Spending made smarter
Eliminate annoying banking fees, earn yield on your cash, and operate more efficiently with Rho.
Introducing Rho’s Automatic Card Payments that empower continuous spending for your business.
Outpacing a low credit limit is a challenge often faced by fast-growing organizations as their expenses increase. And, with this comes the time-consuming task of manually paying down their corporate card, sometimes daily, to avoid having important transactions declined.
At Rho we understand that you need to spend to scale which is why we maximize your credit limit headroom with the Rho Card to help you keep up with—and celebrate—your growing demand. How?
We do this by offering:
- High and more stable credit limits that scale as you scale
- Our new automatic interim card payments that ensure easy, interrupted spending, even as you near your limit
Read to learn more about our new set-it-and-forget-it rules that automatically pay a portion of your card's balance. Business spending has never been simpler.
How Rho automatic corporate card payments work
Rho’s automatic card payments empower continuous spending by triggering a partial payment of your balance as you near your credit limit.
This is a game-changer. When you no longer need to manually pay down your card every few days, or risk having important transactions declined, you can focus on other parts of your business.
How to configure automatic corporate card payments
- Set a credit limit threshold that will trigger a payment. This is a percentage of your total credit limit, such as 95%.
- Set a payment amount that will automatically be paid via an ACH pull. This is a percentage of your total credit limit, such as 5%.
- Choose your account for the interim ACH pull payments. When processing payables, you may select a Rho operating account or use a linked 3rd party account.
For example, using the figures above, if your credit limit is $100,000, once your credit balance hits $95,000, this will trigger an automatic payment of $5,000, paid via an ACH Pull from your selected account.
Wrap-up: Control spend better with Rho
Each and every business has unique spending requirements. Rho’s Automatic Credit Repayments can be configured precisely to your needs. Simply set your repayment rules including your credit limit threshold or repayment amount to suit your organization best.
And that’s it! Your business can now enjoy frictionless card usage.
Learn how the Rho corporate card can help you control spend today!
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