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08-05-2017 06:23 AM
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?
08-05-2017 12:09 PM
08-05-2017 02:25 PM
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?
08-05-2017 03:35 PM - edited 08-05-2017 05:21 PM
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.
08-08-2017 03:52 AM
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.
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