The benefits of using a corporate card for business travel

Sophia Cheng5 minutes
Guides
The benefits of using a corporate card for business travel

When you’re away on a company trip, having a corporate card often comes in handy. 

You can use the corporate card to book your airfare and hotel rooms, so you won’t have to pay out of pocket and seek company reimbursement. This offers a simple yet direct solution for your company to cover and track relevant employee spending, making things easier for everyone.

The right card can help you better manage and keep track of your business travel expenses, make organising trips more efficient, and thus improve your corporate travel management.

What is a corporate card

A corporate card is a payment card that employers issue to employees to use for company expenses. 

Corporate cards are a great way for employers to make sure their employees have the sufficient money they need to make the necessary business expenses, such as booking flights, ground transport, accommodations, and business dinners, without having to use their personal credit cards then seeking reimbursement. 

Many corporate travel cards also come with additional benefits such as cash rebates and exclusive discounts, which can make business travel more affordable and enjoyable.

How to choose the right corporate card for your business trip

Choosing the right corporate card for your business trip can be a daunting task. With so many options available, it can be difficult to decide which is the best for you. In this article, we will discuss how to choose the right corporate card for your business trip and provide some tips on finding the best business travel solution. Here are some key features you should look out for when selecting a corporate card:

Annual card fees

Many corporate cards come with an annual fee that can range from $1,000 to $4,000. Some cards may waive the annual fee for your first year of having the card or if you spend a certain amount of money on the card each year. It is important to compare different cards and find one that offers the lowest annual fee or no annual fee at all.

Airwallex Borderless Card is a free corporate card that enables employees to make payments in multiple foreign currencies. You can issue Airwallex Borderless Cards to your employees with no annual fees charged. This allows them to manage their business travel expenses more conveniently, securely, and flexibly.

Instant card issuance

With some corporate cards, you have to wait until a physical card arrives in the mail before you can make your first company purchase. Instant card issuance allows employees to get a card number that they can use right away and access funds immediately after approval.

Using Airwallex, you can create your own multi-currency card online in minutes. This allows businesses to quickly issue corporate cards for employees who need to go on a company trip soon.

Better travel expense management

Corporate cards are a useful corporate travel management tool for ensuring that your company’s business travel expenses are tracked and monitored, and that they remain within the set budget.

Using the Airwallex Borderless Card, you can know exactly where your money is going and how much you are spending on different items or services on your business trip. With this information, you can make better decisions about how to allocate and manage funds.

Airwallex Borderless Card also offers Xero integration, which makes corporate travel management easier and more efficient. This feature allows businesses to quickly reconcile accounts with ease and  provides a comprehensive view of all your company trip expenses in one place.

The benefits of using a corporate card for business travel expenses

Corporate cards can help companies save money by offering cash rewards, discounts, and other perks that can be used to pay for business trip expenses such as airfare and hotel bookings. This makes them an ideal choice for businesses that travel frequently or have large expenses related to business trips.

Business travellers can also save on foreign exchange and global transaction fees with multi-currency cards. Using the Airwallex Borderless Card, they can take advantage of the low FX rate and $0 international transaction fee on overseas spending during their business trip.

Create your Airwallex Borderless Card today

If you want to save money and manage your business spending more easily on your next company trip, create a free Airwallex Borderless Card today. To get your multi-currency corporate card, simply apply online and the card will be issued instantly. 

The Airwallex Borderless Card supports 140+ currencies and can be added to Apple Pay or Google Pay for easy mobile checkout. You can also enjoy a $0 transaction fee for your international card payments even while travelling abroad.

Employers can better gain better control over their employee’s business travel expenses by setting a spend limit and tracking their spending in real-time with Airwallex. They can also save time in expense reimbursement as they can find all business travel spending in one place.

Travel global with the Airwallex Borderless Card here.

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Sophia Cheng
Content Marketing Manager

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