What is a Business Card in the context of banking?

In banking, a Business Card specifically refers to a type of bank card issued to companies, allowing employees to make business-related purchases on behalf of the company. This card is often tied to a company’s business account, providing a way to manage and track expenses incurred during business operations efficiently. It typically comes with features designed to facilitate business transactions, such as spending controls, detailed reporting for easy bookkeeping, and often distinct rewards or benefits tailored for business expenditures.

This type of card supports the financial management needs of organizations by enabling employees to have access to funds necessary for travel, supplies, and other business-related expenses while ensuring that these transactions remain within budget and are properly documented. The other options do not accurately capture the essence of what a Business Card is within the context of banking.