Company credit card
Discussion
I'm leaving my current job and have a Natwest company credit card with my name printed on it. I'm quite sure it will still be in use after I leave. Would I be liable for any issue that could arise with the card after I move jobs and could it reflect on my credit score?
I know these are questions I should have thought of before saying yes to a company card.
I know these are questions I should have thought of before saying yes to a company card.
In this situation I would (a) Hand the card in to my manager and insist that he signs a written and dated confirmation that it's been handed in, and (b) Telephone the card provider, quote the card number and inform them that you are leaving and that you require written/email confirmation that they have stopped the card.
Cutting the card up would not stop, for example, you placing an order online using the card details that you'd written down before destroying it.
Handing a card over for another employee to use sounds exceedingly dodgy; surely the card is personally issued? My company credit card has my name printed on it and the statements are addressed to me personally.
Cutting the card up would not stop, for example, you placing an order online using the card details that you'd written down before destroying it.
Handing a card over for another employee to use sounds exceedingly dodgy; surely the card is personally issued? My company credit card has my name printed on it and the statements are addressed to me personally.
Edited by Jonny_ on Wednesday 5th March 21:23
Its a small company of four people, my manager is lacking in many respects and would think nothing of continuing to use the card. He asked me to return the card to him today which got me thinking.
I still have a month of employment remaining so I don't want to rock the boat. All bills are sent directly to the business address therefore liability is with the company?
I still have a month of employment remaining so I don't want to rock the boat. All bills are sent directly to the business address therefore liability is with the company?
My concern is that your manager might want to use your card to buy personal things for himself and blame you after you have left. If he insists that you give him the card now I would cut it up beforehand and 'lose' the cuttings that contain the three digit security No, the expiry date and a large part of the long number.
The only other thing I would add to cutting up the card..is to ensure any outstanding balances are cleared..ask for statements beforehand to confirm it's all clear and there's no outstanding / pending charges...and then cancel any DD setup to pay it.
Have had plenty of fun with Amex Corporate chasing me up after leaving once upon a time...completely my fault but still a pain..
Have had plenty of fun with Amex Corporate chasing me up after leaving once upon a time...completely my fault but still a pain..
AlfaSpider said:
I've never seen an invoice for the card they all go straight to the company. And the card doesn't show up on my credit history I'm fairly sure. If there's no liability on my part that's all I'm worried about.
It's like being a named driver on someone else's insurance; you can use it but the responsibilitly for the account/policy is with the company/policy holder.It's not always as simple as that.
One card scheme we had was supposed to make foreign travel easier. The cards were in the employee name and address and you were supposed to sign the credit agreement assigned to your home address.
Any flights would be paid automatically by the organisation they didn't appear on your bill. Any other charges you were personally responsible for and had to claim back through the normal expenses system.
Which idiot thought this would be more efficient I don't know but some of us refused to have them and continued using personal cards. The whole scheme unravelled when company cards started to be refused in genuine business situations because the cc couldn't see why anyone would be using the card in that retailer and users saw they still had all the hassle but with restricted flexibility on use and credit limits. Plus those of us using personal cards with benefits such as cash back / points and so on were benefitting .
So in essence what I am saying is that there are some crazy company card schemes out there where liability to pay the bill is strictly kept upon the individual user at his home address.
The OP clearly has an issue of trust with the employer and is right to restrict his exposure.
One card scheme we had was supposed to make foreign travel easier. The cards were in the employee name and address and you were supposed to sign the credit agreement assigned to your home address.
Any flights would be paid automatically by the organisation they didn't appear on your bill. Any other charges you were personally responsible for and had to claim back through the normal expenses system.
Which idiot thought this would be more efficient I don't know but some of us refused to have them and continued using personal cards. The whole scheme unravelled when company cards started to be refused in genuine business situations because the cc couldn't see why anyone would be using the card in that retailer and users saw they still had all the hassle but with restricted flexibility on use and credit limits. Plus those of us using personal cards with benefits such as cash back / points and so on were benefitting .
So in essence what I am saying is that there are some crazy company card schemes out there where liability to pay the bill is strictly kept upon the individual user at his home address.
The OP clearly has an issue of trust with the employer and is right to restrict his exposure.
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