topic Multiple Biz and Reallocation Question in Business Credit

Multiple Biz and Reallocation Question

Xanthos472 — Wed, 09 Oct 2024 01:41:52 GMT

Sorry if the title is a little misleading. So for y'all that have

1. Multiple businesses and

2. Credit cards for both (or more) with issuers that allow reallocation;

do they allow CL shifting between, say, CIU/Biz A and CIU/Biz B?

Sorry, I'm tired. And when I'm tired, my mind starts to wander down rabbit holes 🕳 🙃

Re: Multiple Biz and Reallocation Question

cashorcharge — Wed, 09 Oct 2024 17:03:55 GMT

Typically, issuers will allow this...assuming the Corp Structure (EIN or other details is the same) then it can be done. If it's 2 different businesses, that is typically not allowed. However, if you have personal and business...some do allow reallocation from personal to business as well....to keep that debt your moving around to be hidden from your personal CB. However, it should also be noted they typically don't move from Business to back to Personal.

Re: Multiple Biz and Reallocation Question

Xanthos472 — Wed, 09 Oct 2024 21:32:31 GMT

Thanks @cashorcharge Mostly just wondering about Biz#1>Biz#2 with each having a different EIN; sounds like this wouldn't work but figured someone might have attempted it.