Definition of travel & entertainment (T&E) card

charge card used to pay for hotel, airline, and other business related expenses. The first travel card was issued in 1950 by Diners Club, followed by American Express in 1958. Travel cards are 30-day charge accounts, with payment due in full before the next billing cycle; and some T&E card plans, usually corporate cards, give the cardholder a quarterly summary of charges to the card.