Company cards for smart companies

A corporate card with credit is essentially a card linked to a credit line. Similar to a personal credit card or a business line of credit, but with the key difference that the company assumes responsibility for payments. It is also possible to issue corporate cards where individual users are responsible for payments.checkkredit eller ett kreditkort för privatpersoner alltså, men med den skillnaden att det är företaget som står som betalningsansvarig.  Det går också att få företagskort där enskilda användare står som betalningsansvariga. 

When using a corporate card, you don’t need to pay the full cost of your purchases immediately. Instead, these expenses are invoiced periodically, typically on a monthly basis. There’s also an option to divide the payment for the amount charged to the corporate card, allowing businesses to spread costs and maintain better liquidity.likviditet i bolaget. 

Benefits of using a corporate card‍

Corporate cards offer several advantages for your business. They simplify tracking expenses and help separate personal purchases from business-related expenditures.

Modern corporate cards often integrate seamlessly with various accounting systems. For instance, Mynt’s corporate card can be linked to Visma, Fortnox, Björn Lundén, and many others. Many cards also feature dedicated apps that enable real-time tracking of expenses and account balances.

Another benefit is that you can usually issue as many cards as needed to employees, whether you opt for physical or virtual corporate cards. Additionally, all purchase expenses are consolidated into a single invoice, reducing the risk of missed payments and making it easy to track exactly where the money is spent.

Key Benefits of Corporate Cards:

• Mynt’s corporate card and mobile app are free to use.
• Track expenses in real-time through the app.
• Snap a photo of receipts directly in the app.
• Employees don’t need to cover costs upfront.
• Simplified accounting and administration.
• Monitor expenses and balances directly in the app or online banking.
• Consolidated expenses on a single invoice.
• Convenient payments via mobile or virtual card.

Alternatives to corporate cards‍

An alternative to a corporate credit card is a business loan, though lines of credit (revolving credit) can also be a viable option under certain circumstances. A line of credit works like a credit card but without the physical card.

A business loan, on the other hand, is a lump-sum payment borrowed for the company, typically suitable for larger expenses and purchases that require an upfront payment. Lines of credit and corporate credit cards share similarities, as both provide ongoing credit that allows withdrawals as needed.

The most suitable option for your business depends on the purpose of the credit and the company's overall needs. It’s not uncommon for businesses to combine a credit card for recurring expenses with a loan for larger purchases and investments.

Mynt's corporate card

With a corporate card from Mynt, you can easily separate business and personal expenses. Additionally, you can seamlessly track company purchases and expenses in real-time, simplifying cost reporting.

• Monitor expenses, current balances, and employee spending in real-time through an easy-to-use app.
• Receive clear and comprehensive invoices for all purchases made using the corporate cards, regardless of the chosen plan.
• Credit limit up to SEK 5 million.
• Consolidate all costs into a single invoice.
• Pay with Google Pay, Apple Pay, or virtual corporate cards.

Take control of your company’s purchases, expenses, and costs effortlessly!
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