Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Corporate Credit Cards

    Corporate credit cards are exclusively designed for organisations which in turn offer the same to their employees to manage their business expenses. Corporate credit cards are different from business credit cards as the latter are offered to business owners, self-employed, and professionals for their personal use. Corporate credit cards help businesses to regulate how employees spend money for business expenses.

    List Of Corporate Credit Cards In India

    Listed below are some corporate credit cards offered by various issuers in India. Each come with a different set of benefits and features.

    Corporate Credit Card Variant Key Features

    Citibank Corporate Credit Card

    • Travel and entertainment expense (T&E) spend management tool
    • Secure online bill payment facility
    • Easy access to local foreign currency

    HDFC Premium Corporate Card

    • 24x7 online MIS (management information system)
    • Integrates with existing account system
    • Complimentary Priority Pass membership
    • Accident Insurance cover of Rs.1 crore on air travel

    HDFC Corporate Platinum Card

    • 24x7 online MIS
    • Streamlines accounting procedures
    • Category-wise MIS reports
    • Accident Insurance cover of Rs.1 crore on air travel

    YES FIRST Corporate Credit Card

    • 24X7 online MIS tool
    • Individual statements for all cardholders
    • Controls at various levels including merchants, daily limits, international spends, etc.
    • Free air accident insurance

    IndusInd Bank Corporate Card

    • A powerful Expense Management platform
    • Smart data generation - spend analysis, category-wise spends tracking
    • Integrates with existing ERP system
    • Designated relationship manager
    • Consolidated payment

    Kotak Mahindra Corporate Wealth Signature Credit Card

    • Expense Management with Kotak Visa Intellilink
    • Universal acceptability
    • Consolidated payment solution
    • Airport lounge access
    • Dedicated service manager

    Kotak Mahindra Corporate Platinum Credit Card

    • Expense Management system
    • Universal acceptability
    • Consolidated payment solution
    • Airport lounge access
    • Dedicated service manager

    Axis Bank Corporate Credit Card

    • Unique MIS system
    • Efficient expense reporting system
    • Interactive reports
    • Airport lounge access
    • Single payment solution

    SBI Platinum Corporate Card

    • Visa Intellilink spend management tool
    • Multilayer spend control
    • Air accident cover worth Rs.1 crore
    • Complimentary membership to Priority Pass Program
    • Accepted globally

    The American Express Corporate Card

    • Easy expense management system
    • Business savings
    • Flexible billing and payment system
    • Travel insurance

    Features Offered By Corporate Credit Cards

    Citibank Corporate Credit Card

    The Citibank Corporate Card provides a robust travel and expense (T&E) spend management tool for companies. It streamlines travel and entertainment expense reporting and also provides multiple rewards for using the card across the globe.

    Benefits for businesses

    • Offers an online Visa IntelliLink spend management tool to manage all expenses.
    • Businesses can access statements online, get customised reports, access expense management tool and figure out top suppliers for better negotiations.
    • Prevents the need to issue advance foreign exchange to employees for travel.
    • Access to a consolidated statement for all member corporate cards.
    • Bill payment can be done to all card members at a time using cheque or RTGS or NEFT.

    Benefits to employees

    Employees who are offered corporate credit cards can enjoy the following benefits.

    • Earn never expiring reward points on every purchase made using the card. 2 reward points on every Rs.125 spent.
    • Employees can redeem reward points for air miles, hotel booking, gift coupons, premium merchandise, etc.
    • Access to local currency during foreign travel
    • 24/7 priority assistance services on phone any time

    HDFC Corporate Card

    The Corporate Credit Card offered by HDFC is a premium category card that offers both travel and entertainment benefits to cater the needs of the various organisations.

    Joining fee: NIL

    Annual fee: NIL (Life-time free)

    Interest rate: 2.95% per month

    Benefits for businesses

    • Corporates will get 24x7 access to online management information system (MIS)
    • More than 50 MIS reports will help firms make informed decisions
    • Provides spending analysis by category
    • Integrates with the existing system in the company
    • Minimizes paperwork and simplifies reconciliation and compliance tasks

    Benefits to employees

    Employees who are offered corporate credit cards can enjoy the following benefits.

    • Earn 5 reward points for every Rs.150 spent on the card. Redeem reward points for air miles and hotel bookings.
    • Fuel surcharge waiver of 1% on fuel transactions between Rs.400 and Rs.10,000
    • Complimentary Priority Pass Membership. 6 free lounge visits to Priority Pass lounges outside India in a year.
    • 8 free domestic lounge visits per year through MasterCard or Visa lounge access program.
    • Air accident cover worth Rs.1 crore on air travel.

    HDFC Corporate Platinum Card

    The HDFC Corporate Platinum Credit Card offers one of the best online management information system (MIS) for the companies to track employee expenses. It provides equal benefits for the employees in terms of reward points, free lounge visits, insurance cover, etc.

    Joining fee: NIL

    Annual fee: NIL (lifetime free)

    Interest rate: 3.49% per month

    Benefits for businesses

    • Corporates will get 24x7 access to online management information system (MIS)
    • More than 50 MIS reports will help firms make informed decisions
    • Provides spending analysis by category
    • Integrates with the existing system in the company
    • Minimizes paperwork and simplifies reconciliation and compliance tasks

    Benefits to employees

    Employees who are offered corporate credit cards can enjoy the following benefits.

    • Earn 3 reward points for every Rs.150 spent on the card. Redeem reward points for air miles and hotel bookings.
    • Fuel surcharge waiver of 1% on fuel transactions between Rs.400 and Rs.5,000
    • 8 free domestic lounge visits per year through MasterCard or Visa lounge access program.
    • Air accident cover worth Rs.1 crore on air travel and Rs.3 lakh on rail or road travel.

    YES FIRST Corporate Credit Card

    YES FIRST Corporate Credit Card is designed to be your preferred mode of payment across categories like Air Travel, Hotel Stays, Dining, Car Rentals etc. The card is designed with class-leading features and user-friendly online tools which assist in authorizing, tracking and processing expense & payment data.

    Joining Fee: NIL

    Annual fee: NIL

    Interest rate: 2.4% per month

    Benefits for employees

    • 24X7 online MIS tool that provides a comprehensive view of all employee and corporate spends.
    • Provides up to 60 customized reports that can be scheduled on a daily, weekly, monthly basis for various analysis.
    • Integrates seamlessly with the existing ERP system and expense management tools.
    • The individual and consolidated statement can be generated.
    • Single payment solution to enable payment towards all corporate cards in a single go.
    • Enables merchant category level control and limit set-up on a daily, weekly, or monthly basis.

    Benefits to employees holding the card

    • Up to 3 complimentary lounge visits per quarter to domestic airports.
    • 3 reward points on every Rs.100 spent on all retail categories.

    A comprehensive insurance policy that covers air accidents, emergency hospitalization, credit shield.

    Axis Bank Corporate Credit

    The Corporate Credit Cards offered by Axis Bank provides an efficient travel and expense management solution to companies and organizations. The cards are accepted worldwide and come with customized solutions that meet the needs of most corporates.

    Joining fee: Communicated by the company

    Annual fee: Communicated by the company

    Interest rate: NA. Revolving credit facility not available. Full payment needs to be made at the end of each month.

    Benefits for business:

    • Features a unique online MIS that enables better analysis and decision making.
    • The efficient expense reporting system, reporting procedures, and claim settlement methods.
    • Control travel and entertainment expenses of employees by setting limits
    • Easy to manage travel policies and negotiations with key suppliers
    • Consolidated payment mechanism to make a single payment once a month.

    Benefits to employees holding the card:

    • Airport lounge access at select airports in India.
    • Earn reward points on both domestic and international spends. 1 reward point on every Rs.200 spent on domestic spends and 2 points on international spends.
    • 1% fuel surcharge waiver on fuel transactions between Rs.400 and Rs.4,000
    • Comprehensive insurance policy providing coverage for air accident, lost card, lost baggage, baggage delay, missed and delayed flights.

    SBI Platinum Corporate Card

    Featuring smarter expense management, the SBI Platinum Corporate Card enables the companies to easily track and control the expenses while providing real-time expense management.

    Joining fee: NIL

    Annual fee: NIL (lifetime free)

    Interest rate: Up to 3.35% per month.

    Benefits for businesses:

    • Accepted across the globe at more than 35 million outlets including 3 million outlets in India.
    • Comes with a Visa Intellilink spend management tool that enables the organizations to analyze its spending pattern and to control expenses better.
    • Complimentary insurance that offers coverage for the corporate card liability against employee fraud
    • Category control that enables prevention of specific spends and limits control to set daily, weekly, or monthly limits.

    Benefits for employees

    • Emergency card replacement from anywhere in the world.
    • Air accident cover worth Rs.50 lakh. Lost card liability cover worth Rs.3 lakh. Travel insurance cover of up to Rs.1 lakh.
    • The discounted membership fee to Priority Pass Programme that provides access to more than 600 international airport lounges across the globe.
    • 2 free lounge visits per quarter to airports in India.

    Benefits of Corporate Credit Cards

    While each credit card issuer offers different benefits on their corporate credit cards, there are some common benefits which companies can enjoy by availing corporate credit cards.

    Listed below are various benefits offered by corporate credit cards.

    • Track and control expenses: Every corporate credit card provides access to a smart spending management tool, which enables the companies to track and analyse the organisation's spending behaviour related to travel and entertainment.

    The tool helps the employer to know the spending pattern on the cards, to identify top suppliers for better negotiations and also to set controls for card usage.

    • Category control: Companies can also restrict certain merchant categories such as casinos, jewellery, etc., to prevent employees from spending even inadvertently.
    • Airport lounge access: Most cards offer membership to various priority pass programmes through which employees or card members can enjoy complimentary lounge visits at both domestic and international airports across the world.
    • Insurance cover: The Corporate credit cards also offer travel insurance that offers coverage for air accidental death, lost card, loss of baggage, missed flights, flight delay, loss of passport, fraud or misuse of card, etc.

    How to Apply For Corporate Credit Cards Online?

    Most banks allow online application for corporate credit cards. You can visit the website of respective bank, check the available credit cards, choose the one that suits your organisational needs and apply for the same on the bank's website.

    Upon submitting the online application, the bank may call you back provided the details match the eligibility criteria. The further steps in the application process will then be informed to you over the call.

    You can also apply for some of the corporate credit cards through BankBazaar, which is an authorised partner of top banks in India.

    Steps to apply through BankBazaar website

    • Visit bankbazaar.com and select the card that you wish to apply for.
    • Click the 'Eligibility' button to check your eligibility for the card
    • If you are eligible, you will find an option to Apply, click on the same, enter the required details and submit
    • You would be asked to upload the required documents.
    • Once they are uploaded, click 'Submit'.

    On successfully submitting the application and the necessary documents, you would receive an 'Application ID'. Use this ID to track your application status by clicking 'Track Application'.

    Learn the Policies of your Company on Corporate Credit Card

    No matter what type of corporate credit card your company gives you, it is very important familiarize yourself with reporting and spending rules of your employer.

    Understand the travel policies, spending limits, procedures and restrictions associated with the credit card. For example, an organisation might state that car rentals and flight tickets fall under the category of approved travel spends, but toll costs and fuel charges must be given by the employer from his/her own pocket.

    Along with learning all the major company policies on the use of corporate credit cards, you must also know about policies that are specific to your position or designation in the organisation. For example, a field engineer and the CEO might have different spending profiles.

    As a cardholder, you must find out the limits and types charges associated with your corporate credit card.

    Charge limits can exist within the approved categories for spending too. Some of the expense restrictions are established for various kinds of merchants. Such control suggests that the employer can cap the charges at a particular level for the office supplies but offer more for the flight tickets.

    The transactions being carried out at any given time can also be tracked and controlled by your employer which stops you from overspending.

    You should also take proper training for using a corporate credit card. At times, these training sessions are made mandatory by the companies.

    Compared to traditional methods such as providing liquid cash to employees or asking them to use their own money and reimburse it, corporate credit cards provide better control for the businesses.

    With corporate credit cards, business can set spending limits, billing options, and spending options for each employee on different categories.

    An interesting aspect of corporate credit cards is the spend management platform they offer. All the cards are integrated with an online platform providing the businesses the power to control everything related to the cards in real time.

    The expenses management platform enables organisations to load funds, set limits, view the spends on all the cards across the organisation, order new cards, cancel or suspend existing ones, and the overall spend data across employees, departments, projects, time periods, etc., as per the company's requirement.

    Important Points Related to Corporate Credit Cards

    Avoid Pitfalls

    Unapproved charges can be a threat to corporate credit cardholders. If you have an individual payment card, you must submit your expense report and get it approved by your company's management. In case there are unapproved charges on your corporate credit card statement, then you can be on the hook.

    Also, mixing corporate expenses and personal expenses can be a bad idea. At times, you might feel like skipping the hassle of using your personal credit card for your expenses when you are on a business trip. When the expenses are tracked, you could land into collision course with your employer.

    Use Simple Logic

    If you are spending on something that is related to work, make sure that the particular spend is 100% related to your work. Don't spend on things that have chances of going into the unapproved charges bucket. Not only will you lose out on money, but also you will stand answerable to your employer.

    Keep a Track of your Credit Score

    When your company gives you a corporate credit card, it might want to check your personal credit score. This would give them an idea of your expense management, spending habits and repayment capabilities.

    If you avoid credit card payments, it will affect your credit score a lot. The credit bureau keeps all the information about your late payments. If your employer comes to know that you have not cleared your outstanding on time, you might not be considered eligible for the corporate credit card. Make sure that you pay your debts on time to keep the credit score high.

    Loss and Theft

    You, as an employee, must ensure your card's security. Corporate credit cards come with unique numbers. In case of loss or theft of your credit card, block it immediately. This will stop the possibilities of fraudulent activities using your corporate credit card.

    Traveling with your Corporate Credit Card

    Corporate credit cards offer travel expenses for the employees traveling for business purposes. As an employee holding a corporate credit card, you can avail access to VIP lounges at several international airports. It also offers travel insurance so that you can enjoy the peace of mind you deserve while traveling.

      

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    Corporate Credit Card Reviews

    • RBL Bank Credit Card
      "Easy to convert for EMI "
      0.5 4.0/5 "Great!"
      I got RBL card offer from BAJAJ Finance. I have been using this card past 10 months which is a life time free card. The credit limit is sufficient of 55K. EMI conversion is avail and I can convert via mobile app whenever required with nominal charge. I use this card for general purpose. Based on usage I get points but not yet redeem it.
      Was this review helpful? 27
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards
      SBI Cards Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      SBI credit card have offers and reward points but I have not redeem them yet, this is a domestic card, the credit limit is of 50000 which I am very much satisfied as per my need. I got my statement on time. I used this card for personal purposes.The card is very user friendly.
      Was this review helpful? 33
      , hyderabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries.The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.
      Was this review helpful? 26
      , hyderabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      The bank agent suggest me to take credit card from INDUSIND and I have taken it because it doesn't have any annual fee. The offer and reward points are available in the card are good. I am satisfied with the limit of the card. I used the card for general purposes. But it will be nice, if the offers and reward points will be more.
      Was this review helpful? 15
      , jaipur
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am using INDUSIND credit card for 3 months. The card have no offers available and also there is no rewards. The only benefit is that its a life time free card and the credit limit is only for 75000 I am not that satisfied as i expected to get around 1.5 lakh. Apart from the limit over all experience is good.
      Was this review helpful? 17
      , chennai
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have got INDUSIND credit card few months ago and I have used it for two months now ,the credit limit of the card is Rs.70000 which is a life time free card. The bank have informed me every details about the reward points and offers but I have not got any time check it. I am satisfied with their card service.
      Was this review helpful? 18
      , hyderabad
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Am having ICICI credit card for two years, I feel good and have not face any issues. The best part about the card is its a life time free card. I used to get my card statement on time. I used this card for shopping, groceries and for many other personal purposes.I am using the bank mobile app which function smooth and simple.
      Was this review helpful? 22
      , faridabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have used SBI credit card for 2-3 months, but I have not got any time to check about the offers available in the card. The limit of the card is 38000 and I am satisfied because its a life time free card. I used to get my card statement on time and the net banking is also working very well.
      Was this review helpful? 31
      , faridabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service "
      0.5 4.0/5 "Great!"
      Since it is a life time free card offer from INDUSIND so I chosen it and applied through online. I received a call on time and they have done the verification process. Hence I received the card by 7 days, the credit limit is okay for me. Its easy to use for all purposes.
      Was this review helpful? 13
      , chennai
      Reviewed on Mar 21, 2020
    • Citibank Credit Card
      "Good "
      0.5 4.0/5 "Great!"
      CITI has provided good offers and benefits on 2 months before. So I chosen this card and applied through online. It is annual fee chargeable of 500 rupees bu there is waiver off option if I spend 30K within a year. The credit limit is 65K. There is EMI conversion avail for this card.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "very good"
      0.5 5.0/5 "Blown Away!"
      I have used credit card from HDFC bank for 1 year which is very good and also very comfortable, its a life time free card and lots of offers are available in the card. This card was suggested to me by my colleague. Mobile banking also functions very smooth.
      Was this review helpful? 31
      , bangalore
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Average service"
      0.5 4.0/5 "Great!"
      INDUSIND bank credit card have an credit limit of of Rs.75000, there is no offers available in the card and it also have a charges of 3000 along with GST. I hardly receive any remainder messages for my bill payment due to that some time I could not pay my bill on time. I would advise them send my bill on time before the due date.
      Was this review helpful? 16
      , bangalore
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Need to increase the credit limit "
      0.5 5.0/5 "Blown Away!"
      I have been using ICICI card for more than one year. They have provided an annual fee chargeable card and waiver off option is applicable. The credit limit is okay of 50K. Since I need to do purchase about 45K on some of the month so this limit is not sufficient. I swipe the card for travel, shopping and fuel purposes. I have not opted for EMI conversion.
      Was this review helpful? 16
      , kolkata
      Reviewed on Mar 21, 2020
    • Axis Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using AXIS bank credit card for 3 years, Its a life time free card so I applied the card through bank. The agent have informed me everything about the card. I used to get offers of 10% on petrol bunk and shopping.The limit of the card is Rs.45000 and I used to pay my bill directly through bank.I am also using their net banking which is very good.
      Was this review helpful? 26
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      I got INDUSIND credit card from few months ago.The card have an EMI conversion. I used the card for multi purposes like shopping, online payment, ticket booking. This is annually chargeable card, I am not satisfied with the credit limit of Rs.75000 as I am expecting more than than 1 lakh.
      Was this review helpful? 19
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a life time free card offer from INDUSIND bank hence applied through online on three months back. I received the call on time and the process was done on smooth. I got the card on exact time frame. The credit limit is sufficient and they provided good offers and benefit as well.I use this card for shopping and travel purpose.
      Was this review helpful? 8
      , kolkata
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Average service"
      0.5 1.0/5 "Really Bad"
      RBL credit card is a chargeable card, I always have to go to Bajaj Finance to pay my credit card bill. I am not satisfied with the customer service which has to be improved. I used this card when ever needed for shopping, fuel surcharge and bill payment.The limit of the card is fine.
      Was this review helpful? 43
      , ranchi
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      HDFC credit card is very convenience to use, I have been using the card for 4.5 months for Shopping, groceries, fuel surcharge and electricity bill payment also. I pay my credit card bill through ATM. I always get my bill on time, this card was suggested to me by the bank agent.
      Was this review helpful? 23
      , ranchi
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Okay service "
      0.5 3.0/5 "Satisfactory"
      I used RBL card for twice only. I get message or call for EMI conversion from banker. It is a life time free card. Once all the process done I received the card by 15 days. I am holding this card past 6 months. The credit limit is sufficient of 30K. Once I tried to convert for EMI of 3 months it was done on time without any problem. It is Bajaj card.
      Was this review helpful? 13
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I have been using SBI credit card for the last two months, the credit limit of the card was satisfied it was Rs.9,80,000. The bank agent came and collect my document he have informed me every detail about the card. The card have a charges of Rs.2299 in a year. I used to pay my credit card bill through bank. Am getting my card statement in softcopy but I wish the bank can send me a hard copy statement also.
      Was this review helpful? 37
      , gurgaon
      Reviewed on Mar 21, 2020
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