What are the Best Business Credit Cards in India?

If you are planning to get the best business credit cards in India? then this post is for you. Business credit cards offer a variety of benefits that can help businesses save money and earn rewards.

When choosing a business credit card, it is important to consider your spending habits and compare the interest rates, credit limits, and reward programs of different providers.

Types of Business Credit Cards in India

Business credit cards offer many advantages to cardholders in India. One of the main advantages is that they can help business owners better manage their finances and cash flow.

A business credit card also offers rewards and perks that can be used to save money on business expenses. Another advantage of business credit cards is that they can help build a business credit history, which can make it easier to get approved for loans and lines of credit in the future.

Disadvantages of Business Credit Cards

There are some drawbacks to using business credit cards as well. One of the main disadvantages is that business owners may be tempted to spend more than they can afford, which can lead to debt problems. Another disadvantage is that if a business owner misses payments or defaults on their card, it could damage their credit score as well as their business credit history.

Benefits of Business Credit Cards in India

One of the main benefits of using a business credit card is that many cards offer rewards programs. These programs can give you cash back, points, or miles for your spending.

For example, the SBI Platinum Corporate Credit Card offers 5% cash back on fuel, travel, and dining purchases. The HDFC Bank Business Credit Card gives 2 reward points for every Rs. 150 spent on the card. And the Axis Bank My Business Credit Card offers 1 mile for every Rs. 200 spent on the card.

Credit Limit and Interest Rates

Another benefit of using a business credit card is that you may be able to get a higher credit limit and lower interest rates than with a personal credit card. This can be helpful if you need to make large purchases for your business or if you carry a balance from month to month.

For example, the Citi Corporate Credit Card has a credit limit of up to Rs. 10 lakhs and an interest rate of 3% per month (36% APR).

Flexible Payment Options

Another benefit of using a business credit card is that you may have more flexible payment options than with a personal credit card. For example, some business credit cards allow you to pay your balance over time with no interest charges (if you pay in full within a certain period).

Others allow you to choose when you want to receive your billing statements (monthly, quarterly, etc.). And some even offer extended payment terms (up to 60 days) if you need more time to pay your bill.

Popular Business Credit Card Providers in India

SBI Platinum Corporate Credit Card

The SBI Platinum Corporate Credit Card is a popular business credit card in India that offers a variety of benefits and rewards to its users. This card’s key features include cashback on fuel and travel expenses, exclusive discounts at partner restaurants, and complimentary airport lounge access. The card also comes with a relatively low-interest rate and a high credit limit, making it a good choice for businesses that have high spending needs.

HDFC Bank Business Credit Card

HDFC Bank Business Credit Card is another popular option for businesses in India. This card offers several perks, such as 5% cash back on fuel purchases, discounts on office supplies, and free access to airport lounges.

It also has a relatively low-interest rate and a high credit limit. However, one downside of this card is that it does not offer as many rewards as some of the other business credit cards on this list.

Axis Bank My Business Credit Card

Axis Bank My Business Credit Card is another top choice for businesses in India. This card offers several benefits, including 5% cash back on fuel purchases, discounts at partner restaurants, and complimentary airport lounge access.

It also has a relatively low-interest rate and a high credit limit. However, one downside of this card is that it has an annual fee that is higher than some of the other business credit cards on this list.

ICICI Bank Business Advantage Black Credit Card

ICICI Bank Business Advantage Black Credit Card is another popular business credit card in India that offers several benefits to its users. This card’s key features include 5% cash back on fuel purchases, exclusive discounts at partner restaurants, and complimentary airport lounge access.

The card also comes with a relatively low-interest rate and a high credit limit; however, it does have an annual fee that is higher than some of the other business credit cards on this list.

Citi Corporate Credit Card

Best Business Credit Cards in India

Citi Corporate Credit Card is another top choice for businesses in India due to its wide range of benefits and rewards programs. This card’s key features include 5% cash back on fuel purchases, exclusive discounts at partner restaurants, and complimentary airport lounge access. The card also comes with a relatively low-interest rate; however, it has an annual fee that is higher than some other business credit cards on this list.

YES Prosperity Credit Card

Best Business Credit Cards in India

YES Bank has been one of the fastest-growing banks in India over the past few years. In line with its focus on providing world-class banking products and services, Yes Bank has also launched several credit cards that offer great benefits and rewards to cardholders.

One such credit card is the YES Prosperity Credit Card, which is specifically designed for small business owners and entrepreneurs.

Let’s take a look at some of the key features and benefits of this credit card:

1. Reward Points – The YES Prosperity Credit Card offers 2 reward points for every Rs. 100 spent on all purchases. These points can be redeemed for a wide range of exciting rewards, including travel, shopping, and dining vouchers.

2. Flexible Payment Options – Yes Bank provides several flexible payment options for cardholders, which makes it easy to pay off your credit card bill each month. You can choose to pay your bill in full or opt for the minimum amount due payment option. You can also set up automatic payments so that you never have to worry about missing a payment deadline.

3. Credit Limit and Interest Rate – The credit limit on the YES Prosperity Credit Card is Rs. 1 lakh, which is higher than most other business credit cards in India. The interest rate charged on this card is 3% per month, which is lower than the average rate charged by other banks.

4. Joining Fee and Annual Fee – There is no joining fee or annual fee applicable on the YES Prosperity Credit Card, which makes it an affordable option for small business owners and entrepreneurs who are looking to save on costs.

Virtual credit card in India

Best Business Credit Cards in India

Aspire

The Aspire credit card is a great option for those who want a virtual credit card in India. It offers a secure online application process and a low credit requirement, making it accessible for those who may not be able to qualify for other credit cards. The card also features a long 0% intro APR period and no annual fee, making it an excellent option for anyone looking to get out of debt quickly while still building their credit.

Additionally, Aspire offers a rewards program with cash back and other incentives, allowing customers to get more out of their purchases.

With the one and only Aspire Credit Card, apply from your phone and get it in just 5 minutes!

Amazing Benefits:

  • Scan any merchant’s QR code and pay later
  • Buy now and pay 4 EMIs later
  • Zero application fee, processing fee

With the one and only Aspire Credit Card, apply from your phone and get it in just 5 minutes!

Why you should apply from here:

✔ Fast processing ✔ Zero documents

Apply now to get your Aspire Credit Card

Lifetime free credit card

Best Business Credit Cards in India

The IDFC First Bank Credit Card

The IDFC First Bank Credit Card is a lifetime free credit card that comes with a wide range of features and benefits. Some of the key benefits of this card include:

Amazing benefits, offers and features:

You will get:

  • 10X Rewards that never expire
  • Interest-free ATM withdrawal (for 48 Days)
  • Discounts on shopping, dining, and movies

Why you should apply from here:

✔ 100% online process ✔ Minimal documentation

No annual fees:

This is probably the most important benefit of this card, as it means that you will never have to pay any annual fees for your credit card usage. This can save you a lot of money in the long run, as annual fees can add up over time.

Wide range of rewards and perks:

The IDFC First Bank Credit Card comes with a wide range of rewards and perks, which include cashback on all spends, discounts on fuel, travel and shopping, and much more. You can also earn reward points on your spending which can be redeemed for a wide variety of products and services.

Flexible repayment options:

This credit card offers flexible repayment options, which means that you can choose from a variety of repayment tenures depending on your convenience. This can help you in managing your finances better as you will have the flexibility to choose a repayment option that suits your needs the best.

High limit and low-interest rate:

The credit limit on this card is quite high, which gives you the financial flexibility to make big-ticket purchases without worrying about running out of credit. Additionally, the interest rate charged on this card is quite low, making it an ideal choice for that low-interest looking to save on interest payments.

How to Choose the Best Business Credit Card

When choosing a business credit card, it’s important to consider your spending habits. Do you tend to overspend on office supplies or travel?  Do you need a card with a large credit limit? Once you know how you’ll primarily use your card, you can compare features and benefits to find the best fit.

Evaluate the Reward Programs

Reward programs are one of the biggest advantages of business credit cards. Many cards offer points or cash back on purchases, and some even offer bonus rewards for spending in specific categories. When evaluating reward programs, pay attention to the earning potential and redemption options. You’ll also want to make sure the program is compatible with your business goals. For example, if you’re trying to reduce travel expenses, look for a card that offers rewards for travel purchases.

Compare Interest Rates and Credit Limits

Interest rates and credit limits are two important factors to consider when choosing a business credit card. Cards with higher interest rates may be more expensive to carry a balance on, while cards with lower credit limits may not be suitable for businesses that have high monthly expenses. To get the most value from your card, compare interest rates and credit limits before applying.

Conclusion

The best business credit card for your needs depends on your spending habits and the type of rewards you are looking for. Consider all of the factors before choosing a card so that you can get the most out of your business expenses.

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