Purchasing Card
A purchasing card is a credit card that is tailored to the needs of companies that want to reduce the volume of requisitions and invoice transactions.
Key users can create cards in the online banking system.
A purchasing card is a credit card that is tailored to the needs of companies that want to reduce the volume of requisitions and invoice transactions.
Key users can create cards in the online banking system.
The Purchasing Card is a customized credit card for businesses that want to reduce the scope of requisitions and invoice transactions. The card is particularly well-suited for purchasing goods and services and provides managers with better oversight of expenses and company operations.
Monthly spending limits can be set to precisely control what, where, and how much individual employees may purchase.
The Purchasing Card cannot be used for cash withdrawals.
50% discount on the annual fee if yearly turnover exceeds 1,000,000 ISK.
100% discount on the annual fee if yearly turnover exceeds 1,500,000 ISK.
| Insurance | Amount |
|---|---|
| Death benefits in case of accident | — |
| Disability benefits in case of accident | — |
| Health insurance | — |
| Travel refund | — |
| Hospital per diem | — |
| Luggage insurance | — |
| Luggage delay | — |
| Travel delay | — |
| Delays on the way to airport | — |
| Delays in case of overbooking | — |
| Purchase kasko | — |
| Kidnapping insurance | — |
| Cancellation insurance | — |
| Liability insurance | — |
| Comprehensive car insurance | — |
| Additional insurance in case of rental car | — |
| Valid for up to | — |
We offer businesses the option to register selected staff as key users who then receive enhanced permissions to manage the company's finances in the online banking system.
Fraud cases are fortunately rare, as we do our best to ensure cardholder security through risk management and fraud monitoring.
If a transaction appears on your card that you believe for any reason is not legitimate, you may potentially be entitled to a chargeback according to the chargeback rules of card associations.
If you believe you have been a victim of online fraud, please contact us immediately by phone at 444 7000 or by sending an email to netsvik@arionbanki.is. We also respond outside regular business hours.
Arion credit card holders have travel insurance with Vörður, which is included in the annual credit card fee. The insurance coverage may vary depending on which card you have, and we encourage you to familiarize yourself with the details.
More information at Vörður.is.
SOS International provides emergency services to cardholders 24 hours a day. This includes general medical assistance, ambulance services, temporary assistance with medical expense payments, and consultation.
Here you can find answers to common questions regarding card use and security in card transactions.