💳 Card Limits in SiFi

💳 Card Limits in SiFi

With SiFi, you can set custom spending limits for every card issued. These limits give you control over how funds are used, ensure compliance with company policies, and prevent overspending.

Notes👉 Important: Card limits do not reduce your company balance upfront. Your balance only decreases when the card is actually used for a transaction.

🔐 Who Can Set Limits?

  • Cardholders cannot change their own limits.

  • If you are a cardholder, you’ll need to request a new limit, which will follow your company’s approval workflow.

  • Admins and Finance Managers can directly set or update card limits.


🛠️ Types of Card Limits

SiFi supports several types of limits to fit different spending needs:

1. Daily Limit

  • Resets every day at 12 AM.

  • Unused balance does not carry over.

  • Best for small, everyday expenses like office supplies, meals, or transportation.

2. Weekly Limit

  • Resets every Sunday at 12 AM.

  • Any unused balance does not carry forward.

  • Ideal for weekly allowances, travel budgets, or project-based spending.

3. Monthly Limit

  • Resets on the 1st day of each month.

  • Balance does not roll over.

  • Works best for subscriptions, utilities, or recurring monthly team budgets.

4. Annual Limit

  • Resets on the 1st day of every calendar year.

  • Useful for annual events, training, or yearly expense allocations.

5. One-Time Limit

  • A fixed cap that never resets automatically.

  • If the cardholder needs more, they can request an additional limit, subject to approval.

  • Perfect for one-off expenses like equipment purchases, business trips, or project costs.

6. Approval-Based Limit

  • The limit resets only after expenses are submitted and approved by approvers.

  • Ensures every transaction is accounted for and compliant before funds refresh.

  • Great for petty cash–style control or stricter policy environments.

Notes⚠️ If approvals are delayed, the cardholder may temporarily run out of available balance.

7. Yearly Limit

  • The limit resets on same day next year

  • Perfect for yearly subscriptions. 


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