Finance

Jan 22 2017

How Business Credit Cards Affect Your Personal Credit Score #sears #credit #card


#business credit score
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How Business Credit Cards Affect Your Personal Credit Score

A business credit card, whether your employer gives you one or you apply for one yourself. can impact your credit score, as you might imagine. But only negatively (when we’re talking about your personal credit history).

You don’t have to be a suit-wearing CEO to apply for a business credit card. In fact, you can… Read more Read more

Frugal Travel Guy explains:

Every month you’ll see each of your personal credit cards updated across your credit reports, including the balance at the time the creditor sent the information to each CRA and the state of your payments (on-time, etc.). For business cards, however, on-time payments won’t post on your credit report at all. But if you’re delinquent, expect the creditor to report that to each CRA.

This can also be true if your employer gives you a card in your name and misses payments, as the card will also go on your credit history, NerdWallet notes. So make sure you trust your employer before signing for that credit card.

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