By Uday Devgan
Updated On August 26, 2022

SBI Signature Corporate Card is a business card offered by the SBI Bank. The SBI Signature Corporate Card is one of the most beneficial cards offered by SBI. The card is accepted globally at over 38 million outlets which includes 3 million outlets all over India and is recognized for its highest international authorization approval rate. It provides many benefits like multilayer spend control, Spend analysis, Smarter expense management, Priority Pass Program and much more. Other Benefits like Emergency cash disbursement and  Emergency card replacement.

The card offers wide range of services for Corporates to keep a track on their expenses. It also offers Insurance coverage benefits for Fraud related insurance and Travel related insurance. With just Rs. 499 Annual Renewal Charge and no Joining Fees, the card offer many great benefits and services. Following is the detailed review for the card:

(4.5/5)

Best Suited For

Travel |

Joining Fee

NIL

Reward Type

Product Details

  • Enjoy Global acceptance with the SBI Signature Corporate Card, as it is accepted at over 38 million outlets across the globe including 3 million outlets in India.
  • Enjoy concierge service for SBI Signature Corporate cardholders with personalized customer service.
  • Interest Free Credit period for 20-50 days
  • Get Insurance covers for Fraud related insurance and Travel related insurance.
  • Enjoy Complimentary Priority Pass Program membership with SBI Signature Corporate Card.
  • Enjoy Complimentary access to Airport Lounge(maximum of 2 visits per quarter).

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

NA

Reward Redemption

NA

Travel

Enjoy the Airport Lounge Access privileges as it provides Complimentary access for Corporate Cardholders (maximum of 2 visits per quarter). Annually, it provides 8 complimentary access to Airport Lounge.

Golf

NA

Domestic Lounge Access

Enjoy the Airport Lounge Access privileges (maximum of 2 visits per quarter).

International Lounge Access

Enjoy the Airport Lounge Access privileges (maximum of 2 visits per quarter).

Insurance Benefits

Insurance covers for Fraud related insurance and Travel related insurance.

Zero Liability Protection

For misuse of the lost card- 48 hours prior notification and 7 days post notification, sum assured is up to Rs. 3 lakhs.

Fees & Charges

Joining Fee

NIL

Renewal Fee

Rs. 499 (plus applicable taxes)

Spend based Waiver

NA

Rewards Redemption Fee

Rs. 99 (plus applicable taxes)

Rewards Redemption Fee

Rs. 99 (plus applicable taxes)

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

Up to 3.35% per month (40.2%  per annum)

Fuel Surcharge

1% fuel surcharge waived off on transactions between Rs. 500 and Rs. 4,000 (max waiver capped at Rs. 250 per month)

Cash Advance Charge

2.5% of the withdrawal amount subject to a minimum charge of Rs. 450 per transaction

Add-on Card Fee

Nil

SBI Signature Corporate Card Features & Benefits

The SBI Signature Corporate Card, very similar to the HDFC Business MoneyBack Credit Card, is one of the basic, yet great managing expenses credit cards offered by SBI Bank. Know more about the card and what it offers:

Insurance Services

Fraud related insurance Details
Individual cards Equal to the credit limit of the card, subject to a maximum amount of Rs. 2 lakhs
Corporate Level Per corporate entity the cover is limited to a maximum of Rs. 60 lakhs

Travel related insurance Details
Air accidental death  If the Ticket is purchased on the corporate card, sum assured is Rs. 1 crore.
Lost card liability  For misuse of the card 48-hour prior notification and 7 days post notification, sum assured is up to Rs. 3,00,000.
Travel Insurance · For baggage loss. Sum assured is up to Rs. 75,000.

· For baggage delay. Sum assured is up to Rs. 7,500

· For loss of passport (Only international), sum assured is up to Rs. 12,500.

· For flight delay, sum assured is up to Rs. 15,000.


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

Multilayer spend control

  • Category control – Restrict non-permitted merchant categories like, jewelry, casinos, etc., for preventing such expenses.
  • Limit control – The card usage can be kept within permitted limits by putting daily, weekly and monthly limits on the card.

Emergency Services:

Emergency cash disbursement: Access cash in times of emergency, within 24 hours

Emergency card replacement: SBI Signature Corporate card can be replaced from anywhere in the world without any charges within 72 hours of request being placed or even sooner.

Spend analysis

The SBI Signature Corporate Card is linked with Visa Intellilink spend management tool which helps to analyse the organization’s spending pattern and control expenses better than usual. Get email alerts to signal key events like approvals, availability of reports or statements and program thresholds.

Travel Benefits

Complimentary access to Airport Lounge for Corporate Cardholders (maximum of 2 visits per quarter) within India. Also, SBI Signature Corporate Card offers Complimentary Priority Pass Program membership where you can enjoy access to more than 600 international airport lounges worldwide with the membership. A usage fee of only $27 plus applicable taxes will be charged to your card.

SBI Signature Corporate Card Fees & Charges

  • Joining Fee: SBI does not charge any joining fees for the SBI Signature Corporate Card.
  • Annual Fee: SBI Bank charges an annual fee of Rs. 499 (plus applicable taxes) for SBI Signature Corporate Card.
  • Interest Rate: An interest rate of 3.35% per month (40.2%  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 mark-up fee of 3.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with SBI Signature Corporate Card.
  • Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat Rs. 450 (whichever is higher) is applicable to the cash advance transactions made on SBI Signature Corporate Card.

SBI Signature Corporate Credit Card Eligibility Criteria

The SBI Corporate Credit Card is one of the popular business credit cards in the Indian market. There are some specific eligibility requirements that need to be fulfilled by the applicants in order to get approved for this credit card. Some of the basic requirements are as follows:

  • The applicant’s age should be between 21 years to 70 years.
  • The applicant should own a business with a stable income.
  • The credit score of the applicant and the business credit score might also play an important role here.

Documents Required

The documents required to apply for the SBI Signature Corporate Credit Card are listed below:

  • Identity Proof: Aadhar Card, Voter’s Id, PAN Card, Driving License, or Passport.
  • Address Proof: Utility bills of the latest months, Aadhar Card, Passport, or any other government-approved address proof.
  • As income proof, you may require to submit the latest audited ITR, a business registration certificate, a passport-sized photograph, etc.

How To Apply For The SBI Corporate Credit Card?

You can apply for the SBI Corporate Credit Card online as well as offline at your convenience. To apply offline, visit your nearest SBI branch with all the required documents and apply by filling out the physical application form. You can also apply online via the SBI Card’s official website as follows:

  • Visit the SBI Card’s official website.
  • Under the Tab ‘Corporate,’ click on ‘Credit Cards.’
  • Select the SBI Signature Corporate Purchase Credit Card.
  • Click on apply now and proceed further accordingly.

Conclusion

SBI Signature Corporate Card is very different from other business cards. The card is a great deal for those who travel a lot for business purposes. Along with offering a decent reward rate on all purchases, it provides cardholders with a number of other privileges across different categories. The card offers insurance covers, Priority Servicing, and Concierge Service as well.  Also, it offers great benefits and is really good to manage expenses and also to keep track of such expenses that are happening in the business.

This was the SBI Signature Corporate Credit Card review from our side. Do let us know your views on this card in the comment section below!

 

FAQs:

There is no Joining fees for SBI Signature Corporate Card. However, the Annual Renewal fees for SBI Signature Corporate Card is Rs. 499.

The Cash Advance Fees for SBI Signature Corporate Card is up to 2.5% of withdrawal amount or up to Rs. 450 (Whichever is higher) per transaction for Domestic ATMs and for International ATMs it is up to 3% of withdrawal amount or upto Rs. 450 (Whichever is higher) per transaction.

The Cardholder should contact SBICPSL as soon as possible at the SBI Card Helpline if the Corporate Card is misplaced, lost, stolen, mutilated or not received. BICPSL is not liable or responsible for any transactions incurred on the card account prior to the time of reporting of the loss of the card to SBICPSL and the Cardholder/Corporate will be wholly liable for the same.

The Corporate will not be liable for transactions made on the Card after receipt by SBICPSL of the written notice of the loss/theft/misuse

SBI Signature Corporate Card offers Complimentary Priority Pass Program membership where you can enjoy access to more than 600 international airport lounges worldwide with the membership (A usage fee of only $27 plus applicable taxes will be charged to your card).

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