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 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.
Thanks to the facility of VISA Intellilink Spend Management, controlling the amount of spends and managing finances better is a lot easier.Smarter Expense Management:
This facility allows companies to keep track of all the expenditures from service providers and thereby exercise greater control over all costs. Apart from this corporates can also negotiate improves rates with those that provide services such as landline, telecom and insurance among others.Faster Data Processing:
SBI Corporate Utility Credit Cardholders can now monitor the everyday expenses and spends and cardholder transactions world over.Flexible Reporting:
Corporates using the SBI Corporate Utility Credit Card have access to an interface and dashboard that is simple and easy to use along with 24/7 information availability and also immediate access to expense management.Spend Category Control (SCC):
Except for those pertaining to Utility Merchants and providers, all other merchant category codes are blocked on the SBI Corporate Utility Card. Because of this, there is enhanced security which in turn reduces the risk of fraud and also provides more control.EMV Cards:
Due to the fact that SBI Corporate Utility Credit Cards are EMV cards, better security is assured, providing protection against skimming and counterfeiting.24/7 Services:
Relationship Managers and the dedicated service desk team provides assistance and provide support to any needs from the organisation at any given time.World-wide Acceptance:
The SBI Corporate Utility Credit Card can be used anywhere within the country for all utility merchants and is an international utility card.E-statements:
Corporates using the SBI Corporate Utility Credit Card can now receive their monthly statements via e-mail every month. The Corporate will receive two statements every month.Consolidated Payment Option:
Corporates are allowed to make a single consolidated payment for all its employees in order to manage the Utility bills of the Corporate better. Apart from this Corporates will be required to pay twice prior to the due date mentioned in the two e-statements that are sent each month.
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:
|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|
|Invalid Cheque or Cheque Bounce||2 % of the cheque amount or a minimum of Rs. 350 and Invalid Cheque a maximum of Rs. 500|
|Chargeslip Request||For each chargeslip, Rs. 225 is charged|
|Overlimit||A minimum of Rs. 500 or 2.5% of the overlimit amount|
|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.|
No, there is no joining fee charged while procuring an SBI Corporate Utility Credit Card
Corporates receive 2 e-statements for their SBI Corporate Utility Credit Card. These include -
Yes, fee is charged based on the total amount that is due. Further details are given in the table below.
|Total Amount Due||Fee Charged|
|< Rs. 200||Nil|
|Rs. 201 - Rs. 500||Rs. 100|
|Rs. 501 - Rs. 1000||Rs. 200|
|Rs. 1001 - Rs. 10,000||Rs. 500|
|> Rs. 10000||Rs. 750|
No, there is no fee charged for an emergency card replacement and is complementary.
No, there is no annual fee that is applicable on the SBI Corporate Utility Credit Card.