Kotak Bank Corporate Gold Credit Card

The Kotak Corporate Gold Credit Card stands out as a universally recognized credit card exclusively crafted for corporate use. Tailored to meet the specific needs of businesses, this credit card offers distinctive services like streamlined expense management, consolidated statements and payments, leading to increased savings, and an enhanced reward points system. Its uniqueness lies in its user-friendly interface, transparent fee structure, and the provision of personalized benefits and privileges tailored to cater to the individual requirements of customers.

Key Highlights of Kotak Corporate Gold Credit Card

  1. Two variants present, with one offering a lifetime free option.
  2. Exclusive reward points earned on every transaction.
  3. Simple redemption process for reward points through customer care.
  4. Employers can monitor the spending habits of their staff.
  5. Enjoy a 1% fuel surcharge waiver.
  6. Convenience for employers with consolidated payment options.

Features and Benefits of Kotak Corporate Gold Credit Card

The Kotak Bank Corporate Gold Credit Card offers several features and benefits:

Features of Kotak Corporate Gold Card:

1. Quick Reward Redemption: Redeem reward points swiftly through customer service assistance.

2. Quarterly Redemption Option: Quarterly redemption of reward points is available.

3. Cash Rebate via Demand Draft: Receive cash rebate in the form of a demand draft.

4. Fuel Surcharge Waiver: Enjoy a 2.5% fuel surcharge waiver at all Indian petrol pumps for transactions between Rs. 500 to Rs. 3000, capped at Rs. 3500 annually.

5. Convenient Employee Payment System:

  • Experience convenience with a single payment system for all employee cards.
  • Employers handle all expenses, receiving monthly statements for reference.

6. Thorough Expense Management: Benefit from comprehensive expense management with vendor-based tracking of employee spends.

7. Statistical Data for Expense Analysis: Access statistical data for quick analysis of expenses.

8. Dedicated Service Manager:

  • Each corporate card member is assigned a dedicated service manager.
  • Easy access to card details, limits, and assistance in case of loss/theft.

9. Program Administrator Support:

  • A Program Administrator serves as a liaison between the Bank and the Company.
  • Handles queries related to total due, payment due date, lost or damaged cards, etc.

Benefits of Kotak Corporate Gold Card:

1. Employer-Paid Expenses: Employees can use the corporate card, and the company covers the due amount.

2. Expense Monitoring and Control: Companies can monitor and control expenses made by employees.

3. Budgeting and Savings Opportunities: Provides more avenues for improving budgeting and savings.

4. Cost-Efficiency: Helps lower company costs and achieve cost-efficiency.

5. Interest-Free Credit Period: Enjoy an interest-free credit period for up to 48 days.

6. Flexible Credit Limit Assignment: Corporates can finalize credit limits for their employees, with each company having one overall limit.

7. Transaction Alerts: Receive free SMS and email alerts for all transactions.

Kotak Corporate Gold Credit Card Fees and Charges

Explore the fee structure for the Kotak Bank Corporate Gold Credit Card and discover the financial advantages that come with it.

  1. The Kotak Corporate Gold Credit Card’s basic variant has no joining fee or annual fee, while the Classic variant incurs an annual fee of Rs. 1,000.
  2. The credit card carries an interest rate of 3.3% per month.
  3. For transactions in foreign currency, the Kotak Corporate Gold Card imposes a markup fee of 3.5% on the total amount.
  4. There is no cash advance fee associated with the Kotak Bank Corporate Gold Credit Card.

Eligibility Criteria for Kotak Corporate Gold Credit Card

Here are essential criteria for applying for an Kotak Bank Corporate Gold Credit Card:

  1. Applicants must be at least 21 years old.
  2. Eligible candidates should operate a business with a reasonable income.
  3. The income criteria for the Classic variant may be higher than that for the basic variant.
  4. The credit score of either the applicant or the business may be taken into account during the evaluation process.

Documents Required for Kotak Corporate Gold Credit Card

To apply for the Kotak Bank Corporate Gold Credit Card, you will typically need to provide the following documents:

1. Identity Proof Options:

  • PAN Card
  • Aadhar Card
  • Driving License
  • Voter’s ID
  • Passport

2. Address Proof Options:

  • Aadhar Card
  • Latest utility bills for both office and residence
  • Voter’s ID
  • Passport

3. Additional Documents Requirements:

  • Business registration certificate
  • Latest audited Income Tax Return (ITR)
  • Passport-sized photograph

How To Apply for Kotak Corporate Gold Credit Card?

Follow these steps to apply for the Kotak Bank Corporate Gold Credit Card:

  1. Go to the official website of Kotak Bank.
  2. Navigate to the ‘Explore Products’ section.
  3. Choose the credit cards category.
  4. Locate and select the Kotak Bank Corporate Gold Credit Card.
  5. You’ll be directed to the Corporate Gold Credit Card page.
  6. Click on the ‘Apply Now’ button.
  7. Progress by entering the necessary information.

Frequently Asked Questions (FAQs) –

Q1: What is the Kotak Corporate Gold Credit Card?

A1: The Kotak Bank Corporate Gold Credit Card is a credit card tailored for corporate clients, offering various benefits and features designed to meet the financial needs of businesses.

Q2: What benefits does the Kotak Bank Corporate Gold Credit Card provide?

A2: The card comes with perks such as exclusive corporate rewards, travel benefits, expense management tools, and flexible credit options to enhance the financial efficiency of corporate entities.

Q3: How can I apply for the Kotak Bank Corporate Gold Credit Card?

A3: To apply for the card, visit the Kotak Bank official website, navigate to the ‘Explore Products’ section, choose credit cards, find the Corporate Gold Credit Card, and click on ‘Apply Now.’ Fill in the required details to proceed.

Q4: What eligibility criteria do I need to meet for the Corporate Gold Credit Card?

A4: Eligibility criteria may include factors such as income, business type, and credit score. It is recommended to check the specific requirements on the official Kotak Bank website or contact the bank directly.

Q5: What are the annual fees associated with the Kotak Bank Corporate Gold Credit Card?

A5: The annual fees and charges for the Corporate Gold Credit Card may vary. Refer to the terms and conditions on the official website or contact Kotak Bank’s customer service for the most accurate and up-to-date information.

Q6: Can I track my corporate expenses using the Kotak Bank Corporate Gold Credit Card?

A6: Yes, the card often comes with expense management tools that allow you to track and manage corporate expenses efficiently, providing detailed insights for better financial control.

Q7: What security features are provided with the Kotak Bank Corporate Gold Credit Card?

A7: The Corporate Gold Credit Card typically includes security features such as secure online transactions, chip technology, and fraud protection measures to ensure the safety of corporate transactions.

Q8: How can I contact Kotak Bank for queries related to the Corporate Gold Credit Card?

A8: For any inquiries or assistance regarding the Corporate Gold Credit Card, you can contact Kotak Bank’s customer service through their official website or visit the nearest branch. Contact details are usually available on the official website.

Q9: Can I customize spending limits on the Kotak Bank Corporate Gold Credit Card?

A9: Corporate clients may have the option to customize spending limits based on their business requirements. Check with Kotak Bank for specific details and customization options.

Q10: Are there any special offers or partnerships associated with the Kotak Bank Corporate Gold Credit Card?

A10: Kotak Bank may offer exclusive deals, partnerships, or rewards programs for Corporate Gold Credit Card users. Stay updated by checking the bank’s official communications or contacting customer service for the latest information.