Kotak Bank Corporate Wealth Signature Credit Card | Fees, Details

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Kotak Bank Corporate Wealth Signature Credit Card

Eligibility Criteria for Kotak Corporate Wealth Signature Credit Card

  • Working professionals are eligible to apply for Kotak Bank Corporate Wealth Signature Credit Card
  • Should be a resident of India
  • You should be in the age bracket of 21 years to 65 years.
  • The add-on cardholder has to be 18 years of age and above.

Fees and Charges of the Kotak Bank Corporate Wealth Signature Credit Card

Fee & other Parameters Corporate Signature
Joining Fees Nil
Annual Fees Nil
Condition for waiver of Annual Fees – First Year NA
Condition for waiver of Annual Fees – Second Year NA
Addon Card Fees NA
Interest Charges on outstanding Balances 3.10% (Annualized 37.2%)
Minimum Amount Due (MAD) (It will reflect in the statement in a column of the minimum amount due) MAD can be 5% or 10% of TAD as decided by the Bank
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof NA
Late Payment Charges (“LPC”) Rs. 100 for statement o/s less than or equal to Rs. 500.
Rs. 500 for statement o/s between Rs. 500.01 to Rs. 10,000.
Rs. 700 for statement o/s greater than Rs. 10,000)
Over Limit Charge Rs. 500
Cheque Bounce Charges Rs. 500
Foreign Currency Mark Up 3.5%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)* Waived
Fuel Surcharge (1% on the transaction)** Waived
Fee for Cash payment at Bank Rs. 100
Outstation Cheque Processing Fee Waived
Reissue/ Replacement Card (per issuance) Waived
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

Documents Required to Apply for the Kotak Bank Corporate Wealth Signature Credit Card

Income proof (For self-employed)

  • Recent ITR (Income Tax Returns)
  • Audited profit and loss statement or balance sheet

Address proof (anyone)

  • Passport
  • 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
  • Passport
  • Driving license
  • Aadhaar card

How to Apply for Kotak Bank Corporate Wealth Signature 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 Corporate Wealth Signature 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.

Also Read:List of Bank of Baroda Credit Cards | Apply, Eligibility, Interest Rate

Benefits of the Kotak Corporate Wealth Signature Credit Card

This corporate credit card accompanies the accompanying features:

Reward Points and Easy Redemption-The Corporate Credit Card given by Kotak offers reward points for all business-related exchanges. The clients can reclaim their reward points quarterly and a money return will be included in their next statement cycle.

The simplicity of Usage-The representatives can make bother free-spending through the credit card. Be it a business meeting, gathering, affiliation meets, or some other business-related gatherings, the card can be utilized all over. As it is a corporate-risk credit card, the client need not stress over the late payment charge or the outstanding contribution; the association will be liable for clearing the duty.

Higher Earnings-Customers can bring in money back when they make exchanges through their corporate card.

Fuel Surcharge Waiver–Users are qualified for this waiver just in the event that they make an exchange between Rs. 500 and Rs. 3,000. A waiver of a limit of Rs. 3,500 each scheduled year is permitted.

Admittance to Airport Lounges-By utilizing the VISA Airport Lounge offers, cardholders can get to the lounges of homegrown air terminals, twice a quarter.

Expansion to the Company’s Potential-This credit card helps plan and reserve funds together with the advantage of the diminished expense of the organization raised power over expenses, and other checked expense designs.

Rail route Surcharge Waiver-If you make exchanges through www.irctc.co.in or from the booking counters of Indian Railways, then you can acquire rail route surcharge waivers. A limit of Rs. 500 is permitted every year as a waiver.

Management of Expenses-The customers can keep a spending plan of their expenses according to the seller based following of the workers. Utilizing the Kotak Visa Intellilink, they can follow the expenses of each worker of their organization utilizing the measurable information.

Other Benefits-Some different advantages of the card incorporate the accompanying:

• It dispenses with the bother of conveying cash

• One can use the Kotak Corporate Wealth Signature Credit Card all over the world

• Enjoy a sans interest period stretching out as long as 48 days

• Distribute your absolute expense limit among your workers

• Receive real-time alerts through SMS and messages for each exchange

• Pay just a single time for the entirety of the corporate cards of all representatives

• Customize your corporate credit card according to the name of your organization

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:

1. Visit the official website of the bank.

2. Select the alternative ‘explore products’ and snap on the dropdown menu.

3. Pick the choice ‘cards’ and select ‘credit card administrations’.

4. Look down till you discover the choice ‘application status’.

5. Click on ‘know more’, which will divert you to the page ‘check your card application status’.

6. Pick ‘select product’ and hit on the ‘credit card’ button.

7. 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

1. Do I get any reward points on my buy made utilizing this card?

Indeed, you will procure up to 30 paise for each Rs.100 charged to Kotak Corporate Wealth Signature Credit Card.

2. Can I apply for an extra card?

No, strengthening credit cards are at present not accommodated Kotak Corporate Wealth Signature Credit Card.

3. Do I need to utilize Kotak Corporate Wealth Signature Credit Card for official purposes as it were?

This card is uniquely intended for corporate expenses. Contingent upon the approach that your organization has profited, you can utilize this card for individual purposes moreover. Notwithstanding, the combined bill will incorporate your own spends additionally and must be settled by your organization.

4. How long will it take for Kotak Mahindra Bank to handle my application for corporate credit cards?

It will take a time of somewhere around 15 days to handle your application after we have accepted your archives and application.

5. What will occur on the off chance that I cross my credit limit?

On the off chance that you attempt to make an exchange that surpasses your credit limit, the exchange will be declined. You can contact Kotak Bank to modify your credit limit if fundamental.

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