Kotak Corporate Platinum Credit Card

The Kotak Corporate Platinum Credit Card comes with the following features and benefits:

Convenient and Easy Redemption Process- The points collected by the cardholder are easily redeemable every quarter by just calling the Customer Service Desk.

Fuel Surcharge Waiver- The cardholder is entitled to a fuel surcharge waiver of 1% on transaction values between Rs. 500 and Rs. 3,000 subject to a maximum of Rs. 3,500 annually.

Railway Surcharge Waiver- A Railway Surcharge Waiver to the limit of Rs. 500 annually is granted for all transactions on www.irctc.co.in and on Indian Railways Booking Counters.

Ease of Payment for Employees- The employees holding the Kotak Corporate Platinum Credit Card are free to spend on the card as it is directly paid by the corporate. There is no individual payment expected from the employees.

Empowerment of the Company- The card monitors the spending patterns of the employees and thereby empowers the company to reduce company costs by controlling the spends of the employees.

Hassle Free Travel Spends- The card helps the company eliminate the whole process of carrying Forex by the employees when travelling and there is also no need to deposit vouchers, tickets, bills, etc. as the record is automatically maintained when paying off through the card.

Real-Time Alerts- All transactions done through the Kotak Corporate Platinum Credit Card is sent through an SMS to the registered mobile number for security reasons accompanied by an email alert.

The fee structure and other charges levied on the card are as follows:

Fee/Charge	Amount/Rate
Joining Fee	Nil
Annual Fee	Rs. 999
Interest charged on Outstanding Balance	3.30% on the outstanding amount.
Over Limit Charges	Rs. 500 for amount exceeding the credit limit on the card.
Cheque Bounce Charges	Rs. 500
Foreign Currency Mark up	3.5%
Cash Payment Fee	Rs. 100
Credit Information Report(CIBIL) copy	Rs. 50
Late Payment Fee	Rs. 100 for amount up to Rs. 500 Rs. 500 for amount between Rs. 500.01 and Rs. 10,000 Rs. 700 for amount above Rs. 10,000

Being a corporate oriented credit card, it is only available for companies and not individuals. However, in a corporate, all employees irrespective of the designation are eligible for the card. The eligibility terms for the Kotak Corporate Platinum Credit Card are subject to the bank’s prevailing policies, rules, and regulations, and the card would be issued as per the bank’s discretion.

Applying for the Kotak Corporate Platinum Credit Card is a simple process.

• An applicant can contact the bank at service.corporate@kotak.com and fill in the necessary details of the application and the designated Sales Representative will follow up for the same.
• They can also visit your nearest Kotak Mahindra Bank Branch to get complete information on the application process.

Is the Kotak Corporate Platinum Credit Card valid to be used for personal expenses?

The Kotak Corporate Platinum Card is solely for corporate use which implies official expenses only. However, it is at the discretion of the company to let the employee use the card for personal expenses which can then be settled amongst them.

Does the Kotak Corporate Credit Card have the add-on feature?

The add-on feature is not applicable on the Corporate Credit Card as it is solely for official purposes.

What is the line of action in the event of exceeding the credit limit of the Kotak Corporate Platinum Credit Card?

The Kotak Corporate Platinum Credit Card usage is limited to the extent of the credit limit assigned. Exceeding the limit is liable to result in the decline of the transaction. There is a provision to enhance the credit limit on the card which can be put forward by your Program Administrator.

Is the Kotak Corporate Platinum Credit Card accepted worldwide?

Yes, the Corporate Platinum Card is an international card acceptable all across the globe. The primary objective of the card is to provide digital currency to corporate consumers in all corners of the world.