How come "business account" credit cards don't help your credit?

jonnyz15 · #1 (**permalink**) 01-24-2008, 05:23 PM

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?

min77ion · #2 (**permalink**) 01-24-2008, 05:24 PM

Some do and some don't.....Need to clarify this before getting the card.........

chuff1026 · #3 (**permalink**) 03-05-2008, 01:16 PM

most of them do not help your personal or business credit

its pretty lame
they will only report to both personal and business credit bureaus if you have negative activity...

dilruk · #4 (**permalink**) 11-03-2008, 06:46 AM

Quote:

Originally Posted by jonnyz15

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?

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.