INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).

🏛️State Bank of India (SBI Card)Network: Visa / MastercardBusiness & Corporate CardsLast Verified: 2026-09-28

SBI Corporate Card

एसबीआई कॉर्पोरेट कार्ड

Enterprise commercial credit card providing expense management, ERP integration, corporate liability waiver insurance, and detailed GST invoicing.

Annual FeeCustom Corporate Pricing (Typically Nil to ₹1,000/card based on corporate relationship agreement)

Reward RateCustomizable reward structure: 1 Reward Point per ₹100 or corporate rebate/volume cashback credited to company account.

Airport LoungeComplimentary domestic and international airport lounge access variants available (typically 2 visits/quarter on Executive/Signature tiers).

Forex Markup2.50% to 3.50% + GST based on master corporate contract.

What Is This Card

SBI Corporate Card is an enterprise-grade commercial credit card solution designed for registered companies, multinational corporations, and institutions. It enables financial controllers to streamline employee business travel, entertainment, and procurement while consolidating GST billing and automating expense reconciliation.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

Custom Corporate Pricing (Typically Nil to ₹1,000/card based on corporate relationship agreement)

Fee Waiver: Waived under master enterprise corporate billing and spend commitment agreements.

🎁Welcome Benefit

Dedicated corporate onboarding, automated expense reporting portal, and seamless ERP integration (SAP, Oracle).

⚡Reward Points Structure

Customizable reward structure: 1 Reward Point per ₹100 or corporate rebate/volume cashback credited to company account.

Redemption Value: Points redeemable by company for business travel, hotel bookings, or corporate statement credit.

🛫Airport & Railway Lounge Access

Complimentary domestic and international airport lounge access variants available (typically 2 visits/quarter on Executive/Signature tiers).

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Corporate Liability Waiver Insurance (CLWI) protecting enterprise against employee misuse up to ₹25 Lakhs per card. Travel insurance cover up to ₹1 Crore.

Fuel Surcharge: 1% fuel surcharge waiver for commercial fleet and employee business travel transactions.

🎯Milestone Spends & Grace Period

Milestones: Volume-based enterprise rebates and comprehensive GST input tax credit (ITC) reconciliation reports.

Interest-Free Period: Up to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Not available to individual retail applicants; requires corporate entity sponsorship and master agreement signing. Employee liability depends on corporate setup (Sole Corporate Liability vs Joint Liability).

Forex Markup Fee2.50% to 3.50% + GST based on master corporate contract.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher).

Finance Charges (Interest)Preferential enterprise rates: up to 3.35% per month (40.20% per annum) on revolving balances.

Late Payment SlabsTiered enterprise late payment charges as per master commercial agreement.

Reward Points ExpiryCorporate points validity governed by enterprise agreement.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel, cash withdrawals, and statutory penalty payments.

Eligibility Criteria

Registered corporate entities (Pvt Ltd, Public Ltd, Government Undertakings) with minimum annual turnover of ₹10 Crores and audited financials.

Age Requirement21 to 65 Years

Minimum IncomeEnterprise eligibility based on company audited turnover (₹10+ Crores)

CIBIL Score NoteCommercial bureau check (CIBIL CMR) of the corporate entity + retail check of designated authorized signatory.

SBI RelationshipCorporate banking relationship with SBI or dedicated corporate salary account agreement preferred.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/business or contact designated SBI Corporate Accounts Group manager.

2Check enterprise credit eligibility based on audited company balance sheets.

3Complete corporate application and Master Corporate Card Agreement (takes 5–10 minutes).

4Upload corporate documentation (Certificate of Incorporation, Board Resolution, GST returns).

5Digital verification of authorized signatories and employee cardholder KYC.

6Corporate cards dispatched within 5–7 working days; activate via corporate portal or SMS.

Branch Application for Offline Applicants

Initiated via SBI Corporate Accounts Group (CAG) or Mid-Corporate Group (MCG) branch branches.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)

Documents Required

1. PAN Card of Corporate Entity and Authorized Signatories (Mandatory statutory requirement)

2. Aadhaar Card (Address proof of Authorized Signatories and Employee Cardholders)

3. Certificate of Incorporation & Memorandum of Association (MoA)

4. Audited Balance Sheets and P&L statements for last 3 financial years

5. Board Resolution authorizing corporate credit facility

6. Passport-size photographs of authorized executives

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on SBI Corporate Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Tiered enterprise late payment charges as per master commercial agreement.. In addition, revolving finance charges at Preferential enterprise rates: up to 3.35% per month (40.20% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on SBI Corporate Card into EMI?

Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on SBI Corporate Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. Points redeemable by company for business travel, hotel bookings, or corporate statement credit. Please note: Corporate points validity governed by enterprise agreement.

What is the interest-free grace period on SBI Corporate Card and how does it work?

The interest-free period on SBI Corporate Card is Up to 50 days.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Preferential enterprise rates: up to 3.35% per month (40.20% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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