Did you know that over 70% of business owners in India prefer using platinum credit cards for managing corporate expenses? The HDFC Corporate Platinum Credit Card is one of the most popular choices, offering a blend of convenience, rewards, and exclusive benefits.
With a strong reward rate and travel perks like lounge access, this credit card is designed to make your business expenses more rewarding. Plus, it offers advanced expense management features to help you track and control your spending efficiently.
Imagine earning reward points on every purchase, enjoying complimentary lounge access at domestic airports, and benefiting from various insurance protections. This platinum credit card also provides discounts on fuel purchases and travel benefits, making it a great companion for business owners.
What really sets this card apart is its unique features, such as detailed expense tracking and up to 50 days of interest-free credit. Whether you’re managing daily expenses or planning business travel, the HDFC Corporate Platinum Credit Card is tailored to meet your needs.
Key Takeaways
- Earn reward points on every purchase and redeem them for cashback or vouchers.
- Enjoy complimentary lounge access at domestic airports and discounts on travel bookings.
- Track expenses easily with detailed statements and advanced management features.
- Save on fuel purchases with a 1% surcharge waiver at petrol pumps.
- Get up to 50 days of interest-free credit for better cash flow management.
Overview of the HDFC Corporate Platinum Credit Card
Discover how the HDFC Corporate Platinum Credit Card is transforming corporate expense management by blending personal and professional benefits seamlessly. Designed for business owners and corporate users, this card offers a unique combination of rewards, travel perks, and financial tools.
With every ₹150 spent, you earn 3 reward points, and each payment cycle rewards you with up to 6,000 points. These points can be redeemed for cashback, vouchers, or other rewards, making your business expenses more rewarding. Additionally, the card offers 8 complimentary domestic lounge accesses annually, enhancing your travel experience.
Managing expenses is simplified with detailed tracking and limit-setting features for employee cards. The card also provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, saving you more on fuel expenses. Plus, enjoy up to 50 days of interest-free credit, helping you manage cash flow effectively.
This card supports both corporate and personal financial needs through innovative features, making it a versatile tool for business owners. Whether you’re handling daily expenses or planning travel, it offers the perfect blend of convenience and benefits.
Key Features and Benefits
Discover the exclusive benefits designed to elevate your business expenses with the HDFC Corporate Platinum Credit Card. This card offers a perfect blend of rewards, travel perks, and financial tools tailored for corporate users.
Reward Points and Redemption Options
Earning rewards is simple and rewarding. For every ₹150 spent, you earn 3 reward points, with a maximum of 6,000 points per statement cycle. These points can be redeemed for both domestic and international miles, offering flexible options to suit your needs.
Travel and Lounge Access Perks
Enjoy a luxurious travel experience with 8 complimentary domestic lounge accesses annually. This benefit enhances your travel convenience, making every business trip more comfortable and productive.
The card also offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹500 per cycle. Additionally, there are no joining or renewal fees, aligning with the modern needs of business owners. The transaction fee is set at 3.49% per month on outstanding amounts, providing clear terms for cash flow management.
Rewards and Travel Incentives
Maximizing your business expenses is easy with a rewards program designed to offer exceptional value. This section dives into the travel incentives and rewards that make your purchases even more rewarding.
Domestic and Limited International Access
Earn 3 reward points for every ₹150 spent, with a maximum of 6,000 points per statement cycle. These points can be redeemed for both domestic and international benefits, offering flexibility to suit your needs. Additionally, enjoy 8 complimentary domestic lounge accesses annually, enhancing your travel experience. A 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 adds to your savings.
Airline Miles and Catalog Redemption
Redeem your points for airline miles or catalog items. Each reward point converts to 0.5 air miles or up to ₹0.35 in catalog value. Points are valid for two years, allowing you to accumulate rewards over multiple cycles. The table below outlines the redemption options:
| Redemption Option | Value per Reward Point |
|---|---|
| Flights and Hotels via SmartBuy | ₹0.50 |
| Air Miles Conversion | 0.5 Air Mile |
| Products and Vouchers | Up to ₹0.35 |
| Cashback | ₹0.20 |
Fees, Charges, and Interest Rates
Understanding the fees associated with your credit card is essential for effective financial planning. This section breaks down the key charges and interest rates to help you make informed decisions.
Cash Advance and Currency Conversion Fees
Withdrawing cash comes with a fee of 2.5% of the withdrawn amount, with a minimum charge of ₹500. Additionally, foreign transactions incur a 3.5% markup on the converted amount, plus applicable taxes.
Late Payment and Over-limit Charges
Late payment charges range from ₹100 to ₹950, depending on the statement balance. Over-limit charges are capped at ₹950. The interest rate is 3.49% per month (41.88% annually) on unpaid balances, providing clear terms for cash flow management.
| Fee Type | Details |
|---|---|
| Cash Advance Fee | 2.5% of the withdrawn amount (min. ₹500) |
| Currency Conversion Fee | 3.5% markup on foreign transactions |
| Late Payment Fee | ₹100 to ₹950 based on balance |
| Interest Rate | 3.49% per month (41.88% annually) |
This structure supports cost-effective expense management, with each payment and transaction monitored for transparency and benefit.
Eligibility, Documentation, and Application Process
Understanding the eligibility criteria and required documents is essential for a smooth application process. This section guides you through the necessary steps to apply for the HDFC Corporate Platinum Credit Card.
Eligibility Criteria for Business Owners
To apply, you must be a business owner aged between 21 and 65 years. Salaried individuals between 21 and 60 years can also apply. A valid business registration and a stable income are necessary.
Required Documents and Verification
Submit identity proofs like Aadhar, PAN, or Passport. Address proofs such as utility bills or Passport are also needed. Income verification includes IT returns or bank statements. A passport-sized photo is required.
Step-by-Step Application Guide
Apply online by visiting the HDFC website, filling the form, and uploading documents. For offline, visit a branch with documents. Approval follows document verification, with the card issued within 7-10 working days.
Insurance Coverage and Added Protections
When it comes to safeguarding your finances, the HDFC Corporate Platinum Credit Card offers robust insurance protections designed to give you peace of mind. Whether you’re traveling or managing daily expenses, this card ensures you’re covered in various scenarios.
Comprehensive Insurance Benefits
Enjoy extensive travel-related insurance benefits, including up to ₹1 crore for air accidental death coverage. This ensures you’re protected against unforeseen events during your journeys. Additionally, the card provides emergency medical expense coverage and flight delay compensation, making it a reliable choice for frequent travelers.
Corporate Liability and Zero Liability Protection
The card also features corporate liability cover, protecting your business from employee-related fraud. With zero liability protection, you’re safeguarded against fraudulent transactions if reported promptly. This means you won’t be held responsible for unauthorized charges, ensuring your finances remain secure.
These protections are invaluable for both business and personal financial security, offering a comprehensive safety net that enhances your card’s benefits. With such robust coverage, you can manage your expenses with confidence, knowing you’re protected every step of the way.
Expense Management and Corporate Reporting
Managing business expenses efficiently is crucial for maintaining financial health. The HDFC Corporate Platinum Credit Card offers advanced tools to streamline your expense management process, ensuring transparency and control over corporate spending.
Advanced Reconciliation Process
The card provides consolidated transaction reports, making it easier to reconcile expenses. This feature helps in identifying discrepancies and ensures accurate financial records. With detailed statements, you can track every transaction and manage your cash flow effectively.
Customized Reporting and Transaction Tracking
Customize reports based on spending categories and business needs. This allows you to monitor expenses in key areas and make informed decisions. The card also enables tracking of transactions across multiple accounts, providing a comprehensive view of your financial activities.
| Feature | Details |
|---|---|
| Advanced Reconciliation | Consolidated reports for easy expense tracking |
| Customized Reports | Reports tailored to spending categories |
| Multi-Account Tracking | Monitor transactions across all accounts |
| Accounting Integration | Seamless integration with accounting systems |
| Detailed Analytics | In-depth insights for better decision-making |
With these features, the HDFC Corporate Platinum Credit Card simplifies expense management, helping you save time and reduce financial errors. The integration with accounting systems ensures smooth processing, making it an ideal choice for business owners seeking efficient financial management tools.
Conclusion
In conclusion, the HDFC Corporate Platinum Credit Card is a comprehensive solution for business owners seeking efficient expense management and travel benefits. With its robust reward system, cardholders can earn 3 reward points for every ₹150 spent, redeemable for cashback, vouchers, or travel miles. The card also offers 8 complimentary domestic airport lounge accesses annually, enhancing travel convenience.
Cardholders benefit from a transparent fee structure, including a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, and a 3.49% per month interest rate. Advanced corporate reporting and expense management features make it easier to track and control spending, while insurance coverage provides peace of mind.
With no joining or renewal fees and a 50-day interest-free credit period, this card is tailored for business needs. Its combination of travel perks, expense tracking, and financial tools makes it an ideal choice for managing corporate expenses efficiently. Consider the HDFC Corporate Platinum Credit Card for a seamless blend of benefits and convenience.
FAQ
How do I earn and redeem reward points on my HDFC Corporate Platinum Credit Card?
You earn reward points on every transaction. These points can be redeemed for travel, merchandise, or other benefits. The redemption process is straightforward and can be done online through the HDFC portal.
What are the charges for cash advances on my card?
Cash advances attract a 2.5% fee on the amount withdrawn, with a minimum charge of ₹500. This fee is applicable per statement cycle and is added to your bill.
Do I need to pay a foreign currency transaction fee?
Yes, a 3.49% foreign currency transaction fee applies on international purchases. This fee is charged on the converted amount and added to your statement.
Can I access airport lounges with my HDFC Corporate Platinum Credit Card?
Yes, your card offers airport lounge access, providing you with a comfortable experience while waiting for your flight. This benefit is available both domestically and internationally.
How much is the annual fee for the HDFC Corporate Platinum Credit Card?
The annual fee is ₹5,000 + taxes. This fee is waived if you meet the annual spending criteria of ₹5 lakh.
What is the interest rate on outstanding balances?
The interest rate ranges from 1.5% to 3.5% per month, depending on your payment history and card usage. It’s best to pay your balance in full to avoid interest charges.
Are there any benefits for fuel transactions?
Yes, you get a 1% fuel surcharge waiver on fuel transactions up to ₹4,000 per month. This waiver helps you save on fuel expenses.
Can I use my reward points to book travel?
Absolutely! Your reward points can be converted into airline miles or used to book travel through HDFC’s rewards catalog. This makes planning your trips more convenient.
What happens if I miss a payment?
A late payment fee of ₹500 to ₹1,300 may be charged, depending on your outstanding amount. It’s important to pay on time to avoid penalties and maintain your credit score.
Is there a limit on the number of reward points I can earn?
No, there’s no cap on the number of reward points you can earn. The more you use your card, the more points you accumulate, which can be redeemed for various benefits.
How do I track my cash advances and fees?
All cash advances and associated fees are detailed in your monthly statement. You can also monitor your transactions online through the HDFC portal or mobile app.
