Author Topic: How Does a Corporate Card Affect Personal Credit  (Read 1238 times)

Offline casualchurner

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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

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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.
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Offline casualchurner

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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

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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

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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 donít think theyíre a proof to anything

Offline dpk4588

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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 donít think theyíre a proof to anything
The OP is asking about corporate cards, which IINM don't have the same rules as small business cards.
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Offline Yehuda25

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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...
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Offline dpk4588

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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.
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Offline davidrotts63

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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.
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Offline jackofall

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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. 
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Offline Yehuda25

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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.
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Offline davidrotts63

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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.
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Offline Mr. CC

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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

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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 canít report something to your credit if you are not responsible for it. If you guys are not sure about Corp cards please donít 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

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Re: How Does a Corporate Card Affect Personal Credit
« Reply #14 on: April 27, 2018, 01:45:28 PM »
They canít report something to your credit if you are not responsible for it. If you guys are not sure about Corp cards please donít give incorrect info.
I stated a fact. I didn't say anything more, because I don't know.
Argue should you wish.
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