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Corporate Card with Individual Liability
Axis Bank Corporate Card with Individual Liability provides customers with a one stop solution for official expenses for travel and entertainment. The card provides for better visibility and control over your official expenses along with a choice of liability. You can either opt for corporate or individual liability. The corporate card with individual liability comes with a fourth line embossing of the company's name, complimentary lounge access at select airports in India and has a unique management information system to help keep track of every transaction.
Features & Benefits
Axis Bank's Corporate Card offers the best travel and expense management solution to corporates with global acceptance and customised solutions.
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.
Lounge access
Avail exclusive airport lounge access at select airports in India. For mastercard users, click here and for Visa users, click here.
Track expenses and stay in control
Manage and control travel and entertainment expenses easily with assigned individual employee spending limits.
Get detailed transaction information:
- Keep track of expenditure and negotiate discounts with vendors, while managing employee compliance with
Customise the card
Cards can be customised with fourth line embossing of the company’s name, for better association with employees.
Fuel transaction surcharge
- Swipe your Axis Bank Corporate Card at petrol pumps to get 1% refund for fuel transaction between ₹400 - ₹4000*.
Insurance benefits
- Various insurance types available click here
- To know complete details of how to raise an insurance claim Click here.
Avail benefits of a unique Management Information System (MIS)
A unique online MIS provides the most current and accurate information on all transactions to aid better analysis and decision making. Features include:
Read More
Corporate Liability:
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:
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.
Get detailed transaction information:
corporate travel policies backed with vendor level organisational spend management information system.
Earn loyalty reward points
Fuel transaction surcharge
corporate travel policies backed with vendor level organisational spend management information system.
Insurance benefits
corporate travel policies backed with vendor level organisational spend management information system.
Avail benefits of a unique Management Information System (MIS)
Eligibility for Corporate Card with Individual Liability
Documentation for Corporate Card with Individual Liability
Fees & Charges
Fees & Charges
There are a certain set of fees and charges applicable for the issuance of the corporate card with individual liability which include a standard joining fee and an annual fee among others. Please refer to the information provided below for further information.
| 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 |
| inance charges (retail purchases) | NA | 2.95% Per month (41.75% per annum) |
| Fee for cash payment | Nil | ₹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. ₹350) | ₹300 if total payment due is up to ₹2000 |
| ₹ 400 if total payment due is between ₹2001 - ₹5000 | ||
| ₹ 600 if total payment due is ₹5001 or more | ||
| Over limit penalty | 3% of the overlimit amount (min ₹300) | 3% of the overlimit amount (min ₹500) |
| Charge slip retrieval fee or copy request fee | ₹200 | ₹200 |
| Outstation cheque fee | Waived | Waived |
| Cheque return or dishonour fee or auto debit reversal bank A/c out of funds | ₹300 | ₹300 |
| 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 ₹400 and ₹4000) | 1% of transaction amount (Refunded for fuel transactions between ₹400 and ₹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 |
Important Links
Read on to know more about Card services, benefits, terms and conditions.
Terms & Conditions
Before applying for the corporate credit card with corporate liability, please go through the terms and conditions below.
- Please click here to view the schedule of charges.
- Please click here to view the terms and conditions.
- Please click here to view the card member agreement.
- Please click here to view the code of bank's commitment to customers.
- Please click here for details of terms conditions
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