MasterCard Business (Corporate)

MasterCard business cards ensure the availability of finances for business purchases and help to track purchases through an online facility. Being a world leader in the international credit card industry, MasterCard business cards are extremely popular worldwide.

MasterCard Business Card: Types

MasterCard offers specific credit cards for different businesses. The benefits and features of the MasterCard business card vary according to the scope of the business and the company’s annual turnover. MasterCard business cards can be classified as:

MasterCard business cards ensure the availability of finances for business purchases and help to track purchases through an online facility. Being a world leader in the international credit card industry, MasterCard business cards are extremely popular worldwide.

MasterCard Business Card: Types

MasterCard offers specific credit cards for different businesses. The benefits and features of the MasterCard business card vary according to the scope of the business and the company’s annual turnover. MasterCard business cards can be classified as:

• MasterCard for small business: This card is meant for small businesses with annual revenues under $10 million. There are also specific credit cards on offer for women and senior citizen entrepreneurs.

 

• MasterCard for medium-size business: Companies with an annual turnover between $10 million and $1 billion can apply for this card, which caters to the growing financial needs of the business. Since the financial requirements of each sector differ, MasterCard offers business credit cards based on the type of industry, such as technology, healthcare, retail or manufacturing.

 

• MasterCard Corporate Card: To be eligible to apply for this card, a company should have annual revenues exceeding $1 billion. This card is meant for big corporations, public sector undertakings and multi-national groups.

MasterCard Business Card: Features & Benefits

The MasterCard business credit card offers a range of features and benefits, such as:

Global acceptance:

• The global services of MasterCard ensure credit card acceptance at millions of merchants worldwide.
• Cash withdrawal at over one million MasterCard ATMs worldwide.

Insurance benefits:

• MasterRental Insurance Cover: Provides primary coverage for loss of up to $50,000 for rental vehicles.
• Purchase Assurance: Coverage against loss or damage on purchased items for a maximum period of 90 days. MasterCard credit cards also offer extended warranty over and above the manufacturers’ warranty.

Assistance services:

• Master RoadAssist: 24-hour road assistance services for all business customers, in association with American Automobile Association (AAA).
• MasterTrip: This service offers travel assistance, emergency cash withdrawal, card replacement and lost baggage assistance services.
• MasterLegal: Free emergency legal aid for MasterCard business customers traveling abroad.

Other benefits:

• Ability to manage and track accounts online.
• Facility to issue multiple cards on a single credit account.
• MasterCard liability protection program aims to provide security against unauthorized use of the credit card by employees.
• MasterCard offer business clients a convenient channel to reclaim VAT (value added tax) from operations worldwide.

MasterCard Business Card: How to Apply

To apply for the MasterCard business card, one can visit the ‘businesses’ section of the company’s website. However, one can also pay a personal visit to the partnering institutions to obtain the business credit card. Some of the leading financial institutions that offer MasterCard business credit cards are Bank of America, Bank of New York, HSBC Bank USA, Charter One, Citibank N.A., RBS, Citizens Bank, US Bank and Comerica Bank.

‘MasterCard,’ ‘MasterCard Corporate Card,’ ‘MasterLegal,’ ‘MasterTrip’ and ‘Master RoadAssist’ are the trademarks of MasterCard Worldwide, who can be found at www.mastercard.com

 

 Further Resources

• Black Mastercard
• HSBC Mastercard
• Mastercard Security (Mastercard Protection)
• Prepaid Mastercard
• Visa Mastercard (Visa Master Card, Visa)
• Mastercard Canada (Mastercard Credit Card Cananda)