Business Credit Card Questions For Credit Unions

Anonymous · ‎08-05-2017

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?

Anonymous · ‎08-05-2017

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!

Anonymous · ‎08-05-2017

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?

Anonymous · ‎08-05-2017

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

Anonymous · ‎08-05-2017

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.

Anonymous · ‎08-05-2017

Thank you Irish80

Anonymous · ‎08-08-2017

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.

pizza1 · ‎08-23-2017

@Anonymous 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?

Anonymous · ‎08-27-2017

Are we not personal guarantors for the business credit cards?

Anonymous · ‎08-27-2017

@Anonymous wrote:
Are we not personal guarantors for the business credit cards?

99% of the time, yes we are.