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Which Bank Biz Cards Report To Biz Credit Reports?

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Valued Contributor

Re: Which Bank Biz Cards Report To Biz Credit Reports?


@LauraC wrote:

 

This is my concern...I have a few new biz cc's and not sure how to use them w/o messing up utl%.  So far, 2 of our new cards don't report to personal but they are store business cards (not mc or visa).  Lowes biz, Staples biz and Dell......but what about Cap1 Spark?  It will report the positive to both personal and biz, right?  So we need to make sure to pif in the usual manner (correct?) but if it's a 0 bal. from month to month will our biz reports reflect that or not at all?  I just don't understand the biz scoring.

Hi @Laurachrissy -- you nailed it. There are some business cards that report like a regular personal card on your reports and the Cap1 is one of them. If you're wanting to mainain UTI then keeping it below 30% when it cycles over is a good start, keeping it below 9% is your best option if you're going to have a balance on it. Some folks steer clear of these banks that report to personal because it hinders you from using it like you need. 

 

You're biz reports will pick up all that info as well so it will show your activity which is good for your biz reports. It's just a nuisance to have to manage the UTI since it shows on the personal report. 

Message 61 of 66
Established Member

Re: Which Bank Biz Cards Report To Biz Credit Reports?

FYI, interestingly, the ANA credit card (by FNBO) offering page has the credit card with a Visa Business logo (as pictured below). Is that an error? Never noticed that before. Does anyone know if the ANA credit card is reported to personal credit bureaus? I tried calling FNBO CS to ask them, and they confirmed that it has the Visa biz logo on the card, but didn't know if it actually IS a biz card. Weird, right? Prestige, which also handles the application process, didn't know much either. Screen Shot 2019-06-17 at 9.34.33 AM.png

Message 62 of 66
Established Contributor

Re: Which Bank Biz Cards Report To Biz Credit Reports?

I have been trying to figure out where my credit union’s (BECU) business card reports to. No one I contacted seems to know.
I just returned from financial hell. Don't go, the brochure is a lie.
Message 63 of 66
Valued Contributor

Re: Which Bank Biz Cards Report To Biz Credit Reports?

Funny how we apply for biz credit and can't get them all to report.  I just got off the phone with Cap1 to ask them to report to the bureaus.  He didn't know why they hadn't shown up on our reports but said to call back and open a dispute in about 10 days if it hasn't.  

Is there a Transunion biz report also?  He said they report to exp biz, eq biz, and tu biz.  I have pd. subscriptions for Eq biz and Exp.biz but never found a tu biz.  Good luck with the credit build guys/gals.

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Message 64 of 66
Established Contributor

Re: Which Bank Biz Cards Report To Biz Credit Reports?


@Morpho wrote:
I have been trying to figure out where my credit union’s (BECU) business card reports to. No one I contacted seems to know.

It's quite possible that it doesn't report at all unless you get derogatory information.

Jax

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Message 65 of 66
Valued Contributor

Re: Which Bank Biz Cards Report To Biz Credit Reports?


@jaxstraw wrote:

@Morpho wrote:
I have been trying to figure out where my credit union’s (BECU) business card reports to. No one I contacted seems to know.

It's quite possible that it doesn't report at all unless you get derogatory information.


+1, 

 

Not all these business cards report anywhere until it goes south. BECU could be one of those gems

Message 66 of 66
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