22 replies to this topic

[dodgerduck]

Hi,

I was able to obtain numerous business credit cards from citi, barclays, discover, and amex recently. I was just wondering if these cards report to DNB, experian, etc. to build stronger business history hoping to obtain larger lines down the road.

Thank You for your time

DD

[direct]

Hi,

I was able to obtain numerous business credit cards from citi, barclays, discover, and amex recently. I was just wondering if these cards report to DNB, experian, etc. to build stronger business history hoping to obtain larger lines down the road.

Thank You for your time

DD

Most but not all report to Experian Business and Equifax. Most do not report to DNB unless you default, then they appear like cockroaches. The ones that require a PG may also report to your personal reports such as Capital One.

[nocash]

Discover reports to personal, also. Haven't had Chase or Citi report to personal.

[nocash]

Discover reports to personal, also. Haven't had Chase or Citi report to personal.

Also haven't had Amex report to personal.

[PGsux]

My BIZ AMEX does not report to personal. It does report to Equifax Biz.

[sully1975]

So a Chase INK for Business and an AMEX PLUM show up on what report intially?

[jbarrington]

So a Chase INK for Business and an AMEX PLUM show up on what report intially?

This is what I want to find out too! No answers?

I couldn't care less about a $500 credit line at uline reporting to DNB... I want to know if my $25,000 Amex Gold Biz is reporting to Experian! I've searched almost everything in the business blog, and this question has never been answered!!

[Panhead]

Dodger duck I'll answer ur question since no one else has! Citi cards report to dnb and experian, experian I've noticed just about picks up every account you apply for on ur tax id. Ive read discover shows on dnb but I don't have a discover card or Barclays.... From expierence I have dnb does the worse job at accurately portraying your business profile ally business and ford I think are the only ones who check dnb anymore I believe (lol)

Edited by Panhead, 31 January 2012 - 08:47 AM.

[jbarrington]

Dodger duck I'll answer ur question since no one else has! Citi cards report to dnb and experian, experian I've noticed just about picks up every account you apply for on ur tax id. Ive read discover shows on dnb but I don't have a discover card or Barclays.... From expierence I have dnb does the worse job at accurately portraying your business profile ally business and ford I think are the only ones who check dnb anymore I believe (lol)

Just as I suspected... DnB is useless for getting real credit (BANK loans, RE leases, vehicle loans)

I'm still dying to know if AMEX will backdate when they report my biz card to Experian, like they do for my personal cards. My business is from 2000, and I'll take an biz AMEX in a second if it will report opened in 2001 (my member since year) instead of 2012!! My gut tells me yes, and I should do it, but I have a feeling if AMEX did do this, wouldn't everyone on this forum be raving about it like mad?!! The absense of that makes me suspicious.

[Panhead]

Barrington I don't get what ur asking?

[jbarrington]

Barrington I don't get what ur asking?

If I open a new AMEX personal card tomorrow, when it reports to my PERSONAL Experian file, it will report as having been opened in 02/2001 not 02/2012, because AMEX backdates, and I got my first personal AMEX in 2001. The new card from the new account will also automatically say on it "Member Since: 01"

Now, if instead of opening an AMEX personal card tomorrow, I open an AMEX biz card, which will report to my BUSINESS Experian file instead (and perhaps DnB), will it say the account was opened in 02/2012, or 02/2001???

I've been in business since 1999 (incorporated in 1999), and stupidly never put anything in my business name. I will apply for a business AMEX only if I expect it to report to my company's Experian Business file as that the card was opened in 2001. If it's going to say 2012, I don't want it. I need a major secured business loan for $200k to buy $300k of used equipment (lender I'm looking at is an Experian puller), I have a great personal credit, a company incorporated in 1999. However, the business has absolutely nothing in its Experian file (Tradelines: 0). The creditor will be pulling this file. Having a huge AMEX biz credit line reporting to Experian Business as "just opened" is going to hurt me more than it will help me however in the short-term, since I'll be credit shopping in a month, right after this account first would show up on my Experian Business report.

The same question has been asked by several users in several forums over the years, with no one ever answering it. ANYONE with an AMEX biz card who has checked their biz credit file since they got the card should be able to answer this (unless of course that biz card was the first card from AMEX with their name on it ever).

Edited by jbarrington, 31 January 2012 - 04:05 PM.

[jbarrington]

My BIZ AMEX does not report to personal. It does report to Equifax Biz.

How is it showing up on Equifax Biz? Opening date backdated to member since date or actually when you opened this specific card?

Is it showing up on Experian and DnB too?

[CreditEmpire]

My Cap One Sparks has not shown on my personal yet. I actually hope it does since the limit is 20k. Does the Citi Shell card report to Experian biz?

Edited by CreditEmpire, 03 February 2012 - 02:37 AM.

[IneedzFunds]

Barrington I don't get what ur asking?

If I open a new AMEX personal card tomorrow, when it reports to my PERSONAL Experian file, it will report as having been opened in 02/2001 not 02/2012, because AMEX backdates, and I got my first personal AMEX in 2001. The new card from the new account will also automatically say on it "Member Since: 01"

Now, if instead of opening an AMEX personal card tomorrow, I open an AMEX biz card, which will report to my BUSINESS Experian file instead (and perhaps DnB), will it say the account was opened in 02/2012, or 02/2001???

I've been in business since 1999 (incorporated in 1999), and stupidly never put anything in my business name. I will apply for a business AMEX only if I expect it to report to my company's Experian Business file as that the card was opened in 2001. If it's going to say 2012, I don't want it. I need a major secured business loan for $200k to buy $300k of used equipment (lender I'm looking at is an Experian puller), I have a great personal credit, a company incorporated in 1999. However, the business has absolutely nothing in its Experian file (Tradelines: 0). The creditor will be pulling this file. Having a huge AMEX biz credit line reporting to Experian Business as "just opened" is going to hurt me more than it will help me however in the short-term, since I'll be credit shopping in a month, right after this account first would show up on my Experian Business report.

The same question has been asked by several users in several forums over the years, with no one ever answering it. ANYONE with an AMEX biz card who has checked their biz credit file since they got the card should be able to answer this (unless of course that biz card was the first card from AMEX with their name on it ever).

I can answer this question concerning what your AMEX BIZ CC will report. If you apply for a AMEX business card today, it will report to the business credit agency (Experian or Equifax - depending on which type of AMEX Business credit card, whether you are going through an affiliate financial institution, etc.), but it will report on the business credit report from 2012 (or whenever you are approved on the application). You can ask, but I am quite sure AMEX will not backdate due to SEVERAL new banking & credit rules and guidelines. Now your card may say, been a member since 1999, but AMEX is not going to back date and report from 2001. I am quite sure of it.

As for it AMEX credit line hurting your business credit, that is of opinion, but in my opinion, it will NEVER hurt to have a good standing AMEX business credit line on a business report. AMEX does do a pretty good job on background check and other cards/credit lines will follow their lead. Again, my opinion only.

[jbarrington]

but I am quite sure AMEX will not backdate due to SEVERAL new banking & credit rules and guidelines. Now your card may say, been a member since 1999, but AMEX is not going to back date and report from 2001. I am quite sure of it.

What are the new banking & credit card rules and guidelines?

My wish list:

(1) Landlords, insurance companies, employers, etc should be PROHIBITED from being classified as a hard inquiry. I'm tried of landlords, insurance companies, etc doing hard pulls and coding them as "permissible purpose, " (instead of soft like they're supposed to according to the states' AG's offices)

(2)Lazy/destructive auto and mortgage lenders should be barred from using "permissible purpose," instead of "auto loan" or "mortgage," meaning every inquiry counts even if they were within 14 days and both for an auto loan! Currently, this benefits the company making the error... if they tank your score after they've pulled your file, it could help them sell you a loan if your next app to a competitor is going to look worse with another inquiry, so the next bank may provide less favorable terms than was warranted. It's pretty sleazy.

(3) And of course, is there anything coming out explicitly stating inquiries are disputable? I can't believe all the agencies are now REFUSING to investigate inquiries. It's not a "fact" that I gave them a permissible purpose!! That could be wrong, yet they won't investigate?? MADNESS

(4) What I also really want to see is banks getting their own hard inquiries (and maybe even their accounts too) masked/hidden on reports that they receive if it's a soft inquiry for account review. It boggles my mind when a creditor (i.e. AMEX and BoA) does a soft-review on my Experian file, and see that the only changes since I opened the account was with things THEY put there (new accounts, inquiries, balances, all from AMEX), and flip out that I'm less credit worthy all of a sudden, and close my account, when it was 100% their reporting to Experian that created that info! These banks should not see their own data when pulling credit to review an open account! My experience with creditors freaking out on a review because of a lower score, caused by their own accounts, only happened with EX (AMEX and BoA are EX pullers). Perhaps EQ and TU already hide the banks' own account reporting when giving them a "credit review" report. This would make sense.

For anyone who says inquiries only lower your score 2-10 points each, you're VERY wrong. They're toxic.

Edited by jbarrington, 04 February 2012 - 04:44 AM.

[IneedzFunds]

As for what are the new banking laws and guidelines, I am not just talking about the ones from the US, but international as well which US banks must following. Examples are Credit CARD Act of 2009, Emergency Economic Stabilization Act of 2008, Fair and Accurate Credit Transactions Act, Gramm–Leach–Bliley Act, Truth in Savings Act, Electronic Fund Transfer Act, Community Reinvestment Act, Home Mortgage Disclosure Act, Fair Credit Reporting Act, Truth in Lending Act, Bank Secrecy Act, Bank Holding Company Act, Federal Credit Union Act, Glass–Steagall Act, Federal Reserve Act, Basel III, Volcker Rule, and the list goes on, and on, and on (x a billion). There are several changes that have occurs (and still are occurring) and some laws, if actually enforced (key words in this - actually enforced), are good.

At the end of the day, you are not going to get leeway on doing something like back dating any financial reports in this day in time, especially if there is a remote chance of hurting the banks.

[winner]

My Cap One Sparks has not shown on my personal yet. I actually hope it does since the limit is 20k. Does the Citi Shell card report to Experian biz?

Yes Citi Shell gas card reports to Experian Business

[jbarrington]

My Cap One Sparks has not shown on my personal yet. I actually hope it does since the limit is 20k. Does the Citi Shell card report to Experian biz?

Yes Citi Shell gas card reports to Experian Business

winner:
I was almost positive that it would, but can you provide more details?

I.e. answers to any of the following would be helpful:
(1) How long after you received the card did you notice it on your Experian Biz file?
(2) If you were monitoring your Experian Biz report closely, and noticed it as soon as it first reported, how long after you received the first billing statement was this?
(3) How often does the account update on your Experian Biz report? (a. strictly monthly, b. strictly quarterly, c. monthly or whenever a payment is received whichever is sooner, or d. whenever a payment is received and monthly)
(4) Does it appear on any personal reports?
(5) What is the legal name of the Citi card issuer? (I want to know if it is the same as the Citi AAdvantage card, so I can know if I should expect the same department at Citi doing the credit reporting-- they're known for having different entities with differing policies servicing different states and cards)
(6) Did you get your full Experian Biz report including both the "Trade Payment Experiences" and "Additional Payment Experiences" sections detailing each of your tradelines, or only the report with the summary?
(6) Which section of the Experian Biz report does it report to? (a. Trade Payment Information, b. Additional Payment information, or c. Commercial Banking, Insurance, Leasing)
(7) If this is your business's highest credit limit, as I assume it probably is, does the proper amount of your credit line report under "Highest Credit Amount Extended"?
(8) If it's listed as a "trade", What is the "Supplier Category" for the card, and what does it list under "Trade Terms? Is there anything in the comments section?
(9) Does recent high credit show your alltime-high balance (rounded of course) or your max. credit limit?

Certainly not expecting the answers to all of those!

But, any of the above would be very helpful to all of us with good personal credit, trying to build up our biz reports.

[President Skroob]

Can one pull their own Experian and Equifax biz reports like you can personal?

[dconawa]

Can one pull their own Experian and Equifax biz reports like you can personal?

Yes you can pull your own experian and equifax, you have to pay for it.

Good Luck.

[winner]

Can one pull their own Experian and Equifax biz reports like you can personal?

If you are actively building business credit it is probably better to get the annual plan .. it cost $99 and you can access unlimited experian report for 1 year

[winner]

My Cap One Sparks has not shown on my personal yet. I actually hope it does since the limit is 20k. Does the Citi Shell card report to Experian biz?

Yes Citi Shell gas card reports to Experian Business

winner:
I was almost positive that it would, but can you provide more details?

I.e. answers to any of the following would be helpful:
(1) How long after you received the card did you notice it on your Experian Biz file? 2months
(2) If you were monitoring your Experian Biz report closely, and noticed it as soon as it first reported, how long after you received the first billing statement was this? about 2 weeks after our first statement
(3) How often does the account update on your Experian Biz report? (a. strictly monthly, b. strictly quarterly, c. monthly or whenever a payment is received whichever is sooner, or d. whenever a payment is received and monthly) monthly.. if you carry balance
(4) Does it appear on any personal reports? Didnt PG .. only gave EIN
(5) What is the legal name of the Citi card issuer? (I want to know if it is the same as the Citi AAdvantage card, so I can know if I should expect the same department at Citi doing the credit reporting-- they're known for having different entities with differing policies servicing different states and cards) Experian biz report doesn't show name.. just like DnB its sorted by category .. ie revolving credit, office supplies, communication, packaging, retail trade etc will check the next statement for that answer..
(6) Did you get your full Experian Biz report including both the "Trade Payment Experiences" and "Additional Payment Experiences" sections detailing each of your tradelines, or only the report with the summary? we have an active annual sub so yes it shows everything
(6) Which section of the Experian Biz report does it report to? (a. Trade Payment Information, b. Additional Payment information, or c. Commercial Banking, Insurance, Leasing) additional experiences
(7) If this is your business's highest credit limit, as I assume it probably is, does the proper amount of your credit line report under "Highest Credit Amount Extended"? doesn't report highest credit, reports highest owned not credit limit
(8) If it's listed as a "trade", What is the "Supplier Category" for the card, and what does it list under "Trade Terms? Is there anything in the comments section? N/A
(9) Does recent high credit show your alltime-high balance (rounded of course) or your max. credit limit? high balance

Certainly not expecting the answers to all of those!

But, any of the above would be very helpful to all of us with good personal credit, trying to build up our biz reports.

[jbarrington]

My Cap One Sparks has not shown on my personal yet. I actually hope it does since the limit is 20k. Does the Citi Shell card report to Experian biz?

Yes Citi Shell gas card reports to Experian Business

winner:
I was almost positive that it would, but can you provide more details?

I.e. answers to any of the following would be helpful:
(1) How long after you received the card did you notice it on your Experian Biz file? 2months
(2) If you were monitoring your Experian Biz report closely, and noticed it as soon as it first reported, how long after you received the first billing statement was this? about 2 weeks after our first statement
(3) How often does the account update on your Experian Biz report? (a. strictly monthly, b. strictly quarterly, c. monthly or whenever a payment is received whichever is sooner, or d. whenever a payment is received and monthly) monthly.. if you carry balance
(4) Does it appear on any personal reports? Didnt PG .. only gave EIN
(5) What is the legal name of the Citi card issuer? (I want to know if it is the same as the Citi AAdvantage card, so I can know if I should expect the same department at Citi doing the credit reporting-- they're known for having different entities with differing policies servicing different states and cards) Experian biz report doesn't show name.. just like DnB its sorted by category .. ie revolving credit, office supplies, communication, packaging, retail trade etc will check the next statement for that answer..
(6) Did you get your full Experian Biz report including both the "Trade Payment Experiences" and "Additional Payment Experiences" sections detailing each of your tradelines, or only the report with the summary? we have an active annual sub so yes it shows everything
(6) Which section of the Experian Biz report does it report to? (a. Trade Payment Information, b. Additional Payment information, or c. Commercial Banking, Insurance, Leasing) additional experiences
(7) If this is your business's highest credit limit, as I assume it probably is, does the proper amount of your credit line report under "Highest Credit Amount Extended"? doesn't report highest credit, reports highest owned not credit limit
(8) If it's listed as a "trade", What is the "Supplier Category" for the card, and what does it list under "Trade Terms? Is there anything in the comments section? N/A
(9) Does recent high credit show your alltime-high balance (rounded of course) or your max. credit limit? high balance

Certainly not expecting the answers to all of those!

But, any of the above would be very helpful to all of us with good personal credit, trying to build up our biz reports.

Did you mean to write something in that reply? It was only the quoted posts

Also, I have an update for anyone who is interested... I have info on BoA's business card: Their credit department says they only report to personal if 60+ days past due, and they report to both Equifax Biz & Experian Biz, but not D&B. For the application they pull Equifax biz (i guess some actually look at this), but they mostly go by the personal report. For the personal credit check, unlink BoA's personal cards that always pulls Experian personal, the credit annalists are free to pick any of the 3 bureaus they wish. The woman there I spoke to says she usually pulls TU for personal because she finds it the easiest to read LOL (glad to find an agent who was so forthcoming), and it is a hard pull to the personal file, but if they end up pulling TU, it's not like many will even be seeing the inquiry.

I still have not found any business credit only doing a soft pull to personal yet

I'm going to be applying for a $150,000 equipment loan soon to buyout a lease on some equipment rather than renew. Which of the 3 biz files do the "big boys" check on that kind of loan, or is it a crapshoot? I thought they all used Experian biz, but it seems that some actually use Equifax biz. I don't think any of the banks however use D&B. They seem to be biz-to-biz only.