Kotak White Reserve Credit Card

Kotak Mahindra Bank · Open to apply

A metal card that pays no points per rupee: it pays "White Pass" value in vouchers or cashback when annual spend crosses ₹3 lakh up to ₹1 crore (up to ₹2.5 lakh a year), with unlimited international lounge access for the holder and add-ons, two free golf rounds a month, Club Marriott membership and a 2% forex markup. ₹12,500 joining and annual fee, waived on ₹10 lakh of retail spend.

Annual fee
₹12,500 + GST a year
Joining fee
₹12,500 + GST
Fee waiver
Annual fee waived on ₹10,00,000 spend per card year
Base rate
No points per rupee; White Pass is paid on annual spend milestones: 0 White Pass per ₹100 (about 0% at cash value)
Lounges
International: unlimited visits a calendar year
Forex markup
2%
Data
From bank documents, checked 6 Nov 2026

Earns nothing on

  • No points per rupee; White Pass is paid on annual spend milestones

Where the sources disagree

  • White Pass milestone grid: The White Pass page lists ten rows (₹3, 6, 10, 15, 20, 30, 40, 50, 75 lakh and ₹1 crore). The MITC grid has eight: it omits ₹6 and ₹15 lakh and gives ₹15,000 at ₹10 lakh and ₹22,000 at ₹20 lakh. The cumulative totals agree at every row they share, so we enter the page's rows.
  • White Pass validity: The White Pass page says passes are valid 15 months from the date of credit; the MITC says the balance can be claimed 90 days after the anniversary. We use the MITC.
  • fuel surcharge waiver period: The page says the ₹4,500 cap is per calendar year; the MITC says anniversary year. We use the MITC.

Terms the calculator does not value

  • Spends on transportation and education may not count toward milestones (stated for the White card from 1 Apr 2026); this card's documents do not say so. Only the June 2025 MCC list's exclusions (section 2) plus education, EMI and cash advances are excluded in the milestones here. Passenger railways (4111, 4112) are on that list but share the category travel-other with cabs, buses and travel agents, so they are not excluded.
  • White Pass can also be transferred to airline and hotel partners (page); no ratio or partner list is published, so only cashback and the catalogue are valued.
  • Domestic lounge access: the lounge terms list White Reserve for domestic lounges with no minimum spend, but no visit count is published for it, so only international access is entered. Visits beyond the free ones cost the lounge's rate.
  • Golf rounds, Club Marriott discounts and concierge services have no published rupee value and are not valued.

Sources

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