I just received a bit of junk mail from Capital One soliciting for their commercial credit card. I realize the inquiry will go on my report(s), but does anyone know if they report the commercial card month-to-month to the bureaus? Frankly, I would like an unreported credit line since I have too many reported lines already. Thoughts? Doc
As Willgator said, no reporting, but no decent limits either. My wife and I got 500 and 1000 from Cap 1 (about 1/20 of other CLs). Cap 1 responded by saying they were simply more conservative than many other issuers.
Interesting -- so Capital One does not report the commercial cards, but on the other hand they're darned stingy with their LOCs. My Equifax FICO is 773 (with some downward fluctuation if the score is pulled while a balance is reported by Chase or Citibank) -- I wonder if that will have any bearing. (In early 2001 before Creditnet, that same score was 564, so my success in that regard is directly attributable to this board of course.) Doc
I'm starting about where you started with my fiance's credit. I only pulled one score (from eloan) and it was 563. I'm not paying for another score report until I get a couple more things off, but I just started this in May of this year. It's good to know that we could conceivably be in the 700's in another year or two.
Re: Re: Does Cap1 report commercial card? Their promotional brochure promises LOCs up to $20k, but perhaps that's baloney. I think I'll stay away. I'd like a business credit card that won't report (to avoid the FICO fluctuations) with a line of at least $10k-$20k. SoParkDiva, what would you recommend? Doc
Re: Re: Re: Does Cap1 report commercial card? Citibank, Chase, Bank One. Those are good business cards but make sure they don't report before you apply.
Re: Re: Re: Does Cap1 report commercial card? we have business cards with C.one and we got them to combine credit limits on 2 cards through PFB. It's 5900. They don't report and our apr is 10%. We also have Bank of America. They also don't report. Apr is also 10%. However our fico is not as good as yours
Re: Re: Re: Does Cap1 report commercial card? DOC If your serious which I dought amex blue for biz gave me 22,900 out of the blocks and doesn't report also the quicken biz card is a crowd fav .....me, manny ,mark la ...big cls
Re: Re: Re: Does Cap1 report commercial card? Doc, AmEx Blue for Business is your choice. I've got one too and they don't report. Just forget everything else.
Re: Re: Re: Does Cap1 report commercial card? Great advice. Well, a colleague recommended Bank of America today, so I applied by phone, however the guy told me that since I didn't have an offer number (from a promotional mailing, I guess) that I would have to wait 5-7 days for the result by mail. We shall see! I should have waited for the great advice here -- I may still apply for AmEx Blue for Business given the wholehearted rec afforded by will and Plat here. Thanks again, will keep everyone posted. Doc
Re: Re: Re: Does Cap1 report commercial card? But, do the buiness cards not report to Dun & Bradstreet? This is new to me, this particular business card info. How is it that these cards don't report to the Big 3 if not even to D & B? Do they put it in writing? Am not shopping, but very curious.
Re: Re: Re: Re: Does Cap1 report commercial card? The business cards don't report to the big 3 because the big 3 are consumer credit bureaus.
moneyelf, When people mention "reporting" here, they're almost always referring to reporting to the Big 3 consumer CRA's. Few people would mind business cards reporting to business CRA's, so it just isn't an issue... ...unless you're TRYING to establish a business credit file, in which case the best way to make sure it gets reported is to make sure the application asks for a business tax ID number.
Re: Does Cap1 report commercial car Doc - out of all my biz cards - Bofa gave me the highest intial cl - 35K. After bofa - i'd recommend either chase or amex - both of them also gave farily high initial cls. Interesting tidbit regarding Chase and Amex: I applied for a second biz card from both companies after about 6 months. Chase's second biz card was approved for a higher cl than the first (25K - the first card was 18K) Amex's second biz card was approved for a lower cl than the first (10K - the first was 20K). my scores were about the same on both cras (TU and Eq)
