- Green Member
- Posts: 11
- Joined: Sat Mar 20, 2010 1:25 am
- Location: Dover DE
Thanks for your replies.
I could find one, the CSI Business Mastercard. It is a secured one and I applied with a $1,000 credit limit. They use the company EIN only and report to D&B and Experian Business. This will be the solution to start.
The only thing with this card, that works like a charge card and not a credit card, is that they report in the TRANSPORT EQUIPMENT field of the Credit Report. This card is issued by a bank specialized in Fleet Cards, this explains why it is not reported as a credit card.
The utilization is reported on company credit reports, not the available credit. By using it a lot and paying in full (for than 30% i.e. of the available credit), this should help build a good credit. Later, I will consider an increase of my security deposit to increase my CL to $3,000.00.
Once again, I wish to thank you all for your answers above. I am more than glad that I could find this forum.