Question – “I got my first business credit card earlier this year, which shows up as an inquiry on my personal credit record & has been affecting my personal credit score, which is totally understandable since I had zero business credit history. But at what point does your business credit activity stop affecting your personal credit? If I were to apply for a 2nd business card now, will it still show up as an inquiry on my personal? I’d greatly appreciate any insight, thank you!”
Whether a business credit card affects your personal credit depends on if the credit card issuer reports to consumer credit bureaus or business credit bureaus. Unfortunately, there is no uniform behavior; different companies do different things. One standard behavior; however, is a hard credit inquiry when you apply. This will cause a small temporary drop in your personal credit score and will remain on the report for two years as a pull. If you are concerned, you should inquire to the issuer of the business credit card as to their policy before applying.
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Written By Kellam T. Parks
Kellam founded what is now Parks Zeigler, PLLC in 2012 to embrace modern technologies to best serve clients. This passion for technology led to the formation of the Cybersecurity/Data Privacy practice area making the firm a leader in helping businesses protect themselves and respond to incidents. When he’s not practicing law in this area and handling high-asset divorces, Kellam manages the firm with his co-owner, Brandon Zeigler, contributes to local and state-wide Bar associations, and frequently writes and speaks to audiences across a variety of sectors and geographic locations, including nationally on the topics of Cybersecurity/Data Privacy, digital evidence, law firm management, and technology/AI.
