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Business Credit Cards – All you need to know

  • 25-Mar-2022
Business Credit Cards – All you need to know

Business Credit Cards are also known as corporate credit cards specially designed for small, medium, and large corporates including MNC companies. Individuals who need a separate business account. 

Business credit cards offer varied benefits and features that will help you to run the business smoothly as well as take care of employee spending expenses with a specialized tool. This enables you to control and monitor expenses. You can also opt for a quick business loan online.

Best Business Credit Cards in India 

CardBest for Rewards
HDFC Bank MoneyBack Cards
  • Minimal annual fee
  • Joining fee and annual fee waiver on certain terms
  • Online shopping: 4 points – Rs.150/-
  • Others: 2 points/ Rs.150/-
SBI Platinum Corporate Credit Card
  • Card replacement that can be done from anywhere in the world
  • Smarter expense management by customers
  • One reward point equals Rs.25 paise.
  • In 1000/- reward point you can get free shopping worth Rs.250/-
Axis Bank My Business Credit Card
  • Complimentary lounge access to various airport within India
  • Zero lost card liability for fraudulent transaction on card stolen
  • Get 100 points on your first-time online transaction.
  • Earn 4 reward points on every spend of Rs.200/-


Citi Bank Corporate Credit Card
  • IntelliLink spend management tool help to manage corporate expenses 
  • Get services from more than 2 million ATM across the globe
  • Get 2 reward points, whenever you use card to spend Rs.125/-
  • Endless rewards points on limitless purchase you make on your card
Yes Prosperity Business Credit Card
  • 3 complimentary international lounge outside India
  • You can get a fuel charge waiver across India in all fuel station


  • 10,000/- reward points on your first transaction “within 30 days”
  • 4 reward points for every on all categories


Benefits of Business Credit Cards: 

Dual Benefits- With the use of business credit cards, both the employer and employee get benefitted from cashless transactions and clear spending analysis to manage expenses. 

Safe and Secure Transactions- The entire process carries safe and secure transactions; this keeps the risk minimal and reduces the burden of carrying cash. 

Online Accessibility- You can easily manage your card online through the aid of the bank’s portal. That would help in viewing payment bills, bank statements, raising disputes and so on. 

Monthly Settlement Options- Credit card settlement comes with the ease of monthly settlement options which not only help in saving time but also help in tracking expenses and effective calculations. 

All-in-one Expense- Multiple purpose expenses are covered under the business credit cards whether you want to spend money on utilities, business operations, brand-awareness, repair and maintenance and much more. 

Eligibility of Business Credit Cards 

To avail business credit cards, you must meet the requirements. However, the eligibility criteria for credit cards varied from one card to another. Here are some basic requirements that you need to meet: 

AgeApplicant age should be minimum 21 years old and not more than 70 years old
NationalityApplicant should be resident of India
ProfessionBusiness cards available for small businesses, self-employed, include professionals and non-professionals, limitedcompanies proprietor or partner in a partnership firm
Business statusBusiness must generate profit for at least 2 years with a proven track record

Also Read: How to get business loan by government

Document Required 

You are limited companies required to submit certain documents to get verified the information given in the application form. Usually, business cards are issued in the name of an organization or a member of the organization. Based on the lender, documents might get varied. The following are the common set of documents required to obtain credit cards: 

Proof of Identity (any of the following): Aadhaar Card/Voter ID/ Passport/PAN Card/Driving License 

Proof of Address (any of the following): Utility Bill/Electricity Bill/Aadhaar Card/Passport/Rent/Lease Agreement 

Business Existence Proof: Incorporation Certificate, MOA, AOA

Proof of Income: Latest ITR along with computation of income and other certified financial documents 

How to Apply for Business Credit Cards? 

You can apply for a business credit card online or offline, 

Step-by-step process to apply online 

Step 1: Visit the official website of the preferred bank and tap on credit card page. 

Step 2: Click on apply now button by filling out some basic details such as name, mobile number, email ID, requirements..etc. 

Step 3: Shortly, a dedicated representative will get in touch with you to explain the features of the card and its specifications. 

Step 4: You will be asked to submit the necessary documents to process your application. 

Step 5: - Once the banker gets satisfied with the documents further formalities will proceed ahead. 

Step-by-step process to apply online 

Step 1: Visit the nearest bank branch and approach for a card 

Step 2: The representative would make you clear about various types of cards and match your requirements wisely. 

Step 3: Thereafter, you will be asked to fill out the application form by attaching some documents such as identity proof, address proof, income proof and business continuity proof. etc. 

Step 4: After cross-checking your application, the representative takes the application forward.

Also Read: Apply for business loan with financeseva

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