Corporate Card Definition

by Carolyn Green; Updated September 26, 2017
Corporate cards are used by business people.

A corporate card is a charge card used to cover certain expenses incurred by business people or corporate executives. The corporate card helps separate business expenses from personal expenses. Additionally, the corporate card allows a company to keep track of all business-related spending.

Types

A corporate card can be either credit or charge. The corporate credit card allows the cardholder to use revolving credit to pay off the expenses over a period of time. The corporate charge card requires full payment of all expenses incurred during each billing period.

Significance

The corporate card is used for expenses incurred for business. These business expenses can include airline tickets, hotel and car rental, meals and incidental expenses related to official business. Some corporate cards are designed to control spending by having charge limits.

Features

Different corporate cards have extra benefits like a rewards programs, negotiated supplier discounts, cash access and travel protection.

About the Author

Carolyn Green has been a freelance writer since 1989. She has written for BETweekend, Good Old Days, Baby's World and more. A teacher from New York, she also taught in Seoul, where she wrote for a Korean publication. Her passions include world travel, nutritional research and alternative medicine. She holds a Bachelor of Arts in English literature from State University of New York, Old Westbury.

Photo Credits

  • three credit cards image by Aleksandr Ugorenkov from Fotolia.com
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