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Kotak Purchase Credit Card

Best for EMI transactions, big purchases

₹500/yr annual fee

Visa

By FinWiz24 Research Desk · Last reviewed · How we review

FinWiz24 Research Desk

FinWiz24 Research Desk

Verified independently against issuer Terms & Conditions

Editorial Team

Annual fee

₹500/yr

Reward rate

Not published

Min. income

₹1,50,000

Forex markup

Not published

Lounge access

None

Eligibility

₹1.50 lakh/yr · CIBIL 650+

Reward cap

₹500/month

Welcome benefit

None beyond the reward rate

Who is this for

  • EMI seeker
  • Big purchaser

What we like

  • 1.5% on EMI transactions
  • Low annual fee

Watch out for

  • Limited lounge access

Fees and charges

Fee Amount Waiver
Joining fee ₹500 Not waivable
Annual fee ₹500 Waived on Rs 2 lakh annual spend
Late payment ₹500 Not waivable

Rewards

Spend category Rate Cap Redemption
EMI 1.50 ₹500/month 1.00
All spends 1.00 No cap 1.00

Benefits

  • EMI benefits Highlight

    Special cashback on EMI conversions

  • Fuel surcharge waiver

    1% waiver on fuel transactions Rs 500-3,000

Eligibility

Age
18–65 years
Min. income
₹1,50,000
Min. credit score
650+
Score note
Stable income
Employment
Salaried, self-employed
Documents
PAN, Aadhaar, salary slips / ITR

Kotak Purchase Credit Card is a VISA credit card from Kotak Mahindra Bank. It is best suited for EMI transactions, big purchases.

Fees and rewards

  • Annual fee: Rs 500
  • Joining fee: Rs 500
  • Rewards: 1.5% on EMI transactions; 1% on all other purchases

Eligibility

PAN, Aadhaar, salary slips / ITR

Card data compiled from issuer published fee schedules. Status: active.

Apply for Kotak Purchase Credit Card

Last reviewed · How we review

FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.

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Frequently asked questions

Is the Kotak Purchase Credit Card worth it?
Kotak Purchase Credit Card is a credit card issued by its bank. Whether it is worth it depends on your monthly spend pattern and whether the annual fee (if any) is waivable. Compare the fee and reward rate on this page against your expected annual spend to make an informed decision.

What is the annual fee for the Kotak Purchase Credit Card?
Kotak Purchase Credit Card charges ₹500 as the annual fee. Most issuers waive it on minimum annual spends — check the fee tile on this page for the waiver condition.

How does the Kotak Purchase Credit Card reward rate work?
Kotak Purchase Credit Card earns structured rewards that vary by spend category. Check the rewards tile on this page for the full multiplier schedule.

What are the eligibility requirements for the Kotak Purchase Credit Card?
To qualify for Kotak Purchase Credit Card, you typically need: minimum annual income ₹1,50,000; CIBIL score of 650+; Salaried / self-employed only. The eligibility tile on this page has the full published criteria.

Does the Kotak Purchase Credit Card offer airport lounge access?
Kotak Purchase Credit Card does not publish complimentary airport lounge access as a benefit.

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Disclaimer: Card details are based on publicly available issuer schedule of charges. Eligibility and approval are at the issuer’s sole discretion. FinWiz24 does not guarantee card approval or specific terms. Always read the issuer’s terms and conditions before applying.

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