Key takeaways
- Commercial cards include business credit cards and purchase cards for company spending.
- Many credit unions offer them through a card program partner.
- Controls, rewards and reporting are what businesses compare most.
Businesses need a simple way to manage everyday spending, from supplies to travel. A commercial card program gives them that, and keeps another part of their financial life with your credit union.
Types of commercial cards
- Business credit cards for owners and employees.
- Purchase cards for company procurement with spending controls.
- Virtual cards for paying vendors online.
What business members look for
- Spending limits and controls by employee.
- Rewards with no annual fee.
- Reporting that makes reconciliation easy.
Offering cards through a partner
Partners such as Card Assets offer business and purchase card rewards programs with no annual fees through community financial institutions, so your credit union can offer cards without building a program from scratch.
Tru TreasuryAdd commercial cards as part of a complete treasury management program.Connect with the team
Frequently asked questions
Can credit unions offer business credit cards?
Yes. Many offer business credit and purchase cards directly or through a card program partner.
What is a purchase card?
A purchase card is a company card used for procurement, with controls on who can spend, where and how much.