On 06/11/2013 15:44, Roland Perry wrote:

There's not a concept (as far as I'm aware) of a company debit card with
a "limit". Companies are therefore reluctant to expose themselves to
giving employees a potentially multi-million blank cheque to carry
around.

Some of the less common UK banks now do this kind of thing - Citybank
are certainly one. Its the way Samsung hand out their "cash back"
rewards. They send you a debit card with a fixed and one time only limit
on it. The issue multiple chards liked to one account setup for the
purpose.

Quite a nifty ruse from their point of view since it means they only pay
out the cash back in cases where it is actually used, and its also
difficult for the recipient to actually spend all of it.

Amex has built an entire empire upon this concept, so don't knock it!

ps The Amex catchphrase used to be "no *preset* spending limit", so
there was a limit, but they set it after you had the card and your usage
pattern was established. A very clever bit of smoke and mirrors.

Indeed. Although perhaps it offers more flexibility than the corporate
CCs that usually need a personal guarantee in place from the directors
for the full credit limit.


--
Cheers,

John.

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