What is the maximum limit for a government source credit card?

What is the maximum limit for a government source credit card?

• A. $25,000
• B. $50,000
• C. $100,000
• D. $200,000

Answer: (C)

The maximum limit for a government source credit card is set at $100,000. This cap is in place to ensure that federal purchasing is conducted within a responsible framework, encouraging accountability and fiscal management. Government credit cards, also known as purchase cards, allow authorized personnel to procure goods and services without having to process each transaction through traditional contracting methods. The $100,000 limit facilitates immediate and efficient purchasing while still maintaining oversight and control over federal spending. Keeping this threshold in mind allows petty officers and other personnel to engage in procurement within the established regulations while ensuring that expenditures remain accountable to government standards.

The maximum limit for a government source credit card is set at $100,000. This cap is in place to ensure that federal purchasing is conducted within a responsible framework, encouraging accountability and fiscal management. Government credit cards, also known as purchase cards, allow authorized personnel to procure goods and services without having to process each transaction through traditional contracting methods. The $100,000 limit facilitates immediate and efficient purchasing while still maintaining oversight and control over federal spending. Keeping this threshold in mind allows petty officers and other personnel to engage in procurement within the established regulations while ensuring that expenditures remain accountable to government standards.