To apply for an American Express Corporate Credit Card complete the two-page application and return to the address listed on the second page.
Responsibilities and Policies
The following responsibilities and policies are associated with the University of Illinois Corporate Credit Card:
• The Corporate Credit Card is intended for valid University business travel expenses only (for example, business related air travel, car rental, hotel charges, meals). Cardholder activity is monitored through reports received from American Express.
• A $500 retail limit (per billing cycle) has been placed on the Corporate Credit Cards. Travel related merchants (airlines, hotels, car rentals, etc) are not subject to the retail limit. The Corporate Credit card should not be used for purchasing goods & services. The University of Illinois P-Card is intended for these types of purchases. For information on the P-Card go to http://www.obfs.uillinois.edu/manual/central_p/sec7-6.html. The Corporate Card should not be utilized for personal (non-University related) transactions.
• The Corporate Credit Card is approved by American Express based upon the employee’s personal credit qualifications, and consequently, the Card is issued with the employee’s individual liability.
• It is the employee’s responsibility to pay all American Express monthly statements according to the stated terms.
• In the event of delinquency greater than 15 days after the due date, American Express will suspend use of the Corporate Credit Card.
• Termination of employment (including retirement) will result in cancellation of the Corporate Credit Card.
Section 15.8 of the Business and Financial Policies and Procedures manual governs the use of the University of Illinois Corporate Credit Card. http://www.obfs.uillinois.edu/manual/central_p/sec15-8.html
How many times per year do you travel on University business:
Is your position classified as temporary or visiting (yes or no)? If yes, termination date:
I have reviewed and understand the responsibilities and policies associated with receiving an American Express Corporate Credit Card. By signing below, I submit my application for a Corporate Credit Card and, if issued, accept the Corporate Credit Card according to these terms.
Employee Signature Department
Title Date
I confirm this individual will use the Corporate Credit Card for University related travel expenditures.
Departmental Approval Signature Title Date
Print - Departmental Approval Name Phone Number
Corporate Credit Card Information
Name as it should appear on the card (limit of 20 characters):
First Middle Last
Social Security Number: ______-______-______ Employee Identification Number (UIN)
Business Phone Number: - - Home Phone Number: - -
Billing Address:
Street Address (limit of 20 characters)
City State Zip
Home Address (Required - If different than billing address):
Street Address
City State Zip
Should you have any questions or concerns, please contact Stephen Wiggs at 217-244-4684 or swiggs@uillinois.edu .
Forward completed application to: Stephen Wiggs
OBFS-Corporate Card Office
271 Henry Admin Bldg (M/C-341)
506 S Wright St
Urbana, IL 61801
Rev – June 2005
Tuesday, August 14, 2007
Monday, August 13, 2007
Prepaid Credit Cards Not Always a Good Choice
By: Paul McDermott
Imagine my frustration - I had found an old Beatles CD I had been looking for in an online auction site but my prepaid gift card was being refused as payment. I knew I had exactly enough money left on the prepaid debit style card for the LP and shipping because I had just checked my balance - what could be the problem? To be sure, I dialed the 800 number on the back of the prepaid gift card again and punched in the card numbers. The automated voice told me that my prepaid balance was now $2.00 less than it had been just minutes before, and I had not even used the card!
I opened a new window in my browser and went to the website of the prepaid credit card distributor. Following the prompts to enter my account number, I was shocked to see the reason for my shortage of funds. When my transaction didn't go through on the auction site I had been charged $1.00 by the prepaid gift card company for the failed purchase. And the reason the purchase had failed was because I had used the 800 telephone number to check my balance - and that had cost me $1.00 also. Sadly, my sought after Beatles disc was going to another home. If only had I read the fine print in the three page booklet that came with my card...
Such are the pitfalls of prepaid gift and credit cards and so-called "reloadable" prepaid cards that allow repeated deposits into its account. The popular gift cards have been a big hit with consumers for their convenience. They've also been a big hit for retailers and the credit card industry but for two very different reasons: non-redemption rates and fees. Various research puts the non-redemption rates (the dollar value of cards which is never spent) of prepaid gift and debit cards between 6% and 25%; even the lower figure would have to be called a boon for card distributors when you consider that according to the National Retail Federation (NRF) Gift Card Survey, consumers spent a whopping $24.81 billion dollars on gifts cards in 2006. Many states are enacting laws aimed at recouping this unspent money under the unclaimed property umbrella most state treasuries use today to hold anything of value an owner has not stepped forward to show possession of.
Are any of these cards worth it? First, make sure you read the details on the fees and charges. Gift cards from restaurants, retailers and hotels usually have no intial charge, and often no fees at all. And you can use the balance of a card on a purchase and pay the rest with some other form of payment, so you never have to leave a balance on your card. If you get a prepaid credit card from one of the credit card companies, expect to pay a processing fee right up front.
Fees can then be charged for simply using the card to buy something, to check your balance, for refused transactions (like me), for registering the card with a name and address so it can be used online, expensive monthly and/or annual maintenance fees, the list goes on.
If you do have a prepaid credit card that has lots of these fees, what are you going to do? You cannot use the remaining balance on your card if it is less than what you owe. You could pay another fee. But don't call to get your balance either. You could be charged again! Try one of the retailer prepaid cards to avoid these unreasonable fees.
It may not have occurred to you, but the local branch of your home town bank often has the best deals on pre-paid credit/debit cards, so be sure to check there when buying a card if you don't want to be limited to a single store or restaurant. Remember, all prepaid gift and debit card distributors are required by law to make plain what the fees and expenses are for any card they sell. Take the time to research them before your purchase and you can save a bundle. I never did get my Beatles CD, but I did wise up and empty the prepaid debit gift card on a barely used copy of "Joshua Tree" by U2 that I've really come to enjoy.
Article Source: http://www.superfeature.com
Paul McDermott reveals more of his hard earned lessons on free prepaid prepaid visa credit card and finances over at Get Out of Debt Tips .
Don't reprint the same version as everyone else. Get your own unique content prepaid credit cards article here.
Imagine my frustration - I had found an old Beatles CD I had been looking for in an online auction site but my prepaid gift card was being refused as payment. I knew I had exactly enough money left on the prepaid debit style card for the LP and shipping because I had just checked my balance - what could be the problem? To be sure, I dialed the 800 number on the back of the prepaid gift card again and punched in the card numbers. The automated voice told me that my prepaid balance was now $2.00 less than it had been just minutes before, and I had not even used the card!
I opened a new window in my browser and went to the website of the prepaid credit card distributor. Following the prompts to enter my account number, I was shocked to see the reason for my shortage of funds. When my transaction didn't go through on the auction site I had been charged $1.00 by the prepaid gift card company for the failed purchase. And the reason the purchase had failed was because I had used the 800 telephone number to check my balance - and that had cost me $1.00 also. Sadly, my sought after Beatles disc was going to another home. If only had I read the fine print in the three page booklet that came with my card...
Such are the pitfalls of prepaid gift and credit cards and so-called "reloadable" prepaid cards that allow repeated deposits into its account. The popular gift cards have been a big hit with consumers for their convenience. They've also been a big hit for retailers and the credit card industry but for two very different reasons: non-redemption rates and fees. Various research puts the non-redemption rates (the dollar value of cards which is never spent) of prepaid gift and debit cards between 6% and 25%; even the lower figure would have to be called a boon for card distributors when you consider that according to the National Retail Federation (NRF) Gift Card Survey, consumers spent a whopping $24.81 billion dollars on gifts cards in 2006. Many states are enacting laws aimed at recouping this unspent money under the unclaimed property umbrella most state treasuries use today to hold anything of value an owner has not stepped forward to show possession of.
Are any of these cards worth it? First, make sure you read the details on the fees and charges. Gift cards from restaurants, retailers and hotels usually have no intial charge, and often no fees at all. And you can use the balance of a card on a purchase and pay the rest with some other form of payment, so you never have to leave a balance on your card. If you get a prepaid credit card from one of the credit card companies, expect to pay a processing fee right up front.
Fees can then be charged for simply using the card to buy something, to check your balance, for refused transactions (like me), for registering the card with a name and address so it can be used online, expensive monthly and/or annual maintenance fees, the list goes on.
If you do have a prepaid credit card that has lots of these fees, what are you going to do? You cannot use the remaining balance on your card if it is less than what you owe. You could pay another fee. But don't call to get your balance either. You could be charged again! Try one of the retailer prepaid cards to avoid these unreasonable fees.
It may not have occurred to you, but the local branch of your home town bank often has the best deals on pre-paid credit/debit cards, so be sure to check there when buying a card if you don't want to be limited to a single store or restaurant. Remember, all prepaid gift and debit card distributors are required by law to make plain what the fees and expenses are for any card they sell. Take the time to research them before your purchase and you can save a bundle. I never did get my Beatles CD, but I did wise up and empty the prepaid debit gift card on a barely used copy of "Joshua Tree" by U2 that I've really come to enjoy.
Article Source: http://www.superfeature.com
Paul McDermott reveals more of his hard earned lessons on free prepaid prepaid visa credit card and finances over at Get Out of Debt Tips .
Don't reprint the same version as everyone else. Get your own unique content prepaid credit cards article here.
Subscribe to:
Posts (Atom)