Benefits Of Using Corporate Credit Cards

Dec 01, 2020 - 10:27 AMAuthor - Kenneth

benefits-of-using-corporate-credit-cards

Corporate Credit Cards


Unlike a business credit card, corporate credit cards are specially designed for established companies to further issuance to their employees. It enables the employees of a firm to spend on authorized business expenses such as hotel stays, or plane tickets, etc without the necessity to use their own card or cash. These cards, also known as commercial credit cards enable employees to act as a business traveler in their firm’s name with their name on it. With the help of this card, the employees can pay for a range of business activities authorized by the company. It makes it easier for employees and employers to manage expenses and several perks.

Now, what are the benefits of Corporate Payment Cards Service For Corporate Clients and to the companies? Here they are as follows:

Benefits Of Using Corporate Credit Cards


1. Better Expense Management - As the corporate credit cards can be smoothly integrated with the employee’s travel and expense management system, the employees can simply import the card statements into an expense report and easily conduct spend analysis reports. The employees can perform this task by using the mobile expense management application. The automatic reconciliation makes it easier to match the card transaction with the corresponding expenses based on factors like the date and the exact amount.

2. Increased Visibility
-The corporate credit cards make it easy for the employers to set up spend limits i.e. an amount that a traveler can spend overall or per transaction before handing over the cards. It enables the company owners to track the business expenses as well as validate them without paper receipts.


3. Cash Rebates - The most favorable part of Corporate Payment Cards is to get an annual cash rebate on purchases. This rebate can differ from provider to provider and from 1 percent to 5 percent depending on the card issuer and the type of purchase made.

4. Reduced Expense Fraud
- One of the main benefits that enabling corporate companies to prefer corporate credit cards is to eliminate the possibilities of receipt manipulation. It happens when the employees generate fake receipts for expenses or intervene with the actual amount spent. These corporate credit cards provide complete access to the employers to the details of all the transactions. So, if there are any refunds, it gets processed back to the same corporate card used.


5. Team Satisfaction
-  Another most important benefit of corporate credit cards is employee satisfaction. For example, if they are required to book any business conferences, it can cost much to them each month while with corporate credit cards, they can eliminate this need of paying out of their pocket.


Corporate credit cards play a vital role in large corporations consisting of a huge number of business travelers and looking for a way to control their expenses. The corporate credit card enables employers to set spending limits, track spending, and monitor compliance.

Most Recent Blogs View All Blogs

18 Oct

Technologies And Trends Reshaping The Future of Global Trade

The global pandemic of Covid-19 has accelerated the speed of adopting digital technologies...

29 Sep

How the Shipping Industry Responded To The Global Covid-19 Pandemic?

The sudden outbreak of the coronavirus caused chaos and panic across all over the world, led to a gl...

28 Sep

Increasing Freight Costs Are Becoming A New Matter Of Concern For Global SMEs

The sudden outbreak of the Covid-19 hit hard in 2020 and left its tremendous impacts on the global e...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.