Combo Cards offers two types of cards: balance and limit cards.
Limit cards
Limit cards do not have their own balance.
All payments made with these cards are deducted from your total account balance.
When creating a limit card, you set a limit - the maximum amount that can be spent with the card.
The limit can be set:
for the entire lifetime of the card
per day
per month
It’s important to monitor the set limit. If the limit is reached, all further payments with the card will be declined.
You can always change (increase or decrease) the limit in the card settings → Сhange limit.
Important feature of limit cards
Limit cards are not topped up directly. Instead, a spending limit is set, and payments are deducted from the main account balance. At the same time, the 1 to 3 rule applies.
This means that to make a payment of a certain amount, your account’s main balance must have 3 times that amount available.
Example:
If you want to make a payment of $30,
your account’s main balance must have at least $90.
If there are not enough funds on the main balance, the payment will be declined.
Advantages of limit cards
no need to distribute funds across many cards
all payments are made from a single balance
convenient when working with a large number of cards
Limitations
The maximum payment amount depends on the available account balance due to the 1 to 3 rule.
Balance cards
Balance cards work differently.
They have their own balance from which all payments are deducted.
This means the card must be topped up before making payments.
If the card does not have enough funds, the transaction will be declined. That’s why it’s important to monitor the card balance to avoid declines.
Balance cards can be topped up:
manually
in bulk
automatically under configured conditions
Advantages of balance cards
suitable for large payments
no balance ratio restriction like with limit cards
Limitations
If you use a large number of cards, you may need more working capital because the balance must be distributed between cards.
This can be simplified by using automatic card top-ups.
Summary of the differences
Limit cards
operate from the account’s main balance
cannot be topped up directly
require setting a spending limit
the 1 to 3 rule applies
Balance cards
have their own balance
require top-up before payments
suitable for larger payments
if the balance becomes negative, the card is blocked