The SBI Platinum Corporate Credit Card is tailored for corporate employees and businesses, offering a host of features that cater to the financial needs of both organizations and their employees. This card is designed to streamline business expenses, provide detailed expense management, and offer rewards on everyday corporate spending. With a focus on providing value to companies through rewards, travel benefits, and seamless expense tracking, the SBI Platinum Corporate Credit Card is an excellent choice for businesses looking to manage their corporate expenses efficiently.
- Overview
- SBI Platinum Corporate Credit Card Fees and Charges
- SBI Platinum Corporate Credit Card Benefits
- Rewards
- SBI Platinum Corporate Credit Card Usage
- Airport Lounge Access
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- SBI Platinum Corporate Credit Card Review
- Similar Cards to SBI Platinum Corporate Credit Card
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Corporate Credit Card |
| Reward Rate | 2 Reward Points per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 when redeemed |
| Joining Fee | ₹499 + GST |
| Unique Selling Points | Expense management tools, travel benefits, rewards on corporate spending |
| Rating | ★★★★☆ (4.3/5) |
SBI Platinum Corporate Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹499 + GST |
| Annual Fee | ₹499 + GST (waived on spending ₹2 lakh annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹500) |
| Late Payment Fee | ₹400 to ₹1,300 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹500 and ₹4,000 |
SBI Platinum Corporate Credit Card Benefits
Rewards Program
- 2 Reward Points per ₹100 Spent: Earn 2 Reward Points for every ₹100 spent on business-related expenses, including travel, dining, and office supplies.
- Travel and Dining Rewards: Earn additional Reward Points on travel and dining spends, making this card valuable for corporate travel and entertainment.
- Best Reward Credit cards in India.
Business-Focused Features
- Expense Management Tools: The card provides detailed expense tracking and reporting, helping businesses manage and control their spending effectively.
- Credit Period: Enjoy up to 50 days of interest-free credit on your purchases, which can help improve your company’s cash flow.
Travel Benefits
- Complimentary Lounge Access: The card offers complimentary access to select airport lounges across India, enhancing the travel experience for frequent business travelers.
- Travel Insurance: Get complimentary travel insurance coverage, including protection against travel accidents and lost baggage.
- Best Travel Credit Cards in India.
Welcome Benefits
- Joining Bonus: Receive 1,000 Reward Points as a welcome benefit upon payment of the joining fee and first transaction within 30 days.
Fuel Surcharge Waiver
- Fuel Benefits: Get a 1% waiver on fuel surcharge on transactions between ₹500 and ₹4,000, with a maximum waiver of ₹250 per billing cycle.
Security Features
- EMV Chip Security: The card comes with an EMV chip, providing enhanced security for your transactions.
- Liability Cover: The card offers liability cover against fraudulent transactions if the card is lost or stolen, provided the loss is reported immediately.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| Business Expenses | 2 Reward Points per ₹100 spent |
| Travel and Dining | Accelerated Reward Points |
Redemption
- Gift Vouchers and Merchandise: Redeem your Reward Points for a variety of gift vouchers, travel bookings, and merchandise through the SBI rewards catalog.
- Air Miles Conversion: Convert Reward Points into air miles with partner airlines for free or discounted flights.
SBI Platinum Corporate Credit Card Usage
- Business and Personal Expenses: Use the SBI Platinum Corporate Credit Card for both business and personal expenses, maximizing rewards and benefits on all your spending.
- Bill Payments: Pay your utility bills, mobile recharges, and other regular expenses using the SBI Platinum Corporate Credit Card and earn Reward Points on every transaction.
Airport Lounge Access
The SBI Platinum Corporate Credit Card offers complimentary access to select airport lounges across India, providing a comfortable travel experience for corporate cardholders.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹3 lakh.
- Business Status: Available to self-employed professionals, small business owners, and corporate employees.
How to Apply?
Online Application
- Visit the SBI Card website or contact your corporate HR department.
- Complete the application form with your business and personal details.
- Submit the required documents for verification.
- If eligible, you’ll receive approval, and the card will be delivered to your address.
SBI Platinum Corporate Credit Card Review
Editor’s Rating
- Benefits: 4.3/5
- Fees: 4.0/5
- Customer Service: 4.2/5
Summary
The SBI Platinum Corporate Credit Card is a valuable tool for businesses and corporate employees who want to manage their expenses effectively while earning rewards. With 2 Reward Points per ₹100 spent and additional benefits like complimentary airport lounge access and travel insurance, this card is ideal for frequent travelers and businesses that want to streamline their spending. The card’s low joining and annual fees, combined with the potential to waive the annual fee, make it a cost-effective solution for managing both business and personal finances. While it may lack the premium perks of higher-end corporate cards, the SBI Platinum Corporate Credit Card offers a solid range of benefits for its price point.
Pros and Cons
| Pros | Cons |
|---|---|
| 2 Reward Points per ₹100 spent on business expenses | Foreign transaction fee of 3.5% + GST |
| Complimentary airport lounge access | No cashback option for Reward Points |
| Low joining and annual fees, with potential for waiver | Limited premium features compared to high-end corporate credit cards |
| Expense management tools and detailed statements | No insurance coverage or additional security features |
Similar Cards to SBI Platinum Corporate Credit Card
| Feature | SBI Platinum Corporate Credit Card | HDFC Business MoneyBack Credit Card | ICICI Bank Business Advantage Black Credit Card |
|---|---|---|---|
| Annual Fee | ₹499 + GST (waived on spending ₹2 lakh annually) | ₹500 + GST (waived on spending ₹50,000 annually) | ₹500 + GST (waived on spending ₹1.5 lakh annually) |
| Reward Rate | 2 Reward Points per ₹100 spent | 2 Reward Points per ₹150 spent | 1 Reward Point per ₹100 spent |
| Airport Lounge Access | Yes, complimentary access to select lounges | No | No |
| Eligibility | Available to self-employed professionals and business owners | Available to self-employed professionals and business owners | Available to self-employed professionals and business owners |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
HDFC Business MoneyBack Credit Card vs SBI Platinum Corporate Credit Card
The HDFC Business MoneyBack Credit Card offers similar rewards with 2 Reward Points per ₹150 spent but does not provide airport lounge access. The SBI Platinum Corporate Credit Card’s lounge access and travel insurance benefits make it a better option for frequent travelers.
ICICI Bank Business Advantage Black Credit Card vs SBI Platinum Corporate Credit Card
The ICICI Bank Business Advantage Credit Card offers 1 Reward Point per ₹100 spent, making it less rewarding compared to the SBI Platinum Corporate Credit Card. Additionally, the SBI card’s travel benefits and complimentary lounge access provide more value for corporate users.
FAQ
What is the annual fee for the SBI Platinum Corporate Credit Card?
The annual fee is ₹499 + GST, which is waived if you spend ₹2 lakh annually.
How do I earn rewards with the SBI Platinum Corporate Credit Card?
You earn 2 Reward Points for every ₹100 spent on business-related expenses. These points can be redeemed for gift vouchers, travel bookings, and merchandise.
Does the SBI Platinum Corporate Credit Card support international transactions?
Yes, the card supports international transactions with a foreign transaction fee of 3.5% + GST.
How do I manage my SBI Platinum Corporate Credit Card account?
You can manage your card through the SBI Card app or the SBI Card website, which offers real-time tracking, spending insights, and easy redemption of rewards.
Are there any hidden fees with the SBI Platinum Corporate Credit Card?
No, the SBI Platinum Corporate Credit Card has no hidden fees, and all charges are transparently communicated through the bank’s official channels. For more details you can visit official website.
