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The Best Business Credit Cards With No Personal Guarantee

    Jared Beilby
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  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

You may not realize it, but even when applying for a business credit card, you’ll still generally be required to share your own personal information. Expect to be hit with a hard inquiry on your personal credit. You’ll also often need to provide a personal guarantee to cover your business’s liability personally.

Unfortunately, business credit cards that lack personal guarantees are few and far between. With how risky a proposition businesses are, issuers just aren’t comfortable handing out credit cards without some sort of extra backing. Still, there may be a few options out there for your business that don’t require a personal guarantee.

That’s why we’ve crafted this guide. Keep on scrolling down to find out if there’s a no personal guarantee credit card for your business!

Learn More About Our Top Picks

CompanyKey TakeawayNext StepsKey Takeaway
Brex Card

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The Brex Card is a great, no personal guarantee credit card geared toward startups.
The Brex Card is a great, no personal guarantee credit card geared toward startups.

Apply Now

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Ramp Corporate Card

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Businesses looking for a simple cash back no personal guarantee may be happy with Ramp's corporate card.
Businesses looking for a simple cash back no personal guarantee may be happy with Ramp's corporate card.

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Sam's Club Business Mastercard

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Businesses that spend frequently on gas, dining, and travel will be well suited to Sam's Club no personal guarantee business credit card.
Businesses that spend frequently on gas, dining, and travel will be well suited to Sam's Club no personal guarantee business credit card.

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Read more below to learn why we chose these options.

What Is A Personal Guarantee?

If you’ve already applied for a business credit card in the past, you may have an understanding of what a personal guarantee is and why it’s important. If not, here’s a quick primer on the topic:

In short, a personal guarantee is an individual’s legally binding promise that they’ll repay credit issued to their business with their own personal assets in case the business is unable to pay off the debt. That means you’ll be held personally liable for charges on your credit card balance if your business goes under or is otherwise unable to make payments.

Most business credit cards require a personal guarantee. Given that many small businesses close shop permanently on a regular basis, issuers and credit lenders are wary of holding a company solely liable. If issuers didn’t require personal guarantees on their business credit cards, they would lose money hand over fist, thanks to the frequent closure rate businesses face.

How To Get A Card Without A Personal Guarantee

For most small business owners, getting a company credit card without a personal guarantee probably won’t be a walk in the park. Many business credit cards on the market require some sort of personal guarantee — small business owners will usually need to step into corporate card territory to successfully find a card that doesn’t require such a guarantee.

How Easy Is It To Get A Card With No Personal Guarantee?

Simply put, you’ll find that cards that don’t require a personal guarantee are difficult to qualify for. In general, these cards are reserved for larger businesses with an established credit history. As such, the average small business owner won’t be able to apply successfully for a credit card with no personal guarantee.

Credit cards without a personal guarantee are frequently marketed as corporate credit cards. With this in mind, once your business is rather large (for instance, once it has enough employees or a high enough revenue stream), you may be able to sign up for a corporate credit card. These cards typically set you free from personal guarantees while also including other perks, such as improved expense reporting and easier access to flexible credit lines.

What You Need To Apply For A No Personal Guarantee Card

To start, your business will need to be financially stable. For example, the Brex card we list below can require, in some cases, that you have at least $50,000 in the bank. Other corporate cards without personal guarantees may have similar — or even stricter — requirements, such as over $1 million in annual revenue.

Beyond your business’s financial stability, you may also need to demonstrate consistent spending patterns and have an otherwise healthy financial history. Bear in mind that if you want to go the corporate card route, you probably aren’t eligible if your business is a sole proprietorship or otherwise not registered as an S-corp, C-corp, or LLC.

The Best Business Credit Cards With No Personal Guarantee

There are a few business credit cards on the market that don’t require a personal guarantee. While these aren’t traditional business credit cards, your business may qualify for one without having to sign a personal guarantee. Let’s take a look at the best no personal guarantee credit cards for business below.

Brex Card: Best For Startups

Brex Card



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Read our Review

Brex Card



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

Brex’s startup corporate card is one of the hot commodities on the corporate credit card scene. With up to 8x rewards and a robust software suite, this card is hard not to like. And, of course, it doesn’t require a personal guarantee.

The rewards scheme is especially snazzy. 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. Additional rewards options are available for tech, science, and remote companies.

The Brex card for startups does have stringent eligibility requirements, however. As mentioned above, you’ll need a business with at least $50,000 in the bank (there is an exception if your company pays off your balance daily — in that case, no minimum bank balance is required). Additionally, Brex is only eligible for C-corps, S-corps, LLCs, or LLPs organized and registered in the US.

Pros

  • No personal guarantee necessary
  • Great rewards for the right spending profiles
  • Solid portfolio of extra benefits

Cons

  • Stringent cash reserve requirements
  • Targeted towards a specific niche of companies
  • Requires you to make Brex your exclusive corporate card to take full advantage of its rewards package

Get Started with Brex Card

Read our in-depth review

Jump back to comparison chart

Ramp Corporate Card: Best For Cash Back

Ramp Corporate Card



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Read our Review

Ramp Corporate Card



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

The Ramp Corporate Card is another no personal guarantee option. It sets itself apart by offering a straight 1.5% cash back on all purchases. Beyond the cash back rewards, you can take advantage of $175,000 in the form of exclusive partner rewards and a savings insight tool that aims to help companies find ways to cut costs and limit unnecessary spending.

As for eligibility, Ramp says that eligible companies must have at least $250,000 in the bank. The company also notes that you won’t be eligible for the card if you are an individual or sole proprietorship. As for your credit limit, once approved — because there is no personal guarantee — Ramp considers your company’s cash balance, cash flows, and other financial health indicators.

Pros

  • No personal guarantee necessary
  • Simple and solid cash back rate
  • Algorithm-driven insights that can help save money

Cons

  • Somewhat stringent eligibility requirements, but the card is designed for corporation-sized businesses
  • Ramp is a very young company — the card just launched in February 2020

Get Started with Ramp Corporate Card

Read our in-depth review

Jump back to comparison chart

Sam's Club Business Mastercard: Best For Spending In Specific Categories

Sam's Club Business Mastercard



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Sam's Club Business Mastercard



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Annual Fee:


$0 (requires a Sam's Club membership)

 

Purchase APR:


16.90%-24.90% (variable)

While this credit card’s name suggests that it might have a limited use, it’s actually a pretty flexible card. You’ll receive 5% cash back on gas, 3% back on dining and travel, and 1% back on everything else — there are no restrictions on only getting bonus rates via Sam’s Club purchases. On top of those rewards, the fact that it’s a Mastercard means you can use it at pretty much any merchant.

This card does, however, require a Sam’s Club Membership, which will run you $45 per year. Plus, the card may not be reasonable if you aren’t located near a Sam’s Club.

There is another catch, too. If your company does less than $5 million in annual revenue, has fewer than 10 employees, or has been in operation for less than two years, you may still have to provide a personal guarantee.

Pros

  • No personal guarantee necessary
  • Solid cash back rates

Cons

  • Requires a Sam’s Club membership ($45 per year)
  • Stringent requirements to get the card without a personal guarantee fee

Jump back to comparison chart

Other No Personal Guarantee Credit Cards

There are a few other credit cards that require no personal guarantees. However, these are branded store cards that can only be used at specific locations and can’t be handed over to most merchants.

Here’s a quick rundown of these cards:

Issuers That Don’t Offer No Personal Guarantee Credit Cards

Many of the mainstream credit card issuers don’t offer normal business credit cards without personal guarantees. Here’s a quick look at some of the big players:

American Express

While American Express offers corporate cards, all of its business credit cards require some sort of personal guarantee.

Chase

Alongside the J.P. Morgan brand, Chase also offers its own variety of corporate cards. However, Chase’s standard business credit cards don’t lack personal guarantees.

US Bank

You can tap into US Bank’s corporate card program, but its standard business credit cards don’t skimp on personal guarantees.

Wells Fargo

You’re probably noticing a trend: Wells Fargo has a commercial card; however, the bank’s lineup of small business credit cards still requires personal guarantees.

FAQs About No Personal Guarantee Credit Cards

Do all business credit cards require a personal guarantee?

Almost all business credit cards require a personal guarantee. However, some credit cards, such as those listed in this article, do not require a personal guarantee.

What is the easiest business credit card to get?

The easiest business credit card to get will depend on your credit history, business revenue, and other factors. Generally speaking, secured business credit cards are easiest to get — even if you have bad credit — because the creditor has some collateral if you don’t repay your debt.

What business credit card gives the highest limit?

In general, business credit cards carry higher limits than personal credit cards. However, there are no guaranteed high limit credit cards. The business credit card with the highest limit for you will vary depending on your strength as a borrower and how the credit card issuer evaluates risk.

What credit score is needed for a business credit card?

Most credit card issuers will look for a credit score of 600 or above. However, people with lower scores might qualify for a secured business credit card or another card designed for borrowers with poor credit.

Can you use a business credit card for personal expenses?

You can put personal expenses on a business credit card, but it’s not a recommended practice. Learn more in our guide on personal expenses and business credit cards.

Don’t Qualify For A Card Without A Personal Guarantee? Your Next Best Options

Qualifying for a no personal guarantee credit card is a tricky task for most businesses. These cards are often designed for larger businesses that can successfully back a credit card on their own.

However, you can still likely qualify for a normal business credit card even if your business isn’t a fit for one of the above no personal guarantee cards. If you are in the market for signing your business up for such a card, venture on over to our best credit cards for businesses article.

In Summary: The Best Business Credit Cards With No Personal Guarantee

  • Brex Card: The Brex Card is a great, no personal guarantee credit card geared toward startups.
  • Ramp Corporate Card: Businesses looking for a simple cash back no personal guarantee may be happy with Ramp's corporate card.
  • Sam's Club Business Mastercard: Businesses that spend frequently on gas, dining, and travel will be well suited to Sam's Club no personal guarantee business credit card.
Jared Beilby

Jared Beilby

Expert Analyst & Reviewer at Merchant Maverick
A credit card analyst and expert in neobanking, Jared has been researching and writing about small business finance since 2018. His data studies have been cited in a number of media outlets, including Forbes, MSN, and NBC. He holds a Bachelor of Arts in Journalism from George Fox University.
Jared Beilby
View Jared Beilby's professional experience on LinkedIn.
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    Josette

    Hello 👋🏾

    This was an awesome article! Thank you for bringing valuable info & the gems 💎 but you missed one nonPG card- Divvy! You definitely want to add them to your list.

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