Many payment systems issue plastic business cards. Their purpose– effective management of the company's cash flow. They also emphasize the status of the company and create a special image. This type of plastic cards will be discussed.

What is a business card

A plastic business card is a payment instrument that allows you to:

• Make payments related to the economic, main and representative activities of the company.
• Monitor employee expenses.
• Make accounting simple and transparent, because banks provide reports from which you can see the amount spent on the operation, currency, time, place of purchase, card number.
• Reduce or even eliminate the turnover of accountable cash.
• Optimize currency control, because When making a transaction, the funds spent are converted into the currency in which the account was opened.

Business cards issued to enterprises by banks are:

• debit, inseparable from the company account;
• credit Each bank sets its own limit and determines the terms of its repayment.

What are the advantages and disadvantages of a Business class plastic card?

A Business class card has all the advantages of a plastic card, plus additional:

1. Possibility of withdrawing cash and carrying out transactions in any currency.
2. Linking several cards to a company account with setting an individual limit for each.
3. Payment of travel expenses. If an employee goes abroad, then the need to declare currency disappears. In this case, it is especially convenient to have a business-class credit card with a chip to replenish the missing funds.
4. Transfer of spent money to other cards.

In addition to the advantages of a plastic card, there are also disadvantages:

1. Not all stores, especially in the regions, accept them for payment.
2. A company employee returning from a business trip has to fill out a report “the old fashioned way”, confirming it with receipts, checks and tickets.
3. The circulation of plastic cards is also hampered by the conservatism of some managers, who are accustomed to giving their employees cash for all sorts of small purchases.

A corporate plastic card is issued to a person who has legal status. On its basis, cards are issued to trusted persons. The person for whom an individual business card is opened is not responsible to the bank. This function is assigned to the company. Many banks offer this type of card.

For example, Sberbank gives out for free:

1. MasterCard.
2. Classic Visa. Its maintenance, like MasterCard cards, costs 1.2 thousand rubles per year, and if the card account is in foreign currency, then 50 $ or euros.
3. “Corporate” card, which allows you to cash out any amount. Sberbank services it much cheaper - only 250 rubles. in a year.
4. MasterCard Business and Visa Business “Budget” - only for companies with an open personal account with the Federal Treasury. There is no need to pay for the service.

Bank VTB24 also offers corporate cards Visa Business and MasterCard Business, and there are 2 packages of services:

1. Business Classic, using which you can attach any number of cards to your main account. The plastic card is valid for 2 years. The package provides the ability to automatically top up cards from a special account that opens at the bank. Money is transferred to it from the main account even if it is opened in another bank. Upon receipt of an application, the card will be opened in a maximum of 7 days. Issuing “plastic” and its maintenance will cost 1.2 thousand rubles. Obtaining and servicing a currency card will cost 40 $/euro. A daily limit has been set for cash withdrawals - 300 thousand rubles. (or the corresponding equivalent in currency, at the bank’s exchange rate), but not more than 2 million rubles. per month.
2. Business Gold. As part of this package, VTB24 Bank offers profitable plastic cards with additional features in the form of:

• receiving notifications on your mobile phone about completed operations for free;
• receiving concierge services;
• Possibility of using the “Card Protection” and “Traveller Protection” insurance programs.

The availability of VTB24 gold plastic cards requires an annual service fee of 2.4 thousand rubles. Every day you can withdraw cash from them, the amount of which is 2 times higher than the limit on classic cards.

The legal entity that is the owner of the main card has the ability to control how the holders of cards attached to it spend funds. To do this, you must select one of the options:

1. Set the amount, in agreement with the bank, that an employee can withdraw per day or month.
2. Control when and where money was spent using bank statements.
3. Order personalized cards for authorized persons. Then control and protection of the plastic card is facilitated by the fact that no one else can use it.

1. To protect the money on a corporate plastic card with a chip, you need to insure it.
2. For an employee going on a business trip abroad, issue a card in the currency that is in use in the country where he is going. For example, America and Asia are Visa Business, and America is MasterCard Business.
3. If you need a rented car on a business trip abroad, then a credit card will be a profitable plastic card. In this case, the car service blocks the money not on the company’s main card, but on the bank account.

Card holders have the opportunity, for an additional fee, to purchase a policy from the insurance company JSC ERGO* for the card holder.

• payments for hospitalization as a result of an accident
• compensation for lost baggage, flight delay, baggage delay

VISA Business card holders have the opportunity to use the free services of the International SOS Assistance service, which provides information related to travel in Russia and abroad: about necessary vaccinations, taxes, entry visas, customs and passport procedures, procedures for obtaining legal and medical assistance.

VISA Gold

VISA Gold emphasizes the high social status of its owner and is a guarantee of special attention during service. In addition to the benefits of using corporate VISA Business cards, VISA Gold cardholders enjoy the privileges provided by UniCredit Bank. A set of additional privileges includes the opportunity to become a member of the International Airline Passengers Association (IAPA), as well as free provision of a policy from the insurance company ERGO*.

The life and health insurance contract is valid during the validity period of the card and provides a wide range of insurance services, in particular:

• compensation for medical expenses in case of accident or illness, medical transportation or repatriation
• emergency travel expenses for a family member
• payments for hospitalization as a result of an accident, compensation for loss of luggage
• legal assistance after a car accident
• providing administrative assistance in case of theft or loss of necessary travel documents (passport, air tickets)

* The service is provided by SAO ERGO, insurance licenses SL No. 0177, SI No. 0177, PS No. 0177 dated November 27, 2015. www.ergo.ru.

Starting from 01.08.2016, the insurance certificate is valid for up to 1 year. To renew insurance and receive a certificate for a new period, you must contact any branch of the Bank in advance (before the end of the current insurance period). For Visa Business cardholders, the insurance service is provided up to the age of 65. For holders of corporate Visa Gold cards, the insurance service is provided up to the age of 70 (when the insured person reaches the age of 66, the insurance coverage limits are reduced).

For cardholders who received an insurance certificate before July 31, 2016, the next period of insurance at IAS ERGO is valid.
For cardholders who received an insurance certificate from IAS ERGO during the period from 08/01/2016 to 07/31/2017, the insurance period is valid.

VTB issues Visa and MasterCard business cards of the Standard and Gold categories.

• Issue of an unlimited number of Visa Business/MasterCard Business cards
• Automatic replenishment of cards from a current account
• Additional protection of card data from compromise when paying for purchases online with 3D secure technology
• Cards are issued within 7 working days.

How can a Business Card help your business?

Cost savings

Reducing the cost of issuing accountable funds through the company's cash desk will reduce collection costs and save time for your employees to solve more important tasks. Cardholders will also have access to programs of special offers and discounts from payment cards, which will allow them to save on paying for goods and services in various areas of your business.

Simplification of accounting

Receiving statements reflecting all transactions on each card will help facilitate accounting for the expenditure of funds issued to employees on account.

Protecting your company's finances

With VTB Business Cards, there is no need to carry large amounts of cash with you or store large amounts of cash at the company’s cash desk, since funds are transferred to the card non-cash and are available to the holder 24 hours a day. In addition, if the card is lost, the funds on it will not be lost, since you can block and re-issue the card in the future.

Increasing employee loyalty

Your employees will appreciate the convenience and ease of paying with VTB Bank Business Cards and will be grateful to you for saving time on receiving accountable funds.

What benefits will your employees who will be issued VTB Business Cards receive?

Payment by card worldwide

Business cards of the international payment systems Visa or MasterCard are accepted for payment at more than 25 million retail outlets in 170 countries. And if a bank card cannot be used for payment, you can always get cash from ATMs that accept Visa or MasterCard.

Separating business and personal expenses

The card will allow you to easily separate business expenses from personal expenses. Such a division will make it easier to control finances and free up personal funds previously used for official accounting expenses.

Save time

With the VTB Business Card you can order air and train tickets online, book a hotel, rent a car, pay for housing and communal services, mobile and landline communications, order goods or services in foreign stores 24 hours a day directly from your home or office.

Confidence in the safety of funds

With VTB Bank Business Cards you do not need to carry large amounts of cash with you. And if the card is lost, the company’s money will not be lost, since you can block and re-issue the card in the future.

Additional privileges

Pay with business cards for business trips and corporate events, office goods, business services, business gifts and receive discounts and privileges from payment systems.

The convenient payment instrument offered by the Bank allows you to simplify work with the company’s already opened current and correspondent accounts and make transactions more transparent.

The main advantages include:

• the ability to spend finances without withdrawing real money;
• set a limit on expenses for one day or month;
• There is no longer any need to issue financial resources to employees for reporting purposes or for travel expenses;
• From the provided report, you can always control the transactions performed, since they contain a message about the purchase, amount, etc.

In addition to the above, you can reduce the cost of maintaining a special account for an enterprise, which will provide tangible savings, as well as emphasize your status and create a special image.

How to apply for a Business card

To purchase it, it is enough:

• You can fill out an application for issuing a plastic card online or contact the operator where the account is directly maintained (if there are no existing ones, submit an application for opening and immediately providing cards in the required quantity);
• it will be released in a few days, and received at the service department;
• activated immediately by cashiers or independently, upon the first successful launch in a self-service device or in a terminal with entering a PIN code.

The service is not provided to accounts operating in accordance with the Federal Law “On State Defense Order”, as well as to those where the “Single Balance” or “Overdraft” is connected.

Three types of cards are provided: Visa or MasterCard Business for an existing account, as well as “Budget”. Depending on the choice, tariffs and the amount of fees charged will be set. Some offer special offers and privileges.

Terms of use

Once received by the cardholder, he can make any changes, including:

• personal information about users;
• restrictions (increase and decrease), determine the period;
• block if lost/stolen/returned;
• order a reissue;
• maintain a directory of holders from the company’s employees (add and delete);
• generate electronic documents.

All this is available in a virtual office or in the office where the company is serviced. On the Internet, you can create queries or view activity results at any time. There is a possibility of use on foreign business trips.

Replenishment is allowed in several ways:

• non-cash;
• through ATMs and other equipment where the cash acceptance service operates;
• through cashiers-operators.

Thus, without leaving your workplace or at home, you can always monitor debit and credit, as well as check accounting information, summarize, analyze and draw informed conclusions about spending. It is important to remember that it is not recommended to pay for goods with such a business card for personal purposes, especially under the simplified tax system. Individual entrepreneurs subject to tax on imputed income can make a transfer to the current one (Letter of the Federal Tax Service of Russia dated 03/06/2013 N ED-3-3/772).

International payment system Visa. Designed for small businesses with up to 50 employees. Can be either debit or credit.

Used to pay travel and entertainment expenses, as well as to pay for goods and services necessary for the functioning of the organization. At its core, such a card is an analogue of funds issued on account.

Visa Business is issued in the name of an employee of the organization, and funds for transactions are written off from the company’s account. That is, the card is linked to the company account. Several corporate cards can be opened for one organization account.

The bank provides the company with a detailed statement of transactions using the card on a monthly basis. Due to this, the organization’s accounting department can control the targeted spending of funds by the employee.

In terms of its technical characteristics, Visa Business is no different from other bank cards. It can be used in ATMs, retail outlets and cash dispensers equipped with mechanical imprinters and electronic terminals.

The Visa Business card is accepted at more than 24 million merchant locations, including nearly 1 million ATMs, in 170 countries around the world.

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