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> First, I was required to loan my employer $3000 for a month by paying for all the expenses (including the unavoidable very expensive hotel rate) on my person
by Sgt_Apone 8y ago
> First, I was required to loan my employer $3000 for a month by paying for all the expenses (including the unavoidable very expensive hotel rate) on my personal card.
This is the part that kills me. In my org people frequently travel at the last minute to Asia for weeks at a time. Those claims sometimes end up into the five figure range depending on the time of year. People have been almost stranded because they've maxed out their personal cards.
- Fiahil 8y agoCredit Cards, like American Express, allow you to bundle current expenses to the end of the next month. If you manage correctly, you can get reimbursed for your expenses about 10-20 days before Amex bill you for that period. So, if you end-up lending $3000 of your own money to your employer, you are doing it wrong.
- Declanomous 8y agoI think using an employer-provided card is superior for a lot of reasons, but spending 5 figures on a personal card and being reimbursed for it doesn't sound bad as someone with an extremely high credit limit and rewards cards that give 2-3% back on most purchases. I know some people who manage to fly first class to some pretty far-flung destinations using points they got from company spending on their personal credit cards. That being said it can be pretty risky if your accounting department loses a check
- ghaff 8y agoI use personal cards by choice but I absolutely understand someone who doesn't want to commingle thousands of dollars of company expenses with their own accounts. I would hope that most businesses offer the option of a corporate card to any employees who rack up significant reimbursable expenses.