Best Business & Corporate Credit Cards in India

Features & Benefits of Top Business Credit Cards

Business credit cards can offer benefits beyond regular rewards, including business-specific reward categories, travel privileges, lounge access, rewards on tax payments, expense management tools, and more. Given below are the features and benefits of the best business credit cards:

1. HDFC Biz Black Metal Edition Credit Card

Annual Fee: Rs. 10,000 + Taxes

Key Features & Benefits:

HDFC Biz Black Metal Edition Credit Card is designed for self-employed individuals with high business spending requirements. It is particularly suitable for consumers who spend significantly on GST and income tax payments, business travel, software, and other operational expenses. It suits business owners with high annual spends who can use its accelerated rewards, travel benefits, and milestone vouchers.

Also Read: HDFC Bank Biz First Credit Card

2.  HDFC Biz Power Credit Card

Annual Fee: Rs. 2,500 + Taxes

Key Features:

HDFC BizPower is designed for self-employed individuals looking for rewards on everyday business expenses along with travel and lifestyle benefits. It can be useful for small-business owners who spend on advertising, tax payments, business software, and travel. HDFC BizPower can be considered a business credit card for small business owners who want a relatively lower annual fee while earning rewards on operational expenses. It is also suitable for entrepreneurs who travel for business and can meet the applicable spending requirements for lounge access.

Also Read: HDFC Biz Grow Credit Card  

3. Axis Bank Business Supreme Master Credit Card

Annual Fee: Rs. 1,500 + Taxes

Key Features:

Axis Bank Business Supreme Master Credit Card is focused on business owners with significant marketing, advertising, and international expenses. Its reward structure makes it suitable for businesses that regularly spend on digital advertising and other business-related services. This card can be a suitable option for entrepreneurs, agencies, and businesses with high advertising or international spending. The accelerated reward rate on marketing and advertising makes it more targeted than a general-purpose business card.

Also Read: Axis Bank Corporate Credit Card

4. ICICI Bank Business Advantage Black Card

Annual Fee: Rs. 1,500 + Taxes

Key Features:

ICICI Bank Business Advantage Black is a cashback credit card that offers cashback on both domestic and international spends. It also provides business expense management and travel-related benefits. This card is suitable for business owners who prefer straightforward cashback over a complex reward structure. It can be considered by entrepreneurs looking for a relatively affordable card for regular business expenses.

Also Read: ICICI Corporate Credit Card

5.  YES First Business Credit Card

Annual Fee: Rs. 999 + Taxes

Key Features:

YES First Business Credit Card is designed for self-employed professionals and offers a combination of rewards, travel, and lifestyle benefits. It stands out for its relatively low annual fee, international lounge access, and 2% foreign currency markup. This credit card is a good business credit card for entrepreneurs who want travel benefits without paying a high annual fee. It can particularly benefit self-employed professionals who have regular domestic or international travel expenses.

6.  Kotak Biz Business Credit Card

Annual Fee: Rs. 499 + Taxes

Key Features:

Kotak Biz Business Credit Card is a low annual fee option for businesses looking for rewards on everyday business and travel-related expenses. It offers accelerated rewards across select categories including advertising, marketing, and travel. This card can be considered by small businesses and entrepreneurs looking for a low annual fee business credit card.

1. HDFC Biz Black Metal Edition Credit Card

Annual Fee: Rs. 10,000 + Applicable Taxes

HDFC Biz Black is a premium card designed to offer decent benefits for small businesses as well as new business needs. The card offers accelerated rewards, discounts and exclusive deals on business-related expenses. Besides this, unlimited complimentary lounge access and free memberships & vouchers add to the card’s overall value. Here are some of the key features and benefits of this top business credit card:

Key Features & Benefits:

Also Read: HDFC Bank Biz First Credit Card

2. HDFC Biz Power Credit Card

Annual Fee: Rs. 2,500 + Applicable Taxes

HDFC BizPower Credit Card is a business credit card offering accelerated rewards and other benefits on business-related expenses. Cardholders can earn rewards on every business spend, such as tax payments, bill payments, Google Ads and more, and redeem them against multiple categories. Besides this, cardholders can also save on their business travel expenses like flights and hotel bookings through direct discounts via MMT MyBiz. Some of the major benefits of this HDFC business card are listed below:

Key Features & Benefits:

Also Read: HDFC Biz Grow Credit Card 

3. Axis Bank Business Supreme Master Credit Card

Annual Fee: Rs. 1,500 + Applicable Taxes

Axis Bank Business Supreme Master Credit Card primarily targets marketing and advertising business spends. Additionally, benefits like complimentary lounge access and 2X rewards on international spends make this card a suitable option for business travel expenses. Given below are some of the major features and benefits offered by this business credit card:

Key Features & Benefits:

Also Read: Axis Bank Corporate Credit Card

4. ICICI Bank Business Advantage Black Card

Annual Fee: Rs. 1,500 + Applicable Taxes

ICICI Bank Business Advantage Black is a business card offering up to 1% cashback on domestic as well as international spends. This card works differently by offering cashback as per your statement balance. Besides cashback, the card offers complimentary domestic lounge access, joining & annual fee waivers, insurance benefits and a fuel surcharge waiver. Below mentioned are some of the major benefits of this credit card:

Key Features & Benefits:

Also Read: ICICI Corporate Credit Card

5. YES First Business Credit Card

Annual Fee: Rs. 999 + Applicable Taxes

YES First Business Credit Card offers accelerated reward points on major categories, such as travel, dining, hotels and more. Cardholders can redeem the accumulated reward points across multiple categories as per their requirements. Additionally, travel benefits like a low forex markup and complimentary lounge access worldwide make this a suitable option for travel expenses for small businesses. Listed below are some of the key features and benefits of this best business credit card:

Key Features & Benefits:

• Low forex markup fee of 1.75%
• Up to 16 reward points per Rs. 200 spent
• Exclusive offers on travel, dining, business expenses and more
• 20,000 reward points on annual spends of Rs. 12 Lakh
• 6 complimentary international lounge visits per year
• 8 complimentary domestic lounge visits every year
• 1 golf lesson every month and 4 additional sessions with green fee waiver at select golf courses in India

6. Kotak Biz Business Credit Card

Annual Fee: Rs. 499 + Applicable Taxes

Kotak Biz Business Credit Card is a rewards-focused card offering accelerated rewards on business spends like marketing and advertising. Cardholders can also save on their business travel expenses by earning 4X rewards on spends at travel & tour operators, domestic airlines, hotels, motels & resorts. Some of the major features and benefits of this top business credit card are listed below:

Key Features & Benefits:

• 4 reward points per Rs. 100 spent on travel & tour operators, domestic airlines, direct marketing, advertising services, super market, hotels, motels & resorts
• 1 reward point per Rs. 100 spent on other categories
• Exclusive benefits for the purchase of software, tax filling via Biz Launchpad
• 1 complimentary domestic airport lounge visit per quarter
• 1% fuel and up to 2.5% railway transaction surcharge waiver
• Insurance benefits of up to Rs. 50,000

The following are some of the other business and corporate credit cards available in India, apart from the cards mentioned above:

Business and corporate credit cards can broadly be classified based on the liability structure and who is responsible for repayment of the outstanding amount. The two common types are individual liability cards and corporate liability cards.

Individual Liability Cards

Under an individual liability arrangement, the cardholder is responsible for repaying the outstanding balance on the card. These cards are generally suitable for business owners, entrepreneurs, sole proprietors, and self-employed professionals who use the card for business-related expenses.

The cardholder may be required to make the payment directly to the card issuer and is personally liable for the dues. The eligibility assessment may also consider the individual's income, credit history, and business profile.

Corporate Liability Cards

Under a corporate liability arrangement, the company or organisation is responsible for repayment of the card dues. These cards are generally issued to employees for business-related expenses, while the organisation manages the overall card programme and payments.

Corporate liability cards may offer features such as employee cards, predefined spending limits, expense tracking, transaction reporting and centralised expense management. They are generally more suitable for established companies that need to manage business expenses across multiple employees.

Business credit cards are generally available to business owners, entrepreneurs, self-employed professionals, and eligible companies. The exact eligibility criteria vary across issuers and cards.

Depending on the card, applicants may need to meet criteria related to age, income, business vintage, credit history, and annual turnover or ITR. Banks may also ask for business-related documents such as ITR, GST returns, bank statements, or proof of business.

For example, HDFC Biz Black requires applicants to be self-employed Indian citizens aged 21 to 65 years with an annual ITR above Rs. 30 Lakh. YES First Business, on the other hand, is available to self-employed applicants aged 21 to 70 years with a minimum ITR of Rs. 10 Lakh.

Therefore, applicants should check the specific eligibility requirements before applying.

You can apply for a business credit card online by following these steps:

1. Compare the eligibility criteria, income, and documentation requirements of the card
2. Compare annual fees, reward rates, cashback, travel perks, lounge access, and other benefits
3. Choose a card based on your business spending pattern and requirements
4. Provide the required personal and business details and upload the requested documents
5. The issuer may verify your income, business details, and credit profile before processing the application
6. Once approved, the card will be issued and delivered to the registered address as per the issuer's process