The Corporate Wealth Signature credit card offered by the Kotak Mahindra Bank is specifically designed for corporate expenses. This credit card eases accounting, budgeting, and forecasting of employee expense patterns. It enhances expense management processes while providing significant spending power to the company. Read on to know more about it.
The fees and charges of the Kotak Corporate Wealth Signature Credit Card are as listed below:
Fee/Charge | Amount/Rate |
Joining Fee | Nil |
Annual Fee | Nil |
Interest charged on Outstanding Balance | 3.10% on the outstanding amount. |
Over Limit Charges | Rs. 500 for amount exceeding the credit limit on the card. |
Cheque Bounce Charges | Rs. 500 |
Foreign Currency Mark up | 3.5% |
Cash Payment Fee | Rs. 100 |
Credit Information Report(CIBIL) copy | Rs. 50 |
Late Payment Fee | Rs. 100 for amount up to Rs. 500Rs. 500 for amount between Rs. 500.01 and Rs. 10,000Rs. 700 for amount above Rs. 10,000 |
Interest Charges per month on revolving credit | 3.10% |
Transaction Fees on utility bills | 0.7% to 1.1% |
The eligibility criteria to apply for the Kotak Corporate Wealth Signature Credit Card are as listed below:
The documents required to apply for the Kotak Corporate Wealth Signature Credit Card are as listed below:
Follow the steps given below to apply for the Kotak Corporate Wealth Signature Credit Card:
To apply for the Kotak Corporate Wealth Signature Credit Card, follow these steps:
Step 1: Visit the official Kotak Mahindra Bank website and navigate to the credit cards section.
Step 2: Choose the Corporate Wealth Signature card from the list of available cards.
Step 3: Complete the online application form with the necessary details such as personal and business information.
Step 4: Upload the required documents, which may include identity proof, address proof, business details, and financial statements.
Step 5: Review the details and submit your application for processing.
Step 6: You may be contacted by a Kotak representative for additional information or to verify your application status.
Alternatively, you can visit the nearest Kotak Mahindra Bank branch or contact customer service for assistance in applying.
Yes, you will earn up to 30 paise for every Rs.100 billed to Kotak Corporate Wealth Signature Credit Card.
No, supplementary credit cards are currently not provided for Kotak Corporate Wealth Signature Credit Card.
This card is specially designed for corporate expenses. Depending on the policy that your company has availed, you can use this card for personal purposes also. However, the consolidated bill will include your personal spends also and have to be settled by your company.
It will take at least 15 days to process your application after we have received your documents and application.
If you try to make a transaction that exceeds your credit limit, the transaction will be declined. You can contact Kotak Bank to revise your credit limit if necessary.
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