Business Services - Business MasterCard

Business MasterCards
The Credit Union Business MasterCard credit card can help your business save time and money by providing you with an easier way to track and manage your business expenses. The Business MasterCard credit card allows your business to:

• Consolidate  business purchasing
• Streamline billing and payment
• Improve cash flow
• Simplify expense management
• Reduce paperwork
• Maximize productivity
• Enhance purchasing information and analysis

Features of Business MasterCard Credit Card

• $100,000 Common Carrier Travel Accident Insurance
• Global acceptance at 24 million location worldwide
• Emergency Cards & emergency cash with on phone call
• Lost & stolen card assistance, 24 hours a day, 7 days a week.
• MasterCared Road Assist – 24 hour roadside assistance at preset rates.

The Business MasterCard credit card allows you to choose between 2 different payment methods.

Consolidated Pay Features

• One main account is created for the business (called a control account) and
  an account is created for each employee within the business (called a sub account).
• The business receives a consolidated statement and each employee on the account receives a courtesy statement for information purposes only. One payment is remitted by the business and paid to the control account.
• The credit limit on each sub account acts as a monthly spending limit that cannot be
  exceeded during a statement period, even if a payment is made during that period.
• Purchases made throughout the day are transferred to the business' control account every night. For an accurate balance, employees should consult the balance on the control account.  An example of a type of business that would value this payment option is an incorporated business with many employees. This type of business would appreciate the ease of making one payment on the account and the control of monthly spending limits.

Individual Pay Features
An example of a type of business that would value this payment option is a partnership with two or more partners, because it would allow them to keep their finances separate.

• An account is created for each employee within the business account (called an
  individual account).
• Employees receive a separate statement with an amount due and there is no summary
  statement created for the business. Payments must be remitted for each individual account.
• The credit limit is not set up as a monthly spending limit. Payments free up the credit
  limit as soon as they are posted to the account.
• For an accurate balance, employees should consult the balance on their individual
  accounts.
  

Contact your local branch for more information
or to sign up for the Merchant MasterCard Services