BankingKaro

Compare Credit Cards, Loans, Insurance - Apply Online

HDFC Bank Corporate Platinum Credit Card

The HDFC Corporate Platinum Credit Card stands out as a favored choice among business credit cards provided by HDFC Bank. Beyond simplifying the management of business expenses, it presents appealing advantages spanning various categories. Boasting a respectable reward rate, the card extends travel perks such as complimentary lounge access and insurance benefits. Business proprietors can exercise control over their employees’ expenditures by setting credit card limits and monitoring their spending. Additionally, the card delivers tailored reports on expenses, spending categories, and behavior, empowering informed business decisions. Detailed transaction information at the employee level further enhances the card’s utility.

Key Highlights of HDFC Bank Corporate Platinum Credit Card

  1. Continuous Availability of Management Information System (MIS) around the clock.
  2. Spending analysis provided based on different categories.
  3. Creating expense reports to enhance financial monitoring and management.
  4. Earn 3 reward points for every Rs.150 spent.
  5. Enjoy accelerated reward points at a rate of 10 times for expenses made with merchant partners.
  6. Waiver of fuel surcharge on transactions related to fuel.
  7. Exclusive access to airport lounges for added convenience and comfort.

Features and Benefits of HDFC Bank Corporate Platinum Credit Card

The HDFC Bank Corporate Platinum Credit Card presents a multitude of advantages and perks, ensuring a comprehensive suite of benefits for cardholders.

  1. Receive up to 60 Management Information System (MIS) reports to enhance business decision-making.
  2. Gain entry to comprehensive expenditure analyses that depict credit card transactions in depth.
  3. Benefit from cost allocation and analysis provided by the bank.
  4. Corporate companies enjoy savings through negotiations with airlines, restaurants, and hotel chains.
  5. A Management Information System enhances efficiency by streamlining tasks, minimizing the need for excessive paperwork, and making reconciliation processes simpler.
  6. Corporate Platinum cardholders are granted free entry to 8 airport lounges each year as part of their benefits.
  7. Receive a 1% waiver on fuel surcharge for purchases between Rs.400 and Rs.5,000 at all petrol pumps nationwide.
  8. Avail air accident insurance cover of Rs.1 crore with the credit card.
  9. Coverage for accidental death during road or train travel amounts to Rs.3 lakh.
  10. Earn 3 reward points for every Rs.150 spent on the Corporate Platinum Credit Card.
  11. You can redeem up to 6,000 reward points per statement cycle, but you can’t redeem more than that.
  12. Redeem reward points for AirMiles and other benefits.

HDFC Bank Corporate Platinum Credit Card Fees and Charges

Explore the fee structure for the HDFC Bank Corporate Platinum Credit Card and discover the financial advantages that come with it.

1. Joining Fee and Annual Fees:

  • No fees are currently charged for the HDFC Bank Corporate Platinum Credit Card.
  • To get the most recent information, reach out directly to the Bank’s authorized personnel.

2. Late Payment Fee:

  • If the cardholder fails to clear all dues by the payment due date, an interest rate of 3.49% per month (41.88% per annum) is applicable on the due amount.

3. Forex Mark-up Fee:

  • A foreign currency fee of 3.5% (plus applicable taxes) of the transaction amount applies to all foreign currency transactions made with HDFC Bank Corporate Platinum Credit Card.

4. Cash Advance Charges:

  • On cash advance transactions with HDFC Bank Corporate Platinum Credit Card, a charge of 2.5% of the amount withdrawn or flat Rs. 500 (whichever is higher) is applicable.

Eligibility Criteria for HDFC Bank Corporate Platinum Credit Card

Below are the key requirements necessary to apply for an HDFC Bank Corporate Platinum Credit Card:

1. Age Requirement: Individuals applying must be between the ages of 21 and 65.

2. Business Ownership:

  • Individuals who meet the criteria must have legal ownership of a duly registered business.
  • The business should demonstrate a stable and consistent income.

3. Credit Score Consideration:

  • The credit score of either the applicant or the business could play a significant role in the evaluation process.
  • This factor will be taken into account when assessing eligibility.

Documents Required for HDFC Bank Corporate Platinum Credit Card

When seeking the HDFC Bank Corporate Platinum Credit Card, you’ll usually be asked to furnish specific documents as part of your application process.

1. Identity Proof Options:

  • Aadhar Card
  • PAN Card
  • Voter’s ID
  • Driving License
  • Passport

2. Address Proof Options:

  • Latest month’s utility bills
  • Aadhar Card
  • Passport

3. Additional Documents Possibly Required:

  • Passport-sized photograph
  • Audited Income Tax Return (ITR)

How To Apply for HDFC Bank Corporate Platinum Credit Card?

Follow these steps to apply for the HDFC Bank Corporate Platinum Credit Card:

  1. Navigate to the official HDFC Bank website.
  2. In the ‘Borrow’ section, click on ‘Cards’ and subsequently choose ‘Credit Cards.’
  3. Explore the ‘Business Credit Cards’ category.
  4. Opt for the ‘HDFC Bank Corporate Platinum Credit Card.’
  5. Click on the ‘Apply Now’ button and fill out the digital application form.

Frequently Asked Questions (FAQs) –

1. What is the HDFC Bank Corporate Platinum Credit Card?

The HDFC Bank Corporate Platinum Credit Card is a business-oriented credit card offered by HDFC Bank, tailored to meet the financial needs of corporate clients.

2. What features make the HDFC Corporate Platinum Credit Card distinct?

This card offers unique benefits such as corporate expense management, reward points, travel privileges, and other exclusive perks designed for business use.

3. What steps do I need to follow to request the HDFC Corporate Platinum Credit Card?

To begin, head over to the HDFC Bank’s official website. Once there, go to the ‘Borrow’ section and opt for ‘Cards,’ followed by ‘Credit Cards.’ Within the ‘Business Credit Cards’ category, locate the ‘HDFC Bank Corporate Platinum Credit Card.’ Click on ‘Apply Now’ to access the online application form and complete it.

4. What qualifications do I need to meet to be eligible for this credit card?

Eligibility requirements usually encompass a minimum age, specified income thresholds, and current employment status. For detailed information, individuals can refer to the HDFC Bank website or reach out to their customer service team.

5. What are the key benefits of the HDFC Corporate Platinum Credit Card?

Benefits may include travel insurance, reward points, concierge services, lounge access, and exclusive discounts. Refer to the card’s terms and conditions for a detailed list of benefits.

6. Is there an annual fee associated with the HDFC Bank Corporate Platinum Credit Card?

Yes, there may be an annual fee for the card. Check the HDFC Bank website or contact customer service for the latest fee information.

7. How can I check my reward points balance and redemption options?

You can check your reward points balance through HDFC Bank’s online banking portal or by contacting customer service. Redemption options often include merchandise, travel bookings, and more.

8. What security features are provided with the HDFC Corporate Platinum Credit Card?

HDFC Bank employs advanced security measures, including EMV chip technology, one-time passwords (OTPs), and secure online transactions to ensure the safety of cardholder information.

9. Can I track my business expenses using the HDFC Bank Corporate Platinum Credit Card?

Yes, the card may offer expense management features, allowing you to track and manage business expenses efficiently. Check with the bank for specific details.

10. How can I reach HDFC Bank customer support for assistance with my Corporate Platinum Credit Card?

You can contact HDFC credit card customer care support through their helpline or visit a nearby branch. Contact information is available on the bank’s official website.