MasterCard Business Card

Key Features and Benefits

• Individual cards for designated employees, branded with your company or organisation name.
• Individual spending limits.
• A monthly cardholder statement for every user.
• Easy reconciliation with consolidated company-level billing.
• Free year-end summary statement.
• 25 day grace period on purchases before interest begins to accrue. 
• Repayment terms that match your business cash flow.
• Overdraft protection

MasterCard Global Services

MasterCard Global Service program extends the issuer's customer service infrastructure around the world. Available to all MasterCard cardholders who are travelling outside their home countries, MasterCard Global Service provides unprecedented emergency customer service - any time, anywhere, and in any language. MasterCard Global Service gives cardholders access to the following services provided by their issuers, MasterCard, and third party service providers.

• Lost and Stolen Reporting Service (LSR Service): Cardholders can file lost or stolen card reports and initiate the process to have their cards cancelled and replaced.
• Emergency Card Replacement Service (ECR Service): Cardholders can have their lost or stolen cards replaced quickly - anywhere in the world - at a convenient location. ECRs are delivered in the United States by the next day and within two business days almost everywhere else.
• Emergency Cash Advance (ECA): Cardholders whose cards have been lost or stolen can request an emergency cash advance and make any necessary pickup/delivery arrangements. Through the MasterCard relationship with Western Union, your cardholders can access cash at 233,000 locations worldwide.
• ATM Locations: Cardholders can call to find the location of a nearby ATM in the MasterCard ATM Network, and cardholders can obtain cash at more than one million ATMs worldwide.

ATM Protection

If a cardholder is assaulted or robbed during or immediately after using an Authorised Teller Machine (Cajeros Automaticos), coverage may be provided to replace stolen cash (withdrawn). In the event of death due to the assault, coverage may also be provided.

MasterRental

MasterRental Insurance pays for covered damages to the rental vehicle when the eligible MasterCard is used to initiate and pay for the entire rental transaction. The MasterCard cardholder and those designated in the auto rental contract as authorised drivers are covered. The cardholder must rent the car in his or her own name and decline the collision/loss damage waiver offered by the car rental company. Covered damages, include:

• Physical damages of the rental vehicle due to collision, theft, vandalism, and accidental fire, up to the actual cash value, subject to the maximum benefit amount provided.
• Reasonable and customary charges imposed by the rental car company for the period of time the car is being repaired ("Loss of Use" charges) that are substantiated by a Fleet Utilisation log.
• Reasonable and customary towing charges to the nearest qualified repair facility imposed by the rental agency on a covered loss.

MasterTravel

MasterTravel provides coverage against accidental death, dismemberment, or paralysis when travelling as a passenger by land, air, or sea on a licensed common carrier. Cardholders must purchase tickets using their MasterCard cards or acquired tickets through points earned with a MasterCard rewards program. Losses resulting from acts of terrorism are covered. Coverage is provided to the cardholder, spouse and unmarried dependent children under age 18-or up to age 25, if attending school as a full-time student – including stepchildren or legally adopted children. The spouse and dependent children to do not need to be travelling with the cardholder to be considered Insured Persons. In addition, through the Insured Journey Benefit program, MasterTravel provides 24-hour coverage against accidental death for up to 60 days after disembarkation from a common carrier at the destination of a trip.

MasterCoverage

The MasterCoverage Liability Protection Program protects employers against losses incurred via employee misuse of company payment card privileges.

The MasterCoverage program will reimburse the employer for losses/charges up to the limits defined in the policy. Employee termination and account cancellation is a requirement of the MasterCoverage claim process; if employee termination is not possible, then in order to file a claim under the program, the cardholder's account and card(s) must be cancelled.

What you should know before you apply

• View our Corporate Banking fee schedule (pdf, 43kb)

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