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KMB launches credit card for women

kmb10marchKotak Mahindra Bank has launched Kotak Silk Inspire, a credit card designed exclusively for women including homemakers, salaried and business women. The bank said the credit card can be availed without any income documents against a fixed deposit. The card is also bundled with several benefits such as free PVR movie tickets, 5% savings on apparel spends, fuel surcharge waiver, Silk Inspire Shield for protection against card misuse, among others.

Customers will get 4 free PVR tickets or 1000 reward points on spends of Rs 125,000 every 6 months. They can earn 5 reward points for every Rs 100 purchase on apparels and 1 reward point for every Rs 200 purchase on other categories. These can be redeemed for host of benefits like movie tickets, air miles and cash, as well as across 10,000 types of merchandise and mobile recharge. The design of Kotak Silk Inspire is a work of art from Bharti Dayal, an exceptional painter from Mithila, the bank said. The bank’s consumer banking president Shanti Ekambaram said the bank sees a growing number of successful women professionals and entrepreneurs contributing to the household and national income. Even as homemakers, the role of women in making key decisions is gaining prominence. Their needs are evolving with time and Kotak Silk Inspire Platinum Credit Card meets their lifestyle requirements, she said.

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