Finance

Compare IndiGo Ka ching Cards: Kotak vs. HDFC. Which is Better?

Particulars Kotak IndiGo Ka-ching 6E Rewards XL Credit Card 6E Rewards XL IndiGo HDFC Bank Credit Card
Card Type Mid-level Mid-level
Minimum Age Requirement 21 to 65 years 21 to 60 years
Joining Fee Rs. 2,500 Rs. 2,500
Annual Fee Rs. 2,500 Rs, 2,500
Welcome Benefit
  • Welcome ticket worth Rs. 3,000
  • Accor dining voucher worth Rs. 1,000
  • Accor stay voucher- 30% off on your stay
  • 6E prime add-on ( priority check in, choice of seat, complimentary meal and quicker baggage assistance)
  • Accor Hotel stay voucher (30% off)
  • Accor Hotel Dining voucher of Rs 1,000
  • 6E prime add-on (priority check in, choice of seat, a complimentary meal & quicker baggage assistance)
Lounge Access 8 lounge access per year subject to 2 each quarter 8 lounge access per year subject to 2 each quarter
Reward Points
  • 6% on every Rs. 100 spent on IndiGo
  • 3% on every Rs. 100 spent on Dining, Grocery & Entertainment
  • 2% on every Rs.100 spent on other spend
  • 5% on every Rs. 100 spent on IndiGo
  • 3% on every Rs. 100 spent on Dining, Grocery & Entertainment
  • 2% on every Rs. 100 spent on other spends
Additional Rewards
  • Up to 15% 6E rewards on IndiGo feature partners
  • 2% rewards on fuel spends on every Rs. 100 spent
Foreign Exchange Markup Fee 3.5% 2.5%
Milestone Benefit 1 complimentary IndiGo air ticket worth Rs. 3,000 (subject to making 3 or more transactions in each of the first three months after card set up)

Which is a better option, Kotak IndiGo Ka-ching 6E Rewards XL Credit Card OR 6E Rewards XL IndiGo HDFC Bank Credit Card?

Note that both these superior Ka-ching variants are mid-level cards, offering travel benefits specifically inclined towards IndiGo. Though the benefits are more or less the same, here are some differences to look out for:

  • Both cards charge a joining fee of Rs. 2,500 and offer welcome benefits of worthmore than Rs. 6,000, around Accor Dining, Accor Stay, and 6E prime add-on benefits. However, the Kotak variant claims an additional benefit over the HDFC variant via an IndiGo airline welcome ticket of Rs. 3,000. However, you must note that HDFC 6E Rewards XL IndiGo HDFC Bank Credit Card, does offer a similar benefit, but labels it under ‘milestone benefit’ instead of ‘welcome benefit’. Though called differently, the benefit is the same on both cards, as you can redeem the complimentary ticket only on making 3 or more transactions in each of the first three months after the card is set up. Thereby, the welcome/milestone benefit offered on both cards is the same.
Additionally, as per an ongoing promotional offer, you can get the Kotak IndiGo Ka-ching 6E Rewards XL Credit Card at a joining fee of Rs. 1,500. Thus, on that basis, the Kotak IndiGo Ka-ching 6E Rewards XL Credit Card surpasses the value back benefit with a huge difference over the joining fee charged. Thus, in that case, Kotak Ka-ching XL credit card emerges as a clear winner in offering better welcome benefits.
  • Coming to reward points, both the premium Ka-ching XL cards offer similar rewards around dining, grocery, entertainment, and retail spending. However, when it comes to the reward for IndiGo spends, the Kotak Mahindra Bank variant offers a comparatively higher reward of 6% on every Rs. 100 spent on IndiGo (in comparison to 5%  on every Rs. 100 spend offered by the HDFC variant).For instance, let us assume that you spend Rs. 3,000 on IndiGo, Rs. 1,000 collectively on grocery, entertainment, and dining, and Rs.1,000 on retail spending, on that basis you will earn rewards as follows:
Rewards On: Kotak IndiGo Ka-ching 6E Rewards XL Credit Card 6E Rewards XL IndiGo HDFC Bank Credit Card
Rs. 3,000 spend on IndiGo Rs. 180

(6% 6E rewards)

Rs. 150

(5% 6E rewards)

Rs. 1,000 spend on Grocery, Entertainment & Dining Rs. 30

(3% 6E rewards)

Rs. 30

(3% 6E rewards)

Rs. 1,000 spend on Retail Spends Rs. 20

(2% 6E rewards)

Rs. 20

(2% 6E rewards)

Here, the difference in rewards earned via both these cards is only marginal and not that huge, specifically across IndiGo spends. However, with the HDFC Bank variant, additionally, you get up to 15% 6E rewards on IndiGo feature partners. Also, while both these credit cards do not offer any fuel surcharge waiver, yet, HDFC bank compensates it via the 2% rewards on fuel spends. Thus, even when Kotak Kotak IndiGo Ka-ching 6E Rewards XL Credit Card offers a higher rewards value on IndiGo spends, the overall reward value offered by 6E Rewards XL IndiGo HDFC Bank Credit Card is better.

A higher reward offered by Kotak on Indigo spends must not be the only point of comparison to analyze the Indigo benefits. Indeed, you must take into account the additional rewards offered by HDFC Bank such as rewards on fuel spending, Up to 15% 6E rewards on IndiGo feature partners, and milestone benefits, that add up to the incremental rewards that you might earn by using your card over a period of time.

On that note, you must note that overall HDFC 6E Rewards XL IndiGo HDFC Bank Credit Card appears as a clear winner, by offering an overall higher reward benefit in comparison to the Kotak XL variant at a similar joining fee of Rs. 2,500. However, you must note that, if you get the Kotak variant at a joining fee of Rs. 1,500 (as per the ongoing promotional offer), then it is not that bad a deal.


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