Corporate Credit Cards

Personal credit cards are often used for business purposes. However, many accountants and bookkeepers agree that separating personal and business purchases makes monthly reconcilement and income tax preparation much easier. Therefore, many of our business clients choose to establish a Corporate Credit Card relationship with Peoples First. Our Corporate Credit Card program features the following:

• Very competitive fixed interest rate of 14.9%, fixed. This is NOT a teaser rate.
• A low annual fee of $15
• Streamlined application and approval process
• Generous credit lines available, up to $10,000 per account

What is a Corporate Credit Card?

Peoples First realizes that many businesses need the same conveniences that consumers do when it comes to making purchases: ease of access, streamlined reporting, and security. In today's society, it is often not safe to transact business using cash. Checks offer an effective alternative, but the use of a corporate check often creates other problems, in that many businesses do not take checks as form of payment. Furthermore, in many cases, particularly when your associates make small purchases such as gasoline, small office supplies, and last minute inventory, the authorized check signer is either not available, or the checkbook is back at the main office.

Personal credit cards are one possibility, however, separating personal and business purchases makes life much easier. Therefore, many of our business clients choose to establish a Corporate Credit Card relationship with Peoples First to avoid many of these problems. We can arrange a generous line of credit, and issue credit cards to those you feel need the ability to charge purchases on the company's behalf. This credit line can also be used as an overdraft facility, serving as an additional line of defense against the embarrassment and cost of an overdrawn account. Some features of our Corporate Credit Card program include:

• Very competitive interest rate of 14.9%, fixed. This in NOT a teaser rate.
• Streamline application and approval process
• Generous credit lines available, up to $10,000 per account
• Very easy to customize, offer each associate a credit line commensurate with their needs
• Available for use as an overdraft facility for your Peoples First Commercial Checking account
• Locally serviced relationships with local decisions and local representatives ready to assist you

What are some Potential Uses of the Corporate Credit Card?

Your Corporate Credit Card may be used for purchases wherever MasterCard is accepted. This virtually eliminates the need to use company checks for purchases. There is no fee involved, and the card is interest free as long as the balance is paid in full at the end of the cycle. For larger purchases, simply use the competitive interest rate as an easy access line of credit. Finally, this credit line can be used as an overdraft protection facility, providing an added level of security against returned checks.

Sounds Interesting, what are your approval criteria?

Peoples First views businesses as extensions of their owners. It is often quite difficult to determine one from the other. Just as your business relies upon your skills and expertise to succeed, we will base our decision primarily on the qualifications, stability, and credit history of the business owner.

How do I get started?

Simply contact your nearest Banking Center and ask for additional details. One of our Business Banking representatives will meet with you to discuss your banking needs and the potential benefits of establishing a Corporate Credit Card relationship. There is a brief loan application, which requests financial information on the business and its owners, and we do require that a commercial checking account relationship be maintained throughout the card's life. We normally reach a credit decision within 48 hours.

Click here to see a list of our branch locations or call us at 800-624-9699 and we will introduce you to your local Business Banking Representative.