On Saturday I ran my credit card at the grocery store and it was declined for lack of funds. I pay the bill in full every month and know that I had not come anywhere close to spending my limit in the past 30 days.
I swiped my emergency backup credit card and went on my way. I was about to call my credit card company and ask “what in the heck?” when I realized that in the past month my husband had spent three weeks in various African countries. Normally when he travels he uses his American Express, which has no limit and doesn’t affect my credit card, but I’m willing to bet that there were plenty of places that wouldn’t accept his Amex that would accept his Mastercard, which is a joint account with mine.
Now, this was a mild annoyance for me. I had another way to pay for groceries. But, it will become a bigger annoyance if his company doesn’t reimburse him promptly. They often don’t. (Partially his fault for being a procrastinator. Partially their fault for having a slow process.) The last thing I want to do is have to pay interest on his work trip.
And it made me think, what does a good travel reimbursement policy look like? Here are five things you might want to think about.
To keep reading, click here: Let’s Build a Better Travel Reimbursement Policy