A corporate credit card is an essential part of business operations, whether the company is a small start-up or multi-national corporation. While most businesses use credit cards, not all of them have the same financial requirements, which is why many businesses use Prepaid Visa cards as a practical way to keep corporate costs in check. Prepaid cards come with several benefits that should be considered when looking into a new or improved corporate expense strategy.
1. Prevent Overspending
Traditional credit cards come with the risk of reckless spending that hails from high credit limits. With a corporate prepaid Visa card, however, the only funds the cardholder can spend is the money that was pre-loaded on the card. This simple feature prevents irresponsible or negligent overspending.
2. No Accumulated Debt
Since there is no credit attached to prepaid cards, they also prevent the creation of debt. This means that only the balance available on the card can be spent, and if someone wants to spend more, the card will be declined. While regular credit cards make it easy to overspend and accrue debt, prepaid cardholders will not have to deal with that predicament. Continue reading “Reasons why You should use a Corporate Prepaid Card”