Corporate Credit Cards?
I'm joining a MM investment bank after college (Investment Banking Analyst) and was wondering if Analysts get corporate credit cards? Trying to plan out which credit cards to start out with and would love some insight on how that works.
Apologies if this is a dumb question, but I really have no idea. Thanks in advance!
Yes you’ll get a corporate card that you’ll use to expense dinners, ubers, flights, etc. HR will talk about and run the new analyst class on best practices. Each bank does things slightly differently but they’ll give you the rundown during training
[deleted for inaccuracy]
Thanks for your reply! So, you recommend the CSR? I currently have the CS Preferred. Is it worth upgrading?
I have the preferred
At my old bank everyone had corporate cards. Easier for expenses, shitty for not racking up rewards points. For a while I would put all big $ items on my personal (flights, hotels) and then have the bank reimburse me, but then they clamped down on that.
Thanks. Out of interest, what type of cards do the banks provide?
Most banks permit analysts and above to get a corporate credit card/corporate AmEx. Personally, I find it more annoying to use it and prefer to put things on a personal spending card to capture points benefits and just get reimbursements, but everyone's different. If you're looking for a personal card, Chase Sapphire Reserve (better than Preferred) is probably the most common. Chase was giving huge bonus perks on it that netted out to like 7+ years of essentially no cost to the card (if I remember correctly) but they've since cut that in half... regardless, still a great card with awesome perks/benefits.
that's helpful, thanks! What type of cards do the banks provide (just interested)?
Most analysts get cards. You could also put the charges on your own card and get reimbursed, but then you have to file expenses. My bank actually gives administrative assistants to analysts for calendar management and expenses etc. So that person will collect receipts and log them. As to which cc to get, I would get one that gives high rewards for restaurants. Lots of people will tell you to get the chase or amex travel cards because those have status attached to them, but unless you're traveling a lot, you'll earn more points with something that gives highest rewards on restaurants.
Thanks. Out of interest, what type of cards do the banks provide?
amex or a bank branded card
Dignissimos est iste rerum expedita. Ut provident sed vel in temporibus dolores maxime. Illo aut ut non libero cumque suscipit odio.
Laborum quisquam temporibus qui sit illum modi soluta. Earum quae et sequi ut non velit id.
Fugiat ab eveniet doloribus et blanditiis sit itaque. Nobis ut ea maxime facere quaerat non. Quae ratione officia placeat quia.
Aspernatur qui et enim expedita perferendis hic recusandae sed. Error dolor modi cum qui ea facere. Doloribus omnis quisquam ut dignissimos unde. Enim voluptatibus vel ipsa facilis porro dolorum. Ut sequi voluptate non voluptatem laborum ullam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...