Kotak Purchase Credit Card

The Purchase credit card offered by the Kotak Bank is designed to streamline a company or organisation’s everyday miscellaneous expenses. This credit card is issued in the company’s name and is ideal for managing excise duty transactions, centralising vendor payments, and enhancing overall purchasing efficiency.  

The company can apply for a Kotak Purchase credit card through the official website or through the nearest Kotak Bank branch. Offered at a zero joining fee, this credit card is a perfect choice for improving financial control of the organisation and management of day-to-day business expenses. Read on to know more about the Kotak Purchase credit card.

Features and Benefits of Kotak Purchase Credit Card

The features and benefits of the Kotak Purchase Credit Card are as listed below: 

  1. Streamlined Payments: This credit card allows the company to streamline all their payments under one account. The company can manage its tax obligations, utility bills, subscriptions, reimbursement for employees, etc. using just one credit card
  1. Rewards and Incentives: With this credit card, you earn incentives and rewards every month for all your transactions. 
  1. Interest-Free Credit Period: This credit card also offers an interest-free period of up to 48 days for settling your outstanding dues. 
  1. Accepted Globally: The Kotak Purchase Credit Card is accepted globally, which means you can use it for making payments to onshore vendors. 
  1. Dedicated Service Manager: This credit card also offers personalised assistance to the company through a dedicated relationship manager.

Documents Required to Apply for Kotak Purchase Credit Card

The documents required to apply for a Kotak Purchase Credit Card are as listed below: 

  1. Company’s Identity Proof: PAN card, Registration Documents, etc. 
  1. Company’s Address Proof: Registration papers, Electricity bill, etc. 
  1. Company’s Income Proof: Bank Statements, Income Tax Return, etc. 

Note: The above-listed documents are in general, and additional documents may be requested by the bank as per the requirements.

Fees and Charges for Kotak Purchase Credit Card

The fees and charges for Kotak Purchase Credit Card are as listed below: 

Category 

Charges 

Joining Fee 

Nil 

Annual Fee 

Nil 

Add-on Card Fee 

Not Applicable 

Rate of Interest Charged on Outstanding Balance 

3.30% or 39.6% p.a. 

Minimum Amount Due 

Up to 100% 

Late Payment Fee 

Below or up to Rs.500: Rs.100

For Rs.500.01 to Rs.10,000: Rs.500

For greater than Rs.10,000: Rs.700 

Card Replacement Fee 

Waived 

Cash Payment at Branch Fee 

Rs.100 

FAQs on Kotak Purchase Credit Card

  • How can I apply for the Kotak Purchase Credit Card?

    You can apply for this credit card online through Kotak Bank’s official website or offline by visiting the nearest Kotak Bank branch.  

  • How much is the joining fee for the Kotak Purchase credit card?

    The Kotak Purchase credit card is offered at a zero joining fee. 

  • Will I be charged a card replacement fee for the Kotak Purchase credit card?

    No, you will not be charged a card replacement fee for the Kotak Purchase credit card. 

  • How much will be charged for making a cash payment at the branch for the Kotak Bank Purchase credit card?

    You will be charged Rs. 100 for making a cash payment at the branch for the Kotak Bank Purchase credit card. 

  • How much is the interest-free credit period for the Kotak Bank Purchase credit card?

    The Kotak Bank Purchase credit card offers an interest-free credit period of 48 days. 

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