The UBC VISA Card, a single payment method for purchasing low dollar value goods, services and travel under $3,500. The UBC VISA Card is an enablement tool which complements existing purchase processes. Goods and services above $3,500 will require a Purchase Order.
To determine if you should apply for the new UBC VISA Card, ask yourself 2 simple questions:
Do I purchase low dollar value goods and services?
Do I travel for UBC-related academic or business matters?
If you answered yes to either question, it would be beneficial for you to apply for the card to simplify purchasing and payment. Users must also have the written approval of their application and must also be willing to abide by the guidelines set out for their role as stated in UBC VISA Card Cardholder Handbook. Check with your manager or supervisor to determine if you should apply for the UBC VISA Card. Please note that only UBC faculty and staff can apply for a UBC VISA Card. Students are not eligible unless they are UBC employees.
The UBC VISA card has several options tailored to accommodate individual or departmental purchasing patterns:
goods and services per transaction, limit of $3,500 (card limit $15,000)
goods, services and travel per transaction, limit of $3,500 (card limit $35,000)
The department card can be used for goods, services and travel. While the card limit is $35,000, UBC purchasing policies and procedures apply. If you are purchasing goods and services greater than $3,500, a Purchase Order is required.
Important: Purchase transaction amounts may not be split into smaller amounts, or across time periods, in an attempt to suit the financial delegated authority of a staff member and to bypass submitting requisitions to Finance Operations. Any attempt to split a purchase transaction amount will be considered a breach of the policy.
The Individual Card is for use by individual faculty and staff who purchase goods, services and/or who travel on UBC business. The Department Card is a centrally-held card for use by department administrators to purchase low dollar value goods and services less than $3,500 per transaction. The department card is also for booking group travel, on behalf of individuals who travel infrequently or for visiting guests. Applying for the Department Card is at the discretion of the Dean, Director or Department Head.
No. The UBC VISA Card agreement clearly states personal charges are not permitted. If you inadvertently make a personal purchase:
Return the item for a refund.
If returning the item is not possible, declare it as a personal expense when you reconcile your credit card charges or when submitting a travel expense claim. If you fail to indicate the personal expense, your report will be sent back to you by your approver for correction.
When you make a personal expense declaration, you authorize the University to deduct the amount of the personal expense from your payroll for the next pay period.
The UBC VISA Card does not accommodate individual cardholders to collect reward points for personal use. If you are personally a member of a frequent flyer loyalty program, you will be able to earn frequent flyer miles by providing your personal membership number when making your reservation.
Yes, your manager – known as an ‘initiator’ in the Online Payment Tool – can assign ‘delegates’ to enter data, upload digital receipts and specify accounting information. Once you have entered the claims on behalf of your manager, your manager will need to log-in to the Online Payment Tool to review and submit the expense report for approval. The claim will be automatically routed for approval to the one-over-one or signing authority.
At least monthly, log-in to the Online Payment Tool (OPT) – accessible via UBC’s Self-Service Centre using Campus Wide Login (CWL) – to prepare a detailed expense claim report and/or reconcile all transactions for accuracy. Each transaction should be assigned to the applicable speedchart, account code and PG, with the required level of detail for each transaction per UBC and Tri-Council policies and procedures. Attach digital receipts and provide business purpose for each transaction. For those expenses where a receipt is missing, a declaration will be requested stating that the expenses will not be submitted at a later date and/or by any other means. Retain support documents i.e. receipts for a minimum of seven (7) years (for unrestricted accounts) or a minimum of seven (7) years after final project payment and completion of final audit, or as otherwise advised by UBC. Please note that all transactions greater than 60 days in age that are not reconciled nor indicated as travel to be settled later, will be considered past due.