The Best Business Credit Cards With No Personal Guarantee

The Best Business Credit Cards With No Personal Guarantee

Business 6th November, 2023 9 Mins Read

If you are looking for business credit cards that don’t require a personal guarantee 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 that don’t require a personal guarantee Business Credit Cards With No Personal Guarantee? 

What Are business credit cards that don't require a personal guarantee 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 that don’t require a personal guarantee 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 that don’t require a personal guarantee Business Credit Cards With No Personal Guarantee 

Top business credit cards that don't require a personal guarantee 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 that don’t require a personal guarantee business credit cards with no personal guarantee, which you can choose if you want to separate business finances from personal finances:

1. Ramp Corporate Card

Brex 30 Card

It is easier to get your hands on a Ramp card. It is one of the best business credit cards that don’t require a personal guarantee in the US. No minimum personal funding is required for this card.  

There are many cards in the US that demand annual revenues worth multi million dollars.  

Wait! That’s not all. To get a Ramp card, you should have at least $75000. It is called cash on hand. You must have this amount in any business banking account.  

After you are eligible for the card, you get a host of benefits for no annual fee. For instance, you can get volumes of cash back. You can also set spending controls.  

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. 

Ramp offers you a charge card. So, there’s no way you can carry a balance on it. Any charges against your card are deducted directly from the business account linked with it. 

Annual Fee$0
Welcome Bonus10,000 points
Regular APRNot Available
Credit ScoreNo Credit Check
ProsOn certain spending categories, you will avail of generous rewardsNo requirement for a personal guarantee
ConsThe card cannot carry a balance

2. Brex 30 Card 

The Brex card comes with a lucrative welcome bonus. Even your Ramp card does not offer a welcome bonus. It also has vast rewards against purchases. There are two variants of this card: 

  • Paid daily 
  • Paid monthly 

It is one of the best business credit cards that don’t require a personal guarantee. The paid daily Brex card is almost like a credit card.  

The paid monthly option is for premium customers. For that, you need a minimum of $50000, from any potential investor.  

The reward structure of the Brex card is very lucrative. You get 7X reward for ride shares. At the same time, you may get 3X rewards against restaurant dine-in, too. Flat 1X rewards are available on all transactions.  

There is no personal guarantee on this card since the company sets the card’s credit limits based on 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 

3. Charge Card The Stripe Corporate Card

The Stripe Corporate Card

According to the Forbes Advisor,

This is the charity charge card. It is available for non-profit organizations mainly. To apply for it, you must hold a status of tax-exemption.  

Wait! There are other parameters too. Your company should operate for at least 5 years in the market concerned. After that, you should also generate a minimum of $100000 as revenue, annually.  

If your business is operating for 2 years and your turnover is $500000, you are eligible too.  

As it is a charge card, you must clear the full balance monthly.  

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 get a 24 by 7 customer support. In case you need to use it for a crucial payment and face trouble, contact their helpline, immediately. 
Cons There are no welcome bonuses 

3. Ramp Corporate Card

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 BonusNot Available
Regular APRNot Available
Credit ScoreExcellent Credit (750 – 850)
ProsNo annual fee requiredThe connected software can identify redundancy in spending
ConsYou 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

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 BonusNot Available
Regular APR20.65% or 28.65% variable
Credit ScoreGood/Excellent (700 – 749)
ProsYou can earn 5% per dollar spent on Sam’s cash on gas purchasesVarious other perks related to dining and takeout.No annual fee
ConsThere are no welcome bonuses

5. Office Depot Business Credit Account

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 APR20.80% – 29.99% variable
Credit ScoreGood/Excellent (700 – 749)
ProsYou can save $50 on your first $150 purchase within 60 days after you open your accountNo annual feeFlexible payment optionsVarious offers and perks
ConsHigh APR

How Do You Qualify For business credit cards that don’t require a personal guarantee  Business Credit Cards With No Personal Guarantee? 

You won’t get your business credit card with no personal guarantee so easily. Business owners need an EIN. This will help them qualify for the business credit card without any personal guarantee. The reason behind this is that these cards are usually corporate cards.

The corporate cards do not need someone to guarantee them. The reason is that these are developed for incorporated businesses like LLCs, C corps, S corps, and small businesses. Even businesses with only sole proprietorship can have corporate credit cards.

In place of a personal guarantee or credit check, business credit card issuers can protect their interests differently. Usually, it requires you to open a deposit account with your bank. Or you can link a bank account to the card and save a certain amount of money.

Although it does not serve as a security deposit, the cash account underwrites the line of credit of the business card. Or, they may require owners to demonstrate that their business is profitable and makes a sufficient amount in monthly or annual revenue streams.

Minimize Your Personal Liabilities With Business Credit Cards

If you want to minimize your personal liability for business debt, then choosing a business credit card is a good option. But suppose you are not eligible for a business credit card. In that case, you will be responsible for an amount when you default on a business credit card with a personal guarantee, depending specifically on the type of liability clause you have agreed upon.

  • Limited liability: an issuer can collect on a specific dollar limit.
  • Unlimited liability: The issuer can collect the entire due amount, with financial and legal fees included.

The business credit cards that don’t require a personal guarantee can be helpful for managing business finance better. Additionally, you get several kinds of rewards. These rewards are your extra earnings. Some of the perks can be used later as well.  

However, the number of business credit cards that don’t require a personal guarantee is very limited. Most cards want a personal guarantee to recover their money, in case you miss repayment. Your guarantee becomes your insurance against the card.  

If you want a business credit card, you can get a card with a limited personal guarantee. It would be better to get one of the limited personal guarantee cards than one with unlimited liability for protection to some degree. Also, if you have a business card, the type of liability clause attached to your guarantee should be available in the contractual agreement. 

Moreover, you can minimize some of your liabilities by maintaining control over your account. So, it would be best for you to pay all the bills on time and in full. You can also halt all the changes if you cannot pay the minimum requested amount. And most importantly, keep your balance in check frequently.

Do your employees also have cards attached to that account? If so, you can review different charges. Many card issuers have features allowing the primary cardholder to set locks and limits on employee cards. It would be beneficial if you took help from those features.

Other cards 

Other than the top ranking business credit cards that don’t require a personal guarantee, I would mention some others too. Firstly, I would speak of the SVB Innovators card. This card is mainly for small-scale start-up companies.  

If you have an account with SVB, you can be eligible for the card.

Summing Up

Hope the given business credit cards that don’t require a personal guarantee “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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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.

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