You can also get 5% back on gasoline purchases up to $6,000 (1% thereafter), 3% back on dining and takeout, and 1% back on all other purchases. Business credit cards with no personal guarantee often don't report to personal credit, and since you're not personally liable for the debt they won't report to personal credit even if you default on your payments. Generally speaking, secured business credit cards are the easiest to get, even if you have bad credit or no credit history. There is no minimum or maximum number of vehicles, but qualifying businesses need to be structured as partnerships, corporations, or LLCs. Other Benefits and Drawbacks: The Sams Club Business Mastercard* has zero foreign transaction fees and doubles as a Sams Club membership card, but doesnt offer many benefits beyond this. Yes. With a Ramp charge card, you can earn 1.5% cash back on all business purchases without having to target rewards categories. You can also streamline work items, including approvals and accounting. If your business spending doesnt follow a predictable pattern and/or you dont want to have to keep track of bonus categories for spending rewards, Ramp may be the corporate card for you. This Sams Club card is another option on our no-personal-guarantee business credit cards list. It provides credit cards and money management accounts to technology companies and startups. The best business credit cards, however, are those where the credit card issuer does not require personal liability to get approved. Here are some points to consider: A business credit card without a personal guarantee requirement sounds appealing, but youll be more likely to find a wider variety of options if you do provide a personal guarantee. You can use them as gifts, miles, a statement credit, or gift cards. For example, you can get a 25% discount on the annual subscription to Slack, three months free at Gusto and Guideline, and a $150 bonus for Google Ads. The Office Depot Business Credit Account* is a closed-loop card, meaning its only accepted by Office Depot and OfficeMax. Occasionally, we encounter noteworthy product options, even if they dont merit inclusion in our best-of lists. The cards reward-earning makes it convenient for flush businesses with no need for 0% intro APRs, welcome bonuses and no desire for annual fees. Various lending products ranging from $5,000 to $5,000,000 are available for most businesses, including those with limited history or bad credit, without requiring a personal guarantee. Coast is available for US-based businesses that operate fleets of vehicles. First off, many credit cards that dont require a personal guarantee are, in fact, corporate cards. Divvy does disclose that international companies may apply so long as at least one owner with a 25% or higher stake is a US citizen. Shell business gas cards come with a monthly balance that bears interest, yet, there are no other monthly, annual, or setup fees. SVB Innovators Card is aimed squarely at startups. Almost anyone with a business can get approved, even if you have bad credit. This compensation comes from two main sources. Note that we are not able to provide private consultations, give advice, or answer questions.
