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#2228665 - 01/09/20 07:08 PM Bank credit cards
Kristi Offline
Joined: Feb 2005
Posts: 88
Our policy for bank credit cards that are issued to certain employees or departments is to pay the full balance every month. Every month there are a couple that don't pay it on time so it causes a late few and interest on the card. Can we waive the interest and late fees since we would be getting the income anyway?

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Operations Compliance
#2228691 - 01/09/20 09:41 PM Re: Bank credit cards Kristi
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 79,912
Galveston, TX
If they are your own cards then just set them to zero and zero.

In my day - a late payment equated to loss of card - no exceptions.
The opinions expressed here should not be construed to be those of my employer:

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#2228749 - 01/10/20 04:52 PM Re: Bank credit cards Kristi
P*Q Offline

Power Poster
Joined: May 2001
Posts: 8,458
Why is the process not centralized? In my shop, Finance are the program admins, pay the CC bills and we that have them are responsible to sending the bills with receipts timely.

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