how does a business card effect your personal file?

[slap_happy]

hey guys, I own a personal business as a sole proprietor using my own SSN, I have a few nice targeted business card offers, how would a business card under my own SSN effect my personal credit file? 

[bigblue7722]

---

@slap_happy wrote:

hey guys, I own a personal business as a sole proprietor using my own SSN, I have a few nice targeted business card offers, how would a business card under my own SSN effect my personal credit file? 

---

if you use your ssn it should report on your credit and help/hurt you

[slap_happy]

so It would report on my personal file since I would be using my SSN even though its a "business" card under a business name?

[bigblue7722]

---

@slap_happy wrote:

so It would report on my personal file since I would be using my SSN even though its a "business" card under a business name?

---

from what i have seen on credit reports yes it will. Im not 100% sure but sense you dont have a tax ID number and you are using you SSN you are held responsible therefore it show up on your credit. 

[slap_happy]

interesting, I think that might be a good thing for me, now on a side note, would I be able then to have a same card say like a amax gold business and personal?

[Jaylima91]

Yes, but the only problem would be that for both, Personal and Business, they are checking the same credit file since it's your ssn on file and not the Business Tax ID. They may approve both but be prepared to accept a denial. Recon is always an option but Amex recon chances are very slim.

[SevenNEW]

---

@slap_happy wrote:

interesting, I think that might be a good thing for me, now on a side note, would I be able then to have a same card say like a amax gold business and personal?

---

You really want to get a EIN. I got one online for DW, who is a sole proprietor of a small baking business. See here:

http://ficoforums.myfico.com/t5/Business-Credit/Business-Credit-101/td-p/108894

That will make it easy to separate personal credit and business credit file. Also, remember that Cap One reports business cards on your personal file.

Good luck!

[nachoslibres]

---

@bigblue7722 wrote:

---

@slap_happy wrote:

hey guys, I own a personal business as a sole proprietor using my own SSN, I have a few nice targeted business card offers, how would a business card under my own SSN effect my personal credit file? 

---

if you use your ssn it should report on your credit and help/hurt you

---

Depends on what bank it is - Chase business cards don't report to your personal file - at least not positively (i.e. they may report if you have lates or COs but I wouldn't know).    I received an HP when I applied for the Bold but it doesn't show up as a TL on my CR.