Axis Bank Commercial Credit Card

Axis Bank Commercial Credit Card Highlights:

• Manage your travel policies and negotiate terms with your suppliers.
• Employees can easily keep their official expenses and personal spends separate.
• Reimbursement process is simplified using this credit card.

Benefits of Axis Bank Commercial Card:

The Axis Bank Commercial Card comes with a myriad of benefits. These are as follows:

• Lounge benefits: Use your Corporate Credit Card to access International and Domestic airport lounges.
• Streamlining all payments: The organisation that you work for will be tracking all your expenses on travel and entertainment. If you are a corporate, you can assign spending limits to individual employees so that you have better control over expense management.
• Better deal: Avail access to detailed information about transactions. This information can be used for negotiating discounts with the key vendors. Your employee compliance can also be managed with the travel policies supported with the merchant level organisational spends.
• Rewards program: You can earn a lot of points using this particular credit card and redeem the points for gift vouchers and exciting offers. You can check out the list of things that you can choose from on the official website of the bank, when you redeem the accumulated points.
• Insurance protection: Avail insurance coverage with the Axis Bank Corporate Card.

Features of Axis Bank Corporate Card:

The Corporate Credit Card offered by Axis Bank comes with several attractive features. These are as follows:

Corporate Liability: These credit cards help you to manage all your travel policies. Along with that, these cards help in negotiating the preferential terms with the major suppliers. After the corporate’s credit assessment is done, these credit cards can be issued. The corporates then assign the limit on the individual credit cards. The liability for the total outstanding balance on the card is borne by the corporate. Payment for the card is directly made to Axis Bank once every month instead of making multiple payments to the suppliers or the employees.

Individual Liability: These credit cards work on the same lines as any other regular credit card. These cards help the employees to keep their personal expenses and corporate spends separate. They also simplify the process of reimbursement. The credit limit is assigned to the employee after proper individual assessment.

Other features of the card are as follows:

• You can check all the details of your card using Internet Banking. These include viewing the credit limit, outstanding balance, available limit and total due amount.
• You can easily pay all your utility bills using the Corporate Card. These include telephone bills, electricity bills, internet bills, etc.
• Keep a track of all the unbilled transactions with information such as history of the transactions, name of merchants and amount of these unbilled transactions.
• Avail the credit statement for the past 13 months.
• When you use the Axis Bank Corporate Card, you can get the name of your organisation embossed on the card. This will provide recognition and association to the employees.
• The organisation that you work for can avail substantial discounts on the all the hotel booking and flight ticket purchase when they do it online.
• Avail fuel surcharge waiver across all the petrol pumps in India. The minimum transaction must be Rs.400 and the maximum transaction can be Rs.4,000 to avail the waiver.
• Enjoy easy online access to all your transactions and manage your data better. You can avail more than 100 interactive reports and schedules every day. This particular facility has the capability to extract flexible data. You can also restrict access at all the user levels.

Eligibility:

• You must fill up the CIB application form and register the user who will be using the commercial card.
• Choose the option that says Commercial Cards.
• When the on-boarding is successful, then the user will be able to access the commercial corporate cards.

Documentation:

Documents required for Corporate Liability are as follows:

• AOA/MOA.
• Corporate PAN card.
• Board Resolution.
• Corporate Application Form.
• Post Credit Appraisal.

Documents required for Individual Liability are as follows:

• Form 60 or PAN card.
• Salary slip, Form 16, offer letter.
• Address proof including driving licence, ration card, electricity bill, etc.

Fees and Charges:

Corporate Liability:

Individual Liability

FAQs

1. What is the cost that is covered for baggage loss?

   The cost that is covered for baggage loss is Rs.30,000.

2. Do I get any airport lounge benefits with the Axis Bank Commercial Credit Card?

   Yes, you can get domestic airport lounge benefits with the credit card.

3. What is the mark up for foreign currencies?

   You will get a markup of 3.50%.

4. What is the penalty I have to pay for over limit?

   You have to pay 3% of over limit amount, subject to a minimum amount of Rs.300.

5. Do I need to pay any fee to get a duplicate credit card statement?

   No, you do not have to pay any fee.