Money Girl explains how a business credit card affects your personal credit report.
Q: "I'm self-employed and have a business credit card that I use to keep my business expenses separate from my personal expenses. Though the business card is in my name, when I recently checked my credit report, I realized that it isn't listed there. Does a business credit card affect your personal credit? If not, where does this credit activity go?"
A: Even though a business credit card may show your name, it won't appear in your personal credit report if you didn't include your personal credit in the card application.
However, if you use your personal credit to qualify for a business loan or credit card, those accounts may appear on your personal credit report, or both your personal and business reports. You can request a copy of your business report from the 3 nationwide credit agencies: Experian, Equifax, and TransUnion.
If you prefer to use a personal credit card exclusively for business expenses, you can. The advantage is that it will help boost your personal credit if you manage it responsibly by making payments on time and keeping a low balance relative to your available credit.
However, the disadvantage of using personal credit for business purposes is that you'll be held personally liable if your business has financial trouble and defaults on an outstanding credit card or loan balance.