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When shopping for a business credit card, you may come across an intriguing idea: business credit cards that can be obtained with just an EIN: no Social Security number or personal guarantee required.
To keep your personal finances separate from your business finances and risk, obtain a business credit card that won’t require you to provide a personal guarantee.
Almost all business credit card vendors require an SSN and an EIN when determining eligibility. Normally, they perform a personal credit check and require a personal guarantee. But not the cards on this list. These are corporate credit cards and gas cards that primarily want your EIN.
We’ve waded through dozens and dozens of small business credit cards to find which ones have no personal guarantee so that you can simplify your search and quickly find the right no PG credit card for your business.
The best business credit cards with EIN-only applications include corporate cards like Brex, Ramp and Divvy, among others. Compare options and learn more.
Here’s what you need to know about your options for business credit cards with no personal guarantee (and whether you can get one).
7 Best Business Credit Cards With No Personal Guarantee 2024. Updated June 3, 2024. Published June 3, 2024. REVIEWED BY: Tricia Jones. WRITTEN BY: Benilyn Formoso. Editor’s note: This is a recurring post with regularly updated card details.
Qualifying for business credit cards with no personal guarantee will require an established business and an Employer Identification Number. Instead of a personal guarantee or credit check, business card issuers will likely require you to open a deposit account or link a bank account to the card.
Small business credit cards without a personal guarantee are rare, as a representative of the company must almost always agree to personally pay any balances the business cannot. Large corporations with tens of millions of dollars in annual revenue can get corporate credit card accounts that don’t have this guarantee.
However, there are several business credit cards that don’t require a personal guarantee. Learn what a “no PG” business credit card is, how to get business credit cards without a personal guarantee, the perks offered, and the best credit cards for business without a personal guarantee.