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You charge late charges to the client? C1 - savage
Pretty sure corporate cards are tied to your SSN too so it fucks up your personal credit report too...
@C1 - yes it is lol
Not likely. I've been at 30, 60 and even 90 days past due a couple times. Once they start emailing your cc you'll feel the heat though.
If you cant manage your finances. You shouldn't be working for a big4
Read the T&C for any Amex corporate card and it clearly states that it is hour responsibility to pay the charges and Amex reports all activity to credit agencies
PwC1, if you default on an account entirely it is and you are correct. But in normal scenarios if you're late 30, 60, 90 days it's not reported to credit agencies. As long as the account is active your company absorbs credit activity. I know this intimately well.
A1, no. It isn't.
Its tough at times to get to submitting your expenses on time with a busy schedule.
It does lol you give your ssn and tuey do hard pull and you are liable for the payment
No
A1, yes we pay late charges (although I sometimes charge those to client) but we won't get fired for that and Amex doesn't report activity as long as the corporate account is open.
Guilty. (Of many things)
You expose yourself to being flagged to be audited by the firm, particularly being in the 60-90 day late range. it gets flagged by the firm and sometimes your practice leadership gets nasty grams as well. you don't want all of that attention. I have seen 2 people eventually leave the firm because of corporate card issues and their leadership going ape shit on them.
Corporate credit cards don't impact individual credit scores since the Firm is the one on the hook for the charges.
@EY3 and C1 1) did you not give your SSN when you applied for the card? 2) did you read the T&C for your card? 3) always your personal card if the project allows because you get the points and benefits rather than the company and its execs 4) you're fucking up your client billing if you don't expense within the required time period 5) when you fuck something up with your client, youre fucking up with your firm's execs too