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  • SBI Corporate Utility Credit Card

  • We found 1 SBI Corporate Utility Credit Card
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    The SBI Corporate Utility Credit Card is a blessing in disguise for all companies looking for simple and hassle free ways to pay their utility bills. Easy to use along with plenty of benefits, this credit card allows corporates to manage their spends and also their savings. Security and transparency is given utmost priority and customers can also benefit from a variety of other convenient and advantageous features. In short, this is a must-have card for all companies.

    Benefits of SBI Corporate Utility Credit Card

    SBI Corporate Utility Credit Card utilizes the Visa Bill Pay - Corporate facility which is an online solution enabled for all corporates to pay their monthly utility bills. It can be accessed by logging on to the official website anytime and anywhere so as to make payments. There are many benefits to the Visa Bill Pay - Corporate:

    Bill Desk Bill Pay- Corporate:

    • You can use the SBI Corporate Utility Card to pay your bills in a simple, fast, and secure manner.
    • Provides more flexibility through biller grouping and bulk payments.
    • You can manage the groups or a person and decide what information they can access and receive.
    • You can get threshold-based maker-checker process for each payment.
    • Card offers visibility and compliance.
    • Enhanced security.

    Insurance

    • Enjoy complimentary Fidelity Guarantee Insurance cover in case of corporate cards liability against employee fraud.
    • Claim settlement process is customer friendly.

    Spend Category Control

    • Pay your utility bills using the SBI Corporate Utility Card.

    Customized Solution & Controls

    • Enjoy multi-layer Spend controls.

    Features of SBI Corporate Utility Credit Card

    • Flexibility and easy to pay.
    • Better control and convenience.
    • 24x7 online access to your card.
    • Transparent and compliance.
    • Security is enhanced.
    • Two e-statement will be received by the corporate.
    • The e-statement will be generated on the second day of each month. It will be the Corporate Utility Card Consolidated Statement.
    • The Consolidated Corporate Utility Card Interim Statement will be generated on the 13th day of each month.

    Fees and Charges for SBI Corporate Utility Credit Card

    Type of Charge Amount
    Joining Fee Nil
    Annual Fee Nil
    Extended credit - Interest Free Period A period of 15 to 32 days and this is applicable only on retail related shopping, if the outstanding balance amount from the previous month is paid completely
    Extended credit - Finance Charges (only for a consolidated statement) A maximum of 3.35% per month or 40.2% per annum calculated from the date of transaction.
    Total Amount Payable For consolidated statement it is the total outstanding amount due.
    Extended credit - Minimum Amount Due It is the total amount that is due
    Payment dishonor fee 2 % of the cheque amount or a minimum of Rs. 450
    Overlimit NA
    Foreign Currency Transaction Conversation markup : 3.5%
    Replacing the card Complementary
    Order of Payment The first is the total amount that is due and this includes settlement of GST. This is then followed by fees and other charges followed by interest charges, retail outstanding and finally cash advance.
    Cash Advance Fee
    • 2.5% of the transaction amount subject to a minimum of Rs.450 for SBI ATMs
    • 3% of the transaction amount subject to a minimum of Rs.450 for International ATMs
    Late Payment Charges
    • For a total amount due between Rs.0 and Rs.200 - Nil
    • Between Rs.200 and Rs.500 - Rs.100
    • Between Rs.500 and Rs.1,000 - Rs.400
    • Between Rs.1,000 and Rs.10,000 - Rs.500
    • More than Rs.10,000 - Rs.750
    Annual Reward Fee Rs.300
    Rewards redemption fee Rs.99
    Cheque Pickup Rs.90
    Cheque Fee Rs.100
    Surcharge
    • 1.8% of the transaction cost + GST through IRCTC
    • Rs.30 +2.5% of the transaction amount at railway counter
    • Petrol surcharge is 1% for amount between Rs.500 and Rs.4,000.

    SBI Corporate Utility Credit Card FAQs

    1. Is there a joining fee charged while procuring the SBI Corporate Utility Credit Card?

      No, there is no joining fee charged while procuring an SBI Corporate Utility Credit Card

    2. How many e-statements do corporates receive for the SBI Corporate Utility Credit Card?

      Corporates receive 2 e-statements for their SBI Corporate Utility Credit Card. These include:

      • Corporate Utility Card Consolidated Statement which is generated on the 2nd of each month. This statement includes all details related to all the card account for the corporate.
      • Corporate Utility Card Interim Statement is generated on the 13th of each month. This statement provides details of the debit transactions of all the card account for the corporate and this is for a period of 3rd to 13th of that particular month.
    3. Is there a fee charged on replacing the SBI Corporate Utility Credit Card during an emergency?

      No, there is no fee charged for an emergency card replacement and is complementary.

    4. Is there an annual fee charged on the SBI Corporate Utility Credit Card?

      No, there is no annual fee that is applicable on the SBI Corporate Utility Credit Card.

      

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