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Which statement about an individually billed account (IBA) is true? Regardless of the status of the traveler's reimbursement, they must pay their bill on time. You just studied 12 terms!
- What is an individually billed account?
- What is the benefit of using a travel card?
- What is a reason for GTCC account suspension?
- What can I purchase with my GTC?
- What is the difference between IBA and CBA?
- What is IBA card?
- What is a military travel card?
- Is a travel card better than a credit card?
- Does travel include gas?
- Who has liability for paying undisputed charges individually billed accounts?
- What is a GTCC?
- Is the GTCC mandatory?
- Can you withdraw money from GTCC?
- Can I use my government travel card for alcohol?
- Can you withdraw cash from travel card?
What is an individually billed account?
Individually Billed Accounts (IBA) are issued to employees to pay for official travel and travel-related expenses. The government reimburses employees for authorized expenses. The employee is responsible for making monthly payments to the bank. ... CBAs are paid directly by the government to the bank.
What is the benefit of using a travel card?
Travel credit cards are convenient for booking trips, and the best ones save you money plus offer travel perks. These cards typically allow you to earn miles or points for every dollar you charge on travel, or in some cases, everyday expenses.
What is a reason for GTCC account suspension?
Account Suspension – Accounts will suspend when undisputed GTCC balances remain unpaid following the first cycle date after the account reaches 31 days past the due date. Use of GTCC will not be permitted by the GTCC bank.
What can I purchase with my GTC?
Based on the guidance we quoted above, you should use your GTCC for all official travel-related expenses. That includes things like your airfare, rental car, lodging, meals (yes – even meals!), parking, taxi fares, and all other travel-related costs you incur during a TDY (and a PCS, if your Component permits).
What is the difference between IBA and CBA?
A CBA is a type of account where the traveler is not responsible for personally purchasing their airline tickets. ... An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
What is IBA card?
If approved, you will be issued an individually billed account (IBA) travel card. The travel card is issued for payment of your official Government travel expenses only. It is not authorized for personal expenses. The card is not transferrable and can only be used by the cardholder.
What is a military travel card?
The government travel card - "the card" - is a credit card designed to streamline the official travel process. ... The card located in many people's wallet is for use by all U.S. government personnel (civilian and military) to pay for costs incident to 'official' business travel.
Is a travel card better than a credit card?
A travel card is an excellent choice if you travel frequently and can take full advantage of the side perks. A cash-back card, though, is usually less expensive and comes with more versatile rewards. For many, that makes it a clear winner.
Does travel include gas?
No, gas station purchases do not count as travel on the Chase Sapphire Preferred card or the Ink Business Preferred card. In fact, none of the Ultimate Rewards-earning credit cards count gas as a travel expense.
Who has liability for paying undisputed charges individually billed accounts?
Payment of undisputed charges is the obligation of the employee. The employee must pay all undisputed charges directly to the bank in full by the billing due date as printed on the billing statement. This date will be 25 to 30 days after the closing date on the statement, depending on the bank.
What is a GTCC?
The Government Travel Charge Card Program (GTCC) provides travelers with a safe, effective, convenient, and commercially available method to pay for expenses associated with official travel. The GTCC includes Individually Billed Accounts (IBAs) and Centrally Billed Accounts (CBAs).
Is the GTCC mandatory?
Use of the GTCC is mandatory for both Military and U.S. Civilians. ... The DoD GTCC will be issued to USAG WP Military and DoD Civilian personnel, unless otherwise exempt, to pay for expenses incidental to official business travel. There is no longer an exemption for non-frequent travelers.
Can you withdraw money from GTCC?
Do not use the GTCC to exceed allowable daily meals and incidental expenses (M&IE) rate. ... Do not take cash advances from the ATM more than three working days before scheduled departure dates of any official travel, or for an amount that exceeds allowable M&IE expenses or after the TDY terminates.
Can I use my government travel card for alcohol?
Generally, employees may not use a travel card to purchase alcoholic beverages unless they are incident to a meal.
Can you withdraw cash from travel card?
Do remember your travel card has a charge limit for food and automatic teller machine (ATM) withdrawals. Do obtain cash advances for official travel through an ATM only when authorized. ... Do be aware that vendors report to the Department when the card is used for non-travel related expenses.
