Corporate cards can't be transferred to an individual, Just like joint personal credit cards can't be put into one of the party's names while dropping the other party from the account.
Any lender that allows for sole prop, or start up businesses will issue a credit card to that person/business. All the mainstream lenders, regardless of small business business structure, sole prop, LLC, S-corp, etc... base approvals on a PG, personal credit history and scores.
While a bit unusual, it's possible the company he worked for allowed him to keep the card while requiring him to reimburse them for his spend. What's more likely is he could have said for example, he had a consulting business structured as a sole prop using his SSN. Any type of side gig can be turned into a "business".
@Cblough93 wrote:My grandfather has a chase ink card but he was retired and did not own a business.
he was a CFO at one point, and I'm sure he had a corporate credit card as a result of that. And maybe he was allowed to keep the card, but he just had to pay the bill himself after he left? I have no idea how stuff like that used to work. Im pretty sure I would not be allowed to keep my corporate card after I left even if they transferred the card and the bills over to my name
The Ink card isn't a corporate card. It's considered a business card, which is different.
It's supposed to be just for business, but Chase for some reason doesn't seem to care.
