ICICI corporate credit card alternatives
ICICI Bank offers corporate credit cards for businesses to manage expenses and simplify payment processes. However, these might only sometimes fit your needs due to multiple reasons. With the increasing number of alternative options in the market, it is essential to compare pricing and features to find the best fit for your needs.
In this guide, we will explore ICICI’s corporate credit card offerings and compare them with other options in terms of pricing and benefits to help you make an informed decision.
Quick Read: 5 Best Corporate Credit Cards in India
Why look for alternatives to ICICI corporate credit cards?
You may want to consider ICICI corporate credit card alternatives for several reasons. While ICICI offers a range of options, the pricing and benefits offered may not always be the best fit for your needs. You may require more tailored services and higher reward systems. Other service providers will likely offer better rewards and custom features than ICICI.
Furthermore, as the financial market evolves, new players with innovative offerings are entering the space and providing better options. These alternative providers often give better deals and technology, making it more convenient to manage expenses.
The needs and requirements of your business can also change over time, and not every credit card provider can adapt to these changes. For example, a business that was once focused on domestic operations may now have a global reach, requiring a different type of card with international benefits.
It thus becomes essential to regularly re-evaluate your credit card options to get the best deal possible and ensure that your provider can keep up with your business’s evolving needs.
A quick glance at the top 5 ICICI corporate credit card alternatives
Happy Epic Card is a corporate credit card that provides collateral-free credit with a higher credit limit. It also helps manage spending and improves transparency, giving enterprises the option to select rewards that fit their needs.
Joining fee- ₹0
Card fee- ₹0
Annual fee- ₹0
HDFC Corporate Credit Card offers a wide range of benefits to corporate customers, including flexibility, convenience and rewards. With the HDFC Bank Regalia Corporate Credit Card, customers can manage their corporate expenses, track spend and earn payback points for every rupee spent.
Annual and renewal fee: Variable (based on offers)
Reward points for miles
The Axis Corporate Credit Card offers major savings and makes it easier to manage corporate expenses. Additionally, these cards provide enhanced credit card limits, fuel surcharge waivers, and personal insurance cover.
Joining & annual fees (As agreed with company)
The American Express Corporate Credit Card helps businesses streamline their expenses and simplify payment. Businesses can track expenses, manage payments, and control spending. The card also provides access to rewards and discounts.
Starts from $75 annual fees
The Citi Corporate Card is a popular business credit card for managing corporate expenses. With the Citi Corporate Card, businesses can manage corporate expenses with ease and convenience.
Annual & joining fee (Communicated at the time of sourcing)
Must read: Best corporate credit card
5 Best ICICI corporate credit card alternatives and competitors
Here are some of the best ICICI corporate credit card competitors you can consider for your business.
1. Happay EPIC
Happay EPIC is a comprehensive corporate credit card solution designed to meet the needs of modern businesses. With Happay EPIC, you can access collateral-free credit with higher limits, giving you the financial flexibility you need to grow and thrive.
The card also features advanced controls to optimize spending and improve visibility into expenses, making it easier for you to manage your finances and make informed decisions.
To top it all off, Happay EPIC offers direct cashback as a reward. You can get direct cashback that only a few competitors offer. Happay EPIC has everything you need to make the most of your business spending and get rewarded.
- Hassle-free process
- Robust spend controls
- Zero collaterals
- Powerful budget tracking
- Toggle cards on or off
- Real-time spend visibility
- Seamless online payments for credit card bills
- Integrated Finance apps
- Lucrative rewards
Benefits and rewards
Happay EPIC offers a wealth of benefits and rewards for businesses. Every time you use your card, you incentivize your spending. With Happay EPIC, you get cashback on purchases that help you make the most of your spending.
These deals can help you save money and get more value from your spending. Whether you’re looking for discounts on expenses, cashback on purchases, or payback points that are redeemable for a wide range of rewards, Happay EPIC has everything you need to make the most of your spending.
2. HDFC Corporate Credit Card
HDFC Corporate Credit Card is a comprehensive solution for managing corporate reimbursable expenses. With two options to choose from – Corporate Platinum Credit Card and Corporate Premium Credit Card – it offers a range of benefits and features designed to make expenses more manageable and efficient.
One of the key features of the HDFC Corporate Credit Card is the reward points system. Each time you make an online or offline purchase, you’ll earn reward points that you can redeem for various perks and benefits.
Another notable feature is the domestic airport lounge access across India. With a range of lounge options available at major airports across India, you’ll be able to relax and recharge before your flight in a comfortable setting.
- Reward Points
- Domestic airport lounge access (quarterly)
- Corporate Liability Waiver Insurance
- Insurance Protection
- Exclusive SmartBuy Corporate Portal for offers and reward redemption
Benefits and rewards
HDFC Corporate Credit Card rewards and benefits are designed to help businesses get the most out of their expenditure. Businesses can enjoy better visibility into their spending and manage it more effectively. The card provides enhanced reporting tools that help track spending and make informed decisions regarding money management.
The regalia card also offers an advanced reconciliation process that simplifies the process of tracking expenses and helps businesses identify areas where they can save. Furthermore, businesses can enjoy greater savings with access to exclusive discounts and offers.
Suggested Read: 5 Best RazorpayX Corporate Card Alternatives
3. Axis Corporate Credit Card
The Axis Corporate Credit Card is an ideal solution for organizations looking to streamline their corporate expense management. It helps keep a tab on the organization’s expenses, providing greater control over the spending.
The Axis Bank credit card offers enhanced credit card limits from 1 lakh onwards, allowing corporate customers to make larger purchases without worrying about their credit limits. Additionally, the card offers waivers on fuel surcharges and personal insurance coverage, ensuring cardholders have a worry-free experience.
With Axis Bank Corporate Credit Card, users can also enjoy enhanced safety and convenience, allowing them to make payments securely, anytime, anywhere.
- Lounge access at selected airports within India
- Personal accident coverage
- Fuel surcharge waiver
- Card-less solution (no plastic issued)
Benefits and rewards
The Axis Corporate Credit Card’s rewards and benefits program provides a range of incentives and perks to business owners. With reward points, cardholders can earn points on their purchases from POS and other outlets and redeem them for rewards vouchers and other discounts.
Axis also provides a centralized billing and payment account solution, making it easy for businesses to manage their expenses in one place.
This includes an integrated payment gateway for secure transactions and a unified process to integrate with existing ERP systems and bank accounts. The rewards and benefits program is designed to help businesses maximize their savings and spending.
Suggested Read: 10 Best Prepaid Travel Cards for India
4. American Express Corporate Credit Card
The American Express Corporate Credit Card provides easy expense management tools that help companies streamline their expenses. Users can earn worthy rewards for their spending with various rewards tailored to the company’s needs.
The AMEX Corporate Credit Card also provides expert insights to help your company make the most of its spending and maximize savings. With access to corporate travel credit card services and customized reporting, AMEX Corporate Credit Card users can stay connected and informed while enjoying the benefits of a world-class credit card.
- Full visibility into employee spending
- Set limits to control employee spending
- Reinvest Rewards
- Real-time company spending details
- Streamlined submission process between employees and finance
Suggested read: Corporate Travel Management
Benefits and rewards
American Express Corporate Credit Card’s benefits make it easy for businesses to maximize their rewards and save time. With American Express Go, businesses can provide provisional employees with virtual cards for easier on-the-go payments.
Automated Payment Solutions allow businesses to earn rewards and save time by automating the accounts payable process. Furthermore, American Express Corporate Credit Card provides single-use account numbers that can help businesses control spending and reduce fraud risk.
Must Read: 5 Best Volopay Alternatives for Corporate Credit Cards
5. Citibank Corporate Credit Card
The Citibank Corporate Credit Card is a comprehensive financial tool designed for businesses to manage their expenses conveniently. One of the key benefits of the Citibank Mastercard is its online tool, which provides you with a centralized platform to manage your expenses.
You can easily track employee spending, monitor company expenses, and gain insights into your spending patterns. Mastercard also avoids issuing advance foreign exchange to employees for travel.
With this feature, employees can easily access the funds they need to travel for business without the hassle of obtaining advance foreign exchange. This saves time, eliminates the need for complex currency conversions, and reduces the risk of fraudulent activities.
- T&E spend management tool
- Complimentary access to domestic airport lounges
- Reward points
- 24×7 online statement access
Benefits and rewards
One of the key benefits of the American Express Corporate Credit Card is its Consolidated One-Glance-Statement, which provides an overview of all transactions made across all member corporate cards. This makes it easy for businesses to keep track of their spending.
The card also offers the ability to make biller grouping and bulk repayments in a single transaction. It streamlines the payment process, saving time and effort. With biller grouping, businesses can organize their expenses by vendor, making it easier to pay via options like net banking and stay on top of their EMI bills.
With the ability to make bulk payments in a single net banking transaction, businesses can quickly and easily pay all of their bills without processing multiple transactions.
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How to choose the best ICICI corporate credit card alternative?
Choosing the best credit card alternative depends on your business’s specific needs and priorities.
Here are some key factors to consider when choosing the best credit card.
1. Rewards and benefits
Look for a card that offers rewards and benefits that align with your business needs. Consider factors like cashback, points, and discounts on travel, entertainment, and dining.
2. Spend management
Consider how the card can help you manage your business expenses. Look for features like spending limits, real-time reporting, and the ability to manage expenses online.
Read more: Spend Management
Ensure the card has advanced security features to protect sensitive information and reduce the risk of fraud.
4. Customer care
Ensure the card provider offers excellent customer care, including online and phone support. You will have access to customer care help whenever you need it.
Look for a card that provides flexible terms and conditions, including the ability to add and remove users as needed and flexible repayment options and EMIs.
Consider the cost of the card, including annual fees, interest rates, and other fees and charges. Make sure the card you choose is affordable and fits within your budget.
Suggested Read: The Definitive Guide to Corporate Credit Card Policy
Why is Happay Epic Card a good alternative to ICICI Corporate Credit Card?
Here are some reasons why the Happay Epic Card is the best alternative to the ICICI Corporate Credit Card.
1. Direct Cashback
The Happay Epic Card offers direct cashback on all purchases through various vendors like Amazon, Flipkart, and other websites. The cashback is automatically credited to your account, so there’s no need to keep track of points or redeem rewards.
2. High and scalable credit limit
The Happay Epic Card offers a high and scalable credit limit, making it an ideal solution for businesses that need to manage large expenses. With the ability to increase your credit limit as your business grows, you’ll never have to worry about running out of funds.
3. Zero Collaterals
Unlike traditional credit cards, the Happay Epic Card requires no collateral. It is an accessible option for businesses of all sizes. This eliminates the need for businesses to put up assets as security, freeing up valuable resources for other purposes.
4. Integrated finance apps
The Happay Epic Card is integrated with finance apps, providing a centralized platform for businesses to manage expenses and track spending. This makes it easy for businesses to keep track of their finances and make informed decisions about their spending.
ICICI corporate credit card overview
The ICICI Bank Credit Card provides end-to-end credit card solutions for businesses to manage travel and entertainment expenses. It includes everything from booking travel to making purchases and paying bills.
The card also helps businesses track and regulate their employees’ travel and entertainment expenses. Some features include real-time reporting and spending limits, which can help businesses maintain control over their expenses.
The ICICI Bank Credit Card offers enhanced spending visibility, providing businesses with detailed insights into their expenses. Businesses can track their spending and ensure compliance with internal policies and regulations.
Here are the variants of ICICI corporate credit cards:
- ICICI Bank Platinum Corporate Card
- ICICI Bank Gold Corporate Card
- ICICI Bank Purchase Card
- ICICI Bank Business Essential Credit Card
- ICICI Bank Business Ascent Credit Card
- ICICI Bank Business Advantage Black Credit Card
- ICICI Bank Business Advantage Blue Credit Card
- ICICI Bank Visa Business Platinum Credit Card
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ICICI corporate credit card pricing
The ICICI Corporate Credit Card pricing varies depending on the type of card, the credit limit, and other factors. ICICI Corporate Credit Cards have an annual fee for certain card types. There are additional fees for an annual membership, cash advances, and outstation cheque processing fees.
In terms of interest rates, ICICI Corporate Credit Cards typically have a variable rate. There are also penalties for late or missed payments, which are typically much higher than the standard APR.
It’s important to review the pricing and terms of your ICICI Corporate Credit Card carefully to understand all of the fees and charges associated with your card. This will help you budget for expenses and ensure that unexpected costs do not catch you off guard.
ICICI corporate credit card reviews
ICICI Corporate Credit Card has received mixed reviews from customers. According to the popular review website Mouthshut, ICICI Bank Visa Credit Card has a 2-star rating based on 5627 votes. It is vital to note that reviews can be subjective and may not reflect the experiences of all customers.
Some customers may have had positive experiences with ICICI Corporate Credit Card, while others may have had negative experiences. Customer care, rewards, and fees can all impact a customer’s overall satisfaction with their credit card.
When it comes to corporate credit cards, several alternatives to ICICI offer similar or additional benefits. As a business owner, you should compare and choose the best option based on your specific needs and budget.
Consider rewards programs, interest rates, and annual fees when deciding on a corporate credit card. Furthermore, also look out for welcome benefits and insurance coverage. It is also important to read reviews from current and previous users to understand their experiences with the card.
The credit limit on ICICI Platinum Credit Card depends on the applicant’s credit score and other factors. The online transaction limit for ICICI Platinum Credit Card per day is INR 7.5 lacs. This limit can be increased or decreased by contacting ICICI Bank. Customers can request a higher credit limit depending on their CIBIL score and other eligibility factors.
The difference between the two is that the former is for regular customers, while the latter is for corporate ones. The ICICI platinum corporate card offers many benefits for corporate professionals.
The ICICI platinum credit card is different from the corporate one, which also has a similar one. The platinum credit card is issued to regular customers, while the corporate card is for business customers.
When choosing between ICICI Corporate Credit Card and Happay Epic Corporate Credit Card, the latter is a better option. The Happay Epic Corporate Credit Card offers a variety of features and benefits that make it a superior choice.
One of the biggest advantages of the Happay Epic Corporate Credit Card is that it offers collateral-free credit. This makes it an attractive choice for businesses starting out or with limited cash flow.
The card also integrates with several finance apps, making it easier to track spending, manage expenses, and set up budgeting.
Apart from the ones already mentioned above, there are other options as well, like SBI Credit Card, IndusInd Credit Card, HSBC Credit Card, Standard Chartered Credit Card, and more. However, one option that stands out is Happay. This card is considered one of the best due to its unique features and benefits. Happay offers direct cashback to businesses, which sets it apart from other corporate credit cards.
The powerful budget tracking system gives businesses complete visibility and control over their spending. Furthermore, Happay has robust spend controls, allowing businesses to set spending limits, monitor employee spending, and track expenses in real time.
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