Q: I have an American Express Blue Card from my employer. If my company is always late with payments, will my credit rating be affected?
American Express is a CardRatings.com advertiser.
Good question, and it all comes down to one question that I have for you: Did you fill out the application and apply for the Blue from American Express®, a card that you now use for business? Or did your employer fill out the application and make you an authorized user? In any case, you can probably see where I'm going with this.
If YOU filled out an application to American Express, where you were either going to be accepted or denied credit, then paying the credit card is your responsibility. Even if your company has said that they will make the payments on the credit card. There's just no way around it. If your employer is late with making the monthly payments, your credit score is tanking, and if you can't trust the accounting department to clean up its act, you need to come up with some arrangement where you make the payments, and then the company can reimburse you. Any reasonable business owner or accountant is going to understand that.
But if this was issued to you, which is common among giant corporations, and you didn't have to apply, and the accounting department is constantly sending in late payments, the company may not look good in your eyes, but as far as your credit score goes, you have nothing to worry about.
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