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YES BANK RazorpayX Purchase Credit Card

Business credit cards are important for managing money and helping businesses grow. They allow companies to pay for expenses without affecting cash flow right away. For instance, a startup can purchase essential supplies using a credit card and pay off the balance after generating revenue from sales, allowing for better cash management.

YES BANK has launched the RazorpayX Purchase Credit Card to meet the needs of modern businesses and offers a cost-effective solution for companies. With no joining or annual fees, businesses can use their benefits without worrying about additional costs.

The RazorpayX Purchase Credit Card helps you manage your cash flow by offering up to 50 days of interest-free credit. It has your company’s name printed on it, which increases your brand visibility during transactions. If you do international business, you can save money with a low foreign exchange markup fee of just 1%. This card offers useful financial features and valuable rewards and is a great option for businesses that want to boost their purchasing power while keeping expenses low.

YES BANK RazorpayX Purchase Credit Card

( 4.4 / 5 )
RazorpayX Purchase Credit Card
  • Joining FeeNil
  • Annual FeeNil
  • Best Suited ForBusiness Expenses
  • Reward TypeN/A

Rewards Rate

N/A

Welcome Benefits

Nil

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

  • Spend-Based Waiver

    N/A

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    1%

    Interest Rates

    3.25% per month; 39% per year

    Fuel Surcharge Waiver

    1% waiver on transactions between ₹400 to ₹5,000

    Cash Advance Charges

    N/A

    • The YES BANK RazorpayX Purchase Credit Card has no joining or annual fees.
    • Each card comes with your company name printed on it.
    • Fuel Surcharge waiver of 1% on fuel transactions.

    Pros

    • Interest-free period of 50 days.
    • Low Forex Markup fee of 1% on international transactions.

    Cons

    • No benefit on travel, dining, or entertainment.
    • This card does not offer any reward rate.

  • Lifetime-Free Card

    Unlike many corporate credit cards, the RazorpayX Purchase Credit Card does not impose any joining or annual fees, allowing businesses to save money while enjoying its features.

    Corporate Name Embossing

    Each card features corporate name embossing, which adds a professional touch and visibly represents your brand identity. This embossing is displayed on the card, strengthening corporate identity during transactions.

    Interest-Free Credit Period

    With the YES BANK RazorpayX Purchase Credit Card, users can enjoy the luxury of up to 50 days of interest-free credit, allowing businesses to manage cash flow and invest in growth without the burden of immediate costs.

    Low Forex Markup Fee

    When making international transactions, the card features a low foreign exchange markup fee of 1%, reducing the overall cost for businesses engaging in global operations.

    Reward Benefits Powered by PoshVine

    The RazorpayX Purchase Credit Card comes packed with reward benefits that empower businesses to earn points on various spending categories. These rewards can boost your company’s operational capabilities while guaranteeing that you gain value for every transaction.

    MasterCard Smart Data Gen 2

    This feature provides a complete 360° view of corporate and employee spending through a 24/7 online MIS tool. Users can generate up to 60 customized reports for varied analysis, which can be scheduled based on corporate requests. Data and reports can be stored for up to three years and downloaded in multiple formats.

    Dedicated Corporate Assist Desk

    For any queries or account management support, a dedicated Corporate Assist Desk is available to guarantee that businesses receive timely assistance and guidance.

    Additional Rewards

    Cardholders can also enjoy significant savings, such as up to 90% off on Freshworks products, up to $5000 in free Google Cloud credits, and six months of complimentary access to Notion, upgrading the value proposition of this card.

    Fees and Charges

    Categories Fees
    Joining Fee Nil
    Forex Markup Fee 1%
    Reward Redemption Fee Nil
    Foreign Currency Conversion Charges 2.5%
    Minimum Amount Due 100% of TAD

    YES BANK RazorpayX Purchase Credit Card Review

    The YES BANK RazorpayX Purchase Credit Card is beneficial for businesses that want a cost-effective financial tool. It has no joining or annual fees, which helps companies increase their purchasing power without extra costs. The card offers a 50-day interest-free period and a low 1% forex markup fee, making it a good option for startups and small businesses involved in international trade. The card also features corporate name embossing to enhance brand visibility during transactions. This card is perfect for companies that want to control expenses, manage cash flow well, and earn rewards on business spending.

    FAQs:

    No, there are no joining or annual fees for this card, making it a lifetime-free card.

    Yes, the card is suitable for international transactions and features a low forex markup fee of just 1%, helping you save on costs when doing business abroad.

    Smart Data Gen 2 allows businesses to have a detailed view of their spending through an online MIS tool. Users can generate customized reports for better financial analysis, which can be stored for up to three years.

    You can apply for the card through YES BANK’s website, by visiting the nearest YES Bank branch, or by contacting their customer service. Make sure that you have all the necessary documents ready for your application.

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