Can your company force you to use a corporate credit card?

Answer 1

Bottom line is, yes, they can force you to use their card or refuse to reimburse you. Where the company pays the bill: Most definitely. A company can require this process as it has no impact on your personal credit rating or ability to gain additional credit and has great benefit to the company in managing finances. They would have the ability to dock pay for any items not properly justified to remedy abuse. Where the employee pays the bill and is reimbursed by the company: You should read your company's travel policy and expense report process carefully. It will depend upon a number of factors. In this case, why would there even need to be a company credit card? One reason they do this is that it allows the individual to mix company and personal costs on one card, rather than trying to split bills. The following reasons apply: Company credit cards often automatically get a corporate or company discount. This means it is cheaper for the company. By using the corporate card, the company has access to all the records. In addition to validating expenses, it can help them generate the information necessary to negotiate better deals in the future. It also provides data to validate business expenses for tax purposes. Makes it much easier to consolidate data! Corporate cards often have additional benefits, such as specific levels of insurance automatically when renting vehicles. Companies often make deals with the credit card issuer to get better exchange rates for international travel.