A corporate credit card provides businesses with the ability to exercise better control over business-related expenses including travel and entertainment. Many large business owners find it really difficult to stay ahead or even keep up with their expenses if they use personal credit cards to use a credit line. Using a corporate credit card is the only way to avoid confusion. Such cards are issued only to corporations, non-profit organizations and government entities. The cards can be provided to employees of a corporation to keep track of their business expenses. Large financial institutions or banks are the providers of corporate credit cards.
Advantages of Corporate Credit Cards
- They help ease the procurement of goods and services by simplifying the method of payment.
- They separate business and personal accounts.
- Detailed statements are issued each month.
- Easier transfer of funds from one account to another.
- Worldwide acceptance.
- Accounting and auditing tasks are simplified.
- Carrying excessive cash when travelling is avoided and reduces the risk of theft and fraud.
American Express Corporate Cards are among the corporate credit cards available in South Africa. The cards offer various solutions to enable the monitoring of company spend according to the organisation’s own expense policy. The card also simplifies payment processes by combining all business expenditure onto the American Express Card programme which in turn drive efficiencies and cost savings into the business.
American Express Corporate Cards provide card members access to airport lounges. AmEx’s automatic insurance cover also offers emergency and medical assistance around the world. There is an optional top-up cover that provides comprehensive insurance for inconvenience and loss of personal possessions and travel baggage.
American Express Corporate Cards Annual service Fees
| CORPORATE GOLD CARD | CORPORATE GREEN CARD | CORPORATE PURCHASING CARD | BUSINESS TRAVEL ACCOUNT (BTA) | |
| Primary Card | R595.00 | R320.00 | R320.00 | R450.00 |
| 2-25 Cards | R470.00 per card | R240.00 per card | R240.00 per card | R300.00 per card |
| 26-99 Cards | R470.00 per card | R180.00 per card | R180.00 per card | R150 per card |
| 100+ cards | R410.00 per card | R180.00 per card | R180.00 per card | R150 per card |
| Linked Personal Travel Card | R150.00 | R150.00 | N/A | N/A |
| Debit Interest Rate | 15.50% | 15.50% | 15.50% | 15.50% |
| Membership Rewards | R169.00 | 169.00 | N/A | N/A |
| Ceded Membership Rewards | R280.00 | R280.00 | N/A | N/A |
American Express Corporate Cards Transaction Fees
| TRANSACTION TYPE | FEES |
| PURCHASES | |
| Credit card purchases | Free |
| VALUE-ADDED SERVICES | |
| Transactional SMS notification | Free |
| DEPOSITS | |
| Cash (over the counter and at Nedbank ATM) | R3.50 + R1.15/R100.00 or part thereof (min. R17.50) |
| Cheque (over the counter and at Nedbank ATM) | R13.50 |
| CASH WITHDRAWALS | |
| Over the counter at Nedbank branch | R23.00 + R1.10/R100.00 or part thereof |
| Nedbank ATM and SSD | R3.50 + R1.10/R100.00 or part thereof |
| Another bank’s ATM | R5.50+R3.50+R1.10/R100 or part thereof |
| International ATM | R23.25+R3.50+R1.10/R100.00 or part thereof |
| BALANCE ENQUIRIES | |
| Nedbank ATM and SSD | R1.20 |
| Another bank’s ATM | R3.60 |
| Over the counter | R2.20 |
| NetBank (internet) | Free |
| STATEMENT ENQUIRIES | |
| Nedbank ATM | R3.60 (first free per month) |
| Nedbank SST | R3.60 (first free per month) |
| Emailed/Posted statement | Free |
| TRANSFER AND PAYMENTS | |
| Interaccount transfer | R3.65 |
| Electronic payment | R3.65 |
| Branch interaccount transfer | R13.00 |
| NOTIFICATIONS | |
| Internet payment – SMS | R0.65 |
| Internet payment – email | R0.50 |
| Internet payment – fax | R2.90 |
| OTHER FEES AND CHARGES | |
| Dishonoured payment | R125.00 |
| Tracing | Up to R377.00 |
| Incorrectly disputed transaction (local or international) | R150.00 |
| International currency conversion – American Express | R1.7% |
| Card replacement | Free |
| Face-to-face Card delivery | Free |
| Same-day Card delivery | R375.00 |
| Special clearance of cheque deposit in branch | R65.00 |
| Monthly user internet subscription | R15.00 |
| Monthly business internet banking subscription | Free |
Be sure to compare corporate credit cards offered by other South African banks with American Express Corporate Cards to find out what other options are available to you.
Disclaimer
Please note that the rates for American Express Corporate Cards quoted above are current from printing and to be used as a guideline only. These rates are subject to change. Please note that Terms and Conditions apply. Contact American Express directly for additional information and to verify fees and charges.