Best corporate credit cards in the US for 2025

● Overview

Volopay’s corporate card program offers virtual prepaid cards linked directly to a card management dashboard.

Card payments are taken care of from start to finish, starting with card issuance to general ledger reconciliation.

● Key features and benefits

Get features like automated multi-level approval workflows, accounting integrations, customizable spend controls, and many more by using Volopay corporate cards. Recording payments and controlling budgets are guaranteed to be effortless.

● Limitations

Volopay corporate cards are prepaid, meaning that businesses don’t get offered a credit line. While this may be a limitation for businesses specifically looking for credit, Volopay’s other features compete with the best corporate credit card programs.

● Fees and charges

Details on fees and charges depend on each business’s specific needs. Volopay is committed to appropriate and fair pricing without hidden fees. Businesses will know exactly how much they’re spending.

● How to apply

Applying for Volopay corporate cards is a fully online process. Book a demo or speak with a sales representative to start the application process. There’s no need to go to a bank branch to start using Volopay cards.

● Overview

Brex is one of the best corporate credit card programs for businesses that have a lot of travel needs. Not only can businesses earn points quickly with Brex, but it also offers dedicated travel and expense management.

● Key features and benefits

Businesses can get high multipliers of points on certain categories of spending, allowing them to trade those points for rewards like airline miles to save on business expenses.

These rewards require a certain payment scheme but can be earned with no annual fees.

● Limitations

Brex incentivizes its users to earn higher rewards by making daily payments. Businesses that cannot meet the daily payment requirements will not be able to take full advantage of the rewards system.

● Fees and charges

The lowest annual fee Brex charges for its corporate credit cards is $0, but bigger companies that require custom controls will likely have to upgrade to the USD 12 per user/month plan or higher.

● How to apply

Brex’s website offers a short form that business owners or finance managers can fill out to get started with the application process. Further details will be provided once the form is submitted.

● Overview

The Ramp Visa corporate card is designed to be an all-in-one corporate credit card complete with an expense management platform to streamline business expenses. Ramp aims to simplify the way businesses manage their finances.

● Key features and benefits

Businesses can get 1.5% cashback on all purchases made with a Ramp Visa corporate card. Ramp also offers a high credit limit along with its expense management features.

● Limitations

While Ramp can be one of the best corporate credit cards for large business owners, small businesses need to have at least USD 25,000 in a US business bank account to be able to qualify for the Ramp Visa corporate cards.

● Fees and charges

Businesses can start using the Ramp Visa corporate card for free with a USD 0 annual fee, but paid subscriptions are also offered to unlock more features like custom controls and multi-currency support.

● How to apply

Getting started with Ramp requires businesses to either talk to a sales representative, book a demo, or immediately apply from their website. The application process can be done online.

● Overview

As a premium American Express card, the corporate platinum credit card is geared toward executives and travelers.

This card is suited for businesses that have frequent travelers who can benefit from airline credits, TSA precheck credits, and many more travel-related perks.

● Key features and benefits

Businesses can collect points with every purchase they make on their American Express corporate platinum card, with partnerships with many individual and corporate membership rewards programs.

● Limitations

Compared to other corporate credit card programs, American Express cards can have heftier annual fees. Businesses also don’t get an unlimited number of cards.

● Fees and charges

There is an annual fee of USD 550 for the American Express corporate platinum card. However, American Express also offers perks like airline fee credits, which if cardholders choose to use can make the annual fee even more worth it.

● How to apply

Potential American Express corporate platinum cardholders can make a call to American Express to begin the application process. The website states that making a call or requesting to be called is the only way to get started.

● Overview

Businesses get access to virtual corporate cards with Bill’s Divvy corporate card program, which means that businesses can provide every employee with cards. 

● Key features and benefits

Depending on the credit payment scheme, Bill Divvy corporate cards have flexible reward rates while allowing every employee to get a card to use for business expenses.

● Limitations

Unlike some other corporate cards, Bill Divvy corporate cards offer no sign-up bonuses, with its rewards program starting at a lackluster baseline and requiring businesses to pay off their credit bills in full weekly instead of monthly to get better rewards.

● Fees and charges

For its Divvy corporate cards, Bill charges USD 0 in monthly fees. It is only if businesses want to access Bill’s AP and AR products to complement the corporate cards that they will need to pay a fee.

● How to apply

Requesting a demo is required to get started with the Bill Divvy corporate card. All a potential Bill customer needs to do is fill out a form on the website to get a demo booking and access the application process.

● Overview

Get rewards with the U.S. Bank commercial rewards card while maintaining tight control over business finances. The U.S. Bank offers expense management tools and accounting integrations.

● Key features and benefits

The rewards that businesses get from their U.S. Bank commercial rewards cards are customizable.

Businesses can choose to get a 1% rebate or get 5x points on car rentals, 4x points on accommodations, 3x points on airlines, and 1x points on every other purchase.

● Limitations

To use the U.S. Bank commercial rewards card, businesses must have an annual revenue between USD 10 million and USD 150 million, making it a steeper requirement for small businesses. 

● Fees and charges

The U.S. Bank charges no annual fees for its commercial rewards card programs. Similarly, there are no platform fees applicable, unless the business wishes to apply for the bank’s full travel and expense platform.

● How to apply

Businesses can quickly fill out a short form on the U.S. Bank’s website to be connected with a sales representative and start the application process. Alternatively, calling or emailing directly is also an option.

● Overview

Expensify is a spend management software provider that also offers corporate cards that can be used by small business owners and large enterprises alike. Expensify Visa corporate cards come in both physical and virtual forms.

● Key features and benefits

Using Expensify’s Visa corporate cards guarantees businesses 1-2% cashback on every US transaction. Expensify also offers spend control features for all cards. 

● Limitations

Due to the amount of services users can get with Expensify, there is a steeper learning curve. Even those who know what is the best corporate credit card for their business may not find it immediately intuitive.

● Fees and charges

Expensify charges USD 5 per user for businesses to start using their platform. Users will get cards and other spend management services. Cashback earned can also be used to pay the fees. 

● How to apply

Businesses that would like to apply for an Expensify Visa corporate card can sign up through the website by answering a few simple questions and entering an email address or phone number before further details are provided.

● Overview

As a virtual corporate card solution, Airbase allows users to easily manage recurring payments without having to carry around or manage physical plastic cards.

Every card that is generated is easily trackable, complete with a full audit trail.

● Key features and benefits

All transactions made on Airbase corporate cards are automatically recorded and synchronized with the general ledger.

With analytic features, fraud detection, and other tools like payment scheduling, Airbase helps manage business expenses better.

● Limitations

Users have reported that despite liking Airbase’s simple and easy-to-use platform design, there is also a lack of customization and advanced features, which larger businesses may want from their corporate credit cards.

● Fees and charges

Businesses that want to start using Airbase will have to consult with a sales representative on what their pricing scheme will look like.

Airbase offers several pricing tiers depending on what the business needs out of the virtual cards they offer.

● How to apply

Airbase offers product tours on its website and potential users can schedule a demo in just a few clicks. Businesses can apply for virtual cards after attending a demo or getting in touch with a sales representative.

Corporate credit cards are not loaded with infinite credit. Each card will have a predefined credit limit, meaning that employees are only able to spend according to the limit.

Once the credit has been spent, the cardholder or the business will have to pay back the credit bill before the limit refreshes.

Being able to decide what the limits are on employees’ corporate cards is a crucial feature for businesses. This ensures that cards are used responsibly.

Not only do corporate cards make managing and paying for expenses less of a hassle for employees, but there are also other perks that employees can get by being cardholders. 

Some of the best corporate credit cards for large business corporations offer travel insurance, lounge access, and other perks that make traveling more enjoyable for frequent business travelers.

Employees also don’t need to worry about cash advances or other complicated expense processes.

Although there are different types of corporate card liability, the general bottom line is that the company is responsible for all business expenses made on these corporate credit cards.

Company liability allows individuals to not worry about their personal credit scores. 

Even with an employee’s name registered as the cardholder, ideally the card is still issued to the company.

This feature encourages users to separate corporate expenses from personal spending.

One of the biggest reasons why corporate credit cards can be lucrative for large companies is that they often offer travel benefits or other forms of incentives, such as rewards and discounts. 

Not only are businesses able to rack up points such as airlines or hotel miles for cheaper business expenses, but frequent business travelers may also get airport perks like lounge access, free drinks, or even travel insurance.

To answer what is the best corporate credit card program for any particular business, it’s important to understand the business needs first.

Different cards may offer different discounts, with some cards offering specialized vendor discounts. 

Logistics businesses, for example, may want to get a card that offer a lot of discounts in the logistics vendor space.

These discounts are also often more valuable for businesses compared to discounts from personal everyday credit cards. 

As corporate credit cards come with a complementary management dashboard, most programs have expense reporting features and built-in analytics.

Businesses should look for a platform that offers tools that can automate reporting and make it easier both for cardholders and the finance team.

Getting robust analytics is also key to strong card management. Take advantage of these analytics tools to make well-informed business decisions and plan budgets better.

Most of the best corporate credit card programs in the modern day offer accounting integrations that are easy to set up.

It should only take a few clicks to integrate the card management dashboard with whatever accounting system the business is already using.

Getting the ability to perform direct sync from one platform to another can significantly reduce the manual data entry work required to record expenses quickly and accurately. 

Modern corporate credit cards are all about suiting the company’s needs. A key feature that more corporate card programs are now offering is customizable control settings. Businesses can tune their settings to exactly what they need.

Smaller businesses may want to limit their monthly spending to a lower amount, while bigger businesses may want to automate approvals for smaller payments. Card controls are fully customizable to adapt to the business’ policies.

Corporate cards should be able to offer a higher standard of security for businesses.

These cards don’t just replace cash as a payment method, but they also make funds easily accessible with just a single card.

Because of their convenience, corporate cards must have advanced data security features like encryptions, two-factor authentication, PIN numbers, and more.

Ensure that there are multiple layers of security to keep funds and sensitive data safe.

Put simply, corporate credit cards are meant to streamline the expense management process for businesses.

Not only are businesses reducing the need for reimbursements and cash advances, but they can also easily track how the company funds are being spent.

Empower employees by giving them a payment tool that they can use with ease while still maintaining a high level of control. It’s easy to limit transactions and manage budgets with corporate cards.

Separating business expenses from personal spending is beneficial for businesses for a lot of reasons. It creates less confusion when accounting for each type of expense and promotes better budgeting.

When it’s clear which expense belongs to which category, businesses can easily track how much they’re spending.

Reconciling expenses also becomes smoother as separating business and personal expenses takes out the extra step of manually sorting each expense entry. 

Considering that the best corporate credit card programs offer card management platforms with a full suite of control features, it’s no surprise that businesses that make the switch to corporate cards can access enhanced spend controls.

Plenty of providers have built-in customizable options to allow businesses to adjust the way they are controlling their spending according to their policies and needs.

Curbing overspending is easier with automated tracking, budgeting, and predefined limits.

A company may know that it has funds but has no way to access them due to payment processing times.

Companies might also have to wait a few days until the customer has initiated the payment. Regardless of what the reason is, it will impact the business’ cash flow.

Corporate credit cards can help businesses improve their cash flow management, as it is possible to make purchases even without cash on hand. 

Having access to a credit line can provide businesses with better ways to improve their cash flows. It also allows companies to have a safety net in case of delayed customer payments.

The ability to still make purchases helps businesses make time-sensitive payments and strategic expenses in a timely manner even when there is a delay in their cash inflow. However, keep in mind that every dollar still needs to be carefully accounted for.

Most corporate credit cards are equipped with security measures that make them a safer payment alternative compared to cash.

Not only are cardholders required to create a PIN to use for in-store transactions, but online transactions also usually come with two-factor authentication.

If a card is compromised, corporate card providers also make it easy for the management team to freeze or block the card with just a few clicks. 

Ensuring that vendor payments are made on time is key to maintaining good relationships with them. Using a corporate credit card makes it easy to initiate payments and settle them quickly with little hassle on both sides. 

Vendors will appreciate it when they don’t have to jump through hoops to settle payments. Great vendor relationships also help with negotiating better deals and getting discounts for early payments.

While corporate credit card misuse can be costly, the best corporate credit card programs in the US offer tracking features and built-in compliance tools that will improve the way businesses manage their spending.

Introduce a higher level of compliance and ensure that all employees are held accountable.

By utilizing automated approval workflows and flagging suspicious expenses, business owners can be rest assured that compliance with company policies and local regulations is maintained. 

Most of the best corporate credit card programs available provide their users with a card management dashboard or application that automatically tracks card usage. Businesses can even opt to get email or text alerts when expenses go through. 

Using corporate credit cards to make business expenses often provides a higher level of transparency. Get access to real-time spend visibility and always be aware of how every dollar is spent.

Rather than struggling with tedious and slow reimbursement processes, corporate credit cards provide an alternative to making payments without having to use employees’ money.

Reduce the reimbursement workload to make the overall process faster.Corporate credit cards can also consolidate reimbursements.

Even with individual liability, the finance team no longer has to individually reimburse each purchase. Rather, they can send employees money once a month instead.

Rather than carrying wads of cash, the best corporate credit cards for large business enterprises offer more convenience and flexibility for making payments. Employees only need to carry a single card, making transactions on business trips easier. 

With predefined credit limits, the finance team can also easily control how much employees are spending without having to go through the hassle of managing cash advances or reimbursements. Controlled spending is easier than ever.

One of the appeals of using a corporate credit card rather than a personal or debit card is that corporate cards often offer more rewards and travel perks.

For example, what is the best corporate credit card for a business that has a lot of travel needs may be one with lucrative airline miles rewards and airport lounge access.

Businesses can make traveling more comfortable for their employees while simultaneously saving money by racking up reward points.

With corporate liability, the company which the cards are under is fully liable for purchases made on the corporate credit cards.

Employees don’t need to pay their credit card bills and wait for the organization to reimburse them for the bill. 

Rather, the company is billed directly for the credit usage. While this is less of a hassle for employees, the organization will have to exercise more control over expenses to minimize misuse.

An individual liability corporate credit card is the opposite of a corporate liability card. Cardholders are individually responsible for their credit bills during the end of the billing cycle, requiring them to pay off their transactions.

However, companies will reimburse employees after their credit bills are paid off.

Doing this introduces a higher level of responsibility on the employees and discourages them from misusing their cards, as reimbursements will have to be reviewed by the company first.

A joint liability card is exactly as it sounds, with both the cardholder and the company liable for expenses made on the corporate credit card.

However, this may mean different things for different organizations depending on the card payment scheme.

As a bottom line, both the company and the cardholder are jointly liable for transactions. Even if company policies state that the company will pay the credit bill, the cardholder will still be jointly liable for any card misuse. 

Introducing corporate credit cards to any organization is introducing a new workflow, so it is crucial that every employee that will be involved is clear on the expectations.

Establish guidelines on how to use corporate cards before allowing employees to use them.

Clear policies ensure that everyone is on the same page on what is the best corporate credit card management strategies.

Employees who will be using the new corporate credit cards must first be assigned as cardholders and issued the cards. Businesses may need some basic information from the cardholder to issue the cards.

Check that every cardholder is familiar with their responsibilities when using the card. Assign clear responsibilities for everyone in the process, including cardholders, managers, approvers, and the finance team.

Corporate credit cards should never be used for personal purchases. Make it clear to every employee that the sole purpose of these cards is to make business-related purchases. 

Aside from that, encourage employees to streamline business expenses by using their cards instead of cash.

Familiarize them with corporate cards as the primary payment method and eliminate the need to make out-of-pocket expenses. 

Although a lot of corporate credit card programs offer automatic spend tracking, it is still important for businesses to take advantage of these features and regularly monitor the company spending patterns.

Make sure to get spend updates in real time and have them easily accessible to the finance team. Automatic updates and regular monitoring of expenses will help curb overspending and card misuse.

Make expense categorization a habit in the corporate credit card management process. This helps businesses pinpoint how much budget a particular department or category needs to fulfill all its purchases. 

Some of the best corporate credit cards for large business operations with complex needs can easily and automatically categorize expenses, taking away the hassle of manually reviewing and categorizing each expense entry.

Despite the credit limit of each card making it easier to control the company’s spending, it’s still important to review each individual expense.

A key step to good corporate credit card management is introducing approval workflow.

Many card providers offer these workflows built into their card management dashboard. Each expense can be automatically routed to the appropriate approval workflow to be quickly reviewed.

Regularly reconcile expenses to ensure that every penny is accounted for. While this can be a time-consuming process to do manually, it’s important that businesses don’t skip the reconciliation process.

This is why the best corporate credit card programs for businesses offer real-time expense updates, accounting integrations, and automated reconciliation. Get a better handle on expenses while keeping the process hassle-free.

It’s important that employees are not only just aware of the policies surrounding corporate cards but also comply with them. Managers, executives, and finance teams must take steps to enforce compliance.

The usage of automated tools that help with reviewing expenses and flagging suspicious activity will help in maintaining compliance. Let employees know that expenses are being regularly reviewed and misuse will have consequences.

Make sure that employees make it a habit to report expenses accurately and on time. It’s best to always stay updated with expense reports to avoid unaccounted expenses and overspending. 

Many of the best corporate credit card programs offer tools that can automate the expense reporting process. When the process is hassle-free, employees are guaranteed to be more keen to stay on top of it.

If there are any reimbursements that need to be settled, ensure that they are executed in a timely manner. Businesses that use cards with individual liability may have to reimburse employees for card bills.

Late reimbursements will result in confusion, delays, and even employee dissatisfaction. It’s key that the business operation is not hampered by poorly planned reimbursement processes. 

Chances are the corporate credit card management plan will need updates and revisions along the way. Companies will figure out what works for them and what doesn’t as they keep on using the card.

Make sure to continuously make improvements and consider feedback from employees. These steps will allow the business to make changes that make the corporate card management process more efficient.

A company has to collect a lot of documents to apply for a corporate credit card, not to mention the complex application process, which will require businesses to correctly fill out the fields and provide the right supporting documents.

Even with a smooth-sailing application, there may still be a long wait time to get the application reviewed. If there are any issues with the application, that will add more time.

Most of the best corporate credit card programs will come with card management features, but the company will also have to enforce clear and strict policies to prevent employee overspending.

Without the right amount of oversight and a company-wide understanding of the policies, employees may be prone to overspending.

Issues may arise regardless of whether employees are overspending intentionally or otherwise, so be sure to keep a close eye on the credit limit. 

A lot of corporate credit card programs offer interest-free payments so long as companies pay their bills on time and in full. However, installments, partial payments, and late payments may result in interest charges.  

It’s important to make note of these interest charges before signing on with any corporate credit card program.

Make sure to ask what the rates look like as well as what the payment options are for interest-free credit repayment.

The best corporate credit cards for large business enterprises can be more costly compared to card programs for smaller businesses. Typically, larger businesses will need more features, better benefits, and a higher credit limit. 

Card programs that can meet these requirements may have higher annual fees and extra charges. Keep in mind what the company’s budget is and make sure to get a corporate credit card that suits the budget. 

Although corporate credit cards don’t often impact the owner’s personal credit score, they will directly affect the company’s credit score.

Poor management of corporate credit cards, misuse, or overspending can easily lead to poor credit.

Even with the best corporate credit card programs, companies will still have to establish clear policies and ensure that employees are using their cards wisely to not negatively impact the company’s credit rating.

Vendor disputes are not unique to corporate credit card payments, but card payments that go through a payment gateway and are not done directly in person can sometimes lead to miscommunication. 

These instances of miscommunication may lead to vendor disputes, which can be a hassle to manage. Businesses and their vendors are also relying on banks and credit card providers to help facilitate and resolve these disputes. 

Like any other tool, corporate credit cards can be misused in the wrong hands. If a card is compromised or gets stolen, the finance team will have to work quickly to block access to prevent further misuse.

Without the right procedures and policies, corporate cards can be used as tools for fraud attempts. This is why it’s key for businesses to have clear policies and preventive measures for fraud and misuse.

Introducing corporate cards to any organization adds another layer of expense management. In addition to managing cash advances, reimbursements, and transfers, the finance team will also have to account for card expenses.

While a card management dashboard can be a solid tool to help with managing card expenses, the team will need to be sure that they are comfortable with using the platform. It is also important to regularly monitor these expenses.

Those who know what is the best corporate credit card may already know that some of the best programs have minimum cardholder limits.

This could mean that smaller businesses that require less credit or only have a few employees who can utilize corporate credit cards might not meet these requirements. 

Businesses will have to meet these requirements by getting a higher credit limit than necessary or providing more employees with cards, or look for another card provider. 

Due to the way corporate card billing cycles work, the company’s reimbursement cycles will inevitably have to fall in line with them as well. This means that the organization will have to have fixed reimbursement cycles.

While this can provide better structure for the organization, it also leaves less room for flexibility. Urgent reimbursement needs may not be met accordingly depending on how far into the cycle they are.

As corporate credit cards are geared toward companies, most providers will require the business’ registration details to process the application.

Details such as the company name, registration number, and any other required legal details will be asked. 

These are usually accompanied by documents that verify these registration details. Make sure to ask a representative from the provider what details and documents are needed.

The employer, or owner, of the business will also be required to identify themselves. Although the corporate credit card will be applied for under the company’s name, it is still important to provide the employer’s identification.

A valid form of identification typically is an ID like a driver’s license. For expatriates, passports can also serve as a valid form of identification.

Most of the best corporate credit cards for large business owners will ensure that business credit is entirely separate from personal credit, including how credit scores are measured. 

Providers will ask for the business’s credit report and history during the application process, but if the business is new with minimal credit history, personal credit reports of owners and cardholders may be required.

There needs to be someone acting on behalf of the business to sign documents and discuss contracts regarding corporate credit cards.

Whoever this authorized signatory is that represents the business, the credit card provider will need information about them.

This would include their ID, their position in the organization, and any other required documents to prove their identity and ties to the company. 

Corporate credit providers need to be able to guarantee that their users are able to pay back their credit bills. When applying for a corporate credit card, providers are likely to ask for the business’s financial documents. 

This could be in the form of bank statements from the past 6 to 12 months, but additional documents may also be required.

Many corporate credit card providers only offer cards to businesses that have an entity that is registered and operating in the US.

To verify the business’ validity, providers may require proof of address alongside the registration details.

This would be a US office address or where the business’s operations are based in the US. Typically, residential addresses are not accepted.

Businesses are required to have a business bank account when applying for the best corporate credit card programs.

Typically, businesses are able to open a business bank account with the credit card provider if the provider offers banking capabilities.

However, some providers will require their users to have a business bank account that was created previously to be able to share past bank statements.

Some corporate credit card providers have a company revenue requirement that businesses have to fulfill before they are granted credit.

Not only will businesses need to state what their annual revenue is during the application process, but proof will also be required.

It is also not uncommon to state this information for the provider even without a minimum requirement, especially when requesting higher credit limits.

A detailed card usage policy benefits the company more than it does the card provider. Regardless of whether the provider requires it to be submitted or not, the company should still draft a clear and concise policy to share with employees.

Having a card usage policy ready also helps answer any questions that the provider may have regarding on how the company is planning to use corporate credit cards.

Companies will not be able to decide what are the best corporate credit card programs for their organizations before they know they understand their business needs.

Before looking for corporate cards, it’s important to list down what uses the business has for cards and what pain points they will solve. 

Having a clear objective in mind will make narrowing card provider options for the best fit a much easier task.

Research is key in finding the best corporate credit card programs. For large business owners, they may want cards that are designed for large volumes of transactions or cross-border payments. Smaller business owners will aim for ease of use.

Regardless of what the business’s needs are, it’s good practice to lay out multiple options and compare and contrast them against each other. This way, the company is guaranteed to have the best option.

Before applying for a corporate credit card, companies will want to review their credit history. Unsecured corporate credit cards will require a good credit score for the business to get approved for one.

Businesses that don’t have a sufficient credit score or history may want to look for secured corporate credit cards or look for providers that allow them to apply with a personal credit score.

Different card providers have different fees and pricing plans. Knowing what is the best corporate credit card for a particular business depends on what the budget is.

Make sure to set a budget for annual fees and other costs, as well as factor in interest rates.

It’s best to compare what the fees and interest rates are for multiple card providers. Keep in mind that the cheapest cards may not always have all the necessary features for the business.

Before applying for a corporate credit card program and issuing cards to employees, businesses should first create a usage policy and establish how to enforce policy compliance. 

A policy helps to lay out the foundations for training employees on how to use their corporate credit cards.

Businesses will also be able to ensure that the card program they choose allows them to enforce these policies with ease.

The best corporate credit card programs don’t just have the most complete features. Advanced technology is one aspect to look at, but it’s equally important to find proof of what card providers are advertising.

Reading customer testimonials and reviews will give businesses a better understanding of how a particular card provider operates.

Complete features paired with great customer service and fast responses, for example, make a promising corporate credit card program.

Make the application process faster by knowing what the requirements are. While the application process may differ from provider to provider, most providers will typically require similar basic information and documentation.

Gathering all these documents in advance will make applying for a corporate credit card much smoother.

These documents may include business registration documents, licenses, identification documents, proof of residence, and more.

It’s always best to check which documents are necessary with a representative.

Companies will have to fill out an application form to get a corporate credit card, which the provider will then review before a card is issued.

Make sure to completely fill out the application to avoid any complications during the review process.

Every application process may look a little different. It’s important to follow the application instructions carefully. Many businesses may prefer applications that can be filled out entirely online.

Make managing corporate credit cards easier by integrating them with the organization’s existing expense management system.

Many card providers offer integration capabilities, while some others have built-in expense management. 

Regardless of which direction is taken, using an expense management system with corporate cards allows organizations to track and manage card spending.

Minimize overspending by getting automatic updates on transactions and setting customizable limits. Compromised cards can be easily spotted and actioned on.

Once a system is put in place and the cards are ready to use, the only thing left for a business to do is issue corporate cards to their employees.

Businesses should keep in mind the specifics of how to do this, as different providers may have different methods.

The bottom line is that companies will want to issue cards only to employees who have a good reason for using a corporate card. 

The best first step a company can take to ensure that corporate cards are used wisely and responsibly is to create clear usage policies that include all the details and expectations from their corporate credit implementation. 

This gives every employee a framework to adhere to, allowing everyone to stay on the same page. Make sure that every action has enough details provided and that consequences for noncompliance are outlined accordingly. 

It’s not enough to just have clear and cohesive policies. Companies also need ways to enforce these policies, with spend controls being a key feature for good corporate credit card management.

The best corporate credit card programs will offer built-in spend controls. Take advantage of spend control features and ensure that the finance team is familiar with them.

They take out the stress from manual administrative work while maintaining a higher level of control.

It’s key to familiarize all employees with corporate cards and the program that the company is using. Employees should know what is the best corporate credit card program and what makes that program the best fit for the business. 

Host training sessions and address any questions or queries employees have. Maintaining proper communication while using the corporate card program will ensure that everyone is using it accordingly and effectively. 

After employees have been familiarized with the policies, spend control features, and corporate credit card program, make it clear to everyone that adherence and compliance to the policies are of utmost importance.

Ensure that employees understand the gravity of the policies and why they are in place.

With the help of tools and features such as automated expense records and built-in spend controls, ensuring adherence is less stressful for the finance team.

Receipts serve as proof of employees’ purchases. This is why it’s important for any business to document all receipts for business expenses.

They can also be used to perform matches with the existing card expense records. Make sure that there are policies about how receipts should be documented.

Using a tool to digitally scan and store receipts will significantly improve the process, especially compared to manually storing paper receipts.

The best thing a business can do to manage their card spending accordingly is to ensure that employees are submitting expense reports on time.

This allows businesses to easily track how, when, and where every penny is spent. Delays in this process are costly, sometimes leading businesses to overspend or make duplicate payments.

Timely expense reports also help prevent fraud attempts and promote better accountability across the board. 

Corporate credit card reconciliation is key to any business. When introducing corporate credit cards to the organization, make sure that all card transactions are reconciled regularly for better visibility.

As a business scales, it will have more expenses. Some of the best corporate credit cards for large business owners help them tackle complex and time-consuming processes regardless of size.

Get access to automated reconciliation and reimbursement features to help with timely processing.

Corporate card programs are not stagnant. Even with the best corporate credit card programs, businesses may find themselves having to deal with agreement changes while utilizing these cards.

Make sure that these changes are reviewed accordingly and plans for the company’s card usage are outlined before they are implemented.

It’s important that any queries and questions are addressed with a representative of the card provider when changes happen.

One of the most effective ways to curb overspending is by keeping a close eye on the company’s business spending patterns.

It’s easier to see where the company might be overspending and where employees can make budget cuts.

Choose a corporate card program that provides advanced insights and makes it easy to visualize spending patterns.

It’s good practice to regularly review and analyze these patterns to come up with better budgets and forecasts.

Creating a policy to ensure that corporate cards are used appropriately is a great start, but it is also equally important to continuously review these policies.

When circumstances change, policies must also be adapted accordingly. Take some time to perform regular reviews of the company’s corporate card usage and policies.

The company’s policies should support its needs and fit the company. It’s a good idea to get feedback from employees on existing policies. 

Streamline the way you manage your expenses with a virtual prepaid card like no other. Volopay’s corporate cards come with a card management platform where you can view all your card expenses.

Centralize the card expense management process from start to finish. All you need is your Volopay dashboard to generate virtual cards, top them up, record expenses, and sync with your general ledger.

Cut out delays in the approval process with Volopay. There’s no need to go from desk to desk to chase after approvers when just like the best corporate credit card programs, Volopay also offers automated approvals.

Set up predefined card limits to get instantly approved transactions. After each transaction is made and reported, route them for review and ensure that they go through the appropriate workflow automatically.

We know how stressful hidden fees can be, especially when your budgets don’t account for them. Volopay is committed to being transparent with our fees so that you never get any surprises.

Ensure that you don’t have to deal with hidden fees with Volopay corporate cards. Complete with a card management dashboard to automatically calculate all your expenses, you’ll know how every single cent is used.

Even if you know what is the best corporate credit card, your business can benefit from a virtual prepaid card program. Every dollar you spend is guaranteed to be budgeted accordingly with prepaid cards.

With Volopay, it’s easy to generate as many virtual prepaid cards as your business needs. Each expense can have its own secure virtual prepaid card specifically generated for that purpose.

Volopay provides businesses with automated real-time tracking that helps you monitor how every single cent is spent by your organization. Know exactly when, where, and how your corporate cards are being used.

Finance teams don’t have to rely on slow manual expense records. Volopay’s real-time tracking improves accountability, visibility, transparency, and accuracy with very minimal hassle.

Our security features are on par with the best corporate credit card programs in the market, ensuring that your data and finances are protected. From two-factor authentication to data encryptions, you can rest assured.

Volopay also offers powerful tracking systems and automated flagging of suspicious activities. Enforcing compliance on your card expenses has never been easier with our platform.

Make time-sensitive payments stress-free by using Volopay’s virtual prepaid cards. You don’t have to worry about payment delays with bank transfers when you can input your card number in any payment portal with ease.

Payments are instantaneous, allowing businesses to process transactions faster without compromising on security.

Every payment is easily trackable and two-factor authentication for each transaction can improve the security of your payments.

Volopay offers robust system integrations with your accounting software. It only takes a few clicks to integrate other existing systems your business is already using with your Volopay account. 

Get access to continuous direct sync to make closing your books easier and faster. You won’t have to stress about time-consuming accounting processes with integrations, ensuring efficiency and accuracy at the same time.