Business Credit Cards

Top Business Credit Cards with No Personal Guarantee Requirements

For business owners, having access to credit is crucial to keep their operations running smoothly. However, when it comes to applying for a credit card, most financial institutions require a personal guarantee from the business owner. This means that the owner's personal credit score and assets are used as collateral in case the business is unable to make payments. While this may seem like a reasonable request from the bank's perspective, it can be risky for the business owner. Fortunately, there are business credit cards available that do not require personal guarantees. In this article, we will discuss the top business credit cards with no personal guarantee requirements.

1. American Express Blue Business Plus

The American Express Blue Business Plus card is an excellent option for small business owners who want to earn rewards without having to provide a personal guarantee. This card offers 2x Membership Rewards points on all purchases up to $50,000 per year, and 1x points on all purchases after that. Additionally, there is no annual fee for this card, making it a cost-effective choice for businesses.

2. Brex Corporate Card

The Brex Corporate Card is another popular option for business owners who do not want to put their personal assets at risk. This card does not require a personal guarantee or a credit check, making it an excellent choice for startups or businesses with limited credit histories. The Brex card offers generous rewards, including 8x points on rideshares, 5x points on travel, and 4x points on dining. There is also no annual fee for this card.

3. Capital One Spark Classic for Business

The Capital One Spark Classic for Business is a credit card designed for entrepreneurs with average credit. This card does not require a personal guarantee, making it a good option for those who are just starting their business journey. The Spark Classic offers unlimited 1% cash back on all purchases, with no annual fee.

4. Discover it Business Card

The Discover it Business Card is a great choice for business owners who want to earn cash back without having to provide a personal guarantee. This card offers 1.5% cash back on all purchases, with no annual fee. Additionally, Discover offers a unique feature called Cashback Match, which matches all the cash back earned in the first year of card membership.

5. Wells Fargo Business Secured Credit Card

While technically a secured credit card, the Wells Fargo Business Secured Credit Card does not require a personal guarantee. Instead, the business owner must provide a security deposit, which serves as collateral for the credit limit. This card offers rewards, including 1.5% cash back on all purchases, with no annual fee. Additionally, the cardholder can increase their credit limit over time with responsible use.

Conclusion

As a business owner, it's essential to have access to credit to keep your operations running smoothly. However, it can be risky to provide a personal guarantee to obtain a business credit card. Fortunately, there are business credit cards available that do not require personal guarantees, offering peace of mind to business owners. The five cards discussed in this article are all excellent options, depending on your business needs and credit history. Choose the card that works best for your business and enjoy the rewards that come with responsible credit use.