Corporate Travel Card

The corporate travel card is a personal-liability credit card that is used for the payment of business-related expenses. The bill is sent directly to the cardholder, and he or she is responsible for remitting payment directly to the financial institution. The card has certain benefits that have been negotiated by the university. For example, there is no annual fee. (Please see the Card Highlights below.)

Although the corporate travel card is a personal liability, the cardholder's agreement with the financial institution requires that purchases and cash advances be for business-related expenses only.

Eligibility

Cornell University faculty or staff members are eligible to apply for a corporate travel card if they meet all of the following criteria:

• His or her position at the university requires business travel at least once per year and/or you regularly host business meals
• He or she has been authorized to apply for a travel card by your supervisor and your unit's business manager or chair
• He or she has completed an application and agreed to the financial institution's Cardholder Agreement

Note: If you have only an occasional need to pay for business-related expenses, contact your unit manager, because other payment options may be available.

Benefits of the Card

The corporate travel card offers several benefits. For example, cash access, no annual fee, rental car insurance, and baggage insurance. The following information outlines the benefits of the card:

• Highlights of the U.S. Bank Travel Card (PDF, 297 KB)
• Travel Accident Insurance Program (PDF, 70 KB) (coverage during travel on a common carrier)
• VISA 911 Benefits (PFD, 251 KB) (Travel and Emergency Assistance and Auto Rental Collision Damage Waiver programs)
• Lost Luggage Insurance (PDF, 512 KB)

Definitions

These definitions apply to the terms used in reference to Cornell's Corporate Travel Cards.

Business Expenses: Goods or services that foster or support the ongoing missions of the university, which, based on University Policy 3.14, Business Expenses, may be charged to a university account. Some examples related to business travel are transportation, lodging, and meals.

Corporate Travel Card: A personal liability credit card that is used primarily for the payment of business travel expenses, and that has been obtained by a university employee through a contract between Cornell University and a financial institution.

Financial Institution: The issuer of the corporate travel card - U.S. Bank.

University: Cornell University

You/cardholder: The person applying for and using the corporate travel card.