Question by jonnyz15: How come “business account” credit cards don’t help your credit?
I have a business credit card with a high credit limit, but this account does not show up on credit reports from all three crediting agencies. I asked the card issuer why this is, and they tell me that it will only show up if i have negative history (late payments, bankruptcy) but it does not show my on time payments or any sign i even have this available credit line in my name. I am trying to build good credit history, but this doesn’t even add into the evaluation of it, and it is the best thing i have going right now. Any one know why this is?
Best answer:
Answer by Luke 6:37 The same reason an authorized user on a card can be negatively affected if the card holder messes up.
It doesn’t make sense but that’s how they do it.
If the company runs into problems they have to have someone to turn to and that’s you. Being able to burn you if things go bad is their only leverage.
Know better? Leave your own answer in the comments!
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I’ve heard yes and no from people in the mortgage industry. I am looking to buy rental properties and would like to keep them off personal credit if at all possible just so I do not have huge installment debts listed under my credit history the further along I get into the business.
hi, i’m a secondary business credit card holder in a small company i’m working to. i would like to know if i could get a credit points in my credit history whenever i use it for business purpose (of course) or only my employer will accumulate the points?
I have a business credit card with a high credit limit, but this account does not show up on credit reports from all three crediting agencies. I asked the card issuer why this is, and they tell me that it will only show up if i have negative history (late payments, bankruptcy) but it does not show my on time payments or any sign i even have this available credit line in my name. I am trying to build good credit history, but this doesn’t even add into the evaluation of it, and it is the best thing i have going right now. Any one know why this is?
With Secured being the subject, i have a small business that has just started out right now my credit history is nil, i would like to get a secured small business credit card
Thanks But i need a secured or pre paid business credit card not a personal one
please help
