Author Topic: How Does a Corporate Card Affect Personal Credit  (Read 2414 times)

Offline casualchurner

  • Dansdeals Gold Elite
  • ***
  • Join Date: Feb 2014
  • Posts: 222
  • Total likes: 20
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: New Jersey
How Does a Corporate Card Affect Personal Credit
« on: April 23, 2018, 04:48:22 PM »
Hi All,

I've been looking for an answer to this question and I've kept running into conflicting information, so I apologize for opening up a new thread if this has already been discussed.

My question is regarding an AMEX corporate account. Apparently, for our company's account, AMEX is requesting each cardholder's SSN. The question we've been asked by our employees is whether an individual employee's credit could be adversely affected if they give AMEX their SSN for this account.

Any thoughts would be welcome!
TIA!

Offline jackofall

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Nov 2012
  • Posts: 772
  • Total likes: 45
  • DansDeals.com Hat Tips 2
  • Gender: Male
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #1 on: April 23, 2018, 04:52:02 PM »
No. Personal credit can not be affected by a Corp card. Personal experience.
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Offline casualchurner

  • Dansdeals Gold Elite
  • ***
  • Join Date: Feb 2014
  • Posts: 222
  • Total likes: 20
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: New Jersey
Re: How Does a Corporate Card Affect Personal Credit
« Reply #2 on: April 25, 2018, 10:25:57 AM »
No. Personal credit can not be affected by a Corp card. Personal experience.
Thanks for the info!
Just as a follow-up to this, our rep at AMEX confirmed that usage on a corporate card will not affect the employee's personal credit. However, the AMEX rep also said that if the account becomes delinquent past 90 days, then the delinquency WILL be reported on the employee's personal credit report.

Does anyone know whether this is true or not?

TIA!

Offline SearchGuy

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2012
  • Posts: 6254
  • Total likes: 205
  • DansDeals.com Hat Tips 103
    • View Profile
  • Location: Brooklyn exodus
Re: How Does a Corporate Card Affect Personal Credit
« Reply #3 on: April 25, 2018, 12:30:21 PM »
Capital One is reporting business cards monthly

Offline aporush82

  • Dansdeals Silver Elite
  • **
  • Join Date: Jun 2017
  • Posts: 54
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Queens, NY
Re: How Does a Corporate Card Affect Personal Credit
« Reply #4 on: April 25, 2018, 12:43:58 PM »
Capital One is reporting business cards monthly

Capital one is an exception to rule of business cards, they report to ones credit report when no other bank does. I don’t think they’re a proof to anything

Offline dpk4588

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2012
  • Posts: 1159
  • Total likes: 66
  • DansDeals.com Hat Tips 23
    • View Profile
  • Location: New York
Re: How Does a Corporate Card Affect Personal Credit
« Reply #5 on: April 25, 2018, 12:50:10 PM »
Capital One is reporting business cards monthly
Capital one is an exception to rule of business cards, they report to ones credit report when no other bank does. I don’t think they’re a proof to anything
The OP is asking about corporate cards, which IINM don't have the same rules as small business cards.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
-Albert Einstein

Offline Yehuda25

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2013
  • Posts: 6069
  • Total likes: 78
  • DansDeals.com Hat Tips 9
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #6 on: April 26, 2018, 12:47:11 AM »
The OP is asking about corporate cards, which IINM don't have the same rules as small business cards.
right, though seems odd that they are asking for their socials...
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline dpk4588

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2012
  • Posts: 1159
  • Total likes: 66
  • DansDeals.com Hat Tips 23
    • View Profile
  • Location: New York
Re: How Does a Corporate Card Affect Personal Credit
« Reply #7 on: April 26, 2018, 12:48:35 AM »
right, though seems odd that they are asking for their socials...
I'm not really sure how they work, but I believe they're different than small business cards and I didn't want the OP ending up with the wrong info.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
-Albert Einstein

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: How Does a Corporate Card Affect Personal Credit
« Reply #8 on: April 26, 2018, 12:50:41 AM »


Thanks for the info!
Just as a follow-up to this, our rep at AMEX confirmed that usage on a corporate card will not affect the employee's personal credit. However, the AMEX rep also said that if the account becomes delinquent past 90 days, then the delinquency WILL be reported on the employee's personal credit report.

Does anyone know whether this is true or not?

TIA!

Pretty sure this is correct.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline jackofall

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Nov 2012
  • Posts: 772
  • Total likes: 45
  • DansDeals.com Hat Tips 2
  • Gender: Male
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #9 on: April 26, 2018, 01:30:05 AM »
Thanks for the info!
Just as a follow-up to this, our rep at AMEX confirmed that usage on a corporate card will not affect the employee's personal credit. However, the AMEX rep also said that if the account becomes delinquent past 90 days, then the delinquency WILL be reported on the employee's personal credit report.

Does anyone know whether this is true or not?

TIA!
Unless this changed lately this is not correct. I had a Corp card more than 90 PD. Got sued by Amex and settled. Nothing shows up on personal credit. They need SS#s because of Federal money laundering laws. 
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Offline Yehuda25

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2013
  • Posts: 6069
  • Total likes: 78
  • DansDeals.com Hat Tips 9
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #10 on: April 26, 2018, 01:59:24 AM »
Unless this changed lately this is not correct. I had a Corp card more than 90 PD. Got sued by Amex and settled. Nothing shows up on personal credit. They need SS#s because of Federal money laundering laws.
wow, interesting.
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: How Does a Corporate Card Affect Personal Credit
« Reply #11 on: April 26, 2018, 07:27:45 AM »
Unless this changed lately this is not correct. I had a Corp card more than 90 PD. Got sued by Amex and settled. Nothing shows up on personal credit. They need SS#s because of Federal money laundering laws.
Just a side note.
They 100% can report to your credit without a social. And a social quite often is just used to confirm its you, not to track you down in the first place.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Online Mr. CC

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Oct 2015
  • Posts: 658
  • Total likes: 25
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: Yerushalayim
Re: How Does a Corporate Card Affect Personal Credit
« Reply #12 on: April 27, 2018, 01:05:35 PM »
Just a side note.
They 100% can report to your credit without a social. And a social quite often is just used to confirm its you, not to track you down in the first place.
+1

Offline jackofall

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Nov 2012
  • Posts: 772
  • Total likes: 45
  • DansDeals.com Hat Tips 2
  • Gender: Male
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #13 on: April 27, 2018, 01:37:59 PM »
Just a side note.
They 100% can report to your credit without a social. And a social quite often is just used to confirm its you, not to track you down in the first place.
They can’t report something to your credit if you are not responsible for it. If you guys are not sure about Corp cards please don’t give incorrect info.
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: How Does a Corporate Card Affect Personal Credit
« Reply #14 on: April 27, 2018, 01:45:28 PM »
They can’t report something to your credit if you are not responsible for it. If you guys are not sure about Corp cards please don’t give incorrect info.
I stated a fact. I didn't say anything more, because I don't know.
Argue should you wish.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #15 on: April 27, 2018, 01:48:05 PM »
They can’t report something to your credit if you are not responsible for it. If you guys are not sure about Corp cards please don’t give incorrect info.
Are AU's responsible for charges? Are they allowed to report AU's for any card?
I just found a new supply of forks!

Offline Yehuda25

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2013
  • Posts: 6069
  • Total likes: 78
  • DansDeals.com Hat Tips 9
    • View Profile
Re: How Does a Corporate Card Affect Personal Credit
« Reply #16 on: April 30, 2018, 12:32:52 AM »
Are AU's responsible for charges? Are they allowed to report AU's for any card?
When adding an amex au to a biz card (reg, not corp) terms do state that they may seek payment from AU.
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle