How Business Credit Cards Build Business Credit
Whenever anyone applies for a credit card, there’s always a key question they ask — how will it impact my credit? That question is doubly complicated when it comes to business credit cards, as business credit cards may impact your personal and/or business credit scores.
Most business cards report to business credit reporting agencies which can help build business credit.
Getting a card from credit card issuers that report can help ensure you’re building your business credit profile with all major bureaus. However, it also means that if you default, pay late or have other negative information on the card account, it can have a negative impact on your business credit score. Below are some quick tips that may help improve business credit with your business credit card.
Select a Card that Reports to Business Bureaus
It may seem obvious, but selecting a card that helps you build business credit means choosing one that reports to business credit bureaus...
Pay on Time
Consistent on-time payments are crucial to building a positive business credit profile...
Monitor Business Credit Scores
Keeping an eye on accounts that appear on your reports is vital...
Types of Business Credit Cards
Choosing a business credit card can feel overwhelming but ultimately the decision boils down to what’s right for your business and its goals.
Who is Eligible to Apply for a Business Credit Card?
The vast majority of business credit card issuers make the decision to issue personal credit cards based on a personal credit score and income...
How to Apply for a Small Business Credit Card
The process of applying for a small business credit card is very similar to that of applying for a personal credit card...
Find the Right Credit Cards
Now, on to the business credit card selections!
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