Corporate credit cards are cards issued to the employees of a company by the boss to spend on specific and authorised company related costs. Some of the best corporate credit cards in Dubai are high in demand, mainly due to the sheer variety of advantages they offer their holders. Expense management can be a tricky thing, especially in larger institutions that run on huge costs. While they churn in a good amount of revenue, they also have massive outgoing costs, which are well taken care of with credit cards designed especially for such businesses.  Dubai is a booming financial hub and has some of the biggest names within the world, holding offices there. They require constant international and local travel, corporate gifting, client experience perks, employee management, etc. The best corporate credit cards in Dubai will simplify this expense and allow you to manage your expenses in an organised manner, not to mention giving additional perks.

Benefits of Corporate Credit Cards in Dubai

Here’s how the use of corporate credit cards will benefit both the employees as well as the owners of the office.

  1. Control and Visibility

When the expenses are going in high numbers, it is hard to keep a tab on what is outgoing. Cash payments can pile up and are a redundant mode of payment in today's day and age anyway. The credit card will keep a tab of every penny spent and at what merchant. This allows the issuer of the card to control the spending as well as keep a close watch on how and where the company finances are being spent.

  1. Ending Receipt Fraud

Employees can sometimes forge receipts and show fake expenses, which can usually not be tallied. With corporate credit cards, the finance teams have full access to the details of every transaction, effectively putting an end to receipt manipulation of any sort.

  1. Credit Card Rewards

Reward points are a huge advantage for the cardholder. Every transaction awards you points, which can then be exchanged for several things such as shopping, dining, entertainment services, flight tickets, flight upgrades, duty-free discounts and much more. This is a welcome perk as everyone likes freebies, and employees also stay happy.

  1. Cash Rebate

One of the biggest advantages of Dubai's best corporate credit cards is the cash rebate on purchases. The percentage of these rebates vary from each card-issuing company to another but usually lies within the range of 1% - 5%. This also depends on the type of spend and is typically issued for transactions pertaining to flights, office supplies, business dinners, gas, etc. This rebate can save a huge amount for the companies, especially ones that require a lot of company travel and big-ticket items such as laptops and mobile phones for their employees.

 

  1. Employee Satisfaction

Even though it is often disregarded, the employee’s happiness is directly proportional to the quality of work he or she delivers. If they need to travel for work, bring in business, take clients out to dinners that will provide lucrative business for the office, send out corporate gifts, and many such other activities, they would not do it with gusto if they were paying out of their pocket. Sometimes, their salaries wouldn't allow such expenses either. Giving them corporate credit cards to make legitimate expenses for the benefit of the office allows them to make such expenses and overall adds to the benefit of the company. This also gives them the pride of being trusted. Reward points utilisation can be another factor in keeping them happy.