You're Being Hoodwinked

Jason says his company is requiring him to get a credit card for business travel. What does he do? Dave suggests that Jason tell his boss this is a deal breaker.

QUESTION: Jason in Arkansas says his company is requiring him to get a credit card for business travel. What does he do? Dave suggests that Jason tell his boss this is a deal breaker.

ANSWER: I would sit down with my boss and just say this is a deal breaker. If you want me to travel and you’re going to pay for it, why don’t you just pay for it? I think Corporate America has really pulled off a cool one on you people. Corporate America has completely hoodwinked you. These multi-billion-dollar corporations are borrowing money from their employees for their employees to travel and then paying them back—most of the time.

I’ve got to tell you, dude, that’s a problem because if they choose not to pay your expense report for any reason, it’s yours. You own it. You’re going to have to make a choice.

If you’re going to do this, I’d get a debit card, set it up on a separate account, run it for only your corporate expenses, and never use that card for anything except corporate expenses that are reimbursable—ever. Of course, you’re going to have to prime the pump. You’re going to have to put a little money in there to get the thing moving. I would ask them for an advance against your travel to fund that account and get it going. But the truth is they should really just furnish you the deal.

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