Miscellaneous Benefits

Corporate Card

Michigan Tech has entered into an agreement with American Express Travel Related Services Company, Inc. to assist employees who frequently travel on University business in obtaining an American Express Corporate Card. This card is intended primarily for University business but may also be used for personal expenditures.

All faculty and staff members who travel or host functions on behalf of the University are eligible to apply for the American Express Corporate Card and are strongly encouraged to use the card for all travel expenditures whenever possible. As of April 2003, an annual fee of $35 will be assessed to each card holder. It is at the discretion of the department head to reimburse employees for this fee.

American Express is soley responsible for credit approval and issuance of the card. Nonpayment of charges may result in revocation of card privileges. Once a card has been revoked for late/nonpayment, the employee will be unable to continue to participate in the program. Late payment fees are the responsibility of the cardholder.

Card privileges will be withdrawn upon termination of employment with the University. The employee must return the card to Accounting Services before the last day of work.

Benefits of the Card

• No preset spending limit
  
• Collision insurance on rental cars is provided (see Accounting Services procedures)
  
• As long as your account is in good standing, the Card is available for your personal spending

Eligibility

• You must travel at least once a year
• Submit a memo to Accounting Services from the Department Head authorizing you to apply for the Card
  

Application

• Request an application for the Card from Accounting Services
• Return the completed form to Accounting Services along with a memo from your department chair/director authorizing you to apply for the Card

Accounting Services personnel will forward the application to American Express for review and approval. The Card should be received from American Express in about four (4) weeks.

Any discrepancies on American Express billing should be resolved by the cardholder.

Savings Bonds

United States Savings Bonds may be purchased through payroll deduction. Contact the Payroll Office in Human Resources for information.

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