Thursday, June 01, 2006
How to Choose a Business Credit Card - Credit Card Offers
"A business credit card is not all that different from a personal credit card. Business credit cards generally have a credit limit, and minimum monthly payments to pay. When lenders are deciding whether or not to extend a business credit to a company, they will look at the business owner's credit as well as anyone else's credit who will have permission to use the account."As I consult with new business owners they often ask me how they can get a corporate credit card with out it hurting their personal credit. Many of them do not understand that even if they do have to give their SS# in truth it will only drop their personal credit score a few points and the monthly payments will not show up on their personal credit report.What this means is initially it will affect their personal FICO score, but in the long run will not hurt their FICO score.









