VI
Corporate Card
Purchasing card
Efficient Expense Management, Maximizing Corporate Benefits
Solution Information
Product Information
Introduction
- Card type: Corporate Credit Card
- Card brand: International Card brand: Visa, American Express
- Key Features: Besides the standard features of a corporate credit card, the Purchasing Card offers an additional feature that allows the limitation of card usage by setting specific merchants. This enables the cardholder to only make payments for the purchase of goods, materials, services, and legal, valid public spendings to (specific) Suppliers or Supplier Groups facilitating the company's business activities.
Benefits
- Maximize the use of 57 days of credit with no interest payments
- Enhance cost management efficiency, tailored to the company's specific purchasing needs with 54 diverse supplier groups classified by VCB according to industry/business sectors
- Optimize management resources for company expenses by utilizing supporting reporting systems. VCB is the first bank in Vietnam to partner with Visa to implement the Visa Spend Clarity for Enterprises (VSCE) reporting solution
- Fast and convenient payments, reducing risks compared to cash payments and simplifying the company’s advance and payment processes
Product information
- Card validity: 5 years
- Grace period: Up to 57 days
- Payment methods: Automatic debit, VCB Digibank, VCB iB@nking, or at Vietcombank transaction offices
- Usage limits:
- Spending: 100% credit limit
- Domestic withdrawal: 50% credit limit (Visa); 75% credit limit (American Express)
- International withdrawal: 30 million VND/day
- The maximum cash withdrawal amount for all credit cards belonging to the same card brand for each authorized individual (including corporate cards and individual card) is 100 million VND per month
Fees, Forms & Guides
Fees
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Forms & Guides
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About VCBF
VCBF applies an effective investment strategy acquired from more than 72 years of global fund management experience of its parent company FTI.
