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Kotak Credit Cards and Best Price Modern Wholesale, a Wal-Mart Venture bring a card with never before benefits that gives your business the extra edge. This card is for exclusive use at Best Price Modern Wholesale stores only.
To apply, please contact Kotak Best Price Financial Advisor at the Credit Solution Helpdesk at your nearest Best Price store.
Your “Kotak Best Price business card” presents you with “Business-credit advantage”. Kotak Mahindra Bank in partnership with Best Price offers you not only with business card convenience but also extends benefits that would enhance your business efficiencies. It will be a handy tool for cash-flow-management for your business.
At the moment we are 2 variants:
On Kotak Best Price Business card & Kotak Best Price Business card - Corporate - Enjoy 14days credit cycle that starts afresh on every transaction on your Kotak Best Price Business credit card. Each transaction on this card needs to be backed by a PDC of the total purchase amount when the card is swiped in a Best Price store. Both these cards can only be used inside Best Price Stores.
Beyond the credit advantage, you benefit on “convenience” of managing your business and all of this comes to you absolutely free.
Best Price store-members (wholesalers, self employed person and other businessmen who are eligible to shop at Best Price store as per store-policy) can apply for this business card. All applicants would be evaluated for their credit worthiness as per the Kotak Best Price card policy.
You will need to contact our financial associates at the Financial services helpdesk within the Best Price stores for the same.
Your interest-free period begins from the date of transaction and continues till the date of the PDC given for the transaction. The maximum interest free period hence PDC date per transaction can be 14 days including the date of the transaction.
Rate of interest for Kotak Best Price Business card is 3.1% per month and for Kotak Best Price Business card-Corporate is 1.5%. For detailed explanation for interest calculation, please refer to MITC (Most Important Terms & Conditions). The MITC is handed over to you prior to you apply along with the application form and is also available on our website.
There is no rewards program on the Kotak Best Price Business Cards since the main purpose of this card is to provide credit line for business-related purchases.
You can avail up to 2 Add On cards for your family members or business managers for them to make purchases on your behalf. These add on cards would be issued at the behest of the primary card holder and the monthly statement of purchases carried out would be sent along with the monthly statement.
Yes, the Kotak Best Price Add-On Cards will also have the same features as the Kotak Best Price primary card.
Yes, you can preset the purchase limit for add on cards up to your credit limit by calling the customer service center.
Based on customer behavior, with respect to “spends-behavior”, “credit utilization” and “payment behavior”, we may extend this feature subsequently to a select few amongst the Kotak Best Price Card members. The same would be governed by an internal policy on risk assessment of credit card members. Currently this feature is not activated.
We may extend this feature subsequently to a select few amongst the Kotak Best Price Card members. The same would be governed by an internal policy on risk assessment of credit card members. Currently this feature is not activated.