Kotak Bank Corporate Gold Credit Card

1. Earn higher reward points
2. You can call the customer service desk to get your reward points redeemed easily
3. Enjoy full surcharge waiver all over India
4. The spending patterns of your employees can be monitored by you

Benefits of Kotak Corporate Gold Card

Simple Redemption Process

1. Points can be redeemed quarterly.
2. Cash rebates are provided via demand draft.

Fuel Surcharge Waiver

1. Waiver applicable on fuel purchases between Rs.500 to Rs.3,000.
2. Maximum waiver of ₹3,500 annually.

Convenience for Employees

1. No stress about late fees or outstanding dues.
2. Use the corporate card for expenses, and the company will handle payments.

Benefits for Companies

1. Greater control over employee spending.
2. Opportunities to save and improve budgeting.
3. Reduced operational costs.

Global Acceptance

1. Accepted at 10 million merchants worldwide.
2. Enables digital transactions for consumers, businesses, banks, and governments.

Interest-Free Credit

1. Enjoy up to 48 days of interest-free credit.
2. Like an overdraft on credit cards.

Customisable Spending Limits

1. The company sets an overall limit for the corporate card program.
2. Individual employee limits can vary based on hierarchy, position, or specific needs.

Flexible Business Spending

1. Use the Kotak Corporate Card for various business expenses, including exhibitions, conferences, meetings, sales events, receptions, and more.

Single Consolidated Payment

1. Only one payment is required for all employee cards.
2. Employees do not need to make individual payments; the employer handles it.

E-Statements

1. Monthly statements are provided via email for employees’ reference.
2. Environmentally friendly option with no paper waste.

Expense Management

1. Track vendor-specific spending by employees.
2. Easily manage and budget corporate expenses using card data.
3. Analyse individual employee spending patterns, including where and how much they spent.

Hassle-Free Spending

1. Eliminate the need for cash advances, as the company pays directly for employees' expenses.
2. No need to carry foreign currency.
3. Employees are not required to maintain receipts or travel vouchers.

Dedicated Service Manager

1. Personalized assistance for all corporate cardholders.
2. Quick resolution of card-related issues like card limits or lost/stolen cards.

Program Administrator

1. Acts as the liaison between Kotak and the company.
2. Handles queries about due dates, total dues, and card issues via a single point of contact.

Real-Time Alerts

1. Stay informed with free SMS and email alerts for all transactions.

Free Card Replacement

1. Damaged, lost, or stolen cards can be replaced without any extra fees, anytime.

Eligibility Criteria for Kotak Corporate Gold Card

Businesses, banks and Government are eligible to apply for a Corporate Gold Card.

Fees and Charges

Fee & other Parameters	Corporate Classic	Corporate Basic
Joining Fees	Nil	NIL
Annual Fees	Rs.1000	NIL
Waiver of Annual Fees - First Year condition	NA	NA
Waiver of Annual Fees - Second Year condition	NA	NA
Fees for Addon card	NA	NA
Interest Charges on outstanding Balances	3.30% (Annualized 39.6%)	3.30% (Annualized 39.6%)
Minimum Amount Due (MAD)	20%	20%
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof	NA	NA
Late Payment Charges	Rs. 100 for a statement or less than or equal to Rs.500.	Rs.100 for a statement or less than or equal to Rs.500.
Late Payment Charges	Rs.500 for statement o/s between Rs. 500.01 to Rs. 10,000.	Rs.500 for statement o/s between Rs. 500.01 to Rs. 10,000.
Late Payment Charges	Rs.700 for statement o/s greater than Rs. 10,000)	Rs.700 for statement o/s greater than Rs. 10,000)
Charges For Over Limit	NIL	NIL
Charges for Cheque Bounce	Rs.500	Rs.500
Foreign Currency Mark Up	3.5%	3.5%
Railway Booking Surcharge(As per Applicable Rate)	Applicable	Applicable
Fuel Surcharge (subject to a minimum of Rs.10) on transaction amount(As per Applicable Rate)	Waived	Applicable
Cash payment at Bank Fee	Rs.100	Rs.100
Outstation Cheque Processing Fee	Waived	Waived
Reissue/ Replacement Card (per issuance)	Waived	Waived
Charge Slip Request	Waived	Waived
Machine Surcharge at ATMs	Waived	Waived
Balance Enquiry Charges at Non-Parent Bank ATM	Waived	Waived
Duplicate Statement Request	Waived	Waived
Fee For Web Pay Service	Waived	Waived

Credit cards make payments easy for all expenses online and offline while offering various benefits

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FAQs on Kotak Bank Corporate Gold Credit Card

• Is there any charge for replacing a Corporate Gold Card?

  No. There is no additional charge levied on replacement of your Kotak Corporate Gold Card. The replacement is done free of cost anytime the request is placed with the customer care.

• How do I apply for a Kotak Corporate Gold Card?

  You can apply online through the official Kotak Mahindra Bank website or by mailing the customer care with relevant details and an executive will get in touch with you for further processing.

• What should I do if my credit card is lost or stolen?

  You should immediately inform the Kotak Bank Customer Contact Centre and report the incident and place a request for the replacement of the card. The Program Administrator can also be informed of the same via email.

• What are the over limit charges?

  Overlimit charges are not applicable since you can only make transactions within the credit limit on the card. Any transaction that exceeds this limit, is declined.

• Can I apply for an add-on card?

  No. Corporate Gold Card does not offer the option of an add-on card.

• From where can I obtain the application? Where do I send something similar?

  Please send an email to service.corporatecards@kotak.com with the information listed below, and a sales representative from the bank will respond.

• Must I only use this card to pay for business expenses?

  This card is intended only for official use. However, if your corporate has opted for the CORPORATE CARD OPTION, you may use this card for personal costs; this will rely only on their policies. This is especially true since any personal purchases made with a corporate card will also be included in the consolidated statement, and you and your employer will need to pay for those purchases.

• Does the card have an active cash withdrawal feature?

  The card's cash withdrawal capability is not in use.

• After I apply, how long will it take for me to acquire my Kotak Corporate Credit Card?

  It will take the bank at least 15 days to process your card application after they receive your completed application form with all required documentation.

• If my address or other personal information changes, what should I do?

  You can use your Program Administrator to send an email to the bank. The system will update your details after 4 working days. You can alter your address at the branch if you also have any other relationship with Kotak Mahindra Bank.

• What happens if I use up all my credit?

  Transactions made with your card will be accepted up to the designated credit limit. Your transaction may be refused if you use more credit than you have available. If you would want the limit to be raised, you must file a request for limit enhancement on your card to Kotak Mahindra Bank through your Program Administrator. Revision of your credit limit will take two working days to complete.