Comments on: How does a company obtain credit cards based on it’s credit without having to have a guarantor from a person? http://insurance-loans-mortgages.com/1420/company-obtain-credit-cards-based-credit-guarantor-person/ Money questions and answers! Thu, 09 Feb 2012 06:35:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: CJ http://insurance-loans-mortgages.com/1420/company-obtain-credit-cards-based-credit-guarantor-person/comment-page-1/#comment-1867 CJ Sat, 30 Jan 2010 09:52:33 +0000 http://insurance-loans-mortgages.com/?p=1420#comment-1867 I worked for years for IBM. I had a company card. Initially, there was no personal guarantee, then they changed the policy. It had to do with corporate accounting too. If a person has a company card, it can be abused and you can be fired. Personal guarantees changed that. IBM could choose whether or not the expense was properly documented and the expense was a necessary business expense. I had to pay the bill and expensing was back on me. We had Diners Card and AMEX. I worked for years for IBM. I had a company card. Initially, there was no personal guarantee, then they changed the policy. It had to do with corporate accounting too. If a person has a company card, it can be abused and you can be fired. Personal guarantees changed that. IBM could choose whether or not the expense was properly documented and the expense was a necessary business expense. I had to pay the bill and expensing was back on me. We had Diners Card and AMEX.

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