Business credit card limit increased to 500,000 MDL

Companies need flexibility in managing their finances, particularly when facing day-to-day expenses, urgent payments or situations where payments must be made before funds are received. To better support companies’ operations, the maximum limit for business credit cards is increasing from 300,000 MDL to 500,000 MDL.

One of the key benefits of the business credit card is a grace period of up to 60 days at 0% interest.

This increase gives businesses access to a larger sum, available when the company needs additional financial resources here and now for its day-to-day operations.

What is a business credit card?

A business credit card is a financial solution designed for companies, offering quick access to a credit limit approved by the bank. In practice, your company can use the funds available on the card for various business expenses and subsequently repay the amount used in accordance with the product’s terms and conditions.

The card can be useful for:

• paying day-to-day expenses;
• payments to suppliers;
• purchases necessary for the company’s operations;
• operational expenses;
• unforeseen circumstances;
• periods when payments need to be made before receipts are credited to the account.

Thus, the business credit card offers you greater freedom in managing payments and helps you maintain business continuity.

Higher credit limit for greater flexibility

The new credit limit of up to 500,000 MDL means more resources are available to your company when you need rapid financial support.

This increased limit can be particularly useful for companies with frequent expenses, seasonal payments, higher operational requirements, or situations where it is important to act quickly without tying up funds in your current account.

What does the grace period of up to 60 days mean?

This means you can use the money on the card for business expenses, and if you repay the amount used within the agreed timeframe, you do not pay interest on that amount, in accordance with the product terms and conditions.

In other words, your company can make payments now and repay the amount later, within the grace period. This gives you extra time to organise your payments and can help you manage your cash flow more effectively.

For example, if you need to pay an invoice, buy raw materials or cover an urgent expense, you can use your business credit card, and your company will have time to repay the amount used on terms that suit you best.

Useful information on accounting records

For companies, it is important that the use of the business credit card is clear from an accounting perspective.

On the maib.md website, you will find useful information on accounting for business credit card transactions, which can help you better understand how these transactions are reflected in the company’s accounts.

This information may be useful for company administrators, accountants or staff responsible for the financial management of the business.

Apply for a business credit card and give your company greater flexibility in managing its financial resources.

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