Unlike our previous post about the best credit cards for salaried persons, in this post, we are going to talk about the Best Business Credit Cards you can apply for on behalf of your business.
Also, you can simply apply them as corporate credit cards.
Generally, as salaried or self-employed we choose to apply for regular credit cards.
But do you know for business owners banks also offer Business credit cards?
These cards are specially designed to manage your business expenses rather than your personal needs.
Such cards always carry a business tag with their name Example ” HDFC MoneyBack Business Credit Card”.
Read: Secured Credit Cards
Best Business Credit Cards For Business Owners
In this post, we will know about some best and multipurpose business credit cards you can apply for.
- HDFC MoneyBack Business Credit Card
- Axis Bank My Business Credit Card
- SBI Business Platinum Credit Card
- ICICI Bank Business Credit Card
- Kotak Corporate Credit Card
- IndusInd Bank Corporate Credit Card
#HDFC MoneyBack Business Card:
HDFC Moneyback is one of the popular credit cards of HDFC Bank.
This card gives you all the required features and benefits, including shopping, domestic / International Bill Payments, Fuel benefits, Rewards points, cash back on websites, cash-on-card facilities, etc.
- You will earn 2 reward points for each 150/- INR spending.
- 1% fuel surcharge waiver on all fuel outlets.
- EMI facility on big purchases.
- Cash on-card facility.
- Overdraft benefits*.
- Worldwide acceptance.
- Spending control facility.
- Annual Charges – 500/- INR
#Axis Bank My Business Credit Card
Axis Bank is a Private Sector bank and has a wide range of cards for individual and corporate users.
As per requirement and eligibility, you can apply for any credit card.
For Corporate and business card users Axis Bank’s MY Business Credit Card is an effective way to manage your business expenses.
- The benefits of MY Business Credit Card include- attractive interest rates, a business savings plan, fuel surcharge waivers, airport lounge access and much more.
- Complimentary lounge access facility.
- 1% fuel surcharge waiver on all fuel outlets.
- EMI facility on big purchases above 2500/- INR.
- Cash on-card facility withdrawal up to 30% of your credit limit.
- Joining fee – 999/- 2nd Year – 499/- INR.
#SBI Business Platinum Credit Card
SBI Platinum Corporate credit card is the best option if you are looking for a global corporate card.
With SBI Platinum Corporate Card you can experience a new level of convenience and efficiency with customised data analysis, e-statements and detailed insights for all personal transactions
Analyze the organisation’s spending pattern with Visa Intellilink spend management tool and control expenses better, rather than resort to budget cuts
- Restrict non-permitted merchant categories like jewellery, casinos, etc
- Fix a daily, weekly monthly spending limit on your card.
- Up to 60 lac insurance benefit.
- Worl-wide acceptance.
- Air-Accidental Insurance covers worth 50 Lac.
- Lost card Liability worth 3 lac.
- Fraud protection worth 2 lac
- Lounge Access Facility & Priority Pass Membership.
- Dashboard facility advantage for quick snapshots of key information
- Get email alerts to signal key events like approvals, availability of reports or statements and program thresholds
- Interest-free time – 50 days
Joining Fee – Zero
Annual fee – Zero
#ICICI Bank Business Advantage Credit Card
One of the best cards from ICICI bank corporate credit cards list.
ICICI Bank Business Advantage Black Card is designed with the enhanced convenience of contactless technology an exclusive card that drives business savings, Smartly.
The card offers cashback on your recurring business expenses – from air travel to car rentals to professional services payments (accounting services, advertising and marketing etc.) and much more.
Over and above earning cashback on your business expenses, you earn additional cashback on your Credit Card payments as well.
- Interest-free credit period up to 48 days
- Spends linked rewards / InterMiles / Offers & Discounts
- Fuel surcharge waiver of 1%
- Simplify bookkeeping – Online expense management
- Complimentary airport lounge access
- Comprehensive Insurance Coverage up to Rs. 75 lakh
- GCAS customer assistance
- Earn regular rewards and cashback
- Multiple corporate work addon benefits from Airtel, DocuSign, Evernote, Awfis, Amazon Web Services etc.
Joining fee: Rs 1,500 + GST
Annual fee: Rs 1,000 + GST
Kotak Corporate Credit Card
Kotak Mahindra Bank The Kotak Corporate Gold Card is specifically designed for Corporates to help them manage their expenses better.
This is done by providing them with a consolidated monthly statement, and the opportunity to clear any dues with one consolidated payment.
- Higher rewards for spending.
- 1% fuel surcharge waiver on all fuel outlets.
- Cash on-card facility.
- Overdraft benefits*.
- Worldwide acceptance.
- Spending control facility (monitor spending pattern of employees)
- 48-day interest-free time period.
Joining Charges – Zero
Annual charges – Zero ( Basic card) / 1000/- INR For Classic
IndusInd Bank Corporate Credit Card
IndusInd Bank has also offered some best corporate or business credit cards for customers.
These cards give you convenience and top-class benefits. Access an exquisite bouquet of services, embellished with the right touches of additional security.
Benefits like
- Spending data analysis
- Category-wise spending tracking facility.
- Priority pass membership and lounge access facility.
- Fuel surcharge waiver on all fuel outlets.
- Lost card liability and fraud protection.
- Dedicated customer service facility.
- Worldwide card acceptance.
- up to 50 days interest-free time period.
Also Read:
How To Pay Off Credit Card Debt Fast?
Best Shopping Credit Cards In India.
Bajaj EMI Network Card Benefits & Eligibility.
Best Personal Finance Books You Should Read.
What is the ideal credit score which is required to get a business credit card?
Generally, banks require a credit score between 725 to 900 for issuing any credit card, or loan in India. but in some cases* banks can offer cards with 690 and above credit scores.
What are the documents required for applying for a business credit card?
A business owner needs to submit some mandate documents for prior approval of His/Her business credit card:
#Income Proof (Current and Last year’s ITR copy ) As per the income eligibility of the card.
#Bank Statement (At least for the last 6 months)
#Residence proof (You can provide on valid Govt. ID – Aadhar, Votar Card, Passport, etc)
#Pan Card Copy (For Signature & Photo ID)
#Passport Size Photograph
Your credit score and existing credit history also should be clear and with no dispute or settlement in recent years.
If found can be the reason for your application rejection in the bank.
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