Corporate cards with attractive rewards programs are one of the most popular choices in the business world these days. Their ease of usage coupled with their immense flexibility makes them a prime choice for finance teams worldwide to include in their spend management portfolio.
Virtual Credit Cards in India/ Corporate Cards nowadays offer an abundance of rewards programs to businesses. From discounts on SaaS subscriptions to benefits on travel and lodging bookings, corporate cards are truly a boon to managing to spend and earn rewards. Basically, corporate cards pay you back rewards and benefits when you pay your vendors!
What Are The Best Corporate Cards?
EnKash empowers a wide variety of corporate cards through banks that encompasses all your business needs. A few mentions of the best virtual credit cards in India are:
- Travel & Entertainment (T&E) Cards: Perfect for business travel and entertainment expenses
- Purchase Cards: Ideal for everyday business purchases with pre-loaded funds
- Meal Cards: Manage employee meal allowances efficiently
- Fuel Credit Cards: Streamline fuel purchases and track spending on company vehicles with fuel credit cards
- E-commerce Seller Cards: Facilitate online transactions for e-commerce businesses
- EMI Cards: Offer easy installment plans for specific purchases
- Payroll Cards: Simplify salary disbursement for employees
- Gift Cards: Motivate employees or reward customers
- Multi-Currency Forex Cards: Manage international transactions conveniently
EnKash also enables virtual cards, which are powered by banks and financial institutions - the best corporate cards that are created online for specific end-use with customizable spend limits. If you are still researching “which credit card offers the following benefits” then virtual credit cards in India are the option. You can assign corporate cards to individuals, teams, branches, departments, and locations. These cards are loaded with rewards programs and benefits and are intended for online use or digital payments.
Rewards And Benefits Of Using Corporate Credit Cards In India
Corporate cards also have a huge network of merchants and vendors affiliated with them. Rewards are basically perks that you enjoy when you swipe your corporate card for any kind of business payment. These rewards can be redeemed at the mentioned merchant. Video out YouTube videos to get a quick idea of how your Card can help you get huge rewards and other benefits.
For Businesses
Expense Management: You can easily track, categorize, and do business expense management without having to worry about missing out on details or doing extra work.
Security: Virtual cards reduce fraud risk and limit misuse as no physical card is needed to make a purchase which eliminates the risk of theft.
Budgeting: Make sure that all expenses made are under budget by setting spending limits for different departments, employees, or projects.
Improved Cash Flow: Analyze employee spending habits with robust reporting and analytical tools, optimize business expenses, allocate budget only where needed, and make correct decisions concerning business cash flows.
Employee Convenience: Don’t let your employees use their personal funds to make business purchases, rather empower your employees with corporate cards so they don’t have to wait for reimbursements
For Employees
Convenience: Employees no longer have to use personal funds or keep receipts for business expenses to get their reimbursement. Rather they can just use their corporate cards for all expenses related to business.
Clear Distinction: Earlier, employees often faced difficulties when it came to keeping their personal and business expenses separated as all the expenses were made from their personal cards. Now with corporate cards, employees can easily differentiate and set clear budgets both for personal and professional use accordingly.
Faster Approvals: Before making any business-related purchase, employees can easily get approval from their reporting manager and once approved, they can make the purchase using the corporate card assigned to them.
Travel Perks: Certain corporate cards also give the benefit of airport lounge access and travel perks.
Rewards and Incentives
Many corporate cards also offer rewards programs and incentives that enable employees to earn points, cashback, and miles on any business-related purchases made using the card, which can later be redeemed for different things.
Video this video to get a quick idea of how your card can help you get huge rewards and other benefits.
Unlock massive rewards with the perfect corporate card solution
The EnKash Advantage
EnKash empowers businesses with a comprehensive suite of corporate card solutions. We offer a variety of cards, including virtual cards for specific needs, and provide real-time expense tracking for better control. Additionally, our platform integrates seamlessly with popular accounting software for effortless expense management.
Why should you care about the corporate card's rewards and benefits?
When it comes to the best rewards and benefits for your business, it is always wise to choose the ones that add value to your business rather than getting a luxury or lifestyle reward. And such are the rewards that you can unlock at EnKash. With EnKash, you can get huge discounts on SaaS subscriptions or software crucial for your business's growth, it is a rewarding benefit for you. In essence, corporate cards are the best virtual credit card in India and investment that keeps on giving.
15+ Benefits Of Adapting Purchase Card Program To Your Business
- AWS activate- $6500 worth of Amazon web services cloud credits
- HubSpot for Start-ups- up to 90% off HubSpot software and access to Education & Support
- Leadsquared- 50% off on the super plan of LeadSquared
- Freshworks- $10,000 credits across Freshworks suite of products
- ClearTax- Flat 20% off
- Profitbooks- Rs. 3000 off on Annual Subscription charges
- Instamojo- Transactions up to Rs. 1 Lakh free + Access to mojoCommerce
- Easyleadz- 30% extra credits on the annual subscription plan
- MakeMyTrip- Rs. 500 discount on 1st transaction and 5% cashback is 5 plus transactions in the next 30 days
- Brandup- Flat 30% off on digital marketing services and flat 20% on all web & branding services
- Vakilsearch- Discounts up to Rs. 14,000
- LegalWiz- 15% discount on professional fees on any service listed on the website
These are just a few of the plethora of Gift Card rewards & benefits that are available for grabs on the EnKash platform. These enticing offers and rewards could be unlocked in a jiffy by getting on board the corporate card program and applying for a business credit card. Do not hesitate to Call Us Today for a free demo!
Frequently Asked Questions
- What are rewards programs, and how do they work with corporate cards?
Rewards programs incentivize spending by offering points, cashback, or miles on purchases made with the card. These rewards can be redeemed for various benefits, like travel, gift cards, or merchandise. Corporate cards often have partnerships with specific vendors, offering bonus rewards on certain categories like travel, office supplies, or software subscriptions.
- What are the best corporate credit cards for earning rewards?
The "best" card depends on your business spending habits. Look for cards that offer rewards aligned with your typical expenses. For example, if your company travels frequently, a card with travel rewards might be ideal.
- How can I use corporate cards for expense management?
Corporate cards simplify expense management by providing real-time transaction data and automated reports. This allows businesses to easily track spending, identify areas for cost savings, and ensure employees are adhering to spending policies.
- Are there virtual credit cards for fuel expenses?
Yes, virtual fuel cards are a type of corporate card specifically designed for gas station purchases. They offer increased security and control over fuel spending compared to traditional cards.
- What are the benefits of using virtual credit cards?
Virtual cards offer several advantages, including enhanced security (no physical card to lose or steal), better spending control (set specific spending limits), and simplified expense tracking.
- Are there any eligibility criteria to get a corporate card?
Yes, getting a corporate card requires your business to be a registered entity (age requirements may apply) with good financial health. Banks will also check the authorized representative's credit score and may have spending minimums or industry restrictions. You can also check directly with the issuing bank for the latest eligibility criteria.
