Central Travel Account

Managing corporate travel has never been easier.

The Visa Central Travel Account is a lodge card integrated with your travel agency for all your trip expenses and needs, including flights, hotels, meet & greet, ground transportation and other travel-related services.

Features and benefits

  • Credit period
    Improve your cash flows with our interest free credit period for up to 51 days
  • Integration across payment systems
    ERP system integration enables connection and synchronisation across other applications and data sources
  • Annual fee waiver
    Enjoy fee waivers and no hidden fees
  • Rebates
    Eligibility for rebate scheme (subject to approval)

Full business travel coverage

  • Enjoy full coverage on flights, hotels and other business travel expenses booked through your Travel Management Company (TMC) on the Central Travel Account

Reporting tools

  • Easy reconciliation
    Customised fields (cost centre, employee ID, project code, reason for travel, etc.) provide enhanced reporting
  • Statements
    We offer a flexible statement cycle – 5th, 15th, 20th, 25th of each month

Risk mitigation

  • With the Central Travel Account, we mitigate the risk of supplier default in terms of timely payments to IATA
  • We are a supporting travel partner, removing credit burden from TMCs, which have been impacted by COVID-19

Control and transparency

  • The Central Travel Account is lodged with the TMC and restricted to the travel-related merchant category
  • The data (bank financial data and TMC data) will be reconciled by Magnati’s partner Visa. Airfare is paid through the Central Travel Account directly to a billing and settlement plan (BSP), which guarantees there are no additional charges. TMC is paid immediately by charging CTA for the transaction fee

Employee benefit

The Central Travel Account has you covered on your travels so you can focus on enjoying your experiences. We offer complimentary travel Inconvenience and travel accident insurance:

  • Travel accident – up to USD 100,000
  • Personal liability – up to USD 250,000
  • Baggage loss – up to USD 1,000
  • Baggage delay – up to USD 1,000
  • Flight delay – up to USD 200
  • Flight cancellation – up to USD 1,000