The purchasing card program is intended to streamline and simplify the purchasing and accounts payable functions. The purchasing card is a tool that reduces transaction costs, facilitates the timely acquisition of materials and supplies, automates data flow for accounting purposes, and offers flexible controls to ensure proper usage. The purchasing card has been designed as an alternative for various processes, including petty cash, check requests and low-dollar purchase orders.

Use this sample policy to establish appropriate guidelines, business use, responsibilities and authorization within your company’s credit card policy.