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What is a travel and entertainment credit card?

Definition of travel entertainment (TE) card Travel cards are 30-day charge accounts, with payment due in full before the next billing cycle; and some TE card plans, usually corporate cards, give the cardholder a quarterly summary of charges to the card.

What does TE card mean?

What Does TE Mean? Travel and expense, known as TE in the business world, refers to employee travel and client entertainment costs. Its a vital component in the business landscape. In businesses, where 10% of budgets are allocated to TE, it plays a docHub role as an operating cost.

What does TE stand for?

Definition of travel entertainment (TE) card charge card used to pay for hotel, airline, and other business related expenses. The first travel card was issued in 1950 by Diners Club, followed by American Express in 1958.

What is a TE card?

P-Card administrators can restrict usage to a certain dollar threshold or to a list of pre-approved merchants, which is why P-Cards are typically used for goods and services instead of travel.

What does TE mean in banking?

The TE Card is the preferred method of payment for employees to use when traveling on official University business and for business entertainment expenses. The TE Card is a Visa Card accepted anywhere a Visa can be used for allowable expenses.