Adam McCann, Financial Writer
@adam_mcan
No, Wells Fargo business credit cards do not report to the personal credit bureaus. Information about Wells Fargo business credit card accounts will not appear on your personal credit report and cannot have any impact on your personal credit score.
On the other hand, Wells Fargo business credit cards do report information to the business credit bureaus, so using your card responsibly can help you build business credit. Having a good business credit score can help your business get approved for future loans or lines of credit, as well as get better terms from suppliers.
You can learn more about business credit reports and scores right here on WalletHub. Also, you can see daily updates to your personal credit score and credit report.
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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 ModeratorDo 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, WriterDoes business credit affect personal credit?
Your personal credit standing is always going to be far more important than your business credit standing, even when you apply for a card branded for business use because credit card companies hold business credit card users personally liable for any debt they incur. It is therefore important to maintain a responsible use by paying your debt on time and staying under your credit limit, as this will improve both your personal and business credit...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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