Real-time Credit Card Purchase Alerts

Real-time credit card transaction alerts are instant notifications sent to you or your employees the moment a purchase is made on a business credit card. Unlike traditional bank statements or delayed feeds, these alerts provide immediate visibility into spending activity, allowing for quick action on receipt capture, fraud detection, and budget monitoring.

Fyle provides real-time credit card purchase alerts through direct partnerships with major card networks like Visa and Mastercard. When an employee swipes a corporate card, Fyle receives instant transaction data directly from the card network, bypassing traditional bank delays. This allows Fyle to immediately send a text notification to the employee's phone, prompting them to submit their receipt for that specific transaction.

Fyle streamlines business credit card management by offering real-time transaction alerts, automated receipt capture via text or other apps, and AI-powered expense coding. It connects directly with your existing business credit cards, eliminating the need to switch providers.

Fyle also automates reconciliation, enforces spending policies in real-time, provides granular budget tracking, and integrates seamlessly with your accounting software. This comprehensive approach helps you maintain control, prevent fraud, and accelerate your financial close.

Business credit cards offer revolving credit lines and typically allow balances to be carried over, providing crucial cash flow flexibility that many SMBs rely on. They also often come with robust rewards programs and benefits through established bank partnerships, which businesses strategically leverage for cost savings.

In contrast, corporate charge cards (often marketed by fintech solutions as "credit cards") usually require businesses to maintain significant cash balances as collateral (e.g., $75,000 to $250,000). They act more like a debit or pre-paid card, requiring payment in full each month and lacking the flexibility of revolving credit.

Their credit limits can fluctuate with your cash balance, potentially leading to unexpected transaction declines, and they might offer fewer rewards compared to traditional bank-issued credit cards. Sticking with your existing business credit cards allows you to retain valuable benefits and financial flexibility without disrupting your banking relationships.