What is the real difference? If you use a debit card and your company goes
under, you are still out the money. At least with the credit card you can.pay
it off over time if you have to preserve cash. With the debit card your cash is
gone before you found out you are unemployed.
Get a credit card that gives you bonus points (like Skymiles) and charge ONLY to
credit. Sure... the business might go under, but is that really a possibility?
If you have bad charges on a credit card they are MUCH easier to dispute than
your checking account. If you are going to have money, act like you
know how to use it. Debt is NOT bad if used correctly. Paying off company
expenses on your own card can have nice bonuses. If its a fly by night company
I might want a company card, but take advantage of it while its here and earn a
vacation or something.
@ The Final Word: I'm assuming when you travel you get reimbursed for your
expenses? Does the company get all of your credit card rewards, airline miles,
and hotel rewards? Of course not, you do. Do you have unlimited minutes / texts
on your cell phone plan? Most likely. I would bet the vast majority of your use
on your cell phone is personal, not work...get over it. Also, if you are
willing to leave a good job over a 75 dollar a month cell phone plan, they are
probably not going to miss you terribly. Get over the entitlement, I am guessing
they pay you well. BTW, I am a recruiter in UT and would think it very
weird if a candidate made a career decision over a cell phone plan. You being
bugged at a cell phone cost is likely a symptom of a bigger problem.
"Never take personal responsibility for company expenses."I
enjoy occasionally listening to Dave...I agree with most of what he says.
Unfortunately, from what I have seen, being issued a company card is almost a
thing of the past...and in this economy no one is willing to put their job on
the line to fight this battle with their company.
Actually, Dave is correct with his statements. The debit card would
be used only for her traveling expenses and is not tied in with her and
her's husbands main checking account. You can still look up the
transactions and charges from the debit cart account like you would with any
checking or credit card account. But like Dave said, this is not the best idea.
Has Dave Ramsey taken a vacation and left a high-school intern to answer his
mail? If the employee uses a debit card, the money is gone from her personal
account immediately; it is impossible to dispute charges (unless the debit card
is stolen and she reports it immediately); and she is taking more direct
responsibility for the company's expenses! Some debit purchases require no
ID. Her company should issue a credit card for her authorized use so that
expenses are charged directly to the company. If the company won't do
that, she may have to choose to continue the current practice or get another
At least with using your credit card you havea policy and the premise of getting
reimbursed.I work for a fortune 500 company with over 70 thousand
employees and travel at least 6-10 days a month for work and have responsibility
for a portion of Operations in 14 States. Get this, they give me $0
reimbursement every month for using my cell phone for work purposes. Zero.This is all part of the new BYOD (bring your own device) trend in
healthcare they say. Nonetheless they expect me to have Corporate email on my
device and answer my cell phone for business Operations purposes. Needless to say I am now listening to the recruiters who have been calling.
With any luck this company won't have access to my expertise much
longer.10 years and never missed my numbers (100's of millions
in revenue during that span) yet they think they will be "saving" money
by not paying me $75/month for my cell phone. Wow.I believe the
saying is (slightly modified for my purposes)....penny wise and pound stupid.Most companies don't give employees much choice with expense
policies. Carry the debt or someone else will.