A corporate credit card is a type of credit card issued to employees of established companies that allows them to charge business expenses, such as hotel stays and plane tickets, to the card. The business entity, not the business owner, is legally responsible for all charges made on the card. Corporate credit cards are typically available to large companies with an established credit history and millions of dollars in revenue. Corporate credit cards are designed to meet the needs of established companies, typically those with at least $4 million in annual revenues, 15-plus card users, and projected charges of $250,000 or more each year.

Here are some key features of corporate credit cards:

• Corporate credit cards are issued to larger, established companies and differ from the business credit cards available to sole proprietorships and other small companies.
• Corporate credit cards are intended for a company with millions to billions of dollars in annual revenue, while a business credit card is designed for a company of any size, including a small business or a solo entrepreneur.
• Depending on the card, either the employee or the employer will be responsible for paying the credit card bill.
• Corporate credit cards allow employers to place limits on how much cardholders can spend per transaction, per spending category, or overall.
• Corporate credit cards make it easier to manage expenses—for employees and employers alike.

Its worth noting that corporate credit cards are generally only issued to large companies with a track record of success and an established business credit history.