Do you have a Company issued credit card?

[tvguy]

Because we make about $120 in Credit Card Rewards a month on my husband's expense report charges - which we get in cash to our Fidelity Brokerage account to invest.

He's worked for the company for over a decade and they've never taken more than 2 weeks to reimburse us, so I'm not too worried about them sticking me with the bill.

That's reasonable. One of my previous employers "aged" all bills and expense reports 90 days. Bills sat for 30 days, at which time they were forwarded to Accounts payable. Accounts payable then processed them, and forwarded them to corporate, where they sat for 30 days and were then scheduled to be paid, 30 days later.
We always had issues with gas credit cards being declined, and suppliers demanding payment in advance. The corporate mindset was "this is how we do business, and if you want to do business with us, you have to accept these payment terms". Most put up with it because it would hurt them more to loose that business than to get paid 90 days late.

 

[nluvwithdisney]

Why anyone would want to put business charges on their personal card is beyond me. One late reimbursement and you're on the hook for the payment or YOUR credit may be impacted. I worked for a company that didn't consider a bill due until 90 days after they got it or the expense report. And they refused to pay you back for interest if you incurred any on your personal credit card. My current employer issues company credit cards, but our crews covering the Post season and World Series in San Francisco discovered parking was cash only, $100 a day. One guy was out $700. Corporate eliminated petty cash so he has to wait 4 weeks for a check.

I prefer it that way so I can rack up the miles. We have a big enough cushion to pay the bill in full. All I have to do is turn in the expense report in a timely manner and it is reimbursed on the next payroll. So I usually don't have to wait more than 3 weeks. Go to NY and Boston in the same week with flights, hotels, meals, and taxis can be a decent run on miles. Plus all the hotel rewards for frequent stays, it can pay off. And it didn't cost me anything.

 

[robsmom]

Yes, He sent me the link this morning to apply for the card, the bill would come to my house and I would have to file an expense report to get the money to pay the bill, or pay it and just be reimbursed when the expense payment comes.

I told him no thank you. that unless there was another way to take care of the expenses I would not be obtaining another credit card.

What did you boss say when you said no? curious.

 

[disneymagicgirl]

I'd prefer to put expense on my own card. I'm a saver so I have more than enough of a cushion to float the expenses while I wait for reimbursement. And then I earn points on the expenses

I got to do that for about two months before my card got issued- an 8 day trip went on my card. That's some good point earning right there!

Now the corporate card I have, we (employee) are still responsible for any interest accrued, but we don't make the payment. All I can do is hope my expense report gets processed in a timely manner. I find it incredibly stressful waiting to see if my company paid on time. There WAS an expense reporting hiccup this month, and I am going batty trying to figure out if my $11 charge is going to be paid on time (they only paid $480 instead of $491 due to the hiccup). I wish so much that I could just pay it and have them pay me back.

DH has been using his own card for business expenses for 8+ years. Like you, we rack up points and fly free. Wouldn't want it any other way!

I do our money, so there is a separate section in the software for work expenses. I put all his business charges in that section and when he gets expense checks biweekly, that income gets entered to those expenses. Easy enough. I don't mind floating the expenses to fly free!

 

[usd2bmd]

What did you boss say when you said no? curious.

He really didn't seem to have a problem with it. Although I am not sure he really would have told me if he did.

When super storm Sandy hit we sent people to Manhattan to help out. So everyone's hotel was put on their own Company card . Because they were in Manhattan the rooms were pricey and several times during the three weeks there one of my co-workers has problems because her hotel room went over the limit on her corporate card. The total ended up being somewhere in the neighborhood of $15,000.

That is something I really don't need. $15,000 available credit doesn't look good on your credit report.

 

[JanaDee]

I have a company card and I'm the authorized user and the bill goes to the company. It has my name on the bottom but below my name is the company name.

DH's is the same. We have nothing to do with the bills nor does anything go on our credit. They all go to the company and they pay them.

OP, you made the right decision by declining.

 

[letsgoreds]

He really didn't seem to have a problem with it. Although I am not sure he really would have told me if he did.

That is something I really don't need. $15,000 available credit doesn't look good on your credit report.

Huh? Actually, having more in available credit HELPS your credit score. One of the key factors used in calculating your score is your utilization rate, or amount used vs. amount available. The more you have available vs. used, the better your credit score. Having a high credit limit, and not using it, or using less than 20% of that would boost your score.

I would have loved to use personal credit card for business (earning miles, rewards, etc.)...but most larger businesses want that benefit for themselves ; )

 

[ellochka]

That is something I really don't need. $15,000 available credit doesn't look good on your credit report.

I used to have over $100K available credit, but now that Citi closed a couple of cards for non-use, I have $70K. It looks just fine to the credit bureaus.

 

[danygirl]

My company card is paid every 3 days automatically. I have to track every expense and provide every receipt I can be audited at any time. Billing address is my office and no impact on my credit