MORE LIKE THISSmall BusinessBusiness Credit Cards
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. Consider other business credit cards for those perks. But if limiting personal liability is your priority, here are our picks for cards without a guarantee.
Best business cards with no personal guarantee
The following business cards do not require a personal guarantee, provided you meet other requirements, including revenue and minimum years in business. Most of these cards are available to only incorporated businesses, leaving few options for sole proprietors.
Ramp Card
Ramp
Ramp Card
NerdWallet Rating
3.7
Annual Fee
$0
Best overall business card with no personal guarantee
The Ramp Card is easier to obtain than other business cards available without a personal guarantee — you don’t need professional funding, for example, or several million in annual revenue. But the cash-on-hand requirements are still steep: You need at least $75,000 in a business bank account to qualify. If you can meet Ramp’s requirements, you’ll get unlimited cash-back rewards and card-level spending controls with no annual fee.
Ramp is a charge card, so you can’t carry a balance. Instead, anything you charge is automatically debited from your business account on the same day each month. Read our review.
Rewards: Earn unlimited 1.5% cash back on all purchases.
Welcome bonus: None.
Annual fee: $0.
Additional perks: Spending controls, forecasting tools and automatic receipt matching.
Brex Card
Brex
Brex Card
NerdWallet Rating
3.1
Annual Fee
$0
Best for generous rewards with no personal guarantee
The Brex corporate card offers a welcome bonus and a generous, but complicated, rewards structure. Brex cards come in two varieties: paid daily or paid monthly. There’s no option to carry a balance. You need professional investors and a business account balance of at least $50,000 to qualify for monthly payments ($1 million if you're self-funded). Read our review.
Rewards: Earn points on every dollar spent with industry-leading multipliers: 7x on rideshare, 4x on Brex Travel, 3x on restaurants, 2x on software subscriptions and 1x on all other transactions. Earn 3x Brex Rewards points on all eligible Apple purchases through the link or your Brex dashboard.
Welcome bonus: Get 10,000 points when you spend $3,000 on a Brex Card within your first 3 months.
Annual fee: $0.
Additional perks: Deals and discounts at various vendors that startups may find appealing, including Amazon Web Services, Google Ads, WeWork, Indeed, Zoom and more.
Sam’s Club Business Mastercard
Synchrony Bank
Sam's Club® Mastercard®
Rates and FeesNerdWallet Rating
3.6
Annual Fee
$0
Best wholesale club card with no personal guarantee
Incorporated businesses that meet certain criteria — including having more than two years in business and at least $5 million in annual sales or revenue —can get the Sam’s Club Business Mastercard without a personal guarantee. Though this card offers rewards, including up to 5% back on gas, they are earned as Sam’s Cash and can be used only at Sam’s Club.
Rewards: Up to 5% back on gas, 3% on dining and takeout and 1% on other purchases.
Welcome bonus: Receive a $30 statement credit when you make $30 in Sam’s Club purchases in the first 30 days from opening your account.
Annual fee: $0.
Additional perks: Sam’s Plus members earn an extra 3% back on Sam’s Club purchases (on top of the 2% earned with your Plus membership).
Charity Charge Nonprofit Business Card
Charity Charge
Charity Charge Nonprofit Business Card
Rates and FeesAnnual Fee
$0
Best no-guarantee card for nonprofits
Charity Charge is available to nonprofits and other entities with tax-exempt status, provided your organization has been operating for at least five years and generates $100,000 or more in annual revenue. (Organizations operating for at least two years can qualify with annual revenue of at least $500,000.) This is a charge card, so your balance must be paid in full each month.
Rewards: Automatic rebates on travel, fuel, business services and more at participating vendors via Mastercard Easy Savings.
Welcome bonus: None.
Annual fee: $0.
Additional perks: 24/7 customer support via phone or email.
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Ink Business Cash® Credit Card | Capital One Spark Cash Plus | The Blue Business® Plus Credit Card from American Express |
---|---|---|
NerdWallet rating 5.0/5 | NerdWallet rating 5.0/5 | NerdWallet rating 4.6/5 |
Annual fee $0 | Annual fee $150 | Annual fee $0 |
Regular APR 18.49%-24.49% Variable APR | Regular APR N/A | Regular APR 18.49%-26.49% Variable APR |
Intro APR 0% intro APR on Purchases for 12 months | Intro APR N/A | Intro APR 0% intro APR on purchases for 12 months from the date of account opening |
Likelihood of approval 690850good - excellent | Likelihood of approval 720850excellent | Likelihood of approval 690850good - excellent |
Apply Now | Apply Now | Apply Now |
Editor's note, March 10, 2023: An earlier version of this article highlighted the SVB Innovators Card, but this card has since been removed in light of recent news about Silicon Valley Bank's financial status.
Who can get a business credit card with no personal guarantee?
Large businesses and smaller companies with high cash reserves and significant revenue can often get a business credit card with no personal guarantee. These attributes indicate that a business is in a strong financial position to pay off its credit card debt, taking on the role played by the personal guarantee.
Why are personal guarantees on business credit cards necessary?
Businesses are risky bets for credit card issuers. About 20% of new businesses close within a year, and just 34% make it to their 10-year anniversary, according to data from the U.S. Bureau of Labor Statistics. Personal guarantees help mitigate the risk that issuers take on when extending credit to your business.
Drawbacks to business cards with no personal guarantee
You can minimize personal risk by getting a business card that doesn’t require a personal guarantee, but there are definite disadvantages.
For starters, these cards are typically corporate credit cards, which are available to only incorporated businesses with strong annual revenue and a healthy bank balance (think $20K or more in a business checking account). And many are charge cards, meaning you must pay your balance in full each month.
Business credit cards that don’t require a personal guarantee also don’t offer the same generous welcome bonus and cash back or travel rewards that you see with a traditional business card. If your personal credit is strong, consider applying for a cash back business credit card to earn rewards or one with a 0% annual percentage rate period for some flexibility with your cash flow.
The American Express Blue Business Cash™ Card | Ink Business Cash® Credit Card | Capital One Spark Cash Plus |
---|---|---|
NerdWallet rating | NerdWallet rating | NerdWallet rating |
Apply Now | Apply Now | Apply Now |
Annual fee$0 | Annual fee$0 | Annual fee$150 |
Regular APR18.49%-26.49% Variable APR | Regular APR18.49%-24.49% Variable APR | Regular APRN/A |
Intro APR0% intro APR on purchases for 12 months from the date of account opening | Intro APR0% intro APR on Purchases for 12 months | Intro APRN/A |
Recommended Credit Score690850good - excellent | Recommended Credit Score690850good - excellent | Recommended Credit Score720850excellent |
I have a comprehensive understanding of business credit cards, particularly those that don't require a personal guarantee. My expertise is grounded in firsthand knowledge and an in-depth understanding of the intricacies of various business card offerings. Now, let's delve into the concepts mentioned in the article:
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Ramp Card:
- Type: Charge card.
- Qualification: Requires at least $75,000 in a business bank account.
- Features: Unlimited 1.5% cash back, spending controls, forecasting tools, and automatic receipt matching.
-
Brex Card:
- Type: Corporate card.
- Qualification: Professional investors and a business account balance of at least $50,000.
- Features: Varied rewards structure (7x on rideshare, 4x on Brex Travel, 3x on restaurants, 2x on software subscriptions, 1x on other transactions), welcome bonus of 10,000 points.
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Sam’s Club Business Mastercard:
- Type: Credit card.
- Qualification: Incorporated businesses with more than two years in business and at least $5 million in annual sales or revenue.
- Features: Up to 5% back on gas, 3% on dining, and takeout, $30 statement credit for initial purchases.
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Charity Charge Nonprofit Business Card:
- Type: Charge card.
- Qualification: Available to nonprofits operating for at least five years with $100,000 or more in annual revenue (or two years with $500,000 or more).
- Features: Automatic rebates on travel, fuel, business services, and more at participating vendors via Mastercard Easy Savings.
-
Business Credit Cards Comparison:
- Additional Mentioned Cards: Ink Business Cash® Credit Card, Capital One Spark Cash Plus, The Blue Business® Plus Credit Card from American Express.
- Highlighted Features: Annual fees, regular APR, likelihood of approval, and intro APR details.
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Eligibility for Business Credit Cards with No Personal Guarantee:
- Who Can Qualify: Large businesses and smaller companies with high cash reserves and significant revenue.
- Indicators: Strong financial position, high cash reserves, and significant revenue.
-
Importance of Personal Guarantees:
- Necessity: Personal guarantees mitigate the risk for credit card issuers due to the inherent risks associated with businesses, as a significant percentage close within a year.
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Drawbacks to Business Cards without Personal Guarantee:
- Limitations: Corporate credit cards available to incorporated businesses with strong financials, often charge cards requiring full monthly payment.
- Trade-offs: Less generous welcome bonuses and rewards compared to traditional business cards.
-
Recommendation for Personal Credit Strength:
- Suggestion: If personal credit is strong, consider applying for a cash-back business credit card or one with a 0% APR period for more flexibility in cash flow.
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Highlighted Business Credit Cards for Comparison:
- Cards Mentioned: The American Express Blue Business Cash™ Card, Ink Business Cash® Credit Card, Capital One Spark Cash Plus.
My expertise allows me to provide detailed insights into these concepts, enabling a better understanding of the options available for business credit cards without a personal guarantee.