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Amazon Pay and Kotak announce a business cashback card

Kotak's 9 September release prices a co-branded business card for Amazon Business sellers: nil joining, ₹499 a year, and 5%/3% back on Amazon Business purchases, flights and hotels.

What changed

Better for you

Launch · Kotak Mahindra Bank

Before

No Kotak–Amazon Pay co-brand on our list

After

Nil joining, ₹499 a year plus taxes (₹3 lakh Off-Amazon waiver), 5%/3%/2%/1% cashback grid

See it with every other change

The card this affects

Kotak Mahindra Bank and Amazon Pay announced a co-branded credit card for sole proprietors and small business owners registered on Amazon Business on 9 September 2026. The release lists the benefits under the heading “Proposed Card Features & Benefits”:

  • Fees: nil joining, ₹499 plus taxes a year, waived at ₹3 lakh of eligible off-Amazon spend.
  • 5% back for Prime members, 3% for everyone else, on eligible Amazon Business purchases and on flight and hotel bookings, capped at 5% of the monthly credit limit.
  • 2% on bills and recharges through Amazon Pay, 1% on everything else.

The release does not publish a network, lounge access, a forex markup or an MITC, and Kotak had no product page for the card when we last checked on 25 September. So the card is in our rankings as a business card with availability unknown, and every one of those fields is blank, not zero.

Source: Kotak Mahindra Bank media release, 9 September 2026.

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  2. HDFC SmartBuy cuts Amazon Pay to 1X — 5X accelerated earnings ends

  3. Kotak Dream Different's reward points expire on 30 September

  4. September is expensive: Kotak's ₹424 door, Amex's milestone cut, and Axis's fee doubling land within ten days

  5. Kotak halves dynamic currency conversion on Dream Different, 3.5% to 2%

  6. Kotak's Dream Different joining fee goes ₹250 → ₹424 and the waiver disappears

Kotak Mahindra Bank transfer partners

Sources

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