Anybody here have a Company Credit Card?

WoZZeR · 13 Mar 2009 at 19:01

I used to have a Yorkshire Bank CC when I worked for a small firm.

All I had to do was pop the receipts into the accountants inbox and he paid the bill.

Trouble free.

EDIT: I used to ask him for clearance if any major expenditure was required as fellow employees used to request parts etc knowing I had a company card.

Kell_ee001 · 13 Mar 2009 at 19:35

My company use Amex and I regularly deal with the Corperate Amex desks. Generally makes paying expense a lot easier, especially if you use an online system that filters the card data.

spaz · 13 Mar 2009 at 19:51

I used to have a corporate card with HSBC (VISA I think it was) and was the same system as you've got to use, fortunately the card statement was linked with our expenses system so it made things easier as the money then went straight to paying off the card rather than back to us then pay the card off.

JAzz · 13 Mar 2009 at 20:00

OllyM said:
That's their problem for not accepting Amex - the fees aren't THAT much more than Visa/Mastercard and if they want to restrict their business then that's their problem!

I wouldn't say there isn't a huge difference, 2.5 times more than Visa and Mastercard for some people. My uncle has a shop and was showing me how much he pays for Visa cards and then showed me a quote he had got from AMEX. Like unclelonghair says he was also saying they are slow to pay and generally a pain to deal with if there are any problems. Not worth the hassle and he hasn't lost a single sale by not accepting it either.

OllyM · 13 Mar 2009 at 20:15

Great, we pay 2.95% on AmEx transactions - on a £200 hotel bill that's a staggering £5.90 as opposed to £3 if you were on 1.5%. Hardly worth losing sleep about.

They pay pretty much as quickly as BMS do and have never been a pain in my experience.

At the end of the day it's a business owner's choice but refusing to accept it because they charge a bit more may come back to bite you.

Rotty · 13 Mar 2009 at 20:22

we have the same, Amex must be used where taken, when I use it it automatically generates an expense claim which credits back to the card

JAzz · 13 Mar 2009 at 20:32

OllyM said:
Great, we pay 2.95% on AmEx transactions - on a £200 hotel bill that's a staggering £5.90 as opposed to £3 if you were on 1.5%. Hardly worth losing sleep about.

They pay pretty much as quickly as BMS do and have never been a pain in my experience.

At the end of the day it's a business owner's choice but refusing to accept it because they charge a bit more may come back to bite you.

Well those charges add up over the year, especially if much of your turnover comes from Credit cards. What if you are doing £500,000 worth of transactions through credit cards? If you are essentially paying double then it will make a huge difference.

I've found many businesses don't accept AMEX, either they are all silly or it really doesn't make a difference. Many people carry more than one credit card anyway so if they can't pay on that they will use another card.

OllyM · 13 Mar 2009 at 20:38

Except you won't because the majority of people will still pay by Visa or Mastercard. Businesses that refuse to take AmEx for some morale crusade because of their big bad charges are daft.

wassap · 13 Mar 2009 at 20:39

OllyM said:
Great, we pay 2.95% on AmEx transactions - on a £200 hotel bill that's a staggering £5.90 as opposed to £3 if you were on 1.5%. Hardly worth losing sleep about.

They pay pretty much as quickly as BMS do and have never been a pain in my experience.

At the end of the day it's a business owner's choice but refusing to accept it because they charge a bit more may come back to bite you.

Every penny counts to smaller outfits, even larger outfits for that matter.

wassap · 13 Mar 2009 at 20:41

OllyM said:
Except you won't because the majority of people will still pay by Visa or Mastercard. Businesses that refuse to take AmEx for some morale crusade because of their big bad charges are daft.

They ALL must be daft

OllyM · 13 Mar 2009 at 20:44

wohoo said:
Every penny counts to smaller outfits, even larger outfits for that matter.

But you won't be able to stay there any more - so they'll lose more money that way

wassap · 13 Mar 2009 at 20:49

They'll still be full, I know if I try to book 3 or 4 days in advance, I can never get a room.

JAzz · 13 Mar 2009 at 23:44

OllyM said:
Except you won't because the majority of people will still pay by Visa or Mastercard. Businesses that refuse to take AmEx for some morale crusade because of their big bad charges are daft.

Yeah I'm sure you know more about running a business than they do

They must all be daft if they don't agree with you. Like I said most places I go to don't accept it and most seem to be doing ok. They can't all be wrong....

stoofa · 15 Mar 2009 at 10:47

I have a Corporate Barclaycard which I use for Internet purchases and expenses.
However the company pays the bill - I however need to submit my expenses on the card as soon as the statement arrives.
It's usually an hour job - I simply number each of my invoices/receipts to match the transaction number on the card and job done.
Our finance department aren't usually worried about the odd difference, but obviously large amounts of "missing cash" need to be explained.

I certainly wouldn't have accepted the use of a Corporate Card if I'd footed the bill and then had to physically claim the cash back.
Saying that I can understand why it could be done that way - means people are more careful about keeping receipts/invoices etc.