A corporate credit card is a good tool for a company for impressive savings as it provides the flexibility in bill payments. It offers an ease of convenience in account management for any business operation. 

A corporate credit card works very much similar to a personal credit card except that it has higher credit limit. It is generally used by company or provided to the employee for travel purposes or managing accounts. 

When non-payment on corporate credit card occurs, the impact depends on the liability of the account. In case of individual liability, the credit card holder is responsible for repayment and non-payment affects the credit score of the individual. In case of joint liability, both the employee and employer are responsible for the repayment. Non-payment will pop up in the individual and company’s credit report.