By Uday Devgan
Updated On August 2, 2022

HDFC Corporate Platinum Credit Card is one of the popular business credit cards offered by HDFC bank. It doesn’t only make your business expenses more convenient to handle, but also offers exciting benefits across different categories. It offers a decent reward rate, and travel benefits including complimentary lounge access, insurance benefits, etc. The card allows business owners to track the expenses of their employees and set the limits on their credit cards. It provides customized reports on expenses, spending categories, and behavior for better-informed business decisions and provides detailed transaction information at employee level.

Other than all this, the card has several other features and benefits like fuel surcharge waiver, spend-based waiver, etc, that you will get to know in this article. Keep reading for the detailed review of the HDFC Bank Corporate Platinum Credit Card:

(4.5/5)

Best Suited For

Travel |

Joining Fee

NIL

Reward Type

Reward Points |

Product Details

  • Get 3 Reward Points for every Rs. 150 spent with the card.
  • Enjoy 8 domestic airport lounge access per year.
  • Get Corporate Liability Waiver Insurance.
  • Insurance Protection up to Rs 1 Crore
  • Up to 50 Days Credit Period
  • Get 1% Fuel surcharge waiver

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

3 Reward Points on every Rs 150 spent

Reward Redemption

Reward Points can be redeemed for miles against leading International and Domestic airlines, hotels and catalogue options. These Reward points are valid up to 2 years

Travel

Airport lounge access and many Insurance benefits

Golf

NA

Domestic Lounge Access

8 domestic airport lounge access annually

International Lounge Access

NA

Insurance Benefits

Comprehensive insurance covers for the primary cardholders

Zero Liability Protection

Zero Liability Protection cover is provided by the HDFC bank against fraudulent transactions on the credit card if the loss is reported immediately within a stipulated time to the 24-hour HDFC Customer helpline.

Fees & Charges

Joining Fee

NIL

Renewal Fee

Nil

Spend based Waiver

NA

Rewards Redemption Fee

Rs. 99 per redemption request (plus applicable taxes)

Rewards Redemption Fee

Rs. 99 per redemption request (plus applicable taxes)

Foreign Currency Markup

3.5% on the conversion amount (plus applicable taxes)

Interest Rates

3.49% per month (41.88% per annum)

Fuel Surcharge

1% fuel surcharge waiver on all your fuel transactions using this credit card at all petrol pumps across India.

Cash Advance Charge

2.5% of the withdrawal amount subject to a minimum charge of Rs 500

Add-on Card Fee

NA

HDFC Bank Corporate Platinum Credit Card Features and Benefits

The HDFC Bank Corporate Platinum Credit Card, very similar to the HDFC Corporate Premium Credit Card, is a popular business credit card offered by HDFC Bank. It comes with a decent reward rate and lots of other benefits across different categories which are as follows:

Travel benefits

Under the HDFC Bank Corporate Platinum Credit Card Lounge Access Program, you will get 8 complimentary domestic lounge access per calendar year.

Fuel Surcharge Waiver

The cardholders get a 1% waiver on the surcharge applicable on fuel transactions made with HDFC Bank Corporate Platinum Credit Card. The waiver is applicable only on fuel transactions between Rs. 400 and Rs. 5,000 and the maximum refund amount is capped at Rs. 500 per statement cycle.

Advanced Reconciliation Process

With HDFC Bank Corporate Platinum Credit Card get consolidated reports for transactions across the globe with easy integration with existing accounting systems in your business.

Insurance covers

Insurance For Amount
Air Accidental death Rs. 1 Crore
Emergency Medical Expenses Up to Rs. 1 lakh
Flight Delay Up to Rs. 15,000
Loss of Checked Baggage Up to Rs. 15,000
Missed Connecting International Flight Up to Rs. 15,000

Read more about the insurance benefits on the HDFC Bank’s website. All the benefits mentioned above are subject to terms and conditions levied by the HDFC Bank, read all terms and conditions carefully.

Reward Points

HDFC Bank Corporate Platinum Credit Card offers 3 Reward Points for every Rs. 150 spent (A maximum of 6,000 reward points per statement cycle).

Reward Redemption

HDFC Bank Corporate Platinum Credit Card allows redeeming Reward Points for miles against leading International and Domestic airlines, hotels, and catalog options. The Reward points are valid for two years.

HDFC Bank Corporate Platinum Credit Card Fees & Charges

  • Joining Fee and Annual Fees: Currently, there is no Fees charged for the HDFC Bank Corporate Premium Credit Card. However, contact the Bank’s Officials for latest updates.
  • Late Payment Fee: An interest rate of 3.49% per month (41.88% per annum) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
  • Forex Mark-up Fee: A foreign currency fee of 3.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with HDFC Bank Corporate Platinum Credit Card.
  • Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat Rs. 500 (whichever is higher) is applicable on the cash advance transactions made on HDFC Bank Corporate Platinum Credit Card.

HDFC Corporate Platinum Credit Card Eligibility Criteria

The eligibility requirements that need to be fulfilled to get the HDFC Bank Corporate Platinum Credit Card are as mentioned below:

  • The applicant’s age should lie between 21 years and 65 years.
  • The applicant should be owe a registered business with a stable income.
  • The credit score of the applicant or the business might also be an important factor to be considered here.

Documents Required

The documents required to apply for the HDFC Bank Corporate Platinum Credit Card are listed below:

  • Identity Proof: Aadhar Card, PAN Card, Voter’s Id, Driving License, or Passport.
  • Address Proof: Latest months’ utility bills, Aadhar Card, Passport, etc.
  • Other than all these, you might also need to submit a few additional documents like a passport-sized photograph, audited ITR, etc.

How To Apply For The HDFC Bank Corporate Platinum Credit Card?

You can apply for the HDFC Corporate Platinum Credit Card online as well as offline at your convenience. To apply offline, you will have to visit your nearest HDFC Bank branch with all the required documents and apply for the card by filling in the physical application form. To apply online, you can follow a few steps as mentioned below:

  • Visit HDFC Bank’s official website.
  • Under the section ‘Borrow,’ select ‘Cards’ and then ‘Credit Cards.’
  • Under the category ‘Business Credit Cards,’ choose the ‘HDFC Bank Corporate Platinum Credit Card.’
  • Click on Apply Now and fill in the online application form.

Conclusion

HDFC Bank Corporate Platinum Credit Card is a good card for corporates that incur travel expenses. The card offers 3 Reward Points for every Rs. 150 spent (A maximum of 6,000 reward points per statement cycle). These Reward Points can be redeemed Reward Points for miles against leading International and Domestic airlines, hotels, and catalog options. It offers 8 complimentary domestic lounge access every year which is a great deal, however, there is no International lounge access with the HDFC Bank Corporate Platinum Credit Card. Apart from that, the card provides insurance covers, helps to track and manage expenses with the Advanced Reconciliation Process, and much more.

This was the HDFC Corporate Platinum Credit Card review from our side. Let us know in the comments below, what you think about this offering by HDFC Bank.

FAQs:

Yes, you can do International transactions on the HDFC Bank Corporate Platinum Credit Card, the Foreign Currency Markup is 3.5% on the conversion amount (plus applicable taxes).

HDFC Bank Corporate Platinum Credit Card charges 3.49% per month (41.88% per annum) interest rates per month.

HDFC Bank Corporate Platinum Credit Card provides 1% fuel surcharge waiver on applicable transactions between Rs. 400 and Rs. 5,000 and the maximum refund amount is capped at Rs. 500 per statement cycle.

Yes, this card comes with Zero Protection liability against any  fraudulent transactions made on your credit card if reported within a stipulated time to HDFC 24×7 customer care.

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