Business Credit Cards Without Personal Guarantee
With patience and over time you can get business credit cards with no personal guarantee.
Business credit cards without personal guarantee. A representative of the company almost always has to agree to personally pay any balances the business cannot. In general these cards are reserved for larger businesses with an established credit history. Thats because credit card companies want to see that you have some skin in the game so.
Of all the credit cards we reviewed only one the Bremer Bank Visa Signature Business Company Card doesnt require a personal guarantee. Key Features of the Bremer Bank Visa Signature Business Company Card. Credit cards without a personal guarantee are frequently marketed as corporate credit cards.
That said the card is designed for medium and large businesses only which excludes many small-business owners. If youre trying to avoid the personal credit check that most business credit cards require you could consider a prepaid card. The short answer is it is very difficult to get business credit for a startup with no personal guarantee.
The Brex Corporate Card for Startups is a corporate credit card that foregoes personal guarantees. You may have an option to negotiate out of a personal guarantee requirement if you have strong business financials a low debt obligation and solid payment history. No personal guarantee business credit cards do exist though only a handful of card issuers offer them.
Its really the only way to get a business credit card no personal guarantee required. The Visa Signature Business Company Card is 1 of 5 business credit cards offered by the bank but it is the only card available without a personal guarantee. If youre a road warrior or you manage a fleet of drivers the Shell Small Business Card could be one of the best business credit cards with no personal guarantee for you.
Underwriting is based on your business bank account balance spending patterns and investors. Corporate credit and charge cards are the main way to get around a personal guarantee for a business card but theyre definitely not for every business. The Brex Daily card offers valuable rewards and benefits and is paid every day from your Brex Cash account balance.