CORPORATE CARDS:
The ICICI Bank Corporate Card gives organizations yet another opportunity to recognize their senior executives in a very special way by nominating them to become Card Members.
The Corporate Card Programme is exclusively designed to be an effective tool in managing company's and employee's business expenses. The Card system also gives valuable information, in the form of monthly reports, on individual Card Member expenses and also cumulative expenses by various Merchant Establishment categories.
And of course, the Card Member gets to enjoy all the benefits and privileges that come with an ICICI Bank Corporate Card.
Powerful Benefits from ICICI Bank Corporate Card
• Benefits to the company
Corporate Identity
Your company has the option of having its logo or the photograph and signature of the employee / Card Member imprinted on the front of the Card. This provides you with unmatched recognition and extra protection.
Management MIS The ICICI Bank Corporate System provides detailed information (MIS) which can help in controlling expenses. Monthly management reporting is an integral component of the corporate Card offer from ICICI Bank. It gives the management and its employees a complete expense tracking mechanism.
It also provides travel discounts, and a reasonable credit period. Thus reducing your working capital requirement. This will reduce the time and cost associated with expense control.
The report package provides both
Summaries and itemizations of charges and payments. The reports help you;
• Streamline expense control
• Analyze spending patterns
• Forecast future spending
The Individual Card Member Billing Statement
For convenience we give a one-glance statement that details each individual charge. It shows clearly all purchases, cash advances, applicable finance and service charges and amounts that remain outstanding month-wise.
Consolidated Company Statement
Useful for monitoring Card usage and payments, the ICICI Bank's Corporate Card system provides the organization with details of each Card Member's expenditure. It lists the date, place, amount of expenditure, the net amount payable by each Card Member, and at the end of the report, the grand total for the company.
Individual Account Description
Once the organization nominates their employees to become ICICI Bank's Corporate Card Members, they can receive reports. These will tell the organization in a variety of useful ways, how Card members are incurring expenses. Your employees simply need to charge expenses and pay back conveniently after receiving their statement. Card Members will receive a billing statement each month that lists their charges and payment activity.
Cost Savings
• Improved cash float: The Corporate Card minimizes the need for cash advances and the administrative burden involved in tracking & reconciling them. Moreover, Card Members are billed once every month, which helps improve the Companies cash flow.
• Better rates from Suppliers: Management Information (MIS) generated by the ICICI Bank Corporate Card System helps the Corporation identify new savings opportunities and support fact based negotiations with suppliers.
• The Merchant Spending Report provides cumulative spending by all Card Members split into the travel and entertainment heads for e.g. by Hotel property, airlines, travel agencies, ATM cash with drawl, car rentals, petrol etc. This information can be used to obtain better rates from suppliers, and realize tangible cost savings.
• No Interest costs: The ICICI Bank Corporate Card is a Charge Card wherein bills are payable on receipt. This inculcates financial discipline amongst employees, saving the Company unnecessary interest burden on overdue out standing.
• Corporate pricing advantage: Unlike other Cards, ICICI Bank Corporate Card recognizes your Company's buying leverage. As the number of Cards issued in a company increases the annual fee payable per Card keeps reducing saving costs to the corporation
Benefits to the employees
• Ease of charging and accounting business expenses
ICICI Bank provides you with a billing statement that lists all charges on the Card date wise with complete transaction details. So you know how much you spend and where. The Descriptive Billing statements helps reconciliation of expenses
• Attractive spending limit. Unlike most other Cards the ICICI Bank Corporate Card provides the flexibility to the corporate to set spending limit for the company nominees. For the Classic Corporate Card the minimum spend limit is Rs.40,000/- and the maximum spend limit is Rs. 3,00,000/-, for the Gold Corporate Card the minimum spend limit is Rs. 50,000/- and the maximum spend limit is Rs. 10,00,000/-. Frequent travelers find this facility extremely useful when handling large expenses and during unexpected situations such as extended business trips
• Wide acceptance at quality establishments where business travelers normally incur business expenses. ICICI Bank Corporate Card is affiliated to Visa and is welcomed at all Visa Merchant Establishments - 1,10,000 establishments across India and Nepal and accepted globally by over 22 million Visa Card accepting establishments.
• Global Customer Assistance Services. Visa provides the following Card related assistance services to ICICI Bank Corporate Card Members when traveling overseas.
o Lost/stolen Card reporting
o Emergency Card replacement
o Emergency cash disbursement
• Security / Insurance Cover
-Photo and Signature option for Individual Card Members
-Comprehensive Insurance cover
-Personal Accident Insurance of up to Rs. 5 Lakh for road/rail accident and up to Rs 20 Lakh for air accident
-Limited loss Card liability. Post reporting the loss of Card, liability is Nil.
-Purchase Protection cover of upto Rs. 40,000
-Household Insurance cover of upto Rs. 75,000
-Hospitalisation Benefit cover of upto Rs. 50,000
-Unique lost baggage Insurance of upto Rs 25,000
World Class Service
24 hour customer services delivered to international standards from
• Membership Rewards
ICICI Bank Rewards Plus Programme is an opportunity to participate in the most powerful Rewards program in India. For every Rs.1000 you charge to the ICICI Bank Corporate Card card holders earn 10 Membership Rewards point. And it is so simple to redeem these points. The Card Member needs to accumulate a minimum of 150 reward points and at the end of the year can redeem these reward points against any items in the rewards catalogue.
Other Benefits to Card Members
• Free Teleoptima Calling Card for use overseas with discounts on airtime and a cost saving tariff plan
• Emergency Assistance Services that enables Card Members to obtain emergency legal/medical referrals while traveling overseas.
• Overseas Insurance Cover
• Delay in Flight cover of up to USD 250
• Delay in receipt of checked baggage cover of up to USD 300
• Loss of Checked Baggage cover of up to USD 1200
• Missing of flight cover of up to USD 300
• Loss of travel documents cover of up to USD 500
• Hijacking cover of up to USD 3000.
The ICICI Bank Corporate Card gives organizations yet another opportunity to recognize their senior executives in a very special way by nominating them to become Card Members.
The Corporate Card Programme is exclusively designed to be an effective tool in managing company's and employee's business expenses. The Card system also gives valuable information, in the form of monthly reports, on individual Card Member expenses and also cumulative expenses by various Merchant Establishment categories.
And of course, the Card Member gets to enjoy all the benefits and privileges that come with an ICICI Bank Corporate Card.
Powerful Benefits from ICICI Bank Corporate Card
• Benefits to the company
Corporate Identity
Your company has the option of having its logo or the photograph and signature of the employee / Card Member imprinted on the front of the Card. This provides you with unmatched recognition and extra protection.
Management MIS The ICICI Bank Corporate System provides detailed information (MIS) which can help in controlling expenses. Monthly management reporting is an integral component of the corporate Card offer from ICICI Bank. It gives the management and its employees a complete expense tracking mechanism.
It also provides travel discounts, and a reasonable credit period. Thus reducing your working capital requirement. This will reduce the time and cost associated with expense control.
The report package provides both
Summaries and itemizations of charges and payments. The reports help you;
• Streamline expense control
• Analyze spending patterns
• Forecast future spending
The Individual Card Member Billing Statement
For convenience we give a one-glance statement that details each individual charge. It shows clearly all purchases, cash advances, applicable finance and service charges and amounts that remain outstanding month-wise.
Consolidated Company Statement
Useful for monitoring Card usage and payments, the ICICI Bank's Corporate Card system provides the organization with details of each Card Member's expenditure. It lists the date, place, amount of expenditure, the net amount payable by each Card Member, and at the end of the report, the grand total for the company.
Individual Account Description
Once the organization nominates their employees to become ICICI Bank's Corporate Card Members, they can receive reports. These will tell the organization in a variety of useful ways, how Card members are incurring expenses. Your employees simply need to charge expenses and pay back conveniently after receiving their statement. Card Members will receive a billing statement each month that lists their charges and payment activity.
Cost Savings
• Improved cash float: The Corporate Card minimizes the need for cash advances and the administrative burden involved in tracking & reconciling them. Moreover, Card Members are billed once every month, which helps improve the Companies cash flow.
• Better rates from Suppliers: Management Information (MIS) generated by the ICICI Bank Corporate Card System helps the Corporation identify new savings opportunities and support fact based negotiations with suppliers.
• The Merchant Spending Report provides cumulative spending by all Card Members split into the travel and entertainment heads for e.g. by Hotel property, airlines, travel agencies, ATM cash with drawl, car rentals, petrol etc. This information can be used to obtain better rates from suppliers, and realize tangible cost savings.
• No Interest costs: The ICICI Bank Corporate Card is a Charge Card wherein bills are payable on receipt. This inculcates financial discipline amongst employees, saving the Company unnecessary interest burden on overdue out standing.
• Corporate pricing advantage: Unlike other Cards, ICICI Bank Corporate Card recognizes your Company's buying leverage. As the number of Cards issued in a company increases the annual fee payable per Card keeps reducing saving costs to the corporation
Benefits to the employees
• Ease of charging and accounting business expenses
ICICI Bank provides you with a billing statement that lists all charges on the Card date wise with complete transaction details. So you know how much you spend and where. The Descriptive Billing statements helps reconciliation of expenses
• Attractive spending limit. Unlike most other Cards the ICICI Bank Corporate Card provides the flexibility to the corporate to set spending limit for the company nominees. For the Classic Corporate Card the minimum spend limit is Rs.40,000/- and the maximum spend limit is Rs. 3,00,000/-, for the Gold Corporate Card the minimum spend limit is Rs. 50,000/- and the maximum spend limit is Rs. 10,00,000/-. Frequent travelers find this facility extremely useful when handling large expenses and during unexpected situations such as extended business trips
• Wide acceptance at quality establishments where business travelers normally incur business expenses. ICICI Bank Corporate Card is affiliated to Visa and is welcomed at all Visa Merchant Establishments - 1,10,000 establishments across India and Nepal and accepted globally by over 22 million Visa Card accepting establishments.
• Global Customer Assistance Services. Visa provides the following Card related assistance services to ICICI Bank Corporate Card Members when traveling overseas.
o Lost/stolen Card reporting
o Emergency Card replacement
o Emergency cash disbursement
• Security / Insurance Cover
-Photo and Signature option for Individual Card Members
-Comprehensive Insurance cover
-Personal Accident Insurance of up to Rs. 5 Lakh for road/rail accident and up to Rs 20 Lakh for air accident
-Limited loss Card liability. Post reporting the loss of Card, liability is Nil.
-Purchase Protection cover of upto Rs. 40,000
-Household Insurance cover of upto Rs. 75,000
-Hospitalisation Benefit cover of upto Rs. 50,000
-Unique lost baggage Insurance of upto Rs 25,000
World Class Service
24 hour customer services delivered to international standards from
• Membership Rewards
ICICI Bank Rewards Plus Programme is an opportunity to participate in the most powerful Rewards program in India. For every Rs.1000 you charge to the ICICI Bank Corporate Card card holders earn 10 Membership Rewards point. And it is so simple to redeem these points. The Card Member needs to accumulate a minimum of 150 reward points and at the end of the year can redeem these reward points against any items in the rewards catalogue.
Other Benefits to Card Members
• Free Teleoptima Calling Card for use overseas with discounts on airtime and a cost saving tariff plan
• Emergency Assistance Services that enables Card Members to obtain emergency legal/medical referrals while traveling overseas.
• Overseas Insurance Cover
• Delay in Flight cover of up to USD 250
• Delay in receipt of checked baggage cover of up to USD 300
• Loss of Checked Baggage cover of up to USD 1200
• Missing of flight cover of up to USD 300
• Loss of travel documents cover of up to USD 500
• Hijacking cover of up to USD 3000.