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Locate BranchesThe Corporate Credit Card with Corporate Liability is an easy solution to all official travel and entertainment expenses. The Card allows for better control and visibility of transactions while offering a host of features and benefits. The Corporate Credit Card with Corporate Liability is issued after the credit assessment of the Corporate. You can find the detailed features and benefits of Axis Bank's Corporate Credit Card with Corporate Liability below.
Axis Bank's Corporate Card offers the best travel and expense management solution to corporates with global acceptance and customized solutions. Axis Bank Corporate Card comes with two liability options
Corporate Liability Corporate Cards are an effective way of managing travel policies and negotiating preferential terms with key suppliers. These cards are issued after credit assessment of the corporate; who in turn defines the limit on individual cards. The corporate bears the liability for the entire outstanding amount on the cards. The payment is made directly to the bank once a month instead of multiple payments to individual employees/suppliers. Exposure risk of the Corporate is mitigated by the fact that the card is a charge card wherein the full payment is to be made at the end of each month with no revolve allowed on the outstanding.
Individual Liability Cards based on the same lines as the personal credit cards are an effective way for the employees to keep their personal and official expenses separate while at the same time simplifying the reimbursement process. Individual employees are assessed for assignment of credit limit on each card and are solely liable for the payment of spends done on the card.
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Manage and control travel and entertainment expenses easily with assigned individual employee spending limits.
Keep track of expenditure and negotiate discounts with vendors, while managing employee compliance with corporate travel policies backed with vendor level organisational spend Management Information System.
Cards can be customised with fourth line embossing of the company’s name, for better association with employees.
Swipe your Axis Bank Corporate Card at petrol pumps to get 1% refund for Fuel transaction between ₹400 - ₹4000*.
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A unique online MIS provides the most current and accurate information on all transactions to aid better analysis and decision making. Features include:
Swipe your Axis Bank Corporate Card at petrol pumps to get 1% refund for Fuel transaction between ₹400 - ₹4000*.
*No Reward Points are earned on fuel transactions made using your Axis Bank Credit Card.
No refund is provided for GST charged on the surcharge.
A unique online MIS provides the most current and accurate information on all transactions to aid better analysis and decision making. Features include:
The Corporate Credit Card with Corporate Liability allows seamless tracking of every transaction, enabling corporates to manage their travel and entertainment expenses easily. To avail the benefits of the Corporate Credit Card with Corporate Liability, fulfil the eligibility criteria as mentiond below.
Fresh issuance of Axis Bank Corporate Card with Individual Liability has been discontinued.
Contents on this site are applicable only to existing Axis Bank Corporate Credit Cardholders (with Individual Liability).
The Bank continues to issue Corporate Cards with Corporate Liability
You will have to submit certain documents for Corporate Card with Corporate Liability. Here are the documents that you will need at the credit appraisal and post credit appraisal stages. Make sure that you submit the proper documents along with the application for a smooth and hassle free application process.
Documents for Corporate Liability:
For Credit Appraisal:
Post Credit Appraisal:
KYC of Individual Employees (PAN Card, Photo ID proof and address proof)
Documents for Individual Liability:
PAN/Form 60
Income Proof:
Residence proof:
Keep your documents ready
Axis Bank charges certain fees for Corporate Credit Card with Corporate Liability. Please refer to the table below for further details on the fees and charges.
Charges | Corporate | |
---|---|---|
Corporate Liability | Individual Liability | |
Standard Joining Fee | As agreed with company | As agreed with company |
Standard Annual Fee | As agreed with company | As agreed with company |
Standard Add-on Card Joining Fee | NA | Nil |
Standard Add-on Card Annual Fee | NA | Nil |
Finance Charges (Retail Purchases) | NA | 2.95% Per month (41.75% per annum) |
Fee for Cash Payment | Nil | Rs. 100 |
Card Replacement (lost or stolen or re-issue) | Nil | Nil |
Emergency Card Replacement Fee when overseas (through VISA) | As per VISA Global Customer Assistance Services(GCAS) | As per VISA Global Customer Assistance Services(GCAS) |
Duplicate Statement Fee | Waived | Waived |
Overdue Penalty or Late Payment Fee | 3% of the total amount due(Min. Rs. 350) | Rs. 300 if Total Payment Due is up to Rs. 2000 |
Rs. 400 if Total Payment Due is between Rs. 2001 - Rs. 5000 | ||
Rs. 600 if Total Payment Due is Rs. 5001 or more | ||
Over Limit Penalty | Nil | Nil |
Charge slip Retrieval Fee or Copy Request Fee | Waived | Waived |
Outstation Cheque Fee | Waived | Waived |
Cheque return or dishonour Fee or Auto debit Reversal Bank A/c out of Funds | Rs. 100 | Rs. 100 |
Surcharge on purchase or cancellation of Railway Tickets | As prescribed by IRCTC/Indian Railways | As prescribed by IRCTC/Indian Railways |
Fuel Transaction Surcharge | 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs. 4000) | 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs. 4000) |
Foreign Currency Transaction Fee | 3.5% of the transaction value | 3.5% of the transaction value |
Mobile Alerts for Transactions | Waived | Waived |
Hot listing Charges | Nil | Nil |
Balance Enquiry Charges | Waived | Waived |
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