P-Card Spending Limit
| Activity: | P-Card Spending Limit |
| Financial Policy: | University Purchasing Policies http://policies.iu.edu/policies/categories/financial/index.shtml#Purchasing |
| Related Policies: | Other Relevant Policies http://policies.iu.edu/policies/categories/financial/index.shtml |
| Additional Forms: | N/A |
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Things to Know: |
Each individual purchasing card transaction must not exceed the set dollar limit for the card, including shipping (default is $1,000). Transactions at $1,000.01 and greater will be denied at the point of sale. It is not permissible to make multiple charges in the same day to the same vendor in order to facilitate a charge that exceeds $1,000.00. If this limit does not meet your department's needs, you may submit a written request to your P-Card manager to have the transaction dollar limit revised. |