RBL Bank RazorpayX Corporate Purchase Card
Comprehensive review of RBL Bank RazorpayX Corporate Purchase Card by Business Cards — fees, reward earning rates, airport lounge access, and key benefits.
RBL Bank RazorpayX Corporate Purchase Card
Card overview
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Business Expenses
- Reward type
Reward Points
Fees & charges
- Rewards redemption fee
₹99 + GST
- Foreign currency markup
2.5%
- Fuel surcharge waiver
1% waiver on transactions between ₹400 and ₹5,000.
- Cash advance charges
Nil
Product highlights
- This card comes with no joining or annual fee.
- The card offers up to 50 days of interest-free credit on purchases.
- Fraud protection coverage of up to ₹10 lakh for unauthorized transactions.
- It has a low foreign currency markup fee of 2.5% for international transactions.
Pros & cons
Pros
- Businesses can choose billing cycles that suit their financial schedules, such as monthly or quarterly.
- The Forex Markup fee is relatively low if compared with other business credit cards.
Cons
- No benefit on dining, entertainment, travel, golf, etc.
Frequently asked questions
Can I use this card for international purchases?
Yes, the RBL Bank RazorpayX Corporate Purchase Card can be used for international purchases, and it has a low foreign currency markup fee of 2.5%.
What types of purchases won’t earn reward points?
Purchases related to utilities, insurance, fuel, government transactions, and rental expenses do not earn reward points.
Can I choose my billing cycle?
Yes, businesses can choose from multiple billing cycles, whether they prefer monthly, quarterly, or yearly billing.
How long is the interest-free period?
The card offers up to 50 days of interest-free credit, meaning you can make purchases and not have to pay interest for up to 50 days.