HDFC Bank Corporate Premium Credit Card

Siddarth

The HDFC Bank Corporate Premium Credit Card is tailored for business travelers and accounting teams. It aims to enhance corporate travel experiences with benefits such as fuel savings, insurance coverage, and global lounge access. This card emphasizes smart spending, making it a valuable financial tool for corporate entities.

Benefits of HDFC Bank Corporate Premium Credit Card

Here are the benefits of the HDFC Bank Corporate Premium Credit Card, presented in numbered bullet points:

Reward Points: Earn 5 reward points for every Rs. 150 spent, with a maximum of 1,000 points per statement cycle. Points can be redeemed for cashback after accumulating at least 2,500 points.
Fuel Surcharge Waiver: Get a 1% surcharge waiver on fuel transactions ranging from Rs. 400 to Rs. 10,000. This waiver is capped at a maximum of Rs. 1,000 per statement cycle.
Air Accident Insurance Cover: Receive accident insurance coverage of Rs. 1 crore for air travel.
Rail and Road Accident Insurance Cover: Benefit from accident insurance coverage of Rs. 3 lakh for rail and road travel.
Free Priority Pass Membership: Access a free Priority Pass membership.
International Lounge Access: The Priority Pass membership provides access to more than 1,200 airport lounges worldwide and includes 6 free lounge visits per calendar year at airport lounges located outside India.
Domestic Lounge Access: Enjoy 20 free domestic lounge accesses per calendar year across select airports in India.
Management Information Systems (MIS) Tool: Gain access to business solutions such as MIS (Management Information Systems) tools.
Interest-Free Credit Period: Avail an interest-free credit period of up to 50 days on purchases.
Revolving Credit Facility: A revolving credit facility is available at an interest rate of 2.95% per month.
Low Foreign Currency Mark-up Charges: Benefit from low foreign exchange mark-up charges of only 2.5%.
EMV Chip for Security: The card comes with an EMV chip, encrypted to protect transactions and safeguard against data copying, tampering, counterfeiting, skimming, and fraud.

Fees and Charges

Like any premium financial product, the HDFC Bank Corporate Premium Credit Card comes with associated fees and charges, which are clearly outlined for transparency.

The joining fee is Rs. 999.
The annual renewal fee is also Rs. 999.
The interest-free credit period lasts up to 50 days.
Cash advance charges are 2.5% or Rs. 500, whichever is higher.
Foreign currency transactions incur a 2.5% fee.
GST of 18% applies to fees and charges.
Additional charges include late payment, over-limit, cash processing, and payment return fees.

Who's Eligible and What You'll Need to Apply

The HDFC Bank Corporate Premium Credit Card is designed for businesses, so the eligibility criteria focus on the company's profile.

Basic Eligibility Criteria:

The company must be established for a minimum of two years.
The required annual turnover is at least Rs. 10 crores.
Card issuance depends on document completion and compliance with bank policy.

Required Documentation:
When applying, the bank will typically ask for documents to verify the company's identity, address, and income. This usually includes:

Proof of Address: Ration Card, Passport, Voter ID, Aadhaar Card.
Identity Proof: Driving License, Passport, Aadhaar Card.
Income Proof: Form 16, IT Returns, Salary Slip.

Company Requirements:

Registration Proof.
License.
Profit and Loss Statement.
Balance Sheet.
ITR (Income Tax Return).

(Additional documents may be requested based on the company profile.)

How to Get Your HDFC Corporate Premium Credit Card

Applying for this powerful corporate tool is straightforward. You have a few convenient options:

Apply for an HDFC Bank corporate credit card in person at a branch.
Call customer care to request a corporate credit card.
Submit an application online through the official HDFC Bank website.
Check the status of your application on the HDFC website using your reference number and mobile number.

Security First: Protecting Your Transactions

In the digital age, security is crucial. The HDFC Corporate Credit Card enhances transaction safety with an encrypted EMV chip, protecting against skimming and fraud.

Conclusion: A Strategic Asset for Your Business

The HDFC Bank Corporate Premium Credit Card is ideal for businesses with traveling employees. It offers savings on fuel, lounge access, insurance coverage, and useful business tools to manage expenses effectively. By learning about its features, eligibility, and application process, businesses can enhance corporate efficiency and comfort. This credit card acts as a reliable assistant for managing corporate travel budgets, helping to save time and money while providing peace of mind throughout the journey.