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5 benefits of using CardUp for your business

The CardUp Team Sep 25, 2020 1:26:00 PM
5 benefits of using CardUp for your business

As a business owner, there are many verticals in the company that require your attention: operational efficiency, business growth, digital productivity – and ultimately, overall bottom line. With this set of responsibilities and undertaking, it also comes with its own set of challenges, such as balancing cash reserves, managing seasonal fluctuations, optimising working capital and pushing for company-wide digitisation.

The solution to many of these challenges in fact lay in your pocket, in the form of a credit card. CardUp, a credit card enablement platform, takes this even further, by enabling the payment and collection of big expenses using credit cards, in places where cards are not accepted today.

But how can CardUp help my business, and what value can I expect?

Here are some ways in which you can benefit by using CardUp for your business:

  1. More cash on hand for optimised growth
  2. Minimal operational disruption in challenging times
  3. More cash savings and additional rewards for your business
  4. Digitisation and future proofing the company
  5. Improved working capital by collecting credit card payments 

More cash on hand for accelerated growth

5 benefits of CU #1

If you manage or own a business and are keen on expanding, it can sometimes be hard to find additional funding to do so. There are options such as loans or grants, but they might not always be the best solution due to their high administrative costs, processing time, collateral requirement or strict qualifications.

With CardUp, your business gets a unique working capital solution that paves the way for business owners to use their credit card lines as a flexible and affordable source of funds. This is done by enabling you to use your credit cards for day-to-day payments such as rent, payroll, supplier invoices, even if your recipient does not accept card payments. As a result of putting these expenses on a credit line, you free up cash on hand. Better yet, the recipient does not even need a CardUp account to receive this payment, making it a convenient and easy way for you to optimise your working capital. Furthermore, if you pay off the credit card bill by your bill due date, you are essentially tapping on this credit at zero percent interest!

By putting these fixed, day-to-day operational spend on your credit card via CardUp, you have additional cash on hand for strategic spend and other investments, including expansion plans, digital infrastructure or even more stock purchase in anticipation of seasonal demand. By using CardUp, you free yourself from limitations like the lack of working capital and will be able to focus on growth strategies and efforts.

 Value for your company:

  • Instant, hassle-free access to interest-free working capital
  • Cash on hand can be better utilised for mid to long-term growth strategies

Minimal operational disruption in challenging times
5 benefits of CU #2

The working capital freed up by CardUp can also help you deal with volatile cash flow or overcome quieter periods if your business is dependent on seasonal revenue. Reports suggest that over 80% of Hong Kong SMEs find it difficult to require business financing, and in such challenging times, companies also do not have the luxury of time to process most of these financing options as well.

CardUp can function as a great safety net in these cases of emergencies. Since your credit cards come with ready-to-use credit, they are a fast and cost-effective way to access capital – just that it has always been possible for only the smaller expenses, such as for dining, travel and entertainment.

With CardUp, almost all business expenses can now be put on your credit card, allowing you to keep operations running even if you are facing a temporary snag.

 Value for your company:

  • Reduce disruption to operations and keep the lights on, even in low season
  • Better defensibility against off-peak periods

More cash savings and additional rewards for your business

5 benefits of CU #3

Businesses who switch all payments to their credit card via CardUp, enjoy savings in the form of cash-back or air miles, on payments they are already making anyway.

For the air miles earned on these big expenses, companies can also save up to 50% on their business flights, greatly reducing the costs needed for business trips! As an example, here’s how you could fly to Tokyo or Melbourne on business class for less than half the price:

  • Jim has expenses for his business averaging HK$150,000 a month when adding on his rental, payroll and supplier invoices
  • By putting his expenses on his credit card which earns 1 mile for every HK$6 he spends, Jim is able to earn 300,000 air miles a year.
  • With the air miles earned, he is able to redeem multiple business class return tickets, all thanks to CardUp:
Redeem CardUp fee spent Savings
3 return business class tickets to  Melbourne worth HK$90,000 HK$46,800 (2.6% fee) HK$43,200 or 48%
6 return business class tickets to Tokyo worth HK$96,000 HK$46,800 (2.6% fee) HK$49,200 or 51%


Also, by being able to pay suppliers on time – or even early – each month, companies can negotiate for early payment discounts on goods and services, leading to even more savings on these payments!

 Value for your company:

  • More cash savings in the form of cash rebates and air miles for cheaper business travel
  • Greater leverage in negotiating early repayment discounts from suppliers

Digitisation and future proofing the company

5 benefits of CU #4

Digitisation is the talk amongst SMEs now, with many government initiatives aiding companies to leverage technology, and market trends emerging in favour of technology-driven companies.

CardUp lets you shift many time-consuming, manual processes to its platform, saving a great amount of time, manpower and ultimately costs for your business. Companies spend thousands of hours each year manually processing cash and cheque payments, maintaining daily transactions, recording and monitoring accounts payables and more.

By being able to make payments on your credit cards seamlessly far in advance, or on a recurring schedule, you are able to save countless hours each week. Potential human errors in the issuance, processing and reconciliation of payments are also greatly reduced, lowering any chances of data errors and the costs that come with them. Your company can also track and monitor all past and upcoming payments on the dashboard, and having a digital payments trail will help improve the efficiency and transparency of many company processes.

Value for your company:

  • Numerous hours saved per week on menial tasks, improving productivity of employees and company
  • Improved payment processes with digital payments trail

Improved working capital by collecting credit card payments

5 benefits of CU #5

In addition to paying for your business expenses, you can also collect credit card payments with CardUp. This lets your business accept card payments with no fees, technical setup or operational disruption. Your customers are also able to pay you with their credit cards anytime, anywhere with your customised payment page.

Your clients and customers can schedule a one-off or recurring payment so you get paid on time and you don’t have to worry about chasing overdue payments. The icing on the cake is that customers and clients can also avail benefits as mentioned above, including gaining rewards on existing credit cards for their payments to your business.

Value for your company:

  • Better cash flow management by getting paid faster and more on time
  • Hours saved chasing late or missed payments, as well as manually processing cash or cheque payments



CardUp is an innovative card enablement platform that can be of great value to business owners and managers. It brings about many improved aspects for the business – from finance to account management and business development to cost savings. Allow yourself the opportunity to place your business ahead of the competition by using CardUp.

Sign up for your free business account here or contact us to know more.

Use your existing credit card as an interest-free financing tool for your business

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