Corporate Credit Card Abuse Raises Questions in Wisconsin

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
Corporate Credit Card Abuse Raises Questions in Wisconsin

Controversy in a Wisconsin school district has reignited a debate over the ethical use of employer-provided credit cards. In Wausau, school officials discovered over $1,300 in unauthorized charges made on a card issued to a high school athletic director. Because the credit card was issued on an account tied to vending machine sales, charges to the card did not pass through the same approval process as official district purchases. The athletic director resigned from his position and has agreed to pay the unauthorized charges.

In the wake of stricter accounting guidelines at most companies, inappropriate use of a corporate credit card can have sever consequences. Many employers have adopted policies of partnering with credit card issuers to set up accounts in employees' own names. Although these cards may also be embossed with the name of a sponsoring organization, lenders can hold employees directly liable for unapproved charges. By following company guidelines, corporate credit card holders can avoid damage to their credit reports as well as to their careers.

0 Responses to "Corporate Credit Card Abuse Raises Questions in Wisconsin"

No Comments

Leave a Comment
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here


Featured Partner Cards