The Amex card is issued in the name of the employee and the university. The cardholder whose name appears on the card is the only person authorized to use it. The McGill University American Express Corporate Card (Amex Card) is a university-selected charge card that is awarded to authorized persons who may incur travel or other expenses related to the execution of university transactions. Overdue accounts are subject to late fees. American Express may deny access to ATMs and ATMs to any cardholder whose account is long overdue. The Travel Desk will notify American Express of cardholders who are no longer in college. These cards will be automatically cancelled. The cardholder must take all necessary precautions to maintain the security and confidentiality of the card information (card number and expiry date) which should not be accessible to persons other than the cardholder. The total amount charged each month must be paid net by the cardholder 30 days after the invoice date. Late fees are collected by American Express on overdue accounts. The American Express Cardholder Agreement regulates the enforcement of delinquency rights. The agreement between McGill University and American Express provides that McGill is jointly and severally liable with the cardholder for all charges incurred by the cardholder, unless cash advances can be obtained through the Express Cash Program. Amex cardholders receive a personal identification number (PIN) that allows direct access to cash through ATMs.

Paul`s company recently decided to use a business account with American Express. Paul can`t see any use for him, and he worries that he will be responsible if the company sinks. By the way, I would also add to the discussion that if I were in your shoes, I would receive debit cards and I would deposit credit cards. You can travel anything you can do with a debit card except go into debt. American Express will suspend all rights to accounts that have been expected for 60 days. The waiver of liability is claimed by McGill University and the card is cancelled. QUESTION: Paul in Chicago uses personal credit cards to pay for business expenses….