Kotak Silk Inspire Credit Card Review

Kotak silk inspire credit card Annual and Joining Fees

  • Joining Fees: Rs. 599+GST
  • Annual Fees: Rs. 599+GST( Waived on spends of Rs. 1,25,000 in the previous year)
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  • Add on card: NIL
  • Kotak silk inspire credit card Benefits

    Regular Rewards

    • 5 Rewards points on Rs.100 Apparels spends
    • 1 Rewards points on Rs. 200 on all other spends
    • 1 reward point = Rs. 1
    • The default rewards rate is 0.50%

    Minimum Retail Spends in a billing cycle should be at least Rs. 7500 for claiming 5X rewards points on Apparels Spends.

    Bonus Rewards

    • On Spending Rs. 1,25,000 in every 6 months, you will get 4 Free PVR tickets or 1000 rewards points
    • The total bonus in the year will be 2000 reward points worth Rs. 2,000 or 8 PVR movie tickets

    Kotak silk inspire credit card features

    • Fuel Surcharge Waiver– Fuel Surcharge waiver is applicable to all petrol pumps in India, the transaction amount should be between Rs. 500 to 3,000. The Maximum fuel surcharge waiver is Rs. 3500// Per year.
    • Silk Inspired Shield( Insurance)– Kotak Mahindra silk inspires credit ard provides you Insurance covers of Rs. 75,0000/- in case credit is lost and fraud transaction happens on your credit card, However, you need to immediately call Customer Contact Centre (1860 266 2666) to get your credit card blocked and to prevent misuse and register a claim with the Insurance Company.
    • Add-on Card– You will get a Free Add credit card for your spouse and children without paying any fees for it. You have also the facility set the limit in add on credit card and tack every expense done on card.

    Pros and Cons of Kotak silk inspire credit card



    Kotak silk inspire credit card Eligibility criteria

    1. Your age should be between 18 years to 75 Years.
    2. Add on credit holder age should be above 18 years
    3. Minimum Term deposit Amount – Rs. 50,000
    4. You should be a resident of India
    5. Identity and Address Proof like PAN card, aadhar card, Copy of passport.

    How to redeem Kotak silk inspire credit card rewards points

    • You pay with rewards points for purchasing at Retail outlet or Shop
    • Rewards can also be redeemed on cash conversion, Airline tickets, and Mobile recharge.
    • Check the terms and conditions.

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