5 Unmissable Benefits of Business Platinum Debit Card

Posted by John Judge on May 11th, 2021

Businesses can take advantage of their debit cards, provided it is the right one. One such type of card that comes with many benefits is the business platinum debit card by Visa offered by many banks. This post will help you learn how business platinum cards can uplift your business and financial health. Keep reading.

A successful business requires a sound financial system in place. This includes effective management of aspects like money influx, storage of money, and how quickly you can access your money. Business owners often turn to debit cards since they can help them manage their business's financial affairs. What better alternative can you get if the debit card is Visa’s business platinum card.

Here are 5 benefits of business platinum cards that are attracting business owners to get it:

  1. Increased Withdrawal and Purchase Limit: Since a business usually deals with transactions in big amounts, the limit on purchase and withdrawal should be more than normal. These business debit cards come with an increased withdrawal and purchase limit. This limit normally stretches from Rs. 1,00,000 to Rs. 2,00,000. Thus, whenever you need to purchase materials or need immediate cash, you can rely on your business card.

  2. Purchase Protection on the Goods: The banks offer additional support to the business owners with purchase protection. Thus, if you purchase goods through a debit card and these goods get damaged during transit, then you can file for cover on these damages. The banks will then reimburse you the transaction money up to a certain amount paid.

  3. Protect your money with CLC: Like every other item, debit cards are also prone to get lost or stolen. But this should not mean that your money is in danger. Banks protect your money with 'Card liability Cover (CLC)', which means that you are not liable to pay the money up to a certain amount on the transactions processed through your lost card. It is vital that you quickly inform the bank about the fraudulent transactions to ensure you are covered. 

  4. Accidental Death Cover: Undoubtedly, insurance is an important financial tool. It acts as a protective shield for your loved ones and strengthens them financially in your absence. With a Visa business platinum debit card, you will also get a personal insurance cover on accidental death. The cover comes with an amount stretching from Rs. 2,00,000 to Rs. 5,00,000 lakhs that varies from bank-to-bank. Since this is a complimentary cover, you do not have to pay any fee for it. 

  5. Additional Perks on Card Usage: A Business platinum debit card also impacts the way you spend your money. Whether you are at an e-commerce website shopping for new items or are out with your family for dinner, the card will fetch you exciting discounts and cashback. Since the banks partner with companies from prominent sectors, you can look forward to discounts on entertainment activities and medical expenditures.

A business platinum card is an apt financial product that can help business owners from varying backgrounds. However, the business owners need to keep an eye on certain details like withdrawal limits and purchase limits since these limits are unique with every bank. You must compare the features offered and then select the one that is the most suitable for you. Don't forget that at the end of the day, the aim is to find a compatible financial solution as per your business needs. 

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John Judge

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John Judge
Joined: February 19th, 2019
Articles Posted: 14

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