It is the policy of the CIBC bank to not issue credit cards in the name of the church or for any charitable organization.
It is the policy of Foursquare Gospel Church of Canada that the council and/or a member of the church cannot incur debt through credit cards. The primary reason is that use of credit cards bypass the 2 signature requirement for all church purchases.
Credit card accounts (including making payments and overdue interest) and charges are to be the sole responsibility of the cardholder. Expenses charged to a person’s credit card are to be treated as reimbursements to the individual and are not to be recorded in the accounting system as a debt liability of the church.