topic Re: Which Bank Biz Cards Report To Biz Credit Reports? in Business Credit

Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Sat, 18 Jun 2022 22:49:03 GMT

AS OF 09/25/21

Hi All,

When looking to open business credit cards, something that influences my decisions are:

Which banks report business card activity to business credit reports?
Which banks report business card activity to personal credit reports?
Which banks report business card activity to which business credit reporting agencies? (D&B, SBFE, EX & EQ)

This is a fluid grid and as always, subject to change, and very much a YMMV situation, but it's nice to have a reference point. We're just sharing our personal experiences and lumping them onto a consolidated list.

If you're personal results vary from what I have noted just add a reply (tag me please, @credit_is_crack) and we'll make a note of it and update the grid accordingly. Those with an existing business report (with active items reporting) have a much higher propensity to have your personal CRA pull in addition to a business CRA.

Amex Callout: Historically Amex reported activity to SBFE, but in 2020 users have reported that Amex is not reporting any activity to any business CRA. For clarity, I presume they are referencing positive activity as almost all lenders will report negative activity to both business and personal CRA's.

Capital One Callout: If your business card was opened prior to October 2020 it should be reporting to all personall CRA's. Select "Spark Cash for Business" accounts created on or after October 2020 do not report to personal CRA's. This is a change in process for them and will likely roll out to other cards in their lineup, but has not officially been confirmed. For now, all other Cap1 business cards will still report to personal credit reports.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

CreditCuriosity — Mon, 18 Mar 2019 21:36:45 GMT

Cap1 Certainly reports back to EQ business(at least negatives) as had a business account with them 7 years ago until recently it has haunted me as off personal EQ report early due to EE, but remained on EQ business and caused a few denials with Citi Business which Citi used on their business CC decisio making progress along with Personal Ex or Eq or both. Sole reason on AA denial for Citi was EQ business and was from Cap1 just to fill the matrix in a bit more. Believe my EQ business is clean now as heard BofA pulls EQ business as well although not 100% certain on that so unless someone can confirm that don't etch that in stone yet.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Mon, 18 Mar 2019 22:06:46 GMT

Good to know - I just updated it!

Re: Which Bank Biz Cards Report To Biz Credit Reports?

LittleSal — Mon, 18 Mar 2019 23:01:49 GMT

Great Post! I’ve been trying to piece this information together for a while. Very helpful.

Strange that Cap One reports to personal credit file.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

LittleSal — Mon, 18 Mar 2019 23:10:11 GMT

BoA business card does pull EX Business report. I just got an alert when I applied.

Also HP on TU.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

SouthJamaica — Tue, 19 Mar 2019 02:22:55 GMT

The only ones I know of which report to personal credit are Capital One, TD Bank, and Discover.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Tue, 19 Mar 2019 03:08:38 GMT

@LittleSal wrote:
Great Post! I’ve been trying to piece this information together for a while. Very helpful.

Strange that Cap One reports to personal credit file.

It is odd, but they do show up. I understand the credit report has a small note that says "Small Business Account", but its stats are factored in like every other personal card. Payment history, utilization, limits, etc.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Tue, 19 Mar 2019 03:09:20 GMT

@SouthJamaica wrote:
The only ones I know of which report to personal credit are Capital One, TD Bank, and Discover.

Do you know if it reports both positive and negative info on the personal report for TD Bank? I can add it to our list

Re: Which Bank Biz Cards Report To Biz Credit Reports?

Anonymous — Tue, 19 Mar 2019 10:20:57 GMT

I would caution everyone that Your Experience May Vary with respect to the charts above.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

SouthJamaica — Tue, 19 Mar 2019 12:44:16 GMT

@credit_is_crack wrote:
@SouthJamaica wrote:
The only ones I know of which report to personal credit are Capital One, TD Bank, and Discover.
Do you know if it reports both positive and negative info on the personal report for TD Bank? I can add it to our list

Yes that's what I mean when I say it reports to personal credit. Because they all report negative stuff to personal credit as far as I know.

It just reports the same information to your personal credit as a personal credit card would.

Which for me is bad because I want to be able to use the business card freely, without having to think about how it might affect utilization.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Tue, 19 Mar 2019 16:17:37 GMT

@SouthJamaica wrote:
@credit_is_crack wrote:
@SouthJamaica wrote:
The only ones I know of which report to personal credit are Capital One, TD Bank, and Discover.
Do you know if it reports both positive and negative info on the personal report for TD Bank? I can add it to our list
Yes that's what I mean when I say it reports to personal credit. Because they all report negative stuff to personal credit as far as I know.

It just reports the same information to your personal credit as a personal credit card would.

Which for me is bad because I want to be able to use the business card freely, without having to think about how it might affect utilization.

Thanks for confirming, and I know what you mean. One of the core decision makers for me is personal reporting. I deliberatly avoid banks that will report business cards on personal reports - I don't understand the intent, and am not hell-bent on trying to figure it out, but at least if I know about it I can just avoid it lol thanks for the data point - I added it to the list. It's still just a home grown list, but I'm positive there are other noobs out there trying to get business accounts and may not know the full ins-and-outs of these card types. Thanks again!

Re: Which Bank Biz Cards Report To Biz Credit Reports?

FinStar — Wed, 20 Mar 2019 01:10:30 GMT

@SouthJamaica wrote:
The only ones I know of which report to personal credit are Capital One, TD Bank, and Discover.

You can add State Farm Bank biz CC to the list of those that report to personal CRs

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Wed, 20 Mar 2019 01:23:15 GMT

@FinStar wrote:
@SouthJamaica wrote:
The only ones I know of which report to personal credit are Capital One, TD Bank, and Discover.
You can add State Farm Bank biz CC to the list of those that report to personal CRs

Never even thought about them or knew they had a biz divsion. Do you know if they report to any business credit reports above the personal reports? Also, I'm assumming you mean State Farm mirrors Cap1, reporting even postive info on the peronsal report - is that correct? I added it to the list, Thanks @FinStar!

Re: Which Bank Biz Cards Report To Biz Credit Reports?

FinStar — Wed, 20 Mar 2019 01:41:25 GMT

As they are brand new to me on the biz side, I don't know whether they even report to any biz CRs to be honest.

That being said, positive (or negative) history does report to personal CRs based on testing them out recently.

When I first considered them for the biz side I wasn't sure, so I gave it a whirl. The application process took like 2 weeks to get finalized since they had to verify a bunch of items. Once that hurdle was cleared, approved for $13,000.

Didn't think much of it then I started getting alerts a month or so later about a new account added (TU, EQ via CK and EX via CreditWise and USAA CMS). Lo' and behold, there it was! I was like...well aren't you the prettiest thing that just pushed my 5/24 goals further out 😄

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Wed, 20 Mar 2019 01:46:09 GMT

@FinStar wrote:
As they are brand new to me on the biz side, I don't know whether they even report to any biz CRs to be honest.

That being said, positive (or negative) history does report to personal CRs based on testing them out recently.

When I first considered them for the biz side I wasn't sure, so I gave it a whirl. The application process took like 2 weeks to get finalized since they had to verify a bunch of items. Once that hurdle was cleared, approved for $13,000.

Didn't think much of it then I started getting alerts a month or so later about a new account added (TU, EQ via CK and EX via CreditWise and USAA CMS). Lo' and behold, there it was! I was like...well aren't you the prettiest thing that just pushed my 5/24 goals further out 😄

LOL $13k seems really decent for a new biz card. Obviously your profile supports it and the offset is the personal reporting, but for someone who doesn't mind it that's not a bad place to poke around at

Re: Which Bank Biz Cards Report To Biz Credit Reports?

Anonymous — Wed, 20 Mar 2019 17:21:18 GMT

Just asked Navy Fed if their business cc report to any business bureaus... answer was NO.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Wed, 20 Mar 2019 18:58:57 GMT

Thanks @Mvcc! So we know NFCU doesn’t report to business, but are they reporting to the personal report (positive info, negative info, both or neither)? Do you know?

Re: Which Bank Biz Cards Report To Biz Credit Reports?

SouthJamaica — Wed, 20 Mar 2019 21:56:14 GMT

@credit_is_crack wrote:
Thanks @Mvcc! So we know NFCU doesn’t report to business, but are they reporting to the personal report (positive info, negative info, both or neither)? Do you know?

No. NFCU business card does not report to personal credit.

Re: Which Bank Biz Cards Report To Biz Credit Reports?

credit_is_crack — Thu, 21 Mar 2019 04:19:53 GMT

@SouthJamaica wrote:
@credit_is_crack wrote:
Thanks @Mvcc! So we know NFCU doesn’t report to business, but are they reporting to the personal report (positive info, negative info, both or neither)? Do you know?
No. NFCU business card does not report to personal credit.

Wow - so they are a true hidden trade line. Didn't know that. I added it to our list - thanks for confirming!

Re: Which Bank Biz Cards Report To Biz Credit Reports?

pizza1 — Thu, 21 Mar 2019 15:56:11 GMT

You need to take NFCU Biz OFF personal. It doesn't report anywhere.