Which Bank Biz Cards Report To Biz Credit Reports?

[bizcredit11]

@jaxstraw 

Thanks for your data point, but how were you able to determine it was Citi and how are you able to see your Equifax business reports?

bizcredit11

[jaxstraw]

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@bizcredit11 wrote:

@jaxstraw 

Thanks for your data point, but how were you able to determine it was Citi and how are you able to see your Equifax business reports?

bizcredit11

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I applied for a Citi AA Biz card not too long ago and was denied.

Called up reconsideration upon receiving the letter that said I was denied due to a derogatory account on my Equifax report.

Well my EQ personal is clean and score is near 790 so I figured they got something wrong.

The rep informed me although they pulled EQ personal they also pull EQ biz.....and that's where they derog was.

I know EQ biz report has some kind of issue because my free NAV account shows it with a 'D' score.

I could pay EQ Biz $99 and pull the report to see what they are reporting as derog and probably will sometime in the future to dispute it.

[AceTen]

*Bump* so I can find this thread later. 

Thanks for the wonderful information.

[RealEstateGuy89]

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@credit_is_crack wrote:

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@LittleSal wrote:
@credit_is_crack

Can you add Synchrony Bank to the chart? I have a Lowe’s business card from Sync and trying to figure out who they report to.

Thanks

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@LittleSal, you know I didn't even know they offered biz cards. I did go poking around on their website and found the below, but also found quite a few stories of folks trying to get these cards because they are 'hidden' tradelines, leading me to believe they don't report anywhere. However I cant find anywhere that talks about if they do/do not report, or specifically which biz cards they offer. Which biz card were you looking at?

Does anyone have any experience with a Synchrony Business Card - do they report to personal and/or business credit reports? If so, what activity do they report -- all activity or just negative, or neither?

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Hello CreditIsCrack:

I love your name btw!  I have 3 or 4 business credit cards or credit lines with Synchrony for my business and I believe they are all reporting to some of the business credit bureaus. I will have to check to see which ones each of them is reporting to and when I find out, I will try to remember to report it back here ASAP. They haven't reported to my personal credit reports and I'm pretty confident that they won't ever report there. 

So far I have these:

Sam's Club Regular Card: $8000 credit line

Amazon Business Line of Credit: $7500 credit line 

Sam's Club MasterCard: $12,000 credit line

I have opened up quite a few business credit cards and lines this past summer and I think there might be another Synchrony card or credit line that I can't think of right now, so I will have to check our bookkeeping records to see if there is one and what it is. I thought getting approved and setting these accounts up was very easy and the credit lines are what the accounts came with. I have not requested any credit line increases or suggested any starting credit line amounts. 

So far I have had a great experience with these accounts at Synchrony. Service has been good and accounts are working great.  

[credit_is_crack]

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@RealEstateGuy89 wrote:

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@credit_is_crack wrote:

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@LittleSal wrote:
@credit_is_crack

Can you add Synchrony Bank to the chart? I have a Lowe’s business card from Sync and trying to figure out who they report to.

Thanks

---

@LittleSal, you know I didn't even know they offered biz cards. I did go poking around on their website and found the below, but also found quite a few stories of folks trying to get these cards because they are 'hidden' tradelines, leading me to believe they don't report anywhere. However I cant find anywhere that talks about if they do/do not report, or specifically which biz cards they offer. Which biz card were you looking at?

Does anyone have any experience with a Synchrony Business Card - do they report to personal and/or business credit reports? If so, what activity do they report -- all activity or just negative, or neither?

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Hello CreditIsCrack:

I love your name btw!  I have 3 or 4 business credit cards or credit lines with Synchrony for my business and I believe they are all reporting to some of the business credit bureaus. I will have to check to see which ones each of them is reporting to and when I find out, I will try to remember to report it back here ASAP. They haven't reported to my personal credit reports and I'm pretty confident that they won't ever report there. 

So far I have these:

Sam's Club Regular Card: $8000 credit line

Amazon Business Line of Credit: $7500 credit line 

Sam's Club MasterCard: $12,000 credit line

I have opened up quite a few business credit cards and lines this past summer and I think there might be another Synchrony card or credit line that I can't think of right now, so I will have to check our bookkeeping records to see if there is one and what it is. I thought getting approved and setting these accounts up was very easy and the credit lines are what the accounts came with. I have not requested any credit line increases or suggested any starting credit line amounts. 

So far I have had a great experience with these accounts at Synchrony. Service has been good and accounts are working great.  

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Thanks for the notes @RealEstateGuy89 when you get a chance to check if/where they're reporting let us know and I can update the grid no problem. 

[GApeachy]

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@credit_is_crack wrote:

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@RealEstateGuy89 wrote:

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@credit_is_crack wrote:

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@LittleSal wrote:
@credit_is_crack

Can you add Synchrony Bank to the chart? I have a Lowe’s business card from Sync and trying to figure out who they report to.

Thanks

---

@LittleSal, you know I didn't even know they offered biz cards. I did go poking around on their website and found the below, but also found quite a few stories of folks trying to get these cards because they are 'hidden' tradelines, leading me to believe they don't report anywhere. However I cant find anywhere that talks about if they do/do not report, or specifically which biz cards they offer. Which biz card were you looking at?

Does anyone have any experience with a Synchrony Business Card - do they report to personal and/or business credit reports? If so, what activity do they report -- all activity or just negative, or neither?

---

Hello CreditIsCrack:

I love your name btw!  I have 3 or 4 business credit cards or credit lines with Synchrony for my business and I believe they are all reporting to some of the business credit bureaus. I will have to check to see which ones each of them is reporting to and when I find out, I will try to remember to report it back here ASAP. They haven't reported to my personal credit reports and I'm pretty confident that they won't ever report there. 

So far I have these:

Sam's Club Regular Card: $8000 credit line

Amazon Business Line of Credit: $7500 credit line 

Sam's Club MasterCard: $12,000 credit line

I have opened up quite a few business credit cards and lines this past summer and I think there might be another Synchrony card or credit line that I can't think of right now, so I will have to check our bookkeeping records to see if there is one and what it is. I thought getting approved and setting these accounts up was very easy and the credit lines are what the accounts came with. I have not requested any credit line increases or suggested any starting credit line amounts. 

So far I have had a great experience with these accounts at Synchrony. Service has been good and accounts are working great.  

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Thanks for the notes @RealEstateGuy89 when you get a chance to check if/where they're reporting let us know and I can update the grid no problem. 

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Synchrony Lowes for Pros reports to Exp Biz. Synchrony Amazon LOC reports to Exp Biz, none of which reports to personal...unless you majorly screw up.  We've had both for over three years and synchrony reports monthly without fail. You will find last 4 digits of acct. Number, balance, and whether you go beyond 30 days. Hope this helps.

[credit_is_crack]

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@GApeachy wrote:Synchrony Lowes for Pros reports to Exp Biz. Synchrony Amazon LOC reports to Exp Biz, none of which reports to personal...unless you majorly screw up.  We've had both for over three years and synchrony reports monthly without fail. You will find last 4 digits of acct. Number, balance, and whether you go beyond 30 days. Hope this helps.

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Thanks for the additional insight @GApeachy 

I removed EQ from the positive activity list, but left it on the negative activity list

[JimmiS]

If the "business loan" only reports to personal credit, then it's just a personal loan masquerading as a business loan. Isn't that considered false advertising? Or with businesses, is it buyer beware (caveat emptor) even with financial products?

[credit_is_crack]

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@JimmiS wrote:

If the "business loan" only reports to personal credit, then it's just a personal loan masquerading as a business loan. Isn't that considered false advertising? Or with businesses, is it buyer beware (caveat emptor) even with financial products?

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Hi @JimmiS are you talking about a specific lender? It wouldn't be false advertising as no bank has any legal requirement to report any activity to any CRA, but some will chose to report to personal only since it cost less than paying for Personal and Business reporting, and they likely already had an existing relationship with personal CRA's. 

That's one way to see it, but chances are the terms of the agreement are quite different than standard personal loans. For those looking to establish business credit, they'll usually stay away from these "personal only reporting" cats

[blackfines1]

having 2y of discover business card , i can confirm discover business doesnt report to Dnb or experian biz. Maybe SBFE  but definite not on experian biz