Corporate credit cards are mostly given to every mid level manager so they might charge any company related expenditures. By using one card it is much easier for head office to be able to keep the record of what each person is spending as well as watch if any person is buying something they shouldn't be.
While we are in an economic downturn many companies have began to take much greater control of their executives spending habits. By cutting back on nights out with patrons which are paid for on corporate credit cards the company might save money and improve profitability.
Big banks as well as wall street were two of the worst offenders in the many abuses of company credit cards and as soon as the newspapers as well as news TV channels took the first step of broadcasting stories of nights out at grownup only clubs it was certain that Corporate credit cards would be reined in.
Not everyone who has a card provided to them abuses it of course, most people use it to purchase a good usual lunch for their business clients and fill the company car up with gas. But with enough horror stories to go round there are certain to be some worried people in any finance department.
If you use a credit card that is given by the company then ensure that you always keep accurate records and if you do inadvertently use it for a personal purchase ensure to let your boss know in advance of them receiving the monthly statement. They will comprehend a mix up a lot more if you notify them concerning it rather than them discovering it themselves.
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