American Express Corporate Cards: Benefits, Fees & Eligibility

American Express offers three credit cards designed for business and corporates– Corporate Platinum Card, Corporate Gold Card and Corporate Green Card. Below are the details of these cards:

American Express® Platinum Corporate Card

This is one of the premium options in the American Express Corporate Card gamut. Along with rewarding business expenses, it comes with free lounge access and discount at hotels – benefits that one can usually find in travel credit cards. Given below are the features.

Best For: Businesspersons and senior executive who seek premium travel benefits

Key Features:

• Complimentary membership to Marriot Bonvoy Gold Elite Status
• MakeMyTrip Vouchers worth Rs. 15,000* by booking international flights and hotels worth Rs. 2 Lakh with MMT Biz on a single day
• Gift voucher worth Rs. 10,000 on spending Rs. 30,000 in a year
• Discount on dining and spa under the Taj Epicure Plus Program
• Discount and priority service when booking cabs with Hertz
• 1 Membership Reward Point on every Rs. 40 spent on business needs
• 2X rewards on Air India website or app and benefits on international travel
• Points can be transferred to airline and hotel loyalty programs or redeemed against 350+ vouchers across 175 brands
• Complimentary access at over 1400 premium lounge on American Express network
• Benefits worth Rs. 44,300* at Fine Hotels and Resorts

American Express® Corporate Gold Card

This is the mid-range option designed for businesses that wish to streamline their expenses along with earning rewards and saving on occasional business travel expenses. Below are the details.

Best For: Frequent business travellers who need travel benefits and expense management tools

Key Features:

• 2 complimentary lounge visits annually to 1,200+ airport VIP lounges worldwide through Priority Pass
• Access to over 25 domestic airport lounges across India at discounted rates
• 1 Membership Rewards Point on every Rs. 50 spent on eligible business expenses
• Redeem Membership Rewards Points for e-vouchers, travel bookings, statement credits and transfers to airline and hotel loyalty programmes
• @Work online platform to track employee spending, analyse expense patterns and set individual spending limits
• Customised employee spending limits and consolidated expense management for greater control over business expenditure
• Complimentary business travel insurance with coverage of up to Rs. 75 Lakh for eligible trips
• 24x7 Global Assist® Hotline for travel-related assistance, including lost passport, missing luggage and emergency referrals
• Up to 51 days of interest-free credit period, depending on the purchase and statement cycle

American Express® Green Corporate Card

This is a basic corporate card by American Express, allowing cardholders to earn rewards on their business spends along with rewarding everyday spends like telecommunications and insurance. Details are given below.

Best For: Core employees and occasional travellers who need a flexible solution for everyday business expenses

Key Features:

• 1 Membership Rewards Point on every Rs. 50 spent on eligible business expenses
• Earn 1 Membership Rewards Point on every Rs. 100 spent on telecommunications, insurance, wholesale spends and other eligible utility services
• No Membership Rewards enrolment fee, no points expiry and no redemption charges
• Redeem points for 350+ e-vouchers across 175 brands, airline and hotel loyalty programmes, online and offline purchases, and eligible Card charges
• Complimentary business travel insurance with coverage of up to Rs. 30 Lakh for eligible domestic and international trips
• 24x7 Global Assist® Hotline for travel assistance, including lost passport, missing luggage and emergency legal or medical referrals
• @Work online platform to monitor employee spending, analyse expense patterns and set customised spending limits
• Consolidate employee expenses into a single payment method for easier expense management and greater visibility

Suggested Read: Best Business Credit Cards in India

While the core features and benefits vary from card to card, there are some common benefits of American Express Corporate Cards, as shown below:

• Rewards on Business Spending: Cardholders can earn Membership Rewards Points on eligible business expenses, which can be redeemed for vouchers, travel bookings and other options.
• Flexible Expense Management: American Express Corporate Cards help businesses track employee spending, set individual spending limits and consolidate expenses for easier management.
• Interest-Free Period: Depending on the billing cycle and transaction date, cardholders can get an interest-free credit period of up to 51 days.
• Business Travel Benefits: American Express Corporate Cards offer benefits such as airport lounge access, travel insurance and assistance services, making business travel more convenient.
• Global Assistance: Cardholders can access 24x7 assistance while travelling for support with emergencies such as lost passports, missing luggage and medical or legal referrals.
• Employee Spending Controls: Businesses can customize spending limits for individual employees, helping them maintain greater control over corporate expenses.
• Enhanced Reporting and Insights: Corporate expense management tools can provide businesses with greater visibility into employee spending and help simplify expense reporting.

The table below shows the important fees and charges associated with American Express Corporate Cards:

An important point to note here is that American Express does not charge any joining fee on its corporate cards. However, a one-time card set-up fee is applicable on certain cards as shown in the table above. Also, corporate cardholders are not allowed to revolve the overdue balance on their card; hence, there are no finance charges or overdue interest charges. However, delinquency fee will be applied if full amount is not paid by the due date.

Consumers can request a callback from American Express if they are interested in getting their corporate cards. Follow the process given below:

Your application will be reviewed by American Express and you will get a callback to take the process further.

American Express Corporate Cards can be a suitable choice for businesses looking to streamline employee expenses while offering additional rewards and travel-related benefits. They may be particularly useful for:

Overall, American Express Corporate Cards may be worth considering for businesses that want to combine convenient expense management, rewards and business travel benefits under a single corporate payment solution.