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How to write a company credit card policy? Determine the purpose of your Corporate Credit Card. ... Outline the roles and responsibilities. ... Define the guidelines for company credit card spending. ... Create Expense Guidelines For Card Holders. ... Keep In Mind Corporate Credit Card Policy Compliance.
Only the named cardholder may use their corporate credit card ? it's not to be shared with colleagues. Cardholders are liable to repay anything that they spend that's outside the company's expenses and corporate credit card policy, so they are responsible for understanding the rules and limits.
Cardholder Responsibilities Every card program should outline the responsibilities of the employees who hold them. This includes guidelines for tracking expenses, credit card use, adhering to spending limits, and promptly submitting reports.
You can use a company card to pay for work-related expenses only. This includes: [Expenses involved in meeting with clients (e.g. dinner, printed material)] [Accommodation during work-related travel]
Sometimes, in the hustle of trying to take care of things, the lines between your business life and your personal life can become blurred. So, what happens if you take care of some personal shopping on your business credit card? Putting your personal purchases on your business credit card technically isn't illegal.