Axis Bank Corporate Credit Card | Eligibility | Apply Online

Axis Bank Corporate Credit Card Eligibility – Details on Fees & Charges, How to apply, Offers, Reward Points, Privileges and Additional Benefits on Corporate Credit Card.

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Axis Bank’s Corporate Card offers the best travel and expense management solution to corporates with global acceptance and customized solutions powered by VISA.
Axis Bank Corporate Card comes with two liability options:
Corporate Liability: 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: 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.
Benefits for Corporate

  • Streamlining Payments
  • Keeping track of costs
  • Get a better deal
  • 4th Line Embossing
  • Savings through Online Bookings

Benefits for the Cardholder

  • Petrol Surcharge Refund
  • PlusPoints
  • Protection through insurance
  • VIS (Visa information source)
  • A unique Online MIS

Documents that need to be submitted for Corporate Liability

  • For Credit Appraisal
    • MOA/AOA
    • Audited annual Reports and Profit & Loss Statement for last two years
    • Corporate Pan card
  • Post Credit Appraisal
    • Agreement
    • Board Resolution
    • Corporate Application Form
  • KYC of Individual Employees (PAN Card, Photo ID proof and address proof)

Documents that need to be submitted for Individual Liability

  • PAN/Form 60
  • Income Proof- salary pay slip (latest 2 months)/Form 16/ ITR (P.Y)/Salary Certificate/Offer Letter/ Appointment letter.
  • Residence proof: Passport or driving licence or ration card or electricity bill or land line telephone bill.
ChargesCorporate
Corporate LiabilityIndividual Liability
Standard Joining FeeAs agreed with companyAs agreed with company
Standard Annual FeeAs agreed with companyAs agreed with company
Standard Add-on Card Joining FeeNANil
Standard Add-on Card Annual FeeNANil
Finance Charges (Retail Purchases & Cash)NA2.95% Per month (41.75% per annum)
Cash Withdrawal Fees2.5% (Min. Rs 250) of the Cash Amount2.5% (Min. Rs 250) of the Cash Amount
Fee for Cash PaymentNilRs. 50/-
Card Replacement (lost or stolen or re-issue)NilNil
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 FeeWaivedWaived
Overdue Penalty or Late Payment Fee3% 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 Penalty3% of the Overlimit Amount (Min Rs. 300)3% of the Overlimit Amount (Min Rs. 500)
Chargeslip Retrieval Fee or Copy Request FeeRs 200Rs 200
Outstation Cheque FeeWaivedWaived
Cheque return or dishonour Fee or Autodebit Reversal Bank A/c out of FundsRs. 300Rs. 300
Surcharge on purchase or cancellation of Railway TicketsAs prescribed by IRCTC/Indian RailwaysAs prescribed by IRCTC/Indian Railways
Petrol Transaction ChargeWaived (For a minimum transaction of Rs. 400 and a maximum of Rs. 4,000)Waived (For a minimum transaction of Rs. 400 and a maximum of Rs. 4,000)
Foreign Currency Transaction Fee3.5% of the transaction value3.5% of the transaction value
Mobile Alerts for TransactionsWaivedWaived
Hotlisting ChargesNilNil
Balance Enquiry ChargesWaivedWaived