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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. Generation of expense reports for better financial tracking.
  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 offers several features and benefits:

  1. Receive up to 60 Management Information System (MIS) reports to enhance business decision-making.
  2. Access detailed expense reports reflecting credit card activity.
  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. Management Information System streamlines tasks, reducing paperwork and simplifying reconciliation.
  6. Corporate Platinum cardholders enjoy complimentary access to 8 airport lounges annually.
  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. Accidental death coverage for road or train travel is Rs.3 lakh.
  10. Earn 3 reward points for every Rs.150 spent on the Corporate Platinum Credit Card.
  11. Maximum redemption of 6,000 reward points per statement cycle.
  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.
  • For the latest updates, contact the Bank’s Officials.

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

Here are essential criteria for applying for an HDFC Bank Corporate Platinum Credit Card:

1. Age Requirement: Applicants must fall within the age range of 21 to 65 years.

2. Business Ownership:

  • Eligible individuals should possess ownership of a 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

To apply for the HDFC Bank Corporate Platinum Credit Card, you will typically need to provide the following documents:

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. Select ‘Apply Now’ and complete the online 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. How can I apply for the HDFC Corporate Platinum Credit Card?

To apply, visit the official HDFC Bank website, navigate to the ‘Borrow’ section, choose ‘Cards,’ then ‘Credit Cards.’ Under ‘Business Credit Cards,’ select the ‘HDFC Bank Corporate Platinum Credit Card,’ and click ‘Apply Now’ to fill out the online application form.

4. What are the eligibility criteria for this credit card?

Eligibility criteria typically include a minimum age, income requirements, and employment status. Specific details can be found on the HDFC Bank website or by contacting their customer service.

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.