There area number of benefits associated with having a corporate card over a debit card that you’ll be provided when you sign up for a Business Current Account with a bank. Key benefits include:
a) Unlike debit cards you have an ability to easily issue your employees with cards and to set limits and monitor their spend in real time.
b) Built in expense management that help you and your teams save time on unnecessary administration by providing reconciliation of receipts, categorisation of spend and an easy ability to export this to your cloud accounting software partner.
c) Fraud and theft protection, as well as integrated tools to monitor and automatically notify you of any suspicious activity.
Nope. We appreciate that no two businesses are the same and are creating hyper-personalised and innovative underwriting models that allow Cape to set credit limits that are bespoke to your companies financial health based on things such as your cashflows and cash balance.
Regardless of whether you’re approved or rejected, your personal credit score will never be affected by applying to Cape. We only perform soft searches on your business and personal credit files when you make an application.
By simply using Cape you will automatically build up valuable corporate credit history as we partner with Equifax and illion to report on your companies on-time payment history.
Cape looks at a number of unique data points that are relevant to your company, including your cash balance and spending habits to then set an appropriate initial credit limit.
We can't wait for you to be part of our waitlist and take advantage of Cape's partner rewards program.
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