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Axis Bank Purchase Card
Axis Bank's commercial PurchaseCard streamlines an organisation's recurring vendor payments — utilities, stationery, telecom — through a procure-to-pay workflow, available as both a physical and a virtual card. It's built for corporate finance teams, not individual cardholders.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
0.5%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar whose spend is concentrated in utilities. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
Benefits by category
- 🧾 Utilities
1% reward rate
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: self-employed
- Age: 21–65
Fees & charges
- Foreign currency markup: 3.5%
Benefits
- Extended credit period of up to 51 days for vendor and recurring payments.
- Physical and virtual (web-based) card issuance for procure-to-pay spend tracking.
Pros
- + Up to 51-day extended credit period
- + Available as a virtual card for web-based payments
- + Dedicated relationship manager support
Cons
- − Only available to registered businesses
- − No consumer-style rewards or lifestyle perks