Re: Why does my business CC appear on my personal ... - Page 2 - myFICO® Forums

GApeachy · ‎05-08-2019

Interesting, We applied based on this: Two for the price of one...meaning (2x= business & personal report for 1 card) We are in the re-build process so it made since to us. Since there have been a couple of business cc denials, with this on our personal reports as well as business report, I am hopeing this will show we have business credit and future apps/creditors will follow suit.

My Take Home Pay Don't Take Me Home

Anonymous · ‎05-10-2019

There could be an upside of this for you. It's generally much easier to get high credit limits on business cards and that will look good on your credit profile. My spark biz is now at 150K limit, and that has substantially increased my credit profile.

Capital One has a new product that is a charge card for business (I don't recall the product name) -- not sure if it reports to personal but you may want to inquire about it.

GApeachy · ‎05-10-2019

@Anonymous wrote:
There could be an upside of this for you. It's generally much easier to get high credit limis on business cards and that will look good on your credit profile. My spark biz is now at 150K limit, and that has substantially increased my credit profile.

Capital One has a new product that is a charge card for business (I don't recall the product name) -- not sure if it reports to personal but you may want to inquire about it.

Would you share your sl and whether cli's are auto or self initiated? Also, how long have you had the card?

My Take Home Pay Don't Take Me Home

Anonymous · ‎05-10-2019

@GApeachy wrote:
@Anonymous wrote:
There could be an upside of this for you. It's generally much easier to get high credit limis on business cards and that will look good on your credit profile. My spark biz is now at 150K limit, and that has substantially increased my credit profile.

Capital One has a new product that is a charge card for business (I don't recall the product name) -- not sure if it reports to personal but you may want to inquire about it.
Would you share your sl and whether cli's are auto or self initiated? Also, how long have you had the card?

I don't recall the starting limit on that particular card as they all blur together now, but I believe it was 20 K. It was all self initiated and mostly based on need due to how much my business spends. I also have a pretty solid credit profile with other cards with decent limits so I'm sure that helped quite a bit. I've had this card for a little over 2 years. Business ramped quickly on it and we were paying the card off every week so there was a demonstrated need for a higher limit along with the financials to prove it was low risk for Capital One. Once you get to a certain limit threshold (I think it's 50 K), an underwriter has to look at it.

851 · ‎05-23-2019

Well, I'm glad I looked at this thread .... was considering a cap one card, but I'm pretty hardlined about separation of my personal and business worlds.

What happens if I let my employees get accounts? They each get a credit reporting opportunity? hmm actually. some folks (fresh out of college) might see this as a perk for working here. Now I've gotta think this over...

GApeachy · ‎05-24-2019

delete

My Take Home Pay Don't Take Me Home

Anonymous · ‎09-20-2019

I found that out the hard way a few years ago. I just try to limit my exposure going forward. I believe its reporting to both personal and business. Mostly personal.

BronzeTrader · ‎09-20-2019

This is the reason a lot people do not apply for Cap1 biz CCs.

BronzeTrader · ‎09-20-2019

@Anonymous wrote:
There could be an upside of this for you. It's generally much easier to get high credit limits on business cards and that will look good on your credit profile. My spark biz is now at 150K limit, and that has substantially increased my credit profile.

I doubt that high CLs can increase the credit profile. To me, it is a liability. I always call to decrease my CLs to no more than $30k each. CC banks want to extend the credit line to make $$. If the CLs are not being used, then banks want to take back since the CLs still use its resources and are still possible exposures.

SouthJamaica · ‎09-22-2019

@Anonymous wrote:
I don’t understand why my business Capital One Spark CC appears on my personal CR. When I opened it I opened it in the business name? Is there anyway I can change this?

Because Capital One is an idiot bank.

Business cards from Capital One, Discover, and TD Bank all report to personal credit. I know of no other business credit card that reports to personal credit.