If you are looking for a card that isn’t going to load you up with a ton of fees, a Kotak Credit Card might be for you. There are no annual or joining fees which can make a big difference in your decision if you are in a credit crunch. You also have the opportunity to access no interest on cash withdrawals and perks like insurance and exclusive discounts.

Before you get into any kind of application process and commitment, evaluate what you are looking for in a credit card. There are so many options out there, that you will easily be able to find the one right for you. But if you don’t do your research, you could be stuck with one that isn’t suited to your lifstyle at all.

Our editors have looked into Kotak Credit Card offerings and honed in on their Aqua Gold Credit Card. this particular card appears to be a good one for people looking for a good well-rounded value in their next card. The information collated by our professionals will help you make a better decision on whether this card is a yes or a no for you.

Looking for a credit card that has NO interest in cash withdrawals and has multiple perks and rewards? Then Kotak Bank Credit Card is for you. Here's how to apply:

What are the Fees of a Kotak Credit Card?

There are tons of credit cards to choose from the Kotak Mahindra Bank. There’s a card you can use to double reward points or enjoy more travel privileges. We are going to take a closer look at the Aqua Gold Credit Card and its benefits. What makes this credit card totally valuable is the interest-free cash withdrawal for up to 48 days throughout the year.

Unlike other banks which charge interest for every cash withdrawal transaction, the Aqua Gold Credit Card lets you do this for free. In difficult months, the Kotak Mahindra Bank says they will be sure to help you stay afloat through convenience and affordability.

Another benefit for this card is the comprehensive insurance or Aqua Shield for stolen and lost cards. You will not be liable for unauthorized transactions when your card is stolen or lost. Charges will be covered by the insurance as long as you report the incident immediately. Charges will apply once you fail to report a stolen or lost card for more than 7 days. Note that you will get coverage up to Rs 50,000 against fraudulent usage.

The Aqua Gold Credit Card also lets you waive the fuel surcharge. Without this card, there will be an additional 2.5% surcharge on top of your bill. However, using this card to pay for your fuel gives you waiver benefits up to Rs 3,500 for the whole year. The waiver can be used for transactions between Rs 500 and Rs 3,000. Powered by Visa, you can also access exclusive merchant discounts by simply presenting this credit card.

What are the Fees of an Aqua Gold Credit Card?

Credit cards are convenient to use upon purchase points, but you need to know exactly what you are paying for. You might spend a few hundred on groceries and then pay it back late, that means you just increased your monthly cost on groceries. Be ready and aware of what you will have to pay once you are accepted and using the card.

  • Interest charge: 2.99% on purchases
  • Joining fee: Rs 0
  • Annual fee: Rs 0
  • Cash advance fee: Rs 500
  • Late payment fee: Rs 300 

Overall, the Aqua Gold Credit Card is good for individuals with low to moderate spending per month. Aside from rewards, you can also enjoy minimum interest charges. Before you make a final decision, make sure you know how this card and its fees will play out with your budget.

SBI Bank Credit Card

How to Apply for the Aqua Gold Credit Card

The Kotak Mahindra Bank claims to have hassle-free banking, and yes they do upon our testing. It starts with the application process and continues through to the issuance of the card and beyond.

To apply for the Aqua Gold Credit Card, you need to be in the age bracket of 18 to 75 years old with a minimum Term Deposit amount of Rs 25,000. You must also be a legal Indian resident and have a steady source of income.

Note that the credit limit depends on the deposit amount you provide. The bank will allow up to 80% of the term deposit amount as your credit limit. If you wish to apply for this card, you can simply do it online via the Kotak website.

How to Contact Kotak Bank

Head office

27 BKC, C 27, G Block,

Bandra Kurla Complex, Bandra (E), Mumbai – 400051

Telephone: 1860 266 2666, or 1855-3656767 (USA), 001180044990000 (Australia), 00180044990000 (Hong Kong), 0080044990000 (UK), 18557684020 (Canada), 8001013054 (Singapore).

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.