FAQs

Crafted for today’s trailblazers

Exciting Reward Points

Earn 5X reward points on business essential spends, flights & hotels bookings

Business partnerships

Earn 5X reward points on SAAS related spends through our partnership with *Nuclei platform

Extended interest-free period

Manage your cash flow efficiently with the extended 55 days of interest free period

Annual fee waiver

Spend ₹ 2 Lakh in an anniversary year & get your annual fee waived off

*Click here to explore offers on business software

Fees and Charges

Fee & other Parameters	Kotak Biz Edge Credit card
Joining Fees	₹ 999 /-
Annual Fees	₹ 999 /-
Joining Fees Reversal	NA
Annual Fees Reversal	Waived off on spend of ₹ 2 lakh within 12 month
Interest Rate	3.75% per month (45% per year)
Interest free period	55 days
Forex Mark-up	3.50% on international transactions
Add On Card Fees	NA
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)	MAD is 5% of all transactions & 100% of EMI, Finance Charges, Fees/Charges & Tax
ATM Cash Withdrawal/ Cash Advance	Not Allowed
Late Payment Charges ("LPC")	Due as per last statement	LPC Charges
	<₹100	0.0
	₹ 100 – ₹500	₹ 100
	₹ 501 – ₹5,000	₹ 500
	₹ 5,001 – ₹10,000	₹ 600
	₹ 10,001-₹25,000	₹ 800
	₹25,001-₹50,000	₹1,000
	>₹50,000	₹1,200
Over Limit Charges	Not Allowed
Cheque Bounce Charges	Max of (2% of bounce amount and ₹500)
Auto debit return/Standard Instruction failure fee	Min- 450, Max- 2% of bounce amount capped at 5000
Fuel Surcharge Waiver	NA
Railway Surcharge Waiver	Not Applicable. Railway Surcharge will be levied as per standard applicable rate
Reissue/ Replacement Card (per card)	Waived off

Note:

1.Goods and Service tax (GST) @ 18% as applicable will be charged on all interest & fees and other charges levied on your Credit Card. The GST rate is subject to change from time to time.

2.Any revision in schedule of charges and product features will be communicated to customers in line with regulatory guidelines.

“Issuance of credit cards is at the sole discretion of Kotak Mahindra Bank Limited. All features and benefits are subject to Credit Card Terms and Conditions. Please read the Credit Card terms and conditions carefully provided on the bank website www.kotak.bank.in”

Frequently Asked Questions

Who can become a BizEdge Credit Card customer?

One can qualify for Kotak BizEdge Credit card, if they have a relationship value of more than 10 Lakh with the bank.

What’s the redemption value of reward points?

1 reward point = ₹0.25

Are there any categories where do we not earn reward points?

Reward points are not accrued on EMI transactions, and other select categories including rent, wallets, and education

Do I earn reward points on foreign transactions?

Yes, you can earn reward points on international transactions

Is there a cap on reward points?

Accelerated reward points on flights/hotels spends via Kotak Unbox platform & SAAS spends via Nuclei Platform are capped at 1,00,000 reward points
Business essential spends are capped at 2500 reward points per statement cycle

What is the validity period for the reward points?

Reward points are valid for 36 months, starting from the date they are earned

How do I redeem my points through Kotak Unbox?

Simply log in to the Kotak Unbox platform through your mobile banking app. You can redeem the points on flights and hotels (Gifts vouchers will be live soon)

What are the top brands available on Nuclei?

Enjoy offers on leading software brands such as Google Workspace, Tally, Microsoft Office, AWS, Microsoft Azure, Canva, Jira, Hubspot, and more
To explore these offers, visit: https://kotakbank.gonuclei.com /

What is the annual fee and joining fee on the Card?

Joining and Annual fees for the card is ₹ 999 respectively

Is there a fee waiver with this card?

Yes, one can receive annual fee waiver on spends of ₹2 Lakh within 12 months

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Kotak BizEdge Credit Card