Kotak Purchase Credit Card Review 2026: Centralised Vendor and Tax Payments, No Fee, Fees & FAQs

The Kotak Purchase Credit Card is not a travel-and-entertainment card and shouldn't be compared to one. It is issued in the company's name, with corporate liability, and exists for one purpose: centralised payment of administrative expenses, accounts payable, vendor payments, tax and GST, utilities, online marketing, IT costs and subscriptions.

It has no lounge access, no travel insurance and no employee-facing benefits. What it has is nil fees, a 48-day interest-free period on payables, and a dedicated relationship manager.

As with every card in Kotak's corporate range, the reward rate is not published. The page says "Earn monthly incentives and rewards on all transactions on your card" and stops there.

Quick Overview

What it's designed for

Kotak's own list of use cases:

• Tax payments — a dedicated card for timely, secure tax obligations
• GST payments — streamlining compliance and avoiding late-payment penalties
• Utility payments — consolidating electricity, water and other bills
• Employee reimbursements — simplifying expense claims and reconciliation
• Subscription payments — recurring software, cloud service and platform subscriptions

Plus vendor payments, excise duty and online marketing spend.

The distinction from the Corporate Gold, Platinum and Wealth Signature cards is real: those are T&E cards handed to employees who travel. This one sits with finance and pays the company's bills.

Key Features

Interest-free credit period of up to 48 days on payables. On a purchase card settling vendor invoices, that is working capital rather than a perk.

Dedicated Relationship Manager and Service Manager, 24×7, for personalised assistance.

Worldwide acceptability at Visa merchants.

Corporate liability — the company, not any individual, is on the hook.

Rewards: what is and isn't known

What the page says: "Earn monthly incentives and rewards on all transactions on your card."

What the corporate MITC adds:

• Clause 7.1: the Incentive Program is offered at the bank's exclusive discretion, may vary from card to card, and has its rate and qualifying spends communicated to each corporate by a Commercial Card Relationship Manager by email
• Clause 7.3.13: the incentive is paid to the corporate, by funds transfer, NEFT or RTGS
• Clause 7.3.21: reward points expire two years from the date earned

What is never stated: points per rupee, the value of a point, accelerated categories, caps or exclusions.

On a card whose entire purpose is routing large, predictable payables, the incentive rate is the number that decides whether the card is worth issuing. Get it in writing before you commit.

The incentive can be withdrawn

Same conditions as the rest of the corporate range: forfeited on a delinquent card account, not paid if the Commercial Card Program isn't renewed, nullified if Kotak closes the programme — and under clause 7.3.10, if the client doesn't upload invoices and Kotak can't claim input credit, the bank may recover from future incentive or close the cards.

Fees and Charges

The minimum amount due is "Up to 100%" — a charge-card-style settlement rather than a revolving minimum. In practice the company clears the full balance each cycle. That is materially different from the 20% on Kotak's other corporate cards and from the 1%-plus-charges formula on its retail range, and it is the correct design for a payables card.

The forex markup is phrased as "Up to 3.50%", which suggests it may be negotiated lower for a given corporate. The 3.50% carried here is the ceiling.

Both surcharge waivers apply, unconditionally.

A note on the fees table: Kotak's page shares a table with a second product, the TMC Credit Card, which is not covered by this review. The TMC column shows a ₹999 annual fee and a much lower 1.49% monthly interest rate (17.88% APR) against the Purchase Card's nil fees and 3.30% monthly. Make sure you're reading the right column.

What it doesn't have

Worth stating plainly, because the corporate range is easy to confuse:

• No lounge access, domestic or international
• No travel insurance. The corporate MITC's insured-variant list names Basic, Classic, Privy League Platinum, Corporate Platinum in its three liability forms, Corporate Wealth Signature and Solitaire Business — the Purchase Card is not among them
• No cash withdrawal
• No published reward rate
• No fee, which is consistent with all of the above

Purchase Card vs the T&E cards

These are complementary, not competing. A company with employees on the road and a finance team paying vendors would issue both — the Wealth Signature for travel, the Purchase Card for payables.

Who Should Get the Kotak Purchase Credit Card

Good fit if:

• Your finance team pays vendors, GST, advance tax, utilities and SaaS subscriptions and wants them on one instrument
• You want a 48-day interest-free window on payables as working capital
• You want centralised control and reconciliation rather than employee expense management
• You can negotiate a worthwhile incentive rate with your relationship manager

Look elsewhere if:

• You want a card for employees who travel — that's the Corporate Gold, Platinum or Wealth Signature, and they carry lounge access and insurance
• You want a published reward rate — no Kotak corporate card has one
• You need cash withdrawal or any employee-facing benefit

Frequently Asked Questions

Is this card for individuals or employees? Neither. It's issued in the company's name with corporate liability, for centralised payment of company expenses.

What's the fee? Nil joining and nil annual, with NA in both waiver columns because there's nothing to waive.

How many reward points does it earn? Not published. The corporate MITC says the Incentive Program is set per corporate at the bank's discretion and emailed by a relationship manager.

Who receives the incentive? The corporate, by demand draft or bank transfer. Redemption is arranged through the Program Administrator or Authorised Signatory.

Do reward points expire? Yes, two years from the date earned.

What's the minimum amount due? Up to 100% of the statement outstanding — this is a charge-card-style settlement, not a revolving minimum.

Can I withdraw cash? No. ATM withdrawal, call-a-draft, fund transfer and cash advance all show NA.

Is there lounge access or insurance? No to both. This is a payables card, not a travel card, and the corporate MITC's insured-variant list doesn't include it.

What's the forex markup? Up to 3.50%. The phrasing suggests it may be negotiated lower for a given corporate.

What's the TMC column on the fees page? A separate product — the TMC Credit Card, with a ₹999 annual fee and a 1.49% monthly interest rate. It isn't covered by this review.

Fees, benefits and terms verified against the Kotak Purchase Credit Card product page and the Kotak Corporate Credit Card MITC (Corp-CC-MITC), as at 23 September 2026. The corporate MITC may lag the fees-and-charges page; the page is preferred where they differ. The reward rate is not published in either source.