It is not clear whether when the use of credit cards started; however, today, the usage of corporate credit cards is rapidly increasing. Many businesses and companies are now applying to have their own corporate credit card accounts. More and more companies are applying for a corporate credit card due to the fact that it can be very helpful because it allows the company to make debts.
A business that plans to apply for a corporate credit card may also provide individual cards to their employees. Most employees think that their credit cards are just like money, they tend to buy stuffs and pay off their personal debts.
But, this mentality may bring great danger to the company. Continuous usage of corporate credit cards for personal reasons may tend to let the company end up paying many debts. Plus, if great debts will be deducted to the employees’ salary, what will they receive during payday? Over use of corporate credit cards by the employees can also pose great danger to the employee’s salary.
For this reason, employers must put rules, protocols or policies regarding the employees’ usage of their corporate credit cards. A corporate...
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