Kotak Biz – Business Credit Card

Here are some of the most prominent benefits of this credit card:

1. Interesting Rewarding Schemes

• When you spend ₹100 in categories like Travel and Tour Operators, Domestic Airlines, Direct Marketing/Advertising Services, Supermarkets, and Lodging, along with MakeMyTrip MyBIZ transactions using the credit card, you'll receive 4 reward points.
• Moreover, every ₹100 spent on any other expenses will also earn you 1 reward point.

2. Enhanced Security

• The card provides enhanced security measures, including an embedded EMV chip for added protection and 6-digit PIN authentication for secure transactions.

3. Travel Convenience

• As a Primary Card member, you can relish the convenience of receiving 1 free entry to Visa-affiliated lounges at Indian airports for each calendar quarter. These lounges provide luxuries such as gourmet dining, cozy seating, large-screen TVs, reading materials, magazines, and complimentary Wi-Fi.

4. Customised Credit Limits

• The card offers customisable credit limits to align with your business needs, providing the financial flexibility required for your operations.

5. Savings on Fuel and Railway Charges

• You can enjoy the advantage of a 1% exemption on the fuel surcharge for transactions ranging from ₹500 to ₹3000, with the highest waiver amounting to ₹2500 per calendar year.
• Additionally, for transactions made at the official Indian Railways IRCTC website and Indian Railways Booking Counters, you can get pocket savings of 1.8% and 2.5% on railway surcharges, respectively, up to a maximum waiver of ₹500 within a calendar year.

6. Benefit From An All-Inclusive Insurance Program

• The respective credit card has a comprehensive insurance program covering various aspects of your financial security. From lost card liability to purchase protection and coverage for travel-related concerns like lost baggage and passport loss, the card offers peace of mind for unexpected situations.

The eligibility to apply for the Kotak Biz Credit Card is as follows:

Here's a detailed list of documents required to apply for the card:

•   Proof of Identity
•   Proof of Address
•   Proof of Income
•   Income Tax Returns (ITR) for the last two years
•   Salary Slips (if applicable)
•   Business/Professional Income Proof
•   Bank Statements showing regular income deposits
•   Business Proof (For Self-Employed/Proprietors/Partners)
•   Business Registration Certificate
•   Partnership Deed (if applicable)
•   GST Registration Certificate
•   Shop and Establishment Certificate
•   Passport-Size Photographs

Applying for the Kotak Business Credit Card is a straightforward process that can be completed in a few easy steps. Here's how:

Step 1: Begin by visiting the Kotak website and navigating to the credit card services section. To do this, click on the provided link (https://www.kotak.com/en/personal-banking/cards/credit-cards/credit-card-services.html), and then locate and click on the ‘Apply’ button.

Step 2: If you're an existing Kotak customer, proceed to provide either your Customer Reference Number, Mobile Number, or Email Address. This will help the system identify you.

Step 3: If you are new to Kotak, you will need to choose the purpose for which you're seeking the credit card and indicate your monthly income. This information will assist in tailoring the credit card options to your needs.

Step 4: After entering your customer information, you will then click on the Kotak Biz Credit Card option.

Step 5: Having chosen your desired credit card, you'll then be prompted to provide basic personal information. This could include your name, contact details, and employment information. You'll also need to attach any necessary documents supporting your application, such as identification, income proof, and business documents.

Step 6: Take a moment to review the information you've provided and the attached documents. Ensure that all the provided details are accurate and up-to-date. Once you're satisfied, you can submit your application. Finally, after receiving your application, the bank will examine it and approve you for the card.