Amazon Pay and Kotak Mahindra Bank have launched a new co-branded credit card aimed specifically at small businesses and sole proprietors in India. Called the Amazon Pay Kotak Business Credit Card, the card combines cashback rewards with an interest-free credit period, No Cost EMI, and other benefits designed to help businesses manage their purchases and working capital.
This is quite a big announcement at GFF, especially considering the massive popularity of the Amazon Pay ICICI Credit Card. The launch of a dedicated business credit card from Amazon Pay, this time in partnership with Kotak Mahindra Bank, could make the product particularly interesting for the small-business segment
Features of Amazon Pay Kotak Business Credit Card
- 5% Cashback on eligible Amazon Business purchases, flights and hotel bookings for Amazon Prime members.
- 3% Cashback on eligible Amazon Business purchases, flights and hotel bookings for non-Prime members.
- 2% Cashback on bills and recharges through Amazon Pay.
- 1% Cashback on other eligible spends.
- Up to 48 Days Interest-Free Credit on eligible transactions.
- 3-Month No Cost EMI on eligible purchases.
- AWS Credits for AI services, cloud computing and data storage.
- Up to 18% GST Benefits on eligible Amazon Business transactions.
The 5% cashback on eligible Amazon Business purchases, flights and hotel bookings is capped at 5% of the cardholder’s monthly credit limit.
Bottom Line
The Amazon Pay Kotak Business Credit Card is a new business-focused credit card that brings together cashback, working-capital flexibility and business procurement benefits. The combination of up to 5% cashback, up to 48 days of interest-free credit, three-month No Cost EMI, GST benefits and AWS credits makes it an interesting option for sole proprietors who already use Amazon Business for their purchases.
The ₹499 annual fee is also relatively straightforward, with the fee waived on eligible annual Off-Amazon spends of ₹3 lakh. For small businesses that regularly purchase through Amazon Business, the card could be particularly useful as it combines business spending, cashback and short-term credit flexibility in one product.