topic Re: Business reporting to personal in Business Credit

Business reporting to personal

Anonymous — Thu, 16 Jul 2020 19:13:58 GMT

I am aware that certain business cards don't report month to month to personal credit. Is it true that these same cards do not report at all to personal as new accounts? Can I app for several business cards and not have them show up on personal credit reports or any review on me done by personal CC accounts? Thank you.

Re: Business reporting to personal

K-in-Boston — Thu, 16 Jul 2020 19:57:22 GMT

The answer really depends on the lender. Using Amex as an example, there would be a hard pull on your personal report (although unlikely with them if you have existing cards) but at no time would the card ever report to your personal reports unless the account were to become delinquent.

If there are specific cards you are considering applying for, let us know so that we can give you answers that are particular to that lender. Some cards will have no inquiry or reporting to EQ/EX/TU, others can have either or both.

Re: Business reporting to personal

Anonymous — Thu, 16 Jul 2020 21:44:38 GMT

@K-in-Boston I already applied to US BANK and PNC(personal inquiries from TU and EX). I am looking at CIti AA. Any advice on who else available pulls what from who would be great. Thank you.

Re: Business reporting to personal

Anonymous — Thu, 16 Jul 2020 21:47:12 GMT

@K-in-Bostonalso, I have five new personal cards about to report...is 6 pushing it? Thank you

Re: Business reporting to personal

Anonymous — Fri, 17 Jul 2020 00:47:02 GMT

@Anonymous wrote:
@K-in-Bostonalso, I have five new personal cards about to report...is 6 pushing it? Thank you

OK, so just because they don't report to your personal report doesn't mean they won't AR you and take AA because of stuff on your personal profile.

You might want to cool your jets for a bit- business and personal.

Re: Business reporting to personal

Anonymous — Fri, 17 Jul 2020 21:54:05 GMT

IMO 6 new acounts is pushing it in today's environment, unless your profile is bulletproof. So I would wait another 6 months before apping for another card.

If you're an existing Amex cardholder you might try them first when the time comes, or even USB. Previous personal relationship can help secure a BIZ product.

Re: Business reporting to personal

GApeachy — Mon, 20 Jul 2020 09:27:57 GMT

@Anonymous wrote:
I am aware that certain business cards don't report month to month to personal credit. Is it true that these same cards do not report at all to personal as new accounts? Can I app for several business cards and not have them show up on personal credit reports or any review on me done by personal CC accounts? Thank you.

This link has a good bit of info that might help you now or later:
https://ficoforums.myfico.com/t5/Business-Credit/Which-Bank-Biz-Cards-Report-To-Biz-Credit-Reports/m-p/5542736#M24994

Re: Business reporting to personal

SouthJamaica — Mon, 20 Jul 2020 14:04:39 GMT

@Anonymous wrote:
I am aware that certain business cards don't report month to month to personal credit. Is it true that these same cards do not report at all to personal as new accounts? Can I app for several business cards and not have them show up on personal credit reports or any review on me done by personal CC accounts? Thank you.

Most business cards do not report to your personal credit. Exceptions of which I am aware are: Capital One, TD Bank, and Discover.

The inquiries, however, will report.

Re: Business reporting to personal

audioman00 — Sun, 13 Sep 2020 01:51:05 GMT

"Some cards will have no inquiry or reporting to EQ/EX/TU"

@K-in-Boston other than Amex (for existing cardholders) and BB&T, what are some other business cards with no inquiry to personal and no reporting to personal?

Re: Business reporting to personal

K-in-Boston — Sun, 13 Sep 2020 20:18:14 GMT

@audioman00 wrote:
"Some cards will have no inquiry or reporting to EQ/EX/TU"

@K-in-Boston other than Amex (for existing cardholders) and BB&T, what are some other business cards with no inquiry to personal and no reporting to personal?

I don't know. Amex Business Platinum (my own and also one that I am an AU on for my actual job) and Amex SkyMiles Platinum Business are the only business cards I have had any experience with since my Diners Club (actual DC account, not cobranded MasterCard) and a CapOne business card were closed almost 20 years ago.

Re: Business reporting to personal

Red1Blue — Sun, 13 Sep 2020 20:51:17 GMT

Key Bank used to offer a Business Credit Card solely based on Business Credit and NO PG and did not report to Personal. I had one of those cards for the last StartUp I built few years ago. Check with Key Bank and see.

Re: Business reporting to personal

spiritcraft1 — Sun, 13 Sep 2020 21:10:30 GMT

FNBO is a good option, They report to EX and D&B but not personal.

Re: Business reporting to personal

Red1Blue — Sun, 13 Sep 2020 21:13:15 GMT

@spiritcraft1 wrote:
FNBO is a good option, They report to EX and D&B but not personal.

I tried to open an FNBO Business Secured Card. They do not seem to offer in NH. I have to do little bit more digging into it. Right now I am going to let D&B Scores / PayDex scores created first.

Re: Business reporting to personal

spiritcraft1 — Sun, 13 Sep 2020 21:47:41 GMT

The FNBO Biz secured also is offered through various other banks. Google "First National Bank business secured" and then you have to dig deeper to see who the actual issuer is. They start popping up on page 2.

They always have a $39 fee

This is one of many... https://www.asbhawaii.com/business/credit-cards/business-edition-secured-card

Re: Business reporting to personal

audioman00 — Sun, 13 Sep 2020 21:47:11 GMT

@spiritcraft1 Is FNBO a personal HP to apply?

Re: Business reporting to personal

spiritcraft1 — Sun, 13 Sep 2020 21:59:10 GMT

@audioman00 wrote:
@spiritcraft1 Is FNBO a personal HP to apply?

Yes, EX 09