Kotak Silk Inspire Credit Card for women

Kotak has added another credit card in its portfolio. This time its exclusively for women only called Kotak Silk Inspire Card.

Silk Inspire credit card which gives 5pt for every Rs.200 spending on apparels while for all other spending it is 1pt for every Rs.200 spent. With each point worth around Re.1 means that effective cashback is 2.5% on apparels while meager 0.5% on other spending. Though there is a catch that need to spend minimum Rs.7500 in a month to get 5 times rewards on grocery.

There is more to it. Spend Rs.1,25,000 in 6months and you can get 4PVR movie tickets free.
Plus you get 7days pre-reporting insurance in case your card gets stolen.
Plus 2.5% fuel surcharge waiver at any petrol pump in India.

All in all a good card considering you have to pay annual fees of Rs.599 which gets waived if you spend Rs.1,25,000 in a year.

This card is recommended if you spend more than 10,000+ in a month and plan to pay the full amount by due date .