MyFinCards
Kotak Purchase Credit Card

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
Kotak Bank
Business
Rewards
Best For: Businesses managing centralised vendor payments, Companies paying taxes, GST, and utility bills via card, Organisations seeking streamlined corporate expense management

Kotak Purchase Credit Card

Rewards Structure

Base Reward Rate

% on spends

Point Value

1 Point = ₹0.25

Pros

  • Zero joining and annual fee
  • Up to 48 days interest-free credit period
  • Monthly cashback/rewards on all transactions
  • Dedicated Relationship Manager and Service Manager 24x7
  • Fuel and railway surcharge waivers
  • Worldwide merchant acceptance
  • Corporate liability — issued in company's name

Cons

  • High interest rate of 3.30% per month (39.6% annualised)
  • No ATM cash withdrawal facility
  • Targeted at businesses, not individual consumers

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Fuel surcharge waiver only applies to transactions between Rs. 500 and Rs. 3,000

Railway surcharge waiver capped at Rs. 500 per calendar year

Fuel surcharge waiver capped at Rs. 3,500 per calendar year

GST and applicable taxes charged on all fees and interest

Key Benefits & Features

Interest-free credit period of up to 48 days for bill payment.

Earn monthly incentives and rewards on all transactions.

Worldwide acceptance across millions of merchants globally.

Centralised payment management for admin, tax, GST, utility, employee reimbursements, and subscription expenses.

Eligibility Criteria

Occupation

SELF_EMPLOYED

Required Documents

IDENTITY Proof

PAN Card
Aadhaar Card
Official Terms & Conditions

About Kotak Purchase Credit Card

The Kotak Purchase Credit Card is a corporate credit card designed to help businesses centralise and streamline their administrative and operational expenses. Issued in the company's name with corporate liability, it is purpose-built for managing vendor payments, tax obligations, GST compliance, utility bills, employee reimbursements, subscription services, and online marketing or IT costs. With no joining or annual fees, it offers a cost-effective solution for organisations seeking greater control over their spending. Key features include an interest-free credit period of up to 48 days, providing businesses with improved cash flow flexibility. Cardholders earn monthly incentives and rewards on all transactions, maximising savings through regular use. The card also offers worldwide merchant acceptability, fuel surcharge waivers on qualifying transactions, and railway surcharge waivers, adding further value for businesses with diverse payment needs. What sets the Kotak Purchase Credit Card apart is its dedicated support structure, with a 24x7 Relationship Manager and Service Manager available for personalised assistance. The card simplifies corporate expense management by consolidating multiple payment categories onto a single platform, enabling efficient tracking and reconciliation. It is an ideal choice for companies looking to enhance purchasing efficiency while maintaining centralised oversight of their business expenditures.

Expert Review

Our Verdict

A corporate credit card for centralised business expense management with rewards and zero joining/annual fee.

Frequently Asked QuestionsAbout Kotak Purchase Credit Card

OTHERWhat is a Kotak Purchase Credit Card?
The Kotak Purchase Credit Card is a business credit card specifically designed to help companies manage their expenses, such as paying vendors, purchasing office supplies, settling utility bills, GST and tax payments, and managing IT and online marketing costs. It is issued in the company's name, offering corporate liability for payments. It comes with features like expense tracking, flexible credit limits, and worldwide merchant acceptance to streamline business financial management.
BENEFITSWhat are the key benefits of the Kotak Purchase Credit Card?
The Kotak Purchase Credit Card offers several benefits including an interest-free credit period of up to 48 days, monthly cashback and rewards on all transactions, a dedicated Relationship Manager and Service Manager available 24x7, worldwide merchant acceptance, fuel surcharge waiver on transactions between Rs. 500–Rs. 3,000 (up to Rs. 3,500 per year), railway surcharge waiver (up to Rs. 500 per year), and zero joining and annual fees. It is ideal for centralised business expense management.
USAGEWhat expenses can be paid using a Kotak Purchase Credit Card?
The Kotak Purchase Credit Card can be used for a wide range of business expenditures, including tax payments, GST payments, utility bills (electricity, water, etc.), employee reimbursements, subscription payments for software and cloud services, accounts payable, centralised travel expenses, office supplies procurement, vendor payments, online marketing costs, and other operational costs to facilitate efficient financial management within the business.
APPLICATIONHow can a business apply for a Kotak Purchase Credit Card?
To apply for a Kotak Purchase Credit Card, click the 'Apply Now' button on the official Kotak Mahindra Bank website and complete the required information. Once the form is submitted, the bank's team will reach out to guide you through the next steps of the application process. As this is a corporate card, it is issued in the company's name and the application process may require business-specific documentation.
FEESWhat are the joining and annual fees for the Kotak Purchase Credit Card?
The Kotak Purchase Credit Card comes with zero joining fees and zero annual fees, making it a cost-effective solution for businesses. There are no charges levied for add-on cards either. This makes it an attractive option for companies looking to manage business expenses without incurring additional card ownership costs.
FEESWhat is the interest rate charged on the Kotak Purchase Credit Card?
The Kotak Purchase Credit Card charges an interest rate of 3.30% per month on outstanding balances, which is equivalent to an annualised rate of 39.6%. This is applicable if the total outstanding balance is not paid by the due date. To avoid interest charges, it is recommended to clear your bill in full within the interest-free credit period of up to 48 days. GST and applicable taxes are charged additionally on all interest and fees.
BENEFITSWhat is the interest-free credit period offered on the Kotak Purchase Credit Card?
The Kotak Purchase Credit Card offers an interest-free credit period ranging from 37 to 48 days. This means businesses can make purchases and pay the outstanding balance within this period without incurring any interest charges. This flexible credit period helps companies manage cash flow more efficiently and provides greater financial flexibility for day-to-day business operations.
REWARDSWhat rewards or cashback does the Kotak Purchase Credit Card offer?
The Kotak Purchase Credit Card provides monthly consolidated cashback and incentives on all transactions made using the card. These rewards are designed to maximise savings for businesses and encourage regular card usage. The cashback is earned on all qualifying transactions, helping companies offset their regular business expenses over time. For specific cashback rates and terms, it is advisable to review the Most Important Terms and Conditions (MITC) available on the Kotak website.
FEESWhat are the late payment charges on the Kotak Purchase Credit Card?
Late payment charges (LPC) on the Kotak Purchase Credit Card are as follows: Rs. 100 for statement outstanding balance up to Rs. 500; Rs. 500 for outstanding balance between Rs. 500.01 and Rs. 10,000; and Rs. 700 for outstanding balance greater than Rs. 10,000. It is advisable to make timely payments to avoid these charges. GST and applicable taxes will also be levied on these charges.
INTERNATIONALIs there a foreign currency markup fee on the Kotak Purchase Credit Card?
Yes, the Kotak Purchase Credit Card charges a foreign currency markup of up to 3.50% on international transactions. This fee is applied when the card is used for purchases in foreign currencies, either while travelling abroad or for online transactions billed in a foreign currency. Businesses with frequent international expenses should factor this cost into their financial planning.
USAGECan I withdraw cash from an ATM using the Kotak Purchase Credit Card?
No, the Kotak Purchase Credit Card does not offer an ATM cash withdrawal facility. The card is designed exclusively for business purchase and payment transactions such as vendor payments, utility bills, tax payments, and other operational expenses. It is not intended for cash advances or ATM withdrawals. Businesses requiring cash access should consider alternative banking products offered by Kotak Mahindra Bank.
BENEFITSAre fuel and railway surcharges waived on the Kotak Purchase Credit Card?
Yes, the Kotak Purchase Credit Card waives both fuel and railway surcharges. The fuel surcharge (1% on the transaction amount) is waived for transactions between Rs. 500 and Rs. 3,000, with a maximum annual waiver of Rs. 3,500. The railway booking surcharge (1.8%/2.5% on the transaction amount) is also waived, with a maximum annual waiver of Rs. 500. These waivers help reduce additional costs for businesses making regular fuel and travel-related payments.
ELIGIBILITYWho is the Kotak Purchase Credit Card issued to — the business or the individual?
The Kotak Purchase Credit Card is issued in the company's name, meaning corporate liability lies with the organisation rather than the individual employee. This makes it ideal for businesses looking to centralise expense management, maintain clear financial records, and separate personal and business expenses. It is targeted at businesses, not individual consumers, and is suitable for companies of various sizes managing multiple operational expenses.
DOCUMENTSWhat documents are required to apply for the Kotak Purchase Credit Card?
While the official page does not list specific documents, as a corporate credit card, applicants are typically required to submit business registration documents (such as Certificate of Incorporation or Partnership Deed), PAN card of the company and authorised signatory, address proof of the business, latest financial statements or bank statements, and KYC documents of the authorised signatories. After submitting the online application, the Kotak team will reach out with specific document requirements for your business.
OTHERHow can I contact Kotak Mahindra Bank for support related to the Purchase Credit Card?
Kotak Mahindra Bank provides multiple support channels for Purchase Credit Card holders. Each cardholder gets a dedicated Relationship Manager and Service Manager available 24x7 for personalised assistance. Additionally, you can call the toll-free number 1800 4100 for banking needs and complaints, write to customersupport@kotak.com, or visit your nearest Kotak Mahindra Bank branch. You can also raise service requests or complaints through the Kotak Mobile Banking App or Netbanking portal.

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