Kotak Mahindra's Silk Inspire Card is great for students who love to shop for apparel. One can get an 5% cashback on retail purchases of Rs.7,500 each month (max Rs. 500 back per cycle). It is a secured student credit card that requires a minimum fixed deposit of Rs 50,000.
Benefits of Kotak Silk Inspire Credit Card
The eligibility criteria to apply for Kotak Mahindra Silk Inspire Credit Card
The documents required to apply for Kotak Mahindra Silk Inspire Credit Card
Documents required to apply for Kotak Bank Credit Card
Both Self-employed and Salaried
Salaried- Income proof
Self-employed- Income Proof
Kotak Silk Inspire Credit Card fee and Charges
|Joining Fees||RS. 599 one-time joining fees will be charged for the first year.|
|Annual Fees||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.|
|Duplicate Card||Rs 100|
|Cash Payment||Payments made is bank will attract Rs.75 processing fee.|
|Foreign Currency Mark-up||Up to 3.5%|
|Interest Charges||35% annually|
Though we are not dealing with Student Credit Cards at present but IndiaLends has collaborated with the top banks to offer you a low-annual fee or lifetime free credit cards. It can work well for students also. You can check here our range of credit cards and choose the one that suits you well.