Credit Card Policy Template

The following three components are key to a sound company credit card program.

Credit card policy template. How to use the corporate credit card 4. Processing monthly statements 7. Corporate credit card policy and guidance contents. Corporate cards may not be used for cash advances for any reason.

Under no circumstances shall a school corporate card be used for the purchase of alcohol. Dcu credit card policy 2 10 introduction credit cards have been made available to provide an efficient means of making payments where the normal financial systems and services cannot meet specific requirements for expenditures. 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 policy requires more work compared to using a template.

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. The purpose of this policy is to communicate eligibility usage and payment of expenditure requirements for the corporate credit card. The agreement is styled to be favorable to the employer and holds the employee personally responsible for charges associated with misuse of the card. Cardholders are responsible for ensuring that they adhere to the corporate credit card policy thereby ensuring adequate controls are exercised to minimize the risk that corporate credit cards are used for fraudulent or corrupt purposes.

Loss theft of card 11. Without a corporate credit card policy template youll have quite the work cut out for you. Being a five colleges cardholder is a special privilege. Creating a policy from scratch is much more time consuming and involves a lot more work.

Guidance for internet purchases 5. If a company issues employee credit cards it is recommended to conduct a review of each employees usage each month. The drawbacks of creating a corporate credit card policy yourself are. The review of the card should be done by the employees immediate supervisor together with a member of the companys accounting department.

Seu uses pnc bank visa business debit card through pnc bank. When employees know the rules there will be fewer misunderstandings and youll reap the benefits of more efficient financial management. To keep your credit card program running smoothly its important to put guidelines in writing.