Kotak811 super.money Credit Card Cashback

Terms and Conditions
 

Eligibility

1. Every customer holding an active Kotak811 super.money Credit Card is eligible for cashback.
2. Customers should have an active Kotak811 Savings Account to be eligible for cashback.

Cashback criteria

Terms & Conditions

1. Cashback is co-sponsored by Scapic Innovations Private Limited (“super.money”).
2. Customers will lose all accumulated cashback if they miss two consecutive billing cycles. Additionally, those with overdue card repayments are not eligible for cashback.
3. Customers can get maximum cashback of up to ₹11,000 per billing cycle as per the table above (cashback and criteria section).
4. The cashback cycle runs from the 1ˢᵗ to the last day of each month (30^th, 31^st, 28^th, or 29^th as applicable, depending on the month and year). Cashback shall be calculated and rounded down to two decimal places for each individual transaction. For illustration purposes only: On a transaction amount of ₹11,111, the cashback earned will be ₹11.11 at 1% and ₹33.33 at 3%, respectively.
5. Customers should redeem their cashback using the super.money mobile application only.
6. Cashback earned by the customer will be redeemable after 35 days of each transaction(s)/spend(s).
7. Cashback earned on transactions will be reversed in case of refund/reversals of the same transactions.
8. Cashback is not transferable.
9. Any unredeemed cashback will be cancelled in the event of card cancellation, closure or freeze of the Kotak811 Account (at the Bank’s discretion), or if there are pending dues for two consecutive billing cycles.
10. Cashback can be redeemed exclusively through the super.money application. Upon successful redemption, the cashback amount will be credited to the customer’s default savings account linked to the super.money UPI.
11. Cashback offers on Flipkart, Myntra, and Cleartrip apply to transactions made through the super.money Credit Card, using the card #, CVV and expiry date combinations on these platforms.
12. Participation for cashback is voluntary.
13. Any customer eligible for cashback shall be deemed to have read, understood, and accepted these terms and conditions, as well as the general terms and conditions of the Bank.
14. Kotak Mahindra Bank reserves the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all or any of these terms and conditions or to replace, wholly or reduce the cashback offered.
15. Transaction(s)/spend(s) converted into EMI, and bills converted into EMI shall not qualify for cashback. Currently, the option to convert transactions into EMI is unavailable; however, it may be introduced in the future.
16. The Bank reserves the right to disqualify any customer from the benefits under the offer if any fraudulent activity is observed as being carried out for availing the benefits under the offer.
17. The decision of the Bank in all matters in connection with and incidental to this offer is final and shall be binding on all persons.
18. Disputes, if any, arising out of or in connection with or as a result of the above cashback or otherwise relating hereto shall be subject to the exclusive jurisdiction of Mumbai courts.
19. Cashback processing is as per Bank’s discretion basis the situation and reasoning of the frozen account.
20. The Bank observed that certain merchants do not use the right MCCs while posting a transaction leading to ambiguity. As a remedial action, the Bank will scan narration of the transactions to evaluate cashback eligibility. Transaction narrations related to credit card, wallet load, fund transfer, gift cards, bill payments, platforms like AmazonPay, Canara Setu, Flipkart Payment, etc. and other similar keywords in narration can be construed by the Bank for not giving cashback. The decision of the Bank on this shall remain final.
21. For the above point, the Bank continuously checks transactions and MCCs and will keep updating its logic. Since it is an ongoing activity, no additional communication shall be sent as working details have already been mentioned in the above point.
22. The Bank reserves the right to modify, amend, or terminate the criteria associated with its rewards program at any time, without prior notice. Such changes may include, but are not limited to, adjustments in eligibility requirements for customers or transactions, and redemption options. Customers are encouraged to review the terms and conditions of the rewards program regularly, as modifications may occur based on market conditions, regulatory requirements, or internal policies. The Bank shall not be held liable for any losses or damages arising from changes to the rewards program.
23. The Bank may also implement a fair usage policy regarding these transactions without prior notice to customers. Such discretion is necessary to maintain the integrity and sustainability of the rewards program. By opting for Kotak811 super.money Credit Card, customers acknowledge and accept these conditions. We encourage you to regularly check these terms and conditions for updates. Keeping informed about any changes will help you make the most of the rewards program and ensure that you understand your rights and responsibilities. For grievances, redressal/complaints/escalation, customers may contact super.money or Kotak Mahindra Bank Ltd. customer contact centre.

Exclusion from cashback/rewards program

Transactions on below categories will not be considered for cashback:

• Loan repayment
• Wallet load transactions
• Utilities payment & bill payments
• Credit card bill payments
• EMIs running on the card

For the detailed list of exclusions check the below table

(Note: For details on restricted MCCs, visit your card network’s website (e.g., RuPay).