Kotak Best Price Credit Card

No Joining Fee: This credit card doesn’t come with any joining fee charges.

Interest-Free Period: Cardholders get to enjoy interest-free credit period of two weeks.

Add-on Cards: The Kotak Best Price cardholders are offered with the exclusive facility of add-on cards. You get to acquire two additional cards together with the Best Price credit card. The complimentary cards can be utilized by your company’s staff members each time they wish to buy something at the Best Price Modern Wholesale outlet. Each of these add-on cards holds the facility of tracking the spending separately.

Kotak Mahindra Best Price Credit Card
Good For: People looking for No Joining Fee Card Holders looking for a Business card Customers seeking for a wholesale card	Bad For: People who love to travel Card Holders looking for a shopping card Customers seeking Reward Points

Here are basic fee and charges of this credit card:

Fee/Charge	Amount
Joining Fee	Nil
Annual Fee	Nil
Add-on Card Fee	Nil
Finance Charges (Interest Rate)	3.40%
ATM Cash Withdrawal Charges	NA
Late Payment Fee	Rs. 100 – For outstanding balance less than Rs. 500 Rs. 500 – For outstanding balance between Rs.500 and Rs. 10,000 Rs. 700 – For outstanding balance greater than Rs. 10,000
Overlimit Fee	Rs. 500
Cheque Bounce Charges	Rs. 500
Foreign Currency Markup	NA
Cash Payment Charges	Rs. 100
Card Reissue/Replacement Charges	Waived
CIBIL Report Copy	Rs. 50

To apply for this credit card, you must fulfil the following eligibility criteria:

• The candidate needs to be at least 21 years old.
• It is required for the candidate to be a member at the Best Price store. The candidate can either be self-employed, a dealer or a retailer who can buy materials in abundance from Best Price, depending on the policy of the store.

Documents Required to apply for this credit card:

Proof of Identity	PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI
Proof of Address	Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement
Proof of Income	Latest one or 2 salary slips (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

To apply for this credit card, you need to visit the bank’s website or get in touch with the bank’s associate at the nearest Kotak Mahindra bank branch. Once your credit card is approved, the credit card will be dispatched and delivered to your mentioned address within 5-7 working days.

How to apply for Kotak Best Price credit card?

You can apply for a Kotak Bank Best Price Credit Card, by simply getting in touch with a financial associate present at the helpdesk for financial services at your nearest Kotak Mahindra Bank Branch.

Does Kotak Best Price Card offer a rewards program which can be availed?

No. Kotak Best Price Cards are free from offering any kind of rewards program. This is because the primary purpose of the card is to offer credit linked to business focused purchases.

Would I be eligible to access cash advances using my Kotak Best Price Card?

No.This particular feature is not currently available on this card. However, Kotak Mahindra is planning to lend this offer to a particular group of cardholders by analysing their spends-behaviour, payment behaviour, as well as credit utilisation.

What all card variants for Kotak Best Price Card are offered by the bank?

Kotak Mahindra Bank provides two versions of Best Price credit cards, these are:

• Best Price
• Best Price Premium Credit Card

Please Note: Kotak Mahindra Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.