Overview

As a company cardholder, you can empower your team to send virtual cards on behalf of the business by adding them to any budget you create. 

When you send a budget to one or more people in your company—could even be yourself—they become the budget user(s) and gain the ability to create, send, and update virtual cards within the allocated budget limit and controls.

There are three different types of budgets: standard, recurring, and unlimited.

Note: Before you can create a budget, you must register a card, which serves as the budget’s funding source.

Watch the video for a comprehensive explainer and demo of how budgets work.

Standard budget

A standard budget has a spend limit that does not reset. Budget users can send virtual cards of any amount within the budget limit. This budget is ideal for project-based spending. You can update the budget limit, active until date and users — at any time.

As budget users create virtual cards from a standard budget, the limit will adjust down, regardless of whether or not transactions have occurred on those cards. This function helps the team safely spend within the allotted budget.

For details about how to create a standard budget, see Creating a budget.

Recurring budget

A recurring budget is great for recurring team allowances or managing recurring expenses, like subscriptions. The budget limit will reset at your desired frequency (daily, weekly or monthly). You can update this frequency—as well as the credit limit and active until date—at any time.

As budget users create virtual cards from a recurring budget, the limit will adjust down, regardless of whether or not transactions have occurred on those cards. The limit will reset at the start of the replenishment cycle.

For details about how to create a recurring budget, see Creating a budget.

Unlimited budget

An unlimited budget does not have a set spend limit—the budget is only limited by the credit limit of its funding source (the bank-issued registered card).

This budget is ideal for people or teams that need broad flexibility around creating virtual cards. For example, your finance team may need a secure way to access to your business credit line so they can create virtual cards for payments.

For details about how to create an unlimited budget, see Creating a budget.