Best Business Credit Cards in India

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A business credit card is like a special card for business expenses, not for personal use. It helps businesses manage their spending and offers various benefits. Many banks provide business credit cards with different advantages. We've listed some here to make it easier for you to pick the one that suits your needs.

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Top 7 Business Credit Cards in India

Business Credit Card Annual Fee Key Feature
HDFC Business MoneyBack Credit Card Rs.1000 5% Cashback on Telecom, Electricity, Government/Tax, Railway, Hotels & Dining and Taxi
ICICI Bank Business Advantage Black Credit Card Rs.1000 Cashback on your business expenses
SBI Platinum Corporate Credit Card Nil Zero joining and annual fee
Yes Prosperity Business Credit Card Rs. 2,499 10,000 Reward Points on your first transaction done within 30 days
Citi® Corporate Credit Card Communicated at the time of sourcing Benefit from streamlined travel and entertainment expense
Axis Bank My Business Credit Card Rs. 499 eDGE loyalty reward points for transactions and 500+ rewards and offers to redeem points
Kotak Corporate Gold Credit Card Rs.1000 Higher reward point earnings (points can be redeemed every quarter)
Find The Credit Card With The Best Benefits for You

1. HDFC Business MoneyBack Credit Card

Features and Benefits
  • Get a free one-year Zomato Gold membership.
  • Enjoy 5% cashback on expenses like telecom, electricity, government/tax payments, railway, hotels, dining, and taxi rides. Explore other cashback credit cards in India.
  • Earn 5 times the reward points on fuel, up to 1000 rewards per month (valid only for the first year).
  • Receive 2,500 credit card reward points when you spend Rs. 1.8 lakh or more annually in each anniversary year.
  • Earn 4 reward points for every Rs. 150 spent on online purchases and 2 reward points for every Rs. 150 on other expenses (excluding fuel).
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2. ICICI Bank Business Advantage Black Credit Card

Features and Benefits
  • Get up to 1% cashback on eligible spends both within the country and internationally, applicable only on airline, hotel, and restaurant expenses.
  • Save 1% on fuel surcharge, based on an assumed monthly spend of Rs 5,000 at HPCL petrol pumps.
  • Have your joining fee waived by spending Rs 75,000 or more within the first 60 days.
  • Enjoy an annual fee waiver by spending Rs 7,50,000 or more during the anniversary year.
  • Benefit from personal air accident death insurance coverage of up to Rs 75 lakh.
Suggested Read : Best Credit Cards for Airport Lounge Access| Check Eligibility for Top Cards

3. SBI Platinum Corporate Credit Card

Features and Benefits
  • Access over 38 million outlets globally, including 3 million in India, with your SBI Corporate Card.
  • Utilize the Visa Intellilink spend management tool to effectively track and control your organization's expenses.
  • Enjoy a complimentary insurance cover provided with your SBI Corporate Card.
  • Take advantage of an interest-free credit period ranging from 20 to 50 days.
  • Conveniently replace your card from anywhere in the world when necessary.
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4. Yes Prosperity Business Credit Card

Features and Benefits
  • Make your first transaction within 30 days and receive 10,000 Reward Points.
  • Enjoy a renewal benefit of 7,500 Reward Points with each renewal.
  • Earn 4 Reward Points for every Rs.100 spent on Travel Agencies & Tour Operators, Domestic Airlines, and Dining. Additionally, get 2 Reward Points for every Rs.100 spent on all other categories.
  • Receive a comprehensive insurance package, including a 50 Lakh Air Accidental cover in case of death due to a flight accident and a 15 Lakh cover for medical emergencies while traveling overseas.
  • Take advantage of a 1% fuel surcharge waiver at fuel stations across India.
Suggested Read : Best Rewards Credit Cards in India| Check Eligibility for Top Cards

5. Citi® Corporate Credit Card

Features and Benefits
  • Enjoy complimentary access to domestic airport lounges.
  • Earn 2 reward points with every Rs.125 spent.
  • Save up to 15% on dining at various participating restaurants.
  • Enjoy a 1% fuel surcharge discount on fuel purchases at authorized IndianOil outlets.
  • Enjoy a 1% fuel surcharge discount on fuel purchases at authorized IndianOil outlets. Simplify travel and entertainment expense reporting with the T&E spend management tool, gaining strategic advantages through process automation.
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6. Axis Bank My Business Credit Card

Features and Benefits
  • Enjoy 2 complimentary airport lounge visits every quarter (2 times in 3 months).
  • Withdraw cash up to 30% of your credit limit from over 1 million Visa ATMs.
  • Avail a 1% fuel surcharge waiver on all fuel transactions in India.
  • Earn 4 eDGE points on every Rs.200 spent, with an additional 100 points on the first online transaction.
  • Convert significant credit purchases into EMIs by contacting the bank for transactions over Rs.2,500.
Suggested Read : Best Dining Credit Cards in India| Check Eligibility for Top Cards

7. Kotak Corporate Gold Credit Card

Features and Benefits
  • Enjoy a fuel surcharge waiver for transactions ranging from Rs. 500 to Rs. 3,000.
  • Benefit from an interest-free credit period of up to 48 days.
  • Keep track of employee spends with vendor-wise tracking.
  • Redeem reward points easily by calling the customer care helpline.
  • Cash rebates for redeemed points will be provided every quarter via demand draft.
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Table of Contents
Eligibility and Documentation
Reasons to opt a Business Credit Card
How to Apply?
FAQs

Business Credit Cards- Eligibility and Documents Required

To Apply for a business credit card, there are specific conditions you need to meet. Here are the basic requirements:

Age Applicant should be at least 21 years old and not more than 70 years old
Nationality Should be a Resident Indian
Profession Should be a self-employed professional, proprietor or a partner in a partnership firm

Documents Required

You have to give some documents to confirm the info in your application. Business credit cards can be in the name of your organization or a member. You need to submit just one document from each category, and here are the financial documents that work:

Identity and Signature Proof Passport, PAN card, Driving License, Voter ID card, Aadhaar card, employee identity card in case of government employees
Address Proof Passport, PAN card, Driving License, Voter ID card, Aadhaar card, employee identity card in case of government employees
Age Proof Voter ID card, Secondary School Certificate (class 10th), birth certificate, Passport, Aadhaar Card, pension payment order or Receipt of LIC policy
Income proof for Salaried Individuals Latest 3 months’ salary slips, Salary account bank statement for six months
Income proof for Self-employed businessmen/professionals Latest IT Returns with computation of income and other certified financial documents along with business continuity proof
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Reasons why you must take a Business Credit Card

1. Builds a Good Credit History: Owning a business credit card is a great way to show your business is good at handling money. 2. Gives You Access to Credit: Having a special card just for business lets you buy more things by borrowing money. 3. Easy to Keep Things Separate: If your business is a company, it's important to keep business money and personal money apart. A business credit card makes this easy. 4. Control Over Employee Spending: When you give your employees business credit cards, you can watch and control how much they spend. 5. Access to More Tools and Services: Your business credit card can give you access to cool tools and services that help your business, like better ways to track your money.

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How to Apply for a Business Credit Card?

You can apply for a Business Credit Card either online or offline.

Steps to apply online:

1. Go to the official bank website. 2. Fill in basic details like your name, email, phone number, income, and address. 3. A bank representative will call you to guide you through the process. 4. They'll arrange to collect your documents from your home. 5. The bank will review your documents, and if everything is okay, they'll issue the credit card.

Steps to apply offline:

1.Visit the nearest bank branch. 2.Ask about the Business Credit Card options. 3.The bank representative will discuss suitable card choices. 4.Fill out an application form and provide documents like ID, address proof, income proof, and photos. 5.The bank will process your application and issue the credit card if everything checks out.

Frequently Asked Questions (FAQs)

1. What credit score is needed for a business credit card?

To get approved for most business credit cards, you usually need to have a good to excellent credit score. Good credit is typically considered to be 700 and above, while an excellent score is 800 or more. However, there are some business credit cards designed for small business owners with fair credit, which falls in the range of 640 to 699.

2. Can anyone get a business credit card?

You don't have to be running a big corporation, but you should be able to identify some form of business, even if it involves one person.

3. Do business credit cards check personal credit?

When you apply for a business credit card, the company might check how well your business has been doing and also look at your personal credit. This check on your personal credit could make your credit scores go down a bit.

4. How long does it take to get a business credit card?

It usually takes about 7-10 business days to receive a new credit card once your application is approved. So, from the time you submit your application, it typically takes 14-24 business days to get your credit card. If you're approved right away, the process might be quicker.

5. What’s the difference between business credit cards and personal credit cards?

Business credit cards and personal credit cards are similar, offering bonus points and rewards. But, there are some differences in how they are regulated, and they may have different terms. Business credit cards are made for businesses and often come with free access to useful tools.

6. Is it hard to get a business credit card?

Usually, you need a good or excellent personal credit score to get an unsecured business credit card. If you're just starting and have no credit, you might have to begin with a personal credit card, build your credit score, and then apply for a business credit card.

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