Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Kotak Mahindra bank, India's leading private sector bank offers a wide range of credit card products in the country to suit the needs of various kinds of customers. The bank extends a plethora of card options in categories such as Shopping, Lifestyle, Corporate, Dining/Entertainment and NRI. Kotak Bank offers cards like the Kotak Fortune Gold Card, rich on benefits and helps you save on fees and charges for specific transactions.
The Fortune Gold Card offers a basket of benefits such as cash withdrawals without interest charges, fuel surcharge waiver, 0% balance transfer and no annual fees. If you are someone who makes frequent cash advances or tanks up frequently with credit cards, this card is custom made for you.
| Type of Charge | Amount |
|---|---|
| Joining Fee | Waived |
| Annual Fee | Nil |
| Late Payment Charges | Rs.100 to 700, depending on the O.S balance |
| Over limit Fee | Rs.500 |
| Cash Withdrawal Fee | Rs.199 for every Rs.10,000 withdrawn |
| Add On card | Rs.299 per card |
This Kotak credit card is only available for Businessmen from Ahmedabad, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Chandigarh, Navi Mumbai, Pune and Bengaluru.
No. This card is tailor made and available only to self employed businessmen. You can look at other card options from Kotak available in various categories such as Shopping, Dining and Entertainment, Lifestyle etc.
As the card is designed to meet the daily needs of businessmen, there is no Joining or Annual fee billed on this card for a lifetime. Plus, Supplementary cards are available at an Annual fee of just Rs.299.
The bank gives you an exclusive option of transferring funds from your credit card account into any of the existing Kotak Mahindra bank accounts. Simply walk into the nearest banking branch with your credit card, provide a valid ID proof and request for a funds transfer by filling up the relevant forms.
You can also log on to KotakCards.com to initiate a funds transfer online, by using your login credentials. The transfer can only be made into a Kotak bank account in your name.
This card is categorised as Visa Gold, accepted internationally.
Yes. Retail purchases are not billed interest charges for up to 48 days from the time of successful transaction.
The minimum amount is Rs.500 with an upper cap of Rs.3,000 for a single swipe to qualify for the waiver.
The reward points program is not available for this card.
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