Business credit cards are an effective financial solution to help businesses develop and expand their micro-operations conveniently. So how to open a credit card for business owners? Please continue reading the content compiled by SeABank in the article below!

What is a business credit card?

A corporate credit card is a card issued by a bank for businesses. With the feature of spending first and paying off the balance later, a corporate credit card provides timely capital, reducing risks compared to using cash.

Corporate credit cards allow companies to spend money first and pay off the balance later.

What are the features of a corporate credit card?

Business credit cards have the following features:

To open a corporate credit card, the company will be the name on the card application and authorize an individual to be the name on the credit card for general purposes.
Corporate credit cards are often used to pay for goods, pay for online advertising (Facebook Ads, Google Ads,...)
When traveling abroad, a corporate credit card will help pay for expenses without having to convert foreign currency or advance business expenses, while also improving safety compared to using cash.

Front

Back

- Symbol of the international organization that issues the card

- Logo, name of the card issuing bank.

- Name of business and individual using the card, the words Business Card.

- Card number and expiration date.

- EMV Chip: Attached to the back and left side of the card to enhance security for payment transactions.

- The magnetic strip encodes some information such as: Card number, expiration date and other security information.

- CSC code: Card security code.

- Signature box for cardholder: The cardholder should sign this line to prove that he/she is the cardholder.

Benefits of corporate credit cards

Convenient transaction

No need to exchange foreign currency when working abroad:Customers only need to bring a credit card to be able to pay all expenses no matter where they are.
Payment of fees:All types of fees can be paid easily, securely and save a lot of time with a corporate credit card such as business expenses, airline tickets, hotel expenses,...

Risk Reduction

Cash payments expose businesses to many risks such as corruption, misuse, management effort, and preparation time. To overcome these limitations, credit card transactions help businesses completely eliminate the process of preparing cash.

Easy financial management

If you make a transaction via a corporate credit card, all transaction history will be stored and monthly statements will be sent. Therefore, business owners will be aware of the expenses and the content of the transactions. In addition, the expenses under the name of the individual and the business will be completely transparent.

Corporate credit cards support effective financial management

High card limit

Each different type of card will be given a separate limit. In general, the limit of a corporate credit card is very large, reaching up to 5 billion VND.

Save time and money

Business transactions are often large in value and take a long time to replenish cash. In addition, managing large amounts of cash also makes businesses susceptible to loss and confusion.

However, when using a business credit card, customers will not spend much time and effort calculating expenses and the bank will do this by itself.

Multiple sub cards

For personal credit cards, you can only open 1 - 3 additional cards, but for business credit cards, you can open many cards.

How to open a credit card for business owners

To open a credit card for business owners, you can register in two ways: online or in person.

Guide to opening a credit card for businesses

Apply for a business credit card directly

Before going to the branch or transaction office to register for a card, customers should carefully prepare the following documents for a smooth registration process:

Business license.
Tax registration documents.
Seal sample, certificate of seal sample registration.
Articles of Association.
Copy of operator's ID card/CCCD.
Copy of CCCD/ID card of authorized person (if the company submits the application by authorization).
Other documents follow the regulations of each bank.

After preparing all documents, customers can go to the nearest transaction office to be guided by the transaction officer to complete the registration process.

Apply for a seamileage credit card online

To save time and effort, customers can log in to the website https://seamileage.seabank.com.vn/ to proceed with the process of registering for a seamileage credit card online. You just need to fill in the required information such as: Full name, email, phone number, business name, position and press the submit button then wait for the bank's response.

Notes when using

Who should own this powerful card?

The bank stipulates that the credit card owner must be 18 years of age or older (from the time of application) and have full legal capacity. The corporate credit card owner must be an officer or employee designated to use the card for corporate purposes. The company must authorize the use of the card by applying for a card according to the form available at each bank.

Things to know when using corporate credit cards

Fees and incentives

Before registering for a corporate credit card, customers need to understand the fees such as issuance fees, withdrawal fees, annual fees, etc. to have a basis for choosing a card issuing bank. In addition, customers need to learn more about the promotional programs of each bank to enjoy incentives during the card usage process.

Card Security

Credit cards have quite high limits, so card security is very important. Therefore, businesses should pay attention to card information security to avoid risks.

Corporate credit cards are an effective financial solution for many businesses today. Hopefully this article has answered your concerns about how to open a credit card for business owners. Contact SeABank now for detailed advice on credit card types if you are interested in opening a card!