Corporate travel cards

A corporate travel card is a payment card an employer can issue to employees for business travel expenses — including flights, hotels, car rentals, and meals. These cards streamline the expense reimbursement process, allow for better financial control, and improve security.

In general, corporate travel cards can be prepaid, credit, or debit cards. Ours are multi-currency debit cards — both physical and virtual. You can also order stainless-steel Metal cards, available on our Grow, Scale, and Enterprise plans.

Prepaid travel cards have a fixed amount of money loaded onto them upfront. Once the money's spent, employees can't use the card until it's topped up.

Debit travel cards are linked to a bank account and allow the holder to spend money directly from their account balance.

Our multi-currency travel debit cards let you spend directly from existing currency balances in your account, cutting down on unnecessary exchange fees. If you don't hold the currency you need to spend in, you can exchange as you pay at the interbank rate (within your plan's allowance, during market hours).

There are several types of cards commonly used for business travel:

• Corporate credit cards are issued directly to employees and have credit limits. They're often used for larger expenses, and can offer rewards and benefits. It’s important to pay back any credit spending as soon as possible to avoid penalty fees or additional charges.
• Corporate debit cards are linked to a company's account and allow team members to spend directly from the account. They offer more control over spending and are ideal for travel expenses.
• Prepaid travel cards are loaded with a specific amount of money and can be used for various travel expenses. They're a popular choice for companies that want to limit employee spending and have more control over currency exchange.

Our multi-currency debit cards offer most of the benefits of all 3 travel card types. As with prepaid cards, you can limit spend for each card or team, and set permitted spend categories. Because they're debit rather than credit cards, you don't need to worry about any late repayment or penalty fees.

Our corporate cards also allow your team to spend from specific currency balances directly, or exchange currencies at the interbank rate as needed (within your plan's allowance, during market hours), making them ideal for travel.

The best way to enable employee spending abroad depends on your business, including how often your team travels, the amount they need to spend, and how much control you need.

Here are some suggestions to consider:

• Use a travel card — a corporate card with low currency exchange fees can be a convenient and cost-effective way to spend abroad. Our cards let you exchange currencies at the interbank rate as you pay (within your plan's allowance, during market hours), or spend from currency balances already stored in your account.
• Avoid using credit cards — credit cards can have high foreign transaction fees and interest rates, which can add up quickly. If you decide to use them, see what charges and fees apply to keep your spend under control.
• Check exchange rates — make sure you choose a card with favourable exchange rates and fees. With Revolut Business, you can exchange currencies before a trip, so you know exactly how much the exchange costs, and then spend from that balance while travelling.
• Consider a multi-currency card — these cards allow you to hold and spend in multiple currencies, reducing the need for frequent currency exchange. Our cards offer multi-currency support, letting you and your team spend in 130+ currencies.

You can spend in 130+ currencies with our cards, exchanging automatically as you pay. You can also spend without exchanging, directly from the 25+ currency balances you can hold in your Business account — plus, withdraw cash from ATMs wherever Mastercard or Visa are accepted.

Learn more about the currencies these cards support.

Companies often record travel expenses by:

• using integrated expense management software
• capturing digital receipts automatically
• categorising expenses
• automating financial reconciliation
• maintaining documentation of processes and tools

Using our travel cards alongside our analytics and expense management tools can make recording expenses much easier and faster. Expenses is available on all plans at an additional cost.