Credit-Moscow Bank offers business clients MasterCard corporate international cards of Business category.
The MasterCard corporate cards are of interest to a company if its employees perform business trips and incur hospitality expenses in the course of their job activities (a corporate card is by nature an analogue of imprest cash funds).
Corporate cards enable the following to be paid for:
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travel expenses (hotel accommodation, car hire, ticket ordering, etc.);
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overhead expenses (prints subscription and purchase etc.);
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administrative expenses (stationery etc.);
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hospitality expenses (including shops, restaurants);
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etc.
Corporate cards cannot be used to pay salary or welfare benefits.
Credit-Moscow Bank offers the issue of corporate cards to several employees of your company with a financial limit set individually for each card (a separate special account will be created for each card).
As an alternative, several corporate cards may be issued within the framework of one special account. In this case, a general financial limit will be set for all corporate cards linked to one account, and an individual monthly restriction can be set for each card.
The advantages a company gains by using corporate cards:
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A reduction in the transaction costs and time connected with payment of imprest cash funds (the need to withdraw cash funds at the bank is eliminated);
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Quality accounting and control of imprest funds entrusted to employees (each card operation is accompanied with a receipt which enables card holders to submit an account to the company’s accounts department for the spent sums by comparing them with bank statements of performed operations);
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No need to purchase foreign currency for business trips abroad (the card account is in Russian roubles, upon which all foreign exchange operations abroad are performed automatically);
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Efficient management of the company’s expenses (the cards of employees on a business trip may be promptly credited, if necessary, and the expenses incurred by employees may be promptly analyzed);
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Increased speed of settlements and receipt of paid goods/services in comparison with standard means of cashless payment;
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No need to declare cash funds when crossing borders.
MasterCard international bank cards are accepted in tens of millions of trade outlets and are serviced by over 300,000 ATMs.
Order of registration of corporate cards
In order to obtain a Credit-Moscow Bank corporate card, you should do the following:
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Complete an application to open a special account;
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Sign a bank account agreement;
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Complete a corporate plastic cards service agreement (indicating information on the employees who are to receive corporate cards).