Money in bank in 24 hours

Apply now

What is a corporate credit card and how to apply for one?

  • Highlights

  • A corporate card is designed for established companies

  • Corporates issue corp credit cards to employees

  • Employees use it to meet authorised business expenses

  • A corporate credit card is different from a business card

Issuers offer various types of credit cards that are targeted towards specific spends. A corporate credit card is one such card that is meant for corporate employees. Due to its name, you may confuse it with a business credit card; however, there is a thin line of difference that sets them apart.


What is a corporate credit card?

Unlike a business credit card, a corporate card is solely designed for established companies, which, in turn, offer the card to their employees. With this card, as an employee, you can pay for a range of business expenses from travel tickets to hotel stays, as authorised by your company.

Another factor that differentiates a corp credit card from a business card is the liability of debt repayment. While a repaying the dues of a business credit card is solely your responsibility, it is not the same in case of a corporate credit card. Here, the company has an option to choose from the following liability types.


  • Individual liability: You get the credit card bill and are also responsible to repay the dues. Thereafter, you ask your company to reimburse your expenses.

  • Corporate liability: You use the credit card, but the bill is sent to your company who is responsible for repayment.

  • Joint liability: Both, your company and you are responsible to repay the debt. Further, if you default on the debt, your credit score takes a hit


Top washing machines on easy EMIs

Benefits of a corporate card to employees

A corporate credit card offers the following advantages to an employee.

 
  • You don’t have to pay for business expenses from your pocket or using your personal credit card

  • You don’t have to collect receipts and bills to request reimbursement

  • Your funds are no longer blocked while you wait for reimbursement

  • Depending on the card, you access domestic and international airport lounges

  • Depending on the card, you can earn attractive reward points on transactions

  • You can enjoy other benefits like emergency loans, replacement of lost card, assistance in finding lost luggage and more

Benefits of a corporate card to corporates

  • A company can limit both, the overall spend and amount per transaction

  • A company can restrict the countries and merchants where your employee can use the card



  •  

How to apply for corporate credit card

As an employee, you don’t have to apply for a corporate credit card; it will generally be given to you by the company you work for.

As a company, you can apply for a corp credit card by following these easy steps.

 
  • Ensure you have a good credit score and repayment history

  • Visit the issuer’s nearest branch or login to its website

  • Compare and choose a suitable corporate credit card

  • Meet the eligibility criteria to get the corporate credit card

  • Fill out the application form and submit required documentation

In addition to a corporate credit card, if you are looking to avail a card for your personal use, consider applying for the Bajaj Finserv RBL Bank SuperCard. A feature-rich credit card, the SuperCard offers you various benefits and rewards that boost your finances. Take note of what’s on offer.

 
  • Up to 20,000 reward points on joining

  • Annual savings up to Rs.55,000

  • Attractive reward points on achieving milestones

  • Interest-free ATM cash withdrawals for 50 days

  • Interest-free emergency loan for 90 days

  • Many variants to suit your spending like the Doctor’s SuperCard, Platinum Plus SuperCard, Travel Easy SuperCard and more

  • Easy conversion of your purchases into EMIs via the EMI Network

  • Attractive discounts on booking movie tickets, fuel surcharge waivers, cashback and offers on Bajaj Finserv partner sellers online and offline, airport lounge access, more rewards points on international spends and more

Before applying for the feature-rich SuperCard, don’t forget to check your pre-approved offer from Bajaj Finserv to view a customised deal that gives instant approval. All you have to do is submit your name and contact number, and you are all set to leverage your finances using the SuperCard!

Pre-approved offer

Please enter your first name
Please enter your last name
Please enter 10 digit mobile number

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

How would you rate this article

 Please let us know why?

What did you dislike?

What did you dislike?

What did you like?

What did you like?

What did you like?

Next up

PRODUCT GUIDANCE

One Nation One Card: National Common Mobility Card and its benefits