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Time of India

Kotak Mahindra Bank to levy new 1% fee on high fuel spends from June 1; check if your credit card is affected

This new fee policy aims to regulate excessive fuel-related usage on credit cards, especially for premium or rewards-based cards. Tired of too many ads? Remove Ads Which Kotak cards are exempt from this fee Tired of too many ads? Remove Ads New threshold for fuel surcharge waiver Product Existing threshold for fuel surcharge waiver Revised threshold for fuel surcharge waiver Kotak Solitaire Credit Card Fuel transaction between ₹400 to ₹7,500 Maximum Waiver in an anniversary year is ₹10,000 Fuel transaction between ₹400 to ₹7,500 Maximum Waiver in an anniversary year is ₹10,000 White Reserve, Kotak Infinite Fuel transaction between ₹400 to ₹4,000 Maximum Waiver in an anniversary year is ₹4,500 Fuel transaction between ₹400 to ₹7,500 Maximum Waiver in an anniversary year is ₹4,500 White Credit Car Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Fuel transaction between ₹400 to ₹7,500 Maximum Waiver in an anniversary year is ₹4,500 Privy League Signature (free variant) Fuel transaction between ₹400 to ₹4,000 Maximum Waiver in an anniversary year is ₹4,500 Fuel transaction between ₹400 to ₹7,500 Maximum Waiver in an anniversary year is ₹4,500 Privy League Signature (paid variant) Fuel transaction between ₹400 - ₹4,000. Max Waiver: ₹300 in a calendar month Fuel transaction between ₹400 to ₹7,500 Max Waiver: ₹300 in a calendar month Mojo Platinum, Zen Signature, Royale Kotak Signature, NRI Royale Signature, Kotak Signature Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Fuel transaction between ₹500 to ₹5,000 Maximum Waiver in an anniversary year is ₹3,500 League Platinum,811 #Dream Different, Kotak 811 Credit Card Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Fuel transaction between ₹500 to ₹4,000 Maximum Waiver in an anniversary year is ₹3,500 Indian Oil Kotak Credit Card Fuel transaction between ₹100 - ₹5,000 only at IOCL fuel pumps Max Waiver: ₹100 per statement cycle Fuel transaction between ₹100 - ₹5,000 only at IOCL fuel pumps Max Waiver: ₹100 per statement cycle Delight Platinum Fuel transaction between ₹400 to ₹4,000 Maximum Waiver in an anniversary year is ₹4,500 Fuel transaction between ₹400 to ₹4,000 Maximum Waiver in an anniversary year is ₹4,500 Kotak BIZ Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹2,500 Fuel transaction between ₹500 to ₹5,000 Maximum Waiver in an anniversary year is ₹2,500 Myntra Kotak Credit Card Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Veer Platinum, Veer Select, Fortune Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Fuel transaction between ₹500 to ₹3,000 Maximum Waiver in an anniversary year is ₹3,500 Starting June 1, 2025, private sector lender Kotak Mahindra Bank will impose a 1% fee on fuel transactions once a cardholder exceeds the cumulative fuel spending threshold within a statement cycle. However, this new fee policy applied to select Kotak credit cards-with varying limits based on card type. Fuel spending is a significant part of monthly expenses for many consumers. This new fee policy aims to regulate excessive fuel-related usage on credit cards, especially for premium or rewards-based new fee for fuel transactions is not applicable to White Reserve Credit Cards, Kotak Solitaire, Kotak Infinite, Kotak Signature, IndianOil Kotak Credit Cards , or Myntra Kotak Credit others, the 1% fee kicks in when the cumulative monthly fuel expenses cross:The 1% fuel fee will apply if fuel spending crosses defined limits within a billing cycle. For White Signature, Privy League Signature, and Kotak IndiGo 6E XL Rewards Credit Cards, the threshold is Rs 50, cards like Mojo Platinum, Zen Signature, Royale Kotak Signature, PVR INOX, 6E Rewards IndiGo Kotak Credit Card, Kotak BIZ, and NRI Royale Signature, the threshold is Rs 35, fuel surcharge waiver criteria have been revised for multiple products from June 1, Kotak Mahindra Bank