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  • SBI Corporate Purchase Credit Card

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    SBI Corporate Purchase Credit Card

    SBI Corporate Purchase card is designed to help customers manage their finances by keeping a track on their spending pattern, maintaining expenditure, and a lot more. Customers also get an interest free credit period up to 50 days along with e-statement facility, 24-hour assistance, and more importantly an insurance coverage that is valid for both international and virtual purchasing.

    SBI Corporate Purchase Credit Card: Features and Benefits

    SBI Corporate Purchase Credit Card aims to effectively reduce the many minute steps involved in a business transaction. For any corporate organisation, reducing the expenses to manage the business is at heart of gaining more profit. The features and benefits of SBI Corporate Purchase card make it an absolute go-to for simplifying business to business purchases.

    • Smart Expense Management

    SBI Corporate Purchase Credit Card helps customers track, control, and review the company’s expenses to ensure policy compliance with the company as well as check for any kind of infringement. The Corporate Purchase Card also offers the advantage to track the spending information by using self-service interactive reports which offer multiple filters, sort options, and drill-down ability to get an accurate result. With VISA Intellilink, individuals no longer need to make budget cuts to control expenses more efficiently. The expense management feature also includes:

    1. Dashboards to capture and store snapshots of important information.
    2. Email alerts for key events, such as programme thresholds, approvals, and disposal of reports or statements.
    3. Deep dive ability to analyse international transactions made by the customer.
    • Spend Category Control

    With SBI Corporate Purchase card transactions at non-permitted retail categories by the employees are restricted which helps in keeping the expenditures within the allowed limits. The organisation can also put a limit on the purchases of select merchant categories on a daily, weekly, and monthly basis. Keeping a tab on expenditures, in turn, offers more protection against any misuse, fraud, or embezzlement on the card.

    • Expense Analysis

    Customers can choose to track the expenses category-wise with SBI Corporate Purchase Credit Card which allows them to understand the spending pattern and transaction trends in a better way. The user interface of this card is based online and does not need any change in the existing system. Also, the category-wise analysis of expenses not only ensure compliance with company policies and prevent any policy breach but also influence and negotiate better deals with vendors and suppliers.

    • Fraud Prevention

    SBI is determined to protect its customers against security concerns and fraudulent activities. Therefore, SBI Corporate Purchase Credit Cardholders are covered by the Fidelity Guarantee Insurance against fraud. The insurance also covers the company’s liability if any fraudulent charges are made against or by the cardholder. Moreover, the insurance policy remains valid on transactions made internationally as well as virtually.

    • Interest-Free Credit Period

    The interest-free credit period that ranges from 20 to 50 days on the dues against retail purchases is a great feature of SBI Corporate Purchase Card. With this facility, business organisations can reimburse the credit amount as per their convenience. One can avail this facility by paying the outstanding balance of previous month in full.

    • E-statement

    With SBI Corporate Purchase Credit Card, there is no scope to worry about postal delays of statements, loss of statement, and subsequent late payments. Cardholders will receive a detailed statement delivered to their registered e-mail ID to keep track of monthly spending.

    • Customer Services

    A dedicated team of managers and service desk executive are present 24x7 to help the customers with their queries and complaints. Customers can call 18601801290 or 39020202 (with local STD code) for support and assistance whenever required.

    SBI Corporate Purchase Card: Fees and Charges

    Joining fee Nil
    Annual fee Nil
    Emergency card replacement Free
    Interest-free credit period (only applicable on retail purchases, given that all outstanding balance of previous month is paid) 20 up to 50 days
    Total amount payable Total outstanding dues
    Finance charges Up to 3.35% per month, accounting to 40.2% per annum from the transaction
    Cash Advance Fee For SBI ATMs and Other Domestic ATMs: Up to 2.5% of withdrawal amount or Rs.400 per transaction For International ATMs: Up to 3% of withdrawal amount or Rs.400 per transaction
    Cheque Bounce or Invalid Cheque: 2% of Cheque Amount (minimum of Rs.350 and maximum of Rs.500)
    Charge slip retrieval Rs.225 per charge slip
    Late payments When outstanding statement balance is: Less than Rs.200 – Nil From Rs.201-Rs.500 – Rs.100 From Rs.501- Rs.1000 – Rs.400 Rs.1001-Rs.10000 – Rs.500 Above Rs.10001 – Rs.750
    Rewards redemption fee: Up to Rs.99
    Cash OTC fees: Rs.100 + GST
    Annual Priority Pass Fee: Rs.180
    Annual Reward Fee: Rs.300
    Overlimit 2.5% of over limit amount, accounting for minimum Rs.500
    Foreign currency transaction: Conversion mark up to 3.5%

    Surcharge and Surcharge Waivers

    Railway tickets Through railway counters: Rs.30 + 2.5% of transaction fee Through irctc.co.in: 1.8% of transaction amount + GST
    Petrol & all products/services 1% of transaction value or Rs.10 whichever is higher 1% surcharge waiver (excluding all applicable GST + other charges) for single transaction spends between Rs.500 and Rs.4000 for Signature & Platinum Cards; Rs.500 and Rs.3,000 for all other cards
    Maximum surcharge waiver Rs.250 per statement cycle per credit card account for signature & platinum cards Rs.100 per credit card account for all other cards

    SBI Corporate Purchase Credit Card: FAQs

    1. How does SBI levy Finance Charges on SBI Corporate Purchase card?
    2. If customers fail to make payments on time by the payment due date, an interest rate of 3.35% per month is charged on the total outstanding amount which is annualised to 40.2%. This is called Finance Charges.

    3. What are Late Payment Charges?
    4. If the minimum amount due as per monthly balance statement is not paid payment due date, the bank levies late payment charges. These charges are calculated based on the balance statement.

    5. How does Foreign Transaction charges calculate?
    6. If any transaction is done while the cardholder is abroad, then Foreign Transaction is charged. For international transactions in US Dollars, the charge will be 3.5% of the amount in INR which equivalent of the US Dollars. If the transaction happened in any foreign country other than the USA, then the transaction would be converted to US Dollars, and then 3.5% charge would be levied.

    7. When do I have to pay Over Limit Penalty?
    8. When a customer’s amount of purchase exceeds the card limit, the bank will charge an over-limit fee which is 2.5% of the amount exceeded amounting to a minimum Rs.500. For example, the card limit is Rs.50,000, and the expenditure is Rs.61,000 then according to 2.5% of the over-limit amount comes to Rs.275, but since the minimum amount to pay is Rs.500 the customer has to pay Rs.500 instead of Rs.275. If the over-limit amount comes to a total which is more than Rs.500, the customer has to pay the amount that has been calculated as the over-limit amount.

    9. When do I have to pay a Cash Advance Fee?
    10. A cash advance fee is levied when customers withdraw cash from ATM using their credit card. The amount of cash advance is the interest that is accrued on the transaction as soon as the withdrawal is made. If the cash is withdrawn from domestic ATM, then a fee of 2.50% of the total amount cash withdrawal or Rs.300 whichever is higher has to be paid by the cardholder for each withdrawal. If the withdrawal is made from an international ATM, a fee of 3% of the withdrawn amount or Rs.400 whichever is higher has to be paid.

    11. What is the order of settlement for SBI Corporate Purchase Credit Card?
    12. Total amount due (which is inclusive of applicable taxes), followed by fees and other charges, Interest charges, retail outstanding and cash advance.

    13. Can I pay through local cheques and drafts?
    14. SBI does not accept cheques payable outside clearing zones. Payments made through local cheques or drafts are accepted in Delhi only.

    SBI Corporate Purchase Credit Card Reviews

    • review Credit Card
      "Card with Benefits."
      0.5 5.0/5 "Blown Away!"
      I hold a SBI credit card and i am using since long. I am happy with the limit given to me . It is satisfactory for me and also whenever i had to purchase things on Amazon i prefer SBI Credit card , the reason for that is the discount options and the cash back offers SBI provides.
      Was this review helpful? 0
      , surat
      Reviewed on Dec 09, 2018
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      STATE BANK OF INDIA credit card i am using it from past few years as the card is user friendly to access. They haev offered with the good offers with this card as the card i am using it for the multiple purpose. The credit card is user friendly to use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2018
    • review Credit Card
      "GOOD CARD TO USE"
      0.5 5.0/5 "Blown Away!"
      I am not getting any of the offers with the credit card where i am using it from the STATE BANK OF INDIA but the credit limit also the service is very good with this card. I have been using it from past 1.5 years. I have faced with none of the issues with this card.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 08, 2018
    • review Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      The features are good with this card as they provide the flexible pay for the bulk amount of usage with the credit card of STATE BANK OF INDIA. The option of converting the EMI is very good and with the simple procedure. The rate of interest is nominal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The best feature of this STATE BANK OF INDIA credit card is that they are providing with the good rewards points with this credit card added on that 5% cash backs on electronics purchase. It is a good card with the satisfactory credit limit.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 04, 2018
    • review Credit Card
      "BEST PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      I am holding the credit card with the STATE BANK OF INDIA where they are providing with the good offers with this card which is satisfactory. The credit limit is sufficient with this card added on that the service is very good with this card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 02, 2018
    • review Credit Card
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have been using the STATE BANK OF INDIA credit card with this bank from past nine months where the customer service is god also i am satisfied with the service of this card. The credit limit is satisfactory and it is very good. I am satisfied with this card.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 01, 2018
    • review Credit Card
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have recently started using this credit card of STATE BANK OF INDIA where the credit limit is satisfactory also added on that i have not used much with this credit card. The process is also good to get the card. I am getting god offers with this credit card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 01, 2018
    • review Credit Card
      "Good Card to use"
      0.5 4.0/5 "Great!"
      I am having a credit card with SBI from more than 4-5 years, i did not check for any offers on this credit card so far. I am happy with the credit limit in this credit card and there was no annual fee charged. All my transactions are hassle free in this credit card.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 30, 2018
    • review Credit Card
      "Looking for better credit limit"
      0.5 4.0/5 "Great!"
      I hold a Simply click credit card with SBI from last 1 year, there was no annual fee charged for this credit card. I have sent a mail in order to increase my credit limit but they did not increase. Offers like reward points are good in this card and the value is also good.
      Was this review helpful? 0
      , lucknow
      Reviewed on Nov 30, 2018
    • review Credit Card
      "Average card"
      0.5 4.0/5 "Great!"
      I am using SBI credit card from last 1 year, i am not aware of any offers on this credit card so far. There was no annual fee charged for this credit card and i am happy with the credit limit provided by this credit card. Credit card services are average in SBI.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 30, 2018
    • review Credit Card
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I am happy by using the credit card with the STATE BANK OF INDIA and the credit limit is sufficient in this credit card. There is a EMI conversion option in this card which is easy and simple process. I am getting good offers from this credit card.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 30, 2018
    • review Credit Card
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have been using the credit card with the STATE BANK OF INDIA from past one year where the credit limit is satisfactory from this card also it is a user friendly card to use. There is no option to convert into EMI with this credit card.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 28, 2018
    • review Credit Card
      "DECENT CARD TO USE"
      0.5 4.0/5 "Great!"
      It is a good card with the good application where i have taken my credit card with the STATE BANK OF INDIA and i am availing the service of the online banking it is easy also it is user friendly portal to access. I am using it from past 2-3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 28, 2018
    • review Credit Card
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      I am holding the platinum credit card with the STATE BANK OF INDIA but i don't like this credit card so i have taken this card. There are no available offers with this card but the credit limit is good with the EMI option. The service is good from the customer support.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 27, 2018
    • review Credit Card
      "AVERAGE SERVICE"
      0.5 3.0/5 "Satisfactory"
      I am getting the good offers from the big bazaar outlets as 10% also they have provided the satisfactory amount of credit limit from this credit card which is one lakh. The customer service is very good with this bank. The process is very simple to take the STATE BANK OF INDIA.
      Was this review helpful? 0
      , jaipur
      Reviewed on Nov 27, 2018
    • review Credit Card
      "Good Card to use"
      0.5 4.0/5 "Great!"
      I am having a credit card with SBI from last 3 years, there was no annual fee charged for this credit card. Offers like reward points are good and the conversion value is also good. Credit limit is fine in this credit card and all my transactions are hassle free in this card.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 26, 2018
    • review Credit Card
      "Best card to use"
      0.5 5.0/5 "Blown Away!"
      I hold a credit card with SBI from more than 2 years, it is a FBB style up credit card where i get good discounts on big bazaaar and also i get Rs 500 as voucher based on my spendings. There was no annual fee charged and the credit limit is fine in this card.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 26, 2018
    • review Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      My credit card was taken with SBI , ,my experience was good with SBI credit card, i received my credit card on time and the credit limit is sufficient in this credit card.Reward points are good in this credit card and there are no transaction issues. I am happy with the credit limit provided by SBI credit card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 26, 2018
    • review Credit Card
      "Best card to use"
      0.5 5.0/5 "Blown Away!"
      I am having a credit card with SBI from last 1 year, it is a platinum credit card where i get good offers like cash back and reward points. I am happy with the credit limit provided by SBI credit card and there was no annual fee charged for this card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 26, 2018
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