Difference between Corporate Credit Card and Purchase Credit Card

[CXO]

What is the difference between Corporate Credit Card and Purchase Credit Card?

I'm specifically referring to HDFC's ones. (If there are any better ones, please suggest.) From a rewards point of view which one is better.

What I understand is both are on the Corporate (company) PAN and not individual PAN. While the Corporate credit does include your name.

I'm looking for the best one to have on the company PAN (so it doesn't mix up with my personal pan) and also to add GST.

Thanks in advance

 

[Tejo]

What is the difference between Corporate Credit Card and Purchase Credit Card?

I'm specifically referring to HDFC's ones. (If there are any better ones, please suggest.) From a rewards point of view which one is better.

What I understand is both are on the Corporate (company) PAN and not individual PAN. While the Corporate credit does include your name.

I'm looking for the best one to have on the company PAN (so it doesn't mix up with my personal pan) and also to add GST.

Thanks in advance

Main difference.

1. Purchase cards - interest rate less and txns settlement fast.

2. Corporate cards - Similar with Normal CC TnC but issued for company's only.

 

[drsel]

Corporate cards have higher MDR, like 3%

 

[Hell_Kitty]

Purchase Cards (P-Cards) and Corporate Cards are two types of credit cards issued to employees by businesses, but they serve different purposes and have distinct features.

Here's a comparison between the two:

Feature​	Purchase Cards (P-Cards)​	Corporate Cards​
Primary Use	Specific procurement-related purchases (e.g., office supplies, small equipment).	General business expenses (e.g., travel, lodging, meals, client entertainment).
Spending Controls	Highly restricted, often limited to certain vendors and purchase categories.	Broader usage, with fewer restrictions, typically used for travel and entertainment.
Reconciliation	Requires detailed reconciliation with receipts, invoices, and statements.	Requires expense reports, focusing on business purpose and policy compliance.
Approval Process	Often requires pre-approval, especially for large or non-standard purchases.	Typically requires post-purchase approval through expense reporting, pre-approval for large expenses.
Risk Management	Stricter controls, with close monitoring to prevent fraud or misuse.	Managed through spending analytics and policy adherence, with alerts for non-compliance.
Employee Accountability	Strict adherence to procurement policies, with detailed documentation required.	Responsible for timely, accurate expense reporting; adherence to broader company policies.
Best Suited For	Streamlining procurement processes and enforcing compliance with specific purchasing rules.	Managing diverse business expenses, particularly those incurred during travel.