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

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    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
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied with State Bank Of India Credit Card . The credit limit is good and i have got credit limit is upto 80000.There was good cashback offers and reward points as well The agent clearly explained the process of Credit Card I have not yet faced any difficulties .The agent came and collected the documents and i gave my finger prints then only i got the credit card .The Overall service is Good .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 20, 2019
    • review Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am using this State Bank Of India Credit card for the past 3years.The name of the card is platinum card.There are cash back offers and rewards points also .The credit limit is good .I got Credit Limit upto 25000only .I have not faced any issues in using this card till now ,The Overall Service is good .
      Was this review helpful? 0
      , udaipur
      Reviewed on Mar 18, 2019
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The credit limit with the STATE BANKOF INDIA credit card is very lower than the other card what i hold but the best feature with this card is there is a option of money transfer with this card. The offers are good with this card also there is a EMI option.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 18, 2019
    • review Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Iam using this State Bank Of India Credit card for the past 3 years. The name of the card is SBI Titanium .Iam getting cashback offers and reward points but not used any points till now since statying in rural area reward points are not used.Since have salary account got State Bank Of India Credit Card.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Mar 18, 2019
    • review Credit Card
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I have been using this credit card for the last ten years or above that, the services has been quite good. There has been a good credit limit with this card and it has some annual charges of 500 as well. Depending up on the need and offers with the card i have been using it for all purposes.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 15, 2019
    • review Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      SBI provides very good services on credit card when compared to other credit cards. I am using this credit card from last 1.5 years and there was annual fee charged for this credit card. Offers like cash backs are reward points are very good in this card. Credit limit is sufficient in SBI.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 15, 2019
    • review Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for State Bank Of India Credit Card Since have salary account got this credit card , I am using this card for the past 8 months.The credit limit is good ,The credit limit is upto 54000.There are cashback offers only for fuels and reward point also there for shopping and hotels .The Overall service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 15, 2019
    • review Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      I am using SBI Credit card for the past 5years .The credit limit is good .I got Credit limit upto 3.5 lakhs. There was cashback offers and reward points as well .I have applied the SBI Credit Card through SBI bank .The Overall service is good and satisfactoty .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 15, 2019
    • review Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I have been holsing the credit card with the STATE BANK OF INDIA and they have offered with the satisfactory credit limit with this card added on that it has the very good offers which is satisfactory with this card. There is a EMI conversion option with this card.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 15, 2019
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      the credit limit with the card where i am holding it with the STATE BANK OF INDIA is very good and also i am getting the satisfactory credit limit along with that it is the free card and they offer the EMI option but not availed yet with this credit card
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 13, 2019
    • review Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      The credit limit is satisfactory with the credit card where i am using the credit card with the STATE BANK OF INDIA also the rate of interest was nominal. They have provided with goo and sufficient offers with this credit card. The customer service is good.
      Was this review helpful? 2
      , mumbai
      Reviewed on Mar 04, 2019
    • review Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I am facing no issues with the credit card of STATE BANK OF INDIA, they provide with satisfactory credit limit also the card is user friendly to access. The card has good offers like online purchase, rewards points, cash backs with this credit card.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 04, 2019
    • review Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I am happy with the services of STATE BANK OF INDIA . The offers were good with this card such as on online portal in amazon , flipkart and even while booking the flight ticket . I am holding this card for more than 1 year . There is no delay in getting the card .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Mar 02, 2019
    • review Credit Card
      "Best card to use"
      0.5 5.0/5 "Blown Away!"
      I am having a credit card with SBI from long time. I did not face any issues on this credit card so far. Credit limit is sufficient in this credit card and there was no annual fee charged. Offers are very good in this credit card and it is useful.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 01, 2019
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the credit card with the STATE BANK OF INDIA with no issues with this card. I have faced with no issues with this credit card. The credit limit is satisfactory with this credit card added on that there is a EMI conversion option with this card.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 01, 2019
    • review Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the credit card with the STATE BANK OF INDIA since from last 6 months with this credit card. I have faced with no issue with this card also they have offered with the good credit limit with this card. I get the offers like rewards points, cash backs with this card.
      Was this review helpful? 0
      , madurai
      Reviewed on Mar 01, 2019
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The credit card with the STATE BANK OF INDIA is very good also they are providing with the good offers along with that they are offering with the satisfactory credit l limit with this card. It is a user friendly card to access. The service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 01, 2019
    • review Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The credit limit is very good with the credit cartd what i am holding with the STATE BANK OF INDIA. They provide the rate of interest which is higher with this credit card. The credit limit is good and they are with good service. The card is user friendly to use.
      Was this review helpful? 0
      , madurai
      Reviewed on Mar 01, 2019
    • review Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the credit card with the STATE BANK OF INDIA and it is a good card to use. They have provided the credit limit which is satisfactory with this card added on that the card has good offers. They provide the EMI conversion option with this card.
      Was this review helpful? 0
      , madurai
      Reviewed on Feb 28, 2019
    • review Credit Card
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      STATE BANK OF INDIA credit card i am holding it from last few years i have faced with no issues with this credit card added on that they have given the good offers with this card like cash backs, rewards points which is satisfactory with this card.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 28, 2019
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