BTG Pactual Empresas review

The annual fee is BRL 0, and the card is sold on a no-annual-fee model. Business credit cards in the comparison set carry a median annual fee of €0, so nothing has to be paid to keep this card open.

International purchases carry no IOF, a tax applied to foreign currency transactions in Brazil, and the card lists that among its perks (IOF Zero on international purchases, contactless payments and virtual card). Removing the tax means the cost of an overseas purchase comes down to the exchange rate and any fee the operator applies. That makes it worth holding if the company buys from abroad regularly.

This card pays points, while cashback cards account for 49.5% of the comparison set, so points are the less common choice here. Points reward redemption, cashback rewards the spend itself. A company that redeems points reliably can gain more from this card.

The card is aimed at a business audience (business), which suits a company that needs a corporate card in its own name. Personal spending falls outside that audience, so day to day purchases need a separate card.

The card adds contactless payments, a virtual card, VIP lounges and travel insurance, all listed among its perks (IOF Zero on international purchases, contactless payments and virtual card). The virtual card is the practical one, since it can handle recurring online payments without handing over the physical card. Lounges and travel insurance mainly help staff who travel for work.

The card comes from Banco BTG Pactual S.A., a bank based in Brazil that was founded in 1983. Because it is built for companies, its account terms follow business banking rather than personal current accounts, and the card is offered to a business audience (business).

A credit card lets a company spend up to a limit and settle later, so short term borrowing costs interest rather than a fee. This card is a credit card (credit), and credit cards make up 96.8% of the comparison set. A debit card instead draws straight from the account.