What is a credit card policy?
A credit card policy is part of a company’s accounting policies. It clarifies the terms of use of a company card issued in employees’ names. These policies also aim to protect the company from inappropriate use and to make sure the repercussions are clear.
How to write a company credit card policy
Before you start crafting your corporate credit card policy and procedures, be sure to know what credit cards you want to use, the requirements of your credit card provider and your own company’s needs. Once you have all the necessary information, start outlining the most important factors. Most company credit card policies for employees include these points:
- Which employees are eligible to hold a company card
- What the responsibilities of the cardholders are
- The limits and limitations of credit cards
- The process for submitting expenses
- Consequences for inappropriate use
Disclaimer: This policy is a sample and it's meant to provide general guidelines. It should be used for reference only and it doesn’t take into account all national, federal or local laws. Also, this sample isn’t a legal document. Neither the author nor Workable will assume any legal liability that may arise from the use of this policy. Always consult an attorney or your legal counsel before finalizing your policies.
