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The Best Business Credit Cards With No Personal Guarantee

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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, but you’ll also often need to provide a personal guarantee to personally cover your business’s liability.

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

CompanySummaryNext Steps
Brex Corporate Card for Startups
Best for startups and companies brimming with fresh capital.

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Ramp Corporate Card
Best for those looking for a simple, cash back rewards scheme.

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ScaleFactor Charge Card
Best for small businesses that can also take advantage of ScaleFactor's bookkeeping suite.

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Sam's Club Business Mastercard
Best for businesses that fit the spending habits of the card's cash back rates.

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Bremer Bank Visa Signature Business Company Card
Best for businesses located in the Upper Midwest of the U.S.

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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 debt. This means that 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 some sort of personal guarantee. Given the fact 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 do 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 successfully apply 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 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 has a requirement that you have at least $100,000 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 Corporate Card For Startups

Brex Corporate Card for Startups



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Brex Corporate Card for Startups



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

Best for startups and companies brimming with fresh capital.

Brex’s startup corporate card is one of the hot commodities on the corporate credit card scene. With up to 7x rewards and a robust software suite, this card is hard not to like. And of course, it doesn’t require a personal guarantee.

On top of those goodies, Brex showed great nimbleness in the face of the COVID-19 pandemic. The company launched a remote work-focused rewards scheme that dishes out 7 points per dollar spent on collaboration tools, 3 points per dollar on food delivery, and 2 points per dollar on recurring software subscriptions. This customer-focused flexibility has certainly given us a positive outlook on Brex.

The Brex card for startups does have stringent eligibility requirements, however. As mentioned above, you’ll need a business with at least $100,000 in the bank (there is an exception if your company is professionally funded and has its bank connected to Brex — in that case, the cash reserve requirement is a minimum of $50,000). Additionally, Brex states that it considers “a company’s business model, source of funds, spending patterns and other areas that may pose higher risk” to Brex and its partners.

If you don’t match this card’s startup profile, Brex also offers a no personal guarantee corporate card for eCommerce. You may also be interested in the company’s life sciences corporate card or its enterprise corporate card.

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 Corporate Card for Startups

Read our in-depth review

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Ramp Corporate Card

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)

Best for those looking for a simple, cash back rewards scheme.

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 doesn’t publicly reveal any minimum requirements for potential applicants. The company does note that if you are an individual or sole proprietorship, you won’t be eligible for the card. 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

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

Read our in-depth review

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ScaleFactor Charge Card

ScaleFactor Charge Card



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ScaleFactor Charge Card



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Annual Fee:


$0

 

Purchase APR:


N/A (this is a charge card)

Best for small businesses that can also take advantage of ScaleFactor’s bookkeeping suite.

You won’t be seeing any snazzy rewards with the ScaleFactor Charge Card. It simply generates 1% cash back on all purchases. However, this card taps into ScaleFactor’s accounting software to help your business track receipts and expense reports. You’ll also be able to take advantage of physical, virtual, or temporary cards as well as flexible spending limits for each card handed out to employees.

This card can be applied for once your business’s bank account is connected to ScaleFactor and you’ve attached your accounting file to ScaleFactor. Because of the way ScaleFactor’s charge card is set up, you won’t need to worry about harming your personal credit — and there’s no personal guarantee.

Pros

  • No personal guarantee necessary
  • Utilizes ScaleFactor’s software to manage expense reports
  • Designed for small businesses, not corporations

Cons

  • Requires becoming a ScaleFactor customer before applying
  • Has a minimal rewards rate

Jump back to comparison chart

Sam's Club Business Mastercard

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)

Best for businesses that can take advantage of the card’s cash back rates.

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 a gas, 3% back on dining and travel, and 1% back on everything else — there’s 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 nearby 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

Bremer Bank Visa Signature Business Company Card

Bremer Bank Visa Signature Business Company Card



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Bremer Bank Visa Signature Business Company Card



Visit Site

Annual Fee:


$0

 

Purchase APR:


13.99%-22.99% (variable)

Best for businesses located in the Upper Midwest of the U.S.

Bremer Bank’s company card is one of the few true business credit cards that lacks a personal guarantee requirement. However, this card is only available to businesses located in Minnesota, Wisconsin, or North Dakota and is still aimed at businesses in the “medium to large” range. Additionally, to qualify for the no personal guarantee option, your business must have done at least $1 million in annual revenue and $350K in net annual income for the previous two years at minimum.

Pros

  • No personal guarantee necessary
  • Free rewards program available

Cons

  • Only available to businesses based in Minnesota, Wisconsin or North Dakota
  • Stringent guidelines to be eligible for no personal guarantee

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 does offer 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 require personal guarantees.

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 doesn’t fit 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

Jared Beilby

Jared Beilby

Jared is a writer hailing from the Pacific Northwest. Besides writing for Merchant Maverick, he has experience writing about sports and video games. He holds a Bachelor of Arts in Journalism from George Fox University.
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