What are the Spending Limits/ Restrictions for the Corporate Purchasing Card?
The following types of limits/ restrictions can be made on individual cards: Limits • Transaction Limit: Maximum sterling amount for each individual transaction. • Monthly Limit: Maximum sterling amount per billing cycle for an individual Cardmember. • Budgetary Limit: Maximum spending limit per billing cycle for a group of Cardmembers, such as a department, or for the entire corporate account. Restrictions • Industry Restrictions: Merchants in the following Industries can be restricted: • Travel • Hotel • Car Rental • Restaurant • Oil and gas • Retail Restrictions can be made on one, all, or any combination 3.
Related Questions
- If my volume of spending exceeds my current Purchasing Card transaction or monthly limits, can the limits be increased?
- Can a Corporate Purchasing Card be used at a supplier that is not listed as a Corporate Purchasing Card Supplier?
- For what types of purchases should the Corporate Purchasing Card be used?
