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.
| 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 |
| 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 |
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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 |
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 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.
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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