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What is the purpose of the PCard?

A Purchasing Card (P-Card) is a corporate credit card designed explicitly for business-related purchases. It empowers employees to make purchases on behalf of their organization, streamlining the procurement process.

What is the difference between a p-card and a corporate card?

P-Card administrators can restrict usage to a certain dollar threshold or to a list of pre-approved merchants, which is why P-Cards are typically used for goods and services instead of travel. Corporate or travel cards typically have less restrictions and function in much the same way as personal credit cards do.

What does P mean on card?

If you are wondering what is a p-card, a p-card is a type of company card that employees can use to charge goods and services on behalf of their employers without having to go through the traditional purchase request and approval process. They are also known as purchasing cards or procurement cards.

Who is responsible for the activation of the PCard?

The physical card will be mailed to the cardholder/department based on the mailing address on the PCard Application. The cardholder is responsible for activating the card for usage upon receipt via a website portal.

What is the purpose of the PCard?

A Purchasing Card (P-Card) is a corporate credit card designed explicitly for business-related purchases. It empowers employees to make purchases on behalf of their organization, streamlining the procurement process.

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What does p-card stand for?

What is a p-card? P-card stands for procurement card or purchasing card. It is the physical payment mechanism used to transfer money from your business to suppliers and providers, such as when making a purchase order.

Why is it called p-card?

A purchasing card (also abbreviated as PCard, P-Card, or ProCard) is a form of company charge card that allows goods and services to be procured without using a traditional purchasing process. In the UK, purchasing cards are usually referred to as procurement cards.

What is a credit card agreement?

What Is a Cardholder Agreement? A cardholder agreement is a legal document outlining the terms under which a credit card is offered to a customer. Among other provisions, the cardholder agreement states the annual percentage rate (APR) of the card, as well as how the cards minimum payments are calculated.

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What is the purpose of the PCard?

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What is the purpose of the PCard?

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