RBL Bank RazorpayX Corporate Purchase Card
- Updated On: 14 May, 2025
The RBL Bank RazorpayX Corporate Purchase Card is a co-branded credit card created through a partnership between RBL Bank and Razorpay. Launched to serve specifically businesses, this card’s main aim is to simplify the way companies manage their expenses.
Businesses today are growing quickly, so companies need financial tools to simplify their operations. The RazorpayX Corporate Purchase Card was introduced to meet this need. Corporate cards provide great benefits for businesses. They let employees make work-related purchases without using their own money. This reduces the hassle of filing expense claims and waiting for reimbursements.
Using this approach helps organizations manage their cash flow better. It also provides insights into their spending habits, which leads to smarter financial decision-making. The RBL Bank RazorpayX card helps companies run their finances better. It is designed for corporate needs, allowing businesses to focus on growth and innovation.
RBL Bank RazorpayX Corporate Purchase Card
( 4.2 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
N/A
Welcome Benefits
N/A
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
N/A
Reward Redemption
N/A
Travel
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
Fees & Charges
Spend-Based Waiver
N/A
Rewards Redemption Fee
₹99 + GST
Foreign Currency Markup
2.5%
Interest Rates
N/A
Fuel Surcharge Waiver
1% waiver on transactions between ₹400 and ₹5,000.
Cash Advance Charges
Nil
Product Details
- This card comes with no joining or annual fee.
- The card offers up to 50 days of interest-free credit on purchases.
- Fraud protection coverage of up to ₹10 lakh for unauthorized transactions.
- It has a low foreign currency markup fee of 2.5% for international transactions.
Pros/Cons
Pros
- Businesses can choose billing cycles that suit their financial schedules, such as monthly or quarterly.
- The Forex Markup fee is relatively low if compared with other business credit cards.
Cons
- No benefit on dining, entertainment, travel, golf, etc.
Milestone Benefits
RBL Bank’s RazorpayX Corporate Purchase Card offers a rewards program where you can earn points based on your spending. If you use the card for purchases, you’ll get additional points as you reach certain spending thresholds. Spending on utility, insurance, fuel, government, and rental expenses will not earn rewards.
| Points Earned | Spending Criteria |
| 1,000 Points | Spend ₹75,000 or more |
| 3,000 Points | Spend ₹3 lakh or more |
| 6,000 Points | Spend ₹10 lakhs or more |
| 10,000 Points | International spends of ₹10 lakhs or more |
Interest-free Period
The RBL Bank RazorpayX Corporate Purchase Card offers up to 50 days of interest-free credit to businesses. This means that when you make a purchase using the card, you won’t have to pay any interest on that amount for up to 50 days. It’s like having a grace period to settle your payments without any extra costs.
Low Forex Markup Fee
The RBL Bank RazorpayX Corporate Purchase Card offers a low foreign currency markup fee of 2.5% on international transactions, which means that when you use the card for purchases in other countries or for online shopping in foreign currencies, the extra charges are lower compared to many other cards.
Robust Fraud Liability Coverage
The RBL Bank RazorpayX Corporate Purchase Card offers a strong protection feature called Robust Fraud Liability Coverage, which is worth ₹10 lakh. This means that if any unauthorized transactions occur on your card, you won’t have to bear the financial loss, as the bank will cover it up to that amount.
Multiple Billing Cycle
With the RBL Bank RazorpayX Corporate Purchase Card, businesses have the freedom to choose from multiple billing cycles, which means that they can select how often they want to be billed for a service. This could be monthly, quarterly, or even yearly, depending on what works best for you.
Fuel Surcharge Waiver
The fuel surcharge waiver for the RBL Bank RazorpayX Corporate Purchase Card is designed to help businesses save money on fuel expenses. It means that if a company makes transactions between ₹400 and ₹5,000, a 1% fuel surcharge waiver is provided on fuel transactions, which is capped at ₹500 for each billing cycle. This waiver applies as long as the total transaction value is higher than ₹10.
Fees and Charges
| Categories | Fees |
| Joining Fee | Nil |
| Forex Markup Fee | 2.5% |
| Reward Redemption Fee | ₹99 + GST |
| Card Replacement Fee | ₹200 |
| Cash Advance Fee | Nil |
RBL Bank RazorpayX Corporate Purchase Card Review
The RBL Bank RazorpayX Corporate Purchase Card helps businesses manage their expenses more easily. Business credit cards let employees make work-related purchases without using their personal money. This makes it easier to file expense claims and wait for reimbursements.
This card offers important benefits, such as up to 50 days of interest-free credit and a low foreign currency markup fee of 2.5% for international transactions. It features robust fraud protection coverage of ₹10 lakh, ensuring that companies are safeguarded against unauthorized transactions.
The RBL Bank RazorpayX Corporate Purchase Card is ideal for small to medium-sized businesses looking to boost their financial processes. Companies that frequently make overseas purchases or need a simple billing cycle will find this card particularly beneficial. With no joining or renewal fees, it’s a perfect choice for those wanting to manage expenses smartly.
FAQs:
Can I use this card for international purchases?
Yes, the RBL Bank RazorpayX Corporate Purchase Card can be used for international purchases, and it has a low foreign currency markup fee of 2.5%.
What types of purchases won’t earn reward points?
Purchases related to utilities, insurance, fuel, government transactions, and rental expenses do not earn reward points.
Can I choose my billing cycle?
Yes, businesses can choose from multiple billing cycles, whether they prefer monthly, quarterly, or yearly billing.
How long is the interest-free period?
The card offers up to 50 days of interest-free credit, meaning you can make purchases and not have to pay interest for up to 50 days.