IDFC FIRST Gaj vs Kotak Air+ (2026)

IDFC FIRST Gaj marks foreign spend up 0.0% against Kotak Air+'s 2.0% — 2.0pp on every rupee you spend abroad, before either card earns a point on it.

The call

IDFC FIRST Gaj takes it — #15 to Kotak Air+'s #21 on our board. IDFC FIRST Gaj takes 6 of the 8 rounds we can score.

IDFC FIRST Gaj out-earns Kotak Air+ at every spend level we model, from ₹25k to ₹5L a month.

Both card records were last re-verified against their issuers' own documents on 2026-07-26.

Head to head

IDFC FIRST Gaj versus Kotak Air+, metric by metric. The metric runs down the centre; each card's values face it from its own side, and a gold edge on the centre line marks the round winner.
IDFC FIRST Gaj Metric Kotak Air+
#15 — wins this row Our rank #21
₹12,500/yr Fee — joining · annual (+ GST) ₹3,000/yr — wins this row
₹10,00,000 spend Fee waiver ₹4,00,000 spend
Nil — 0% markup on foreign currency, DCC and static-currency-conversion transactions — wins this row Forex markup 2% + GST
Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment APR 3.5%/mo (42%/yr)
3.3% — wins this row Headline earn rate 2.0%
IDFC FIRST Reward Points Currency Kotak Air Miles
₹0.50/pt † House value ₹1.00/pt
12,500 RP on joining-fee payment (₹12,500 at the ₹1 travel value) + a 25%-off 5-star hotel voucher worth up to ₹5,000 on ₹1L spent in 60 days — once per customer Welcome benefit 2,500 Air Miles (₹2,500) on joining + 2,500 Air Miles at every renewal
155 of 789 Lounge doors opened 731 of 789 — wins this row

† IDFC FIRST Gaj: Gaj redeems the IDFC point at ₹1.00 on flight and hotel bookings in the app's Travel & Shop section — DOUBLE the ₹0.50 house value and 2.5× Ashva's ₹0.40 — and ₹0.25 on vouchers, products or "pay with points". earn.base is scaled UP to that ₹1.00 reality; points can only cover 70% of a booking, and 1.5L a month / 3L a year of them.

Neither issuer publishes an income floor for these two, and the door is the same on both sides: IDFC FIRST Gaj and Kotak Air+ are both open to a direct application. How people actually get each one is on its card page.

Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →

Ranking-value face-off

Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. This is the ranking model, the one that orders the board; each card page prints the earn-rate-only net annual value instead, which reads lower for any card with an accelerator (both models, side by side). Tune it to your own spend in the calculator.

IDFC FIRST Gaj Kotak Air+
at ₹1L/month
IDFC FIRST Gaj: ₹68,786 wins
Kotak Air+: ₹29,400
at ₹3L/month
IDFC FIRST Gaj: ₹2,06,359 wins
Kotak Air+: ₹88,200
at ₹5L/month
IDFC FIRST Gaj: ₹3,43,932 wins
Kotak Air+: ₹1,47,000

IDFC FIRST Gaj out-earns Kotak Air+ at every spend level we model, from ₹25k to ₹5L a month.

How the gap moves with spend

IDFC FIRST Gaj leads at all 20 steps, but not by the same amount: ₹12,847 at ₹0.25L a month, ₹1,96,932 at ₹5L — the gap fans out with spend, widest at ₹5L (₹1,96,932).

IDFC FIRST Gaj pays a renewal bonus whatever you spend, and Kotak Air+ pays nothing to stay.

IDFC FIRST Gaj draws above the line, Kotak Air+ below · ₹0.25L to ₹5L a month, step by step
Ranking value for each card at every ₹25,000 step of monthly spend, with the gap between them and the card in front at that level.
Monthly spend IDFC FIRST Gaj Kotak Air+ In front
₹0.25L ₹17,197 ₹4,350 IDFC FIRST Gaj by ₹12,847
₹0.5L ₹34,393 ₹14,700 IDFC FIRST Gaj by ₹19,693
₹0.75L ₹51,590 ₹22,050 IDFC FIRST Gaj by ₹29,540
₹1L ₹68,786 ₹29,400 IDFC FIRST Gaj by ₹39,386
₹1.25L ₹85,983 ₹36,750 IDFC FIRST Gaj by ₹49,233
₹1.5L ₹1,03,180 ₹44,100 IDFC FIRST Gaj by ₹59,080
₹1.75L ₹1,20,376 ₹51,450 IDFC FIRST Gaj by ₹68,926
₹2L ₹1,37,573 ₹58,800 IDFC FIRST Gaj by ₹78,773
₹2.25L ₹1,54,769 ₹66,150 IDFC FIRST Gaj by ₹88,619
₹2.5L ₹1,71,966 ₹73,500 IDFC FIRST Gaj by ₹98,466
₹2.75L ₹1,89,163 ₹80,850 IDFC FIRST Gaj by ₹1,08,313
₹3L ₹2,06,359 ₹88,200 IDFC FIRST Gaj by ₹1,18,159
₹3.25L ₹2,23,556 ₹95,550 IDFC FIRST Gaj by ₹1,28,006
₹3.5L ₹2,40,752 ₹1,02,900 IDFC FIRST Gaj by ₹1,37,852
₹3.75L ₹2,57,949 ₹1,10,250 IDFC FIRST Gaj by ₹1,47,699
₹4L ₹2,75,146 ₹1,17,600 IDFC FIRST Gaj by ₹1,57,546
₹4.25L ₹2,92,342 ₹1,24,950 IDFC FIRST Gaj by ₹1,67,392
₹4.5L ₹3,09,539 ₹1,32,300 IDFC FIRST Gaj by ₹1,77,239
₹4.75L ₹3,26,735 ₹1,39,650 IDFC FIRST Gaj by ₹1,87,085
₹5L ₹3,43,932 ₹1,47,000 IDFC FIRST Gaj by ₹1,96,932

Transfer reach

0
live transfer routes from IDFC FIRST Reward Points — no transfers; its own redemption value is the ceiling
IDFC FIRST Gaj
9
live transfer routes from Kotak Air Miles
Kotak Air+

Only Kotak Air+

  • Qatar Airways Privilege Club (Avios)
  • The British Airways Club (Avios)
  • Air France-KLM Flying Blue

Full route maps on each card page, best ₹/point routes on the optimizer →

What to watch out for

IDFC FIRST Gaj · 4 more →

  • Invite-only for private-banking clients — there is no public route that gets you approved
  • Closed loop: zero airline or hotel transfer partners, like every other IDFC card
  • The ₹1 is portal-locked and pays at most 70% of a booking; cash out and it's ₹0.25

Kotak Air+ · 3 more →

  • Zero Air Miles on international spends — the low 2% markup buys cheap swipes, not miles
  • Airline transfers run 2:1, Marriott 3:1 — worse than Solitaire's 1:1, and worse than the ₹1 flat Unbox redemption
  • Air India Maharaja Club is NOT an Air+ partner — that route belongs to the ₹999 Kotak Air

The call

For the ₹1L/month spender, IDFC FIRST Gaj nets ₹68,786 against ₹29,400 — a ₹39,386 gap. At ₹5L/month, IDFC FIRST Gaj nets ₹3,43,932 against ₹1,47,000 — a ₹1,96,932 gap. Lounge chasers: Kotak Air+ opens 731 of 789 tracked doors to IDFC FIRST Gaj's 155.

Our standing verdicts: IDFC FIRST Gaj — Keep; Kotak Air+ — Keep. On our board, IDFC FIRST Gaj sits at #15 to Kotak Air+'s #21 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →

Straight answers

Which is better, IDFC FIRST Gaj or Kotak Air+?

IDFC FIRST Gaj. It sits at #15 on our board to Kotak Air+'s #21. IDFC FIRST Gaj takes 6 of the 8 rounds we can score. IDFC FIRST Gaj out-earns Kotak Air+ at every spend level we model, from ₹25k to ₹5L a month.

IDFC FIRST Gaj or Kotak Air+ — which earns more at ₹3L a month?

At ₹3L a month, IDFC FIRST Gaj nets ₹2,06,359 against ₹88,200 — a ₹1,18,159 gap. Those are ranking-value figures: everyday spend at the card's base rate plus a realistic slice at its best accelerator, net of the fee.

Which costs less to hold, IDFC FIRST Gaj or Kotak Air+?

Kotak Air+ — ₹3,000/yr against ₹12,500/yr. IDFC FIRST Gaj waives its fee at ₹10,00,000 of spend; Kotak Air+ at ₹4,00,000 of spend.

Which gets you into more airport lounges, IDFC FIRST Gaj or Kotak Air+?

Lounge chasers: Kotak Air+ opens 731 of 789 tracked doors to IDFC FIRST Gaj's 155. Visit quotas, guest charges and spend gates are per card — the lounge map carries each one.

How current is this comparison?

Both card records were last re-verified against their issuers' own documents on 2026-07-26. Every figure on this page — the ranking values, the fee rows, the lounge counts, the transfer ratios — is recomputed from those records each time the site builds, so a devaluation changes the call the day we log it.