SBI Platinum Corporate Credit Card

The State Bank of India (SBI) gives its customers the SBI Platinum Corporate Card, which grants them special benefits. With the help of the spend management application, individuals will be able to organise and track their costs.

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    SBI Platinum Corporate Credit Card
    • SBI Platinum Corporate Credit Card

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    Individuals can quickly access various card details thanks to the user-friendly interface, which saves time. The card comes with a complimentary insurance policy that covers the organization's liability in the event of any fraud.

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    Features and Benefits of SBI Platinum Corporate Credit Card

    Features

    Details

    Speed Analysis

    1. The spend management tool, known as Visa Intellilink, allows the organisation to analyse the spending pattern and helps in controlling the expenses in a better way. This will also help in avoiding budget cuts.
    2. The SBI cardholder has easy access to his/her expenses. This can help in avoiding breaches as well as to ensure that compliance is followed.
    3. Snapshots of key information can be taken with the help of the dashboard facility.
    4. Tracking facility is provided on a category-wise basis so that organisations can negotiate better terms and rates with suppliers and vendors.

    Replacement of card on an emergency basis

    1. The card can be replaced from anywhere in the world.
    2. The card will be replaced within 72 hours or sooner sometimes.
    3. No charges are levied for delivering the card.
    4. The process to receive the card is very convenient and simple. Individuals will need to call the SBI Card helpline or Visa GCAS helpline to replace the card.

    Cash disbursement on an emergency

    Within 24 hours, individuals will have access to cash in case of any emergencies.

    PIN and Chip benefits

    1. The security features that are provided with the card ensures that all transactions made abroad or in India are secure.
    2. The cards come with an embedded EMV chip and a personal identification number that must be entered by the cardholder for any transactions.
    3. Protection against counterfeit and frauds are provided by this feature.

    Priority Pass Program

    1. Individuals can easily become a part of the priority pass program by paying an annual fee of Rs.180 plus any taxes that are applicable.
    2. $27 plus applicable charges will be the usage fee that will be charged.
    3. Access is provided to over 600 airport lounges all over the world.

    Services on a 24X7 basis

    1. In case of any support or assistance, a dedicated team of Relationship Managers and Service Desk Executives are present.
    2. Emergency cash can be accessed all around the world.
    3. In case the card is stolen, it is very easy to block the card.

    Spend control

    1. Limit Control: Monthly, weekly, or daily limits can be set so that any spending can be within the prescribed limits.
    2. Category control: Individuals can restrict the usage of the card for the purposes of buying jewellery, spending in casinos, etc. This way, individuals can restrict card access to such merchants.

    Visa Lounge Access Program

    1. Customers using the SBI Platinum Corporate Card will be able to use the Visa Lounge Access programme at any of the participating airports. Individuals will, however, be required to provide both the card and the boarding permit in order to use these services.
    2. A maximum of 2 visits in a quarter is allowed for SBI cardholders.
    3. Apart from the 2 complimentary visits, unrestricted access is provided to the cardholder and any guests they are accompanied with. However, these visits will be chargeable.

    Insurance Cover

    The two types of insurance covers that are provided by SBI Platinum Credit Card are mentioned in the tables below:

    Travel Insurance

    Cover

    Details

    Travel Insurance

    1. The sum assured is Rs.50 lakhs in case baggage is lost.
    2. In case of loss of passport, the sum assured will be up to Rs.12,500.
    3. The sum assured will be up to Rs.7,500, in case there is a delay in baggage.
    4. The sum assured will be up to Rs.15,000 in case there is a flight delay.

    Lost card liability

    1. The sum assured will be up to Rs.3 lakh in case of any misuse of the card 48 hours before notification and 7 days after notification.
    2. Sum assured will be up to Rs.2 lakh in case of any fraud such as online frauds, skimming, and counterfeit.

    Air accidental death

    In case the ticket is purchased by using the SBI Platinum Corporate Credit Card, the sum assured will be Rs.50 lakh.

    Fraud Related Insurance

    Cover

    Details

    Corporate level cards

    Will be equal to the credit limit that is offered by the card. However, the maximum amount can be Rs.2 lakh.

    Individual level cards

    The cover can be a maximum of Rs.60 lakh as per corporate entity.

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    Fees and Charges for SBI Platinum Corporate Card

    The various fees and charges of the SBI Platinum Corporate Credit Card are mentioned in the table below:

    Type of fee

    Fee and charges

    Joining fee

    Nil

    Annual fee

    Nil

    Duration of interest-free credit

    20 days to 50 days

    Finance charges

    The monthly charges can be up to 3.35% from the date the transaction was made. The yearly charges can be up to 40.2%.

    Total amount that is payable

    The total outstanding amount that is due

    Cash limit

    Variable

    Free credit period

    Nil

    Finance charges

    The monthly charges can be up to 3.35% from the date the transaction was made. The yearly charges can be up to 40.2%.

    Withdrawal of cash

    1. SBI/Domestic ATMs: Up to 2.5% of the amount that has been withdrawn or Rs.450 per withdrawal.
    2. International ATMs: Up to 3% of the amount that has been withdrawn or Rs.450 per withdrawal.

    Overlimit fees

    Overlimit fees are not applicable in case of corporate credit cards.

    Late payment

    1. In case the amount is below or equal to Rs.200, no charges will be levied.
    2. In case the amount is above Rs.200 but below Rs.500, the penalty that will be levied is Rs.100.
    3. In case the amount is above Rs.500 but below Rs.1,000, the penalty that will be levied is Rs.400.
    4. In case the amount is above Rs.1,000 but below Rs.10,000, the penalty that will be levied is Rs.500.
    5. In case the amount is above Rs.10,000, the penalty that will be levied is Rs.750.

    Card replacement in case of emergencies

    Complimentary

    Transaction of foreign currency

    Up to 3.5%.

    Rewards redemption

    Rs.99

    Yearly reward fee

    Rs.300

    Yearly Priority Pass fee

    Rs.180

    Statement request

    In case the statement that has been requested is for more than 2 months, Rs.100 will be charged per statement.

    Priority Pass Lounge Access

    1. Charges per visit to any lounges in India and outside India is $27 plus any taxes that are applicable.
    2. In case the SBI cardholder takes any guests, the usage fee that will be charged is $27 plus any charges that are applicable.

    Customs duty payment

    2.25% of the transaction amount will be charged. However, the minimum charge will be Rs.75.

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    Eligibility Criteria for SBI Platinum Corporate Credit Card

    When assessing whether an individual is eligible for a credit card, the bank considers a variety of characteristics such as credit score, credit report, and annual income. The company for which an individual works also has an impact on whether or not the individual is qualified for a credit card. The ideal eligibility criteria for the credit card is mentioned below:

    1. The primary applicant's age must be between 18 years and 70 years, respectively.
    2. The individual must be an Indian citizen.
    3. In case there is an add-on applicant, he/she must be above 15 years old.

    Documents Required for SBI Platinum Corporate Card

    The documents that must be submitted when applying for an SBI Platinum Credit Card are mentioned below:

    1. Permanent Account Number (PAN) Card
    2. Identity Poof: Any of the below mentioned documents can be submitted as a proof of identity:
      1. Ration Card
      2. Passport
      3. Aadhaar Card
      4. Driving License
      5. Voters ID.
    3. Income Proof: Any of the below documents can be submitted as a proof of income:
      1. Salary certificate
      2. Salary slip
      3. Form 16
      4. Latest Income Tax Return Form
    1. Address Proof: Any of the below documents can be submitted as an address proof:
      1. Telephone bill
      2. Passport
      3. Electricity bill
      4. Bank passbook
      5. Aadhaar card
      6. Ration card
    1. Passport-size photograph

    Procedure to Apply for SBI Platinum Corporate Credit Card

    Individuals will be able to enquire about the SBI Platinum Corporate Credit Card on the official website of SBI. Various company details such as the name of the company, the company's turnover, the city, and the annual living and travel expenses of the individual must be entered.

    The individual must provide his/her contact details as well. Once all the details are submitted, the individual will be contacted by an SBI representative.

    FAQs on SBI Corporate Platinum Credit Card

    • Does the SBI Corporate Platinum Card offer any surcharge waiver for fuel transactions?

      SBI Corporate Platinum Card holders can get a maximum waiver of 2.5% on surcharge or a minimum amount of Rs 10, when they make fuel purchases for any amount ranging between Rs 500 and Rs 4000. The maximum surcharge waiver permitted for a single credit card account is Rs 250.

    • Can rewards points accrued on a SBI Corporate Platinum Card be converted to cash, credit or for paying any charges?

      No, accumulated rewards points cannot be converted into cash, credit and cannot be used to make payments towards transactions done using the SBI Corporate Platinum Card.

    • What should I do in case my SBI Corporate Platinum Card is stolen or lost?

      Customers should immediately contact the 24/7 SBI Credit Card Customer Care and report the loss of card. SBI would instantly block the card account to prevent any fraudulent usage.

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