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Over the past few days, many people noticed that their Chase business cards suddenly appeared on their consumer credit reports.
You can obtain all 3 of your consumer credit reports for free on the government-authorized annualcreditreport.com here. It’s always a good idea to check all 3 frequently for errors and fraud.
We reached out to Chase to learn if this was in error or a policy change. If it was a policy change, it would mean that card approvals would get tougher due to banks limiting card approvals based on how many recent card approvals were shown on your credit report. It would also mean that spending on business cards could hurt your credit utilization ratio, though it could also help your overall credit report.
At any rate, a Chase spokesperson let us know that it was indeed an error and will be fixed,
“Some Chase business credit card accounts were incorrectly reported to consumer credit bureaus due to a recent system upgrade. The issue is being fixed, cardmembers don’t need to do anything right now and we apologize for the error.”
I’d expect those accounts to be removed from your personal credit report in the coming weeks.
Did Chase business cards recently make an appearance on your credit report?
HT: CountValentine, via DDF and DoC
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17 Comments On "Some Chase Business Cards Have Been Reporting To Consumer Credit Reporting Agencies, But Will Be Fixed Soon"
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I found today that my ink premier was added on March 2 but only to Transunion.
Funny thing is my credit line on the card is 10k and they reported it as 2k making my spend on the card 444% and dropped my score with 89 points.
So not only did they report it they also reported it incorrectly..
I sent a message to Chase from my account in the morning still waiting for a reply,
Also filed a dispute with Transunion.
Thanks Dan for this post so i know its an official glitch.
Chase added the same account today to my Experian report..
Terrible what’s going on here…
No on my Equifax as well…!!!!
I found it posted yesterday on TransUnion was wondering why
Helpful to know it wasnt only me
that definitely happened to me and my score went down by fourteen points! do I need to contact chase or just wait it out?
Read the post please.
Do I get a hard pull when running a annualcreditreport.com?
No
My SW business card has now showed up on my Transunion report.
Should I call Expirian to dispute it or it will get fixed itself my score went down 16 points and I don’t want it to reflect at all
My ink preferred popped up on my Chase credit journey as of Feb 28 as an individual account
Ink preferred came up on all my credit reports as of end of Feb
My score dropped 167 points, thanks for the post so I know not to panic.
maybe just a coincidence, but the 2 accounts that reported in my account started with 4246-31XX-XXXX-XXXX
One of my 4 chase inks have been added to all three reports. It is still on TransUnion and equifax reports. It has been removed from my experian report but my score decreased for having one less revolving account. And for having less available credit.
when can we expect to get this resolved?? need it resolved immediately
Both Chase Business cards still showing up.
I keep checking every couple of weeks