America’s SBDC Blog

A “Forbes 100 Best Websites for Entrepreneurs”

5 Ways Business Credit Cards Can Hurt Your Credit

May 29, 2018
By Jason Steele –

Credit CardsCredit cards can be an indispensable tool for small businesses. These products offer companies a secure and convenient method of payment, while providing a valuable means of financing and being more readily available than other options like a small business loan.

But with a small business credit card, its balance and payment information will be recorded on the credit histories of the primary account holder, just like a consumer credit card. This isn’t a problem when your small business cards are managed responsibly, but it causes issues when they are are not.

Here are five ways that a small business credit card can hurt your credit. (more…)