SBI Signature Corporate Credit Card is offered to corporate houses. The card has facilities that are unique and quite beneficial for corporate users. It comes with its features like Priority Pass membership, insurance coverage on the card and other special services for the cardholder etc. Let’s discuss the features and benefits of the card in detail.
Features and Benefits of the SBI Signature Corporate Credit Card
Given below are the most important features of this corporate credit card:
Acceptance across the globe: The card has the highest authorization approval which gives it access to 38 million outlets across the globe.
Services round the clock: The card comes with a separate line of contact where the cardholder can address all the issues related to the card. It takes only 48 to 72 hours to be replaced in case it is lost.
Insurance cover: The card comes with two types of insurance one is fraud insurance and other is travel insurance. Depending on the holding of the card and also the type of the contingency, the sum insured is assigned to the cardholder.
Control on the spending: The card comes with a unique option wherein the cardholder can limit the usage of the card by setting up limits on the card depending on the time as well as the type of purchase.
PIN and Chip-enabled card: The card comes with a high-security level in usage where a chip and PIN are required at the time of transaction for verification. This keeps the card secure from frauds.
Card replacement facility: The card can be replaced within 72 hours anywhere in the world thus making it convenient for the cardholder to travel freely without a worry.
Spend Analysis: The card is interlinked to VISA Intellilink Spend Management Tool where the company can manage all the expenses on a regular basis thus giving a detailed cost analysis. They can track expenses category-wise and get email alerts for important activities happening on the account.
Priority Pass: The cardholder has access to 600 airport lounges across the world.
Offer Bouquet: The card comes with a lot of offers on it. The website of the card gives out the list of participating companies and the discount offered by them on the usage of the SBI Signature Corporate Card. The list includes hotels, air tickets, car rentals etc.
VISA Lounge Pass: All the airport lounges that have the facility of VISA lounge access can be utilized by using the SBI Signature Corporate Credit Card.
Communication through SMS and email: All transactions are reported to the cardholder via SMS and email.
SBI Corporate Signature Credit Card- Fees and Charges
The table given below shows some important the fees and charges applicable on this credit card:
|Annual Fee||₹ 499|
|Finance Charges (Interest Rate)||Up to 3.35% p.m. (40.2% p.a.)|
|Cash Advance Fee (if applicable)||At Domestic ATMs: Up to 2.5% of withdrawal amount or up to ₹ 450 (WIH)|
At International ATMs: Up to 3% of withdrawal amount or up to ₹ 450 (WIH)
|Payment Dishonor Fee||2% of the payment amount or ₹ 450 (WIH)|
|Foreign Currency Transaction||Conversion Markup: Up to 3.5%|
|Payment of Custom duty||2.25% of transaction amount (subject to a minimum of ₹ 75)|
This is a unique card for people who travel a lot for business purposes and also for them who want to keep a track of their expenses. If you wish to apply for this card, you can do it online on the official website of SBI Card or by calling the bank.