Axis Bank's Corporate Card offers the best travel and expense management solution to corporates with global acceptance and customized solutions powered by VISA.
Axis Bank Corporate Card comes with two liability options:
1. Corporate Liability: Corporate Liability Corporate Cards are an effective way of managing travel policies and negotiating preferential terms with key suppliers. These cards are issued after credit assessment of the corporate; who in turn defines the limit on individual cards. The corporate bears the liability for the entire outstanding amount on the cards. The payment is made directly to the Bank once a month instead of multiple payments to individual employees/suppliers. Exposure risk of the Corporate is mitigated by the fact that the card is a charge card wherein the full payment is to be made at the end of each month with no revolve allowed on the outstanding.
2. Individual Liability: Individual Liability Cards based on the same lines as the personal Credit Cards are an effective way for the employees to keep their personal and official expenses separate while at the same time simplifying the reimbursement process. Individual employees are assessed for assignment of credit limit on each card and are solely liable for the payment of spends done on the card.
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Streamlining Payments
Your company will be able to track travel and entertainment expenses and assign individual employee spending limits to enable you to manage and control your business travel-related expenses more efficiently.
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Keeping track of costs
Visa Information Source (VIS) - our reporting solution provides consolidated management data and easy on line access to your transactions. Data can also be fed into your accounting system, providing the most current and accurate information for analyzing corporate travel and entertainment expenditures.
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Get a better deal
You'll have access to detailed transaction level information, which can be used to negotiate discounts with vendors and manage employee compliance with corporate travel policies backed with vendor level organizational spend MIS.
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4th Line Embossing
You can customize your card by getting your Company?s name embossed on the front face of the card in the form of fourth line embossing. This will provide association and recognition to your employees.
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Savings through Online Bookings
Your organization can get significant savings on Airlines and Hotel booking by buying tickets or booking hotels online.
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| Benefits for the Cardholder |
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Petrol Surcharge Waiver
You get a fuel surcharge waiver across all petrol stations in India. The waiver is valid for a minimum transaction amount of Rs 200 and a maximum of Rs 2,500.
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Rewards Points
Earn tremendous reward points, which can be redeemed with exciting offers and gift vouchers.
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Protection through insurance
Enjoy the free security of various insurance schemes for air travel, lost baggage, purchase protection and many others.
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Travel Benefits
For an additional joining fee of Rs 1000 and an annual fee of Rs 500 , the corporate/individual can avail of the following benefits:
Flight Vouchers
Get a return flight voucher on your card. The voucher can be used to indicate three choices of destinations from a list 29 destinations within India. You can also avail the facility to purchase additional air tickets for a companion at a substantially discounted rate of Rs 5,000 for return flight. Offer valid on add on cards also.
IBTC Membership
Enjoy a guaranteed 50% discount at over 1,500 hotels worldwide that includes 120 hotels in India plus a 20%discount on Hertz Car rentals.
For more details, please visit www.ibtcsilver.com
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| VIS (Visa information source) |
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A unique Online MIS
- Immediate and efficient expense reporting system claim settlement methods and reporting procedures.
- Detailed Reports to better control and reduce procurement expenses.
- More than 100 schedules and interactive reports.
- Spending analysis by time department, cost center and supplier analysis.
- Flexible data extracts capabilities.
- Ability to restrict access at all user levels.
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