A Corporate Premium Credit Card is a payment card issued to a company for use by employees authorised to make travel-related expenses. This card is used for business-related expenses such as travel, supplies, dining, etc. Corporate Credit Card benefits both employees and the company. The company benefits from convenient expense management, streamlined cash flow and enhanced transparency. Employees can use this Credit Card to cover business expenses instead of paying from their personal account. The Credit Card bills are settled by the company itself.

Companies can apply for a Corporate Premium Credit Card. Companies can then request the card issuer to issue individual Corporate Credit Cards to their employees.

Private Limited, Public Limited and Partnership firms/LLP can apply for Corporate Credit Cards.

The credit limit of a Corporate Credit Card depends on various factors, including the company’s financial standing, creditworthiness and track record. You can get in touch with the bank to check your eligibility.

Minimum annual turnover required to apply for corporate cards is ₹10 crore. 

Company can still apply for corporate cards basis secured collateral like Fixed Deposit, Bank Guarantee etc 

HDFC Bank offer 3 programs as below, corporate can choose any one:

Yes, cardholder can hold a corporate & individual card (consumer) under Sole, J&S & LLP programs.  However under declaration/ Individual liability program a cardholder can hold both the card only if corporate is eligible as part of dual carding policy (Dual card process rolled out separately) 

We have two variants in corporate cards as below: 

• Corporate Platinum  – Minimum credit limit required is INR 30 thousand (30K to 2 Lac) 

• Corporate Premium – Minimum credit limit required is INR 2 lakhs 

• Platinum cards – 3 reward points for every INR 150 spent (max 6000 per statement cycle)

• Premium cards – 5 reward points for every INR 150 spent (max 10000 per statement cycle)

Yes, reward points can be consolidated for corporates with turnover greater than 200 Cr i.e Corporate segment & not eligible under Business Corporate segment.

Corporate Platinum – 8 (2 per Quarter) complimentary visits to Domestic Lounges within India through Corporate card. 

Corporate Premium: 20 complimentary visits to Domestic Lounges (5 per quarter) within India through Corporate card & 6 Complimentary International Lounge per calendar year (outside India) using Priority Pass. 

Lounge visits on Corporate Cards cannot be customised 

Floater gives a flexibility to allocate credit limit at card level. 

For e.g. – If the approved limit for corporate is ₹10 lakh, & corporate wants 20 cards with a limit of ₹1 lakh / card, same is possible with floater, i.e. – overall limits on all cards can be ₹20 lakh, however at no point of time, total exposure on all cards be greater than ₹10 lakh.

Yes, cash withdrawal is permitted on corporate cards. 

Yes, transaction wise data can be pushed to corporate’s ERP system. HDFC Bank is integrated with all major ERP systems such as Concur, Oracle, Happay, Zoho, please confirm the ERP system which corporate is using & raise the query to CTA Support desk. 

No, there is no cost to corporate for pushing of data to ERP system 

Yes, merchant category wise (MCC) restriction is possible on corporate cards 

Below are the various insurance covers provided on corporate cards:
 

CLWI provides a cover to corporate in case any employee becomes dishonest or goes absconding & corporate is unable to recover amount due on card from him  

• Cover per card – Equal to credit limit on the card subject to maximum of ₹2 lakh 

• Corporate level insurance – ₹25 lakh / annum 

This is standard product feature and cannot be customized

Corporate can get access to reporting tools (SDG2 powered by MasterCard or Intel Link powered by VISA) & view / create various customised reports for the spends done by card holders such as employee wise, merchant wise and various other reports 

Card holder can receive an E-statement or physical statements. In addition, the corporate key contact will receive consolidated statement for all cards

Up to 50 Days Interest Free Credit Period

• Payments can be made via cheque, auto debits or online modes such as NEFT, RTGS 

• Payment can be made by individual corporate card holders or the corporate directly 

• Corporate can make a consolidated payment for all cards by providing bifurcation of amount to be transferred on individual cards  

Maintenance activities for Sole, J&S liability programs can be managed through:  

• Corporate Servicing - Authorized signatories can write an email to corporate servicing team for all maintenance activities 

• Corporate Service Portal – Corporate can be provided with access to corporate portal to carry out certain real time maintenance activities  

• Card holders on declaration / individual liability programs need to call customer service centre to carry out maintenance activities