Corporate Credit Card

Corporate Credit Card is a type of credit card that could be issued to selected employees of the organization for their official use. It is aimed to provide an easy way of managing official tours and travel related expenditures through elimination of existing cash advance system.

Benefits of Corporate Credit Card are:

  1. Facilitating online purchase of any item;
  2. Quick and easy bookings and payments for all travel expenses such as hotel bookings, purchase of air tickets, etc.
  3. Providing Cashless transactions;
  4. Interest free credit facility for a duration ranging between 15 to 45 days based on the time of transaction;
  5. Monitor compliance with spending policies of the organization;
  6. Enhance travel security and convenience with potential to control the unnecessary expenditure; and
  7. Worldwide acceptance.

Fees & Charges:

One-time joining fee Nu. 2, 499/- per Card
Yearly maintenance fee Nu. 999/- per Card
Replacement fee Nu. 200/- per Card
Interest 2.5% per month. This is applicable only if not paid on due date.
Late Payment fees Nu. 200/- or 0.5% of the outstanding amount, whichever is higher. This is applicable in addition to the applicable interest of 2.5% per month, if minimum amount due is not paid on due date.

Application Process

  1. Submit application to Cards Division, BOBL Head Office, Babesa, Thimphu.
  2. Cards Division shall further submit the application to RMA and seek approval based on the justifications provided in the application.
  3. Organizations having FC account can directly fill up the Application Form available on website and Submit to Card Division through any of the BOBL Branch offices.

Differences between

Personal Credit Card Corporate Credit Card
Applicant is Individual Any Organization as approved by RMA and those having FC A/C with BOBL
Card Issued to Individual Card Issued to employees of the Organization
For Personal Use For Official use only-not for personal use
Payment made by individual Payment by Organization for all its employee having Corporate Credit Card
No restriction on use of Credit Card Organization can stipulate restrictions of use on some item such as Jewelleries, Electronic, etc…
Issued based on individual Credit worthiness Employees’ credit worthiness is not considered

Corporate Credit Card-Domestic

coporate_Card Download Corporate Credit Card Domestic Application From

Applicant/Eligibility:

  1. Organizations incorporated under Companies Act, Government agencies, Ministries and other agencies, as approved by RMA.
  2. Organizations having INR Account with BOBL

Usage

  1. In Bhutan, India and Nepal
  2. For official purpose, as decided by organization-POS Swipe

Payment

Bill Payment has to be made by the organization.

Limit

As decided by Organization (Maximum Nu.150,000/- per Card).

Terms & Conditions:

The detailed terms and conditions are covered in an agreement, which will be signed with the organizations.

Corporate Credit Card-International

2 Download Corporate Credit Card International Application form

Applicant/Eligibility:

  1. Organizations incorporated under Companies Act, Government agencies, Ministries and other agencies as approved by RMA.
  2. Organizations having Foreign Currency Account (USD) with BOBL

Usage

  1. In Countries other than Bhutan, India and Nepal
  2. For official purpose, as decided by organization-POS Swipe and Online

Payment

Bill Payment has to be made by organization.

Limit

  1. As per RMA approval
  2. As per the balance in Foreign Currency Account for FC account holders.

Terms&Conditions:

The detailed terms and conditions are covered in an agreement, which will be signed with the organizations.

Download Corporate Credit Card Form

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