If you are responsible for authorizing and approving credit card invoices, please do so on time to avoid late fees. If you are systematically responsible for late charges, we may have to deduct them from your salary. 7. Cardholders are responsible for reconciling their monthly statement and correcting any discrepancies by first going to the supplier, then the bank and finally the business office. Do you want to write a credit card policy for your business? Here are some tips for getting it right, as well as a model and an example of a fully customizable corporate credit card policy. Our company can provide credit cards to employees that can be used for business expenses. These cards allow us to track and process our expenses, prevent fraud and make payments more efficiently. We want to ensure that employees who have corporate credit cards use them properly and know their limitations and responsibilities. To get a head start, use our credit card policy model to define your policies. To fine-tune the policy to your own specifications, read this manual. While your credit card policy may seem clear, it`s best to have your company`s lawyer check it before using it. Some states may have different requirements for this type of policy – for example, some states should not allow you to deduct future wages in an amount that takes a worker`s salary below the minimum wage.
Some states may have only different requirements for signature blocks. In both cases, since this policy is designed to protect your business, you want to make sure that it complies with your state`s laws before using it. Your participation in the Visa Corporate Credit Card (`card`) is a convenience that is responsible. Although the card is issued in your name, it must be considered a property of the big island (hereafter 😀 istrict`) and be used as part of a prudent “professional judgment.” Your signature below confirms that you understand the card`s policies, that you agree to comply with them, that you are bound by the terms and conditions below as well as by council policies, administrative procedures and business office procedures regarding the use of the card.