<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by mileagerunner:
What's the point of having a corporate AMEX if you have to pay the bill yourself first?
(show of hands everyone, who has a corporate AMEX, not discover, visa or mc, but an AMEX, that does not get paid directly from your company?) Sounds more like a personal card at that point. Sure, if you have bad credit and/or are a foreign worker, you may not qualify for a personal CC and your company has to "sponsor" your credit card, but this is probably an extreme example.
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As someone responsible for the Corp Card program at our company let me clear up the AMEX issue:
1. AMEX has a T&E program and a CPC (Corporate Purchasing Card) program
2. T&E can by Individual or Corp Liability cards. Most companies choose Individual. Employess pay for travel expenses etc. Submit expense reports and pay their own bill. The advantage to the company is they get a rebate from AMEX each year on the total volume of charges while not being on the hook for the bill itself.
3. CPC cards are always corporate liability and are used to lower the cost of procurement for companies. These are not travel cards. Most companies use these to purchase everyhting from copier paper, office supplies to computers and software.
4. So when someone refers to their Corporate card they most likely have a T&E card.