Axis Bank Corporate Credit Card with Individual Liability

Given below are a few key features of this corporate credit card:

Lounge Access- Cardholders can avail Exclusive Airport lounge Access at assigned airports in India.

Easy Management and Control of Expenses- This corporate card helps to control and manage all travel and entertainment expenses of the employees keeping them within the specified individual limits.

Comprehensive Management Information System (MIS)- The card helps to track the travel expenditures of the employees keeping them in compliance with the corporate travel policies.

Customised Cards- A fourth line embossing can be done on all corporate cards creating a sense of connection among all employees of the company irrespective of their designation.

Loyalty Reward Points- The cardholder can earn reward points on the following basis:

• 1 point for every Domestic spend of Rs. 200
• 2 points for every International spend of Rs. 200

These points can be redeemed for exciting gifts and vouchers with a minimum accumulation of 1,000 points.

Fuel Surcharge Waiver- A waiver of 1% is applicable on all fuel transactions between Rs. 400 and Rs. 4,000 at all petrol pumps.

Insurance Cover- The insurance cover for corporate cards is as follows:

• Air Accident: Rs. 4.5 crore
• Lost card Liability including Counterfeit: Rs. 1 lakh
• Checked Baggage Loss: Rs. 30,000
• Baggage Delay: Rs. 30,000
• Loss of Baggage: Rs. 30,000
• Missing International Flight during Transit: Rs. 10,000
• Delay in Flight: Rs. 10,000

The Axis Bank Corporate Credit Card with Individual Liability offers a number of benefits and privileges to the cardholder. But it also entails certain fees and charges which are as follows:

Fee/Charge	Amount/Rate
Cash Withdrawal Fee	2.5% of the cash amount subject to a minimum amount of Rs. 500.
Over Limit Penalty	3% of the amount over the credit limit subject to a minimum of Rs. 500
Cheque Return or Dishonour Fee	2% of the total amount to be paid subject to a minimum amount of Rs. 450.
Cash Payment Fee	Rs. 100
Foreign Currency Mark-up Fee	3.5% of the total amount being transacted.
Late Payment Fee	Amount less than Rs. 100 – Nil Amount between Rs. 101-Rs. 300 – Rs. 100 Amount between Rs. 301-Rs. 1,000 – Rs. 300 Amount between Rs. 1,001-Rs. 5,000 – Rs. 500 Amount between Rs. 5,001-Rs. 10,000 – Rs. 600 Amount above Rs. 10,000 – Rs. 700

The eligibility for this credit card is at the sole discretion of the bank. The applicant, however, should meet some basic requirements such as-

• Age above 18 years
• Resident Indian
• No recent financial delinquencies

The issuance of the Axis Bank Corporate Credit Card with Individual Liability requires the submission of the following documents at the time of application:

Identity Proof- PAN/Form 60

Income Proof-

• Salary pay slip of the last 2 months
• Form 16
• ITR (P.Y)
• Salary Certificate
• Offer Letter
• Appointment letter

Residence Proof-

• Passport
• Driving license
• Ration card
• Electricity bill
• Landline telephone bill

For further queries on the eligibility norms, the applicant can contact the customer care department of Axis Bank or visit the nearest Axis Bank branch.

Interested applicants have three ways to apply for Axis Bank Corporate Credit Card with Individual Liability. These ways are as follows –

• They can visit the nearest branch of Axis Bank and get in touch with the bank’s representatives to apply for the card.
• The applicants can call on the bank’s customer care number and place a request for applying for the card. The numbers are 1860 419 5555 and 1860 500 5555. Thereafter, the executive of the bank would arrange for a call back to complete the application process for the card.

Can the card be customised?

Yes, the Axis Bank Corporate Credit Card with Individual Liability can be customised. Customisation is available for adding the name of the company to the card.

What are the joining and annual fees on the card?

Axis Bank has not fixed an absolute amount of joining fee or annual fee on the Axis Bank Corporate Credit Card with Individual Liability. The fee is decided based on the eligibility of the applying company and after entering into an agreement with the applicant.

Are any charges levied for retail purchases?

Yes, finance charges are applicable for any type of retail purchase made through the card. The charge is 2.95% per month which amounts to 41.75% annually.