Corporate card from Bank Audi and Middle East Airlines
Lebanon-based Bank Audi and Middle East Airlines have launched a new Cedar Miles Visa Corporate Card targeting companies.
The move comes four years after the launch of the Cedar Miles Credit Card Programme which targets individuals.
Bank Audi and MEA says the programme demonstrates their commitment to the private sector in Lebanon which plays a fundamental role in the expansion of the Lebanese economy. The programme is tailored to meet the specific needs of business owners and large companies, as it allows them to use the card for business expenses and to turn those expenses into Cedar Miles. At the same time, it is a tool to manage and control their staff’s business expenses.
Tony Gougassian, area manager for Qatar and the Levant, said: ‘T&E expenses accounts for 8-10% of total operating expense and a lack of control & compliance is the biggest challenge faced by corporations globally. Bank Audi Cedar Miles Visa Corporate Card is designed to help Companies streamline and effectively manage T&E and other business related expenses which will result in process & purchase savings.“
The card rewards both the company and its employees at the same time with free Cedar Miles: 1 mile for every dollar spent on the card. The programme is backed by a package of insurance, security and travel related benefits.