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Biz Credit Card by Kotak Mahindra Bank

by Kshitiz V Sharma on

The Bottom Line

Kotak Biz Credit Card
A Credit Card for Small Businesses

1% reward on Flights & Travel Bookings, Direct Marketing & Best Price Online, 0.25% rewards on all other spends.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield (-0.4%)^ 0.0% 0.2% 0.3% 0.4%
Est. Monthly Reward (₹) (25) 40 155 365
All-India Rewards Rank* 187 227 261 309 303
Within Bank Rank* 8 11 12 14 15
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^ The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee of ₹10,000. This does not account for the gifts received on payment of fees.

The Kotak Biz Credit Card is targeted at businesses. It offers 1% rewards on flight & travel bookings, direct marketing services and Best Price Online Wholesale Market Shopping. All other spending earns 0.25%.

The net rewards yield of this card is only 0.2-0.3%. We recommend the 811 #DreamDifferent Credit Card with a net reward yield of 0.4-1.0% for monthly spends up to ₹10,000.

If you are spending between ₹10,000-20,000, consider the Kotak Indigo Ka-ching 6E Reward Credit Card which has a net reward yield of 0.7-1.1%. And for ₹20,000+ choose the Kotak IndiGo Ka-ching 6E Rewards XL, which has a net reward yield of 2.3%.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card Kotak Biz Credit Card
Card Type Rewards
Rewards Features – 1% rewards on flights & travel bookings, direct marketing services & Best Price Online Wholesale Market.

– 0.25% on everything else.

Milestone Rewards N/A
Other Rewards 1 Complimentary Airport Lounge Visits / Qtr
Rewards Redemption Fee ₹99
Rewards Caps Unlimited
Preferred Redemption Method Redeem points on Kotak Rewards Portal


Fees & Charges

Card Kotak Biz Credit Card
Joining Fee ₹499 + Taxes
Annual Fee ₹499 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
Nil
Income Criteria Salaried N/A
Self-employed 4.8 Lacs
Supplementary Card Fee N/A
Interest Rate 42.00% p.a.
Foreign Currency Markup 3.50%
Cash Advance Charge N/A
Card Association Visa

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