✔️How is a corporate credit card different from a business credit card?

A business credit card can be availed by anyone who needs a separate banking account for their business. On the other hand, only large companies can avail of company credit cards.

✔️Is it easy to get a corporate credit card?

Lenders make the decision to issue a corporate credit card after checking the company’s most recent financials and tax filings. If the company has good financials, it is easy to get a company credit card.

✔️How do you qualify for a corporate credit card?

The eligibility criteria to qualify for a corporate card may vary from one bank to another. At the time of reviewing the application, banks usually do an assessment of the company’s financial health. In addition, they may also ask for necessary documents such as profit/loss statements, annual revenue, tax filed, etc.

✔️Who can get a corporate credit card?

If you work in an established company, your company can avail of corporate credit cards. You can get it if your company decides to issue it to you.

✔️Is a corporate credit card good?

Yes, corporate credit cards offer a number of benefits to employees as well as companies. For instance, with these cards, employees do not need to pay for business expenses from their pockets, and employees can limit spending from their own accounts. These cards offer many other benefits depending on the card variant that you choose.

Corporate Credit Card

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What is a Corporate Credit Card?

A corporate credit card, also called an employee credit card, differs from a business credit card. It is a type of credit card that banks or NBFCs issue to established companies.

These companies, in turn, provide these cards to their employees, who can use them to pay for their business-related expenses, like travel tickets and hotel bookings. Moreover, a corporate credit card also differs from other credit cards with respect to the liability of debt payment.

While with other credit cards, you are solely responsible for clearing the dues, an employee credit card requires the issuer company to repay them. Read on to know more about these cards and how a company can apply online for a corporate credit card.

List of Some of the Top Corporate Credit Cards

Corporate Credit Card	Key Features
HDFC Premium Corporate Card	- Supports a round-the-clock management information system - Easy integration with existing account system - Comes with complimentary membership of the Priority Pass Program - Provides a ₹1 Crore air travel accident insurance cover for cardholders
HDFC Corporate Platinum Card	- Supports a round-the-clock management information system - Creates category-wise management information system reports for cardholders - Provides a ₹1 Crore air travel accident insurance cover
YES FIRST Corporate Credit Card	- Supports a round-the-clock management information system - Cardholders have access to individual account statements - Comes with free insurance for any air accidents
IndusInd Bank Corporate Card	- The card is equipped with a robust Expense Management platform - Provides a smart category-wise spending tracking and analysis - This card easily integrates with existing ERP system - You can enjoy the privilege of a dedicated service manager
Kotak Mahindra Corporate Wealth Signature Credit Card	- The card is universally acceptable online and at all stores - Comes with complimentary airport lounge access - Has a consolidated payment solution - Dedicated relationship manager
Kotak Mahindra Corporate Platinum Credit Card	- The card is globally accepted online and at all stores - Comes with complimentary lounge access at select airports - Has a comprehensive solution for the payment system - Dedicated relationship manager
Axis Bank Corporate Credit Card	- Comes with a unique management information system - Efficient and interactive reporting system - Comes with complimentary lounge access at select airports - The card is equipped with a single payment solution
SBI Platinum Corporate Card	- Is equipped with a unique spend management tool - Comes with a complimentary membership of Priority Pass - Air travel accident insurance cover of ₹1 Crore - This card is universally acceptable

Benefits of a Corporate Credit Card

1. Benefits for Employees

The following are some of the benefits you get to enjoy as an employee for using a corporate credit card:

A corporate credit card allows you to pay for business expenses from company accounts
With an employee credit card, you do not have to worry about collecting bills and receipts for later reimbursement
If your card allows it, you can access airport lounges for free in domestic and international destinations
Your finances do not get stalled while you wait for your earlier payments to get reimbursed
Depending on your card variant, you can earn exciting rewards for every transaction made
You also get to enjoy additional benefits like emergency loans, quick replacement of lost cards, etc.

2. Benefits for Employers

The company can enjoy the following benefits if they choose corporate credit cards for employees:

Companies get the option to limit the overall spending or amount per transaction
Companies can also select the destinations where employees are allowed to use the card

How to Apply for Corporate Credit Cards Online

Since banks and NBFCs issue corporate credit cards to companies only, you can not apply for it as an employee. Here is how a company can apply online for a corporate credit card:

Make sure that you have a good credit score and an impeccable repayment history
Visit the nearest bank branch or its official website
Compare different credit cards offered by the issuer bank
Select a corporate credit card that best suits your company’s needs

Fill out the application form with all the required information and documentation

DISCLAIMER: The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on Corporate Credit Cards

✔️How is a corporate credit card different from a business credit card?

A business credit card can be availed by anyone who needs a separate banking account for their business. On the other hand, only large companies can avail of company credit cards.
✔️Is it easy to get a corporate credit card?

Lenders make the decision to issue a corporate credit card after checking the company’s most recent financials and tax filings. If the company has good financials, it is easy to get a company credit card.
✔️How do you qualify for a corporate credit card?

The eligibility criteria to qualify for a corporate card may vary from one bank to another. At the time of reviewing the application, banks usually do an assessment of the company’s financial health.

In addition, they may also ask for necessary documents such as profit/loss statements, annual revenue, tax filed, etc.
✔️What is a corporate credit card?

A corporate credit card is a type of card that banks issue to large and established companies. These companies provide these cards to their employees to cover business expenses like air travel, hotel bookings, etc.
✔️Who can get a corporate credit card?

If you work in an established company, your company can avail of corporate credit cards. You can get it if your company decides to issue it to you.
✔️Is a corporate credit card good?

Yes, corporate credit cards offer a number of benefits to employees as well as companies.

For instance, with these cards, employees do not need to pay for business expenses from their pockets, and employees can limit spending from their own accounts. These cards offer many other benefits depending on the card variant that you choose.