| Presenting
ICICI Bank Corporate Cards
The ICICI Bank Corporate Card gives
you another opportunity to recognize your 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
your company's and employee's business expenses. The Card system
also gives you 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.
To enroll into this program please
contact our 24 hour Customer
Care Centre. Our Representative will be happy to visit you and
assist you in the enrollment process.
Powerful
Benefits from ICICI Bank Corporate Card
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Benefits
to the company
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Benefits
to the employees
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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.
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Management
MIS
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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 you 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 you nominate your employees to become ICICI Bank's Corporate
Card Members, you can receive reports. These will tell you 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.
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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
Reduced
Administrative Burden
-
Single Payment instrument. One Card for all your T &
E requirements. The ICICI Bank Corporate Card significantly reduces
paperwork involved in processing and paying multiple vendor bills
across multiple travelers. It also eliminates the need to set
up credit lines with a range of vendors used by your corporation.
- Flexibility :
You can opt for a billing and payment methodology aligned to your
internal accounting and reporting procedures.
- Multiple Billing
& Payment Plan : We have the flexibility of sending bills
to individual Card members or to a single recipient in your Company.
You can also choose to pay ICICI Bank centrally or let individual
Card members settle their own bills.
- Access to single
vendor for all your travel related needs : As an ICICI Bank
Corporate Card customer, you can access International Travel House
Ltd our travel partner, allowing you the convenience and efficiency
of dealing with a single quality supplier for all your travel
related requirements.
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Option
of Individual and Corporate liability
You have the option of opting for the Corporate Card programme with
individual or corporate liablilty.
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Benefits to the employees
Convenience
-
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 travelling overseas.
- Lost/stolen Card reporting
- Emergency Card replacement
- Emergency cash disbursement
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Security
/ Insurance Cover
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Photo and Signature
option for Individual Card Members |
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Limited loss Card
liability. Post reporting the loss of Card, liability is Nil. |
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World Class
Service
24 hour customer services delivered to international standards from
- WEST: Mumbai,
Pune, Nasik, Aurangabad, Indore, Bhopal, Ahmedabad, Surat, Baroda,
Anand, Goa, Nagpur.
- NORTH :
Calcutta, Delhi, Jodhpur, Jaipur, Udaipur, Chandigarh, Ambala,
Panipat, Karnal, Patiala, Jallandhar, Ludhiana.
- SOUTH : Chennai,
Hyderabad, Coimbatore, Madurai, Mysore, Vishakapatnam, Cochin,
Bangalore, Mangalore, Trichy, Salem, Erode.
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Membership
Rewards
ICICI Bank Rewards Plus Programme. Opportunity to participate in
the most powerful Rewards program in India. For every Rs.1000 you
charge to the ICICI Bank Corporate Card you 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.
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Other
Benefits to Card Members
- Emergency Assistance Services that enables Card Members to
obtain emergency legal/medical referrals while traveling overseas.
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