SBI Signature Corporate Card

The SBI Signature Corporate Card, provided by SBI Bank, stands out as a noteworthy business card in their offerings. Renowned for its global acceptance at over 38 million outlets, encompassing 3 million within India, this card boasts the highest international authorization approval rate. Its advantages extend beyond this, featuring multilayer spend control, spend analysis, smarter expense management, and participation in the Priority Pass Program, among other perks. Additionally, users enjoy emergency cash disbursement and card replacement services.

Key Highlights of SBI Signature Corporate Card

  1. Access exclusive priority servicing benefits when you use the SBI Signature Corporate Credit Card.
  2. Receive a complimentary Priority Pass Membership alongside your card.
  3. Enjoy travel insurance coverage of up to Rs.1 crore provided to employees.
  4. Access concierge services through the credit card for added convenience.
  5. Benefit from complimentary insurance coverage safeguarding against employee fraud.
  6. Utilize multilayer spends control and receive spend analysis features with the card.

Features and Benefits of SBI Signature Corporate Card

The SBI Signature Corporate Card offers several features and benefits:

1. Global Acceptance:

  • The SBI credit card is globally accepted at over 38 million outlets, including 3 million within the country.

2. Insurance Benefits:

  • Individual card fraud insurance equals the credit card limit, capped at Rs.2 lakh.
  • Corporate level fraud insurance varies up to Rs.60 lakhs.
  • Accidental death insurance on corporate credit card flight ticket purchase is Rs.1 crore.
  • Lost card misuse insurance is Rs.7 lakhs with prior notice within 48 hours and 7 days post-notification.
  • Baggage loss insurance cover up to Rs.75,000.
  • Baggage delay insurance cover up to Rs.7,500.
  • International passport loss insurance up to Rs.12,500.
  • Assured sum of up to Rs.15,000 for flight delays.

3. Spend Control Benefits:

  • Multilayer spend control with SBI Signature Corporate card in Category Control and Limit Control.
  • Category Control restricts non-permitted merchants (jewelry, casinos, etc.).
  • Limit Control sets usage limits with daily, weekly, or monthly options.

4. Emergency Card Replacement and Cash Disbursement Benefits:

  • Emergency cash access within 24 hours.
  • Worldwide card replacement without delivery charges within 72 hours.

5. Travel Benefits:

  • Complimentary Priority Pass Program membership with access to 600+ international airport lounges worldwide.
  • Visa Lounge Access Program offers complimentary access to 2 airport lounges per quarter with a minimal fee of $27 per visit.

SBI Signature Corporate Card Fees and Charges

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

  1. Joining Fee: The SBI Signature Corporate Card comes with no joining fees.
  2. Annual Fee: SBI Bank imposes an annual fee of Rs. 499 (plus applicable taxes) for the SBI Signature Corporate Credit Card.
  3. Interest Rate: If the cardholder fails to clear all dues by the payment due date, a monthly interest rate of 3.35% (40.2% per annum) is applicable on the outstanding amount.
  4. Forex Mark-up Fee: For foreign currency transactions with the SBI Signature Corporate Card, a 3.5% mark-up fee (plus applicable taxes) is applied to the transaction amount.
  5. Cash Advance Charges: Cash advance transactions on the SBI Signature Corporate Card incur a charge of 2.5% of the withdrawn amount or a flat fee of Rs. 450, whichever is higher.

Eligibility Criteria for SBI Signature Corporate Card

Here are essential criteria for applying for an SBI Signature Corporate Card:

  1. The add-on applicant must be 15 years old or above.
  2. The primary applicant should be a citizen of India.
  3. The age of the primary applicant must fall within the range of 18 to 70 years.

Documents Required for SBI Signature Corporate Card

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

1. Identity Proof Options:

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

2. Address Proof Options:

  • Utility bills from the most recent months
  • Aadhar Card
  • Passport
  • Any other government-approved address proof

3. Income Proof Requirements:

  • Latest audited Income Tax Return (ITR)
  • Business registration certificate
  • Passport-sized photograph

How To Apply for SBI Signature Corporate Card?

Follow these steps to apply for the SBI Signature Corporate Card:

  1. Go to the official website of SBI Card.
  2. Navigate to the ‘Corporate’ section using the designated tab.
  3. Locate and click on the ‘Credit Cards’ option within the ‘Corporate’ section.
  4. Choose the SBI Signature Corporate Credit Card from the available options.
  5. Click on the ‘Apply Now’ button.
  6. Follow the subsequent steps to complete the application process.

Frequently Asked Questions (FAQs) –

1. What is the SBI Signature Corporate Card?

The SBI Signature Corporate Card is a credit card tailored for corporate clients, offering specific features and benefits to cater to their business needs.

2. How can I apply for the SBI Signature Corporate Card?

Visit the SBI Card official website, go to the ‘Corporate’ section, click on ‘Credit Cards,’ choose the SBI Signature Corporate Purchase Credit Card, and follow the application process.

3. What are the key features of the SBI Signature Corporate Card?

This card offers features such as exclusive rewards, corporate benefits, and tailored services to meet the financial requirements of businesses.

4. What is the eligibility criteria for the SBI Signature Corporate Card?

Eligibility criteria may vary, but typically it is designed for corporate clients. Specific income and business-related requirements may apply.

5. What are the annual fees associated with the SBI Signature Corporate Card?

Check the latest fee structure on the SBI Card website or contact customer support for information on annual fees and any other charges.

6. What rewards and benefits does the SBI Signature Corporate Card offer?

The card may provide rewards like cashback, travel benefits, and other perks. Details can be found in the card’s terms and conditions.

7. How can I check my SBI Signature Corporate Card statement and transactions?

Log in to your SBI Card account on the official website or mobile app to access your statement and review transactions.

8. Is there a grace period for bill payments on the SBI Signature Corporate Card?

Check the terms and conditions for the grace period. Generally, a grace period is provided, allowing cardholders some time before interest accrues on outstanding balances.

9. Can I avail of add-on cards for my employees with the SBI Signature Corporate Card?

Depending on the card’s policies, you may have the option to apply for add-on cards for your employees. Refer to the terms for details.

10. How can I contact customer support for queries related to the SBI Signature Corporate Card?

Contact SBI Card’s customer support through the provided helpline or email on their official website for assistance with any card-related inquiries or issues.