What Business Credit Cards Don’T Report To Personal Credit

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What Business Credit Cards Don’t Report to Personal Credit?

In a world where our financial habits are constantly scrutinized, it can be difficult to separate business and personal finances. Many entrepreneurs and small business owners use personal credit cards to cover business expenses for convenience. However, this practice can have a negative impact on your personal credit score.

Fortunately, there are business credit cards available that do not report to personal credit bureaus. These cards allow you to build business credit without affecting your personal finances. Here’s a comprehensive guide to business credit cards that don’t report to personal credit.

Business Credit Cards and Personal Credit

Most traditional credit cards report your payment history, balance, and other information to personal credit bureaus. This information is used to calculate your credit score, which lenders use to determine your creditworthiness. If you have a high credit score, you’ll qualify for lower interest rates and better terms on loans and other forms of credit.

However, if you use a personal credit card for business expenses, your business activity will be reported on your personal credit report. This can negatively impact your personal credit score if you have high business expenses or if you make late payments on your business credit card.

Business Credit Cards That Don’t Report to Personal Credit

Business credit cards that don’t report to personal credit are a great solution for entrepreneurs and small business owners who want to separate their business and personal finances. These cards report your payment history and other information to business credit bureaus, but not to personal credit bureaus.

There are several benefits to using a business credit card that doesn’t report to personal credit. First, it can help you build business credit without affecting your personal credit score. This is important if you plan to apply for business loans or other forms of credit in the future. Second, it can help you keep your business finances separate from your personal finances. This can make it easier to track your business expenses and manage your cash flow.

How to Find a Business Credit Card That Doesn’t Report to Personal Credit

Not all business credit cards report to personal credit bureaus. When choosing a business credit card, it’s important to ask the issuer if the card reports to personal credit. You can also use a tool like Nav’s Business Credit Card Finder to compare different cards and find one that doesn’t report to personal credit.

Here are some of the top business credit cards that don’t report to personal credit:

1. Ink Business Cash® Credit Card
2. American Express® Business Gold Card
3. Chase Ink Business Preferred® Credit Card
4. Capital One Spark Business Card
5. Brex Business Card

Tips for Using Business Credit Cards

If you’re using a business credit card that doesn’t report to personal credit, there are some tips you should keep in mind:

• Make your payments on time. Late payments will hurt your business credit score and can result in fees.
• Keep your balance low. A high balance on your business credit card can also hurt your business credit score.
• Monitor your business credit report regularly. You can get a free copy of your business credit report from Dun & Bradstreet, Equifax, and Experian.
• Use your business credit card for business expenses only. Avoid using your business credit card for personal expenses, as this can lead to confusion and problems with your taxes.
• Get a business credit card with rewards. Many business credit cards offer rewards, such as cash back, points, and travel benefits. These rewards can help you save money on your business expenses.

FAQs About Business Credit Cards That Don’t Report to Personal Credit

Q: Why would I want a business credit card that doesn’t report to personal credit?

A: There are several benefits to using a business credit card that doesn’t report to personal credit, including:

1. Building business credit without affecting your personal credit score
2. Keeping your business finances separate from your personal finances
3. Qualifying for lower interest rates and better terms on business loans and other forms of credit

Q: How do I apply for a business credit card that doesn’t report to personal credit?

A: To apply for a business credit card that doesn’t report to personal credit, you’ll need to provide the issuer with information about your business, including your business name, address, and tax ID number. You’ll also need to provide personal information, such as your Social Security number and date of birth.

Q: What are the best business credit cards that don’t report to personal credit?

A: Some of the top business credit cards that don’t report to personal credit include:

1. Ink Business Cash® Credit Card
2. American Express® Business Gold Card
3. Chase Ink Business Preferred® Credit Card
4. Capital One Spark Business Card
5. Brex Business Card

Conclusion

Using a business credit card that doesn’t report to personal credit is a great way to build business credit and keep your business and personal finances separate. By following the tips above, you can use your business credit card wisely and avoid any negative impact on your personal credit score.

Are you interested in learning more about business credit cards and how they can help you build your business?

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