Basically, I've been approved for a business card in my name with a $14K line of credit, but since I can fit all of my business expenses on my personal cards without using more than 50% of my personal line, I'm wondering whether it wouldn't be smarter to keep using my personal cards and paying them off on time to boost my personal credit. Does the usage and payment of business cards help boost my personal credit?
a business card in your name would still count towards your credit score (boosts it if you're good with payments, lowers it if you're not.) If you own your own business then it's a good way to keep track of you business expenses. Keep in mind that having too many credit cards can be potentially harmful (e.g. if you spend more than you earn) so take some time to review the interest rates/fees/bonus features of each credit card and just keep one/two that are the best ones for your needs. |
