The Best Business Credit Cards With No Personal Guarantee
If you are looking for business credit cards with no personal guarantee, you must want to keep your personal liability different from your business liabilities. Such cards do not come with personal guarantees and hence offer an appealing protection. However, it is not easy to get one since you need a high credit score in most cases. Furthermore, such cards also require payment of high APRs.
What Are Business Credit Cards With No Personal Guarantee?
According to Forbes Advisor,
“Many business credit cards require a personal guarantee a business owner will pay off debt and this personal guarantee opens a business owner up to liability he or she may not have with respect to other finances. For all those who don’t want to risk personal liability, there are credit cards and accounts without personal guarantee requirements.”
In the next section, you will find the top five best business credit cards with no personal guarantee. These cards will help you to keep your personal finances and your personal risks separate from your business risks and business finances.
Top Business Credit Cards With No Personal Guarantee
According to Nedwallet,
“The vast majority of business credit cards require a personal guarantee, which allows creditors to go after your personal finances to recoup unpaid debt. If that’s a risk you aren’t willing to take, a few business cards are available without a personal guarantee. These cards come with their own tradeoffs — you may not be able to carry a balance or maximize rewards, for instance.”
The following are the major business credit cards with no personal guarantee, which you can choose if you want to separate business finances from personal finances:
1. Brex 30 Card
There is no personal guarantee on this card since the company sets the card’s credit limits on the basis of cash flow. If you want to become eligible, you can qualify by showing your spending patterns. Hence, if you do not have strong credit, you need not worry about a credit check. You can also qualify for a credit card which requires monthly payment.
If you are a business looking to carry a balance, you must check elsewhere since this option is not right for you. However, if you can pay off charges every month, this one is the best option for you.
| Annual Fee | $0 |
| Welcome Bonus | 10,000 points |
| Regular APR | Not Available |
| Credit Score | No Credit Check |
| Pros | On certain spending categories, you will avail of generous rewardsNo requirement for a personal guarantee |
| Cons | The card cannot carry a balance |
2. The Stripe Corporate Card
According to the Forbes Advisor,
“Requiring only a Stripe account to apply, The Stripe Corporate Card* is available by invite only, but charges no annual fees, no foreign transaction fees, and no late fees. With simple rewards and dynamic credit limits that will grow with your business, the Stripe Corporate Card packs in the partner offers and integrates with finance tracking software like Quickbooks, Expensify and Xero.”
You cannot carry balances here, and this card also requires you to pay off your balances every month. However, you can avail of partner benefits from thirty-six partners.
| Annual Fee | $0 |
| Welcome Bonus | Not Available |
| Regular APR | Not Available |
| Credit Score | Good/Excellent (700 – 749) |
| Pros | You can get various cashback on purchasesYou can customize the cardNo annual fees, foreign transaction fees, and late fees |
| Cons | There are no welcome bonuses |
3. Ramp Corporate Card
This one also charges no annual fees, and you can also earn 1.5% cash back on all purchases. However, you cannot get travel or lifestyle perks on this business credit card. If you want to control your spending, you will be able to do so with various tools the company offers.
| Annual Fee | $0 |
| Welcome Bonus | Not Available |
| Regular APR | Not Available |
| Credit Score | Excellent Credit (750 – 850) |
| Pros | No annual fee requiredThe connected software can identify redundancy in spending |
| Cons | You cannot apply if you are a sole proprietorYou cannot carry a balance if it is a charge cardVarious travel and lifestyle perks are not available. |
4. Sam’s Club Business Mastercard
if you frequent Sam’s Club and you require a business credit card with no personal guarantee, then this one is for you. If you make moderate gas purchases and eat out often, then this credit card is a great option to choose.
| Annual Fee | $0 |
| Welcome Bonus | Not Available |
| Regular APR | 20.65% or 28.65% variable |
| Credit Score | Good/Excellent (700 – 749) |
| Pros | You can earn 5% per dollar spent on Sam’s cash on gas purchasesVarious other perks related to dining and takeout.No annual fee |
| Cons | There are no welcome bonuses |
5. Office Depot Business Credit Account
Being a closed-loop card, this card only works in Office Depot and OfficeMax locations. However, with every purchase you make, you can avail of a reward. With a moderate welcome bonus and revolving credit terms, this card is a good choice for many.
| Annual Fee | $0 |
| Welcome Bonus | $50 |
| Regular APR | 20.80% – 29.99% variable |
| Credit Score | Good/Excellent (700 – 749) |
| Pros | You can save $50 on your first $150 purchase within 60 days after you open your accountNo annual feeFlexible payment optionsVarious offers and perks |
| Cons | High APR |
Summing Up
Hope the given “business credit cards with no personal guarantee” options are helpful enough for you. However, before you choose the card, make sure to visit the website of the provider, and read all information-related documents carefully. Choosing the right one will allow you to reduce the risks to your personal finances in case of default events.
However, just because there are no personal guarantee requirements, it does not mean that an issuer will not come after you to collect money if you default on the loan. Although these business credit cards are not as rewarding, finding the right one is still possible. Do you know of any better business credit cards like these? Share your info in the comments section below.
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soumava goswami
A passionate writer and an avid reader, Soumava is academically inclined and loves writing on topics requiring deep research. Having years of content writing experience, Soumava also loves creating blogs in other domains, including digital marketing, business, technology, travel, and sports.
