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I was recently approved for the chase ink bold for my sole prop. I understand it will not report on my personal credit report (unless I miss payments etc). My question is does this card report anywhere else on behalf of the business that would help my business build up its credit rating in case I want to get other biz cards in the future with different lenders.
@red259 wrote:I was recently approved for the chase ink bold for my sole prop. I understand it will not report on my personal credit report (unless I miss payments etc). My question is does this card report anywhere else on behalf of the business that would help my business build up its credit rating in case I want to get other biz cards in the future with different lenders.
+1
I have a Chase Cash card, and have had it for a good while now. I'd look to see if they reported, if I had any idea where to even look? Business CR seem pretty pricey so I dont want to go buying stuff to see I have nothing reporting on that particular report! :-)
Yes. Although you may have secured the card with a guarantee from your personal credit, it still becomes part of your business profile. You may not be able to view it without a TIN or DUNS number associated with it, but potentional lenders/creditors will be able to.
@red259 wrote:I was recently approved for the chase ink bold for my sole prop. I understand it will not report on my personal credit report (unless I miss payments etc). My question is does this card report anywhere else on behalf of the business that would help my business build up its credit rating in case I want to get other biz cards in the future with different lenders.
Correct, doesn't report to personal credit report besides the inq and if you become delinquent.
Yes, it does report to the business exchange which goes to DNB. It helps establish business credit.
@SamsungHDTV wrote:
@red259 wrote:I was recently approved for the chase ink bold for my sole prop. I understand it will not report on my personal credit report (unless I miss payments etc). My question is does this card report anywhere else on behalf of the business that would help my business build up its credit rating in case I want to get other biz cards in the future with different lenders.
Correct, doesn't report to personal credit report besides the inq and if you become delinquent.
Yes, it does report to the business exchange which goes to DNB. It helps establish business credit.
If i wanted to check my business credit history and score, particually where my Chase Ink is reported...where would I look?