A credit card that simplifies your business needs and rewards your spending is precisely what the HDFC Bank Corporate Credit Card is. It not only provides you with access to 60 MIS reports to help you make informed decisions, but it also provides you access to airport lounges across the globe.
Your HDFC Bank Corporate Credit Card has features and benefits for both the business and the cardholder.
Let's take a closer look at them.
With the HDFC Bank Corporate Credit Card, you get to enjoy a complimentary Priority Pass membership. This membership entitles you to:
Note: Priority Pass membership is provided on request only. To activate your membership, follow the instructions provided in the link sent to you for the same by the bank.Domestic Airport Lounge Access
Using your Corporate Credit Card, you also get:
Book flights and hotels via HDFC Bank Corporate Credit Card's dedicated travel portal.Insurance Coverage
With your HDFC Bank Corporate Credit Card, you get insurance coverage of:
With the HDFC Bank Corporate Credit Card, you get to enjoy a 1% fuel surcharge waiver on all fuel transactions.
Note: The fuel surcharge waiver is applicable only on fuel transactions between Rs.400 and Rs.10,000.
The credit limit on your card will be determined by the bank. It is based on a number of factors such as the company's profitability and the credit repayment history of the company as well.
The HDFC Bank Corporate Credit Card also rewards your spending. Here's what you get with this card:
You can redeem the points you earn for products from the bank's rewards catalogue. You can also redeem points for air miles.
Here's how to go about it online:
Alternatively, you can fill out the form for redemption and send it by post to:
HDFC Bank Cards Division
P.O. Box No. 8654
Chennai 600 041
|Type of Charge||Amount|
|Minimum repayment amount||
5% of the outstanding balance, subject to a minimum of Rs.200
For sole liability: 100% of the amount due
|Late payment charge||
- Less than Rs.100: Nil
- Rs.100 to Rs.500: Rs.100
- Rs.501 to Rs.5,000: Rs.500
- Rs.5,001 to Rs.10,000: Rs.600
- Rs.10,001 to Rs.25,000: Rs.800
- Greater than Rs.25,000: Rs.950
|Rewards redemption request||
Rs.99 per redemption
Since this credit card is for businesses, the eligibility criteria are based on the business that is applying for this credit card.
The eligibility will depend on the profitability of the company as well as how much debt the company currently has.
The documents required will vary from business to business. In general, though you will have to provide identity, address, and income-related documents.
Currently, you can't apply for the HDFC Bank Corporate Credit Card online. However, you can apply for the card by contacting the bank's customer care centre. Alternatively, you can visit an HDFC Bank branch and apply for the card in person.
Your Reward Points are valid for two years from the date of accumulation. So, if you earn your points in July 2019, they will expire in July 2021.
The 5 Reward Points you earn are capped at 10,000 points per statement cycle and the 10x Reward Points are capped at 25,000 points per month. Insurance transactions have a cap of 2,000 Reward Points per transaction.
The fuel surcharge waiver on this card is capped at Rs.1,000 per billing cycle.
You get to enjoy an interest-free credit period of up to 50 days.
Each Reward Point, when redeemed on the HDFC Bank Corporate Card website, is worth 30 paise.
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