Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Kotak Biz Credit Card

    With the Kotak Biz Credit Card, you can get discounts and earn reward points every time you swipe the card at partner merchant outlets. The joining fee for the credit card is Rs.299.

    Key Highlights of the Kotak Biz Credit Card

    • You earn 1 reward point for every Rs.100 that you spend on other categories.
    • Get a 1% waiver on your fuel surcharge.
    • You get 1 airport visit every calendar quarter to Visa lounges in India airports.
    • You get a railway surcharge waiver of 1.8% when you book railway tickets via www.irtc.co.in.
    • You get offers on domestic hotel bookings and flight tickets via MakeMyTrip

    Features and Benefits of the Kotak Biz Credit Card

    Rewards benefits:

    • You get 4 reward points every time you spend Rs.100 on the following categories:
      • Travel and tour operators
      • Domestic flight tickets
      • Direct marketing
      • Advertising services
      • Supermarket
      • Lodging at hotels, motels, resorts
      • Wholesale market shopping
      • MakeMyTrip MyBIZ transactions
    • You earn 1 reward point for every Rs.100 that you spend on other categories.

    Fuel benefits:

    • Get a 1% waiver on your fuel surcharge.
    • You can avail the benefit if your transaction is between Rs.500 and Rs.3,000.
    • The maximum fuel surcharge waiver you can get is Rs.2,500 per calendar year.

    Railway surcharge benefits:

    • You get a railway surcharge waiver of 1.8% when you book railway tickets via www.irtc.co.in
    • Get a surcharge waiver of 2.5% for all transactions made at Indian Railways Booking Counters.
    • The maximum waiver you can get is Rs.500 in every calendar year.

    Airport and lounge benefits:

    • You get 1 airport visit every calendar quarter to Visa lounges in India airports.
    • This is available for the primary cardholder.
    • You get benefits like comfortable seating, gourmet meal, newspaper, magazines, free Wi-Fi, and widescreen TVs.

    Alliance benefits:

    • Clear Tax:
      • You get a discount of up to 25% on Select Advisory Service.
    • Kotak Merchant:
      • You get Preferential Merchant discounts at Kotak Point of Sale
    • Best Price Online Wholesale Market Shopping
      • You earn accelerated reward points.
    • MakeMyTrip (MMT) Biz offer:
      • You get offers on domestic hotel bookings and flight tickets.

    Insurance benefits:

    Comprehensive Insurance Sum Insured
    Personal Accident (Death) Rs.1,50,000
    Card Liability Cover Rs.50,000
    Purchase Protection Rs.25,000
    Personal Air Accident (Death) Rs.50,00,000
    Delay of Checked-in Baggage Rs.10,000
    Loss of Checked-in Baggage Rs.10,000
    Missing Connecting International Flight Rs.10,000
    Loss of Passport and other travel documents Rs.10,000

    Eligibility Criteria to Apply for Kotak Biz Credit Card

    • Self employed
    • Proprietors
    • Partners of partnership firms
    • You should be between 21 years and 65 years of age.
    • Your minimum Income Tax Return has to be Rs.4.8 lakh and more every year
    • You should be a resident of India

    Fees and Charges of Kotak Biz Credit Card

    Fee & other Parameters Biz Credit Card
    Joining Fees Rs.299
    Annual Fees Rs.499
    Condition for waiver of Annual Fees - First Year NIL
    Condition for waiver of Annual Fees - Second Year NIL
    Add on card NIL
    Interest Charges on outstanding Balances 3.50% (Annualised 42%)
    Minimum Amount Due (MAD) MAD -5% or 10% of TAD (decided by the Bank)
    ATM Cash Withdrawal Rs.300
    Late Payment Charges
    • Rs.100 for statement outstanding less than or equal to Rs.500
    • Rs.500 for statement outstanding between Rs.500.01 to Rs.10,000
    • Rs.700 for statement outstanding greater than Rs. 10,000
    Over Limit Charge Rs.500
    Cheque Bounce Charges Rs.500
    Railway Booking Surcharge Applicable
    Fuel Surcharge Applicable
    Fee for Cash payment at Bank Rs.100
    Outstation Cheque Processing Fee Waived
    Reissue/Replacement Card Rs.100
    Charge Slip Request Waived
    Machine Surcharge at ATMs Waived
    Balance Enquiry Charges at Non-Parent Bank ATM Waived
    Duplicate Statement Request Waived
    Web Pay Service Fee Waived

    FAQs on Kotak Biz Credit Card

    1. What do I do if I lose my credit card?

      You should call the Kotak Bank Credit Card Customer Care at 1860 266 2666 and deactivate or block your credit card.

    2. Are there any safety features on the credit card?

      Yes, the card is embedded with EMV Chip and there is a 6-digit PIN authentication.

    3. Is the GST applicable on transactions?

      Yes, GST/Applicable taxes will be charged according to the rates that are approved in the Finance Act every year.

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