Unlike personal credit cards, corporate credit cards offer robust expense management tools, higher credit limits, and increased visibility into card purchases.
Corporate credit cards
Take control of business expenses while empowering your employees with corporate credit cards from Bank of America. We have a range of widely accepted corporate credit cards that offer extensive reporting, powerful benefits and award-winning customer service. It’s another way we’re making business easier.
Business credit cards
Corporate Card
Easily manage business travel and spend with a single solution:
- Set spending limits and implement custom controls to optimize cash flow
- Increase visibility into spending and reconciliation benefits
- Mitigate fraud risk through enhanced security features
- Earn rewards and enjoy benefits
Executive Explorer Card
Provide an exclusive experience to your executives with elite perks:
- Extensive global acceptance
- White-glove service and concierge
- Statement credits for airport lounge access and airport fast track
Benefits and tools
Manage your cards from anywhere, enjoy perks and earn rewards.
Global Card Access
Manage your card and access reports from anywhere with our online portal and mobile app
Take your payables program to the next level
Our digital AP solutions can help increase workforce efficiency and mitigate fraud risk.
Streamline your AP process
Intelligent Payables are designed to grow with your business and meet your evolving AP needs.
Featured insights
Frequently asked questions
Q: What are the benefits of a corporate card program?
Q: Why do companies switch to corporate cards?
Companies can reduce costs and increase bottom line profits by taking advantage of comprehensive reporting, mitigating risk with fraud protection, taking advantage of rewards and rebate opportunities, and cutting down on manual payable practices.
Q: Do corporate cards earn rewards?
Clients must select between rewards or rebate. Annual rebates for all corporate cards based on payment terms and spend volumes are available. Select T&E cards (i.e. Commercial, Corporate, and Executive Explorer cards) are also eligible to earn and redeem points through premium rewards.
Q: Is there a minimum spend requirement to earn rewards on my corporate card?
No. There’s no minimum spend requirement. T&E cards enrolled in rewards will earn 2 points per $1 spent.
Q: How are rebates calculated and paid?
Once your corporate card program meets the pre-determined threshold of annual spend volume, you will qualify for rebates. Rebates are based on basis points that coincide with your achieved annual spend volume, along with your payment cycle. Typically, rebates are paid annually.
Q: Who pays for corporate cards?
The responsibility of payment is determined by each card’s program’s terms and conditions. Corporate cards often use corporate liability meaning the business is responsible for payment rather than the individual businessowner.
Q: How do I apply for a corporate card?
To get started with the corporate credit card program that’s right for your business, contact your Bank of America representative today.
Contact us
To get started with a corporate credit card program or for help choosing one that’s right for your business, contact your Bank of America representative today.