How To Set Up Spending Limits For a Physical Corporate Card?

Corporate cards with spending limits empower businesses to maintain control over their financial resources by setting predefined boundaries on employee spending. These limits ensure that expenses align with company budgets, reduce the risk of overspending, and prevent unauthorized purchases. Additionally, they streamline expense management by categorizing transactions automatically, offering clear visibility into spending patterns. This not only enhances financial discipline but also simplifies the reconciliation process, making it easier for businesses to track and manage expenses efficiently.

Here is how to manage physical cards spending limits on Bujeti.

Step 1: Log in to your Bujeti account and go to Cards.

Step 2: Select the card you want to manage the spending limits for.

Step 3: Click on the menu at the right top of your screen and select Edit Card Settings.

Step 4: Define the settings of your card. You can define the following settings:

• Payment method restrictions: Allow or block ATM withdrawals, POS transactions, Online transactions and Contactless transactions.

• Spending Limits: Attach the card to an existing spending policy.

• Expense Category: Automatically define the category of expenses made with the created card.

• Merchants os Vendors: Restrict transactions to certain merchants or vendors.

Step 5: Click on Update Settings and voila! Your cards spending limits are define and automatically enforced. 

 By following these steps, you can ensure that each cardholder's spending is aligned with your business's financial goals, while also promoting accountability. You can also see how to activate a physical card here.