Might be time to sticky a thread consisting of nothing but links to myFICO forums biz credit threads.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit? FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Regarding credit score and business cards I found that my business card balance never shows up on my personal credit report. That's great since I have a zero bal on my personal cards but several thousand on my bus card. I suggest trying Advanta, no annual fees, reasonable rates 6.9% - 8.9%
Like every cc you have to make sure you make the payments on time. I think the rate jacking for late or missed payments are disgusting however I will admit that the disclosure is all there for someone to read. If you have to leave a balance then you have to leave a balance. I'm constantly offered bal trans at 6.9%. But since my other cc's are zero I never take advantage of them.
I've had an S-corp for 7 years and I've never checked it. I guess I'd better get online and do it. Dang, what a waste of time. One thing though, can you just go online and start accounts (the Net30) like in Office Depot or do you actually have to go in a branch and fill out forms?