Purchase cards are favoured by new and rising businesses looking to cut payment fees and send payments at a lower cost. The purchase card segment is growing due to the perks supplied by banks and major card providers in order to attract more clients. For example, American Express provides free travel insurance, as well as access to global emergency and medical services, to travellers who purchase airline tickets using their p-card.
The best part about these Commercial or Corporate Card is that they allow businesses to separate their spending. While most people only consider their spending and debt obligations on their cards, companies who have commercial debit cards allow businesses to separately track their spending. This makes it easier for business owners to know exactly what they are spending each month. In addition, these business debit cards are great to give employees as a way to help increase incentives and reward workers for increasing productivity.
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