National Revolving Business Credit Cards

A revolving credit account offers the convenience of paying only the "minimum due" each month, rather than the entire balance. Typically, these accounts are reported to Experian and occasionally to D&B and Equifax. Due to their reporting mechanism, these accounts have a greater impact on building your business credit compared to relying solely on Net 30 day vendors.

Key Underwriters in Revolving Credit (Business Credit Cards)

In the realm of business credit cards, five major underwriters are responsible for over 80% of the accounts. Understanding who these underwriters are and their associated store cards can be crucial for your business credit strategy:

1. Citi (Citibank): A major national bank, Citi underwrites credit cards for prominent retailers like Home Depot, Best Buy, Staples, Office Depot, Goodyear, Tractor Supply, and many others.
2. Comenity: Comenity underwrites over 90 store-related credit cards, both personal and business, for brands like Land's End, BJ's, Restoration Hardware, True Value, and more.
3. Synchrony: The largest underwriter of retail and wholesale store credit cards, Synchrony's portfolio includes over 110 store cards such as Amazon, CareCredit, Ebay, Lowes, PayPal, Sam's Club, Walmart, among others.
4. WEX: Specializing in fleet, fuel, auto, and truck-related cards, WEX offers cards for 76, BP, Chevron, Conoco, Exxon, Flying J, Fuelman, Gulf, Pilot, Sinclair, Valero, etc.
5. Elan: Elan collaborates with over 1,300 banks and credit unions to provide outsourced partnership solutions, allowing them to offer personal and business credit card programs.
6. 

It's important to note that these underwriters maintain their own databases on customer payment behaviors. Having an account with timely payments under one of these underwriters can significantly ease the process of getting approved for more accounts with the same provider. However, be cautious not to apply for too many accounts too quickly with the same provider, as this can lead to a decline. A safe approach is to apply for no more than two cards with any one provider at a time, and wait a few months before applying for more cards with that same provider.