Introducing Fyle’s Integration with American Express: Issue virtual Cards easily!

American Express® Business or Corporate Credit Members can now issue unlimited, on-demand virtual Cards on the Fyle platform!^1*_‍

_{*Enrollment is required and fees may apply with Fyle}

Virtual Cards have gained immense popularity among businesses for several reasons. They offer heightened security, they come with integrated spending controls, and they’re extremely easy to issue and manage for different purposes. If you have an existing American Express® Credit Card program for your business, you can now create and issue unlimited virtual Cards with built-in controls linked to your physical Cards using Fyle. 

These virtual Cards are an extension of your existing American Express credit line, providing a plethora of benefits while enhancing your expense management. Get control and visibility on spending while retaining rewards², memberships, and banking relationships. 

Why Should You Use virtual Cards?

A Card for every purpose 

The best part about virtual Cards is that they can be issued for specific purposes. Let’s say you have employees who constantly travel, you can create Cards for each trip. If you deal with contractors and sub-contractors, give them Cards with spending limits to purchase materials and more, so they always stay within budget. Or if you have multiple subscriptions or vendors to pay, you can create Cards for each vendor, with pre-set limits. Issue a Card for every purpose. 

Real-time spending visibility and automated receipt matching

Every time users spends on their American Express virtual Cards, they’re prompted via text to add receipts. They can simply reply to the message with a picture of the receipt, and Fyle will automatically reconcile it with the Card transaction. Collect and match receipts within seconds of the transaction actually happening. As admins, you will see transaction data flow into the Fyle dashboard at the time of Card swipe.

Granular spend controls 

Set spending limits and choose when a virtual Card should expire, allowing you to manage your expenses effectively and avoid unwarranted spending. These limits are applied when the Card is used and before the spending actually happens, giving you complete control. 

Easy-to-use

Fyle's platform makes it incredibly easy to connect your existing American Express physical Cards, issue virtual Cards, add limits, cancel Cards, or extend their validity. 

Better security

A virtual Card is a digitally generated 16-digit number that can be used for online transactions. This is different from your physical Card number, which remains hidden. Since there’s no actual physical Card, there’s no risk of the Card getting lost, stolen, or damaged. Additionally, virtual Cards usually come with limited usage in terms of spending limits or validity, meaning they can’t be misused.  

Learn more about virtual cards here. 

How Can You Start Issuing virtual Cards? 

1. Connect your existing physical American Express credit cards to Fyle via our direct connection: Business owners or admins can add their American Express credit cards to Fyle using their credentials, and get started. Instead of dealing with third-party connectors, tedious bank feeds, or statement uploads, these are direct connections with your credit cards. 

2. Issue virtual Cards in minutes: Create and issue virtual Cards assigned to specific employees. You can add a card limit and define the expiration date beyond which the card will automatically get disabled. 

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3. Start receiving transaction data in real-time: Spend data reflects on Fyle within seconds of cards being swiped, giving you never-before-seen visibility. 

4. Automate receipt collection and matching: Users can submit receipts via Text messages, Gmail, Outlook, Slack, Email forwards, Fyle’s mobile app, or more, and we will automatically match receipts to the correct transaction, simplifying reconciliation. 

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Make your American Express Card work for you

American Express virtual Cards issued with Fyle are a game-changer because they are linked to your current physical Credit Card from American Express. At Fyle, we believe in giving our customers the choice to use whichever Credit Card suits them best, not forcing them to switch their Card providers. With virtual Cards, you can take advantage of the American Express credit line, rewards and billing cycle to utilize cash on hand for your business until your Card payment is due. 

Conclusion

Get better security, real-time control, and streamlined expense management with American Express virtual Cards. From multiple ways to collect receipts to automated GL coding, Credit Card reconciliation, policy compliance, and direct sync with your accounting software, Fyle makes it incredibly easy to manage expenses on your existing Credit Cards. Learn more about how you can start issuing virtual Cards linked to your physical American Express Cards, and get a demo of the platform.

¹_{To generate American Express virtual Cards through Fyle, you must be an American Express Corporate, American Express Business, or American Express Corporate Purchasing Card Member. Separate enrollment with Fyle and American Express is required to utilize combined product offering. To make an American Express Card payment to a vendor through Fyle, the vendor must be an American Express accepting merchant. There is no fee to generate American Express virtual Cards. Certain features, upgrades, and additional payment methods may require separate activations and fees may apply. Fyle is solely responsible for determining any and all fees associated with their product. Please contact your Fyle representative to learn more.}

²_{Not all Cards are eligible to get rewards. Terms and limitations vary by Card type.}