Deep Dive: The Expensify Card

Stephanie ElliotStephanie Elliot Posts: 52Expensify Team Expensify Team
edited January 6 in Deep Dives

What is the Expensify Card? 

The Expensify Card is the world’s smartest corporate card in town, thanks to market-first daily settlement, unapproved expense limits, and realtime compliance features that enable the highest spend within the safest limits.  

How is the Expensify Card different from other card programs? 

  • Ultra-smooth employee experience: When employees swipe the card, the app reminds them to SmartScan the corresponding receipt and take care of any coding. With just a tap, the expense can be coded and submitted before the employee even leaves the table. 
  • Maximized eReceipt Coverage: Just swipe the Expensify Card, and the transactions will appear instantly in your Expensify app along with full IRS-ready digital eReceipts for all but the largest of purchases.
  • Realtime compliance: Capturing expenses in realtime is only part of the picture!  Scheduled Submit, Concierge DoubleCheck, and automatic approval features mean that expenses are submitted on time and within the rules of your tightly enforced expense policy. 
  • Automatic daily settlement: The Expensify Card balance is paid in full each day, automatically from your business bank account. No need to remember to pay off the card or worry about getting a supersized bill at the end of the month.
  • No additional fees and no interest: That’s right, the Expensify Card comes completely free with your Expensify account, with no fees, no interest, and no commitment.
  • Perks included at no cost: Expensify cardholders get special access to our industry-leading partners’ discounts and perks when they sign up using the Expensify Card. 

Want to learn more? 

Register for the live Company Card webinar to see the Expensify Card in action along with a look into the reconciliation process and SmartScan's merge magic!

Related articles:

Getting Started with the Expensify Card

Using the Expensify Card 

Expensify Card Perks 



  • TimSamuelCFOTimSamuelCFO Posts: 2Expensify Customer
    Hello,   I'm really interested in this credit card for the non profit I serve.  How do you deal with fraud on credit cards with a daily settlement.  For example, our offices were closed on Black Friday and fraudulent purchase were made on one users card.  They didn't call the bank until Wednesday the week after Thanksgiving and the credit card company alerted them.  We wouldn't have noticed that until that until the user went to do his credit card report.  Do you offer similar alerts?   Also, we ask employees to settle their last 30 days of purchases to tie to the credit card statement. Since its all integrated with the accounting software, what have you seen large non profits do in asking people when to do their expense reports?  Do they now just use the unapproved expense feature to determine when people should reconcile?  Thanks so much!  
  • Zany RenneyZany Renney Posts: 12Expensify Customer, Expensify Team Expensify Team
    Hi Tim!

    Thanks for your interest. I am going through your questions one by one:

    How do you deal with fraud on credit cards with a daily settlement? Do you offer alerts for suspected fraudulent transactions?

    1. A user receives real-time notifications on their expenditure which would mean they are immediately alerted if there are transactions they do not recognise. 
    2. We offer 24/7 charge cancellations via Interactive Voice Response.
    3. Users can also dispute charges via our Concierge platform.
    4. We offer immediate credit return upon investigation on disputes.

    Regarding your unapproved expenses limits when using the card:
    Your assign unapproved expense limits should be assigned with what's in line with policy for general cash expenses.

    Regarding your question about when people should reconcile:
    I need a little more context as to what you mean here. Are employees responsible for reconciling their own credit cards at present? When you say 'when' people should reconcile, what exactly do you mean?

    Looking forward to hearing back from you!

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