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Business Card Credit Score Penalty for High Utilization?

Business Card Credit Score Penalty for High Utilization?

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Old Feb 18, 19, 4:03 pm
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Business Card Credit Score Penalty for High Utilization?

With personal cards, it's said to be wise to keep your credit limit utilization under 30% to avoid negatively impacting your credit score. Does a higher utilization on a Chase business card similarly affect your personal credit score, or no?

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Old Feb 18, 19, 4:12 pm
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Chase does not report any information about business accounts to consumer credit bureaus, not even the existence of the account -unless- you default. The only clue that an account might exist is the credit inquiry when you applied.
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Old Feb 18, 19, 5:08 pm
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Originally Posted by mia View Post
Chase does not report any information about business accounts to consumer credit bureaus, not even the existence of the account -unless- you default. The only clue that an account might exist is the credit inquiry when you applied.
Not only Chase, but other CC companies too. But small business most often has personal guarantee. You personal credit file can be affected if the small business card goes bad.

There are also a set of true business credit reporting if this is real business.
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