- 1 Fees and Charges of the Kotak Best Price Credit Card
- 2 Documents Required to Apply for the Kotak Best Price Credit Card
Eligibility Criteria for Kotak Best Price Credit Card
- Should be a resident of India.
- Applicants can be self-employed, a retailer, or a dealer who can purchase materials in bulk.
Fees and Charges of the Kotak Best Price Credit Card
|Fee & other Parameters||Bestprice||BestPrice-Premium|
|Annual Fees||Nil||Rs. 999|
|Condition for waiver of Annual Fees – First Year||NA||NA|
|Condition for waiver of Annual Fees – Second Year||NA||NA|
|Addon card Fees||Nil||Nil|
|Interest Charges on outstanding Balances||3.40% (Annualized 40.8%)||1.5% (Annualized 18.0%)|
|Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)||NA||NA|
|ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof||NA||NA|
|Late Payment Charges (“LPC”)***||NA||NA|
|Over Limit Charge||NA||NA|
|Cheque Bounce Charges||Rs. 500||Rs. 500|
|Foreign Currency Mark Up||NA||NA|
|Railway Booking Surcharge ( on transaction amount)*||NA||NA|
|Fee for Cash payment at Bank||Rs. 100||Rs. 100|
|Outstation Cheque Processing Fee||Waived||Waived|
|Reissue/ Replacement Card (per issunace)||Waived||Waived|
|Charge Slip Request||Waived||Waived|
|Machine Surcharge at ATMs||NA||NA|
|Balance Enquiry Charges at Non Parent Bank ATM||NA||NA|
|Duplicate Statement Request||Waived||Waived|
|Web Pay Service Fee||NA||NA|
Documents Required to Apply for the Kotak Best Price Credit Card
Income proof (For self-employed)
- Recent ITR (Income Tax Returns)
- Audited profit and loss statement or balance sheet
Address proof (anyone)
- Telephone bill
- Aadhaar card
- Electricity bill
- Rental agreement
- Ration card
Income proof (For salaried)
- Recent salary slips
- Salary certificate
- Employment letter
Proof of Identity (anyone)
- Voter’s ID card
- Ration Card
- PAN Card
- Driving license
- Aadhaar card
How to Apply for Kotak Best Price Credit Card?
Assuming you need to get this card, you can visit the closest Kotak Mahindra Bank office or apply on the web. Here’s how you can apply on the web:
• Just visit the official website of Kotak Mahindra Bank.
• Go to the credit card area and discover the Best Price Credit Card.
• Click on ‘Apply Now’ and enter the necessary subtleties.
• If qualified, you can fill the nitty-gritty application structure.
A representative from the bank will call you about the report assortment. When you present the records, the bank will check the reports and approve the data given by you. In the case everything goes right, you will get the card within 7-10 workdays.
Benefits of using Kotak Best Price Credit Card
Some of the important features and benefits of the card which make it an ideal choice for wholesalers are:
- Interest-free two-week credit period Kotak Best Price Credit Card comes with the advantage of opting for a fortnightly Credit Cycle that refreshes on every commercial transaction.
- No Fees – Kotak Mahindra does not charge any amount as a joining fee and you can enjoy this card for free.
- Complimentary add-on cards Kotak Mahindra gives you two additional cards along with the Best Price Card. These cards can be used by your organizations’ staff members every time they shop at the Best Price Modern Wholesale store. Kotak Mahindra also allows you to set the spending limit on your supplementary cards as per requirement. Each add-on card comes with the facility where you can track spends separately.
- Anytime account view Best Price cardholders can view and manage their account via internet banking making it simple and hassle-free.
- In-store assistance You can contact the financial services help desk where your Financial Associate will guide you on your requirements.
HOW TO CHECK YOUR KOTAK CREDIT CARD APPLICATION STATUS ONLINE
At the point when you apply for a credit card with Kotak Mahindra, the bank sends you an SMS. The SMS acknowledges your credit card application and gives both of you things: an interesting reference and the application structure number. Kotak Bank’s website permits you to check your credit card application status utilizing these particulars. The whole cycle is without bothering and simple. Follow these straightforward advances and you are through:
- Visit the official website of the bank.
- Select the alternative ‘explore products’ and snap on the dropdown menu.
- Pick the choice ‘cards’ and select ‘credit card administrations’.
- Look down till you discover the choice ‘application status’.
- Click on ‘know more’, which will divert you to the page ‘check your card application status’.
- Pick ‘select product’ and hit on the ‘credit card’ button.
- Punch in your unique reference number or the application structure number and snap the ‘check status’ choice.
Customer Care Number
Customer Contact Center 1860 266 2666 (nearby call rates apply).
FAQs On Kotak Bank Best Price Credit Card:
How might I apply for Kotak Mahindra Best Price cards?
To apply at a Best Cost Card, you can contact their monetary partner at the monetary administration’s helpdesk situated at the closest Kotak Mahindra Branch.
Is there a prizes program that I can profit from on the Best Price Cards by Kotak Mahindra?
No, Kotak Mahindra Best Price Cards don’t accompany any prizes program as the fundamental motivation behind the card is to give credit to business-related buys.
Will I be qualified for loans on Kotak Mahindra Best Price Cards?
No, this component is as of now not accessible. Nonetheless, Kotak Mahindra plans to offer this to a select gathering of Kotak Best Price Cardholders dependent on payment conduct, spends-conduct, and credit usage.
What number of variations of the Kotak Mahindra Best Price Card are accessible with the bank?
The bank offers two sorts of Best Price cards, they are:
- Kotak Best Price Business Card
- Kotak Best Price Business Card Corporate (For associations and foundations)
Would I be able to utilize my Kotak Mahindra Best Price card at other stores separated from Best Price stores?
No, the card is for selective use in Best Price stores as it were.