Agree it's not unusual. When I flew corporate, we each had a credit card in our names. But we (the individuals) were the only ones to ever put a dime on those cards. Considering who Mr. Supreme works for, I am really shocked and disappointed. His employer used to be one of the most desirable to work for in the 135 world. Just sad, and who here can't feel for the guy? Hopefully some rat doesn't go behind his back here, but unfortunately his company seem to foster a culture of backstabbing.
Did you have a company credit card with your name on it and had you used your personal SS# and your personal credit history to apply for this card? Was your SS# and your personal credit info tied to this card? Were you then liable to pay the charges for the card?Is your personal credit dinged if your company does not pay the card on time? If the company goes out of business are you left with paying off it's debt for them?
This makes no sense. Why would any employee agree to such a thing and what kind of company would demand this of it's employees?
There is a big difference between having a company credit card that is tied to, applied by the company using their own credit and info and has your name on it, than one which you apply for with your name on it using all your personal data and SS#, there fore making you responsible for paying the bill. Would you have been liable if the company had not paid the monthly charges or paid them late? Would your personal credit been damaged? Were you made aware of this?
I have never heard of any Corporation doing what the OP is saying. Ever.
Company credit cards benefit the company, not you. They give them the benefit of having time to pay for various charges instead of having to send their employees out with wads of cash, it's a more efficient way to track monthly expenses, the company reaps the rewards,rebates, discounts and points that many credit entities offer with the cards and use them, there are insurance protections that go along with the purchases on the card, the company is building and maintaining good credit for themselves, the company can take advantage of certain purchases for equipment for instance which have a pay it off in a certain amount of time clause and no interest is charged, you can have a much lower interest rate when the cards are paid off every month, and more. None of this benefits the employee.
Further, did he sign any paperwork which stated that in using his ID and credit to obtain such a card that he was solely responsible to pay off the monthly charges, any annual fees and late fees associated with the credit card? Did you do this at the company which you worked for?
And did he not then cancel the card which the company re-opened and began using again without his knowledge and permission and then not paying the bills? Does he have/ did he get a copy of the contract between the company and the credit card entity? Does it show that there is a joint responsibility (the company or him) or a single liability (him) to pay the charges on the card? Are the charges on the card made by him or by others?
What is the advantage of making any employee liable to pay for business charges on a credit card? You would already have a signed agreement and guidelines with the employee stating what expenses the credit card is for, and what will happen if the card is used for anything outside of the items listed for business purposes and without the company's permission, spending limits and the repercussions if the company policy is not adhered to in regards to the use/abuse of said card.the company can also cancel the card at any time. They then have the legal means to pursue payment from you and can even fire you over this if this is laid out/documented in writing and agreed to and signed to by the employee ahead of time.
How successful can a company be if it cannot even pay it's credit card bills and expects the employee to pay them? wth?
