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 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.
Get up to 5x reward points on every Rs.100 spent on clothing.
Earn 1 reward point on every Rs.200 spent on any other categories.
Fuel surcharge waiver of 2.5% is applicable when you use your Kotak Silk Inspire Credit Card at any petrol pump across the country.
Enjoy 8 free PVR tickets every year.
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 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.
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 if:
You are between 18 to 75 years old.
You are located in Bangalore, Ahmedabad, Chennai, Delhi, Chandigarh, Hyderabad, Mumbai, Kolkata, Navi Mumbai or Pune.
If you have an individual term deposit with a minimum amount of Rs.50, 000.
You are an Indian resident.
How can you apply for a Kotak Silk Inspire Platinum Credit Card?
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.
Fees and charges
RS. 599 one-time joining fee will be charged for the first year.
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.
Cheque bounce charges
Payments made is bank will attract Rs.75 processing fee.
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I have Kotak Pvr Gold card, I used to get free movie tickets at week end, the credit limit is sufficient for me they offered around Rs.75,000 and they do have rewards points based on my transactions. The customer support is not upto the mark, whenever I call to their help desk they at least 15 minutes of time and then there was no response.
I'm using the kotak mahindra credit card for more than 5 years and the service is really good. I am having a platinum credit card. Its general card which provides the same benefits given by other card. Their app is really good. Its easy to make the bill payment. I can able to use it everywhere.
Kotak Mahindra Bank mobile application is easy to access for to check our transactions details, it is an annual fee chargeable card. II have been using this card for more than 3 years. EMI option is applicable and charges are nominal. I use this card for shopping purpose based on the usage I get reward points.
Kotak Pvr is a very good card as per my experience, I use this card generally for shopping purpose so I used to get reward points based on the spends. But I am not sure how to redeem those points into cash back and my card has Rs.500 yearly fee its fine.
I had a Kotak platinum card for last one year, its a pretty normal one for general usage. I got some offers as well based on the transaction but I didn't explore as such. The rate of interest is bit higher for the emi conversation, it should be as per the market rate.
I am using 2 credit cards with Kotak Mahindra Bank, Visa & Platinum card. The credit limits are less and got the limit around 22K initially but at present it was 52K. They are not charging me annual fee for both cards. The rate of interest was 16.5% and its easy to convert into EMI.
Based on my Kotak credit card, I can convert the purchase amount into emi with less interest as compared to other banks because I am using this Kotak card for last 7 years. If I do foreclosure also there is no extra charges for the emi. They keep enhancing the limit based on my transactions, they are providing buy one and get one movie tickets too.
I have applied for Kotak Mahindra Bank credit card which was applied through Online.I have submitted the documents twice and then not yet received any update and not got any reason about the card process hence not taken this card.I have got all the details about the card process.
I am using KOTAK bank 811 credit card for more than a year. The credit limit is limit is low of 25 thousands only. So far they have not increased the limit. It is an annual fee chargeable of 299 and waiver off option are applicable of 5000 thousands spend within a year.I use for shopping and utility purpose.
Kotak Mahindra Bank mobile application is easy to access for to check our transactions details, we can check statement in mobile application but we have to wait till the statement get generated, movie ticket offers are good, credit limit is nominal, card has annual charges of Rs. 499+GST.
I have closed the kotak mahindra bank and i have lost my sim card due that i am unable to make the payment for that they have charged me a huge interest rate hence i have paid all the amount and surrender the card. In future, if I'm able to get the card from Kotak, i will get the same.
I am using a credit card from Kotak Mahindra Bank. I've been holding this card for a while. I am convenient with the credit limit. I am getting some offers for reward points and cashbacks. This credit card's features are good. Bill payment is very easy since i pay through online.
Kotak Mahindra Bank has good offers on movie ticket purchase and on shopping, Kotak Bank is going to increase my credit limit, now the my card is life time free card, where there are no annual fee. There are good rewards points offers where I can redeem it for any merchandise voucher.
I am using Kotak Mahindra Bank credit card from past 7 years, offers are good for movie ticket bookings and for shopping purchase, EMI options are available with good rate of interest, but credit limit is not not been increased since using from these many years.
I got the Kotak Royal Signature card its good for my usage I never faced any issue so far from the bank end. I have been using this card for last three years but before two months I upgraded to Royal signature card it has waiver option on yearly fee if I spend certain limit.
I am holding a Kotak Mahindra Bank credit card. I have been using this card almost one year. I am satisfied with the credit limit. I am getting reward points and cashback offer. This credit card's features are excellent. Bill payment is very easy.
Kotak Mahindra credit card is a normal card which fulfills my basic needs. Actually I got many calls from their executive for the loans and have provided my convenient time to call back but they never turned up which am not happy. I never done late payments.
Service is not upto the mark in Kotak Mahindra bank credit card. I have closed the card already because of the poor service. The call centre executive speaking very bad and their language is not good. Earlier i was using the PVR platinum credit card. I just complaint in the branch with the proof but they haven't taken any action.
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SAM KARUNAKARAN ADIEASH
Reviewed on Sep 10, 2019
I am very much happy with Kotak Mahindra Bank. They are providing the services time to time and they are increasing the credit limit periodically. Overall the banking facilites are very good even whenever I tweet them, they respond me immediately for each and every issues. I have done EMI conversion many times and the rate of interest is also not that much higher. It has lot of benefits but only reward points are not good and its difficult to redeem these points.
Kotak Mahindra bank card is a excellent card to use. I have a own account in Kotak Mahindra bank and the card is having so many benefits but I'm not utilizing it. They are asking the minimal annual fee and the credit limit is Rs. 33000 and i hold this card for since last 2 years and they are offering so many things to increase the limit but i haven't accepted it.