Corporate Credit Cards


Corporate Credit Card is a type of credit card that can 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 expenditure by eliminating existing cash advance system.

Benefits

  • Facilitating online purchase of any item

  • Quick and easy bookings and payments for all travel expenses such as hotel bookings, purchase of air tickets, etc

  • Providing cashless transactions

  • 24/7 account enquiry and Credit Card activation at your fingertips

  • Instant email alert service for every transaction

  • Interest free credit facility for a duration ranging between 15 to 45 days based on the time of transaction

  • Monitor compliance with spending policies of the organization

  • Enhance travel security and convenience with potential to control the unnecessary expenditure

  • Worldwide acceptance

Application Process

  • Submit application to Cards Division, BoB Corporate Office, Babesa, Thimphu through any of the Bank of Bhutan Branch Offices

  • Cards Division shall further submit the application to RMA and seek approval based on the justifications provided in the application

  • Organizations having FC account, USD/INR can directly fill up the Application Form available on the website and submit it to Cards Division through any of the BoBL Branch offices

Eligibility

  • Companies incorporated under the Companies Act

  • Government agencies and ministries

  • Organizations with foreign currency account

  • Any other agency like Hotels and Travel Agents approved by RMA

Required Documents

  • Certification of incorporation/registration (corporate)

  • Trade license (Business)

  • Audited Account Statement (Balance Sheet & P&L)/Companies’ Bank Statement

  • Identity Card/Passport copy of the applicant(s)

Usage

  • Valid in all countries

  • For official purpose, as decided by organization-POS swipe and online purchases

Payment

  • Bill payment has to be made by the organization

Limit

  • As decided by organization for domestic usage and USD limit approved by RMA for international usage

  • Equivalent to the balance in Foreign Currency account

Note: To avail ATS on Card, need to provide valid passport copy and confirmed air ticket to Third Countries

Security

  • Secured by the latest EMV Standard-Chip and PIN

  • Bank of Bhutan EMV Credit Card comes with embedded microchip, which provides additional security against counterfeiting/duplication of the card. It also provides an extra layer of security with Personal Identification Number (PIN)

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.
Forex Transaction Fees 1.5% on Transaction Amount

Terms & Conditions

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