American Express Corporate Card Review

American Express Corporate Card is a special credit card specially designed for the corporate world and business owners to give them another level of benefits. It comes with a number of special benefits and privileges that are needed to run your company much easier. Again it has a number of other features like – Reward Programme, Online Account Management, premium travel experience, protection for travelers, and worldwide acceptance. In fact, this is the best corporate card available in India.

  • Eligibility criteria –
  • This is not a personal credit card, this card is specially designed for companies and business owners.
  • The company needs to be well established and at least 2 years old.
  • The company needs to have a good annual turnover.
  • A good CIBIL score is necessary.
  • Good financial relationship with the bank.
  • Documents Required –

For corporate liability –

  • Profit & loss statements (of recent 2 years)
  • PAN card (corporate)
  • Board Resolution.
  • Pan card, Address proof, and photo ID of every employee

For individual liability –

  • Proof of Identity –
  • Job Card.
  • Voter Id.
  • Driving License
  • Aadhar Id.
  • Letter from UIDAI.
  • Proof of Address –
  • Gas, Electricity, or any utility bill. ( recent )
  • Passport.
  • Ration card.
  • Document of property registration.
  • Proof of Income –
  • Recently submitted form 16.
  • 3 month’s bank statement. (latest)
  • KYC-PAN.

* These are some of the basic documents, the bank may ask you for some other documents during the application*

  • Fees –
  • Joining fee –
  • Annual fee – ₹ 2,100.
  • Add on fee –
  • Late payment charge – 5% against the due amount.
  • Benefits – The awesome benefits of the card is described below –
  • Reward point – With this card, you can reward points with every transaction. You can get 1 reward point (membership) on each ₹ 100 transactions on utility and fuel. Also, you can earn 1 reward point on each ₹ 50 transactions done on electricity, telecom, and insurance.
  • More reward – you can earn more bonus points on transactions made on dining, travel, shopping, and lodging at some of the selected outlets and partner’s restaurants.
  • Reward redemption – You can easily redeem your earned reward points very easily. You can use them for hotel or flight booking and online shopping.
  • Lounge access – With this card you can make your travel more premium. As with this card you will get a subscription to ‘lounge Club’ program. Also, you will get access to most of the VIP lounges across the world.
  • Online account management – with American Express you can run your company more smoothly. You can now monitor your account online. You can track every transaction made by your employers in detail. You can also track where and when the transaction is made.
  • Expert solution – You can ask for any kind of help or advice from  ‘American Express’ finance experts. They will give you the best possible solutions
  • Expense management – with the online management feature you can easily understand the monthly expenses more easily. It is also helpful for maintaining a budget.
  • E-Statements – You can also get your monthly Statement on your registered E-mail id. This feature is fast, safe, and environmentally friendly.
  • Alert facility – Now you don’t need to worry about due bills because American Express sends you SMS regarding the due date of your bills. You will also get notifications for balance update cash payment etc.
  • Add on feature – with this feature you can offer your eligible employees a card so that they can pay on behalf of the company. You can also track each of your employee’s spends. (no charges are applied for this feature)
  • Insurance facility – While traveling during an office trip American Express covers you against any kind of emergency situation. (you are eligible if you book your ticket using your ‘American Express Corporate card’. –
  • Accidental death – ₹ 3,000,00. (applicable everywhere)
  • Common carrier – ₹ 3,000,000. (applicable everywhere)
  • Loss of baggage – USD 350. (only applicable outside India)
  • Loss of documents – USD 150 (only applicable outside India)
  • Contactless payment – with this feature you can pay at any secure reader machine with just a wave of your card. if you want to know your card has the contactless feature or not look for the contactless logo on your card.
  • Premium service – With American Express you can enjoy premium customer service. Their customer service is 24X7 active you can ask for any help anytime, and they will do their best to help you.
  • Charges –
  • Cash withdrawal – 5%
  • Foreign currency transaction – 5% against the transacted amount.
  • Customer care number –
  • 1800 419 1222.
  • 0124 2801222.
  • 022-42320243.
  • Final verdict –

If you are looking for a premium corporate card for your company then this card is perfect for you. It comes with zero joining fee and a number of other benefits like – lounge access, online account management, reward wining insurance facility, and lots more. So hurry and grab those awesome benefits as they can allow you to run our company more easily.

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