What Business Credit Cards Pull From Experian? (2024)

FAQs

What Business Credit Cards Pull From Experian? ›

Although there isn't a bank that exclusively uses Experian, some banks that typically use Experian data more commonly include American Express, Bank of America, and Wells Fargo.

Although there isn't a bank that exclusively uses Experian, some banks that typically use Experian data more commonly include American Express, Bank of America, and Wells Fargo.

Yes, Chase business credit cards pull mainly from Experian, according to customer service. However, they can also pull from TransUnion or Equifax. Unfortunately, there is no way to know beforehand which bureau will be used, because the selection criterion is not disclosed by Chase.

Business credit scores range from 0 to 100, with 0 representing a high risk and 100 representing a low risk. Generally, business credit scores above 75 are considered excellent. Scores are based on a number of factors contained in your business credit report.

New credit inquiries

Applying for your first business card often requires a hard inquiry into your personal credit history.

Some of the best credit cards that pull from Experian include the Chase Sapphire Preferred® Card and the Capital One Venture Rewards Credit Card. These are two cards that anecdotal evidence suggests will give you a good chance of having your Experian report pulled when you apply.

A good credit score for an LLC is typically considered to be in the range of 600–800, similar to your personal credit score. The higher your score, the better it looks to potential lenders and vendors who might want to do business with you.

Small business lenders nearly always consider your personal credit score when reviewing your application for a small business loan. In most cases, lenders will use your FICO score to evaluate your creditworthiness, which ranges from 300 to 850.

Dun & Bradstreet uses a PAYDEX^® score, which measures a business's payment history on a 1-to-100 scale. A score of 1–49 indicates a high risk of late payment, 50–79 indicates moderate risk, and 80–100 represents low risk. To view your credit file, you'll need the CreditBuilder™ Plus product.

Is it hard to get a business credit card with an LLC? ›

Yes, you can get a business credit card with an LLC as long as you have good personal credit.

Does Citi do a hard pull? Yes, Citibank does a hard inquiry on your credit report whenever you apply for one of its credit cards.

When you initially apply, the business owner is considered personally responsible for debt accrued by the business. Therefore, there will be a hard inquiry to your personal credit report.

There are three big nationwide providers of consumer reports: Equifax, TransUnion, and Experian. Their reports contain information about your payment history, how much credit you have and use, and other inquiries and information.

According to Darrin English, a senior community development loan officer at Quontic Bank, mortgage lenders request your FICO scores from all three bureaus — Equifax, Transunion and Experian. But they only use one when making their final decision.

Your Experian Credit Report will be accessed with your consent when you apply for credit. Credit providers such as banks, building societies, credit unions, finance companies, access seekers, mortgage insurers and other businesses that offer to lend you money can access your credit report.