It’s natural to view credit cards simply as a means of spending money. You use them to buy things and pay bills, right? But when ECCU ministry members wisely manage the business credit cards given to their staff members, they can actually save time and money. Thanks to features like online reporting and individualized expense tracking, you can more closely and quickly monitor credit card use. Here’s how to make the most of your business credit cards.
Save time. It takes staff time to reimburse expenses. A business credit card like the one ECCU offers can reduce the need for expense reimbursement. Time saved! By setting and monitoring the spending limit on each employee’s card, and with the online reporting feature, you don’t have to go digging through expense reports to be sure everyone’s staying under budget. Time saved!
Save money. So how exactly can you save money by using a business credit card? Let’s count the ways:
- Low interest rate
- No international transaction fees
- Travel accident insurance
- Auto rental collision damage waiver
Each of these features can save your ministry money. Taken together, over time, that savings adds up.
Gain peace of mind. Risks are inherent with any means of conducting financial business. Cash can be lost. Checks can be stolen. The ECCU business credit card reduces these risks in several ways, starting with protection against fraud. Your ministry bears no fraud liability with this card. There’s also around-the-clock access to customer service in case of an emergency. And the card provides emergency cash disbursement or card replacement if a card is lost.
Stewarding ministry money wisely is hard enough. By choosing the right business credit card, you can free up time and money that can be invested in ministry.