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Things to Consider Before Using a Corporate Credit Card

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    Personal Use

    • Some companies allow their employees to use company credit accounts for personal use. But before you start buying things for yourself or your family, you will want to stop and consider the conditions under which you can use your company credit card for personal purchases. You do not want to use your card on any suspect Internet sites, especially those that deal with adult material.

      If you have a limit that you are allowed to spend on your company card then do not exceed that limit. Even though your company may allow personal purchases on company cards, it may not be looked upon positively. Limit your use of your company card for personal reasons to lower the possibility that it may get you in trouble.

    Your Benefit

    • If your company credit card is issued to you but under the company name, then there is a good chance that you are not benefiting from the use of your card as you would if it were your personal card. Discuss how the perks and benefits of using your corporate card are distributed, and if you are not entitled to receive those benefits then discuss the possibility of getting reimbursed on an expense report rather than using the company card. If you can rack up frequent flier miles by using your personal card and then get reimbursed through an expense report from the company, then it may be a better idea for you to front the money yourself and reap the benefits.

    Security

    • Avoid using your corporate credit card in a situation where it increases the likelihood that the account information could get stolen. Do not use it on websites you are unfamiliar with or websites that are not secure, and do not use it at vendor locations that do not offer a paper receipt of the transaction. If you get the statement for your corporate card, then take the time to go through the statement and make sure there are no unauthorized transactions on your card. If you see something that does not belong on your statement, report it to you accounting department immediately.

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