Kotak White Reserve offers 2% back — no earn rate
Kotak White Reserve has no per-swipe points, offering 2% back at ₹10 lakh spend milestone, scaling to ₹2.5 lakh of value at ₹1 crore. This card provides unlimited lounge visits for primary and add-on cards.
Kotak Mahindra Bank has introduced the White Reserve card with a unique rewards structure, offering no points per transaction. Instead, cardholders can unlock White Pass milestones, with rewards valued up to ₹2.5 lakh at ₹1 crore annual spend. The White Reserve card has an annual fee of ₹12,500, providing unlimited lounge visits for primary and add-on cards, as well as Club Marriott membership. This card seems to be designed for high-spending individuals who value lounge access and milestone rewards. Our take: a card with no per-swipe earn rate is a milestone card in a metal jacket. White Reserve pays nothing until ₹10 lakh of spend, then 2% back, topping out at ₹2.5 lakh of value at ₹1 crore a year — so the ₹12,500 fee only makes sense if you are genuinely spending in crores. Below that, unlimited lounge visits for primary and add-on cards plus Club Marriott is the entire product, and you should price it as a lounge membership, not a rewards card.