Numarqe offers up to 90 days of interest-free credit, providing businesses with unmatched flexibility to manage cash flow and invest in growth opportunities.
Their intuitive platform delivers real-time spending data, enabling businesses to track expenses, set spending limits, and analyse trends on the go, leading to more informed financial decisions.
Numarqe caters to global businesses with its multi-currency sub-accounts and support for multiple entities within a corporate group, streamlining international payments and expense management.
Seamless integrations with leading accounting software like Xero, Netsuite, and Sage automate expense reconciliation, saving time and reducing errors.
Numarqe's AI-driven credit engine offers flexible credit limits and tailored payment terms based on your business's specific needs.
Numarqe provides dedicated account managers who understand your business and offer personalised support to help you maximise the benefits of their platform. This personalised approach ensures you're never left in the dark and always have a trusted partner to help you navigate your financial needs.
Numarqe also offers supplier financing, expense categorisation, virtual cards, and other advanced features that empower businesses to optimise their finances.
As a credit product, Numarqe has specific eligibility criteria for businesses, which may exclude some startups or smaller companies with less established credit histories. Numarqe focuses on the midmarket sector and feels its products best fit this niche of customers.
Unlike some competitors, Numarqe doesn't currently offer a traditional rewards program with points or cashback. However, its focus on financial empowerment and cost savings through features like extended interest-free periods, multicurrency support, a variety of tools that come out of the box, and dedicated account management can be considered a more valuable alternative to rewards.
While Numarqe aims for transparency, certain fees may apply depending on your usage, such as late payment fees or foreign exchange fees for non-card currency transactions. It's essential to review the fee schedule and terms carefully. Numarqe also charges account fees.
Numarqe is primarily designed for corporate expenses and is not suitable for extensive personal use.
Numarqe is currently available for businesses incorporated in the UK and the European Economic Area (EEA). While they plan to expand to other regions, this limitation might affect companies operating outside these areas.
The American Express brand carries a certain cachet that many businesses find appealing.
Amex offers a range of rewards programs, including Membership Rewards points, airline miles, and hotel loyalty points, which can be attractive for frequent travellers and those who value luxury perks.
Amex cards often come with comprehensive purchase protection and travel insurance benefits, providing peace of mind for business expenses.
Amex's higher merchant fees lead to lower acceptance rates among smaller businesses and retailers, particularly outside the US, limiting your international spending options.
Amex's rewards often have much lower acceptance rates than its marketing suggests. For example, reward points can only be redeemed with certain flights or airlines and must be booked through AMEX’s own travel platform.
Amex's card programs and benefits vary across regions, creating a lack of transparency, confusion and inconvenience for businesses with international operations.
Amex cards often have higher annual fees than other corporate credit cards, potentially outweighing the value of rewards for some businesses.
Amex credit limits might not be as adaptable to the dynamic needs of growing businesses, and increasing them can be cumbersome. It is not possible to track spending against the overall account limit in real-time.
Barclaycard's reporting and transaction tracking are often delayed, making it challenging to monitor spending in real time.
While Amex is known for its customer service, some users have reported difficulties in resolving issues or navigating complex policies.
Many customers have reported unexpected limit reductions and account freezes without prior notice, particularly when AMEX is performing their annual customer account reviews.
Many corporate Amex cards don't provide detailed spending reports or insights, making it difficult to track your company's expenses and identify areas where you can save money. Transactions require a third party to amalgamate expenses across cards and provide expense management.
