8 business cards without personal guarantee required


If you buy something through our links, we may earn money through our affiliate partners. Learn more.

You can get a credit card for your business that doesn’t require a personal guarantee. You will need to provide your personal credit score as part of the business credit card application.

Credit card issuers for the type of card with no personal guarantee requirement can only sue your business if you are in default. As a small business owner, you won’t have to pay your business debt with your personal assets.

What are business credit cards and who needs these cards? you may also be wondering why should I get a business credit card. If your business has an owner or partner who needs to minimize personal liability, these cards provide financial protection.

What are business credit cards without a personal guarantee?

These types of cards are often called a business credit card. This is because the card is used to pay the business expenses and the business assets (income, assets) pay the credit card debt. A corporate card will have no annual fee.

It’s not easy to qualify for some of these corporate cards without any personal guarantees. For the most part, business credit card issuers for a business card want to see that your business can prove a solid annual income, based on reports from financial institutions.

Business credit cards require your personal credit ratings to be good or excellent. On the application, you will be asked to provide information about your personal credit reports and your application is likely to be rejected if you have low personal credit.

Cards without a personal guarantee do not relate to your personal liability with accounts and assets. Instead, your card is tied to your business, and only your business account and assets are used to pay for it.

Best business card: no personal guarantees needed

Which business credit cards without personal guarantee are the best business credit cards?

Different types of credit cards offer benefits such as cash back on a percentage of the purchase amount, award miles, and similar values.

The added value of these small business credit cards is that your personal finances and other assets are protected. The credit card issuer knows there is no personal risk, so they want to make sure your business has good annual revenue, along with other indicators of financial health, to justify using it. from the menu.

1. Shell Small Business Card

  • Annual fee: $0
  • APR: 23 to 29%
  • Credit required: Good.
  • IMPORTANT Notes: You can only use the Small Shell Business Card for gasoline purchases at Shell service stations. You can also use it at Jiffy Lube. You can get up to 0.10 off per gallon for the first 6 months. Fill-ups at other types of gas stations are not eligible gas purchases.

2. Ramp

  • Annual fee: $0
  • APR: 0% the first 12 months, then 13.24 to 19.24%
  • Credit required: Good. Must have $250,000 in company bank account, but another Ramp Company Card the holder can refer you to help with your request.
  • IMPORTANT Notes: You’ll get 1.5% cash back and expense reports by category. You will also be able to use the Partner Rewards Program at participating businesses for deep discounts.

3. Office Depot Office Max Business

  • Annual fees: $0
  • APR: 20.80 to 29.99%
  • Credit required: Good
  • IMPORTANT Notes: To get the Office Depot OfficeMax Enterprise ard credit you have a few options: $5 million in annual sales, operate as a government entity, or operate as a non-profit organization. You may also qualify based on a minimum bank balance. There is a generous rewards program for office supplies and other eligible purchases at the store.

4. Sam’s Club Business Mastercard

  • Annual fee: $0
  • APR: 15.65 to 23.65%
  • Credit required: Good
  • IMPORTANT Notes: You must be a member of Sam’s club to Sams Club Business Mastercard. You’ll get 5% cash back on gas purchases and 3% cash back on purchases from Sam’s Club. It’s a Mastercard, and you’ll get 1% back on your other purchases.

5. More Staples Cards

  • Annual fees: $0
  • APR: Based on creditworthiness, most small business owners qualify for the lower amount, 14.99%. The other levels are 19.99% and 23.99%. These are fixed rates.
  • Credit required: Good
  • IMPORTANT Notes: As part of the rewards program with the Staples Plus Card you’ll get 40% off rewards for ink and toner and 30% off business supplies. These can be applied as a statement credit. $50 back on your first purchase. Free next day delivery.

Credit cards for start-up businesses: no personal guarantee required

Will business card issuers approve a credit card with no personal guarantee requirements for starting your business?

Yes. You will need better than bad credit and a good credit history. Even without a personal guarantee or security deposit, you can get a card. There will be no annual fee and your credit limit will increase as you buy and pay.

In this sense, it is not a credit card. It’s a payment card. You must pay the balance each month.

6. Brex 30 card

  • Annual fee: $0
  • APR: 0%
  • Credit required: Good. Brex will review your credit history and your company’s available cash.
  • IMPORTANT Notes: Brex 30 card The cash account is not approved for sole proprietors. You must be a C-Corp, S-Corp or LLC (can be a Sole Proprietorship). The rewards are 8x points for rideshare apps and taxis, 5x points on travel, 4x points on restaurants, 3x points on Apple products, and recurring software costs. When you use the card, Brex charges a small fee to the merchant.

7. SVB Innovators Card

  • Annual fee: $0
  • APR: 0%
  • Credit required: Good
  • IMPORTANT Notes: With the SVB Innovators Card your line of credit increases each time you pay the monthly bill in full. The Business Credit Rewards Program gives 2 points for every dollar, which can be used as statement credit or can be used to purchase gift cards.

8.The Stripe Corporate Card

  • Annual fee: $0
  • APR: 0%
  • Credit required: Good.
  • IMPORTANT Notes: You are not required to have a Stripe account where you receive payments, but if you do, it will be a factor for the Stripe Corporate Card approval and credit limits. You’ll get 2% cash back and the introductory offer includes 3 free months of Shopify and $150 Google Ads credit. You can use your Stripe card anywhere Visa cards are accepted.

Restrictions and limitations of cards without personal guarantee

  1. Although there is no personal guarantee, there is a commercial guarantee. Your business assets can be seized in the event of default.
  2. A sole proprietor cannot obtain small business credit cards without a personal guarantee.
  3. The initial credit limit can be restrictive and hamper small business financing goals.
  4. In many cases, the balance must be paid in full each billing cycle.
  5. Many charge foreign transaction fees. Foreign transaction fees can be 3% and more.
  6. Some rewards programs are attached to a specific store.

Are you personally responsible for a business credit card?

Yes. If you don’t want to be personally liable, you need a card that specifically doesn’t require a personal guarantee.

Image: Depositphotos


About Author

Comments are closed.