Corporate cards – compare options and find the right solution for you

Frequently asked questions about corporate cards

How do Nordea’s corporate cards work?

Our corporate card selection includes a debit card, a charge card and a deposit card. You can use a corporate card to pay for the daily expenses of your company either with the physical card or easily with a mobile device. When using a Business Visa Debit card, you can manage your expenses in Nordea Business, whereas First Card transactions are shown directly in the First Card app.

What type of companies can benefit from corporate cards?

Corporate cards are suitable for small, medium-sized and large companies that want to improve their expense management and make payments easier.

A corporate card is a good solution if:

• you lead an SME and want a clear way to track expenses
• you are responsible for procurement in a large organisation
• your employees have work-related expenses, such as travel or entertainment expenses.

Corporate cards make it easier to track payments, improve cost transparency and reduce manual work.

What is the difference between a corporate debit card and a charge card?

Payments made with a Business Visa Debit card are charged directly to the corporate account linked to the card. The Nordea Digital basic service package for our corporate customers includes a Business Visa Debit card. You can also use the card to pay with a mobile device. 

A First Card charge card allows for an interest-free payment period of up to 30 days, and you will see all card purchases on a single invoice. You can also use your First Card to make mobile payments. In the First Card app, you can see your card transactions in real time and adjust the card’s security limits, for example.

Does an employee need to use their own money when paying with a corporate card?

No. With a corporate card, employees can pay for work-related expenses directly without using their own money or having to wait to be reimbursed. Depending on the card, the expenses are either debited directly to your company’s account or invoiced on a single invoice for the invoicing period.

How can corporate cards make it easier to manage expenses?

All payments are automatically recorded either to the company’s account or on a single invoice. This reduces manual work and makes expense management simpler.

Can Nordea’s corporate cards be integrated directly into a financial administration system?

First Card offers customisable solutions for financial administration systems. 

This service is available for large companies.

Can Nordea’s corporate cards be added to Apple Pay and Google Pay?

Yes. With Nordea’s corporate cards, you can also pay with a mobile device. You can add the cards to Apple Pay, Google Pay and Samsung Pay.

What is the difference between a physical and a virtual corporate card?

A physical corporate card is a traditional plastic payment card you can use in stores and when shopping online.

Mobile payment, however, is a fully digital payment solution. You can add the card to a mobile wallet such as Apple Wallet or Google Wallet and use it to pay online or to make contactless payments.