We had to cosign for Amex car for a new employee because he had a repo on his credit. He charged up a bunch of money and turned in the receipts then he turned in the bill to be paid. Double payment. His boss signed off on it. When he left the company, he ran up a huge bill that the company had to pay because they cosigned.
Yep.
That’s amazing.
My husband had a no limit AmEx card from the government years ago. We just never considered it to be for personal use. Meals, gas, airline tickets, hotels, etc YES. A yacht? Nope.