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The card is still under your name, the application will pull your credit report, and you're personally liable for the debt. However most major banks (with some
by wefarrell 7y ago
The card is still under your name, the application will pull your credit report, and you're personally liable for the debt.
However most major banks (with some exceptions) do not report business cards to the credit bureaus unless you're in default, so it's possible to carry large balances without any impact to your credit.
- MuffinFlavored 7y agoWhen is the statement balance due? Every 30 days? I don't see how this is 0% APR/any different than a consumer credit card?
- wefarrell 7y agoThe statement balance is never due but I always make sure to pay it off before the 0% APR ends. Each month a small minimum balance (around 1%) is due.