HDFC Bank Corporate Platinum Credit Card

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

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• Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat Rs. 500 (whichever is higher) is applicable on the cash advance transactions made on HDFC Bank Corporate Platinum Credit Card.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.