Fortune Benefits
- Kotak and other VISA ATMs
- Cash and Fund Transfer at Branch
- Call for a Demand Draft
- Fund transfer and Demand Draft online
- Enjoy higher cash limit : 50% of your credit limit
- Cash Advance fee of Rs. 199/- per Rs. 10,000 or part thereof
- Available all year around.
- Up to 48 days
- Fuel Surcharge Waiver of 2.5%
- Across all petrol pumps in India
- Applicable on transactions between Rs. 400 and Rs. 4000
- Spend Rs.1,50,000 in a year and get a complimentary IndiGo Air Ticket (base fare only).
- Enjoy a maximum of one air ticket every year
- To track your spends and claim your benefit visit www.kotakcards.com/milestone
- For details and terms and conditions Click Here
- Railway Surcharge Waiver for offline & online transactions
- Processing fee of Rs.349 per Rs.10000
- Continued interest free period on fresh retail purchases
- Easy & Instant - Just call us to transfer your balances
- In case your Credit Card is stolen, you get a cover of Rs. 75,000 against fraudulent usage upto 7 days pre-reporting.
- You are required to immediately call Customer Contact Center (1800 102 6022) and get your card deactivated / blocked to prevent misuse and register a claim with the Insurance Company
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Fortune Offers
- Flat Rs.250.00 discount on domestic flight booking at www.goibibo.com
- Use the Promotion Code ‘KOTAKGO’
- Offer Valid till: 30th June 2012.
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- Save up to 20% * on dining across 120 restaurants
- Offer Valid till: 30th Sep 2012.
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- Get upto 10% discount on base fare of International flights. Max Discount of Rs.2000.00 per transaction.
- Get upto 15% discount on base fare of Domestic flights. Max Discount of Rs.600.00 per transaction.
- Get Rs.500.00 off on Domestic Holiday Packages.
- Get Rs.1500.00 off on International Holiday packages.
- Get Rs.150.00 off on purchase of Tirupati Bus Tours only.
- Get 10% discount on Weekend getaways.
- Offer valid till: 30th June 2012.
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- Domestic Holidays: 5% cash back. Use Deal Code KOTDOM.
Maximum cash back INR 1500 per booking id. - International Holidays: 7% cash back. Use Deal Code KOTINT.
Maximum cash back INR 2500 per booking id. - International Flights: 5% cash back on base fare. Use Deal Code KOTFLI.
Maximum Cash Back INR 1000 per booking id. - Offer valid till: 31st Dec 2012.
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- Get Rs.250.00 cashback for domestic flight tickets and Rs.500.00 cashback for international flight tickets per transaction/booking. Offer valid on Kotak Signature, Kotak Platinum, Kotak Gold and Easyday Kotak Credit Card.
- Offer valid till: 31st Aug 2012
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- 10% base fare discount on domestic & international flights tickets booked on www.goindigo.in
- Offer Valid till: 15th May 2012.
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- Buy 1 & get 1 offer on Comprehensive Health package of Rs.1800.00
- Offer Valid till: 31st Aug 2012.
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- Purchase Matrix Sim card using your Kotak Credit Card and get talk time worth Rs.500.00 free for US & UK and talk time worth Rs.250.00 free for the rest of the world.
- Offer valid on Kotak Signature and Kotak Platinum Credit Cards
- Offer valid till: 24th Oct 2012.
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- Use Kotak Credit Card & get 5% discount on purchases made on www.ebay.in Max Cash Back of Rs.500.00
- Offer valid till: 30th Jun 2012
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- Double Benefit Offer on your Kotak Trump Credit Card
Now make the most of watching movies by availing double benefit offer on your Kotak Trump Credit Card. - 10% Instant discount
Book movie tickets on www.cinemax.co.in and get an instant 10% discount on your movie tickets. - 10% Cash-Back
You also get an extra 10% cash-back on your monthly statement for your movie tickets. - Offer valid till: 31st Dec 2012
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- 10% Discount Offer on your Kotak Credit Card
Now make the most of watching movies by availing instant benefit offer on your Kotak Credit Card. - Book movie tickets on www.cinemax.co.in and get an instant 10% discount on your movie tickets.
- Offer valid till: 31st Dec 2012
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- Buy one Cappuccino, get another absolutely Free*
- Just swipe with your Kotak Credit Card and get 100% off on another cappuccino
- Offer valid till: 31st Dec 2012.
- *it is mandatory to inform at the counter about the offer before availing for it.
- *No two offers at Barista can be clubbed
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- Get 20% discount per transaction/booking on Domestic Hotels (maximum discount amount of Rs.2000.00).
- Get 5% discount per transaction/booking on Domestic and International Holiday Packages.
- Offer valid on Kotak Signature and Kotak Platinum Credit Cards.
- Offer Valid till: 30th Aug 2012.
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- Get 15% discount per transaction/booking on Domestic Hotels (maximum discount amount of Rs.1500.00).
- Get 5% discount per transaction/booking on Domestic and International Holiday Packages.
- Offer valid on Kotak Gold and
Easyday Kotak Credit Card. - Offer Valid till: 30th Aug 2012.
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- 20% cash back on purchases made at www.seventymm.com/kotak subject to a maximum cash back of Rs.350.00, whichever is lower.
- Use coupon code KOTAK20
- Offer Valid till: 31st Aug 2012.
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- Flat Rs.100.00 discount on the purchase of Rs.400.00 & above on the entire range of books at www.homeshop18.com
- Enter Discount code “KOTAKBOOK1”
- Offer Valid till: 30th June 2012.
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- 10% FLAT DISCOUNT on the standard price for all KOTAK Credit Card customers on 4 Indus Preventive Health Checkup Packages.
- Get a complimentary silver health friend card worth of Rs.2,500.00
- Offer Valid till: 30th Jun 2012.
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- Get upto 30% Discount on Accommodation.
- Get 20% Discount on Ayurvedic Treatment
- Get 10% Discount on Ayurvedic Medicines
- One Ayurvedic Treatment session complimentary per person (Either a Head of Face Massage)
- One Night stay complimentary stay if you avail a minimum of 3 nights stay (i.e. 4th Night Complimentary)*
- Offer valid till: 31st Dec 2012.
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- Get Rs.100.00 off on purchase above Rs.500.00
- Get Rs.200.00 off on purchase above Rs.1000.00
- Get Rs.300.00 off on purchase above Rs.2000.00
- Get Rs.400.00 off on purchase above Rs.3000.00
- Offer valid till: 31st May 2012.
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- Use you Kotak Credit Card & get flat 25% discount on all Health Check ups at select Apollo Hospitals / Clinics.
- Offer valid till: 31st May 2012
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- Become a member of Wine Society of India and receive a complementary bottle of wine worth upto Rs.1800.00 from Wine Society of India on purchase of first 6 bottle shipment.
- Offer valid on Kotak Signature and Kotak Platinum Credit Cards.
- Offer valid till: 31st Oct 2012.
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- Rs.250.00 off on purchases worth Rs.2000.00 and above
- Offer valid till: 31st Dec 2012
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- 5% off on purchases worth Rs.500.00 and above
- Offer valid till: 31st Dec 2012
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- Get Rs.1200.00 Gift voucher on joining Diamond Club
- Get Rs.500.00 off on purchases of Rs.1000.00 and above
- Purchase any jewellery worth Rs.5,000.00 to 10,000.00 & get a Surat Diamond Gift Voucher of Rs.1,000.00
- Purchase any jewellery worth Rs.10,001.00 to 25,000.00 & get a Surat Diamond Gift Voucher of Rs.2,500.00
- Purchase any jewellery worth Rs.25,001.00 or above & get a Surat Diamond Gift Voucher of Rs.5,000.00
- Purchase any Certified Solitaire from http://ringdesign.suratdiamond.com and get a 18k Gold pendant worth Rs.5,000.00 absolutely free
- Offer valid till: 31 Dec 2012
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- 10% off on purchases worth Rs.1000.00 and above
- Offer valid till: 31st Dec 2012
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- 5% off on purchases worth Rs.500.00 and above
- Offer valid till: 31st Dec 2012
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- Flat 5% off on listed prices
- Offer valid till: 31st Dec 2012
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- Rs.250.00 off on purchases worth Rs.2000.00 and above
- Offer valid till: 31st Dec 2012
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- 15% off on all photo products
- Offer valid till: 31st Dec 2012
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- One Time Discount of Rs.500.00 on purchases of Rs.1000.00 and above
- 5% off on cart value over discounted products
- Offer valid till: 31st Dec 2012
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- Online Offer
- Avail 18% discount on domestic deliveries (Promo Code: KOTAKVDY18 )
- Avail 12% off on international deliveries (Promo Code: INTKOTAK12)
- Outlet Offer
- 10% Discount on purchase upto Rs. 1000.00
- 12.5% Discount on purchases between Rs. 1001.00 to Rs. 1500.00
- 15% Discount on purchases above Rs. 1501.00
- Offer valid till: 31st Mar 2013
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- Purchase Eternity Pure Gold Bars and Coins from Kotak Mahindra Bank on your Kotak Credit Card.
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Minimal Charges; Simplified for You
- Charges
- Other's Complicated Fees
- Kotak Flat Fees
- Late Payment Charge
- Range from Rs. 400/- to Rs. 700/-
- Rs. 550/-
- Over Limit Charge
- 2.5% on over limit amount (subject to a minimum of Rs. 500/-)
- Rs. 500/-
- Cheque Bounce Payment
- Range from Rs. 250/- to Rs. 500/-
- Rs. 500/-
- Cash Withdrawal /
Call a Draft /
Fund Transfer
(Per Rs. 10,000/- or part thereof) - 2.5% or Rs. 250/- to Rs. 300/- whichever is higher
- Rs. 199/-
- Foreign Currency Mark Up
- 3% to 3.5%
- 3.50%
- Interest Charges
- 3.30%
- 3.30%
- Add-on Card
- Bank dependent
- Rs. 299/-
- Joining fee
- Bank dependent
- Waived
- Cash Payment at Branch*
- Bank dependent
- Rs.75
- Service tax & education cess, would be charged as per statutory regulations on the interest & fees and other charges charged on your Credit Card.
- * Charge applicable with effect from 20 Sept 2010
Kotak No Charge Advantage
- Other Charges
- Other Credit Card Charges
- Kotak Credit Card Charges
- Balance enquiry at other ATMs
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- Lost card replacement charge
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- Charge slip retrieval charge
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- Annual fee
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- Renewal fee
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- Machine surcharge at ATMs
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- Charge for duplicate statement
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Eligibility
- Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above
- Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
- Income - Rs. 3lakh and above per annum
- For Businessmen Only
- Should be a resident of India
Fortune Value Chart
- Your Spends
- Monthly
- Annually
- Kotak Benefit
- Your Savings
- Cash Withdrawal at 3.3% p.m. upto 48 days
- 12000
- 144000
- Interest Free cash withdrawal for average 30 days
- 4752
- Railway tickets booked
- 750
- 9000
- 1.8% Surcharge Waiver
- 162
- Your Total Savings
- 5914
FAQs
Why should I select a Kotak Credit Card?
Kotak Credit Cards symbolize the following guiding principles:
Simplicity
Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention.
Transparency
Kotak Credit Cards are transparent in communicating upfront what the card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this card.
Relevance
Kotak Credit Cards have understood what you need the most from your credit card, and have been designed to give you only those benefits that are most relevant for you.
This promise from Kotak ensures that you only get the best from your credit card!
Whom has the Fortune Gold Card been designed for?
The Kotak Fortune Gold Card has been specifically designed for enterprising businessmen. We have kept in mind the major spend areas for you, such that we give you the most relevant benefits & you can derive the maximum out of it.
What type of Card is Fortune?
The Kotak Fortune Card is a VISA Gold Card.
Why should I choose a Fortune Card? Are there any specific benefits that I get?
Only Kotak Fortune Gold Card offers you a unique combination of affordable and easily accessible cash – all year round. We give you not only interest free period on cash advances & a higher cash limit of 50% but we are also available to you at any ATM, Kotak Mahindra Bank branch, online or even on phone.
Besides this, enjoy complete railway surcharge waiver & exciting EMI & BT plans that no one else offers.
What is cash limit on the Card?
Cash limit on the card refers to the percentage of your credit limit which you can take as a cash advance. While most other gold cards offer a 40% cash limit on joining only Kotak Fortune gives you a higher cash limit of 50%.
What is the Annual & Joining Fee for this Card?
There is no annual or joining fee for the Kotak Fortune Gold Card. Kotak Fortune Gold Card is free for life.
Is this Card valid internationally?
Yes, this Card is valid internationally.
Do I enjoy any interest free period on cash?
Yes, only Kotak Fortune Gold Card offers you a interest free period on cash advances of up to 48 days.
How is the 48 days calculated for interest free cash period? How will I be charged from the 49th day?
Interest charges = (Number of days for which a balance is held) * (Amount) * (Daily rate of interest).
Daily rate of interest = (Monthly interest rate) * 12/365
Daily rate of interest = (3.1%) * 12/365 = 0.1019%
Illustration of Interest Calculation
You got your new Kotak Credit Card and started using it. Illustrated below is the calculation for first 2 cycles on your Kotak Credit Card.
Cycle 1 (11 Apr – 10 May)
Statement Date 10th May
Payment Due date 28th May
Cash was withdrawn from ATM on 17th Apr for Rs.20000 at a Grocery Store
TAD = Opening balance +Current Month Cash Advance + Interest & Fees – Payments
Rs.20000 = 0 + Rs.20000 + 0 – 0
MAD = 5% of TAD
Rs.1000 = 5% of Rs.20000
Interest Charged = No Interest is charged
Cycle 2 (11 May – 10 Jun)
Statement Date 10th Jun
Payment Due date 28th Jun
Option 1 (Payment = TAD)
Payment of last months TAD of Rs.20000 is made on 28th May.
Interest calculations:
Interest Rate = 3.1% pm = 3.1%*12/365 per day = 0.1019% per day
TAD = Opening balance + Current Month Purchases+ Interest & Fees – Payments
Rs.0 =Rs. 20000 + 0 + 0 – Rs.20000
MAD = 5% of TAD
Rs.0 = 5% of 0
No Interest being charged as the total payment for cash withdrawn was made before the payment due date.
Option 2 (Payment = MAD)
Payment of last months MAD of Rs.1000 is made on 28th May.
Interest calculations:
Interest Rate = 3.1% pm = 3.1%*12/365 per day = 0.1019% per day
TAD = Opening balance + Current Month Purchases+ Interest & Fees – Payments
Rs.20106.83 =Rs. 20000 + 0 + Rs.1106.83 – Rs.1000
MAD = 5% of TAD
Rs.1005.34 = 5% of 20106.83
Interest will be charged on Rs.20000 till the part payment date and interest would be charged on the remaining amount i.e.Rs.19000 till the time cash balance is settled in customer’s account.
Option 3 (MAD < Payment < TAD)
Payment of last months MAD of Rs.10000 is made on 18th May.
Interest calculations:
Interest Rate = 3.1% pm = 3.1%*12/365 per day = 0.1019% per day
TAD = Opening balance + Current Month Purchases+ Interest & Fees – Payments
Rs.10876.49 =Rs. 20000 + 0 + Rs.876.49 – Rs.10000
MAD = 5% of TAD
Rs.543.82 = 5% of 10876.49
Interest will be charged on Rs.20000 till the part payment date and interest would be charged on the remaining amount i.e.Rs.10000 till the time cash balance is settled in customer’s account.
Please note that the per day interest rate in the above calculation is for illustration purpose only and the actual applicable rate shall be as prevailing and quoted in the schedule of charges.
Is there any interest free period on Retail transactions?
Yes, you also enjoy a interest free period on your retail transactions for up to 48 days.
When do you charge me a Mark Up?
A Mark up is charged to the tune of 3.5% every time you do an international transaction. Cash and Retail transactions will both attract a Mark up.
When do you charge me an over limit charge?
If your transactions cross 100% of your credit limit, you will be charged a flat over limit fee of Rs 500 in each billing cycle that you are over limit.
When do you charge me a late payment fee?
If in a billing cycle your payment received till the payment due date is lesser than MAD it will attract a flat late payment charge of Rs 550 in the next billing cycle.
Am I entitled for an Add-on Card?
Yes, Add-on Cards are available on Fortune Gold Card for a one time fee of Rs 299 per card.
Are all the Fortune features available on the Add-on Card?
Yes, all Fortune features are available for the Add-on card holder except the following:
Cash Withdrawal – at branch
Demand Draft – online
Demand Draft – on call
Is there a rewards program on Fortune Gold Card?
There is currently no rewards program on the Fortune Gold Card.
How is it different from the regular service of cash withdrawal at the ATMs?
Kotak not only gives access to its own network of more than 300 ATMs but also gives you the benefit of withdrawing from any other VISA ATM at absolutely no extra charge. You just have to pay a cash withdrawal fee of Rs. 199 per Rs. 10,000 or part thereof.
What is the cash withdrawal fee?
Cash withdrawal fee refers to the charge which is levied every time you withdraw cash from an ATM. Only Kotak Fortune Gold Card charges a minimal Rs 199 per Rs 10,000 withdrawn at any ATM – Kotak or any other VISA ATM.
What is the maximum that I can withdraw at the ATM?
You can withdraw a maximum of Rs. 25000 per day – ATM withdrawal, Cash withdrawal at Branch & Funds transfer – all combined together.
How is it different from the regular service of cash withdrawal at the ATMs?
Cash withdrawal at an ATM is only possible if you remember your Credit Card PIN, incase you have forgotten the same please walk into our Kotak Mahindra Bank branch and withdraw cash from your credit card by producing relevant ID Proofs.
How do I avail this service?
The customer can avail of the service by walking into the branch, going to a teller’s counter and providing the teller with his Kotak credit card and his Photo ID proof.
What are the ID proofs that can be accepted for the same?
The following can be used – Driving License, Passport, PAN card, Voters ID.
Is there a registration required?
No there is no need for a registration. Just walk into any of the Kotak Mahindra Bank branches to avail the facility.
What is the maximum that I can withdraw at the branch through my credit card?
You can withdraw a maximum of Rs. 25000 per day – ATM withdrawal, Cash withdrawal at Branch & Funds transfer – all combined together.
In addition to cash withdrawal fee is there any other service fee for branch withdrawal?
There is no other fee which is applicable apart from the cash withdrawal fee. Only a cash withdrawal fee of Rs.199 per Rs.10000 as is applicable for an ATM withdrawal which will be charged to your credit card account.
How do I transfer the funds online?
The customer using his Kotak Credit Card can transfer funds into any of his existing Kotak Mahindra Bank accounts. Just walk in to a branch with your credit card and a valid identity proof and ask for a fund transfer into your account.
Do I need to register for the same?
No, customer does not need to register for the same.
How much time it will take for the funds to get transferred into my account?
Once you have placed your request, it will take minimum 36 hrs for the transfer to take place.
When can I issue cheques from my account after the transfer?
You can issues cheques / instructions for payment as soon as the funds get transferred into your account.
Do I have to pay anything to use this service?
No, this service comes to you at no extra charge. Only a cash withdrawal fee of Rs 199 per Rs 10000 as is applicable for an ATM withdrawal which will be charged to your credit card account.
What is the maximum that I can transfer at the branch through my credit card?
You can withdraw a maximum of Rs. 25000 per day – ATM withdrawal, Cash withdrawal at Branch & Funds transfer – all combined together.
How do I transfer the funds online?
You need to log on to on www.KotakCards.com using your username and password. Just move to the funds transfer option and follow the simple instructions given online to transfer the funds into any of your existing Kotak Mahindra Bank accounts.
How much time it will take for the funds to get transferred into my account?
Once you have placed your request, it will take minimum 36 hrs for the transfer to take place.
Is it possible without having applied for Internet banking password?
No customer requires to log in with Username and Password for fund transfer.
Can I transfer funds into another Kotak Mahindra Bank account / credit card account but which is not owned by me?
No, the transfer can happen only into your account.
What is the maximum that I can transfer online through my credit card?
You can withdraw a maximum of Rs. 25000 per day – ATM withdrawal, Cash withdrawal at Branch & Funds transfer – all combined together.
How do I get the draft made?
Just call our customer care service request for a demand draft. You can also log on to www.KotakCards.com and follow the simple instructions given online to request for a draft.
Can the DD be delivered at the beneficiary’s address given by the card holder?
No the delivery can happen only at the customers registered address.
What is the maximum value of the draft that I can get?
The maximum value for which you can get a draft is your available cash balance as at the time of placing the request.
Can I get a draft in a third party name?
No, the draft will only be made in the card holder’s name.
Where is the waiver valid?
Most credit card companies have tie-ups with only a select oil companies and hence the waiver is valid only at select petrol pumps, but Kotak Fortune Card will offer the customer fuel surcharge waiver across all domestic petrol pumps.
What is the minimum/ maximum transaction amount for a single swipe?
The minimum is Rs 400 and the maximum is Rs 4000.
What is the maximum fuel surcharge waiver that I can get on a single transaction?
The maximum transaction amount for a single swipe is Rs 4000. Hence the maximum surcharge waiver can be Rs 100 (2.5% of Rs 4000).
Is there any monthly or annual cap on how much surcharge can I earn?
Maximum Fuel surcharge waiver allowed in a calendar year is Rs.4500
When is the waiver applicable?
On purchasing of rail tickets online the customer levied a 1.8% surcharge. Kotak Gold Card offers you a Railway Surcharge Waiver on this.
Is the waiver applicable on the delivery charge?
No. There is no waiver applicable on the delivery charge.
What is the maximum surcharge waiver that I can get?
You can earn up to Rs 500 annually as Railway Surcharge waiver.
Is the waiver applicable at the ticket booking counters?
Yes, the 2.5% surcharge waiver is applicable at booking counters as well if you use your Kotak Gold Card to buy the tickets.
Is there a special service offered while canceling the tickets?
No there is no special service offered. The surcharge will be automatically reversed if you cancel the tickets.