Types of Cards
Business cards are a type of commercial card that is geared to meet the needs of small and medium
sized companies. This typically means firms that spend less than $1 million per year on purchases
and have fewer than 100 employees that will use cards.
In contrast, three cards are designed with the larger business in mind.
Corporate card. A type of commercial card that is marketed to companies that spend a
minimum of $1 million yearly on purchases.
Purchasing card. A kind of commercial card that is marketed mainly to larger companies.
Purchasing cards are specifically geared to streamline small-ticket purchases by placing tighter
controls on spending and allowing for more detailed reporting than do other types of commercial
cards.
Fleet card. A type of commercial card that is marketed mainly to larger companies. Fleet
cards offer unique tools to help manage fleet-related expenses such as gas, maintenance, and
repair. For instance, spending can be restricted so that only fuel and/or maintenance costs can
be charged. In addition, cards can be assigned either to the driver or to the vehicle.