American Express Corporate Card

The American Express Corporate Card is a tailored offering for businesses, facilitating efficient management and monitoring of corporate expenses. This card, provided by American Express, plays a crucial role in ensuring smooth business operations. It comes with a range of benefits, enabling businesses to navigate their operations seamlessly.

With a focus on enhancing the corporate experience, the card extends advantages in travel, hotels, restaurants, office supplies, and phone bills. Particularly noteworthy is its suitability for contactless payments up to Rs. 5,000. The card further streamlines financial oversight through features like easy account management, monthly statements, and comprehensive tracking of both billed and unbilled transactions.

Key Highlights of American Express Corporate Card

  1. Earn 1 Membership Rewards Point for every Rs. 100 spent on Fuel, Telecom, Utilities, and Insurance.
  2. Receive 1 Membership Rewards Point for every Rs. 50 spent on all other transactions.
  3. Access discounted rates at domestic airport lounges.
  4. Enjoy 2 complimentary lounge access instances within a 12-month period through the Priority Pass Programme.
  5. Benefit from expert assistance for added convenience.
  6. Utilize online expense management solutions with @Work.
  7. Improve cost management for your company with flexible billing and payment systems.
  8. Receive coverage with Business Travel Accident Insurance and Travel Inconvenience Insurance.
  9. Experience Zero Lost Card Liability in the event of a lost American Express Corporate Credit Card.

Features and Benefits of American Express Corporate Card

The American Express Corporate Card offers several features and benefits:

1. Travel Benefits:

  • American Express Gold Corporate Cardmembers receive a complimentary membership to the Priority Pass Programme.
  • Enjoy 2 complimentary lounge accesses within a 12-month period of membership.
  • Additional visits can be accessed by paying US$32 per person per visit.
  • Exclusive discounted access is available for Gold Corporate Cardmembers at domestic airport lounges.

2. American Express @Work:

  • American Express @Work is a comprehensive business-to-business suite of online expense management solutions.
  • Facilitates more effective supplier strategies and streamlined business processes.
  • Customizable report templates enable the analysis of spend trends, monitoring compliance, and identifying savings opportunities.

3. Zero Liability Protection:

  • In case of a fraudulent transaction, Cardmembers are not liable if the loss of the card is reported within 3 working days.
  • Otherwise, the maximum liability for the Cardmember is limited to Rs. 1,000.

American Express Corporate Card Fees and Charges

Explore the fee structure for the American Express Corporate Card and discover the financial advantages that come with it.

  1. Joining Fee: None
  2. Renewal Fee: Rs. 2,100 (plus applicable taxes)
  3. Foreign Currency Markup: 3.5% of the transaction amount
  4. Interest Rates: 3.5% of the outstanding, with a minimum of Rs. 100 (Delinquency Fee)
  5. Fuel Surcharge: 1% (2.5% for private fuel) of the transaction amount per transaction, with a minimum of Rs. 10 (1% for HPCL if the transaction is above Rs. 5,000)
  6. Cash Advance Charges: 3.5% of the withdrawal amount

Eligibility Criteria for American Express Corporate Card

Here are essential criteria for applying for an American Express Corporate Card:

  1. Approval for the Amex Corporate Card is subject to undisclosed eligibility criteria set by the card issuer.
  2. Criteria for approval may vary based on factors such as the applicant’s savings, business income, and credit score.
  3. Essential prerequisites for the Amex Corporate Card include:
  • Minimum age requirement of 21 years.
  • Owning a business with a substantial income.

Documents Required for American Express Corporate Card

To apply for the American Express Corporate Card, you will typically need to provide the following documents:

  1. PAN Card or FORM 60 is required for documentation.
  2. Passport and Driving License are acceptable identification documents.
  3. Voter’s Identity Card is also a valid form of identification.
  4. A Job card issued by NREGA, signed by a state government officer, is acceptable.
  5. A letter from the National Population Register with name and address details is a valid option.
  6. Choose any one of the mentioned documents for verification purposes.

How To Apply for American Express Corporate Card?

Follow these steps to apply for the American Express Corporate Card:

  1. Visit the American Express website: Access the official American Express website and navigate to the Corporate Card section.
  2. Choose the Corporate Card: Select the specific Corporate Card that best suits your business needs. American Express offers various types of Corporate Cards with different features.
  3. Fill out the online application form: Complete the online application form by providing the required information, including business details, company information, and the personal details of the applicant.
  4. Submit necessary documents: Attach any required supporting documents, such as business registration documents, financial statements, and personal identification documents. Ensure that all documents are accurate and up-to-date.
  5. Review and submit: Carefully review the application form and attached documents for accuracy. Once satisfied, submit the application online. American Express will then process your application, and if approved, you will receive further instructions on card activation and usage.

Frequently Asked Questions (FAQs) –

1. What is an American Express Corporate Card?

The American Express Corporate Card is a business credit card designed to meet the financial needs of companies, providing a convenient and secure payment solution for business expenses.

2. How can I apply for an Amex Corporate Card?

To apply for an Amex Corporate Card, visit the official website, choose the desired card, fill out the online application form, and submit the necessary documents. The application will then be processed by American Express.

3. What types of Corporate Cards does American Express offer?

American Express offers a range of Corporate Cards tailored to different business needs, including expense management, rewards programs, and travel benefits. Options may vary, so it’s recommended to explore the available options on the official website.

4. What are the eligibility criteria for obtaining a American Express Corporate Card?

Eligibility criteria may vary, but generally, businesses need to have a certain level of annual revenue and financial stability. Individual cardholders may also need to meet specific creditworthiness requirements. Check with American Express for detailed eligibility criteria.

5. What benefits come with an American Express Corporate Card?

Corporate Card benefits may include expense tracking tools, rewards programs, travel perks, and additional business management features. The specific benefits depend on the type of Corporate Card chosen, so it’s advisable to review the details associated with each card.

6. How does the expense management system work with the Corporate Card?

American Express Corporate Cards often come with advanced expense management tools, allowing businesses to track and manage expenses efficiently. These tools may include reporting features, real-time spending insights, and integration with accounting software.

7. How can I report a lost or stolen Amex Corporate Card?

In case of a lost or stolen card, contact American Express immediately through their customer service hotline. They will guide you through the necessary steps to secure your account and issue a replacement card if needed.

8. Are there any annual fees associated with the American Express Corporate Card?

Annual fees vary depending on the type of Corporate Card and the features it offers. It’s recommended to review the fee structure associated with the chosen card during the application process.

9. How can I access my Corporate Card account online?

Cardholders can access their American Express Corporate Card account online through the official website or the Amex mobile app. This allows for easy monitoring of transactions, payment history, and account management.

10. What travel-related benefits are offered with the American Express Corporate Card?

Depending on the specific Corporate Card, travel benefits may include airport lounge access, travel insurance, and other perks. Check the details of the chosen card to understand the travel-related benefits it offers.