HDFC Bank Corporate Premium Credit Card

HDFC Bank Corporate Premium Credit Card is one of the best premium cards offered by HDFC Bank for the Corporates. The card is very beneficial for corporates who incur a lot of traveling expenses as it offers great benefits like reward points and complimentary airport lounge access. Talking about the rewards, the card offers 5 Reward Points for every ₹150 spent. One can avail of up to 10,000 points in a statement cycle.

You can redeem these reward points as Miles for domestic and international airlines and hotels, with many catalog options. The HDFC Bank Corporate Premium Credit Card comes with no joining or renewal fees, which is a major advantage, as it provides excellent travel benefits. The card offers an advanced reconciliation process, better visibility through enhanced reporting tools, and greater savings, as it offers a 50-day interest-free period. Additionally, you can enjoy a 1% fuel surcharge waiver on fuel transactions.

For an in-depth review of the HDFC Bank Corporate Premium Credit Card, see the information provided below:

Product Details

• Get 5 Reward Points for every ₹150 spent
• Enjoy 20 domestic airport lounge access annually & 6 International with Priority Pass program.
• Get Corporate Liability Waiver Insurance and Insurance Protection up to Rs 1 Crore.
• Enjoy Greater Savings, Advanced Reconciliation Process and Better Visibility through Enhanced Reporting Tools.
• Enjoy 50 days of interest free period.
• Get 1% Fuel surcharge waiver on fuel transactions.

HDFC Bank Corporate Premium Credit Card Features and Benefits

Along with the Paytm HDFC Bank Business Credit Card and many other offerings, HDFC Bank also issues the HDFC Corporate Premium Credit Card. This card comes with a wide range of privileges across different categories. Following are the detailed features and benefits of this credit card:

SmartBuy BizDeals Benefits

• You can save up to 40% on your business and travel expenses made on SmartBuy BizDeals.
• Avail of the instant discount on business software such as Google Workspace, Tally Prime, AWS, Microsoft Azure & more on Nuclei.
• Business travel benefits include discounted fares, free meals, seat selection, and low cancellation fees via MMT MyBiz.

Fuel Surcharge Waiver

The cardholders get a 1% waiver on the surcharge applicable on fuel transactions made with HDFC Bank Corporate Premium Credit Card. The waiver is applicable only on fuel transactions between ₹400 and ₹10,000 and the maximum refund amount is capped at ₹1,000 per statement cycle.

Corporate Liability Waiver

The HDFC Bank Corporate Premium Credit Card provides Corporate Liability Waiver Insurance to protect against employee fraud risks. It features card-level coverage of ₹2,00,000 and corporate-level coverage of ₹25,00,000.

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.

HDFC Corporate Premium Credit Card Reward Points

The HDFC Corporate Premium Credit Card has a uniform and straightforward reward system. It provides 5 Reward Points for every ₹150 spent, allowing users to earn a maximum of 10,000 reward points during each statement cycle.

Reward Redemption

HDFC Bank Corporate Premium 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.

Also, you can use SmartBuy Corporate, an exclusive portal for Corporate Credit cardholders, to redeem your Reward Points against Airline ticket booking, Hotel booking, and for the Reward redemption catalogue, where 1 Reward Point is equal to ₹0.30 when redeemed.

HDFC Bank Corporate Premium Credit Card Fees & Charges

Some of the important fees and charges associated with the HDFC Corporate premium Credit Card are as follows:

• Joining Fee and Annual Fees: Currently, there are no fees charged for the HDFC Bank Corporate Premium Credit Card. However, you can contact the Bank’s Officials for the latest updates.
• Late Payment Fee: An interest rate of 2.95% per month (35.4% annually) 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 2.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with HDFC Bank Corporate Premium Credit Card.
• Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat ₹500 (whichever is higher) is applicable on the cash advance transactions made on HDFC Bank Corporate Premium Credit Card.

HDFC Corporate Premium Credit Card Eligibility Criteria

The eligibility requirements that need to be fulfilled in order to get approved for the HDFC Bank Corporate Premium Credit Card are as mentioned below:

• The age of the applicant should be between 21 years and 65 years.
• The applicant should be running a business with a stable income.
• The applicant’s personal credit score or business credit score might also be considered.

Documents Required

You will also need some documents while applying for the HDFC Bank Corporate Premium Credit Card. These documents are listed below:

• Identity Proof: Aadhar Card, Voter’s Id, PAN Card, Driving License, etc.
• Address Proof: Aadhar Card, Utility bills (not older than 3 months), Voter’s Id, any other valid address proof approved by government, etc.
• Other than these documents, you might also need a passport-sized photograph, the latest audited ITR, a business registration certificate, a job card issued by NREGA, etc.

Conclusion

HDFC Bank Corporate Premium Credit Card is a pure premium travel card for all your corporate needs. It is very beneficial for all travel-related work and for every travel expense that you incur as it offers reward points based on your spends. Therefore, the more you spend, more you get back as reward points. These reward points can be redeemed for miles which you can use for next domestic or international flights and much more. Also, the complimentary lounge access with the card are also highly appreciable. This was the HDFC Corporate Premium Credit Card review from our side. Make sure to share your views on this card in the comment section below!