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Kotak Mahindra Bank

Kotak Zen

VisaMidPoints
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Annual Fee

₹1,499

Reward Type

Points

Forex

3.5%

Lounge

4 dom · 0 intl

Full Spec Sheet

Normalized · Verified

Fees

Joining Fee₹1,499
Annual Fee₹1,499(waived ≥ ₹2,00,000)
Min Monthly Income₹50,000

Rewards

Reward TypePoints
Base Rate1%
Point Value₹0.25/point

Category Multipliers

wellness5%(cap ₹1,000)travel3%

Redemption Values

vouchers0.25/pt
statement credit0.2/pt

Travel & Global

Forex Markup3.5%
Domestic Lounge4 visits/yr
Intl. LoungeNone
Lounge NetworkVisa

India-Specific

Fuel Surcharge✓ 1% waiver

Similar Cards

💡 Fee Waiver Strategy

Spend ₹2L to waive fee.

⚖️ Breakeven Analysis

To recover the ₹1,499 annual fee at the base reward rate of 1%, you need to spend 1,49,900 annually.

🎯 Pro Tips

  • 5X on wellness spends (gyms, spas, health apps)
  • Complimentary spa access at select hotels

📊 Spending Scenarios - Real-World Returns

Wellness Spender (₹40K/mo)

Monthly: ₹40,000 · Annual: ₹4,80,000

1.5%
Effective Return
wellness: ₹8,000/motravel: ₹8,000/moshopping: ₹12,000/moother: ₹12,000/mo
Annual Rewards Value7,200
After Fee (₹1,499)+5,701

5X on wellness, 3X on travel, 1X on rest.

🔄 Redemption Pathways - Value per Point

MethodValue
Gift VouchersBEST₹0.25/pt

🏷️ Best For

lifestyletravel