What Can You Put on a Business Credit Card?
Posted on 08/20/20 By Brittany K. King
Picture this: your boss sends you to a weekend-long business conference out of town. When you check into your hotel Friday evening, the desk clerk asks to put a credit card on file for incidentals. On Saturday morning, you fill your car's gas tank on the way to the event. At the end of the day, you invite a client and a few peers out for dinner and drinks. As you head home Sunday morning, you grab a coffee and sandwich for the road.
You spent a good chunk of change over the course of the weekend. But what expenses can you put on a business credit card?
A corporate credit card is intended for use by businesses, not for an individual's personal use. Employees are often granted use of a business credit card in lieu of filling out time-consuming expense reports. Employers hand out corporate credit cards for employees who routinely withdraw cash or need access to the company's credit line for major purchases.
However, there are disadvantages of business credit cards. When businesses fail to define best practices within a clear corporate credit card policy, they run the risk of employees abusing the card. In fact, plenty of employees have been fired for misuse of company credit cards.
Brittany K. King
Brittany is the content marketing specialist for Lorman. Her background is in content strategy and social media marketing. Brittany has worked in an array of industries, ranging from consumer packaged goods to insurance and (of course) continuing education services.
Brainstorming sessions can be extremely valuable. They are a great way to engage employees, get ideas you might not have otherwise considered, and help keep your team connected — especially when everyone is working remotely.