Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Kotak Bank Fortune Gold Credit Card

    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.

    Kotak Fortune Gold Credit Card Benefits:

    • The cardholder can not only make cash withdrawals at Kotak and other Visa ATMs, but can also get cash and initiate funds transfer at branches, request for a Demand Draft online and offline. With so many options, you will never run out of choices to get cash.
    • The cash withdrawn is interest free up to 48 days, which implies you have ample time to repay and save on interest charges. Also, you just pay Rs.199 per Rs.10,000 withdrawn as cash advance fee. These facilities are available all round the year.
    • If you frequently purchase fuel with credit cards, enjoy maximum savings with the Kotak Fortune Gold card. Fuel Surcharge is waived for transactions between Rs.500 to Rs.3,000. The maximum waiver allowed in a calendar year is Rs.3,500.
    • Transfer balances from other credit cards at a processing fee of just Rs.349 per 10,000. At nominal interest charges, you end up saving a considerable amount. The credit card balance transfer option is instant & easy, just a call away.

    Kotak Fortune Gold Credit Card Features:

    • Add On or Supplementary cards are available for your loved ones. Freeze limits on each card and track spends separately for each card using netbanking. The benefits and features remain the same as the Primary card.
    • The Fortune Shield insurance cover option from Kotak ensures protection against fraudulent transactions. Get a cover of Rs.50,000 against fraudulent usage, up to 7 days pre- reporting.
    • The cardholder also qualifies for 4 free tickets from PVR or Rs.750 as cash back if the total spends in a calendar year exceed Rs.1,50,000.

    Fees and Charges:

    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

    Eligibility and Documentation:

    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.

    • The primary card applicant should be atleast 18 years and not above 65 years.
    • The credit card aspirant should be a resident of India.
    • Minimum annual income from business should be atleast Rs.3 lakhs.

    FAQs on Kotak Fortune Gold Credit Card FAQs:

    1. Is the Kotak Fortune Gold card available for salaried individuals?

      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.

    2. I am a businessman and would like to apply for the Kotak Fortune Gold card for my daily procurement expenses. How much is the Annual fee?

      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.

    3. How do I transfer funds online from my Fortune Gold Card account?

      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 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.

    4. What type of card is the Fortune Gold Card?

      This card is categorised as Visa Gold, accepted internationally.

    5. Is there an interest free period for retail purchases?

      Yes. Retail purchases are not billed interest charges for up to 48 days from the time of successful transaction.

    6. What is the transaction limit to qualify for fuel surcharge waiver?

      The minimum amount is Rs.500 with an upper cap of Rs.3,000 for a single swipe to qualify for the waiver.

    7. Can I earn reward points for purchases and other transactions?

      The reward points program is not available for this card.


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