What it is
A corporate or business credit card lets a company pay for travel, subscriptions and supplier purchases on credit, with cards issued to staff under one company limit. Statements consolidate spending, which simplifies expense control and reconciliation.
Liability may sit with the company, the individual cardholder, or both, depending on the product — an important difference to check before applying.
How to compare
Annual and per-card fees
Costs scale with the number of staff cards.
Interest-free credit period
Up to the statement due date; useful for cash flow if balances are cleared.
Spend controls and reporting
Per-card limits, merchant restrictions and exportable statements save admin time.
Liability model
Company, individual or joint liability changes who is pursued for unpaid balances.
Foreign-currency use
Check FX mark-ups and limits if staff travel or buy online abroad.
What the bank will ask for
- Business registration and incorporation documents
- Board resolution authorising the facility
- Financial statements and bank statements
- Cardholders' NICs and details
- Security or deposit for some limits
Requirements vary by bank and facility size; this is the usual starting list.
Related business services
Business Current Accounts
The everyday account a business runs on — cheques, transfers, online banking — and how to pick one that fits your volume of transactions.
Business Cash Management
Collect, hold and pay money efficiently across accounts and branches — bulk payments, collections, sweeps and real-time visibility.
Merchant Payment Services
Accept cards, QR and online payments — terminals, LankaQR, payment links and e-commerce gateways, and what each really costs.
Not sure which bank fits your business?
Send one enquiry; we'll come back with the options that match.