Corporate Credit Card Offfers
Author: goofballz
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 10:36 am
Here's the scenario:
An executive at my company makes frequent travel to Japan where he finds it difficult to use his corporate AMEX because vendors in Japan don't take it. He has asked repeatedly about a getting a corporate Visa or MC which is more readily accepted there.
Here's the problem.... he has bad credit and doesn't want any more hits to his credit history. Ultimately, he'd like our company ($200M annual sales, established for 30 years) to be issued a card that he can use, rather than a card being issued to him personally through the company. (He just doesn't want his credit run.)
Are there any credit cards out there like this? As far as I know, an individual user of a corporate credit card has to accept responsibility in case the company goes BK, in which case, the credit of the individual user must be taken into account.
Can anybody offer any help on this??? Thanks...
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Author: Polonius
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 8:08 pm
A credit-worthy officer of the company can apply for a business card and then add the other person as an authorized user of the card. The person who applied for the card originally would then be liable for any payment problems.
It's quite common for a company to add users to its corporate cards, by the way.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: goofballz
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 10:53 pm
Thanks for the reply, but wouldn't the second "authorized" user of the card also be subject to credit history search as they would still need to offer up a personal guarantee of payment?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 11:23 pm
No--the person who applies for the card is responsible for the payment. If that person chooses to let someone else use the card, the banks don't care.
That's my understanding, anyway.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 10:36 am
Here's the scenario:
An executive at my company makes frequent travel to Japan where he finds it difficult to use his corporate AMEX because vendors in Japan don't take it. He has asked repeatedly about a getting a corporate Visa or MC which is more readily accepted there.
Here's the problem.... he has bad credit and doesn't want any more hits to his credit history. Ultimately, he'd like our company ($200M annual sales, established for 30 years) to be issued a card that he can use, rather than a card being issued to him personally through the company. (He just doesn't want his credit run.)
Are there any credit cards out there like this? As far as I know, an individual user of a corporate credit card has to accept responsibility in case the company goes BK, in which case, the credit of the individual user must be taken into account.
Can anybody offer any help on this??? Thanks...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 8:08 pm
A credit-worthy officer of the company can apply for a business card and then add the other person as an authorized user of the card. The person who applied for the card originally would then be liable for any payment problems.
It's quite common for a company to add users to its corporate cards, by the way.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: goofballz
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 10:53 pm
Thanks for the reply, but wouldn't the second "authorized" user of the card also be subject to credit history search as they would still need to offer up a personal guarantee of payment?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Title: Corporate Credit Card Offfers
Posted: Thu Jun 24, 2004 11:23 pm
No--the person who applies for the card is responsible for the payment. If that person chooses to let someone else use the card, the banks don't care.
That's my understanding, anyway.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 5:04 PM
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