Originally Posted by Douglas
We have corporate cards, all green, here. I have one and it is used for all kinds of travel. However, I've never signed up for membership rewards so I don't get any points. Which is kind of a shame because I've racked up well over $100K on it over the years. Anyone have any advice on whether or not to sign up? Is it worth it? There's a $75 (I assume annual) fee for my card - but I also wonder whether as a company we should sign up for rewards that accrue back to the company - anyone have any experience with this? I'm also wary about what any of this might do to people's incentives when using their cards - we want them using them for legit business expenses, and we prefer the oversight of cutting our own checks for most things, but this might encourage folks to, for example, pay various vendors, memberships, trade show fees, etc. that we would prefer to write a check for in order to receive the personal benefits that accrue. Any words of advice from this corporate perspective?
I used to work for IBM, who worked out a deal w/ Amex where they got the points instead of the employee. If you're high enough up and a big enough customer, you might look into that (to the chagrin of your employees). At my new company, I pay the 75 for the points and it's well worth it. You need to spend $7500 / year to break even.