Kotak Mahindra Bank Aqua Gold Credit Card Review

Kotak Mahindra Bank Aqua Gold Credit Card is a basic credit card. Kotak Mahindra Has specially designed this card for beginners. It comes with zero annual and joining fees and a lower interest rate. It also offers some benefits and features like Fuel surcharge waiver, milestone benefit, interest-free cash withdrawal, balance transfer, etc.  

Eligibility Criteria:

  • Resident Type: Indian.
  • For salaried person:
    • Age: 18 to 75 yrs. 
    • Income: You can get this card against a term deposit account.  
  • For self-employed person:
    • Age: 18 to 75 yrs. 
    • Income: You can get this card against a term deposit account. 
  • Term deposit amount: ₹25,000 minimum.
  • Good relation with the bank.

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Latest salary slip. (3 months) 
    • ITR
    • Latest income tax return.
    • Proof of business
    • Recent audited financial report. 


  • Joining Fee: None. 
  • Annual Fee: None. 


  • Lifetime free card:

This card comes charges zero joining and an annual fee, you can get the card completely free for a lifetime.  

  • Fuel surcharge waiver:

With this card you will get a 1% waiver on fuel surcharges, the transaction amount should be between ₹500 to ₹3,000. This offer applies to most of the fuel stations in India. 

  • Cash withdrawal: 

With your Kotak Mahindra Aqua Gold Credit Card, you can withdraw cash for ATMs without any interest for 48 days. You have to pay ₹300 as a cash withdrawal charge. 

  • Milestone benefit:

If you can spend 1,50,000, with this card within a year, you will get 4 free movie tickets from PVR cinemas. You will also get ₹750 Cash-Back. 

You can use those PVR tickets any day and for any show. And the Cash-Back amount will be credited directly to your account. 

  • Big credit limit:

This card offers up to 80% of your TD amount as your credit limit. The maximum credit limit you can get is ₹12 lakh. 

  • Railway surcharge waiver:

When you book railway tickets from www.irctc.co.in with your card, you will get a waiver on railway surcharge. You can also get this waiver on the tickets booked from booking counters.  

  • Balance transfer:

You can transfer the balance of another credit card to your Kotak Mahindra Bank Aqua Gold Credit Card to get a lower interest rate. You can just call the customer helpline to transfer the balance. You will also have to pay ₹349 as a processing fee for each ₹10,000 transactions. 

  • Insurance coverage:

This card comes with a built-in Insurance coverage of ₹50,000 against lost or credit card this insurance covers any kind of fraud. 

To get the insurance coverage, you have to report as soon as you realize the lost card. 

  • Add-on facility:

You can share the benefits of the card with your loved ones just add your loved ones with your card and they can also enjoy the benefits of a credit card.

RBL also allows monitoring the spending of the add-on members. Primary cardholders can set a spending limit for his/her add-on members. 

  • EMV chip card:

This card comes with a built-in EMV chip, it is a specially designed chip to add more security to your transactions. Also, you will get an OTP whenever you use your card for online transactions. 

  • Worldwide acceptance:

This card is accepted in almost every country in the world, you can also use this card to purchase from any foreign c-commerce sites, but you will have to pay a charge for the currency conversion.


  • Cash Withdrawal Charge: ₹300. 
  • Finance Charge: 2.99% monthly & (35.88% annually)
  • Foreign currency transaction: 3.5% against the transaction amount. 

Contact Details:

Call: 1800-266-2666

Mail: [email protected] 

Dispute Resolution Process:

If you notice some unauthorized transaction or any miscalculation in your card statement, or if your card is lost or stolen, you should act fast. In such situations, you may follow these steps.

  • First of all, call customer service and tell them your problem, they will help you to solve it. If your card is lost or stolen you should ask them to block your card immediately.
  • If this does not work, then you can mail the Kotak Mahindra Service assurance center. You can directly contact them from Kotak Mahindra’s grievance redressal page.  
  • If you do not get any response within 1 to 7 days, you can either submit a Grievances or you can mail the principal nodal officer at  [email protected] 
  • If you are still not satisfied with the service, you can go to the Banking Ombudsman of your locality. You can find the contact details from your branch or the Reserve Bank of India’s official website. 

100XGain Ratings:


Final Opinion:

Kotak Mahindra Aqua Gold Credit Card is a basic credit card, it is best for beginners and for those who want to build up a credit card. Because this card is issued against a term deposit account, that means you don’t need to have any credit score to prove your eligibility, it also comes with zero joining and annual fee and a very low-interest rate. All these make it a perfect credit card for beginners. But if you are looking for reward points and premium benefits, then you will be disappointed. 

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