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Business Credit Card Questions For Credit Unions

Just started a new business and I am confused, and I am hoping someone can give me clarity on the situation. What are the best credit unions to apply for business credit cards from? Are there any credit unions that don't report to the credit bureaus for business credit cards, or do they all report to the credit bureaus?

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Re: Business Credit Card Questions For Credit Unions

In my biz card portfolio I have NFCU Business MasterCard and chase ink. Chase reports to D&B and Equifax. NFCU doesn't report to anyone unless you default. But I love the NFCU Biz card, great card!

Chase Freedom (5.6k) Chase Amazon AU (13k) NFCU cashRewards (20k) NFCU Business MasterCard (10k) Bank Americard Platinum Plus MasterCard (5.4k) Chase Slate (5k) Amex Business Delta SkyMiles Platinum (17k) Bank of America Sandals Rewards (9k) Chase ink Preferred (10k)
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Re: Business Credit Card Questions For Credit Unions

Thank you for letting me know mgarnes. Does the U.S. Bank Biz Card report to any of the bureaus? I appreciate the heads up regarding the NFCU Biz Card. Are there other credit union biz cards that do not report to the bureaus?

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Re: Business Credit Card Questions For Credit Unions

Amex biz only reports to your personal  if you default on it 

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Re: Business Credit Card Questions For Credit Unions

[ Edited ]

99% of all business credit cards whether they're from banks like US Bank, Chase, Amex, Cit, BoA or credit unions do not report to your personal credit unless you default.  The main exception is the Capitol One Spark business card which does report to your personal credit reports.

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Re: Business Credit Card Questions For Credit Unions

Thank you Irish80 

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Re: Business Credit Card Questions For Credit Unions

I would never get a business credit card with a credit union.  It is just too risky for them.  Paired with the lackluster benefits....its not worth it. Unless you can find something with a competitive APR you'd be better of going with AMEX etc.

EQ 730, TU 730, EX 720. INQs EQ-2, TU-13, EX-12 AAOA 4yrs Util 3% Inspiration: Themanwhocan's Cash Back Charts
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Re: Business Credit Card Questions For Credit Unions


jfriend33 wrote:

I would never get a business credit card with a credit union.  It is just too risky for them.  Paired with the lackluster benefits....its not worth it. Unless you can find something with a competitive APR you'd be better of going with AMEX etc.


Hi jfriend! 

 

How is it more risky for a CU vs a Bank? They both take the risk, but why would a CU be more of a risk? 

(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
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Re: Business Credit Card Questions For Credit Unions

Are we not personal guarantors for the business credit cards?

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Re: Business Credit Card Questions For Credit Unions


saiyanjo wrote:

Are we not personal guarantors for the business credit cards?


99% of the time, yes we are.

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