Established in 1985, Kotak Mahindra Bank is one of the popular banks in India. This year, Kotak Mahindra Bank introduced “Kotak Silk Inspire Credit Card”, a card that is exclusively designed for Indian women. This women credit card is introduced with an objective to maximise financial independency among women and can be availed without any income proof as it is sanctioned against fixed deposits.
Silk Inspire Shield: Silk Inspire Shield is the insurance protection given to your card. In case your card is stolen, you get a cover of up to Rs. 75, 000 against fraudulent transaction. Please call Kotak credit card customer care to report stolen card as soon as you lose your card.
Lifestyle benefits: Cardholders also get attractive dining, shopping, travel or entertainment offers on Kotak Mahindra Bank website. Check offers regularly and save money!
Additional cards: You can get add-on cards with all the primary card benefits for your loved ones at a nominal fee. You can set the spend limit on your add on card and can track the spends separately. Visit Kotak Bank website to apply for an add-on card instantly.
Reward points: Kotak Silk Inspire Credit Card members can earn up to 5x reward points on every Rs.100 spent on apparels using the card. Minimum retail shopping spends is restricted to Rs.7500 per billing cycle. You can also earn 1 reward point on every Rs.200 spent on other categories.
Other Kotak Bank Credit Cards
Redemption option 1: Cardholders can spend Rs.1, 25, 000 in 6 months and enjoy a maximum of 8 complimentary PVR movie tickets per year. These tickets can be used for any day, any show and is transferable. You can also redeem it online at pvrcinemas.com using Star Pass Code that will be issued. You will
Redemption option 2: Cardholders can spend Rs.1, 25, 000 and get a maximum of 2000 reward points in a year. Reward points earned will be credited in the next billing cycle and can be used against flight booking, mobile recharge, hotel bookings or any such expenditure.
You can apply for Kotak Silk Inspire Platinum Credit Card by visiting Kotak Mahindra Bank website. To compare this card with other credit cards in the market or to apply for it instantly, you can visit BankBazaar.com.
|Joining fees||RS. 599 one-time joining fee will be charged for the first year.|
|Annual fee||Annual fee of Rs.599 will be charged at the beginning of the second year. This fee can be waived if the customer has spent Rs. 1, 25, 000 in the first year.|
|Duplicate card||Rs. 100|
|Cheque bounce charges||Rs.500|
|Cash payment||Payments made is bank will attract Rs.75 processing fee.|
|Foreign currency mark-up||Up to 3.5%|
|Rs.100 to Rs.500||RS.100|
|RS.50 to Rs.10, 000||Rs.500|
|Rs.10,0001 and above||Rs.700|
|Over limit charge||Rs.500|
1 reward point is equal to Rs.1.
Max Rewards on Apparel in a billing cycle is 500
The maximum fuel waiver allowed in a year is Rs.3500.
PVR tickets should be claimed within 3 months after the program period gets over
Credit limit will be informed before you apply for a card. It is usually up to 80% of the term deposit amount. The maximum credit limit can go up to Rs.12 lakhs.
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