Managing your business expenses has never been easier with the Kotak Biz Credit Card. This card is designed to provide you with convenience and rewards, all while helping you maintain control over your financial matters. As you dive into the world of this credit card, you’ll discover a host of features and benefits that cater to your business needs.
UNLOCKING THE POWER OF KOTAK BIZ CREDIT CARD FEATURES
The Kotak Biz Credit Card is your gateway to a world of rewards and discounts. Every time you use this card at partner merchant outlets, you’re set to enjoy exclusive discounts and earn valuable reward points. The journey begins with a modest joining fee of just Rs. 299.
EARN REWARD POINTS ON DIVERSE SPENDING CATEGORIES
Your spending habits become more rewarding with the Kotak Biz Credit Card. On eligible spending categories such as Travel and Tour Operators, Domestic Airlines, Direct Marketing/Advertising services, Supermarkets, Hotels, Motels, Resorts, and Best Price Online Wholesale Market Shopping & Makemytrip MyBIZ transactions, you’ll earn 4 reward points for every Rs. 100 spent. For all other purchases, you’ll still be earning at a rate of 1 reward point for every Rs. 100 spent.
TRAVEL WITH ADDED COMFORT AND PERKS
For the avid traveler in you, the Kotak Biz Credit Card offers exceptional perks. The primary cardholder gains complimentary access to Visaaffiliated lounges at Indian airports, once per calendar quarter. These lounges offer a premium experience, including gourmet meals, comfortable seating, widescreen TVs, newspapers, magazines, and complimentary WiFi.
SAVINGS ON FUEL AND RAILWAY SURCHARGES
Say goodbye to unnecessary expenses with the Kotak Biz Credit Card. When you make fuel transactions ranging from Rs. 500 to Rs. 3000, you’ll have the 1% surcharge waived, with a maximum annual waiver of Rs. 2500. Additionally, booking railway tickets through www.irtc.co.in saves you 1.8%, while transactions at Indian Railways Booking Counters offer a 2.5% saving, with a maximum annual waiver of Rs. 500.
ENHANCED SECURITY MEASURES FOR YOUR PEACE OF MIND
Security takes center stage with the Kotak Biz Credit Card. The embedded EMV chip provides an additional layer of protection for your transactions. Adding to this, each transaction requires a 6digit PIN, offering heightened security against unauthorized use.
COMPREHENSIVE INSURANCE COVERAGE FOR TRAVELERS
Traveling becomes worry free with the Kotak Biz Credit Card’s comprehensive insurance coverage. You’re shielded against various risks, including lost card liability, counterfeit/skimming/phishing, and online fraud, with coverage up to Rs. 50,000. Furthermore, enjoy purchase protection up to Rs. 25,000, coverage for loss and delay of checked in baggage up to Rs. 10,000 each, as well as coverage for loss of passport, travel related documents, and missing connecting international flights during transit, each up to Rs. 10,000.
IMMEDIATE ACTION IN CASE OF LOSS OR SUSPICIOUS ACTIVITY
In the unfortunate event of card loss, theft, or suspicious transactions, swift action is crucial. Dial the Customer Contact Centre at 1860 266 2666 immediately to block the card and prevent misuse. Report the incident to the Insurance Company within 60 days to initiate the claims process.
UNLOCKING EXCLUSIVE BENEFITS THROUGH KOTAK BIZ CREDIT CARD ALLIANCE
Your business matters, and that’s why we’ve partnered with various service providers to offer exclusive benefits and discounts to Kotak Biz Credit cardholders. These partnerships aim to make your daily business expenses more rewarding and hassle free.
Clear Tax Partnership: Enjoy up to 25% discount on select advisory services with your Kotak Biz Credit card. Clear Tax’s financial advisory services become more affordable, saving you valuable resources.
Kotak Merchant Benefits: As a Kotak Biz Credit cardholder, you’re entitled to special discounted rates and rental rates when utilizing Kotak Point of Sale services. This translates to reduced expenses and increased business profitability.
Enhanced Rewards at Best Price Online Wholesale Market: Make your wholesale purchases at Best Price Online Wholesale Market with your Kotak Biz Credit card and earn accelerated reward points. Maximize your rewards on essential business expenses.
MakeMyTrip Biz Deal: Business travelers, rejoice! Our exclusive collaboration with MakeMyTrip ensures that when you book domestic hotels and flights using your Kotak Biz Credit card, you’ll not only save significantly but also access additional services to enhance your travel experience.
QUALIFYING FOR THE KOTAK BIZ CREDIT CARD
Are you eligible for this financial powerhouse? Let’s find out:
Who Can Apply: The Kotak Biz credit card is tailored for selfemployed individuals, proprietors, and partners of partnership firms.
Age Requirement: The primary cardholder must be between 21 and 65 years of age.
 Location: This credit card is available to applicants across India, regardless of their sourcing location for credit cards.
Minimum Income: Applicants should have a minimum Income Tax Return of Rs. 4.8 lakh or more per year.
Residency: Applicants must be residents of India to qualify for the Kotak Biz credit card.
UNDERSTANDING FEES AND CHARGES
While the Kotak Biz Credit Card brings immense value, it’s essential to be aware of the associated fees and charges:
 Joining Fees: A onetime fee of Rs. 299 is applicable upon card issuance.
Annual Fees: Maintain the card at an annual fee of Rs. 499.
Annual Fee Waiver  First and Second Year: No specific conditions for waiving the annual fee in the first and second years.
 Addon Card Fees: No charges for additional cards.
 Interest Charges on Outstanding Balances: 3.50% per year (equivalent to 42% when annualized).
 Minimum Amount Due: The Bank decides whether it’s 5% or 10% of the Total Amount Due.
 ATM Cash Withdrawal/ Call a Draft/ Fund Transfer/ Cash Advance: Rs. 300 for every Rs. 10,000 or part thereof.
Late Payment Charges: Ranging from Rs. 100 to Rs. 700, depending on the outstanding statement amount.
Over Limit Charge: Rs. 500 if you exceed your credit limit.
Cheque Bounce Charges: Rs. 500 if a check payment bounces.
Foreign Currency Mark Up: 3.5% on foreign currency transactions.
Railway Booking Surcharge: Applicable for railway ticket bookings.
 Fuel Surcharge: A charge on fuel purchases.
 Fee for Cash Payment at Bank: Rs. 100 for cash bill payment.
 Outstation Cheque Processing Fee: No charge.
 Reissue/ Replacement Card: Rs. 100 for issuing a new card.
 Charge Slip Request: No charge for transaction slip requests.
 Machine Surcharge at ATMs: No charge.
 Balance Enquiry Charges at NonParent Bank ATM: No charge.
 Duplicate Statement Request: No charge for duplicate statement requests.
 Web Pay Service Fee: No charge for using web payment services.
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FAQs
The Kotak Biz credit card is tailored to cater to the needs of self-employed individuals, proprietors, and partners of partnership firms. The Kotak Biz credit card is a VISA Platinum card. Yes, the Kotak Biz credit card is valid internationally. Yes, you enjoy an interest free period on retail transactions of up to 48 days.Whom has the Kotak Biz credit card been designed for?
What type of card is Kotak Biz credit card?
Is this card valid internationally?
Do I enjoy any interest free period on retail?
CONCLUSION
In this article we provided full information related to The Kotak Biz Credit Card. For more information you can visit official website. You can comment below.
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