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A
corporate credit card,
also called a commercial credit
card,
is issued to employees by
established companies or
organizations for authorized
business expenses such as
accommodations and plane
tickets. A corporate credit card
is a great way to improve a
business’ expense management. It
allows an employee to spend on
business-related items without
having to use their personal
cash.
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A Corporate Credit Card
functions the same way a
personal credit card does, but
with a bevvy of lucrative perks
in tow. These perks come in the
form of cashback or cash
credits, shopping vouchers,
complimentary travel insurance,
air miles, waived foreign
currency charges, and more.
All verified transactions and
the annual fee are paid for by
the company, although the
process of payment hinges on the
account’s liability terms.
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Corporate Card vs. Business Card
A
corporate credit card should not
be confused with a business
credit card, which also allows
employees to pay for
business-related items without
having to use their personal
cash. But these two types of
cards have key differences in
three areas: eligibility, usage,
and liability.
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