SBI Corporate Central Travel Account Credit Card is a corporate credit card which has been primarily designed to streamline all kind of travel expenses and requirements of an air-travel under one roof. It provides the user an extended credit period of 20-50 days without charging an interest fee. SBI Central Travel Account cardholders can not only streamline travel expenses and corporate reimbursements, but they can also enjoy the privileges of dedicated customer care, integrated expense management, and centralised payment facility.
SBI offers a host of features that help a cardholder manage travel expenses efficiently. These include:
Better visibility and control
SBI Corporate Central Travel Account Credit Card combines all air travel expenses in a centrally billed account. From job candidates, consultants to infrequent travellers and people travelling in large groups, the total travel expense incurred is charged into a single billing account which is easy to keep a tab on and can be managed effortlessly.
Maximize Travel Expense Visibility
Subscribing to the idea of “One Bill, One Payment”, SBI Corporate Central Travel Account Credit Card merges all travel expenses into one billing account. Individuals can not only access their summary of travel costs and booking virtually but also analyse the spending pattern anytime, anywhere. This improved expense visibility helps travellers ensure that the expenditure complies with travel policy of the company and take necessary actions if required.
Spend Category Control
Since the spending data is consolidated into one account, customers have the facility to control their travel expenditures as and when required. SBI Corporate Central Travel Account Credit Card helps a cardholder restrict the card usage for daily, monthly, or weekly expenses on select merchant categories.
Customised User Defined Fields
With SBI Corporate Central Travel Account customers can also request to customise their data file using 8 ‘user-defined fields’. This feature is additionally available along with the existing expense data.
Gain Efficiency and Savings
Organisations can easily manage the reimbursement processes of its employees’ travel expenses using SBI Corporate Central Travel Account Credit Card. Therefore, Central Travel cardholders always have the leverage to control travel expenses more efficiently without issuing multiple cards or having to pay out of their own pockets.
SBI Corporate Central Travel Account Credit Card integrates Visa IntelliLink with expense management systems thereby centralising transaction as well as reimbursement processes.
Dedicated Customer Support
SBI Corporate Central Travel Account Credit Cardholders get access to a dedicated service desk to address their queries and complaints on a top priority basis.
Interest-Free Credit Period
An interest-free period of 20-50 days is a great incentive that individuals with an SBI Corporate Central Travel Account Credit Card enjoy.
Also, the extended payment duration of up to 50 days to pay the travel expenses is convenient to maximise savings.
No Joining Fee and Annual Fee
SBI Corporate Central Travel Account Credit Card is a lifetime free card. So, cardholders do not have to pay any money as the joining fee and annual fee.
|Free credit period||Nil|
|Emergency card replacement||Free|
|Interest-free credit period||20 days to 50 days (This facility is available only on the purchase goods and merchandises and only when outstanding balance of previous month is fully paid)|
|Cash advance limit||Variable|
|Cash advance charges||SBI ATMs or other ATMs – Up to 2.5% of the total withdrawal amount Domestic ATMs – Rs.300 per transaction or whichever amount is higher International ATMs – Rs.300 or up to 3% of withdrawal amount, whichever is higher, per transaction|
|Foreign currency transaction conversion markup||3.5%|
|Rewards redemption fee||Up to Rs.99|
|Late payment charges||Total amount due from Rs.0 - Rs.200 – NIL Total amount due more than Rs.200 & up to Rs.500 – Rs.100 Total amount due more than Rs.500 & up to Rs.1000 – Rs.400 Total amount due more than Rs.1000 & up to Rs.10,000 – Rs.500 Total amount due more than Rs.10,000 – Rs.750|
|Penalty for invalid cheque or cheque bounce||2% of cheque amount where the minimum amount is Rs.350 and the maximum amount is Rs.500|
|Charge slip retrieval fee||Rs.225 per charge slip|
|OTC cash payment fees||Rs.100 + GST|
|Finance charges||Up to 3.35% per month amounting to 40.2% per annum from the date of withdrawal|
Surcharges and Surcharge Waivers
|Railway tickets –||Tickets from railway counters – Rs.30 + 2.5% of transaction amount Tickets from irctc.co.in – 1.8% of transaction amount + GST|
|Petrol & all products/services||Rs.10 or 1% of the transaction value (whichever is higher)|
|Surcharge Waivers||Signature & Platinum Cards – 1% surcharge waiver for single transaction spends between Rs.500 and Rs.4000 (excluding GST + other charges) All other cards - 1% for single transaction spends between Rs.500 and Rs.3,000 (excluding GST + other charges)|
|Maximum Surcharge Waiver||Signature & Platinum Cards – Rs.250 per statement cycle per credit card account All other cards – Rs.100 per credit card account|
Since SBI Corporate Central Travel Account Credit Card is a corporate card, the eligibility is based on the volume of the organisation as per the financial statement submitted at the time of application.
SBI Corporate Central Travel Account Credit Cardholders can get a maximum waiver of 1% for single transaction spends when they purchase fuel and other related products and services for an amount ranging between Rs.500 and Rs.4000. The maximum surcharge waiver permitted for a single credit card account per cycle is Rs.250. The surcharge waiver excludes GST and other applicable charges.
For SBI Corporate Central Travel Account Credit Card, payments made for a cardholder account will be settled in the order of –
Applicable taxes charged on all the fees, Interest, and Charges on the SBI Corporate Central Travel Account Credit Card include –
The finance charge is subject to changes, and calculation of the fee is based on the cardholder’s usage and payment patterns.
To prevent any fraudulent usage, customers should immediately contact the SBI Corporate Central Travel Account Credit Card dedicated service desk and report the loss of card to block the card account instantly.
For further assistance, customers can call 24-hours SBI Card helpline at 39020202 (using STD code as a prefix) or 18601801290.
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