The Purchase Premium Credit Card is a high-end Credit Card that offers exclusive rewards, CashBack, and benefits to enhance your lifestyle.

An interest rate of 1.99% per month (23.88% annually) will be applied on the outstanding amount while revolving.

Click here to view the Schedule of Charges on Revolving Credit and other charges as well

Payments can be made via cheque, auto debits or online modes such as NEFT, RTGS Full payment needs to be made by the corporate to Bank

The monthly cashback amount is capped to ₹1,500

Regular and special merchants will be classified as per the final merchant category code received by the bank in transaction settlement file.

Maximum of 15,000 reward points can be accrued per statement cycle on Purchase Premium.

The Purchase Premium Credit Card works by providing cashback on minimum monthly spends, reward points for every transaction, fuel surcharge waivers, and various other privileges.

Yes, both Reward points & Cashback will be applicable on this product. But if a transaction is eligible for cashback on business essential spends then the same transaction will not qualify for reward points.

All payments are considered while calculating MAD, except the payments done on Vendor Payment portal.

Yes, auto debit is possible on Purchase Premium Card

Each reward point will have a value of 20 paisa.

Yes, the corporate is eligible 1% fuel surcharge waiver.

No, there is no surcharge at Bank’s end on electricity payment through Purchase Premium Card. However, if the biller surcharges on their website for payment through credit card then the same will be applicable on Purchase Premium Card as well.

30 + 20 Days

Transactions under Regular MCC will accumulate reward points. However, if a transaction receives cashback for Business essential expenses, it will not qualify for reward points. Special MCCs, fuel, charity, rent payment type of expenses will not be eligible for the reward points.

The fuel surcharge waiver is capped up to ₹500.

The corporate can revolve 30%(MAD) of Total Amount Due (TAD). While calculating the MAD, other charges such as interest, fee, GST, etc. are excluded

The customer is eligible for 5% CashBack on business essential spends, subject to minimum overall statement spends of ₹1,00,000/-.  Apart from this corporate will not be eligible for any other form of CashBack.

Hotels, Rail, Road, Taxi, Utility, Taxes & Telecom are part of business essential spends. 

No, If the Customer is delinquent for any product withing the bank, they will not receive cashback for their Purchase card spends in delinquent month. Additionally, any missed cashback due to delinquency will not be processed or paid in subsequent months.

A Purchase Premium Credit Card can be used for everyday purchases, bill payments, tax payments, balance transfers, and enjoying exclusive offers on movies and travel.

The reward point will expire after a period of 12 months.

Yes, multiple Purchase Premium Card can be issued to a company as per their requirement up to a maximum of ten cards.

Four reward points will be earned by the corporate for every ₹150 spent.

Yes, Merchant Category Code (MCC) wise restriction is possible on Purchase Premium Card, relevant MCC group/promo id needs to be selected by corporate on the MID while submitting application