Will Apply a Business Credit Card Affect My Personal Credit Score?

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  verio on 04/01/2021 - 21:11

  +1

  It depends (the universal answer, hey).

  There are different types of business credit cards and most of them will actually affect your credit score because a bank will assess your assets and will have you as a guarantor. However, some banks (in my experience it was NAB) don't do that and even for a simple business credit card assess only the business (e.g. the company) finances.

  You can understand that based on a credit card application process, if a bank starts asking questions about your personal finances - then there is a good chance that your personal credit score will be affected.

  • 

    noodlefan on 05/01/2021 - 11:38

    Thanks for it

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  Mechz on 04/01/2021 - 22:09

  You should probably ask the credit provider for the most accurate answer.

  • 

    noodlefan on 05/01/2021 - 11:40

    Thanks, I doubt can get an accurate answer.

    • 

      avoidfullprice on 05/01/2021 - 12:56

      You can ask if they do a credit check on you vs does it affect your score.

      This is not that unique of a case so I feel they will give you straight answer.

      I applied for corporate CC to use for company expenses before. It did not show up on my record (but does not mean they didn't do a credit check on me).

      It would be interesting to find out if there is a credit score for business entity. The loan itself may have a rating (e.g. S&P AA)