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Business Credit Card Policy

oboloo Glossary

Business Credit Card Policy

A Business Credit Card Policy is a set of rules and regulations around the use of company credit cards. It will specify who is eligible for a card, details on spending limits, what types of purchases are permitted, and how bills should be handled. The policy should also outline the consequences associated with non-compliance or misuse of the card. When employers draw up the policy, they can ensure that their employees remain accountable for their expenses and their organization’s financial health. With an effective Business Credit Card Policy in place, companies have better control over costs and cash flow.

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