Airbase Card Programs.

Airbase’s corporate cards follow two different funding models: a pre-funded card program or a charge card program. The user experience from an employee’s perspective is the same, but there are some important differences for administrators of the company’s Airbase account in relation to cash flow.

The pre-funded card program draws on cash in your Airbase account. You simply deposit funds into your Airbase account, and every time you spend money, it’s debited for that amount. Your account can be topped up when needed, either by manually uploading funds each time or by using the autoload feature when your account reaches a certain threshold of remaining funds.

The charge card program doesn’t require pre-funding in your Airbase account. Instead, you can spend up to your pre-approved business limit before having to pay the balance in full at the end of the statement period. The amount due at the end of the period is auto-debited on the first day of the next statement period. For example, if a statement period is for one month and ends on December 1, the entire amount spent from November 1 through November 30 is due on December 1. The business limit and payment schedule are determined during the underwriting process, with the payment terms being either weekly or monthly. It’s possible to prepay, and there is no minimum usage requirement.

Key distinctions between the two types of cards are:

• Cash back: The Airbase pre-funded card has an industry-leading cashback rate of 2.2%. The Airbase charge card offers a generous 1.6% cash back.*
• Eligibility: The Airbase charge card has no interest or fee. In order to be eligible for the charge card program, a company must complete Airbase’s charge card application process and meet certain criteria. Once qualified, there is no founder liability or personal credit check.

* Cashback rate offered on Airbase charge cards may vary based upon the Secured Overnight Financing Rates published by the Federal Reserve Bank of New York or any such similar benchmark rates. Additional terms apply.