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Before you start crafting your corporate credit card policy and procedures, be sure to know what credit cards you want to use, the requirements of your credit card provider and your own company’s needs.
A company credit card policy is a set of guidelines that govern how employees use company-issued credit cards. These policies outline proper procedures for expense reporting, spending limits, and allowable purchases.
To be eligible for a corporate credit card, an employee must hold a position that requires frequent travel, purchase significant volumes of goods and services for use by the employer, or incur...
The credit card policy should include the terms and conditions of having a credit card, its credit limit, interest rates, rebates, proper payment of monthly and annual dues, and transactions that are considered official business expenses.
A company credit card policy clarifies the protocols and terms and conditions of use associated with a company-issued credit card. The main purpose of the company credit card policy is to protect the business from unauthorized payments and to outline clearly the repercussions of inappropriate use.
This Corporate Credit Card Policy sets forth the Company guidelines that will be applied to all employees who are issued a corporate credit card. This policy conveys company expectations and procedures for the issuance, application, use, safeguarding, payment, and termination of the corporate credit card issued to [Insert company name]’s ...
Corporate credit card policies offer guidelines that dictate how a company’s employees should use business credit cards. The policy typically ensures corporate funds are used for legitimate business expenses and prevents misuse or abuse of company resources.
A company credit card policy is a set of guidelines and rules that govern the use of company-issued credit cards by employees. This policy outlines the procedures for obtaining a company credit card, the authorized uses of the card, and the consequences for misuse or abuse of the card.
That’s why it is a best practice to create a straightforward, clearly written and easy-to-follow corporate card policy manual. How to Write a Company Credit Card Policy. Effective corporate card manuals start with sound preparation.
How To Develop an Effective Employee Credit Card Policy. In This Article. View All. Photo: Maskot / Maskot / Getty Images. Does your company have an employee credit card policy? If not, creating an effective one may help cut down on unnecessary expenses. These tips can help.