Purchase Credit Card

How Can a Kotak Purchase Credit Card Help

Get your hands on the exclusive Kotak Purchase Credit Card, designed for centralised payment of miscellaneous administrative expenses, accounts payable, utilities and taxes, online marketing, and IT costs. It is issued in your company's name, offering corporate liability for payments. It is ideal for businesses seeking convenience and control, helps streamline vendor payments, excise duty payments, and enhances purchasing efficiency.

Here’s how Kotak Purchase Credit Card can be useful for your business:

Tax payments: Effortlessly manage tax obligations with a dedicated credit card for timely and secure payments.
GST payments: Streamline GST compliance and avoid late payment penalties with convenient credit card payments.
Utility payments: Consolidate electricity, water, and other utility bill payments for efficient expense management.
Employee reimbursements: Simplify expense claims and reimbursements with a corporate credit card for easy tracking and reconciliation.
Subscription payments: Manage recurring software, cloud service, and platform subscriptions efficiently through a centralised payment solution.

Key Features & Benefits of a Kotak Purchase Credit Card

Interest-Free Credit Period

Get an interest-free period of up to 48 days for bill payment.

Incentives and Rewards

Earn monthly incentives and rewards on all transactions on your card.

Dedicated Service Manager 24x7

Get a dedicated Relationship Manager and Service Manager for personalised assistance.

Worldwide Acceptability

Transact seamlessly across millions of merchants worldwide.

Fees & Charges

Fee & other Parameters	Purchase Credit Card	TMC Credit Card
Joining Fees	Nil	Nil
Annual Fees	Nil	Rs. 999
Condition for waiver of Annual Fees - First Year	NA	NA
Condition for waiver of Annual Fees - Second Year	NA	NA
Addon card Fees	NA	NA
Interest Charges on outstanding Balances	3.30% (Annualized 39.6%)	1.49% (Annualized 17.88%)
Minimum Amount Due (MAD)	Upto 100%	Upto 100%
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof	NA	NA
Late Payment Charges ("LPC")	Rs. 100 for statement o/s less than or equal to Rs. 500.	Rs. 100 for statement o/s less than or equal to Rs. 500.
	Rs. 500 for statement o/s between Rs. 500.01 to Rs. 10,000.	Rs. 500 for statement o/s between Rs. 500.01 to Rs. 10,000.
	Rs. 700 for statement o/s greater than Rs. 10,000)	Rs. 700 for statement o/s greater than Rs. 10,000)
Returned Cheque Charges	2% subject to a minimum of Rs. 500	2% subject to a minimum of Rs. 500
Foreign Currency Mark Up	Upto 3.50%	Upto 3.50%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)*	Waived	Waived
Fuel Surcharge (1% on transaction)**	Waived	Waived
Fee for Cash Payment at Branch	Rs. 100	Rs. 100
Card Replacement Fee (Lost & Damaged Cards)	Waived	Waived
Please Note:
GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card
*Maximum Railway surcharge waiver of Rs. 500 in a calendar year
** Fuel surcharge to be waived only for transactions between values of Rs. 500 - Rs. 3000. Maximum Fuel surcharge waiver of Rs. 3500 in a calendar year

Why Choose Kotak Purchase Credit Card

Here are some reasons to choose Kotak Purchase Credit Card

Centralised Payment Management

Simplify admin, online marketing, and IT expenses management with a single card for streamlined payments and control.

Flexible Credit Periods

Take advantage of interest-free periods ranging from 37 to 48 days, providing your company with greater flexibility and improved cash flow management.

Incentives and Rewards

Earn monthly incentives and rewards on all transactions, maximizing savings for your business and rewarding regular use.

Dedicated Service Manager 24x7:

Get a dedicated Relationship Manager and Service Manager for communication and assistance with Kotak Mahindra Bank

Purchase Credit Cards for All Your Business Needs: Choose From the Best

Choose the ideal Purchase Card that aligns with your company’s financial needs and goals.

Kotak Purchase Credit Card

Earn monthly consolidated
cashbacks for all transactions

Dedicated Retationship
Manager and Service Manager

Joining Fee: NIL

Annual Fee: NIL

Kotak TMC Credit Card

Make payment towards bus
tickets, airline tickets, hotels,
visa services, and other value
added services

Dedicated Retationship Manager
and Service Manager

Joining Fee: NIL

Annual Fee: NIL

How to Apply for a Kotak Purchase Credit Card?

To apply for a Purchase Credit Card, please click the “Apply Now” button and complete the required information. Our team will reach out to you to guide you through the next steps of the application process.

Frequently Asked Questions

What is a Purchase Credit Card?

A Purchase Credit Card is specifically crafted to help businesses manage their expenses, such as paying vendors and purchasing office supplies. It comes with features like tracking expenses and flexible credit limits to streamline management.

What are Purchase Credit Card Benefits which you can avail?

The benefits of using Purchase Credit Cards include interest free period, waivers on fuel surcharges, a customisable credit limits, round the clock service managers and exclusive on merchant transactions.

How can a business apply for a Purchase Credit Card?

What expenses can be paid using a Purchase Credit Card?

A Purchase Credit Card can be utilised for a variety of business expenditures such as payments, accounts payable, centralised travel expenses, office supplies procurement, utility bills payment and other operational costs to facilitate efficient management within the business.