The SBI Signature Corporate Credit Card is designed for the frequent business traveller. The card is made to deliver convenience together with exclusivity. The card benefits the organisation as well as the employee. Organizations can easily keep track of employee’s expenditure and manage spending and settlements. They can also evaluate spending behaviours and patterns and even forecast future expenditure and budgets. On the other hand, employees who hold the card can enjoy privileges without the organisation spending a fortune.
The card is accepted worldwide. There are more than 24 million outlets in the world which includes 3, 25,000 outlets in India, where cardholders can use their SBI Signature Corporate Credit Card.Dual benefits:
Both employee and employer can benefit from this card. While the employee can enjoy benefits and privileges offered with this card, employers can have a better hold on what they spend on and how much.EMV chip and Pin enabled:
EMV chip and pin feature provides top security against counterfeiting and fraud.Easy to use system:
The card works on VISA Intellink Spend Management which is easy to use and convenient.Spend analyser:
Companies can review, control and manage the expenses on the employee better.More control over expenses:
As a corporate, you can control the expenses of your employee so that you don’t end up with unnecessary money spent. The card comes enabled with a feature to restrict spends in certain categories.Unmatched privileges:
With the SBI Signature Corporate Credit Card, cardholders can enjoy unmatched privileges like complimentary lounge access, priority pass membership and free insurance.
The benefits of this card is divided into two segments as two entities enjoy the features of this card.
The card is enhanced with VISA Intellink Spend Management which helps your organisation manage and control employee spends. The interface and dashboard are user friendly to give you a better experience.
You can review spends on the credit card. You will have more control over costs and you can use your buying leverage to get cheaper flight tickets and better terms with airlines and hotels.
The credit card is equipped with fast data processing which allows you to review the whole organisation’s spending information on a daily basis.
Information is available round the clock and you have real-time expense management.
You can also choose to block undesired merchant category codes. This gives you better control over what the credit card can be used for.
SBI provides a service helpdesk and relationship managers to assist you with anything needed by your organisation 24/7.
E-statements ensure that your statements are always delivered to your inbox without delay.
An organisation can pay the collective expenses on all the corporate cards in one consolidated payment.
Your employees can enjoy complimentary access to 22 airport lounges in India and abroad. They also get access to a resting and nap area, including a shower, and complimentary F&B.
With complimentary priority pass membership, cardholders get access to over 600 international airport lounges around the world.
Cardholders also receive free insurance that covers air accidental death up to Rs. 1 crore.
Complimentary insurance is also given for lost card liability.
Complimentary travel insurance against lost baggage, delayed baggage, lost passport and flight delays.
Cardholders get access to free concierge services that are personalised and available around the clock.
In case of lost card, the card will be replaced immediately in case of an emergency.
If there is a cash facility on the card, your employees can withdraw cash in case of emergencies.
For transactions between the amount of Rs. 500 and Rs. 4000, a 2.5% fuel surcharge will be waived for payments made with the SBI Signature Corporate Card.
With the SBI Signature Corporate Card, the cardholders are privy to offers and deals from food to travel.
|Annual fee (per annum)||Rs. 499|
|Add on cards||Not available|
|Interest free period||20-50 days interest-free period is given provided the previous month’s outstanding balance is paid in full. Applicable on retail purchases.|
|Interest rate||From the transaction date, the interest charged is up to 3.35% per month (40.2% p.a.). The card does not offer revolving facility as it is a charged card.|
|Minimum Amount due||There is no minimum amount due. The total outstanding balance is the total amount due.|
|Cash Advance||Varies between card offers. This facility can also be made unavailable.|
|Cash Withdrawal interest||If cash withdrawal is permitted, the interest is charged at 3.35% p.m. (40.2% p.a.) from the date of transaction. No interest-free period is granted.|
|Fees on cash withdrawal at SBI ATMs and other domestic ATMs||2.5% of transaction amount or 300/- per transaction, whichever is higher.|
|Fees on cash withdrawal at International ATMS||3% of transaction amount or 300/- per transaction, whichever is higher.|
|Over limit||2.5% of the amount over limit subject to a minimum of Rs. 500.|
|Emergency Card Replacement||Free|
|Cheque Pickup||Not available|
|Cheque Bounce/Invalid Cheque||2% of the cheque amount or a minimum of Rs. 350 and maximum Rs. 500.|
|Foreign Currency Transaction||3.5% conversion mark up|
|Cash OTC Fees||Rs.100 + Service Tax|
|Surcharge on Railway tickets purchased at the counter||Rs. 30 + 2.5% of the transaction amount|
|Surcharge on Railway tickets purchased on www.irctc.co.in||1.8% of transaction amount + service charge|
|Fuel surcharge||If the fuel surcharge waiver is not applicable or the maximum surcharge waiver limit has crossed Rs. 250, then 2.5% of the transaction amount, subject to a minimum of Rs. 10 will be charged.|
|Chargeslip Request||Rs. 225 per chargeslip|
|Total Amount Due (In Rupees)||Fees (In Rupees)|
|10000 and above||750|
The State Bank of India has an array of credit cards on offer. Each card suits different needs and financial capabilities of people. The SBI Signature Corporate Card is designed for corporate companies. In order to avail of this card, you can make an enquiry and request a proposal by emailing SBI or calling their phone line.
The documentation required for this card is specialized as per SBI terms and conditions. Please check with the bank for more information.
The SBI Signature Corporate Credit Card bill should be paid by the organisation. The payment can be made through the following ways:
There is no revolving credit facility on the SBI Corporate Card. The total outstanding amount due in any particular statement should be paid in full. If the amount is not paid, there are penal charges that will be applicable.
The criteria varies between companies. Please contact SBI for detailed information.
You can avail of the fuel surcharge at any petrol pump in India. The transaction should be between Rs. 500 and Rs. 4000. You will receive a 2.5% surcharge waiver when you swipe your SBI Signature Corporate card. You can avail of a maximum of Rs. 250 per card in a month.
The add on card facility is not available with the SBI Signature Corporate card.
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