Question 1

What is the primary purpose of the SBI Corporate Utility Credit Card?

Accepted Answer

The SBI Corporate Utility Credit Card is designed to simplify and accelerate utility bill payments for organizations, offering enhanced control and transparency over corporate spending.

Question 2

Are there any joining or annual fees for the SBI Corporate Utility Credit Card?

Accepted Answer

No, the SBI Corporate Utility Credit Card comes with Nil joining fee and Nil annual fee, making it a cost-effective solution for businesses.

Question 3

Does the SBI Corporate Utility Credit Card offer reward points or cashback?

Accepted Answer

No, the SBI Corporate Utility Credit Card does not offer traditional reward points or cashback on utility payments or any other transactions.

Question 4

What insurance benefits are included with the SBI Corporate Utility Credit Card?

Accepted Answer

The SBI Corporate Utility Credit Card provides complimentary Fidelity Guarantee Insurance cover against employee fraud, with coverage up to Rs. 60 lakhs per corporate entity.

Question 5

How does the SBI Corporate Utility Credit Card help with expense management?

Accepted Answer

It offers customized Management Information System (MIS), analytics, multi-layer spend controls, and category-based spending limits for effective expense management.

Question 6

Is there a fuel surcharge waiver on the SBI Corporate Utility Credit Card?

Accepted Answer

Yes, the SBI Corporate Utility Credit Card offers a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, with a maximum waiver of Rs. 100 per month.

Question 7

What are the foreign currency markup charges on the SBI Corporate Utility Credit Card?

Accepted Answer

The foreign currency markup on the SBI Corporate Utility Credit Card is up to 3.5% of the total transaction amount for international spends.

Question 8

How secure are transactions with the SBI Corporate Utility Credit Card?

Accepted Answer

The SBI Corporate Utility Credit Card features Chip and PIN security, which protects against counterfeit, skimming, and lost/stolen card frauds, ensuring secure transactions.

Question 9

Can organizations get consolidated statements with the SBI Corporate Utility Credit Card?

Accepted Answer

Yes, the SBI Corporate Utility Credit Card provides consolidated organization-level statements and interim statements for detailed tracking of all card accounts.

Question 10

What are the interest rates if the full balance is not paid on the SBI Corporate Utility Credit Card?

Accepted Answer

If the full balance isn't paid, finance charges of up to 3.35% per month (40.2% per annum) are applicable on extended credit and cash advances with the SBI Corporate Utility Credit Card.

SBI Corporate Utility Credit Card

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