In case of a cheque bounce, then the cardholder will be charged Rs 500 as cheque bounce charges.
The outstation cheque processing fee is waived.
In case if the credit card needs to be reissued or replaced, then the cardholder need not have to pay any charges for the same and all the charges will be waived off.
Shopping & Cashback
There is no welcome gift for this credit card.
There are no reward points for this credit card.
The card is a venture between Kotak Mahindra Bank and Best Price Modern Wholesale, a Wal-Mart arm.
The card is issued with an intention to benefit the cardholder to boost the business.
The credit card is meant exclusively for the best price modern wholesale stores only.
Interest charges on outstanding balance are 3.40% monthly (40.8% annually).
Over limit charges are Nil.
Earn 14 days credit cycle which starts afresh on every transaction.
Get two free add-on cards for free along with the primary card.
The cardholder can track on spends separately for each of the add-on cards.
The cardholder can set the spending limits on each of the add-on cards as per there requirements.
One Identity Proof issued by the government of India – Election Voters ID, Driving License, Aadhaar Card, Passport, Ration Card.
Proof of Income – Last 3 months salary slip or last 3 months bank statement.
Duly filled in application form of Kotak Mahindra Bank Credit Card.
Address Proof – Electricity Bill (latest or previous month), Phone Bill (latest or previous month), Rental agreement, Flat maintenance bill (latest or previous month), bank statement (latest or previous month), Passport, Driving License