23 February, 2012

Credit cards

An interesting situation arose at work this week – we were issued with a new departmental credit card. Not that stunning in itself, but the interesting thing is that this credit card has a per transaction limit of £500.

Problem: many of the things that we buy for work purposes, traditionally using the departmental credit card, cost more than £500.

So, we sought advice from our senior management team on what to do in those situations where we were required to buy something for the business that cost more than £500.

Answer: use your personal credit card and claim the cost back on expenses.

So you expect us menial and poorly-paid employees to use our personal credit limits to buy business goods and then wait a month to receive the money back in expenses?

I don’t think so.

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