Kotak Mahindra bank, Indiaâ€™s leading private sector bank offers a massive range of credit card products spanning across categories like Lifestyle, Shopping, Dining & Entertainment & Cards for the NRI class. The Aqua Gold Credit Card from Kotak is an exclusive card designed to help you save money in the form of interest free cash withdrawals, fuel surcharge waivers and the card comes free for life with no annual fees, which implies more savings.
In addition, benefits such as free PVR tickets and Cashback of Rs.750 are like icing on the cake. This card is only available to Term Deposit account holders with Kotak Mahindra bank.
This card is available only on the basis of Term Deposit accounts held. The credit limit and other terms are determined on the basis of the balance held in the TD. Minimum deposit amount required is Rs.25,000 and only individual TDâ€™s are allowed.
|Joining Fee||Rs. 1,499|
|Late Payment Charges||Rs.100 to 700, depending on the O.S balance|
|Cash Withdrawal Fee||Rs.300 for every Rs.10,000 withdrawn|
|Add On card||Nil|
For retail purchases, the bank provides an interest free period of up to 48 days. This implies, youâ€™ve up to 48 days to make a payment in full to avoid interest charges billed on the specific transaction.
The Aqua Shield option provides insurance cover of Rs.50,000 for fraudulent transactions reported within 7 days. In order to make a claim, the cardholder should immediately call the customer service on 1800 102 6022 for blocking the card and register a claim against unauthorised transactions. The cover is applicable to both Primary and Supplementary cards.
With this card, you can withdraw a maximum of Rs.25,000 per day. This amount is valid for cash advances made at ATMs, at Branches and Funds Transfer.
By spending a minimum of Rs.1,50,000 in an year, you qualify to receive 4 free PVR tickets or a cashback of Rs.750. You can call the customer service for more information in this regard.
There is no reward points program available on this card.
This card is a Visa Gold.
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