... Corporate Card

JP Morgan Chase Travel (Individual Bill) Card
The University of Texas Health Science Center at Houston
For State of Texas Use Only

The Corporate Travel Card is an individual credit card account, which means that the cardholder is responsible for paying the balance in full when the bill comes due.  The account is useful in separating an employees business travel expenses from their personal credit cards and it allows the traveler to purchase State contracted airfares.  The Card is to be used for State of Texas business-related travel charges only and is not for personal use. Use of the Card for charges other than official University business is a direct violation of the State's contract with JP Morgan Chase, Ethics Commission Advisory Opinion No. 147 and the UT System Travel Card policy and, therefore, a misapplication of the state-issued card.

1. ELIGIBILITY
To be eligible for a state-issued individual liability corporate travel charge card, the state employee must:

• take, or be expected to take, three (3) or more trips per fiscal year, or
• spend at least $500.00 per fiscal year for official state business travel.

If you feel you need a state-issued individual corporate travel charge card and you qualify under these guidelines, please contact Diane Cupples with Auxiliary Enterprises, 713-500-8405, for an application form. JP Morgan Chase, the corporate travel charge card vendor, will screen credit histories on individual applicants.

2. LIABILITY
The individual whose name appears on the individual corporate travel charge card is liable for all charges applied to the card.

NOTE: Individual corporate travel charge cards issued through the State of Texas are to be used for official state business travel expenses only.  Cards will have the official state logo and embossed with the card member’s name, the account number, the state of Texas, followed by three numbers identifying the employee’s state agency three-digit assigned agency code, The University of Texas Health Science Center at Houston-744 and imprinted “for Official State Business Travel Only.”
 
3. BENEFITS

• No annual fees.
• No minimum salary requirements.
• Credit limits and payment information are not reported to the credit reporting bureaus, thus affecting personal credit history, unless the JPMorgan Chase account is charged off. If a delinquent account is charged off by JPMorgan Chase, then they will report all information to the credit reporting bureaus which will impact an individual’s credit history report and the State of Texas rebate program.
• Business Travel Accident Insurance: Each cardholder who purchases a common carrier ticket with their Commercial Card is automatically insured in the amount of $500,000 against Accidental Bodily Injuries that result in death or dismemberment at no additional cost.
• Lost Luggage Insurance: When a cardholder pays for the cost of common carrier tickets with his/her Commercial Card or via a cardless account, he/she will be eligible to receive supplemental reimbursement for lost luggage of up to $1,250.
• Automobile Rental Insurance: JPMorgan Chase also offers primary Collision/Loss Damage Insurance for up to 31 consecutive days of car rental. This insurance covers up to $50,000 per incident on claims for which the cardholder or any other authorized drivers are legally responsible to the vehicle rental company. This also includes Secondary Personal Effects Insurance which covers loss, damage or theft of such effects.

State designated limitations:

• $200 limit per billing cycle on non-travel (retail) charges on state-issued individual corporate travel charge cards. In some instances, charges for travel-related expenses such as parking, taxis, and gasoline may be coded by the merchant as "retail." Please be aware of this so you are prepared while traveling.
• Merchant Category Codes: Includes all travel type merchants, air, hotel, and rental car with some retail spending capabilities established by TBPC.

4.  PAYMENT GUIDELINES

1. All accounts are payable upon receipt of the statement.
2. An account is considered by JPMorgan Chase to be delinquent 31 days after the billing date.
3. When an account reaches 61 days past due, it is suspended until it is paid. Accounts that reach 90 days past due will be cancelled and will not be reopened.
4. Individual corporate travel charge cards will be assessed delinquency charges on past-due balances. If all or any portion of a payment is not received by Bank One by the 58th day after the first Statement Date, JPMorgan Chase will assess a late fee equal to 2.5% of all Past Due Balances on such day after the first Statement Date and every thirty days thereafter until payment is received by JPMorgan Chase. Delinquency assessments are not reimbursed by the State.

 

The University of Texas Health Science Center at Houston
Site maintained by Finance
Last updated January 30, 2009