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  • SBI Corporate Purchase Credit Card

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  • 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.

      

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    SBI Corporate Purchase Credit Card Reviews

    • review Credit Card
      "Not Satisfied"
      0.5 3.0/5 "Satisfactory"
      I am holding a State Bank of India credit card. I have been using this card more than 2 years. My credit limit is very less, it's only 35 thousand. Their charges are more in comparison to other banks. I am not satisfied with their customer service, very difficult to reach them.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 26, 2019
    • review
      review Credit Card
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      I had a State Bank of India credit card. I used that card for almost 4 years. I deactivated the card because credit limit was very very low. My credit limit was only 10 thousand. I had to pay annual fee Rs. 500. I am not satisfied with their customer service.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 26, 2019
    • review Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am using SBI credit card from last one month, so it has very good shopping offers through online purchase. Even I do have cash back offers and reward points offer based on the transactions but they did not generate my first month credit card statement.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 24, 2019
    • review Credit Card
      "Hosume"
      0.5 5.0/5 "Blown Away!"
      I have selected state bank of India simple save credit card past 6 months ago .The Annual charger Rs 499. . While documents submitted though on line . There is no delay while received credit card , sufficient limit is provide from banker end , Customer service is good and responsive.All notification email and message from banker end. While transaction through on line i will receive rewards point and cash back offer.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am using a State Bank of India credit card. Credit limit is nominal and annual fee is Rs. 499. I have been using this card over 7 years. SBI customer service is very helpful and responsive. Their mobile application is user friendly and bill payment is very simple and easy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected state bank of india simply save credit card using through past 2 years ago .The Annual charger is applicable, sufficient limit is provide.while document submitted through executive . There is no delay credit card. Customer service is good, EMI option is applicable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2019
    • review Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am holding a State Bank of India credit card. Their customer care is very helpful, they had provided clear information. I have been using this card for the last 5 years. Features of this card are really good. There is good offer but credit limit is very low.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have a State Bank of India credit card. My credit limit is Rs. 55 thousnd, they have not increased the credit limit much. I have been using this credit card over 2 years. Annual fee is Rs. 500. Their customer service is very good. Bill payment is very easy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2019
    • review Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have been using State Bank of India Credit card. I got the card on time. Credit limit is nominal but there is annual fee of Rs. 499. I have been using this credit card more than two years. I am getting reward points and cashback offers. Bill payment is very easy.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 16, 2019
    • review Credit Card
      "Very good "
      0.5 4.0/5 "Great!"
      I have selected simply save credit card past 3 months ago The Annual Rs 499. Balance transfer option is applicable, while transaction through online i will receive rewards points and cash back offer through on line 10 percentage cash back , customer service is good and responsive , limit is sufficient is provide from banker end.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2019
    • review Credit Card
      "Not Satisfied"
      0.5 1.0/5 "Really Bad"
      I have a State Bank of India Bharat Petroleum credit card. I have been using this card over the last 2.5 years. I am quite satisfied with the revert point system for refilling fuel. Other than reward points other features are good. Credit limit is also enough.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am holding a State Bank of India Platinum credit card. I have been using this card for the last 3 years. Credit limit is Rs. 65 thousand. The features are good and I am getting good offers. Bill payment is very easy their customer care is very responsive.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2019
    • review Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have a State Bank of India credit card. I have been using this card almost 4 months. I had received the card on time. Credit limit is nominal but annual fee is Rs. 6000. It's BPCL card and they are charging for refilling petrol. SBI customer service is good.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 16, 2019
    • review Credit Card
      "very good"
      0.5 5.0/5 "Blown Away!"
      I have selected state bank of India signature credit card past 7 years ago.The Annual charger Rs 499. While spending Rs 25,000 annual chargers will be waiver off . While documents submitted though on line . There is no delay while received credit card , sufficient limit is provide from banker end , Customer service is good and responsive.All notification email and message from banker end. While transaction through on line i will receive rewards point and cash back offer.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 13, 2019
    • review Credit Card
      "Good"
      0.5 4.0/5 "Great!"
      I am holding a State Bank of India credit card. I have been using this credit card for a while. I had received the card on time. They have given sufficient credit limit. Annual fee is chargeable. SBI customer service is very responsive and helpful.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 09, 2019
    • review Credit Card
      "Need to enhance the credit limit"
      0.5 5.0/5 "Blown Away!"
      I have selected state bank of India platinum credit card on 4 years before which was applied through an other channel. It is a life time free credit card. The credit limit is low which was given from bank. I use this card for many purposes based on the usage I get cash back and discounts up to 10%.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 08, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected state bank of India credit card past 6 months , The Annual charger is Rs 500. While spending RS 25,000 1st year annual charger will be waiver off , while documents submitted through executive there is no delay while receive credit card.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 08, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected State bank of india past 1 yrs , annual charger is 599. While transaction no rewards points and no cash back offer.while document submitted through online there is delay while receiving credit card, sufficient limit is provide from banker end. Customer service is good and responsive .All notification message and email communication from banker end.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2019
    • review Credit Card
      "Good"
      0.5 4.0/5 "Great!"
      I have selected state bank of india credit card .past years ago .The Annual Rs 499 . While spending Rs 30,000 annul waiver . The documents were submitted through executive so there is no delay while receiving credit card.Customer service is good and responsive.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Aug 07, 2019
    • review Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected state bank of india credit card past 3 years Rs 450 , No waiver option. while transaction through swipe will receive rewards points. In all petrol pump surcharge waiver 1 percentage.customer service is good and resposnisve , while documents submitted through on line, sufficient limit is provide from banker end. All notification message and email communication fro banker end . Mobile application is user friendly.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Aug 06, 2019
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