Purchasing Card Cardholder Agreement - South Carolina

Purchasing Card Cardholder Agreement is a legal document that was released by the South Carolina Military Department - a government authority operating within South Carolina.

FAQ

Q: What is a Purchasing Card Cardholder Agreement?
A: A Purchasing Card Cardholder Agreement is a legal agreement that outlines the terms and conditions for using a purchasing card.

Q: What is a purchasing card?
A: A purchasing card is a credit card specifically issued to employees for making authorized purchases on behalf of their organization.

Q: Why do I need to sign a cardholder agreement?
A: Signing a cardholder agreement establishes your understanding and acceptance of the terms and conditions for using the purchasing card.

Q: What are the responsibilities of a cardholder?
A: Cardholders are responsible for using the purchasing card only for authorized purchases, keeping track of their expenses, and ensuring compliance with company policies.

Q: Can I use the purchasing card for personal purchases?
A: No, the purchasing card should only be used for business-related purchases as outlined in the cardholder agreement.

Q: What happens if I misuse the purchasing card?
A: Misusing the purchasing card can result in disciplinary action, including revocation of card privileges and potential legal consequences.

Q: How do I report a lost or stolen card?
A: Report a lost or stolen card immediately to the card issuer's customer service hotline.

Q: What should I do if I notice any unauthorized charges on my card?
A: Contact the card issuer's customer service immediately to report any unauthorized charges and to initiate a dispute resolution process.

Q: Can I request a credit limit increase on my purchasing card?
A: Credit limit increases are typically subject to approval by the card issuer and may require additional documentation or justification.

Q: What is the process for reconciling my purchasing card expenses?
A: Check your monthly statement for accuracy, reconcile your expenses with receipts and supporting documentation, and submit the necessary forms to your organization's finance department.