H & R Black

One of the primary benefits of using an EIN instead of an SSN on a business card application is keeping business and personal finances separate. Not only does it separate tax details, but business owners can keep credit history separate as well. Most business cards report activity to commercial credit bureaus that keep a record of the cardholder’s business credit. But not all report to consumer credit bureaus meaning any issues on a cardholder’s business accounts will not necessarily affect personal credit. To find out if your business credit card payment history is reported to business or personal credit bureaus, contact your card issuer.