Kotak Bank Credit Card with No Annual Fee

Kotak Mahindra has a wide range of credit cards, including the ones with no joining or annual fee, named Corporate Wealth Signature Credit Card. And there are no conditions applicable to this Kotak credit card for waiver of joining or annual fees. So, if you have been searching for the best credit cards with no annual fees, your search has ended here. Let’s know more about this credit card in the article below.

Privileges Available on the Kotak Bank Credit Card

If you want to know more about this best credit card with non no annual fees, check out its features below –

Higher Earning for You

Yes, credit cards have a reputation for increasing your spending limit. Well, it is not true with this Kotak card. Each swipe of this card will help you get cashback. So, whenever you spend, you’ll save money on it.

Interest-Free Period

For up to 48 days, the bank won’t charge any interest on your card, so make the most out of it.

Hassle-Free Experience

Don’t carry cash as your corporate expense is payable by the company.

Fuel Surcharge Waiver

On fuel transactions between INR 500 and 3,000, you’ll get a surcharge waiver, subject to 1% on each transaction. The maximum fuel surcharge waiver is INR 3,500 in a year.

Airport Lounge Access

Exclusive access to domestic airport lounges via VISA Airport Lounge Offer, subject to two accesses per calendar quarter.

Real-Time Alerts

Make safe and secure transactions with your Kotak Credit Card. There are free SMS and email alerts on all transactions.

What are Credit and Cash Withdrawal Limits for Corporate Wealth Signature Credit Cards?

Kotak Credit Card comes with a limit, which means beyond a specified amount you’re not authorized to spend on your card. This best credit card with no annual fees has a Cash Withdrawal Limit and the same will be communicated to you at the time of delivery of the Card and is indicated in the monthly statements. You should know that the cash limit forms a subset of your card limit. So, the bank will review your account periodically and may decrease your Credit and Cash Limit based on internal criteria without giving you any notice about the same.

Kotak Bank Credit Card Service or Facility Exclusions

You should know – Balance Transfer, EMI on Call, Merchant EMI, Add-on Card and Personal Loan facility are not available on Kotak Corporate and Purchase Credit Card.

Kotak Guide to Bill Payment

As you know the bank will send you a monthly statement showing payments and transactions for each month. No statement will be sent if the outstanding due is < INR 100 and no transaction is done on the card. A consolidated statement to your Corporate is also sent, showing the total outstanding of each account.

Non-receipt of statements won’t affect your obligations and liabilities under the Cardholder Agreement, so you need to settle at least the Minimum Amount Due before the payment due date arrives.

Pay with Standing Instructions (Auto Debit)

If you have a savings/current account with Kotak Mahindra Bank, pay directly through the account by giving standing instructions in writing. This will help debit the payment from such an account every month as on the due date.

National Electronic Funds Transfer (NEFT) facility

Pay bills through any other bank account via NEFT. To enable this service, log in to your account and activate the same.

Pay by cash

Visit the branch office, and deposit cash at specified locations during banking hours.

Pay through cheque

Make a cheque in favor of “Kotak Mahindra Bank Credit Card XXXXXXXXXXXXXXXX”

Now that you know about this best credit cards, shortlist this Kotak Credit Card and apply for the same online to enjoy its benefits.