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	<title>FinanceRegs.com &#187; Travel cards</title>
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		<title>#1 way employees can reduce travel costs</title>
		<link>http://www.financeregs.com/1-way-employees-can-reduce-travel-costs/</link>
		<comments>http://www.financeregs.com/1-way-employees-can-reduce-travel-costs/#comments</comments>
		<pubDate>Fri, 28 Nov 2008 11:00:45 +0000</pubDate>
		<dc:creator>Carol Katarsky</dc:creator>
				<category><![CDATA[Best practices]]></category>
		<category><![CDATA[Communication]]></category>
		<category><![CDATA[Electronic payments]]></category>
		<category><![CDATA[Hiring & training staff]]></category>
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		<category><![CDATA[Cost cutting]]></category>
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		<category><![CDATA[Purchasing cards]]></category>
		<category><![CDATA[Travel cards]]></category>

		<guid isPermaLink="false">http://www.financeregs.com/?p=349</guid>
		<description><![CDATA[Corporate cards save you time and reap hefty rebates for the company. So why do so few travelers comply? The answer: Airline miles &#8212; and hotel points, cash back offers, or any number of other perks offered by the employees&#8217; personal credit card issuers. With the average business trip costing somewhere in the $1,500 range, [...]]]></description>
			<content:encoded><![CDATA[<p>Corporate cards save you time and reap hefty rebates for the company. So why do so few travelers comply? <span id="more-349"></span></p>
<p>The answer: Airline miles &#8212; and hotel points, cash back offers, or any number of other perks offered by the employees&#8217; personal credit card issuers.</p>
<p>With the average business trip costing somewhere in the $1,500 range, even a modest rebate can be an attractive &#8220;bonus&#8221; to employees who are feeling the pinch of this economy. In fact, 74% of employees admitted they don&#8217;t always use their company&#8217;s preferred method of payment because of the perks they get from their personal cards.</p>
<p>Another 21% said they either never received a card, or the card isn&#8217;t accepted in some of the places they travel. That&#8217;s according to a recent survey by <a href="http://www.temagazine.com/" target="_blank">T&amp;E magazine</a>.</p>
<p>To get road warriors to use company-issued cards, you have two options: The carrot or the stick:</p>
<ol>
<li>If possible, incentivize travelers to use the cards. For example, you might get upper management to agree to kick a percentage of the cards&#8217; rebates back to employees as profit sharing, or as a bump in their departmental budgets. If that&#8217;s not an option, an internal competition to see which department can set the highest bar for card compliance might help.</li>
<li>If incentives don&#8217;t work, penalties might. Even a mild step, like flagging a department for non-compliance can send the message that the practice have to end. Key: Upper management has to demonstrate they&#8217;re behind your efforts, so make sure they&#8217;re on board first.</li>
</ol>
<p>What have you tried to get more travelers to use company-issued credit and travel cards? Let us know in the comments what has &#8212; or hasn&#8217;t &#8212; worked for you.</p>
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