Kotak Mahindra Silk Inspired Credit Card Review

Kotak Mahindra Silk-inspired Credit Card is a credit card that is specially designed to give women more financial independence. The best thing about the card is that it can be issued against a fixed deposit account which means you don’t need a high CIBIL Score or a fixed annual income to get this card. It comes with several benefits like reward benefits, fuel surcharge waiver, Milestone benefit, lost card liability coverage, annual fee waiver, etc. 

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 75 yrs. 
    • Income: This card can be issued against a fixed deposit account. 
  • For self-employed person:
    • Age: 18 to 75 yrs. 
    • Income: This card can be issued against a fixed deposit account.
  • Minimum term deposit amount ₹50,000 
  • 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:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recent audited financial report. 


  • Joining Fee: ₹599 + GST
  • Annual Fee: ₹599 + GST 


  • Reward benefit:

You can earn 5x reward points for every 100 rupees spent on garments and clothing. Also, you can earn 1 reward point for ₹200 transactions on other categories.

You can use your reward points for mobile recharges, flight tickets, movie tickets, and you can pay using those points at any branded merchandise

  • Fuel surcharge waiver:

With this card you can enjoy an annual waiver of ₹3500 on fuel surcharge, this offer is applicable at any fuel station in India. 

  • Lost card liability coverage:

Kotak Mahindra covers you against lost cards, with this card you are covered with ₹75,000 against lost cards, theft, or frauds.

  • Milestone benefit:

if you spend ₹1,25,000 or more within six months then you can win up to 1,000 bonus points or 4 free PVR ticket, the cardholder can make a selection between them

  • Annual Fee waiver:

If you can spend ₹1,25,000 with your card within a year, then the annual fee of your card will be waived off for the next year. 

  • Various Offer:

With this card, you can enjoy a wide range of offers on dining, shopping, travel entertainment, and lots more.

  • Add on card:

You can share the awesome features of your cards with your loved ones. Just add your loved ones, (min age – 18+) with your card and they can also the features of a credit card.

  • Spend tracker for add on card:

This feature allows you to track the spending of your add-on members, it gives you more control over your account.  

  • Customizable spend limit:

With this feature, you can easily set a limit for each of your add-on members. This feature is very helpful in setting up a monthly budget. 

  • Worldwide acceptance:

This card is globally accepted, you can use this card at any outlet or e-commerce site where the Visa Cards are accepted.  


  • Cash Withdrawal Charge: ₹300. 
  • Finance Charge: 2.99% monthly. 
  • Foreign currency transaction: 3.5% against the transacted amount. 

Contact Details:

Call: 1800-266-2666

Mail: [email protected]

100xGain Ratings:


Final Opinion:

If you want to earn reward points for your shopping expenses, then this card is can help you. You will get 5X reward points for your spending on clothing and garments, fuel surcharge waiver, lost card liability coverage, opportunity to earn some onus reward, annual fee waiver, etc.

But this card does not feature many benefits on Movies and Dining, so if you want to earn benefits on movies then you can go for Standard Chartered Platinum Rewards Credit Card, if you want to earn benefits on dining and online shopping then you can go for HSBC Cashback Credit Card it offers exclusive Cashback and dining benefits, and if you want a premium credit card that offers lounge access, golf and other premium benefits then you can go for Yes FIRST Preferred Credit Card.

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