Credit Cards And Credit Card Payments

1351 WordsNov 25, 20156 Pages
Throughout our lives, we do a tremendous amount of spending. Whether it be using cash or a credit/debit card, we spend thousands of dollars each year on various items. Similar to individuals, companies squander up plenty of money as well. However, companies typically primarily on the usage credit cards. Credit cards have developed into a necessity for the majority as it is easier than having to reimburse employees if they pay with cash. Unfortunately, credit cards are a means we should avoid due to the concept that payments are commonly not made punctually. As a result, people oftentimes have hundreds and even thousands of dollars of debt in regards to credit card payments which can financially affect a person for the rest of their life. Similarly, corporations have the same difficulties and may eventually become bankrupt because of this. Even though credit cards are perhaps a wise decision for a few, but they are unideal item for countless others. In the situation presented, credit cards and their implications are the principal topics at hand. Represented in the corporate credit card case is a major regional bank holding company identified as X-Bank. Recently, the company opted to expand its business by developing new products and services that would increase its revenues and profits. As a result, they elected to affiliate with VISA International and introduce the “corporate card.” With this plan, corporations would be able to provide their employees these cards to use

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