Kotak Biz Business Credit Card

Earning Reward Points

The card offers reward points for every purchase. Users earn 4 reward points for every ₹100 they spend on special categories like travel and tours, supermarkets, domestic flight bookings, and advertising and marketing services. For all other eligible purchases, customers earn 1 reward point for every ₹100 spent.

Reward Redemption

The reward points accumulated can be conveniently redeemed at the Kotak Rewards Portal against flights, hotels, vouchers, merchandise, and more. No minimum points are required. When a user has a minimum of 4,000 points, the points can also be used as cashback. Each point is valued at ₹0.25.

Complimentary Travel Lounge Access

Since the card is a platinum variant of the Visa network, it allows its users complimentary access to 1 domestic lounge per calendar quarter, which is 4 domestic airport lounge access a year.

Insurance Coverage

Kotak’s Biz credit card offers its users the ability to fly stress-free with their travel insurance. The card ensures loss of checked-in baggage for upto ₹10,000, delayed checked-in baggage for up to ₹10,000, missing International connecting flight during transit for up to ₹ 10,000, and loss of passport and travel-related documents for upto ₹10,000.

The card comes with a purchase protection plan of up to ₹25,000 and a credit liability coverage of ₹50,000.

Biz Launchpad

Kotak Biz Credit Card Launchpad is Kotak’s platform for business owners to avail themselves of extra discounts that are available to them with their Kotak Biz Credit Card. Along with that, they can

• Explore various software brands and pick from a variety of software solutions.
• Buy and manage multiple software products on this single platform
• Renew their subscriptions at an available discount
• Get a quote and explore the best price
• Avial of the pre-sales and post-purchase services

Currently, Kotak Biz Credit Card customers save up to 75% on their tax filing services with ClearTax.

Eligibility Criteria

• Kotak Biz credit card will be applicable only for users who are
  • Self Employed
  • Proprietors
  • Partners of Partnership firms.
• Applicants should be a minimum of 21 years to a maximum of 65 years.
• Applicants should file a minimum income tax return of ₹4.8 lakh and above per annum.
• Applicants should be residents of India.

Bottom Line

The Kotak Biz Credit Card can be a good choice for business owners who frequently spend on business-related categories like travel, hotels, and advertising and are looking for a simple rewards structure with benefits like lounge access and insurance. The card comes at a reasonable joining fee of ₹299 + GST and an annual fee of ₹499 + GST and offers a decent reward rate. Specific categories, like travel and direct marketing/advertising services, earn 4 points for every ₹100 spent, while all others earn 1 point for every ₹100 spent. Each of these points is valued at ₹0.25. It also comes with a travel insurance cover and credit liability cover of ₹50,000.

However, it may not be suitable for those looking for broader travel benefits, such as international lounge access or other lifestyle perks like golf. The card does not offer a welcome bonus, milestone benefits, or a spend-based waiver, and airport lounge access is also limited to four domestic lounges per year. There are other cards, like The HDFC Bank BizGrow Credit Card, with the same annual fee, offering welcome bonuses, milestone offers, and lifestyle perks like movie and dining.