Kotak BizEdge Credit Card
- Joining fee
₹999 + GST
- Annual fee
₹999 + GST
- Best suited for
Business Expenses
- Reward type
Reward Points
Rewards
- Rewards rate
Get 10 Reward Points for Every ₹150 Spent on Business Essentials; Get 10 Reward Points on SAAS Related Spends; Get 10 Reward Points for Every ₹150 Spent on Flight and Hotel Bookings; Get Up to 2 Reward Points for Every ₹150 Spent Across Other Categories
- Reward redemption
1 Reward Point = ₹ 0.25
Fees & charges
- Spend-based waiver
Annual Fee Waived on the Spend of ₹ 2 lakh within 12 months
- Foreign currency markup
3.50% on international transactions
- Interest rates
3.75% per month (45% per year)
Product highlights
- The card offers 5X reward points on business essentials spend, flights, and hotel bookings.
- The cardholder can earn 5X reward points on SaaS-related spend for every ₹150 spent on the Nuclei platform.
- Using Kotak Unbox, the user can earn 10 reward points for every ₹150 spent on Flight and hotel bookings.
- There will be an extended 55-day interest-free period.
Pros & cons
Pros
- The card offers an interest-free credit period of up to 55 days, which helps with business cash-flow management.
- Cardholders can earn 10 reward points for every ₹150 spent on SAAS through the Nuclei platform, including brands like Google Workspace, Tally, Microsoft Office, AWS, and more.
Cons
- The reward points are valid for only 36 months from the date they are earned, so the cardholder must use them within that period.
FAQs
What's the redemption value of reward points?
The redemption value of 1 reward point = ₹0.25
Are there any categories where we can not earn reward points?
Reward points are not accrued on EMI transactions and other select categories, including rent, wallets, and education.
What is the validity period of the reward points?
The reward points are valid for 36 months, starting from the day they are earned.
Can I earn reward points on foreign transactions?
Yes, you can earn reward points on international transactions.