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Started By
Message
re: Corporate Card 90-Day Payment Cycle
Posted on 1/3/19 at 12:11 pm to foshizzle
Posted on 1/3/19 at 12:11 pm to foshizzle
They pay. I only have to pay for non-reimbursables like upgrades etc during travel.
Their notification for this new year is they continue paying it, but with a 90 day delay. So it is very important for us to submit expense reports on time, they urge, so it won't go to to 120 which would affect our credit.
Am I explaining this good enough?
quote:
if the company always directly pays the card then it shouldn't impact you no matter how long it takes the company to get around to it. If that is the case though I'm surprised they'd even tell you what their policy is to start with.
Their notification for this new year is they continue paying it, but with a 90 day delay. So it is very important for us to submit expense reports on time, they urge, so it won't go to to 120 which would affect our credit.
Am I explaining this good enough?
2
Posted on 1/3/19 at 1:22 pm to deeprig9
quote:
Am I explaining this good enough?
One would think, but I've seen plenty of posts on here by people who completely misunderstood something important like this so I'm assuming very little.
Posted on 1/3/19 at 1:29 pm to deeprig9
quote:
Their notification for this new year is they continue paying it, but with a 90 day delay. So it is very important for us to submit expense reports on time, they urge, so it won't go to to 120 which would affect our credit.
Am I explaining this good enough?
I believe I understand what you are saying because we have the same setup. Card is through the company, but it has your name on it so it is technically "your card." You swipe it and submit expenses which they pay directly.
Personally, I think that's kind of a BS policy. 90 days is a long time to let expenses float out there. I can't answer if it will affect your credit, but I wouldn't be happy about that were my firm to try to do this. I would ask for an explanation for the move to this policy.
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