The HDFC Corporate Platinum Credit Card is a popular choice among business credit cards offered by HDFC Bank, providing a blend of convenience and valuable benefits for managing business expenses. This card offers a range of features, including a decent reward rate and travel perks such as complimentary lounge access and insurance benefits, making it an attractive option for business owners who want to maximize their savings and benefits. One of the key advantages of this card is its ability to help business owners track employee expenses by setting credit limits on individual cards and generating customized reports on spending patterns, categories, and behaviors. This level of detail aids in making better-informed business decisions and maintaining control over company expenditures.
In addition to these benefits, the HDFC Corporate Platinum Credit Card also offers a fuel surcharge waiver and a spend-based waiver, which can help reduce overall business expenses. These features are particularly useful for companies with employees who travel frequently or need to make frequent fuel purchases, as they provide significant savings on routine expenditures. The card’s detailed transaction information at the employee level ensures that businesses can closely monitor and manage spending, providing greater oversight and control over financial operations.
Overall, the HDFC Corporate Platinum Credit Card is a comprehensive tool for businesses seeking to streamline expense management while enjoying a range of rewards and benefits. It is ideal for companies looking to enhance their financial oversight and optimize spending across various categories. For a detailed review of this credit card and its full range of features and benefits, keep reading.
- Overview
- HDFC Corporate Platinum Credit Card Fees and Charges
- HDFC Corporate Platinum Credit Card Features and Benefits
- Expense Management and Corporate Services
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- Similar Cards to HDFC Corporate Platinum Credit Card
- HDFC Corporate Platinum Credit Card vs. ICICI Bank Business Advantage Black Credit Card
- HDFC Corporate Platinum Credit Card vs. Axis Bank My Business Credit Card
- Final Thoughts
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Corporate Credit Card |
| Reward Rate | Earn 2 reward points per ₹150 spent on all purchases |
| Joining Fee | Nil |
| Key Benefits | Rewards on spends, extensive insurance, travel perks |
| Rating | ★★★★☆ (4.6/5) |
HDFC Corporate Platinum Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Annual Fee | Nil |
| Finance Charges | 3.49% per month (41.88% per annum) |
| Foreign Transaction Fee | 2% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn, with a minimum of ₹300 |
| Late Payment Fee | ₹100 to ₹1,300 depending on the outstanding balance |
| Overlimit Fee | ₹500 |
HDFC Corporate Platinum Credit Card Features and Benefits
Rewards Program
- Earn Reward Points: Accumulate 2 reward points for every ₹150 spent on all purchases. These points can be redeemed for a wide range of options including travel vouchers, gift cards, and merchandise.
Travel Perks
- Airport Lounge Access: Enjoy complimentary access to domestic and international airport lounges, enhancing the travel experience for corporate cardholders.
Insurance Coverage
- Comprehensive Insurance: This card includes travel insurance, lost card liability cover, and air accident insurance, providing peace of mind for business travelers and protection against unforeseen events.
Expense Management Tools
- Detailed Reporting: Receive detailed monthly statements and MIS reports, making it easier to track expenses, manage budgets, and maintain financial control over business spending.
Fuel Surcharge Waiver
- Save on Fuel Costs: Get a 1% fuel surcharge waiver on fuel transactions at all petrol pumps across India. This benefit is ideal for businesses with significant travel requirements.
Global Acceptance
- Worldwide Usage: The card is accepted at millions of merchant locations globally, providing flexibility and convenience for international business transactions.
Expense Management and Corporate Services
- Expense Tracking: The card offers comprehensive expense management tools to help businesses monitor and control spending efficiently.
- Corporate Liability Waiver: Protects companies against fraudulent transactions made by employees, reducing liability risks.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 2% + GST |
Eligibility
- Corporate Clients: Suitable for businesses looking to streamline expenses and gain rewards on their transactions.
- Income Requirements: Eligibility depends on the financial health and requirements of the business.
How to Apply?
- Process: Visit the HDFC Bank website or visit a branch to apply. Complete the application form, submit necessary documentation, and await approval. Once approved, the card will be issued to the corporate entity.
Similar Cards to HDFC Corporate Platinum Credit Card
| Feature | HDFC Corporate Platinum Credit Card | ICICI Bank Business Advantage Black Credit Card | Axis Bank My Business Credit Card |
|---|---|---|---|
| Annual Fee | Nil | ₹1,000 + GST (waived on spending ₹1,00,000 annually) | ₹999 + GST (waived on spending ₹50,000 annually) |
| Reward Rate | 2 Reward Points per ₹150 spent | Rewards on all business expenses | Rewards on business and personal expenses |
| Expense Management | Detailed statements and MIS reports | Comprehensive tracking and reporting | Detailed expense tracking and MIS reports |
| Insurance Coverage | Extensive travel and accident insurance | Includes fraud protection and personal accident cover | Basic insurance coverage |
| Foreign Transaction Fee | 2% + GST | 3.5% + GST | 3.5% + GST |
HDFC Corporate Platinum Credit Card vs. ICICI Bank Business Advantage Black Credit Card
The HDFC Corporate Platinum Credit Card provides robust travel perks, a strong rewards program, and extensive insurance coverage, making it ideal for large businesses needing comprehensive benefits. In contrast, the ICICI Bank Business Advantage Black Credit Card offers versatile rewards and efficient expense management tools, making it suitable for SMEs looking to maximize returns on everyday spending.
HDFC Corporate Platinum Credit Card vs. Axis Bank My Business Credit Card
While the HDFC Corporate Platinum Credit Card focuses on providing rewards and extensive travel benefits, the Axis Bank My Business Credit Card offers tailored solutions for both personal and business expenses, appealing to small business owners managing diverse transactions.
Final Thoughts
- HDFC Corporate Platinum Credit Card is perfect for large businesses seeking comprehensive rewards, travel benefits, and strong insurance coverage.
- ICICI Bank Business Advantage Black Credit Card is ideal for SMEs looking for versatile rewards and efficient expense management.
- Axis Bank My Business Credit Card suits businesses that need flexibility in managing both business and personal expenses.
FAQ
What is the annual fee for the HDFC Corporate Platinum Credit Card?
The annual fee is nil
How do I earn rewards with the HDFC Corporate Platinum Credit Card?
Earn 2 reward points for every ₹150 spent, redeemable for travel vouchers, merchandise, and more.
Does the HDFC Corporate Platinum Credit Card offer insurance coverage?
Yes, it includes travel insurance, lost card liability cover, and air accident insurance.
What are the expense management features of the HDFC Corporate Platinum Credit Card?
The card provides detailed monthly statements and MIS reports to help businesses track and manage expenses effectively.
How do I apply for the HDFC Corporate Platinum Credit Card?
You can apply online through the HDFC Bank website or visit a branch to complete the application process.
