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IndusInd Bank 
Standard Chartered
Federal BankIndusInd Bank Contactless Corporate Credit Card is a corporate card designed to fulfill the modern requirements of corporates. The card offers a new way of handling the financials and monitoring and controlling employee expenses along with making reconciliation hassle-free. Though the card is very basic as it does not offer reward points or any other major privilege. But it does offer other benefits in travel, insurance and fuel surcharge waiver. To know more about the card, refer to the detailed review below:
IndusInd Bank Contactless Corporate Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Travel |
Reward Type
Reward Points
Welcome Benefits
Movie & Dining
NA
Rewards Rate
NIL
Reward Redemption
NA
Travel
Complimentary lounge visits with the Visa Lounge program. Option for Priority pass program.
Golf
NA
Domestic Lounge Access
2 complimentary lounge visits per quarter with the Visa Lounge program
International Lounge Access
NA
Insurance Benefits
NA
Zero Liability Protection
In case of theft or loss of card, IndusInd Bank covers unauthorized transactions done on the card, post reporting the loss to the bank.
Spend Based Waiver
NA
Rewards Redemption Fee
Nil
Rewards Redemption Fee
Nil
Foreign Currency Markup
3.5% of the transaction amount.
Interest Rates
3% of Total Outstanding
Fuel Surcharge
1% waiver at all fuel stations on transactions between Rs. 400 to Rs. 4000.
Cash Advance Charges
NA
Add-on Card Fee
Nil
- Option of membership to the Priority Pass Program.
- Insurance covers for the employees.
- Lost Card Liability protection.
- 1% Fuel surcharge waiver.
- 24X7 Customer Service officials to help in case of an emergency.
IndusInd Bank Contactless Corporate Credit Card Features and Benefits
Following are the Features and a detailed review of the IndusInd Bank Contactless Corporate Credit Card:
Travel Benefits
2 complimentary domestic lounge visits per quarter with the Visa Lounge program and enjoy the gourmet meal, comfortable seating, free Wi-Fi, widescreen TVs, and bar services. Also, corporates can opt to provide their employees with a membership to the Priority Pass Program which offers the Card Holder access to over 700 Airport Lounges worldwide.
Insurance Benefits
With the IndusInd Bank Contactless Corporate Credit Card you get:
- Counterfeit Fraud Cover: In case your card or your card details are stolen and is used by producing copied plastic, IndusInd Bank offers you comprehensive Insurance coverage.
- Lost Card Liability: In case of theft or loss of card, IndusInd Bank covers fraudulent transactions on the card, post reporting the loss to the bank.
Fuel Surcharge Waiver
You get a fuel surcharge waiver of 1% for all fuel transactions between Rs. 400 & Rs. 5,000 made with the IndusInd Bank Contactless Corporate Credit Card at fuel stations across India.
Other Benefits
The IndusInd Bank Contactless Corporate Credit Card offers many other benefits for the corporates like,
- Consolidated Payment: Corporates can make one consolidated payment and have the responsibility of allocating it to all the employees’ cards. The total amount which is due for the company will be mentioned on the Corporate consolidated statement and the company will be liable to make one payment to the bank for the same.
- 4th Line Embossing: The company name can be embossed onto the card as per the requirement.
- 24×7 Customer Service
IndusInd Bank Contactless Corporate Credit Card Fees & Charges
- Annual Fee: There is no joining fees, but Rs. 999 (plus applicable taxes) for the IndusInd Bank Contactless Corporate Credit Card.
- Late Payment Charges: 3% of Total Outstanding is applicable on the due amount.
- Cash Advance Fee: The bank charges no fee towards the cash withdrawals.
- Forex Mark-up Fee: A foreign currency mark-up fee of 3.5% of the transaction amount is applicable on all foreign currency transactions made with IndusInd Bank Contactless Corporate Credit Card.
How To Apply For The IndusInd Bank Contactless Corporate Credit Card?
You can apply for the IndusInd Bank Contactless Corporate Credit Card online as well as offline as per your comfort. To apply offline, you will have to visit your nearest YES Bank branch with all the required documents and fill in the physical application form. To apply online, you can contact the bank by using:
- Phone Banking: Call 24X7 Customer Service officials on toll-free number 1860 267 7777
- E-Mail: [email protected]
Conclusion
IndusInd Bank Contactless Corporate Credit Card is a good card for corporates as it offers benefits in travel, and also insurance cover for the employees. Also, for the corporates, the card provides many services like consolidated payment, name embossing, and many others. However, the card charges an annual fee of Rs. 999 every year, which does not justify as the card does not offer any reward points or cashback. However, if you are looking for a card with these features only then it might be a great fit for your business. However we recommend having a look at these corporate cards as well, HDFC Bank Corporate Premium Credit Card and YES PROSPERITY Business Credit Card.
