Visa corporate card and employee
credit card
Climbing the corporate ladder? Then don't slip
on a corporate credit card.
Used wisely,
corporate credit cards can help you simultaneously achieve career goals and
reap personal perks. Used poorly, they can lead to a corporate free-fall, or at
least a drop of a few rungs.
Corporate
credit cards and employee credit bank card
What is a
corporate credit card?
Corporate
credit cards are a distinct group within the greater credit card universe,
separate from both personal and small business bank credit cards. Companies may
provide their employees with corporate cards for the payment of approved,
business-related expenses, most often travel-related. Usually issued in the
company's name, corporate cards also display the name of the individual
employee cardholder.
(Visa corporate card and employee
credit card)
Unlike
personal and small business cards, corporate credit cards are offered by only a
few issuers. Corporate credit bank card accounts are generally established by
businesses using a banking relationship or via a deal negotiated directly with
a card issuer. In developing such a relationship, the company's credit is
considered, just as an individual's credit is considered when applying for a
consumer credit card.
Two types of
corporate credit cards
When it
comes to payment, corporate cards fall into two categories: individual payment
cards and company payment cards. Employees who are issued an individual payment
card are responsible for submitting their own expense reports, based on company
policy, and paying the issuer directly for any charges. With company-payment
cards, the employer picks up the tab for all company-sanctioned charges. The
employee may still pay the issuer directly for any unapproved or personal
charges.
(Visa corporate card and employee credit card)
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