Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Coast can be a good credit card for businesses operating fleets of vehicles in need of a business credit card with no personal guarantee. You can open a business credit card without personal credit in two ways. No PG Business Line Of Credit with A To B Fuel Card, Divvy, Paypal Working Capital and other business credit using your business revenue. This is why most issuers of business credit cards require a personal guarantee in the first place. With no annual fees and no foreign transaction fees, those companies using the Brex Card exclusively and paying it off from a Brex Cash account will see the best points per dollar spent in rewards. Business credit cards with no personal guarantee often don't report to personal credit, and since you're not personally liable for the debt they won't report to personal credit even if you default on your payments. In her role at Fast Capital 360, Erin covers topics of interest to small business owners, including sales, marketing, business management and financing. All feedback, positive or negative, helps us to improve the way we help small businesses. You might also consider one of our top business credit cards for borrowers with bad credit if your credit score is a limiting factor in your search for a business credit card. The Stripe card has zero fees and credit limits that grow alongside your business. Check out our post on the cards weve ranked as the best corporate credit cardsfor your business. Find Loan Options For Your Small Business. And like several other cards on this list, Divvy offers automatic expense reporting features. Our explainer piece on invoice factoring further details this process. Various lending products ranging from $5,000 to $5,000,000 are available for most businesses, including those with limited history or bad credit, without requiring a personal guarantee. Streamline your bill payments with AP automation, approvals and accounting. A business credit card can help keep business purchases separate and keep a business bookkeeping compartmentalized. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Credit Cards. No PG business credit cards offer many advantages - Use the funds to purchase supplies to fulfill orders. The Ramp Corporate Card sets itself apart by offering a straight 1.5% cash back on all purchases. Best Business Credit Cards Without a Personal Guarantee Requirement Best for Well-Funded Startups Brex 30 Card Apply Now On Brex's Website Up to 10-20X Reward Rate Get 10-20x higher limits. The Bremer Bank Visa Signature Business Company Card is basically the only true business credit card that's available with no personal guarantee and isn't classified as a "corporate card.". As such, there are no interest charges. A personal guarantee means that if you default on the credit card or make late payments, the issuer can try to collect from the cardholder, and not just the business. You don't need perfect personal credit (or an established personal credit history to get approved). For large purchases, use other forms of financing instead, such as a business operating loan. Shell business gas cards come with a monthly balance that bears interest, yet, there are no other monthly, annual, or setup fees. When using a Bento Spent Limit card, you first have to load money onto it. Divvy is all about flexibility. Most issuers require one or more people within the business to guarantee theyll pay off the balance on their credit account with their personal funds, even if the business goes under. Cash back. Though cards without a personal guarantee requirement reduce risk, they often come with many disadvantages and financial costs. The Brex Corporate Card is a charge-type card where your balance is fully due. When using your Stripe corporate credit card, you will earn 1.5% money back on expenses no matter the category, and the rewards are immediately credited to your monthly due balance. Youll need to reach out to Divvy for more information. If you want to apply for the account without a personal guarantee, though, there are some stipulations. Other ways you can reduce personal liability with a business credit card include reducing authorized users and employee cards. Rewards: Earn see terms for rewards details. With discounts on useful services and integrations with financial software platforms like QuickBooks & Xero, Stripe can help your business grow in the right direction. Use your points to pay for travel expenses, redeem them for gift cards, or take them back in cold, hard cash. Visa benefits. While Divvy corporate charge cards do not have an annual fee. The SVB Innovators Card is designed to support growth for startups. Issuing business credit cards is risky because businesses fail so often. While many cards in the market now offer no foreign transaction fees, Divvy adds a fee of 0.2% to 0.9%. If your business spending doesnt follow a predictable pattern and/or you dont want to have to keep track of bonus categories for spending rewards, Ramp may be the corporate card for you. What's the benefit of getting a no personal guarantee business credit card? 1. Terms apply, visit, Exclusive offers, plus sneak previews and special savings, Included software identifies redundancies in spending, Sole proprietors are not eligible to apply, As a charge card, you cant carry a balance, 5-in-1 platform. Good credit is typically defined as a score above 670 on the FICO Score model, but its unlikely youll find many business credit card issuers willing to issue your business a credit card if your credit remains subprime unless you can collateralize or secure the line of credit. Youll get a flexible line of credit, with your future sales being your collateral. While Revenued doesnt offer any additional partner discounts, it does offer a generous welcome offer: $500 cash back after you spend $5,000+ within three months of getting your card. A KleerCard is best suited for growing businesses aside from being a credit card you can use to make purchases anywhere, it's a great expense management tool. Free accounting automation. $750 bonus cash back after spending $7,500 in the first 3 months after your account start date. Otherwise, a different card is likely a better, more rewarding fit. Some specific partner companies like Snap and Kasa. Finding the best credit card for your business needs can be overwhelming. Which card meets the needs of and best suits your business is up to you and how you run your business. Youll also gain access to $350,000 in exclusive Ramp partner rewards, bill payment, and a savings insight tool that aims to help companies find ways to cut costs and limit unnecessary spending. Since both options for business credit cards without a personal guarantee requirement and for secured business credit cards remain limited, we recommend you build some personal credit before applying for a business credit card, if at all possible. An EIN is a nine-digit tax ID number that sole proprietors, small business owners, corporations and other entities can apply for with and receive from the IRS. Rewards: Earn 1.5% cash back on every purchase. This field is for validation purposes and should be left unchanged. Bremer Bank Visa Signature Business Company Card. Make Brex your exclusive corporate card, and youll earn up to 8x points per dollar spent, with a minimum of 1x earning on every purchase. Points add up faster when all your employees purchases roll up into a single rewards account. Consumers join Sams Club so they can save on items they need regularly, but Sams Club also provides supplies to businesses. Save $50 on the first $150 purchase made within 60 days of account open date, Best for Businesses Resupplying With Sams Club, Best for Those Constantly Wondering Why the Printer Has No Paper. But the relative lack of options without a personal guarantee doesnt mean its impossible. The Brex card features a rewards scheme with 8x points for ridesharing apps and taxis, 5x on travel, 4x at restaurants, 3x on recurring software, 3x on Apple products, and 1x on everything else. Help us to improve by providing some feedback on your experience today. Theres no one best card for every business, and the same holds true with the cards not requiring a personal guarantee. One of the most enjoyable perks of the Sams Club Business MasterCard is that you can use it as a net 30 account and earn cash back on your Walmart and Sams Club purchases. These cards typically free you from personal guarantees and include perks such as improved expense reporting and easier access to flexible credit lines. $1M MAX: Brex v Ramp v Stripe v Amex. Partnerships and sole proprietorships must provide a personal guarantee to apply for the card. While these arent traditional business credit cards, your business may qualify for one without having to sign a personal guarantee. Explore the best options & rewards available, as well as eligibility requirements. Your credit limit is determined by your payment processing history on the platform as well as your bank history, and it will only grow as your business grows and you generate more payment volume. Since these cards require you to post a security deposit, they are relatively easy to obtain. Best Business Credit Cards Without a Personal Guarantee - WalletHub SVB Innovators Card is aimed squarely at startups. For cards where a personal guarantee is not required, an individual on the account may be able to avoid personal liability. The cards reward-earning makes it convenient for flush businesses with no need for 0% intro APRs, welcome bonuses and no desire for annual fees. Even if you dont qualify for a card that can be used for any type of purchase, you can still take advantage of perks at the stores your business uses most often. Finally, if you qualify for a corporate credit card and are determined to get one, know that although the requirements may be tough to meet, youll also get benefits not commonly offered by normal business credit cards, such as custom spend management, integrations with time tracking & accounting software, and other exclusive business perks. That can even mean suing the cardholder personally to get a judgment. For your monthly expenses, you get 2% back. The Forbes Advisor editorial team is independent and objective. Stripe Corporate is aimed at US-based businesses that use Stripe for payment processing. You can request an invitation online, but there is no guarantee that youll be accepted for the card. If your business fails and you cant pay off your balance, Many credit cards that lack a PG are corporate credit cards, which typically give you features like spend management and business software integrations, Some of these cards dont even check your personal credit when you apply, instead relying on other metrics, Many business credit cards with no PG require your business to be a corporation or LLC non-incorporated businesses will have a smaller set of options, Some business credit cards with no PG have high cash-on-hand requirements and are difficult for startups to obtain, Since most business credit cards require a PG, it may be hard to find a credit card that doesnt require a PG, Some business credit cards without a PG will initially require you to make daily repayments, You want a corporate credit card with a flat cash back rate, You like the idea of having a feature that identifies unnecessary business spending, You use products from Ramps partner companies, like Xero and Amazon Web Services, You want a corporate card but your business is not a corporation, You want a corporate card that lets you choose your repayment schedule, You spend a lot at restaurants and want a card that rewards this, You want budget management and employee spending limits with your corporate card, Received an equity investment of any amount (accelerator, angel, VC, or web3 token) or plan to in the near future, Earn more than $1 million/year in revenue, Be a tech startup that is on a path to meeting the criteria above, and is referred by an existing customer or partner, You want the highest available rewards rates for a corporate card and are willing to make Brex your exclusive business credit card, You want a card with multiple rewards redemption options, You want a corporate card with spend management, bill pay, and a mobile app, You must have 6+ months of business history, You must have a business bank account and maintain a positive account balance (an average daily balance of $1K+ is preferred), You must maintain a monthly revenue of $10K+, Your business spending is varied, and you want a spending card that handsomely rewards all your business purchases, Your business suffers from uneven cash flow, and you want a spending card that helps to even out your cash flow, You want a spending card with no personal guarantee and a nice welcome offer most of these other cards dont have a welcome offer, You use Stripe for payment processing (or if you want to), You own a new business and you want a no personal guarantee credit card with relaxed qualifications, You want a corporate card with a flat cash back rate and automatic reward redemption, You want to take advantage of Stripes partner rewards & discounts with services like Gusto and Guideline, You run a trucking business and you want a fleet fuel card with no personal guarantee, You run a non-trucking business with significant driving needs and you want a card that helps your business save on the cost of fuel, You want a fleet fuel card that doesnt limit you to certain gas station chains, You want a startup-friendly credit card with no PG and relaxed eligibility requirements, You want an unlimited number of employee cards for no extra charge, You want a business credit card with flat-rate rewards earning along with multiple redemption options, Specialized startup credit cards (like the SVB Innovators card). 1. Businesses looking to carry balances should look elsewhere, but for those who can pay off charges each month (or even each day) the Brex 30 Card offers a long list of perks. The card can be used anywhere where they accept MasterCard and you dont have to pay any additional annual or monthly fees. Free bill pay. You can apply for some business credit cards using an EIN, although in most casesbut not allyou have to provide a personal SSN as well. You will be personally liable for business credit card balances if you sign a legally binding personal guarantee when you apply for the card. Brex Treasury is not a bank; Brex Cash is not a bank account. 2022's Best Business Credit Cards With No Personal Guarantee (PG) Beyond requiring applicants to have a US bank account and EIN, Divvy is nontransparent about its eligibility requirements the one requirement it discloses is that most applying businesses must have at least $20K in an active account. Getting approved for a no PG credit card will also protect the personal assets of a small business owner personal if they incur business debt. The Office Depot/OfficeMax Business Credit card does provide some special financing terms on purchases over $299 but does not offer any cash-back or points rewards for your spending. They provide online and mobile services that can be accessed from everywhere, at any time. These include $5,000 in AWS credits, 25% off Slack for 12 months, $150 in Google Ads credit, 50% off Expensify for six months and many, many more. What credit score is needed for a business credit card? Youll also get access to a number of Coast partner benefits, such as a 10% discount on maintenance & oil changes at Jiffy Lube and a 30% discount on QuickBooks products for 6 months. Your rewards balance will be automatically credited to your balance each month. 2023 Forbes Media LLC. Most business credit cards require an individual often the business owner to serve as a guarantor that the balance on the card will be paid. Welcome Offer: Earn $50 credit for the first $150 purchase made within 60 days of account open date.