Best Business Credit Cards in India

We all know what all businessmen want. They want profits, savings, and convenience. And for that, what can be better than a credit card? 

See, there are no two ways of saying that credit cards are a fantastic package of various perks and benefits, but they become more attractive and better when they are best suited for our needs. To specifically suit the needs of a businessman, today we will discuss a different class of credit cards and talk about some of the best business credit cards. 

But first, let's discuss what business credit cards are and their benefits.

What is a Business Credit Card?

Business credit cards are intended for the use of businesses rather than for individuals. Any size of business can use these credit cards and can keep the expenses of their business separate from their own expenses.

These cards come with a number of perks like:

• Separates personal and business finance
• Increases the cash flow of the business by giving a new line of credit
• Builds company credit
• Offers rewards, cash back, discounts, and other perks

• Monitors employee's spending

Best Business Credit Cards

1. American Express Platinum Corporate Credit Card

The American Express Platinum Corporate Card is a premium business card that offers a host of benefits to meet the needs of those who want excellent service at home and when they travel. The card offers:

• Complimentary membership in the Taj Epicure programme, access to dining privileges, a variety of discounts on luxurious stays at renowned hotels and more
• Complimentary benefits at more than 1300 outstanding hotels and resorts throughout the world with a combined average value of ₹44,300
• 1 point on every ₹40 spent on all your business expenses except for fuel, utility, telecommunication, wholesale spends and insurance, on which you earn 1 point per ₹100 spent
• $50,000 in overseas medical insurance and ₹5 crore in air accident insurance coverage.
• Zero lost card liability if the loss of the card is reported within 3 days
• Up to 31 December 2023, there is a limited-time deal that allows you to receive either an Amazon Pay Gift Card or a Taj gift voucher worth ₹29,000 or ₹25,000

The American Express Platinum Corporate Card has no joining fee and an annual fee of ₹29,000. 

Some of the basic requirements to apply for this card include:

• The applicant must be at least 21 years old.
• The applicant should have a business with a stable income.

2. Paytm HDFC Bank Business Credit Card

The Paytm HDFC Bank Business Credit Card is a co-branded card by HDFC Bank in partnership with Paytm made exclusively for Paytm customers. The card offers:

• 3% cashback on purchases on Paytm [Recharge + Utility + Movies + Mini App]. The maximum benefit is capped at ₹500 per month
• 2% cashback on all other select Paytm spends with maximum benefit capped at ₹500 per month
• 1% cashback on all other retail spends with maximum benefit capped at ₹1000 per month 
• Zero cost liability if you lose your card
• Fuel surcharge waiver of 1% on transaction amount refunded for fuel transactions between ₹400 and ₹5000 (max. ₹200 per statement cycle)

The Paytm HDFC Bank Business Credit Card has a joining fee of ₹500 and an annual fee of ₹500 (first-year fee waived off on spends of ₹30,000 in the first 90 days, and annual renewal waived off on spending ₹50,000 in a year).

3. HDFC Bank Business Regalia Credit Card

The HDFC Bank Business Regalia Credit Card is a premium business credit card that offers a range of discounts on indulgent stays at iconic hotels, dining privileges and more. The card also offers:

• 4 reward points on every ₹150 spent on all retail spend, excluding wallet, EMI and fuel
• Bonus 10,000 reward points on ₹5 lakh spent and an additional 5,000 reward points on ₹8 lakh spent in an anniversary year
• 12 complimentary airport lounge access within India and 6 outside India
• 5% monthly cashback on business essential spends like electricity bills, telephone & internet bills, and government & tax payments (maximum cashback of ₹500 per statement on minimum monthly spends of ₹20,000. Applicable only in 1st year)
• Pre-approved instant loans and cash withdrawal facility on your business credit card

The HDFC Bank Business Regalia Credit Card has a joining fee of ₹2,500 and an annual fee of ₹2,500 (waived off on annual spending of ₹3 lakh). 

To apply for this card, you need to have an annual ITR of at least ₹12 lakh, and if you are self-employed, then you must be aged between 18 and 65 years.

4. Axis Bank Executive Corporate Credit Card

The Axis Bank Executive Corporate Credit Card is a business card that offers a collection of fine privileges and extraordinary benefits across travel and business along with fabulous rewards and an exceptional level of service. The card offers:

• 3 complimentary VIP Assistance Services in a calendar year where you get greeted at the airport at the scheduled time and place
• All Executive Cardholders can book up to 4 complimentary golf rounds/lessons in a year
• Complimentary 8 visits to 1100+ airport lounges across the globe in a calendar year
• Complimentary 4 visits to airports in India per quarter
• Get 4 reward points on domestic spends of ₹200 and 8 reward points on international spends of ₹200
• Lowest foreign currency markup of 2%
• Cardholders can receive a 1% refund on fuel surcharges between ₹400 and ₹4,000, with a maximum refund of ₹400 per statement cycle.

The Axis Bank Executive Corporate Credit Card has a joining fee of ₹3,500 and an annual fee of ₹3,500.

Some of the basic requirements to apply for this card include:

• The applicant must be at least 21 years old.
• The applicant should have a business with a stable income.
• The applicant's credit score and their business credit score may also be a crucial factor to consider.

5. SBI Signature Corporate Credit Card

The SBI Signature Corporate Card is a business card that offers unmatched privileges and rewards for your business and personal needs. The card offers:

• 2 complimentary visits per quarter to the airport lounge
• Zero lost card liability
• Insurance Benefits:
  • Baggage loss: ₹75,000
  • Baggage delay: ₹7,500
  • Loss of passport (only international): ₹12,500
  • Flight delay: ₹15,000
  • Air accidental death: ₹1 crore

The SBI Signature Corporate Card has zero joining fee and an annual fee of ₹500. 

Some of the basic requirements to apply for this card include:

• The applicant must be aged between 21 and 70 years.
• The applicant should have a business with a stable income.
• The applicant's credit score and their business credit score may also be a crucial factor to consider.

Conclusion

To sum up, business credit cards are a great way to manage your business expenses, improve cash flow, build company credit, and earn rewards and benefits. Whether you are a small business owner or a large corporation, there is a business credit card that suits your needs and preferences. We have listed some of the best business credit cards in India that offer various perks like discounts, cashback, lounge access, travel insurance, and more. You can compare these cards and choose the one that best fits your business goals and budget.