Designed for businesses seeking efficiency and control, the Corporate Credit Cards offer unmatched features and benefits. These are also known as employee credit cards as they are offered to employees by their employers to deal with official expenses. You can enjoy streamlined expense management, robust reporting tools, and tailored spending limits. These business credit cards come with competitive fees and charges, including transparent billing, ensuring cost-effectiveness.
There are several corporate credit cards available in the market to cater to diverse requirements. Here are some of India’s leading corporate credit cards and their key features:
Corporate Credit Cards |
Key Features |
YES Prosperity Business Credit Card |
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HDFC Premium Corporate Card |
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HDFC Corporate Platinum Card |
|
YES FIRST Corporate Credit Card |
|
IndusInd Bank Corporate Card |
|
Kotak Mahindra Corporate Wealth Signature Credit Card |
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Kotak Mahindra Corporate Platinum Credit Card |
|
Axis Bank Corporate Credit Card |
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SBI Platinum Corporate Card |
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Disclaimer: Some of the cards listed above are not available on Bajaj Markets. Kindly head to the respective providers' official website for the application process.
Here are the benefits of getting a corporate credit card for employees and employers:
Pay for business expenses in a hassle-free way, right from company accounts
Eliminate worries about collecting bills and receipts for reimbursement
Enjoy perks like airport and railway lounge access during business travel
Avoid financial impact while waiting for reimbursement
Make quick business decisions without excessive documentation
Access concierge services, group discounts, fee waivers, and gift card discounts
Personal credit remains unaffected, even if the employer defaults on payments
Corporate credit cards offer enhanced control and visibility over company spending
Streamline expense validation and reduce fraud by preventing receipt manipulation
Equipped with technology to protect against theft, accidents, and misuse
Organisations can set dynamic credit limits based on employees' credit needs
Enhance employee experience, contributing to an improved morale
Access to interest-free credit helps improve overall cash flow for the company
You can apply for credit cards on Bajaj Markets. However, some of the cards mentioned in the table above are not available here. However, you may explore other credit card options. Alternatively, you may visit the official websites of other credit card issuers.
A corporate credit card is a type of card that financial institutions issue to large and established companies. These companies provide these cards to their employees to help them manage business expenses.
A business credit card is for anyone who needs a separate banking account for their business. A corporate credit card, on the other hand, is a type of credit card that is only offered to corporate entities. They offer it to their employees to manage business expenses.
As an individual, you cannot apply for or get a corporate credit card unless your employer offers it to you. Large and reputed companies generally find it easy to get corporate credit cards as long as their finances are in order. Lenders will decide to issue a corporate credit card after checking the company’s most recent financials and tax filings.
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 assess the company’s financial health. They may also ask for some necessary documents such as profit/loss statements, annual revenue, tax filed, etc.
If you work in an established company, your company can get corporate credit cards. You can get it if your company decides to issue it to you.
Yes, corporate credit cards offer several 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. These cards offer many other benefits like access to airport and railway lounges, insurance, no-cost travel upgrades, etc. depending on the card variant that you choose.
While it’s not illegal to use a corporate credit card for personal needs, you might want to avoid it unless you’ve gotten permission from your employer.
Yes, corporate credit cards come with both individual and company-wide credit limits that are set by the credit card issuer after consulting with the company.
No, it’s unlikely that using your company-issued credit card will affect your credit score, either positively or negatively.
Yes, many corporate credit cards come with an emergency cash withdrawal facility. However, it’s best to check with your employer and/or credit card company before doing so.