Credit scores can be complicated to understand, and there are also lots of misconceptions about how they’re calculated, and what can impact credit scores. In particular, there’s often confusion about what impact business credit cards have on personal credit scores. Long story short, business credit cards don’t impact your credit score as much as personal cards, but they can still have an impact. There’s nuance to this, so let me explain.
As someone who takes my credit score seriously (and who has a nearly perfect credit score), losing a few points from inquiries is one thing I put almost no thought into, because the impact is inconsequential for those with excellent credit.
Does good credit “behavior” on business cards help your personal credit score? Generally not:
A great solo travel tip spotted this week on One Mile at a Time.
