Question on company expenses

sbi5ar · 31 Aug 2012 at 21:21

regulus said:
Think I'm clearly missing something here about credit cards. So if I pay clear the card BEFORE the statement is generated, I pay no interest?

Never had one so that's why I'm so clueless.

As soon as you get your credit card, set up a DD to pay it off in full each month, that way no interest will be incurred

Showboat · 31 Aug 2012 at 22:40

Make sure you get a credit card with some sort of cash back or airmiles.

Terrier_Jimlad · 31 Aug 2012 at 22:44

Stop ordering filth and raiding the mini bar, your expenses will soon decrease

londonbairn · 31 Aug 2012 at 22:58

Youre best getting an amex rewards card anyway. I rack up loads of points thanks to expenses

Energize · 1 Sep 2012 at 00:33

You need a cashback credit card, 1-1.5% on £5k is up to £75 a month in free money!

regulus · 1 Sep 2012 at 11:02

estebanrey said:
Worst I've got a very high paying job thread ever.

You have £5k a month to spare to spend on working, man you don't live in the real world.

Yes, my income is FAR below 5k, I'm super rich! Lord, some people ...

How do I have that much to spend a month? I'm digging into savings to pay for expenses. My every day account rarely top a grand. Relax, I'm as poor as the next person. I promise.

Sone · 1 Sep 2012 at 11:24

I earn sweet fa compared to most and get a company credit card (Nat West commercial visa)

Usual bill 400-3000 a month (if staying away i normally have to foot whole hotel bill as installation guys don't have cards)

If spending that much i would demand one

EDIT, my mother is an admin assistant at local council and even she has a company card, some crap like 400pcm limit though

Vanilla · 1 Sep 2012 at 12:52

My company used to give us a corporate amex card but no one ever used it.

Get your own credit card with a decent air miles or cash back scheme and pay it off every month. Simples.

My expenses used to be about 2k a month (mostly entertainment) but can be 10-20k if abroad with customers. I did really well out of air miles and such.

bam0 · 1 Sep 2012 at 16:34

grumpysculler said:
At that level I'd expect a company credit card.

We aren't allowed to use personal cards for company expenses (except in unusual circumstances or when Amex isn't accepted - i.e. a lot). Aside from anything else, there was a big fuss about VAT reclaiming if we used personal cards a few years back. I didn't see the issue, but Finance were adamant there was one.

I have a corporate Amex, yet my expenses are a couple of hundred a year.

If you are liable for any debt on the card personally, ie if it doesn't get paid they're coming after you then your employer can't require you to have or use the card.