Positive balance on Credit Card ?

5 Posts

in Credit cards
Hi,
After a bit of advice on this one...
The company I work for are changing the way they service expenses (fuel, hotel stays, etc); At the moment I have a company credit card & I submit the receipts every month.....No problem.
Going forward, the company are going to provide us with a float which we will deduct our expenses from & then every month, we have to submit our receipts to get the float topped up again.
My concern is that some months, I may go over my float, so I was considering getting a personal credit card & putting the float onto it, giving me a bit of flexibility if I run out of float & effectively having a positive balance but I'm not sure if this is possible / permitted by the credit card provider ??
Thanks for reading,
Dave.
After a bit of advice on this one...
The company I work for are changing the way they service expenses (fuel, hotel stays, etc); At the moment I have a company credit card & I submit the receipts every month.....No problem.
Going forward, the company are going to provide us with a float which we will deduct our expenses from & then every month, we have to submit our receipts to get the float topped up again.
My concern is that some months, I may go over my float, so I was considering getting a personal credit card & putting the float onto it, giving me a bit of flexibility if I run out of float & effectively having a positive balance but I'm not sure if this is possible / permitted by the credit card provider ??
Thanks for reading,
Dave.
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Thanks,
Dave.
Presumably they are taking back the corporate credit card?
What has been the discussion about topping up the float? Is it just done monthly? Can you do it ad hoc once the float gets below £X
To be honest it sounds a terrible idea and a nightmare to deal with when someone resigns or is fired for the company to know what float is left and recover it.
Yes, I believe the money is being given to us personally as petty cash & they are taking back the corporate CC.
Generally, I believe that the company only want to process the claim once a month, but we have also being told that in the case of any large expenses, they will process them immediately, I think I am just going to have to monitor it very closely.
I completely agree that it is going to be a nightmare to manage!
A former employer was wanting to give me a card but something had gone wrong in the process and who could authorise it had been forgotten and the card issuer wouldnt tell them for DPA reasons. At one point my expenses were easily £10k a month but you knew that the money would be in the bank on the friday you after you submitted your expenses so comfortably in the 28 days of interest free after the statement is created.
Its one of the reasons I got so my airmiles as was getting points on all the purchases plus then the ones on the flights I took.