Sample Policy For Company Credit Card
Description
How to fill out Alcohol And Drug Free Workplace Policy?
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FAQ
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.
Companies use corporate credit cards so that employees can charge authorized business expenses, such as hotel stays and flights, without relying on their own credit cards or cash. A corporate card usually carries a company's name as well as the name of the employee designated as the cardholder.
Steps for creating a corporate credit card policy Choose the kind of card you will use. ... Decide who will review and approve budgets and spending. ... Define approved business expenses?and be specific. ... State expense report expectations. ... Explain the consequences for breaking the company card policy.
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.