Do you know that nowadays credit cards are not offered only for individual customers, but also for companies? In terms of features, this card actually has pretty much the same features as consumer credit cards in general. However, a corporate card is intended specifically for corporate expenditures and assigned to its employees, which makes it known as a corporate credit card.
If you are a business owner or manage a company’s operational expenses, a corporate card can be a smart choice since this product can give many benefits for your company. By using a corporate card, employees can make corporate purchases directly and independently. Records of the company's financial expenditures will also be recorded clearly.
A corporate card is a credit card given to employees holding certain positions or authorized employees in a company. This card can be used as a means of payment for transactions that are directly related to company expenditures. That’s why many companies currently look for corporate cards to support their current operational needs.
The advantages of having corporate cards include:
Nowadays, there are many banks that issue corporate cards for employees so companies can also choose which bank to provide their corporate card from according to their needs. Below are 8 fintechs and banks that provide corporate cards for employees in Indonesia.
1. Aspire Corporate Card
Aspire's corporate card is the most rewarding card in Indonesia for businesses of all sizes. Aspire corporate cards are accepted by international merchants for SaaS, business, travel spends and more. Apply online and get access to Aspire corporate cards in minutes. No monthly card fees required. What's more, earn 1% unlimited cashback on your online marketing, SaaS and travel spends with one of the most rewarding corporate cards in the market. Enjoy cash back on some of the most popular merchants across Indonesia and the world. You also get realtime visibility on all your spends.
2. Mandiri Corporate Card
Mandiri corporate card is a credit card issued to meet all the needs of the company's transactions and business trips by enabling companies to control every transaction made by their employees. There are two types of Mandiri corporate cards, namely Mandiri Corporate Card Gold with a limit of IDR 10 – IDR 40 million and Mandiri Corporate Card Platinum with a limit of IDR 40 million – IDR 1 billion.
3. BNI Corporate Card
BNI Corporate Card is a BNI corporate credit card that can be used by employees with certain positions or authority in a company. This card can be used as a medium of payment for transactions related to various activities of the company. There are two types of BNI Corporate Cards, namely BNI Corporate Card Gold and BNI Corporate Card Platinum.
4. Bank Mega Corporate Card
Bank Mega Corporate Card is a credit card made for every employee selected by a company. The card can help the company in managing operational costs, such as entertainment, meals, and business trips. Some of the benefits provided by this card include:
5. Maybank Corporate Card
Maybank Corporate Credit Card is one of the payment solutions for your company's business. The advantages of using this credit card include:
6. BRI Corporate Card
The BRI Corporate Card credit card is a BRI MasterCard credit card issued by the bank that can be used by employees who have been appointed by the company and meet all requirements in accordance with applicable bank regulations. This card can be used to finance expenses incurred when an employee is carrying out tasks or activities assigned by the company.
7. BCA Visa Corporate
The BCA Visa Corporate credit card is a solution for an active and dynamic medium-sized entrepreneur credit card in the form of a corporate credit card to provide convenience and flexibility in business transactions. Therefore, the company's transactions can be carried out in a more flexible way.
8. Sinarmas Corporate Card
Sinarmas Corporate Visa Platinum is a card that provides free annual fees for its users. By using this card, employees can freely use the card to finance expenses according to the company's needs. Meanwhile, companies will have bailout funds to be able to finance the needs of employees on business travel so they are mutually beneficial.
Corporate cards is one of the technologies that is used to facilitate company purchases and expenses reporting. As a company grows, its expenses also become more diverse and reporting is becoming more complex. Oftentimes, companies will have multiple accounts in different banks and institutions to profit promotion and benefits offered by these different institutions.
To connect them all, a financial technology company, Aspire is creating a finance solution to manage multiple different accounts in one platform. Aspire itself is an all-in-one finance platform that facilitates companies in handling their business operations. All of the company’s multiple bank accounts can be managed altogether in one Aspire account and are connected directly to the company’s budget in real time. Some of the Aspire corporate card features are :
Those are some of the banks that offer corporate cards for employees. As a company grows, company expenses and purchasing also grow. But you can facilitate these purchasing processes by delegating corporate cards for authorized employees. That’s why you can choose a corporate card provider that offers features that best suit your company needs.