Corporate Credit Card - Basic Overview

The Corporate Credit Card was ascertained as an unconventional purchasing and expense mechanism to advance payment performance, simplify clerical processes, and provide more valuable currency management and in many cases better service delivery.

There is a two main components for Corporate Credit Card system:

1.Creditcards and credit proficiency supplied by designated credit supplier; and

2.Credit card organization software operated by Card Supervisors and the Corporate Card Controller for accounting purposes and control of credit card data.

Basic terms :

ATM - refers to Automatic Teller Machine.

PIN - refers to the Personal Identification Number supplied to new Cardholders by the credit provider. The PIN enables the Cardholder to access the credit card balance at an ATM.

Cardholder - refers to the employee associate whose name appears on the corporate credit card

Card Supervisor - refers to the employee associate assigned to a corporate credit card to perform the online accounting process, follow up as essential and filing of completed statement settlement.

Corporate Card Controller - refers to the employee associate in the Finance who manages the credit card system

Line Manager - refers to the employee associate with budgetary control over the cost centre allocated to a corporate credit card.

GST - refers to Goods and Services tax.

FBT - refers to Fringe Benefits Tax. Fringe Benefits Tax may be applicable to expenses paid by Corporate Credit Card. Cardholders are required to note on the reconciliation the number of staff and the number of non-staff attending any function regarded as entertainment.

Private Expense - The procure of hand-outs, food and related items in relation to non-business activities, such as party celebration and the like is a private expense which, if undertaken, should be covered by way of voluntary donations.

Kesari Tours

corporate card: benefits and uses

Now a days corporate credit card is used extensively in almost every organization, big companies and all multi national companies. So it is very essential for everyone who is related with corporate culture or going to be a part of corporate to familiar with this concept i.e. what is a corporate card? and Ideal nature of corporate card.

What is a corporate credit card ?

This is a card or category of credit card issued by the credit card company in the name of the individual union officer or employee and on which the union has guaranteed payment.

Why should use a corporate credit card?

Using a corporate credit card permits you to maintain business expenses take apart from personal expenses. For individuals who travel enormous deal, having a separate evidence for business expenses can be helpful for sustaining personal finances, as well as for submitting accurate and complete travel compensation requests following a trip. The Organization/Company card also identifies you as an Organization/Company employee to vendors offering discounts.

Does organization/company pay my credit card bill?

If you have a corporate credit card, then company or organization has no such kind of responsibility for paying your bill. Only you are responsible for paying your bill each month. If the bill is not paid, you are also responsible for late fees, interest rate charges, and any other charges related to your use of the credit card. Company will compensate you for any covered travel expenses incurred. In order to receive your compensation before your credit card bill is due, please submit your compensation requests promptly after returning from a tour.

Corporate Card

The American express Corporate Card merges the specific features and benefits of Purchasing, Travel and traditional cards into one controlling and flexible business tool. Maintained by the overall acceptance Amex business cards, Amex Corporate Card eliminates the need for multiple cards, managing various types of expenditures with the convenience of a single card.

Benefit

Large corporations whose employees stumble upon a variety of business expenses will find the Amex Corporate Card valuable in reformation purchases and expense management, as will employees of city and state government agencies, school districts and universities.

Terms and Condition for Amexextraa corporate cards

Terms and Conditions

• American Express® / Business ExtrAA® Corporate Card Rebate: Rebate is earned on base published flown airfare only (does not include taxes, discounts, surcharges and fees) and is sent quarterly to clients via electronic funds transfer or checks. Passengers must fly in order to earn rebate. To qualify, flights taken must be both marketed and operated by American Airlines, American Eagle® or American Connection® carriers (codeshare flights do not apply) and for which American Airlines appears as the merchant of record on the Cardmember billing statement. Clients are eligible to earn rebates only on the first $1,000,000 of such eligible flown revenue in a calendar year and purchased using the Card. Rebate will be 4% if company does not have an American Airlines negotiated discount program and does not book travel using a travel agency discount program. Rebate will be 1% if company has an American Airlines negotiated discount program or books travel using a travel agency discount program.

• All American Express® / Business ExtrAA® Corporate Card accounts are enrolled automatically in the American Airlines Business ExtrAA Program in accordance with the terms and conditions applicable for Business ExtrAA, which appear at Terms Conditions. Clients will receive points on all spend with the exception of cash advances, fees, American Express® Corporate Travelers Cheque encashments, and delinquency assessments.

• Savings at WorkSM: To receive the savings, all purchases made through the Savings at WorkSM program must be charged to an American Express® / Business ExtrAA® Corporate Card program. In order for clients to receive a rebate for a specific charge, the participating partner must be shown as the merchant of record on the American Express® / Business ExtrAA® Corporate Card statement issued during the offer period. Offers from Partners are subject to the Partners’ terms and conditions. A report of client spend will be provided to participating partners for the purposes of calculating and ubstantiating rebates. Clients can choose to opt out of the program and the provision of the rebates and benefits associated with the program by calling 877-207-1098. American Express reserves the right to amend, alter, or terminate the program, participation and offer in its sole discretion at any time without notice. American Express, the American Express logo and americanexpress.com are registered trademarks of American Express Corporation.

Program is subject to change. To receive rebates, Business ExtrAA® points and Savings at WorkSM benefits, charges must be made to a qualifying American Express® /Business ExtrAA® Corporate card account in good standing for the rebate qualification, accrual, and payment periods.

American Airlines may amend, alter, or terminate the Business ExtrAA® program in its sole discretion without notice.

American Express, the American Express logo and Savings at Work are registered marks of American Express Corporation.

Business ExtrAA, American Eagle and AmericanConnection are registered trademarks of American Airlines, Inc.

American Eagle® service is operated by American Eagle Airlines, Inc., or Executive Airlines, Inc., which are wholly owned by American Airlines' parent company. AmericanConnection® service is operated by Trans States Airlines, Inc., Chautauqua Airlines, Inc., or RegionsAir, Inc., which are independent contractors.

The American Express / Business ExtrAA Corporate Card

The American Express / Business ExtrAA corporate card has all the features and properties of traditional corporate card. But it gives three extra major facilities and services which make it different and unique from other corporate card providing companies. Theses facilities are:--

· Air fare rebates

· Free travel awards

· Savings on everyday business expenses

There are no charge and no requirements, just hard-dollar reductions to help progress your company’s base line. In most instances, the offers are combinable with pre-existing discounts.

Contact American Express today to find out how much you can save.

Call 1-877-AXP-0175 or visit americanexpress.com/BusinessExtrAA

The American Express / Business ExtrAA Corporate Card

Three ways to turn company

expenses into company savings.

Every American Express Corporate Card is a powerful tool for capturing expenses, controlling employee spending, and limiting liability. The American Express / Business ExtrAA Corporate Card program goes beyond that by providing your company with 3 unique ways to save:

1. Get a 4% cash rebate on American Airlines travel1

Your company will earn a 4% cash rebate on American Airlines travel purchased with the Card — from flexible last-minute tickets to highly discounted fares. If your company already benefits from an American Airlines negotiated discount, you will receive a 1% rebate.

2. Earn company-level award points on all Card spend2

For every dollar charged to the Card, your company will earn American Airlines Business ExtrAA® points. These points are redeemable for over 40 travel awards, including round-trip tickets, upgrades, and Admirals Club memberships.

Sample Saving

American Airlines Travel $100,000 $50,000 $10,000

Cash Rebate $4,000 $2,000 $400

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Annual Card Spend $1,000,000 $500,000 $100,000

Business ExtrAA Points 60,000 30,000 6,000

Point Value $9,000 $4,500 $900

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Total Savings $13,000 $6,500 $1,300

*Based on three points for every $20 in AA travel and one point for every $20 on all other charges.

† Point value based on 3,000 point Admirals Club redemption ($450 value). Round-trip tickets can be redeemed for 2,000 points.

3. Plus, receive cash rebates with leading suppliers3

The American Express Savings at WorkSM program provides automatic cash rebates on everyday business expenses with leading suppliers. For your company to earn a rebate, your employees simply need to use the Card with participating merchants.

There are no fees and no obligations, just hard-dollar savings to help improve your company’s bottom line. In most instances, the offers are combinable with pre-existing discounts.

Contact American Express today to find out how much you can save.

Call 1-877-AXP-0175 or visit americanexpress.com/BusinessExtrAA