oboloo Glossary

Company Credit Card Policy

oboloo Glossary

Company Credit Card Policy

A company credit card policy is an important document that sets out the regulations, guidelines, and responsibilities related to the use of corporate credit cards. It outlines how corporate cards are to be used, who is authorized to use them, what types of expenses are allowed, and any restrictions or limitations for employees who hold a card. The policy also details what steps need to be taken in order to ensure account security and proper management of the accounts. By having a comprehensive, well-defined policy in place, companies can help reduce any potential misuse of corporate financial resources.