Adam McCann, Financial Writer
@adam_mcan
Yes, Bank of America business credit cards do report to personal credit bureaus, but only when you’re seriously delinquent on payment. This type of negative information could appear on your personal credit report from Equifax, Experian and TransUnion, hurting your personal credit score as a result. Unfortunately, using the card responsibly won’t provide any boost to your score.
Bank of America Business Credit Cards & Business Credit Bureaus
Bank of America will also report positive and negative information about your card to the business credit bureaus, which can help you build business credit if you use the card wisely. Having a good business credit score can help your business get approved for future loans or lines of credit, as well as better terms from suppliers. You can learn more about business credit reports and scores on WalletHub.
You can see daily updates to your credit score and credit report for free right here on WalletHub.
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People also ask
Which business credit cards do not report to personal credit bureaus?
There are plenty of business credit cards that don’t report to personal credit bureaus, including all Bank of America, U.S. Bank, Citi, and Wells Fargo business credit cards. A few other issuers, including American Express and Chase, will report only negative information or severe delinquency to personal bureaus.
When a business credit card doesn’t report to personal credit bureaus, it means you can’t build personal credit with the card. However, it also means your personal credit score cannot be...
read full answer by Evelyn Boros, Credit Cards ModeratorWhat credit score is needed for a Bank of America Business credit card?
You need a credit score of 750+ to get a Bank of America business credit card in most cases. That means applicants generally need excellent credit in order to qualify for a business credit card from Bank of America.
Having a high enough credit score is not a guarantee that your application will be approved. Even though your credit score can serve as a risk indicator to the credit card company, letting it know how likely it is that...
read full answer by Tillie Grey, MemberDo business credit cards check personal credit?
Yes, most business credit cards check personal credit because almost all business credit cards require a personal guarantee. This means the cardholder is liable for any balance the business can’t pay, so issuers need to ensure that applicants can make the payments if necessary.
While it is possible to get a business card that doesn’t check your personal credit, these are usually only for large corporations that make $10+ million in annual revenue. However, there...
read full answer by Theresa Chalfant, WriterDid we answer your question?
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