Business Credit Cards That Do Not Report To Personal Credit
Here are three ways that applying for and using a business credit card could affect your personal credit history.
Business credit cards that do not report to personal credit. There are stats to back that up too. Business credit card information reported on owner cardholder s personal credit reports capital one activity is flagged as small business when reported to personal credit reports. In practice barclays record on reporting business accounts is mixed so your mileage may vary with them. There aren t many small business credit cards without a personal guarantee because credit card companies consider a business owner s company and personal finances to be fundamentally intermingled.
In other words they re so closely connected that they re basically one and the same. Wells fargo generally does not report negative information to the owner s personal credit but reserves the right to do so. When you apply for a business credit card the card issuer may consider both your business s track record and your personal credit. How do business credit cards affect personal credit.
Several issuers will report business credit cards to the consumer credit reporting bureaus which means they ll show up in their entirety on your personal credit reports just as your personal cards do. We didn t have any official answers from citi but readers report that most citi business cards are not reported on personal credit reports. A credit inquiry when you apply.