Credit Card Policy For Employees Template

The following three components are key to a sound company credit card program. This sample corporate credit card use agreement template is written for use in a situation in which a company provides a corporate card for employee use. A company credit card policy applies to all employees who maintain a credit card for company use and their managers.

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Sample Company Credit Card Use Policy Lovetoknow

Policy Regarding Use Of Company Issued Credit Cards

Corporate Credit Card For Travel Expenses

The corporate credit card policy is a document that explains what a corporate credit card can be used for who is eligible to receive a corporate credit card and the ongoing requirements that must be upheld when using a corporate credit card.

Credit card policy for employees template. 415 expenditure on the credit card must cease and the credit card returned on resignation suspension or retirement of the cardholder from the university. The corporate card cannot be used for cash advances non business related purchased or the purchase of alcohol alcohol will not be reimbursed both entities are tax exempt. The agreement is styled to be favorable to the employer and holds the employee personally responsible for charges associated with misuse of the card. 12 the corporate credit card is to be used for purchasing goods low valueone off purchases and payment of business expenses incurred while travelling on university business or entertaining within the rules of the financial regulations and travel subsistence policy.

A written agreement for the employee to sign. An effective corporate credit card policy successfully outlines the eligibility approval and usage surrounding corporate credit cards for internal use. A corporate credit card policy is important for businesses with a corporate credit card account. Expenses must be for approved budget items only.

Being a five colleges cardholder is a special privilege. The general purpose of a statement of policy and procedure is to ensure that company credit cards are used for appropriate purposes and that adequate controls are established for day to day use. Requirements for the corporate credit card. Corporate credit card policy employee pay.

Draft a document that lays out the ground rules for using the card and includes the acknowledgement that the employee takes responsibility for the card and agrees to follow the guidelines. Employees shall use their corporate credit cards to charge business related expenses. To reduce misuse of the companys credit card this entails laying out rules and regulations concerning how the business credit card should be used. Employees of your company are allowed to use business accounts.

All users of the card must comply with this policy and it is the cardholders responsibility to ensure that the card is used only in compliance with this policy. Will issue a corporate credit card to eligible employees for job related expenses. One of the best ways to cut down unnecessary employee expenses is by creating employee credit card usage policies.