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

    The State Bank of India's Signature Corporate credit card is one of the bank's most popular cards, offering a wide range of features. The credit card offers unrivalled benefits like concierge service, Priority Pass membership, and air travel insurance. For all corporate employees, the card also provides detailed spend analysis and smart expense management.

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    Key Highlights of the SBI Signature Corporate Credit Card

    • Enjoy priority servicing with the Signature credit card.
    • Get a complimentary Priority Pass Membership with the card.
    • Up to Rs.1 crore travel insurance given to employees as travel insurance.
    • Concierge services are available with the credit card.
    • Complimentary insurance cover will be given against fraud by employees.
    • Multilayer spends control and spend analysis offered with the card.

    Features and Benefits of the SBI Signature Corporate Credit Card

    Global Acceptance
    • This credit card by the State Bank of India is accepted at more than 38 million outlets across the world which includes more than 3 million outlets in the country.
    Insurance Benefits
    • In the case of fraud, for individual cards, the insurance given is equal to the credit card limit subjected to a maximum amount of Rs.2 lakh.
    • At a corporate level, the insurance offered is as per the corporate entity and is limited to a maximum of Rs.60 lakhs.
    • In the case of accidental death in the air and if the ticket is purchased on the corporate credit card, the insurance offered is Rs.1 crore.
    • For lost card liability, in the case of misuse of the lost card, the insurance offered is Rs.7 lakhs with prior notice given within 48 hours and 7 days post notification.
    • Under travel, baggage loss insurance cover which is given will be up to Rs.75,000.
    • For any kind of baggage delay, the insurance cover offered will be up to Rs.7,500.
    • In the case of loss of your international passport, you will be covered by an insurance of up to Rs.12,500.
    • Under the insurance policy, you will receive an assured sum of up to Rs.15,000 in the case of a flight delay.
    Spend Control Benefits
    • A multilayer spend control is offered with the Signature Corporate card which comes in two categories which are Category Control and Limit Control.
    • With category control, you can restrict non-permitted merchants like jewellery, casinos, etc. And prevent such transactions.
    • With limited control, the usage of the card can be kept with certain entitlement limits. The company can add daily, weekly or monthly limits on the corporate card.
    Emergency Card Replacement and Cash Disbursement Benefits
    • With the card, you can access emergency cash in case of emergencies within 24 hours.
    • Another benefit is that the card can be replaced from anywhere in the world without any kind of delivery charges and within 72 hours of the request.
    Spend Control Benefits
    • A multilayer spends control is offered with the Signature Corporate card which comes in two categories which are Category Control and Limit Control.
    • With category control, you can restrict non-permitted merchants like jewellery, casinos, etc. And prevent such transactions.
    • With limited control, the usage of the card can be kept with certain entitlement limits. The company can add daily, weekly or monthly limits on the corporate card.
    Travel Benefits
    • With the card, you receive a complimentary Priority Pass Program membership.
    • With the membership, you will have access to more than 600 international airport lounges all over the world.
    • However, to use the services of the lounge, a minimal fee of $27 will be charged to the card.
    • With the Visa Lounge Access Program, you can visit several airport lounges in the country.
    • The program allows you to have complimentary access to 2 airport lounges per quarter.

    SBI Signature Corporate Credit Card Fees and Charges

    Type of Charge Amount
    Joining Fee Nil
    Annual fee Up to Rs.499
    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
    • If total amount due is from Rs.0 to Rs.200 - NIL
    • Rs.201 and Rs.500 - Rs.100
    • Rs.501 and Rs.1,000 - Rs.400
    • Rs.1,001 and Rs.10,000 - Rs.600
    • Rs.10,001 and Rs.25,000 - Rs.800
    • Rs.25,001 and above - Rs.950
    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

    SBI Signature Corporate Credit Card Eligibility Criteria

    The Signature Corporate credit card has different eligibility criteria than other credit cards. If you are eligible for a credit card, it will be determined by your employer or the firm for which you work. Your annual income, credit score, and credit report will all be considered by the bank after that.

    The ideal eligibility criteria for the credit card is:

    • The age of the add-on applicant must be above the age of 15 years.
    • The primary applicant must be a citizen of India.
    • The age of the primary applicant must be between 18 and 70 years old

    Documents Required to Apply for SBI Signature Corporate Credit Card

    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:

    • Address Proof
      • Voter ID
      • Passport
      • Aadhaar card
      • Ration Card
    • Proof of Income
      • Form 16
      • IT Returns
      • Salary Slip
    • Proof of Identity

    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.

    FAQs on SBI Signature Corporate Credit Card

    1. Is the interest charged on balances carried forward to the next billing cycle?

      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.

    2. For how many employees can I avail of this card?

      The criteria vary among companies. Please contact SBI for detailed information.

    3. How do I avail of the fuel surcharge?

      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.

    4. Can I get add on cards for my family?

      The add on card facility is not available with the SBI Signature Corporate card.

      

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