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I miss my corporate card...

Discussion in 'The Breakroom' started by grayman, Dec 12, 2011.

  1. grayman

    grayman Loaded Pockets

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    So earlier in the year, the company decided to cancel all corporate credit cards, and reissue new ones as part of a new program. Well, in the middle of a busy project with a lot of travel, our credit cards were cancelled. I should say charge cards as that is what they were. I kept waiting for my new card, and then I'm finally told we weren't getting them back. They cost money you know. The cards provided for a small amount of incidentals and unlimited travel expenses.

    So here I am, traveling on my own dime and waiting for reimbursement. I tried buying some Xmas gifts online, only to find out, I don't have enough room on my credit card for my own needs.

    I can't believe this has happened. I could probably get a travel advance, but that would require knowing how much money you need and have enough time to wait on a check from the corporate office.

    Any body else ever have this experience?
     
  2. nbmaine2007

    nbmaine2007 Loaded Pockets

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    Can you get another personal card or an increase on your credit limit? I think that paying yourself and submitting request for reimbursement is more and more common.
     
  3. mikey

    mikey Banned

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    Yes, I have. I had companies cards for quite awhile but after awhile and a new accountant, they decided to cancel them and went with the same route as you. I could spend my own money then turn in receipts or get cash advance. I too wonder how I would know exactly what I needed and I decided I wouldnt so I just estimated it high. If I figured it out to be around $200, I would get $300. I would much rather turn it what I didnt spend then run out and have to spend my own. That is also why I didnt choose to spend miny first, then turn in the receipt route. Some of my trips would and have costed around $700-800 or so. Granted it isnt alot of money but I guess if the company wants me to go on a trip, then it should be on their dime and not mine!

    Hope this helps!
     
  4. Kripto

    Kripto Evil Sid

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    A lot of people are in this boat. My credit is shot (I wasn't the best with money while I was in college :( ) So I'm all cash these days. My co-workers all use cards with miles for work expenses, this way they eventually get something out of it. :)
     
  5. mikey

    mikey Banned

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    Yeah, I forgot about this concept. There was one guy that worked with us that didnt have money to put up in advance and at the time the company only operated in the manner of you pay first, then we reimburse so he didnt get to go on many trips unless it was just after paydays!

    Not alot of people can fork it out first and wait for weeks or however long to get in back.
     
  6. vegassprky
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    vegassprky Loaded Circuits

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    It's a bunch of crap that you should have to spend your own money for a business trip that benefits the company! Like mikey said estimate high and return what wasn't needed, take the cash up front! Spend theirs not yours!!!!! JMHO
     
  7. CatherineM
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    CatherineM Loaded Pockets

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    It can make things pretty close for a month or two waiting on reimbursements for travel. In my case it isn't an employer, so I can't really complain to anyone. When you do airfare and hotel and expensive restaurants, it can really add up quick. I guess a lot of businesses are doing this now though.
     
  8. Synaptic Misfire
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    Synaptic Misfire Loaded Pockets

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    Every company I have traveled for has done the reimbursement thing. They were pretty quick about getting the checks cut but it was not unusual to have $9 to $12 thousand worth of expenses on my credit card at any one time. Of course those were the days before they implemented per diem and we enjoyed some lax rules on expenditures. At the time my credit was bunk and I had to convince my sister to put me on her credit card and the agreement was she kept the miles on the card, she did not pay for a flight for almost two years.
     
  9. xbanker
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    xbanker Geriatric Admin
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    I traveled extensively in the early- to mid-80s for a bank HQ'd in California under an expense-reimbursement system. Typical month's expenses $5K.

    I've never been a fan of mixing business and personal expenditures, so got a new Visa card (through my employer of course) with a limit 2X typical month's expenses to give me a margin for an abnormal month. Used solely for business-related expenses. Having the dedicated, separate account made recordkeeping and tracking infinitely easier. They reimbursed promptly, so finance charges on the card were never an issue.
     
  10. gstojinovic

    gstojinovic Loaded Pockets

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    Company card?!? What's that... Man are we (in Serbia) behind... Here you do your traveling with own money, then take reciepts to company and they refund money (sometimes they don't)... Some companies don't give you even company car, but you use own car for bussiness... Most of them say that you have to earn your car, or call it "the extra step one is willing to make for his/her future". Mostly local companies do that, but even some foreign investing companies when they see the market behaviour they just copy/paste.

    They hire you, and then they expect you to put your own money in bussiness, and all of them is hiding behind "you know, that's now OUR company and bussiness, and you are a part of family..." , yeah right!

    All that keeping in mind that average sallary in sales/trade/marketing bussiness is some 400 - 500$ per month neto.
     
  11. braswes

    braswes Loaded Pockets

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    Of course, the company I work for has gone the opposite route. We have company credit cards that we MUST use for all business and business related travel expenses. We are forbidden to use personal cards for work (there go my free miles). The good part is that the charges automatically get entered into our expense reporting system, so while it used to take an hour to fill out an expense report for a trip, now it takes 2 minutes.
     
  12. aedmband21

    aedmband21 Loaded Pockets

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    Open up a new ccard with the best point system you can find. You'll cash in on the points, build your credit limit up, and be able to keep things organized easier.
     
  13. chaosmagnet
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    chaosmagnet Loaded Pockets

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    All of my employers have had us submit receipts for travel expense reimbursement. One former employer ripped me off and I had to get legal with them.

    My current employer has us turn in receipts for the previous month on or around the first, and we get our reimbursement check two to three weeks later. In other words, I get paid back before my credit card bill comes in.

    In the OP's shoes, or anyone's shoes whose credit was tight or nonexistent, I think I would be refusing to travel without a company credit card or a travel expense advance.
     
  14. echo63

    echo63 Loaded Pockets

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    At work we don't get company credit cards

    We used to get a travel advance, but now the company expects us to travel on our own money, and then claim it back when we get back.

    I have refused to travel due to lack of funds before - I'm pretty sure it won't be the last time either
     
  15. Kilted1

    Kilted1 Loaded Pockets

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    A few years ago I did a string of traveling. Since it wasn't in my primary duties, I had no company card so I paid for the hotels and got reimbursed. That got old real quick and I was able to get the travel department to pay for the hotel they were already insisting on reserving for me. Since I was driving a company vehicle, that just left food which was pretty easy to manage.
     
  16. vegassprky
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    vegassprky Loaded Circuits

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    and you are a part of family..." , yeah right!


    You're part of the "family" right up till they lay you off, bye bye!!!! Thats what the casinos tell their employees here in Las Vegas too, "family" my............
     
  17. jag-engr
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    jag-engr Semper Bufo!
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    Unfortunately, the OP may well be stuck in this situation because someone in his company was abusing the system. The company may not get enough details from credit card statements and may need to see the receipts to make sure the expenses are legitimate.

    At my last job, I found myself in a situation where I was managing personnel (which was not part of my job description, but was interfering with the other aspects of my job). At any rate, a gas card was kept in the company truck for fuel purchases. Some of the personnel kept "loosing" the receipts. I don't know if they were putting gas in their own vehicles or if they were buying other stuff on the card, but the mileage and gas consumed weren't matching up.

    The best solution has already been mentioned:
    Just keep yourself disciplined to use this only for company expenses and to make sure you pay it off on-time every month.
     
  18. mikey

    mikey Banned

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    As far as the lost receipts go, the companies that I worked at the reimbursement all stated, if you loose a receipt, you dont get reimbursed for it....kinda solved that issue that you mentioned fairly quick. Of course, there was one or two that would loose a receipt from time to time but knew what would happen and moved on.
     
  19. CatherineM
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    CatherineM Loaded Pockets

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    We pay for Christmas with the points we get on our travel.
     
  20. jwhite75

    jwhite75 Loaded Pockets

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    Try working for government making shatty wages and having to pay out of pocket and wait for the bureaucracy to approve payment. Done it my whole career.