HDFC Bank Purchase Card
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The HDFC Bank Purchase Card is HDFC’s solution to corporate to help them facilitate quick payments for business expenses and their employees. It helps the corporate manage business expenses and makes purchase transactions smoother by eliminating the hassles of cash and cheque payments. The card is designed only for official business expense purposes and records all purchase transactions made by employees.
The HDFC Bank Corporate Purchasing Solution helps reduce purchasing costs considerably as follows:
- Eliminates the delay and cost of traditional purchase transactions.
- In order to track and manage spending effective control is enabled.
- Purchase process is automated for easy account management.
Key Features
- Authority is granted by the bank to designated employees of corporates for official purchases through the card.
- Customizable product – The Purchase card can be restricted at
- The Merchant Category Code (MCC) level
- The HDFC Bank’s EDC terminal / Payment Gateway level
- The Purchase card can be issued in the name of an Individual / Corporate
Business Benefits - Processing time is reduced in transaction, cost of high volume and low value transactions for the Corporate.
- Payment process is streamlined and enables account management control.
- Cost of goods is reduced by consolidating the supplier base and negotiating more favourable pricing from preferred suppliers.
- Minimizes risks associated with fraud, forgery and theft through a secure, totally mechanized card programme.
- Provides online expense management solutions – minimizing paperwork and simplifying reconciliation
HDFC Bank Distributor Card
The Distributor card is a credit card given by HDFC Bank to corporate who in turn give it to specific distributors to facilitate easy and convenient payments to the corporate. The card usage eliminates the use of cheques and cash and in turn speeds up the turnaround time of transactions. HDFC bank Distributor Card helps corporates receive their payment quickly and offers distributors the chance to receive their goods without delay.
Benefits to Corporate
- Increases distributor’s appetite for the Corporate’s products.
- Shorter working capital cycle and improved cash flow management
- Elimination of cheque and cash payments and consequent problems for Corporates
- Transactions can be easy recon ciliated
- Helps goods or services to be delivered quickly
Benefits to Distributor
- Increases distributor’s appetite for goods owing to easy payment option
- Attractive finance charges and interest free credit periods.
- Flexibility of scheduling payments: part payment, pre-payment and post-payments possible.
- Reduces operational hassles in processing and reconciling transactions.
- Time taken for procurement of goods is reduced
Standard Chartered Bank Platinum Elite Card
Standard Chartered Platinum Elite card is best suited for frequent travellers, golfers who enjoy refined elegance.
Platinum Prerogative –
Unique Rewards Program: Standard Chartered Platinum card offers the best in class Rewards program.
- Earn 5 Reward points for every Rs.100 spent at Hotels
- Earn 5 Reward points for every Rs.100 spent at Fine Dining outlets
- Earn 5 Reward points for every Rs.100 spent on fuel
- Earn 2 reward points for every Rs.100 spent on all other categories
Swing into action –
Golf Fee Card: The Platinum card brings to you the Golf Fee Card – an enduring favourite among golfers. The Golf Fee Card offers
- Access to over 2,000 golf courses across the world, including 20 premier golf courses in India.
- Upto 30% discount on Green fees.
Global Acceptance – Standard Chartered Cards are globally accepted in over 19 million VISA and MasterCard establishments worldwide and over 1.1 lakh establishments in India and Nepal.
Supplementary Cards – Gift your loved one the security and convenience of their own card
Balance Transfer Option – You have an option to transfer outstanding balance from any other credit card to the Standard Chartered global credit card at attractive interest rates.
Revolver Facility – The flexible payment option which uses revolving credit allows you to pay just 5% of the outstanding amount on your card every month.
Cash Advance Facility – Get 24-hour access to cash with 1.5 million ATMs worldwide and over 20,000 ATMs across India.
Instabuys – With this option you can pay in easy installments for high value purchases on your credit card at attractive rates of interest.
Published on July 14, 2010 · Filed under: HDFC Bank Credit Card;
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