10 Best Small Business Credit Card In India February 2023

If you are searching for the 10 best small business credit cards in India in 2023 , you have come to the right place. 

Our small research team has compiled a list of the best credit cards for small businesses in India. 

We considered a number of factors including interest rates, annual fees, rewards programs, and customer service when making our selections.

Top 10 Small Business Credit Cards

HDFC CSC Small Business Money Back Best For Small Business Rating **** Cashback 100 Reward Points = Rs. 20.  5% Bill Interest Free Period Upto 50 days Rewards Rate 5X Welcome Offer No Annual Fee Spend ₹25k then Free Joining Fee ₹250+tax Pros   There is a very low annual fee.  The credit limit is higher than average.  You can use it for business expenses.  Cons It has a high interest rate after the introductory period.  It is not available to everyone.  There are other cards with better rewards programs.

SBI Prime Business Credit Card Best For Small Business Rating **** Cashback ₹ 750 off on Flight bookings above ₹ 6000 10 Reward Points per  ₹100 spent on Dining, Utility Bills payments and Office supplies.  Earn 2 Reward Points per  ₹100 on all other retail spends except fuel Interest Free Period Upto 50 days Rewards Rate 4X Welcome Offer ₹3000 Annual Fee ₹2999 Joining Fee ₹2999 Pros Complimentary airport lounge access.  Up to 20% discount on business class air tickets.  Up to 5% rewards rate.  1% cash back on all other spends.  Welcome benefits are good. Cons There is a very high annual fee.  Low rewards points on general spending.

HDFC Business Money Back Credit Card Best For  Business Rating **** Cashback 5% Bill Interest Free Period Upto 50 days Rewards Rate 2X Welcome Offer No Annual Fee Spend ₹50k then Free Joining Fee ₹500 +Tax Pros   Less annual fees.  Earns cash back on business expenses.  Complimentary lounge access.  Flexible repayment options.  Customizable card design.    Cons   Must have a HDFC bank account to apply.  May not be available to businesses in certain sectors. Relatively high interest rate.  Foreign transaction fees.

American Exp Platinum Travel Credit Card Best For Business Rating **** Cashback Spend Rs. 19 Lacs & get Flipkart voucher Rs. 4,500. Spend Rs. 4 Lacs & get Flipkart voucher Rs. 7,500.  Interest Free Period Upto 50 days Rewards Rewards Point for every2 Rs. 50 spent except for spend on Fuel, Insurance, Utilities, Cash Transactions and EMI.  Welcome Offer 10,000 Membership Rewards points, redeemable for Flipkart12 voucher or Pay with Points option in Amex Travel Online worth Rs. 3,000.  Annual Fee ₹5,000 + taxes Joining Fee ₹3,500 +taxes.  Pros   No foreign transaction fees.  Earns Membership Rewards points.  Redeem points for travel, merchandise, or gift cards.  Complimentary private membership club access.    Cons   Annual fee is very high.  Must have good to excellent credit to qualify.  May not be available to residents of all states.  Points may expire if card is inactive for 12 months.

YES Bank Prosperity Business Credit Card Best For Business Rating *** Cashback — Interest Free Period Upto 50 days Rewards 10,000 reward points on annual spends of Rs. 6 lakhs or more Welcome Offer — Annual Fee ₹399 Joining Fee ₹399 Pros   YES Bank Prosperity Business Credit Card offers a high credit limit of up to Rs. 5 lakhs. Cardholders can enjoy interest-free cash withdrawals of up to 50% of the credit limit. There is ₹399 annual fee for the first year.  The card provides fuel surcharge waiver and discounts on dining and travel bookings.   Cons   The interest rate on YES Bank Prosperity Business Credit Card is quite high at 36% p.a. Cash advances are also subject to a high interest rate of 3% p.a., with a minimum charge of Rs. 500 per transaction. There is no grace period provided for payment of dues, so card

SBI Platinum Corporate Credit Card Best For Business Rating *** Insurance ₹ 50 lakhs in case baggage is lost. Lossed passport up to ₹ 12,500. Delay in BAGGAGE – ₹ 7,500 flight DELAY ₹ 15,000 Lost card LIABILITY ₹ 3 lakh online FRAUDS  ₹ 2 lakh Air accidental DEATH ₹ 50 lakh. Interest Free Period 20-50 days Rewards Free Insurance Welcome Offer No Annual Fee Nil Joining Fee Nil Pros   No annual fee.  Complimentary airport lounge access.  Very good insurance coverages including travel insurance.    Cons   High interest rate of 3.35% per month.  Foreign currency transaction fee of 2.5%.  Late payment fee of Rs 100-700 depending on the outstanding amount.  Overlimit fee of Rs 100.

Axis Bank ACEcredit Card Best For General/ business Rating *** Cashback 5% bill & other 2-4% Interest Free Period upto 50 days Rewards Rate 3X Welcome Offer No Annual Fee ₹499, spend 2 lakhs then free Joining Fee ₹499 Pros   Highest Cashback.  Low interest rate.  Less annual fee.  Cash back rewards.  0% intro APR period.  Fraud protection.    Cons   Limited acceptance outside of India.  High foreign transaction fees.  No welcome benefits.  No cashback on fuel and EMI transactions.

Citibank Corporate Credit Card Best For Business Rating *** Cashback no Interest Free Period upto 50 days Rewards Earn 2 reward points/ Rs. 125 spent Welcome Offer no Annual Fee no Joining Fee no Pros   Citibank has a good reputation. The card offers a wide range of benefits and features. There is no annual fee for the card. The interest rate on the card is relatively low. Citibank offers good customer service.   Cons   Citibank’s website can be difficult to navigate. The credit limit on the card may be too low for some businesses. Citibank may not have a lot of branches in India. No welcome benefits.

Kotak Corporate Credit Card Best For Business Rating *** Cashback Surcharge Waiver – www.irctc.co.in to get 1.8% or 2.5%.  Interest Free Period upto 50 days Rewards Rate no Welcome Offer no Annual Fee no Joining Fee no Pros   Avoids the need to carry multiple cards for different purposes. The credit limit is higher as compared to regular credit cards. Offers a wide range of features and benefits. The interest rate is relatively low. The card can be used for cash withdrawals at ATMs.    Cons   The late payment charges are high as compared to regular credit cards. There is a limit on the number of transactions that can be made per day. The cardholder needs to have a good credit history to be eligible for the card. The rewards points earned on the card expire after a certain period of time.

Standard Chartered Platinum Rewards Credit Card Best For Business Rating *** Cashback 5 reward points for every Rs. 150 spent on dining and fuel.  1 reward point, for every Rs.150 spent on all other categories.  Interest Free Period upto 50 days Rewards Rate 5X Welcome Offer ₹500 Annual Fee Spend ₹60k, then free Joining Fee ₹250 Pros   Earns rewards points on all purchases made with the card.  Points can be redeemed for a variety of travel and merchandise rewards.  Complimentary airport lounge access.  Insurance coverage for lost or damaged baggage, missed flights, and more.   Cons   Rewards points expire after 3 years if not redeemed.  Foreign transaction fees of upto 2% apply to all purchases made

“Small Business Owners: You Need a Credit Card!”

There are many reasons why small business owners need a credit card. For one, it can be used as a powerful tool for building business credit. 

By using a credit card and paying the balance in full and on time each month, small business owners can establish a good credit history, which will help them get loans and other forms of financing in the future.

Another reason to have a credit card is for the convenience and flexibility it offers. Small business owners can use their credit cards to make purchases online or over the phone, without having to carry around cash or checks. 

Credit cards also offer rewards programs that can save small business owners money on travel, office supplies, and other expenses.

Finally, having a credit card can give small business owners peace of mind in knowing that they have access to emergency funds if they need them.

“Why Small Business Owners Should Use Credit Cards.”

As a small business owner, you may be wondering if using a credit card is right for your business. Here are three reasons why you should consider using credit cards for your small business:

1. You can avoid carrying cash.

Carrying around cash can be risky, especially if you have a lot of it on hand. If you lose your cash, you have no way of getting it back. However, if you use a credit card, you can cancel the card and get a replacement sent to you.

2. You can get rewards.

Many credit cards offer rewards programs that allow you to earn points or cash back on your purchases. This can be a great way to save money on expenses or earn some extra income for your business.

3. You can build your credit history.

“The Benefits of Having a Small Business Credit Card.”

“5 Reasons to Get a Small Business Credit Card”

• Small business credit cards can help you manage your business expenses and keep track of your spending.
• Small business credit cards can help you build your business credit history and improve your credit score.
• Small business credit cards can help you save money on interest and fees.
• Small business credit cards can help you get the most out of your rewards and perks.
• Small business credit cards can help you manage your cash flow and finance your business growth.

How to Choose the Right Small Business Credit Card for Your Needs”

If you own a small business, or are thinking of starting one, you may be wondering if you need a small business credit card. 

The answer is maybe. It depends on several factors, such as how much money you spend on business-related expenses and whether you want to separate your business and personal finances.

There are a few things to consider when choosing the right small business credit card for your needs. First, what type of rewards do you want? Cash back, points, or miles? 

Second, what is your credit score? You’ll likely get better terms if you have good to excellent credit. Third, how much can you afford to pay in fees? Annual fees can range from $0 to $500 or more.

The best way to choose the right small business credit card is to compare your options and find the one that best suits your needs.

FAQs+ There are many factors to consider when choosing the right small business credit card for your needs. The first step is to read the FAQs section on the website of the credit card company. This will give you an idea of what type of cards are available and what features they offer. You should also compare the different cards available from different companies. This will help you choose the card that offers the best interest rate, annual fee, and other terms and conditions. Finally, you should read the reviews of small business credit cards before making your final decision. This will help you learn about the pros and cons of each card so that you can make an informed decision. Question (1) – What is the best small business credit card in India? Answer – There is no definitive answer to this question as it depends on the specific needs and preferences of the small business owner.  However, some factors to consider when choosing a small business credit card in India include the interest rate, annual fee, and rewards program.  Additionally, it is important to compare different cards and choose the one that offers the most benefits for your specific small business. Question (2) – How do I get a small business credit card in India? Answer – In order to obtain a small business credit card in India, you will need to meet certain eligibility criteria.  Typically, you will need to have a good credit history and a strong financial profile. You may also need to provide collateral or a guarantor.  Once you have met the eligibility criteria, you can apply for a small business credit card by completing an application form and submitting it to the lender. Question (3) – What are the benefits of using a small business credit card in India? Answer – There are many benefits of using a small business credit card in India. For one, it can help you build your business credit history.  This is important because it can give you access to more favourable terms and rates in the future. Additionally, a small business credit card can help you manage your cash flow by providing you with a line of credit that you can use when needed. This can be especially helpful during periods of slower sales or when unexpected expenses arise. Question (4) – What are the benefits of using a small business credit card? Answer – There are a number of benefits to using a small business credit card. Perhaps the most obvious benefit is that it can help you manage your finances more effectively.  By using a credit card for your business expenses, you can keep track of your spending more easily and ensure that you are not overspending.  Additionally, a business credit card can help you build your credit history, which can be beneficial if you ever need to take out a loan for your business. Question (5) – What are the requirements for a small business credit card in India? Answer – To qualify for a small business credit card in India, you must have a minimum annual turnover of Rs. 60 lakhs and be a proprietor, self-employed professional, or a partnership firm.  You will also need to provide proof of business ownership and income. Additionally, you must be at least 18 years of age and have a good credit history.

Conclusion Points 

The number of small businesses in India is on the rise, and so are the options for small business credit cards. 

• Best credit card in India 2023

With so many choices available, it can be hard to know which credit card is right for your business. Here are a few things to consider when choosing a small business credit card in India:

What are your business spending patterns? Do you tend to spend more on office supplies or travel expenses? Make sure to choose a credit card that offers rewards or cash back on the types of purchases you make most often.

How much do you want to spend on annual fees? There are plenty of great small business credit cards with no annual fee, so don’t feel like you have to pay one just because you have a business.