The Signature Corporate credit card by the State Bank of India is among the most sought-after cards offered by the bank offering a wide range of benefits. The credit card comes with unmatched privileges such as a concierge service, Priority Pass Membership, air travel insurance. The card also offers detailed spend analysis and smart expense management for all corporate employees.
| Global Acceptance |
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| Insurance Benefits |
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| Spend Control Benefits |
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| Emergency Card Replacement and Cash Disbursement Benefits |
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| Spend Control Benefits |
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| Travel Benefits |
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| Type of Charge | Amount |
|---|---|
| Joining Fee | Nil |
| Add-on card fee | Nil |
| Minimum amount due | 5% of the total outstanding amount subjected to a minimum of Rs.200 |
| Free credit period | Nil |
| Interest-free credit period | 20 days - 50 days |
| Finance charges | 3.35% per month |
| Renewal fee | Rs.499 |
| Cash advance limit | Up to 80% of the credit limit (maximum up to Rs.12,000 per day) |
| Cash advance fee at SBI ATMs or other ATMs | 2.5% of the transaction amount subject to a minimum of Rs.300 |
| Cash advance fee at international ATMs | 3% of the transaction amount subjected to a minimum of Rs.300. |
| Charge slip retrieval | Rs.225 per charge slip |
| Late payment charges |
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| Payment dishonour fee | 2% of the payment amount subjected to a minimum of Rs.350. |
| Over limit payment | 2.5% of the over limit amount subjected to a minimum of Rs.500. |
| Cheque pickup fee | Rs.90 |
| Statement retrieval | Rs.100 per statement |
| Railway ticket fee | 2.5% of the transaction cost + GST |
| Emergency card replacement, when abroad | Nil |
| Card replacement | Rs.100 |
| Cash payment fee | Rs.100 |
| Foreign currency transaction | 3.5% |
| Rewards redemption fee | Rs.99 |
Compared to other credit cards, the eligibility criteria for the Signature Corporate credit card is different. Your employer or the company you are working for will determine if you are eligible for the credit card or not. After which, the bank will take into consideration your annual income, the credit score, and your credit report.
The ideal eligibility criteria for the credit card is:
The bank will conduct a thorough check on the applicant after the company has shortlisted you for the corporate credit card. Several documents of the primary applicant will be required to be submitted during the application procedure. Here are some of the documents which are required for the application procedure:
The above-listed documents are indicative. The bank may ask you to submit any other document during the application procedure or after depending on the requirement.
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 vary among 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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