Study

Commercial Credit Card Final Review

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  • Who receives the billing statement under consolidated billing, and who receives the memo statements?
    The control acct receives the actual statement, and the sub accts receives the memos
  • Who controls the company approved credit limit?
    FCB
  • Who can change the billing type?
    Everyone listed on the corporate resolution card, the memory message person by notation, the contact person, and the guarantors.
  • Which card has %0 no rewards for 12 months?
    Business "No Rewards" Business Credit Card
  • Who can change the billing type?
    Everyone listed on the corporate resolution card, the memory message person by notation, the contact person, and the guarantors.
  • Where is the control acct located?
    Under company acct list
  • Under individual billing, if one cardholder has maxed out their limit, will it affect the other cardholders if the company level ahs availability?
    No
  • What platform do we use to update billing type?
    Pathway
  • Who can activate or do maintenance on any card for the commercial acct
    Guarantor, Contact Name, Owner, Master memory person
  • Where is the company availability located?
    Company balance and status section
  • Can anyone order new card due to fraud?
    No, ONLY CARD HOLDER OR GUARANTOR
  • Where do you find information about the person who can do maintenance on the commercial credit card, but is not listed as a Guarantor, Cardholder, or someone listed on the Corporate Resolution?
    Memory Message Person in Memos Section
  • Which transaction type appears as transaction on a card statement, interest accrues until paid off, no grace period, and 30% of approved credit limit?
    Cash Advance
  • What are the two Commercial billing types?
    Consolidated and Individual
  • Who can change the billing type?
    Everyone listed on the corporate resolution card, the memory message person by notation, the contact person, and the guarantors.
  • What is a guarantor?
    An Owner
  • Who can Redeem awards on Commercial Credit Cards?
    Primary Cardholder/Redeemer
  • How many contact names can be on contact list?
    3