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5 Business Credit Cards You Can Apply to Efficiently Manage Your Firm’s Finances

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RBI

Credit cards for businesses have been exclusively designed for organisations offering the same to employees to manage varied business expenses. Although business credit cards are primarily for small, medium, large and multinational corporations, they are provided to customers requiring a separate business account. Such cards help track expenses incurred out of business and keep them separate from personal accounts.

However, if you are wondering which credit card will suit your business’s unique needs, here, we have numbered some for your convenience.

5 Business Credit Cards to Manage Your Firm’s Finances

Listed below are some business credit cards offered by various reputed issuers in the country. Each comes with a certain set of features and benefits, and they are:

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  1. SBI Platinum Corporate Credit Card 

The SBI Platinum business credit card has been primarily designed by considering the Indian corporate clients’ and their business requirements. The card is available on the VISA platform, and cardholders can monitor their organisation’s expenses through VISA IntelliLink tool. This card is accepted at more than 35 million outlets across the world. Moreover, there is no joining or annual fee.

Benefits for businesses

  • The VISA IntelliLink spend management tool allows organisations to assess their spending patterns and manage expenses efficiently.
  • It comes with a complimentary insurance policy that provides coverage for corporate card liability against employee fraud.
  • Category control prevents certain spending and restricts control to fix daily, weekly, or monthly limits.
  1. Citibank Corporate Credit Card

This corporate credit card offers potent travel and expense spend management tools for organisations. It ensures simplified travel and entertainment expense and also offers various rewards for using the card across the world.

Benefits for businesses

  • This business credit card also offers VISA IntelliLink spend management tool to efficiently manage business expenses.
  • Organisations can access statements online, avail customised reports, use expense management tools and identify top suppliers for better negotiations.
  • Corporate credit card members can access consolidated statements.
  1. HDFC Corporate Credit card 

This premium category corporate credit card offers both travel and entertainment advantages to serve the requirements of varied organisations. Moreover, there are no joining or annual charges.

Benefits for businesses

  • Corporate card holders are eligible to get 24×7 access an online management information system.
  • Almost more than 50 MIS reports will help organisations to make informed decisions.
  • Offers spending assessment by category.
  • Reduces paperwork and facilitates compliance and reconciliation tasks.
  1. YES FIRST Corporate Credit Card

Such business credit cards have been designed to provide you with preferred payment across segments like air travel, car rentals, hotel stays, etc. Moreover, such cards are designed with features and user-friendly online tools that help authorise, process expenses, and track payment data.

Benefits for businesses

  • 24×7 MIS online tool provides an inclusive view of all corporate and employee expenses.
  • Offers up to 60 personalised reports scheduled on a weekly, monthly or daily basis for varied analysis.
  • Consolidated and integrated statements can be generated.
  • Ensures seamless integration with existing ERP system and expense management tools.
  1. Axis Bank Corporate Credit Card

The Axis Bank Corporate Credit Card offers comprehensive expense and travel management solutions to organisations and companies. This business credit card is widely accepted and features a customised solution that fulfils the requirements of most corporates.

Benefits for businesses

  • It comes with a unique online MIS that ensures efficient analysis and an informed decision-making process.
  • Comes with an efficient expense reporting system, the reporting process and claim settlement methods.
  • Efficiently manage travel policies and negotiations with prime suppliers.

Eligibility Criteria and Documentation for Business Credit Card 

The eligibility parameters for business credit card varies from one lender to another. However, you must fulfil the following parameters to avail the benefits of such credit cards:

  • Applicant age should be within the bracket of 21-70 years
  • Must be an Indian resident
  • Must be self-employed, proprietor or a partner in an organisation 

Note that salaried individuals are also eligible to use business credit cards if their employers provide them with one. In short, salaried individuals can’t apply for a business credit card on their own.

Apart from these, you must submit the following documents when applying for a business credit card:

  • Identity proof: KYC documents
  • Address proof
  • ITR for the last 2 years, financial documents related to business, business continuation proof
  • Current bank statement, salary slip of last 3 months 
  • Income proof

Note that such documents are indicative, and the lending institution may ask for additional documents if necessary.

Now that you have a fair knowledge of the best business credit cards available in India, you can select the one that fulfils your business requirements. In addition, some corporate credit card issuers also provide unique financial tools and services for monitoring business expenses.

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Net Worth

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Net Worth

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

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Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

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