Corporate Visa Signature Credit Card

Features

  • 24x7 online MIS availability
  • Helps integrate with existing accounting systems
  • Helps minimise paperwork and simplify reconciliation and compliance tasks

* Conditions Apply

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Benefits

  • My Rewards
  • Protection through Insurance
  • Privileges at International and Domestic airports

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What are the features and benefits of a Corporate Visa Signature Credit Card?

Features

Corporate Features*

  • 24x7 online MIS
  • 60 MIS reports for better informed business decisions
    • Spending Analysis by category
    • Expense reports
    • Cost allocation details & summary
    • Merchant summary & details
    • Account management for detailed transaction information at employee level
  • Substantial savings for the business through better negotiations with airlines, hotel chains, etc.
  • Streamlining accounting procedures by consolidating transaction data from around the world.
  • Integrating with the existing accounting systems.
  • Minimising paperwork and simplifying reconciliation and compliance tasks.
Features

Cardholder Benefits

  • My rewards
    Earn up to 2 reward points for every Rs. 150 spent on your card.
  • Petrol Surcharge Waiver
    0% surcharge on petrol transactions between Rs. 400 to Rs. 5,000 only, across all petrol pumps.
  • Revolving Credit
    Up to 50 interest free days on your credit card.
  • Protection through Insurance
    Stay protected with accident insurance cover up to 10 lakhs on air travel and 3 lakhs on rail or road travel. Click here for more details
  • Privileges Complementary membership to Priority Pass usage will be charged
  • Exclusive lounge access
    Enjoy a unique offer on your corporate Visa Signature Credit Card and get access to airport lounges at various airports in India. Click here for details.

*Conditions Apply

What are the fees and charges applicable to a Corporate Visa Signature Credit Card?

Description of ChargesCorporate Visa Signature Credit Card
Interest Free Period Up to 50 days
Minimum Repayment Amount 5%, Minimum Rs. 200
Cash Advance Limit 40% of credit limit under corporate liability and 30% of credit limit under individual liability
Joining Fee Nil
Annual Fee Nil
Charges On revolving Credit 3.05% P.M., 36.6% annually - from transaction date #
Cash Advance Charges 2.5% on amount withdrawn or Rs. 300 (whichever is higher)
Late Payment Charges Late Payment Charges(Basis Credit Card bill amount)*
Statement Balance Late payment charges
Less than Rs. 100 Nil
Rs. 100 and Rs. 500 Rs. 100
Rs. 501 and Rs. 5,000 Rs. 400
Rs. 5,001 and Rs. 20,000 Rs. 500
More than Rs. 20,000 Rs. 700

*Late payment charges mentioned above will be applicable from 1st May 2012 onwards. Late payment charges will be levied as per old rates till 30th April 2012

Charges on overlimit account 2.5% of overlimit amount subject to a minimum of Rs 500
Payment return Charges 2% of payment amount subject to minimum of Rs. 350*

*Minimum charges for payment return charges will be increased from Rs. 300 to Rs. 350 from 1st May 2012

Cash processing fee Rs. 100 (for all card payments made by depositing in HDFC Bank branches or ATMs)
Card accounts levied with Late Payment Charges in the latest generated statement will be exempted from the cash processing fee.
Petrol Transaction Charge 2.5% (subject to a minimum of Rs. 10) - Waived off for transaction value between Rs. 400 to Rs. 5000
Railway Ticket Purchase Fee Rs. 30 + 2.5% of transaction amount
Reissue of Lost, Stolen or Damaged Card Rs. 100
Outstation Cheque Processing Charge Cheque value upto Rs. 5000 - Fee will be Rs. 25
Cheque value above Rs. 5000 - Fee will be Rs. 50
Retrieval Fees ( Chargeslip) Rs. 125 per Chargeslip
Foreign Currency Transactions Bank Charges Cross currency mark-up of 3.5%
Service Tax Applicable on all Fees, Interest and other charges

# w.e.f. 1st Sep 2008
All fees & charges mentioned in the Tariffs, Charges or Fees brochures will attract Service Tax of 12% & an Education Cess of 3% of the service tax amount effective 1st April 2012.

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