Different credit cards are designed to serve you in a different way.  The selection of your credit card should be depended on the usage of your credit card. There are separate segments of credit cards for different uses such as- lifestyle, fuel, cash back, travel etc. In the same way, you can get special credits card to use only for the business purpose, which is known as a Business Credit Card.

A business credit card in one of the best ways to make smart management of money in your business. If you own a small business or have a new startup, it may be a good idea to use a business credit card. Keeping your business account separated from the personal account is always appreciated as it allows you to manage your money well as help you to get better legal protection.  Along with the same, the usage of a business credit card can make you get hefty reward points for each expense through the credit card.

How can I Make My Credit Card a Helpful One?

If you are planning to own a business credit card, you may find a number of banks are offering business credit cards. In order to find out the credit card which is best for your need, you need to know all the features, benefits and eligibility criteria. Here is a brief guide on selecting the right business credit card for your business.

Benefits of Using a Business Credit Card

Tracking Expenses

The use of a credit card in a business transaction makes you trace every penny you use in your business. You will be able to check your transactions any time you want which leaves no space for confusions.

Keeps the Burden Light

The business credit card helps you in purchasing expensive items for business as the credit limit is always higher. As there is no fixed time to repay the credit, you can make the repayment according to your convenience.

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Reward Points

Along with all other benefits, credit card usage makes you get attractive benefits on each time you make a transaction. As the transaction of money is always more in businesses, so will be your reward points. None other transaction modes will make you earn reward points for making payments in your business.


When payments are big, security becomes a great concern. The payments through credit cards are one of the safest modes of making payments. The risk of cash payment or net banking can be avoided if you use credit cards for your business payments.

Online Transaction

Just like swiping cards for transactions, you can also make online transactions on your credit card. The online transactions are as safe as the card swiping. The online portal of the card provider helps you with any of the doubts regarding the card transaction.

Documents Checklist for Business Credit Cards

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While applying for a business credit card, one has to submit the personal documents as well as business documents. Different organisations may ask different documents according to their need. The document may differ depending on the kind of business you own. Here is the list of some common documents which are required for applying for a business credit card

  • Identity Proof
  • Age Proof
  • Residential Address Proof
  • Income Proof, generally profit & loss account and balance sheet
  • Trade License
  • MOA in the case of the ownership pattern is more than one.

Best Business Credit Cards in India

SBI Platinum Corporate Credit Card

SBI Business Loan Credit Card

Features and Benefits

  • Zero joining fee and annual fee.
  • An interest-free period of 20-25 days.
  • Free insurance of the credit card
  • Accepted at 24 million outlets across the globe including 3,25,000 outlets in India.
  • Free insurance against frauds by employees of the business.

Business MoneyBack Credit Card – HDFC Bank

HDFC Bank Business Credit Card

Features and Benefits

  • 2 Reward Points for every Rs. 150.
  • The rewards can be redeemed as cash back (100 Reward Points = Rs. 40).
  • 3X reward points very Rs. 150 spent on Air, Travel, Hotel bookings, Dining & eCommerce spends.
  • Free access to airport lounges at various domestic airports
  • Fuel Surcharge Waiver on all fuel transactions between Rs. 400 to Rs. 5000.
  • First 50 days are interest-free

My Business Credit Card – Axis Bank

Axis Bank Business Credit Card

Features and Benefits

  • 20% cashback on base fare flight ticket bookings.
  • No annual fee for the 1st year and Rs 499 from 2nd year onwards.
  • 2.5% surcharge refund on your fuel transactions at all petrol pumps across India.
  • 30% of your credit limit can be withdrawn from over 1 million Visa ATMs around the world.
  • Joining fee is Rs 999.

ICICI Bank Corporate Card Solution

ICICI Business Credit Card

Features and Benefits

  • 50 days of interest-free credit
  • Features that control over employee spending
  • Online e-statement on spends breakup card accounts
  • Dedicated relationship manager
  • Two billing dates to choose the preferred one

Who Can Apply for a Business Credit Card?

The business credit card is designed exclusively for business persons and hence only the business persons in India can avail a business credit card. There are some conditions which have to be met which ensure the business credit card with special features. The annual turnover of the business decides the credit limit of the business credit card.