SBI PLATINUM CORPORATE CREDIT CARD
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Joining Benefits of SBI Platinum Corporate Credit Card
- Welcome Benefit:
Complimentary access to premium offers and discounts across various categories.
- Reward Points:
- Earn 2 reward points for every โน100 spent on all categories except fuel.
- Fuel Surcharge Waiver:
1% waiver on fuel surcharge at all petrol pumps across India.
- Travel Benefits:
Access to special travel offers and discounts on flights, hotels, and holiday packages.
- Expense Management Tools:
Detailed expense reports and analytics to manage corporate spending efficiently.
Integration with leading expense management solutions for seamless expense tracking and reporting.
- Airport Lounge Access:
Complimentary access to domestic airport lounges for a comfortable travel experience.
- Insurance Coverage:
Complimentary travel insurance, including air accident cover and lost card liability cover.
- Concierge Services:
24/7 concierge service for travel, dining, and entertainment arrangements.
- Dining Discounts:
Up to 15% off at partner restaurants through SBI Cardโs Culinary Treats program.
- Annual Fee Waiver:
No specific annual fee waiver, but competitive annual fees designed for corporate use.
- Interest-Free Period:
Up to 50 days of interest-free credit on purchases.
- Global Acceptance:
Widely accepted at millions of merchant locations and ATMs worldwide.
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Product Details
| Card Name | SBI Platinum Corporate Credit Card |
| Card Type | Corporate Credit Card |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Interest Rate | 3.35% per month (40.2% p.a.) |
| Reward Points | 1 Reward Point per โน125 spent |
| Issued To | Registered companies, LLPs, large organizations, and government bodies |
Key Features of SBI Platinum Corporate Credit Card
- Global Acceptance
Accepted at over 38 million merchant outlets and 1 million+ ATMs worldwide. - Expense Management Tools
Offers detailed MIS reports for tracking and managing corporate expenses. - Contactless Payments
Tap & Pay feature for faster and secure transactions at NFC-enabled terminals. - Air Accident Insurance โ โน50 Lakh
If an employeeโs flight ticket is purchased using the SBI Platinum Corporate Credit Card, they are eligible for an air accident insurance cover of up to โน50 lakh in case of accidental death during the journey. - Travel Insurance
ย ย โข Baggage Loss: Coverage of up to โน75,000 in case of loss of checked-in baggage.
ย ย โข Baggage Delay: Compensation of up to โน7,500 for delayed baggage beyond the stipulated waiting period.
ย ย โข Flight Delay: Reimbursement of up to โน15,000 for expenses arising from delayed flights (terms apply).
ย ย โข Lost Card Liability Cover โ โน3 Lakh
In case the card is lost or stolen and reported immediately, employees are protected against fraudulent transactions up to โน3 lakh under the lost card liability cover. - Corporate Liability Shift
Transfers liability from employees to the company, reducing individual risks. - Flexible Billing Options
Choose between individual billing or centralized billing to suit your business needs. - High Credit Limits
Customized high credit limits based on your companyโs financial profile. - Reward Points
Earn 1 Reward Point for every โน125 spent on eligible purchases.
SBI Platinum Corporate Credit Card Benefits
- Welcome Benefits
Corporates may negotiate customized onboarding benefits such as fee waivers or special reward point offers based on company profile and card volumes. - Milestone Benefits
Corporates can earn additional reward points or fee waivers when annual spending targets are met, subject to terms negotiated during onboarding. - Insurance Coverage
The SBI Platinum Corporate Credit Card offers โน50 lakh air accident insurance if the flight ticket is booked using the card. It also provides travel insurance covering baggage loss up to โน75,000, baggage delay up to โน7,500, and flight delay up to โน15,000. Additionally, it includes lost card liability cover of up to โน3 lakh. - Airport Lounge Access
Complimentary Lounge Access: Cardholders are entitled to free access to select airport lounges across India.
- Limit: Maximum of 2 complimentary visits per calendar quarter
- Eligibility: This benefit is available only to primary SBI Corporate Cardholders and is subject to usage at participating lounges.
- Foreign Currency Markup
A 5% foreign currency markup is charged on international transactions, which is competitive for corporate cards in this segment. - Interest Rate
The card offers up to 50 days interest-free credit on purchases, with a finance charge of 3.35% per month (40.2% p.a.) on outstanding balances.
SBI Platinum Corporate Credit Card Reward & Redemption
Unlike personal credit cards, corporate cards typically focus more on control and management rather than high rewards. However, the SBI Platinum Corporate Credit Card does provide an attractive rewards program.
Reward Points Earning Structure
- Cardholders earn 1 Reward Point for every โน125 spent on all retail purchases.
- No reward points are earned on cash advances, fuel transactions, or EMI payments.
Reward Redemption Options
- Accumulated reward points can be redeemed against a variety of gifts and vouchers from the SBI Card rewards catalogue.
- Points can also be used for airline miles, shopping vouchers, or for discounts on future statements.
SBI Platinum Corporate Credit Card Fees & Charges
- Joining Fee
Nil - Annual Fee
Nil - Interest-Free Credit Period
Up to 50 days, applicable on retail transactions if the previous dues are paid in full. - Finance Charges
35% per month or 40.2% per annum on outstanding balances. - Cash Advance Fee
5% of the transaction amount or โน500, whichever is higher. - Foreign Currency Markup Fee
5% on all international transactions. - Card Replacement Fee
โน100 per card within India (international replacement charges may vary). - Late Payment Charges
โน0 โ For total outstanding up to โน200
- โน100 โ For total outstanding between โน200 to โน500
- โน400 โ For total outstanding between โน500 to โน1,000
- โน500 โ For total outstanding between โน1,000 to โน10,000
- โน750 โ For total outstanding above โน10,000
- Overlimit Fee
5% of the overlimit amount or โน600, whichever is higher. - Reward Redemption Fee
โน99 per redemption request.
SBI Platinum Corporate Credit Card
- Global Acceptance
Accepted at over 38 million outlets and 1 million+ ATMs worldwide, making it perfect for domestic and international business expenses. - Complimentary Domestic Lounge Access
Enjoy 2 free airport lounge visits per quarter at select domestic airports for a more comfortable travel experience. - Comprehensive Travel Insurance
Includes โน50 lakh air accident cover, baggage loss protection up to โน75,000, and compensation for flight delays and baggage delays. - Expense Management Tools
Access to MIS reports and online dashboards for real-time tracking of employee spends and budget control.
SBI Platinum Corporate Credit Card Eligibility
To apply for the SBI Platinum Corporate Credit Card, both the organization and its employees must meet certain criteria:
- Eligible Entities
-
- The card is available to registered businesses such as Private Limited Companies, Public Limited Companies, LLPs, Government organizations, and large corporates.
- Corporate Financial Profile
-
- The company must meet SBI Cardโs internal credit assessment standards, including minimum turnover, profitability, and creditworthiness.
- Corporate Relationship
-
- The company should have an existing banking relationship or a willingness to onboard with SBIโs corporate banking services.
- Employee Eligibility
-
- The card is issued to employees nominated by the company, usually those who incur official expenses such as travel, entertainment, or operational costs.
- Documentation Requirements
-
- Board Resolution or Letter of Authorization from the company.
- KYC documents such as PAN Card, GST Certificate, Certificate of Incorporation, and company financials.
- Employee KYC if required under company policy.
SBI Platinum Corporate Credit Card apply online
- Visit the SBI Card corporate website.
- Click on โCorporate Card Inquiryโ form.
- Fill in company and contact details.
- Submit the form for SBIโs corporate team review.
- SBI representative will contact you for documentation and onboarding.
Who Can Buy this SBI Platinum Corporate Credit Card?
The SBI Platinum Corporate Credit Card is best suited for:
- Medium and large enterprises with frequent employee travel needs.
- Corporates seeking expense automation and accounting system integration.
- Organizations looking for centralized control over corporate spending.
- Companies that need high credit limits for employees for business-related expenditures.
This card is not for individual use by retail customers or self-employed professionals. It is exclusively designed for corporate entities and their authorized employees.
