New to MYFICO - Does a company card help build credit?

[Michigan23]

Hello All,

  Just wanted to check if a company corporate card would rebuild credit? (AMEX)

I have a $3K limit on my AMEX,  use it regularly on trips.. and pay eveything off in time. 

I have had this card for about 6 months.

[Michigan23]

Also, this is the only CC i have. 

I do have a CS of about mid 500 .. 3 years ago i had a couple medical emergincies within two weeks.. 3 surgeries... no insurance. Does medical debt hurt my overall score?

I have read most of the entry "new user" threads within the past our, excuse me if i missed something.

Thanks!

[Michigan23]

Bump 

[DaveSignal]

It depends if it reports on your credit reports.   My government card does not, even though I am responsible for the bill.  It does not help my credit in any way, but will start reporting negatives and hurt my credit if I don't pay it.

[guiness56]

Is it on your CR?

[Michigan23]

Sorry i did not see "CR" on the abbreviation page.

[DaveSignal]

The answer to your question, which I posted above, is "it depends".  If the account is not on your credit report (CR), then no, it is not helping you in any way.

[C_DUBYA]

I ahve a word card in my name, and it does not report to CA under my name.

[guiness56]

CR is credit report.

If the card does not report to the credit bureaus it will not help your score.

[wHiTeSoL]

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@C_DUBYA wrote:

I ahve a word card in my name, and it does not report to CA under my name.

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Yup, same here. Does not show on my credit report so it doesn't help, and since you dont have any other cards you are going to want to get 1 or 2 to start rebuilding. Even if you dont use them very often!