Kotak Mahindra Corporate Platinum Credit Card Review

‘Kotak Mahindra Corporate Platinum credit card’ is designed in such a way that it can fulfill the financial needs of your company. This card also comes with several other extraordinary features like – railway and fuel surcharge waiver, airport lounge access, easy redemption benefit, big reward points, and lots more. Also, you can get an organized datasheet of spends with every single transaction detail. This card will help you to run your company more smoothly.

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 65 yrs. 
    • Income: The applicant should be an owner of a company or business. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: The applicant should be an owner of a company or business.
  • Good CIBIL Score (750 or more).
  • This card is designed for companies or businesses, not for individual uses. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: None. 
  • Annual Fee: ₹999 + GST

Benefits:

  • Reward benefit:

This card offers big reward points on every transaction. You can also redeem your earned reward points with just a phone call to the service desk

  • Lounge access:

This card offers complimentary access under the Visa Lounge program. You can get a maximum of 2 lounge accesses per quarter.  

  • Fuel surcharge waiver:

This card offers up to ₹500 waivers on fuel surcharges. This offer is applicable at any fuel station in India. 

  • Railway Surcharge:

This card offers a railway surcharge waiver of ₹500 per year. This offer applies to the tickets booked online or from railway ticket counters. 

  • Easy payment:

This feature is very helpful for the employees. An employee with this card can easily pay any amount from the office account for office-related expenses. 

  • Power to the company:

This card can make a spending pattern for every individual employee added with this card. It will help you to create a budget for your company. 

  • Service Manager: 

This card provides you a dedicated service manager, you can get quick information about your cards, you can also ask for advice from your service manager.

  • Program manager:

Now you don’t need to wait long for your queries (related to – total due, due date, lost or damaged card, etc.), with the program manager you can get that information with just a call.

  • Email statements:

You will get your monthly card statement in your registered e-mail. This feature is safe, convenient, hustle-free. You can also ask your bank for a hard copy of the statement. 

  • Free card replacement:

If your card is lost or stolen, you can block and replace your card easily without any extra charges. 

  • Alert service:

This feature adds more security to your card. You will receive free SMS and Emails on each transaction made with this card. 

  • Spend Tracker:

You can now track spends of your employees individually. You can also monitor where and when the transaction is done. This card allows you to track how much is spend on each vendor. 

  • Spend limit:

You can now customize the spending limit of each of your employees according to their designations. This feature is very helpful for making a monthly budget. 

  • Travel liability:

With this feature, your company is safe from any fraud claims from your employees. It also prevents bank slippages while reimbursing.  

** For more information visit www.kotak.com 

  • Worldwide acceptance:

This card is accepted at over 10 million stores or outlets. That means you can use this card at any corner of the world. 

Charges:

  • Cash Withdrawal Charge: None. 
  • Finance Charge: 3.30% monthly. 
  • Foreign currency transaction: 3.5% against the transacted amount. 

Contact Details:

Call: 1800-266-2666

Mail: [email protected]

100xGain Ratings:

3.5/10

Final Opinion:

If you want a low-cost corporate credit card for your company that can not only offer you financial support but also can offer exclusive benefits, then this card is the card you need. if offers reward points on every transaction made with this card, lounge access, railway surcharge waiver, fuel surcharge waiver, spend tracker facility, dedicated program manager, e-statement, and lots more. 

But if you run a multinational company and you need a more premium corporate card then you can go for American Express Platinum Corporate Card, YES FIRST Business Credit Card.   

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