Credit Card Question

[SnipeMasterJ13]

So here's the deal. I have a few credit cards - no biggie. One of them however is a "business card". I never actually signed up for it back in the day, the CC company actually called and asked if I wanted it. I said sure, since it was 0% for a year, and then the lowest rate I've ever been offered on a card. That wasn't a huge deal since I pay everything off the same month, or second month on rare occasion. I just like the points automatically given when used that are banked and then are redeemable in cash.

My question is, they just set me up with this card when I don't actually own a business. Are there any repercussions for this? I've had the card for awhile now and always wondered if it was just a prerequisite, or if they actually need business statements to prove something within a certain time period.

Maybe I'm a little paranoid, but I know how important credit scores are, and don't want mine to get messed up. Like I said, I have other cards, but I only use the one business one, as I get point doing so. I don't want to close it because it is by far my highest spending limit, and I know that plays a large role on your credit score as well.

Thanks in advance 🙂

 

[IceBergSLiM]

If they didn't get paperwork up front that is their problem.

 

[jiggahertz]

Just be careful of carrying too high of a balance. They may magically close your account one day and you'll be responsible for the balance, if there is one.

 

[SnipeMasterJ13]

Yeah, no balance issues at all. Out of an 11K limit, the most I've ever used was 3K. And I paid that off the same month.

 

[SoulAssassin]

Don't worry if it's a business card...I have a couple myself and I don't own a business.

 

[Dulanic]

I have a handful I threw in a AOR I did...no biggie. Worst they will do is close your account and even that is unlikely, they want you to keep it open.

 

[gorcorps]

If they came and asked you then there's no problem. But there's always free credit score checks just to make sure.