When you open a business credit card account, you need to give a personal guarantee that you will repay the money that you borrow. So, if you pay on time and carry a relatively small monthly balance, this could positively impact your credit score. However, if you miss payments and carry a large amount month by month, your business credit card account could affect your credit history.
Note that companies have different policies, and some may not automatically report account activity. Thus, you should check with a provider before you apply, see the chart below for details; however this might not be the most up to date data .
*Capital One used to report all business credit card activity to the consumer credit bureaus. As of October 2020, the bank no longer reports credit activity to the consumer credit bureaus for its Capital One Spark Cash for Business credit card customers.
