Dept. mailing address: Emp.Work Phone: Dept. Fax Number: Employee Banner #ID University Index Number: (Index number cannot be a grant account number.) Applicant is an employee of William & Mary/VIMS. Yes No I hereby certify that I have examined this employee s duties and estimate that the purchasing card will be used based on the following spending analysis and within the ranges indicated below. Total Estimated Spend Range per Month: Highest Single Transaction Amount Range per Month: $1-.

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How to fill out the WM Employee Application For Small Purchase Charge Card (SPCC) online

This guide provides a comprehensive, step-by-step approach to filling out the WM Employee Application for Small Purchase Charge Card (SPCC) online. Following these instructions will help ensure that you complete the form accurately and efficiently.

Follow the steps to complete your application expertly.

  1. Click the ‘Get Form’ button to access the application form and open it in your preferred online editor.
  2. Enter the agency name and number, selecting either '204-William & Mary' or '268-Virginia Institute of Marine Science'.
  3. Fill in the date of application, ensuring that you use the current date.
  4. Provide your full name as the applicant.
  5. Input your date of birth in the specified format.
  6. Indicate your department within the organization.
  7. Enter your email address for correspondence.
  8. Input your department's mailing address to receive communications.
  9. Fill in your employee work phone number and department fax number.
  10. Provide your Employee Banner ID and University Index Number, noting that it cannot be a grant account number.
  11. Indicate if you are an employee of William & Mary/VIMS by selecting either 'Yes' or 'No'.
  12. Complete the total estimated spend range per month field with accurate financial projections.
  13. Fill in the highest single transaction amount range per month by selecting the appropriate option.
  14. If applicable, check the box for business meals, catering, and/or food items or gas purchases while on official university business.
  15. Sign below as the Approver, acknowledging responsibility for the cardholder’s usage and compliance with university policies.
  16. Enter the approver's name, date, and email address.
  17. If different, the supervisor should sign, followed by the Program Administrator's approval.
  18. As the cardholder, complete the agreement and acknowledgment of receipt of the card.
  19. Sign and date your acknowledgment of the university's SPCC policies and submit it.
  20. Finally, ensure to save changes, download, and/or print the completed form as needed.

Complete your WM Employee Application for Small Purchase Charge Card (SPCC) online today for a smoother application process.

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How does purchase card work?

Essentially, a 0% purchase card gives you a set amount of time in which all the purchases you make using that card are interest-free. As you might expect, the length of the interest-free period differs from card to card – but it can be anything between a few months and a few years.

The two main types of charge cards are debit cards and credit cards. Debit cards withdraw money immediately from your account when you make a purchase. Credit cards do not withdraw money immediately when you make a purchase. Rather, you accumulate a bill that has to be paid off, usually within the month.

OF POLICY: The Small Purchase Charge Card (SPCC) Program is intended to streamline the procedure for procuring and paying for small dollar goods and services.

In summary But charge cards typically don't come with a spending limit and require the bill to be paid in full each month. Credit cards come with a spending limit and allow for minimum payments and, therefore, a balance carry-over each payment cycle.

Pros of Charge Cards Because they have to be paid in full each month, charge cards can help avoid a credit card debt spiral. Charge cards have no preset spending cap, which may allow cardholders to make large purchases without having to worry about “maxing out” the card.

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