Kotak Mahindra Best Price Credit Card Review | Kotak Credit Card For Business Purpose

Keeping the business users’ needs in mind Kotak Mahindra bank has launched the kotak best price credit card with the alliance of the wholesale brand Best price. Funding is a real-life issue for business owners, and this card can solve the problem by offering easy access to credit. This card also comes with a number of useful tools that will help you to run your business more smoothly. There are two variants of this card available – 1) Koak Best Price Credit Card, and 2) Kotak Best Price Premium Credit card. More about the kotak credit card benefits are discussed below.

Who Can Apply For Kotak Bank Best Price Card?

This card is not meant for personal use, you can only apply for this card on behalf of your company.

  • Resident Type: Indian
  • For salaried person:
    • Age: NA
    • Income: NA
  • For self-employed(dealer/ retailer) person:
    • Age: 21 or more.
    • Income: Income tax return is more than 2.4 lakhs annually. (Though nothing is mentioned from the bank’s side, from our experience we estimate the no.)
  • A good Credit Score(700 or more) is mandatory to get a higher credit limit on this card.

You can apply for this card from the kotak mahindra bank credit card online application portal, once your application is submitted successfully, you can track the status of your application from the kotak mahindra credit card application tracking portal

What Are The Documents Required To Apply For Kotak Mahindra Bank Best Price Credit Card?

  • Photocopy of Address proof (any 1):
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1):
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

To enhance the security of your kotak mahindra credit card account, all new Kotak credit cards are delivered in an inactive state, and to start using the cards the users need to activate them manually by generating a new credit card PIN. If you are confused with the kotak card activation process, then feel free to take a look at the 100xGain faq page

Kotak Credit Card Annual Charges:

  • Best price kotak credit card  joining fee: Nil
  • Best price kotak credit card annual fee: Nil (for Best Price Credit Card), Rs. 999 (for Best Price Premium Credit Card)

Best Price Card Benefits:

  • Lifetime free add-on cards:

Both variants of this kotak credit card offer 2-lifetime free add-on cards. These add-on cards will have the same benefit as the primary ones. Also, those two add-on card spending’s can be tracked separately from your kotak mahindra bank online banking account

  • Manage your expenses more conveniently:

You can customize the spend limits of your supplementary cards separately. It helps a lot in maintaining a monthly budget. You can also check your kotak mahindra bank credit card status anytime you want using your kotak bank net banking account or through the mobile app.

  • Customize your kotak credit statement cycle according to your needs:

The premium variant of the card comes with a customizable kotak mahindra credit card statement cycle, which allows you to extend your interest-free period up to 28 days.

The base variant does not have that feature, and on that card, you will get a maximum of 14 days credit cycle that starts from the date of every transaction.

What Are The Kotak Bank Credit Card Charges?

Particulars Payable amount
Kotak credit card finance charges 3.4% monthly on the outstanding balances (for Best Price Credit Card)

1.5% monthly on the outstanding balances (for Best Price Premium Credit Card)

Kotak best price card add-on card fee Free for a lifetime (Maximum 2 cards)
Cheque Bounce Charges Rs. 500
Cash payment at the branch The Kotak credit card charges Rs. 100 if you make your Kotak Mahindra bank credit card payment in cash

Kotak Bank Credit Card Customer Care Contact Details:

  • Call the kotak credit card toll free number: 1800-209-0000 (Toll-free) or 022-6600-6022
  • Write to the kotak credit card customer care email id: customerfirst@kotak.com 

100xGain Ratings: 


Pros and Cons of Kotak Mahindra Best Price Credit Card:

Pros  Cons  
  • This card is best for small business owners.
  • The Premium version of this card offers a very low-interest rate.
  • This Kotak credit card offers lifetime-free add-on cards.
  • This card does not have benefits like – free lounge access, cashback, or reward points.


Final Opinion: 

This kotak bank best price credit card can be a good option for first-time credit card users as it offers 0 or free joining fees as well as an annual fee. But due to the lack of other benefits, I will not suggest using it for any other purpose. If you are willing for any other kotak bank credit card or other banks credit card then you can check the top 10 credit cards pages which can offer far better facilities at similar or at a slightly increased price.

For those who are looking for the Kotak Best Price Premium Credit Card, I will ask them to use this card as their primary card as in the credit card industry there are not many cards available which offer 18% annual charges on your credit card outstanding balance. Also, if you want to compare some similar options then take a check at the alternative card options given below.

Alternative Cards: 

  1. American Express Platinum Corporate Credit Card (Best for lounge access and dining benefits)
  2. Kotak Mahindra Corporate Gold Credit Card (Best for offering fuel surcharge waivers)

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