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Capital One just announced a new service to help business owners better understand their credit report. The bank has launched a tool called Business Creditwise that offers companies free access to their business credit profiles.

Similar to Capital One’s consumer credit tool Creditwise, this website allows business owners to see different aspects of their credit report — including details of payment history, credit usage and public records that may affect a businesses’ credit score.

Capital One conducted a survey that revealed less than half of business owners have ever seen their business credit report. Its Business Creditwise tool is one of just a few that offers the service for freeCreditwise does not provide a business credit score, unlike other programs that provide complimentary personal scores, like banks themselves or third-party services such as Quizzle; instead it provides a business credit profile.

Capital One said Business Creditwise will provide the access to the following information:

  • Unlimited access to your business credit report, sourced real-time from LexisNexis Risk Solutions, with no impact to your business credit
  • A comprehensive view of key factors that impact business credit under four pillars: Business Details, Payments, Credit Usage and Public Records
  • A guide to interpret your business credit report the same way lenders do with helpful, educational tips
  • The ability to find and fix inaccuracies for free, with no hidden fees, by submitting disputes to LexisNexis Risk Solutions

After logging in to Business Creditwise, you’ll see a slick dashboard that displays all your businesses’ data. You can click on each feature for more detailed information.

A TPG staffer’s credit report as seen through Capital One’s Business Creditwise.

It’s nice to see Capital One adding more tools that will help business owners and those with small-business credit cards. TPG Director of Special Projects Julian Kheel was able to quickly pull up his sole proprietorship business (which only requires a Social Security number) in Business Creditwise. Since personal and business credit scores are separate and calculated in different ways, it’s worth checking out Business Creditwise or similar tools that’ll reveal your business’ credit profile — that way you can correct any mistakes or make sure there’s no fraudulent activity on your accounts.

Capital One has a handful of business credit cards, including the cash-back earning Capital One Spark Cash for Business and the Capital One Spark Miles for Businesswhich now earns transferrable miles.

Read more on business credit:

Featured image by Getty Images.

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Capital One® Spark® Miles for Business

Earn 50,000 bonus miles with this business card plus 2x miles on all purchases.

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More Things to Know
  • Earn unlimited 2 miles per $1 on every purchase, everywhere
  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Receive up to $100 credit for one Global Entry or TSA Pre✓® application fee
  • Fly on any airline, anytime, with no blackout dates or seat restrictions
  • $0 intro annual fee for the first year; $95 after that
  • $0 fraud liability if your card is lost or stolen
  • Free employee cards which also earn unlimited 2x miles from their purchases
  • No foreign transaction fees
Intro APR on Purchases
N/A
Regular APR
19.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Balance Transfer Fee
N/A
Recommended Credit
Excellent, Good

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