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HDFC Bank Corporate Premium Credit Card

The HDFC Bank Corporate Premium Credit Card stands out as an excellent premium option tailored for corporate clients by HDFC Bank. Particularly advantageous for businesses with significant travel-related expenditures, this card provides notable perks such as reward points and complimentary access to airport lounges. Regarding its rewards program, the card grants 5 Reward Points for every Rs. 150 spent, allowing users to accumulate up to 10,000 points within a statement cycle. These points can be utilized to redeem Miles for both domestic and international flights, as well as for various hotel options, presenting a diverse catalog of choices.

Key Highlights of HDFC Bank Corporate Premium Credit Card

  1. Enjoy a 1% surcharge waiver when making fuel transactions.
  2. Receive accident insurance coverage of Rs.3 lakh for both rail and road travel.
  3. Benefit from a complimentary Priority Pass Membership, granting access to over 1,200 airport lounges globally.

Features and Benefits of HDFC Bank Corporate Premium Credit Card

The HDFC Bank Corporate Premium Credit Card offers several features and benefits:

  • Manage MIS Reports:
  1. Utilize the tool to monitor and manage all MIS reports remotely.
  2. Enhance decision-making with personalized expense reports and spending category insights.
  3. Access transaction details at the employee level for comprehensive information.
  4. Streamline reconciliation processes and tasks for efficiency.
  • Global Transaction Reporting:
  1. Generate consolidated reports for all worldwide transactions.
  2. Seamlessly integrate with existing accounting systems for enhanced compatibility.
  3. Automate bill storage, eliminating the need for paperwork.
  4. Ensure quick, error-free processing of transactions.
  • HDFC Bank Corporate Premium Credit Card Offers:

1. Credit Period Benefits: Enjoy a credit period of 50 days.

2. Exclusive Travel Offers: Avail negotiated prices for hotel and airline bookings.

3. Reward Points Program:

  • Earn 5 reward points for every ₹150 spent.
  • Redeem earned points using the Corporate Credit Card Reward Redemption form.
  • Up to 10,000 reward points available per statement cycle.

4. Fuel Surcharge Waiver:

  • Waive off 1% fuel surcharge at refilling stations.
  • Maximum monthly waiver is ₹1000.
  • Terms: Minimum transaction for discount is ₹400, and maximum is ₹10000.

5. Insurance Coverage:

  • ₹1 Crore coverage for air accidents.
  • ₹3 Lacs coverage for rail and road accidents.
  • Terms: Air accident cover applicable when ticket booked with HDFC Bank Corporate Premium Credit Card.

6. Airport Lounge Access:

  • Enjoy 6 complimentary visits to Priority Pass Program lounges outside India.
  • Access free wifi, food, and comfortable seating.

HDFC Bank Corporate Premium Credit Card Fees and Charges

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

1. Joining Fee and Annual Fees:

  • Currently, the HDFC Bank Corporate Premium Credit Card does not impose any joining or annual fees.
  • For the latest updates on fees, it is recommended to contact the Bank’s Officials directly.

2. Late Payment Fee:

  • In case the cardholder fails to clear the dues by the payment due date, an interest rate of 2.95% per month (35.4% annually) is applicable on the outstanding amount.

3. Forex Mark-up Fee:

  • For foreign currency transactions using the HDFC Bank Corporate Premium Credit Card, a fee of 2.5% of the transaction amount, along with applicable taxes, is levied.

4. Cash Advance Charges:

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

Eligibility Criteria for HDFC Bank Corporate Premium Credit Card

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

  1. Age Requirement: The applicant must fall within the age range of 21 to 65 years.
  2. Business Ownership: The applicant should currently operate a business that generates a consistent income.
  3. Credit Evaluation: Either the personal credit score or the business credit score of the applicant may be taken into account during the evaluation process.

Documents Required for HDFC Bank Corporate Premium Credit Card

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

1. Identity Proof:

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

2. Address Proof:

  • Aadhar Card
  • Utility bills (within the last 3 months)
  • Voter’s ID
  • Any other government-approved valid address proof

3. Additional Requirements:

  • Passport-sized photograph
  • Latest audited Income Tax Return (ITR)
  • Business registration certificate
  • Job card issued by NREGA

How To Apply for HDFC Bank Corporate Premium Credit Card?

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

  1. Go to the HDFC Bank’s official website.
  2. Navigate to the ‘Borrow’ section, then choose ‘Cards’ and click on ‘Credit Cards.’
  3. You’ll be taken to a new page.
  4. Within the Business Credit Cards category, locate the HDFC Corporate Premium Credit Card.
  5. Select ‘Apply Now’ for the chosen card.
  6. Complete the online application form.
  7. Continue with the application process.

Frequently Asked Questions (FAQs) –

  1. What is the HDFC Bank Corporate Premium Credit Card?
    The HDFC Bank Corporate Premium Credit Card is a specialized credit card designed for corporate clients, offering exclusive benefits and features tailored to business needs.
  2. How can I apply for the HDFC Corporate Premium Credit Card?
    To apply for the HDFC Bank Corporate Premium Credit Card, visit the official HDFC Bank website, navigate to the ‘Borrow’ section, select ‘Cards,’ then ‘Credit Cards.’ Find the Corporate Premium Credit Card under Business Credit Cards and click on ‘Apply Now.’
  3. What benefits does the HDFC Corporate Premium Credit Card offer?
    The card provides a range of benefits such as travel rewards, expense management tools, concierge services, and exclusive privileges for business-related transactions.
  4. Is there an annual fee associated with the HDFC Bank Corporate Premium Credit Card?
    Details regarding fees, including the annual fee and any applicable charges, can be obtained from the HDFC Bank website or by contacting their customer service.
  5. What are the eligibility criteria for the HDFC Bank Corporate Premium Credit Card?
    Eligibility criteria may vary, but typically, it is aimed at corporate clients and businesses. Specific income requirements and documentation may be necessary. Check with HDFC Bank for the most up-to-date information.
  6. How can I check the status of my HDFC Bank Corporate Premium Credit Card application?
    HDFC Bank provides an online tracking facility for credit card applications on their official website. Applicants can log in and check the status using their application reference number.
  7. What security features are available with the HDFC Bank Corporate Premium Credit Card?
    HDFC Bank incorporates advanced security features such as chip technology, PIN protection, and secure online transactions to ensure the safety of cardholder transactions.
  8. Can I avail of travel benefits with the HDFC Bank Corporate Premium Credit Card?
    Yes, the card often offers travel-related benefits, including air miles, airport lounge access, and travel insurance. Check the specific terms and conditions for details.
  9. How do I contact HDFC Bank customer support for queries related to the Corporate Premium Credit Card?
    You can reach HDFC credit card customer care support through their helpline or visit the nearest branch. Contact details are available on the official HDFC Bank website.
  10. Are there any reward programs associated with the HDFC Bank Corporate Premium Credit Card?
    Yes, the card typically comes with a reward program allowing users to earn points on transactions, which can be redeemed for a variety of rewards. Check the reward program details for specifics.