Absolutely! We charge a flat fee of $5 per month per additional cardholder.
Our credit facility ranges from $5k to $500k, depending on our risk assessment of your business and the card limit you want. Once you have a max limit, you can select a total limit within that restraint that suits your needs. If your chosen limit is greater than the assigned limit for your plan, you can either pay an extra $10 per month per $5,000 additional limit, or move to a higher plan. We can re-assess your limit at any point in the future. If you need additional funds, just chat with your account manager.
You are set up on a monthly statement date and all transactions within the monthly cycle are payable in full. So you have 30 days to pay for a transaction. We make this easy by setting up a direct debit in your Cape account.
If you don't pay back your balance in the 30 day credit period, we will charge a late payment fee. This fee is 2% of the outstanding amount.
We charge a 0.5% fee per foreign currency transaction outside the allowance within your plan to cover our costs. Keep in mind, most corporate credit cards will charge you around 3% per foreign currency transaction, so this is still a market-leading rate!
This just means you can invite other people in your business to your Cape account, issue them a card, and set a custom limit as a portion of your total limit. No need to share your card around the office with everyone anymore!