How do the expensify cards work?
How do the expensify cards work?
Answers
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Thanks for reaching out about the card! You can read more about it here. Drop us a line if you have other questions, as well!
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yes activate connected card
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Hi @balance! Thanks for getting in touch! Can you please elaborate your question?
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In reference to the discount if using an Expensify card, throughout the information, it mentions "if you use it for 50% of the total approved USD spend". But, on the card's website, it says if it is used for at least half of your organization's monthly expenses. Do it mean 50% of what we submit in Expensify? Or, is there an approved $ amount? Can you please clarify?
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Cortney Ofstad Expensify Success Coach - Admin, Expensify Team, Expensify Student Ambassador Posts: 173 Expensify TeamHi @TDCAT!
In regards to the 50% spend, this is in related to the approved expenses. Expensify looks at the total number of expenses approved during a given month and calculates that amount to see what was spent on the Expensify Card to determine the 50% discount.
If you have any other questions or need anything else, please let me know!
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Hi @Cortney Ofstad thank you for the response, very helpful. I do have one more question (although not related to the Card)….we are on an annual subscription but only received 45% discount. And the number of committed users exceeds the number of active users. Why would this not be 50%?
Thanks again.
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@TDCAT The discount is dependent on the number of approved expenses in a given month rather than the number of users or cards.
For example, let's say I'm an admin on a policy where in a single month my users submit and I final approve expenses for a total of $1,000. Where $300 of the expenses are made on the Expensify card and $700 are made with cash, then $300/$1000 = 0.3, so 30% of the transactions approved this month were on the Expensify card. The discount for my account this month will be 30%.
If your users forget to submit some Expensify card expenses last month and submit them this month, then they'll count towards this month's discount.
Some more detailed examples can be found here: What’s happening to my Expensify bill?
I hope this helps clarify the math!
