We all like to think that if we had easy access to a company credit card we’d be careful with it.
That we’d be responsible with the purchases we’d make using that card. No spending it in a casino or for a family meal.
Most of us would stick to this, however, there are a few people who end up buying a lot of rubbish with a company card.
Here are just some of the stupid things people have bought using a company card.
I used to audit corporate card purchases for a fortune 50 company. I caught a guy trying to buy a $30k boat from Bass Pro and a $15k walk-in humidor.
When the Army first went to a travel card system they initially used Amex. The cards had no limit and were activated at all times.
One of my soldiers went out and bought a set of rims for his personal vehicle to the tune of $2,500.
Now, there are limits and the cards are deactivated until needed.
I was bartending one night. It was a Thursday so karoake was going on. Guy walked in in a business suit walked up to the bar and said ” as long as I’m here everything is on this card.” I said “sure enough what would you like to drink”.
He said “when I say everything I mean every drink, shot, and food for every person”. He stayed until close and tallied up a huge tab. Tipped 50%. Come to find out he had been let go but the company forgot to take his credit card. I don’t know what ever happened legally but I made close to 1k in tips that’s night.
Buy approximately $65 of gas four times in one hour. He only had 1 company car but 3 personal cars at home. After an audit, he had been getting away with it for over a year.
A co-worker was dating someone that also worked for our company. He used his company card to buy an addition to the girls friends house. Something like a 20k addition.