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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.
The State Auditors Office Purchasing Card Policies and Procedures Manual establishes the minimum standard for the use of the State of West Virginia PCard and the WVU PCard Program fully complies with those standards.
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.
The Boston University Purchasing Card (PCard) Program is designed to provide an efficient means of making routine purchases of under $3,000.00 per purchase, with a $30,000.00 per month credit limit.
The default daily single P-Card transaction spending limit is $9,999.99. Aligning with the non-catalog Requisition limit, the single transaction limit for most Procurement Cards (P-Cards) is $9,999.99.