How to choose a commercial card provider
There are several deciding factors for selecting a suitable provider. Below are some key considerations to keep in mind: Fees and interest rates Compare the fees and interest rates of the providers you are considering. What do they charge for annual, overdraft, late payment, and cash advance fees? Also, find out whether there are other charges for utilizing the services that you may not be expecting. Make sure the charges are reasonable by industry standards and in line with what your business can afford. Rewards and incentives Look out for providers that offer rewards programs that benefit your business and the card members. Rewards such as cashback, discounts on products or services, or redeemable points can be incentives to use your debit and credit cards more frequently. In turn, the corporate cards can offset some of the costs of having the account. Security and fraud protection Ensure that the provider offers solutions for fraud protection. Check for corporate card and banking fe
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