7 Best Business Credit Cards in India

Business cards facilitate companies and employees to track down their expenses in a more hassle-free or efficient manner. Most of these credit cards offer an opportunity for companies to set a limit on the company's total expenses and the card limits for its employees. At FinTown, we spend thousands of hours researching financial products in India to help our customers make the best possible personal finance decisions. You can find below a comprehensive understanding of some of the best business credit cards.

Credit Card Annual Fee APR Initial Bonus
SBI Platinum  Corporate Credit Card Nil 40.2% Nil
HDFC Bank Business Moneyback Credit Card INR 500 41.88% Nil
HDFC Bank Business Regalia Credit Card INR 2500 42% INR 500
Axis Bank My Business Credit Card First Year: Nil Second year onwards: INR 499 46.78% 100 eDGE loyalty points on first online transaction
Citibank Corporate  Credit Card Nil 39% Nil
ICICI Bank Platinum Corporate Credit Card INR 999 37.8% Nil
Kotak Bank Corporate Credit Card Nil 42% Nil

7 Best Business Credit Cards in India - Reviews, Features and Benefits [Explained]

SBI Platinum  Corporate Credit Card

The SBI Platinum Corporate Credit Card is targeted at organizations and not individuals. This card is a good option since it comes with a zero annual fee/joining fee. Additionally, the insurance benefits offered is great since it covers travel, lost card liability and air accident coverage. The spend tracker tool is also something that is unique to this credit card.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Annual Fee INR 500
Annual Bonus INR 500
Airport Visa Lounge Access Programme, Priority Pass Membership  No golf privileges
 Smarter Expense Management  High interest rate
 Insurance Coverage

Rewards & Benefits:

  • Airport Lounge Access: For a fee of INR 180, you get a priority pass membership. You will be charged $ 27 for your visit to any international lounge programs. The Visa Lounge Access Programme on availing this credit card offers 2 complimentary airport lounge visits per quarter.
  • Better Expense Management: This credit card enables organizations to track their expenses better with the help of Intellilink Spend Management tool.
  • Insurance Coverage:
    • - Air accidental coverage of INR 50 lakhs, when the ticket is bought on this credit card.
    • - Travel insurance worth INR 1.1 Lakhs
    • - Up to INR 2 lakhs for fraud cover on individual cards and INR 60 lakhs for fraud cover at corporate level.

Quick Figures:

Annual Fee  Nil
Annual Bonus  Nil
APR  Up to 40.2% p.a.
Minimum Requirements Eligibility decided on the company's annual turnover

This credit card offers good benefits for the employees of an organization that has availed for the SBI Platinum Corporate Credit Card. However, if you are looking for a credit card that offers rewards/cash back, golf privileges etc., then this card is not for you. Furthermore, the interest rate is also on the higher side.

HDFC Bank Business Moneyback Credit Card

The HDFC Bank Business Moneyback Credit Card lets you earn reward points on all spends except fuel. Furthermore, you can redeem your points for cash. Furthermore, you get annual spends benefit, Fuel Surcharge Waiver and zero lost card liability.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Reward points on all spends  No airport lounge access
Annual Spends benefit No golf privileges
 Renewal fee reversal High interest rate
Accelerated rewards at merchant partners

Rewards/Benefits:

  • Rewards Structure: 
    • - 20 reward points for every INR 150 spent
    • - 2 Reward Points for INR 150 on other expenses
    • - 4 Reward Points for every INR 150 spent on Air/Travel/Hotel/Restaurant and online spends.
    • - Every INR 100 can be redeemed for INR 20 cash back
  • Fuel Surcharge Waiver: Fuel Surcharge Waived off on transactions between INR 400 to INR 5000.
  • Zero lost card liability: You have zero liability for fraudulent transactions made on your card.
  • Annual Spends Benefit: On spending INR 1,80,000 in each anniversary year, you receive 2,500 bonus points.
  • Renewal Fee Waiver: On spending INR 50,000, you can get your annual fee waived off.

Quick Figures:

Annual Fee   INR 500
Annual Bonus  INR 500
APR  42%
Minimum Requirements Should be a salaried employee

The HDFC Business Moneyback Credit Card is good when it comes yo redeeming reward points for cash and earning rewards on all your spends. However, this credit card will not offer you airport lounges/golf games. Additionally, this credit card is targeted at individuals and not corporates.

HDFC Bank Business Regalia Credit Card

The HDFC Bank Business Regalia Credit Card is perfect for earning rewards and enjoying airport lounge access.  This card also charges a low foreign currency mark-up fee. Additionally, it offers Club Vistara Membership, air accidental cover, Fuel Surcharge waiver etc.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Airport Lounge Access  High annual fee
Low Foreign Currency Mark-up Fee High interest rate
 Club Vistara Membership No golf games
Fuel Surcharge Waiver  Not for corporates

Rewards/Benefits:

  • Rewards Programme: 4 reward points for every INR 150 spent.
  • Airport Lounge Access: With this credit card, you get a complimentary Priority Pass Membership and 6 complimentary visits to international airport lounge access. The Visa/Mastercard Lounge Access allows 12 complimentary airport lounge visits in a year.
  • Fuel Surcharge Waiver: 1% Fuel Surcharge Waived off on fuel transactions on minimum transactions of INR 400.
  • Annual Spends Benefit: Earn up to 15,000 bonus points on spends of INR 5,00,000 to INR 8,00,000.
  • Club Vistara Silver Membership: You get 9 Vistara points per INR 100 spent on Vistara flights, priority check-in and excess baggage allowance.
  • Air Accidental Cover: Cover worth INR 1 crore.
  • Foreign currency mark-up fee: A low foreign currency mark-up fee of 2%

Quick Figures:

Annual Fee   INR 2500
Annual Bonus  INR 500
APR  42%
Minimum Requirements Should be a salaried employee

The Business Regalia Credit Card is targeted to take care of all the business needs of its cardholder, be it flights, airport lounges or earning rewards. However, it does not offer golf privileges and is only targeted at individual customers.

Axis Bank My Business Credit Card

The Axis  Bank My Business Credit Card is good for airport lounge visits and getting Fuel Surcharge Waiver. However, it is not aimed at corporate and offers no golf privileges. Additionally, reward points can be earned on every INR 200 spent on the card.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Airport Lounge Access  No golf privileges
Fuel Surcharge Waiver High interest rate
 Convert purchases to EMI

Rewards/Benefits:

  • Airport Lounge Access: 2 complimentary airport lounges per quarter
  • Fuel Surcharge Waiver: `1%  Fuel Surcharge Waiver on transactions between INR 400 to INR 4,000.
  • Discounts/offers: Additional 10 % discount on all partner merchants.

Quick Figures:

Annual Fee   INR 999
Annual Bonus  INR
APR  46.78%
Minimum Requirements A salaried employee

The Axis Bank My Business Credit Card is a good option for those who prioritise travel benefit over rewards or cash back. Furthermore, an extremely high interest rate is unappealing. Additionally, there are no dining or entertainment benefits.

Citibank Corporate Credit Card

Citibank Corporate Credit Card provides corporate benefits to manage all accounts using Intellilink Spend Management System. One of the unique features of Citibank Credit Cards is the never expiring reward points. You also get discounts on dining. Furthermore, points earned can be redeemed for air miles, hotel stays and gift vouchers for premium merchandise etc.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Never expiring reward points Any golf privileges
Dining discounts No airport lounge access
Online tool to manage expenses  No movie offers

Rewards/Benefits:

  • Rewards Programme: Earn 2 reward points for every INR 125 in purchases.
  • Online tool to manage expenses: The Visa Intellilink  Spend Management System facilitates online expenses tracker and provides convenient solutions.
  • Never expiring rewards: The reward points earned don't expire and can be redeemed for a wide variety of options.
  • Dining Discounts: Save up to 15% on dining bills in India.
  • One glance Statement: Consolidated one glance statements across all member corporate cards.

Quick Figures:

Annual Fee   Nil
Annual Bonus  Nil
APR  39%
Minimum Requirements A salaried employee

The Citibank Corporate Credit Card is good when it comes to the flexibility of redeeming reward points.  Additionally, a centralized and streamlined process to manage spends with an online spend management tool comes in handy for organizations to manage their expenses. Nevertheless, the annual bonus for this credit card is nil.

ICICI Bank Platinum Corporate Credit Card

ICICI Bank Platinum Corporate Credit Card is a good option for organizations wishing better tracking and compliance, MI reporting. Furthermore, the employees get a complimentary dragon pass membership and insurance benefits.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Enhanced spend visibility  No golf privileges
Better tracking and compliance No welcome bonus
Insurance benefit  No movie offers
Dragon Pass Membership

Rewards/Benefits:

  • Corporate benefits:
    • - Enhanced Spend visibility
    • - Better tracking and compliance
    • - Management information (MI) reporting and programme management
    • - Automation and electronic upload into enterprise resource planning (ERP) / general ledger system
  • Employee benefits:
    • - Insurance benefits & Worldwide customer service
    • - Worldwide acceptance through VISA and MasterCard affiliation
    • - DragonPass for Platinum Cardholders

Quick Figures:

Annual Fee INR 999
Annual Bonus  Nil
APR  37.8%
Minimum Requirements Eligibility decided on the company's annual turnover

The ICICI Bank Platinum Corporate Credit card that comes with enhanced spend visibility is helpful in maintaining transparency, better tracking and compliance. Additionally, the employees get the added benefits of insurance and a complimentary Dragon Pass Membership.

Kotak Bank Corporate Credit Card

Kotak bank Corporate credit card offers more power to the company while making it easy for employees by shifting the burden of credit card bill payment to the company. This credit card comes with flexible redemption options, dedicated relationship manager and program administrator to take care of all your needs.

Pros & Cons:

Reasons to Choose Reasons to Avoid
Limit decided by company No welcome bonus
Expense Management & Consolidated Payment No airport lounge access
Dedicated Service Manager, Program Administrator  No golf privileges

Rewards/Benefits:

  • Credit card limit decided by company: The best feature of this credit card is that the company is allowed the flexibility to choose its own total credit limit and also the credit limit for individual cards for its employees.
  • Reward Redemption: Points can be redeemed every quarter. Cash rebate will be given through demand draft.
  • Dedicated Relationship Manager: Personalised service to all the corporate card members.
  • Fuel Surcharge Waiver: The Waiver is given between INR 500 to INR 3000
  • Free Card Replacement: No extra charge for replacing the card.

Quick Figures:

Annual Fee Nil
Annual Bonus  Nil
APR  42%
Minimum Requirements Eligibility decided on the company's annual turnover

Kotak Bank Corporate Credit card is a good option when it comes to taking care of both employer and employee's needs. However, it does not allow airport lounge access or any movie, dining or golf benefits.

Bottom Line

Business credit cards are not only beneficial to track corporate organisations but also the employees who own them. However, some business credit cards might not allow the company or organisation to track down individual cards using a centralised system, such as the HDFC Business Regalia Credit Card. Among all these credit cards, the Citibank Corporate Credit Card seems to be the most promising since it comes with a zero annual fee, a means to track down expenses, never expiring reward points and also dining discounts for the cardholder.

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