Business Credit Card

Key Features and Benefits of Business Credit Cards

1. Credit Limit - Business credit cards often come with higher credit limits compared to personal credit cards. This allows businesses to make larger purchases and manage their cash flow effectively.

2. Rewards and Cashback - Business credit cards often come with rewards programs tailored to business-related expenses. Cardholders can earn points, cashback, or discounts on various business purchases such as office supplies, travel, telecommunications, or advertising. These rewards can be redeemed for future business-related expenses, providing cost savings.

3. Travel Benefits - Business credit cards may offer travel-related benefits, such as airport lounge access, complimentary travel insurance, discounted or free hotel stays, and airline miles or rewards points for booking flights or hotels. These benefits are particularly advantageous for businesses with frequent travel requirements.

4. Fraud Protection - Business credit cards typically come with enhanced security features and fraud protection measures. They offer zero liability protection against unauthorized transactions, reducing the financial risk for businesses.

5. Vendor Discounts - Some business credit cards have partnerships with specific vendors or suppliers, offering exclusive discounts or preferential rates on business-related purchases. These partnerships can help businesses save money on regular expenses and improve their overall purchasing power.

Types of Business Credit Cards in India

In India, there are different types of business credit cards offered by various financial institutions. Here are some common types of business credit cards available -

1. Corporate Credit Cards - These cards are typically issued to employees of large corporations and come with high credit limits. Corporate credit cards offer features like centralized billing, expense tracking, and reporting tools for efficient expense management.

2. Small Business Credit Cards - Designed for small and medium-sized enterprises (SMEs) and startups, these cards cater to the specific needs of business owners. They often offer rewards and benefits tailored to business expenses, such as discounts on office supplies, travel perks, and cashback on business-related spending.

3. Fuel Credit Cards - Fuel credit cards are particularly useful for businesses that require frequent travel or transportation. These cards provide discounts, cashback, or rewards on fuel purchases, along with additional benefits like complimentary roadside assistance and fuel surcharge waivers.

4. Business Travel Credit Cards - Aimed at businesses with substantial travel expenses, these credit cards offer travel-related benefits. These may include airline miles, airport lounge access, hotel discounts, travel insurance coverage, and rewards for booking flights or hotels.

5. Cashback and Rewards Credit Cards - Some credit cards offer cashback or rewards on various business-related expenses, such as office supplies, utilities, advertising, or telecommunications. These rewards can be in the form of points, discounts, or cashback, providing businesses with additional savings.

6. Co-branded Credit Cards - Co-branded credit cards are issued in partnership between financial institutions and specific business entities or industry associations. These cards offer benefits and rewards specific to the partnering organization, such as discounts on products or services, exclusive offers, or access to industry events.

Banks/Financial Institutions Offering Business Cards

1. HDFC Bank

2. SBI Bank

3. Axis Bank

4. Kotak Bank

5. ICICI Bank

Top Business Credit Cards in India

Below are some of the useful business cards that you can apply for.

HDFC Bank Corporate Premium Credit Card

Key Features of HDFC Bank Corporate Premium Credit Card

2. Enjoy up to 50 days of interest-free credit period.

3. Reward points – Get 5 reward points for every Rs. 150 spent.

4. Avail of 5 complimentary domestic lounge access and 6 complimentary international lounge access.

5. Reduce the risk of employee fraud with corporate liability waiver insurance.

6. Travel insurance covering air accidental death, emergency medical expenses while traveling, flight delay losses, loss of checked-in baggage, missed connecting flight, etc.

7. Exclusive Smart Buy Corporate Portal to redeem your reward points.

ICICI Bank Business Advantage Black Card

Key Features of ICICI Bank Business Advantage Black Credit Card

2. Get attractive cashback on your card spending.

3. Contactless cards that enable faster and more secure payments.

4. Avail of complimentary concierge services to book hotels, flights, cars, emergency assistance, flowers, gift assistance, etc.

5. Get a minimum discount of 15% on 2500+ partner restaurants.

6. Avail of personal air accident death insurance cover of Rs. 75 lakhs.

7. 2 complimentary access to airport lounges.

Axis Bank My Business Credit Card

Key Features of Axis Bank My Business Credit Card

2. Avail of complimentary airport lounge access twice a quarter.

3. Avail of cash advance facility up to 30% of your credit limit from over 1 million Visa ATMs.

4. Give a standing instruction to pay your bills automatically, thus avoiding penalty charges.

5. Convert any transaction above Rs. 2,500 to easy EMIs.

Kotak Bank Corporate Gold Credit Card

Key Features of Kotak Bank Corporate Gold Credit Card

2. Avail of fuel surcharge waiver.

3. Consolidated payments for all employee cards

4. Expense management including vendor-wise spend tracking.

5. Statistical data provided for analysis

HDFC Bank Business Regalia Credit Card

Key Features of HDFC Bank Business Regalia Credit Card

2. Pre-approved loans and cash withdrawal facility.

3. Reward-based credit card

4. Complimentary airport lounge access.

5. SmartHub app to redeem reward points easily.

6. Priority pass application available.

SBI Corporate Utility Credit Card

Key Features of SBI Corporate Utility Credit Card

2. Insurance against employee fraud

3. Spend category control available like gas, electricity, mobile, landline, etc.

4. Customized Analytics and MIS capability

5. Individual statements at a consolidated organization level.

6. Chip and PIN-enabled credit cards for secure and safe payments.

FAQs Of Business Credit Card