Thinking about applying for a business card for my rental unit. I'd apply for it as a sole proprietor with my SS#. How will this impact my credit score? I assume the company will use my current credit score to determine my eligibility for the business card, yes? Any reason not to do this?
Thanks!
Business card impact on credit score (sole proprietor)
Re: Business card impact on credit score (sole proprietor)
This is how it worked for my business card(s). They did not care about the business at all and I do not recall providing any documentation. I tried to be honest and used my own name and wrote "N/A" for the separate name of my business. So all the cards came with "NA" embossed on the front.
I can't answer the rest of the question.
"I mean, it's one banana, Michael...what could it cost? Ten dollars?"
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Re: Business card impact on credit score (sole proprietor)
I have a Costco business credit card (Citicard) as a sole proprietor for a home business (second job). We use it for all purchases at Costco, but nowhere else. That credit card does not show up on my credit report on Credit Karma (Equifax and Transunion)
Re: Business card impact on credit score (sole proprietor)
Interesting. I guess I'll just have to get one and see what happens.MrTimewise wrote: ↑Tue Sep 18, 2018 2:49 pm I have a Costco business credit card (Citicard) as a sole proprietor for a home business (second job). We use it for all purchases at Costco, but nowhere else. That credit card does not show up on my credit report on Credit Karma (Equifax and Transunion)
Thanks!
Re: Business card impact on credit score (sole proprietor)
Perhaps this is helpful (or not)fortfun wrote: ↑Mon Sep 17, 2018 9:02 pm Thinking about applying for a business card for my rental unit. I'd apply for it as a sole proprietor with my SS#. How will this impact my credit score? I assume the company will use my current credit score to determine my eligibility for the business card, yes? Any reason not to do this?
Thanks!
https://thepointsguy.com/guide/business ... al-credit/
Remember when you wanted what you currently have?
Re: Business card impact on credit score (sole proprietor)
Very helpful. Thanks freefun!Freefun wrote: ↑Tue Sep 18, 2018 3:53 pmPerhaps this is helpful (or not)fortfun wrote: ↑Mon Sep 17, 2018 9:02 pm Thinking about applying for a business card for my rental unit. I'd apply for it as a sole proprietor with my SS#. How will this impact my credit score? I assume the company will use my current credit score to determine my eligibility for the business card, yes? Any reason not to do this?
Thanks!
https://thepointsguy.com/guide/business ... al-credit/