Source for credit cards
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Source for credit cards
Products Free
StuffSite
Map
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Commercial Card The term "commercial card" applies broadly to a special type of credit card issued to and used by corporations or government entities. For purposes of record keeping, expense tracking, and purchasing analysis, commercial cards return a greater level of detail (Level III detail) on the billing statements. Beyond the normally supplied statement information, Level III line item data might include any of the following: item description, item quantity, item unit of measure, item total, item commodity code, item product code, item unit cost, and item VAT tax amount/rate. (The specific statement content may vary from card company to card company and can be more narrowly focused according to the type of commercial card issued. For instance a fleet commercial card might track fuel type and quantity.) In addition to enhanced data tracking, commercial cards also incorporate a greater degree of usage controls than those present in a consumer card. These controls can be used, for instance, to restrict th e card to purchases with only given entities and to set specific spending limits. More Credit-Card Terms Explained |
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