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Kotak Mahindra Bank Corporate Gold Card

Kotak Mahindra Bank Corporate Gold Card

Last Updated : May 10, 2017, 7:57 p.m.

Kotak Mahindra Bank Corporate Gold Card is designed for corporate or business. The bank offers the convenience of online application, streamlined and efficient way to obtain the credit card. This Kotak credit card provides features that make tracking and handling business-related expenses straightforward, easing the burden of financial management.

Features of Kotak Mahindra Bank Corporate Gold Card

Here’s an explanation of the features of the Kotak Corporate Gold Card:

  • Easily redeem reward points: Simply contact our customer service team to redeem your accumulated reward points.
  • Flexible reward redemption: Redeem your reward points on a quarterly basis, offering you flexibility and convenience.
  • Cashback rebates: Receive cash rebates in the form of demand drafts, a straightforward way to maximize your rewards.
  • Fuel surcharge waiver: Enjoy a 2.5% fuel surcharge waiver at all Indian petrol pumps for purchases between Rs. 500 and Rs. 3000, capped at Rs. 3500 per calendar year.
  • Simplified expense management: Simplify your expense management process with a single payment option for all employee cards, handled conveniently by your employer. Monthly employee statements are provided for easy reference.
  • Vendor-based expense tracking: Efficiently manage expenses with vendor-based tracking of employee spends, providing clear insights into spending patterns.
  • Data-driven analysis: Access comprehensive statistical data for a quick and effective analysis of expenses, empowering informed decision-making.
  • Dedicated service manager: Each corporate card member is assigned a dedicated service manager, offering convenient access to card details, limits, and assistance in case of loss or theft.
  • Responsive program administrator: A Program Administrator acts as a liaison between the bank and the company, promptly addressing queries related to dues, payment dates, lost or damaged cards, and any other concerns.

Fees & Charges

Please note that government taxes (including service tax, GST, and any other applicable taxes) will be charged on all interest, fees, and other charges levied on your credit card.

FeeCorporate ClassicCorporate Basic
Joining FeeNilNil
Annual FeeRs. 1,000Nil
Interest on outstanding balances3.30% (Annualized 39.6%)3.30% (Annualized 39.6%)
Minimum amount due (MAD)0.20.2
Late payment chargesRs. 100 for statement outstanding less than or equal to Rs. 500Rs. 100 for statement outstanding less than or equal to Rs. 500
Rs. 500 for statement outstanding between Rs. 500.01 to Rs. 10,000Rs. 500 for statement outstanding between Rs. 500.01 to Rs. 10,000
Rs. 700 for statement outstanding greater than Rs. 10,000Rs. 700 for statement outstanding greater than Rs. 10,000
Cheque bounce chargesRs. 500Rs. 500
Foreign currency markup0.0350.035
Railway booking surchargeApplicableApplicable
Fuel surcharge (waived for transactions between Rs. 500 and Rs. 3,000, up to a maximum of Rs. 3,500 per year)WaivedApplicable
Fee for cash payment at bankRs. 100Rs. 100

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