Kotak Biz Credit Card
Kotak Mahindra Bank
Last updated: Feb 03, 2026
₹499
₹299
3.5%
4 visits/yr
Contents
Kotak Biz Credit Card is a business credit card designed to simplify and reward everyday SME and self-employed spending. You earn accelerated reward points on core business categories such as travel, advertising, supermarkets and lodging, while all other eligible spends also earn base rewards. The card offers domestic airport lounge access, fuel and railway surcharge waivers and a comprehensive travel insurance programme. It is best suited for business owners who want to consolidate business expenses, enjoy interest-free credit of up to 48 days and maximise value from their regular business payments.
Features of Kotak Biz Credit Card which makes it unique
Business-Focused Reward Categories
Accelerated reward points on high-impact business expense categories like travel, advertising, supermarkets and lodging.
Improves effective reward rate on typical SME and self-employed spending patterns.
More relevant categories for business owners compared to generic retail credit cards.
Fuel & Railway Savings for Frequent Travel
Fuel and railway surcharge waivers for frequent road and rail travellers.
Reduces travel overheads for sales, logistics and client servicing teams.
Stronger travel savings than many entry-level business cards in this fee range.
Travel Insurance Programme
Built-in travel and card liability insurance with multiple cover types and fixed sums insured.
Protects frequent business travellers from common trip-related risks without extra premium.
Rare to see such detailed travel insurance on a sub-₹500 annual fee business card.
Rewards Structure of Kotak Biz Credit Card
Travel & Domestic Airlines
acceleratedBookings with travel agencies, tour operators and domestic airlines
Core business travel category for SMEs and self-employed professionals.
Advertising & Marketing Services
acceleratedDirect marketing and advertising service providers
Optimised for digital marketing, campaigns and promotion spends.
Supermarkets
acceleratedSupermarket and large-format grocery merchants
Useful for stocking office pantry and regular business consumables.
Lodging – Hotels, Motels & Resorts
acceleratedEligible hotel, motel and resort merchants
Ideal for frequent business travel and overnight client visits.
All Other Eligible Spends
baseAll non-excluded retail spends
Wallet loads, fuel, rent and online gaming do not earn reward points.
Fees & Charges of Kotak Biz Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹299 |
| Annual Fee | ₹499 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹700 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | ₹300 |
Renewal Conditions:No annual fee waiver; renewal fee of ₹499 + GST is payable every year.
Fee Explanation Finance charges up to 3.5% per month (42% p.a.) on revolving balances; late payment fee from ₹100 to ₹700 based on statement outstanding; 3.5% foreign currency mark-up on international transactions.
Detailed Explanation of Kotak Biz Credit Card Fees
Joining Fee: ₹299 + GST (one-time)
Billed in the initial statements as per bank policy.
Annual Fee: ₹499 + GST (yearly)
No spend-based waiver currently available for subsequent years.
Finance Charges: 3.5% per month (42% per annum) (monthly)
Applicable on unpaid statement balances, cash advances and revolved transactions.
Cash Advance Fee: ₹300 (per ₹10,000 or part thereof)
Standard cash withdrawal, card-to-card transfer and draft fees.
Late Payment Charges: ₹100–₹700 (per statement cycle)
₹100 for statement outstanding ≤ ₹500; ₹500 for ₹500.01–₹10,000; ₹700 for outstanding > ₹10,000.
Overlimit Charges: ₹500 (event)
Charged if total outstanding exceeds the assigned credit limit.
Cheque Bounce Charges: ₹500 (event)
Applied on cheque or auto-debit return towards card payment.
Cash Payment Fee: ₹100 (transaction)
Charged when credit card bill is paid in cash at bank branches.
Foreign Currency Mark-up: 3.5% (transaction)
Applied on the INR value of all international transactions.
Fuel Surcharge Waiver: 1% waiver (ongoing)
On fuel transactions between ₹500 and ₹5,000; maximum waiver of ₹2,500 per calendar year. No reward points on fuel spends.
Railway Surcharge Waiver: Up to 2.5% waiver (ongoing)
1.8% waiver on IRCTC website bookings and 2.5% waiver at Indian Railways booking counters; capped at ₹500 per calendar year.
Lounge Access Benefits with Kotak Biz Credit Card
domestic Lounges
silverVisits per year: 4
Guest access: No
1 complimentary domestic airport lounge visit per calendar quarter on minimum spends of ₹75,000 or more in the previous calendar quarter; valid for primary cardholder only.
Insurance Coverage with Kotak Biz Credit Card
Card Liability Cover
₹50,000Covers lost card liability, counterfeit/skimming/phishing and online fraud protection from the time of reporting to the bank, as per policy terms.
Flight Delay
₹10,000Applicable when a covered flight is delayed by more than 6 hours; subject to documentary proof and insurer terms.
Carrier Cancellation
₹10,000Covers eligible trip cancellations initiated by the carrier as per policy wording.
Loss of Checked-in Baggage
₹10,000For permanent loss of checked-in baggage during a covered journey; as per insurer’s claim process.
Delay of Checked-in Baggage
₹10,000Covers essential purchase expenses due to delay of checked-in baggage for the specified minimum delay period.
Valuable Documents Cover
₹10,000Protection for loss of important travel documents like passport or tickets on a covered trip.
Missed Connecting International Flight
₹10,000Covers missed international connections during transit due to reasons covered under the insurance policy.
Purchase Protection
₹25,000Insurance against loss or damage to eligible purchases made on the card, within the specified cover period and subject to policy terms.
Additional Features of Kotak Biz Credit Card
Interest-Free Credit Period
Up to 48 days of interest-free period on retail transactions.
Applicable only when the previous month’s outstanding is paid in full by the due date.
Enhanced Security
EMV chip card with 6-digit PIN authentication and transaction controls through Kotak mobile banking.
Customer must keep PIN and card details confidential and report loss or fraud immediately.
Business Expense Management
Monthly statements clearly reflect category-wise spends to help track and manage business expenses.
Useful for bookkeeping, reconciliations and tax computations for self-employed users.
Welcome Bonus with Kotak Biz Credit Card
Welcome Bonus: No welcome bonus
Bonus Conditions: Kotak Biz Credit Card currently does not offer a separate one-time welcome bonus; benefits focus on accelerated reward points, fuel surcharge waiver and travel privileges.
Application Process for Kotak Biz Credit Card
Processing Time
Typically 5–7 business days after successful documentation and verification
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the Kotak Biz Credit Card page on Kotak Mahindra Bank’s official website or Finanjo’s credit card section.
Check the eligibility criteria for self-employed applicants and keep your KYC and income documents ready.
Submit the online application form with personal, business and contact details and consent for credit checks.
Upload or share KYC and income documents as requested by the bank for verification.
Complete any telephonic or in-person verification; upon approval, the credit limit is assigned and the card is printed and dispatched.
Activate the card using Kotak Net Banking or mobile app, set a 6-digit PIN and configure transaction controls.
Required Documents for Kotak Biz Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
self-employedAccepted documents:
Business Existence Proof
self-employedAccepted documents:
Kotak Biz Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted across POS terminals, e-commerce websites and payment gateways in India that support Visa credit cards.
International Acceptance
Accepted at millions of merchants and ATMs worldwide on the Visa network for travel and business expenses.
Online Acceptance
Enabled for secure online and app-based transactions with 3D Secure authentication and OTP verification.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Kotak Biz Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Resident Indian only
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- Available only for self-employed individuals, proprietors, and partners of partnership firms with minimum Income Tax Return (ITR) of ₹4.8 lakh per annum and age between 21 and 65 years.
How Approval Is Decided
- Self-employed, proprietor or partner of a partnership firm with a minimum ITR of ₹4.8 lakh per annum.
- Age between 21 and 65 years and resident in India.
- Satisfactory internal credit checks, including bureau score, repayment history and existing obligations.
- Bank’s internal risk assessment and documentation completion as per RBI and Kotak Mahindra Bank norms.
Pros of Kotak Biz Credit Card
- Strong reward structure on key business categories plus base rewards on all other eligible spends.
- Domestic airport lounge access for more comfortable business travel days.
- Fuel and railway surcharge waiver benefits that help lower regular travel expenses.
- Travel insurance and card liability cover included, enhancing safety for business journeys.
- Wide acceptance as a Visa Platinum card in India and abroad for business payments.
Cons of Kotak Biz Credit Card
- No welcome bonus or spend-based annual fee waiver currently advertised.
- Reward points are not earned on wallet loads, fuel transactions, rent payments and online gaming spends.
- Foreign currency mark-up of 3.5% is standard but not low for frequent international travellers.
- Designed only for self-employed, proprietors and partners; salaried individuals are not eligible.
Frequently Asked Questions about Kotak Biz Credit Card
Who is the Kotak Biz Credit Card best suited for?
The Kotak Biz Credit Card is designed primarily for self-employed individuals, proprietors and partners of partnership firms who want to consolidate business expenses, earn rewards and access travel and fuel benefits.
What rewards do I earn on the Kotak Biz Credit Card?
You earn 4 reward points per ₹100 spent on select business categories such as travel, domestic airlines, direct marketing and advertising, supermarkets and lodging, and 1 reward point per ₹100 on all other eligible spends, excluding categories like wallet loads, fuel, rent and online gaming.
Does the Kotak Biz Credit Card offer airport lounge access?
Yes, the card offers complimentary access to select domestic airport lounges, typically 1 visit per calendar quarter, when you meet the required spend threshold in the previous quarter as per the latest bank terms.
What fees and charges should I be aware of on this card?
The card charges a joining fee of ₹299 and an annual fee of ₹499, interest of up to 3.5% per month on unpaid balances, a cash advance fee of ₹300 per ₹10,000 or part thereof, late payment charges between ₹100 and ₹700 depending on statement outstanding, and a 3.5% foreign currency mark-up on international transactions.
What are the basic eligibility criteria for the Kotak Biz Credit Card?
You must be self-employed, a proprietor or a partner in a partnership firm, be between 21 and 65 years of age, have a minimum Income Tax Return (ITR) of ₹4.8 lakh per annum and be a resident of India. Approval is also subject to internal credit assessment and a healthy credit profile.
Does the Kotak Biz Credit Card provide any insurance benefits?
Yes, the card comes with a travel insurance programme that includes benefits like card liability cover, flight delay, carrier cancellation, loss or delay of checked-in baggage, valuable documents cover and missed connection cover, along with purchase protection on eligible transactions, subject to policy terms and claim conditions.
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