More than 40% of business travellers bill personal purchases to company cards

Four in ten business travellers admit to using corporate cards for personal purchases according to CWT research.

Some 46% of American and European travellers and 38% of travellers in Asia Pacific say they have used corporate cards for personal items, according to research commissioned by CWT.

Vice president of the consultancy arm of Carlson Wagonlit Travel CWT Solutions Group Christophe Renard said: "Travel managers need to address the misuse of company cards – and also work out why travellers don’t follow the rules."

The practice is "rife" according to the research, even though 63% of Americans, and 58% of Europeans, say their company has a policy against using corporate credit cards for personal purchases, with an enforcement ratio of 85% in both regions.

Some  69% of Asia Pacific traveller said their company has such a policy, with an enforcement ratio of 87%.

"The use of personal credit cards for business expenses means companies find it difficult to track spend – and that makes it a lot harder to enforce policies," said Renard.

"If companies don’t want to issue credit cards to all employees – which is understandable – virtual credit cards are a useful compromise.

"Travellers don’t have to use their personal cards for business expenses, and companies know exactly how their money is being spent."

Six in ten global business travellers said their employer provides them with a corporate credit card.

Those in Asia Pacific were likeliest to have one (67%), followed by those in the Americas (61%) and those in Europe (56%).

But while corporate cards are used to make personal purchases, the findings show that personal cards are also often used for business travel expenses.

Some 49% of business travellers always use their personal credit card when travelling for business. 

For more features and breaking news sign up to C&IT Magazine's daily Newstracker here.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in

Andrew McCorkell recommends

Growth in event budgets slowing down

Read more
Profit warning issued by Ryanair

Profit warning issued by Ryanair

Airline reduces profit expectations by £88m, blaming drop in fares caused by competition during winter.

'Waste can be reduced if the client, organisers and caterer work together'

'Waste can be reduced if the client, organisers and caterer work together'

Allan Heard from 30 Euston Square explains how both food and other forms of waste can be tackled through closer collaboration.

Robots don't always make the best staff

Robots don't always make the best staff

The Henn na Hotel in Japan is 'firing' its robot staff after they failed to reduce costs or workload for employees.

Overcoming event preconceptions

Overcoming event preconceptions

Why event planners should reconsider their initial thoughts about different venues, brands and destinations.

If an event manager had overseen Brexit...

If an event manager had overseen Brexit...

'I can't help but think we'd be in a better place than the one we're in now,' says Alex Hewitt, CEO of AOK Events.

New airport opens in Murcia

New airport opens in Murcia

The international airport in the Spanish region of Murcia will have links to destinations across the UK.

Record 50 million visitors to LA in 2018

Record 50 million visitors to LA in 2018

The ambitious target has been hit two years early, says the Los Angeles Tourism Convention Board.

Mondrian London changes ownership and becomes Sea Containers London

Mondrian London changes ownership and becomes Sea Containers London

South Bank hotel to be managed by the Lore Group and will operate as normal during transition.

How freelance event planners can steer clear of HMRC tax penalties

How freelance event planners can steer clear of HMRC tax penalties

Managing director of DSR Tax Claims, David Redfern, provides guidance to help freelancers avoid fines and penalties.

Two new hotels in Abu Dhabi for Radisson Blu

Two new hotels in Abu Dhabi for Radisson Blu

The Abu Dhabi Corniche has event space for up to 2,000, while the Al Ain features a garden area for al fresco social gatherings.

LATEST JOBS