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Kotak Mahindra Bank
Kotak Veer Platinum
VisaMidPoints
💰
Annual Fee
₹1,499
🎁
Reward Type
Points
🌍
Forex
3%
✈️
Lounge
4 dom · 2 intl
Full Spec Sheet
Multi-source VerifiedFees
Joining Fee₹1,499
Annual Fee₹1,499(waived ≥ ₹2,00,000)
Min Monthly Income₹35,000
Rewards
Reward TypePoints
Base Rate0.67%
Point Value₹0.25/point
Category Multipliers
dining4%international3%
Travel & Global
Forex Markup3%
Domestic Lounge4 visits/yr
Intl. Lounge2 visits/yr
Lounge NetworkPriority Pass
India-Specific
Fuel Surcharge✓ 1% waiver
Similar Cards
💡 Fee Waiver Strategy
Spend ₹2L/year to waive ₹1,499 fee.
⚖️ Breakeven Analysis
To recover the ₹1,499 annual fee at the base reward rate of 0.67%, you need to spend ₹2,23,732 annually.
🎯 Pro Tips
- ▸4X on dining
- ▸4 domestic + 2 international lounges
- ▸3% forex — lower than standard 3.5%
📊 Spend Profile Simulator
Spend Profile Simulator
Net Annual Value
+₹3,009
Effective Rate
0.3%
Ranked #123 of 173 cards#123
₹1,499 annual fee deducted from gross rewards value.
🏷️ Best For
diningtravellifestyle