Business card providers may also extend some protection as a courtesy to small business owners. Although credit cards are relatively easier to apply for than traditional bank loans, it can be hard to find a financing company that requires a no personal guarantee for business credit cards. It's one of our best business cards with no personal guarantee. Sams Club Business Mastercard holders, particularly Plus members, can earn as much as 5% cash back annually on their first $6,000 spent on any Sams Club and Walmart gas stations, then 1% after the first $6,000 is reached. Application can be done online. Miles transfer program to 7 airlines (including Singapore Airlines, Qantas, Air France, and more) and their loyalty programs, giving Brex customers access to book travel across all of the major global airline alliances - Star Alliance, Oneworld, and SkyTeam. She is based in Washington, D.C. Assistant Assigning Editor | Student loans, small business. APPLY ONLINE BMO Harris Bank Business Platinum Rewards Mastercard Credit Card Earn up to 100,000 intro bonus points - get 50,000 points when you spend $5,000 within 3 months of account opening, and get another 50,000 bonus points when you spend $50,000 within 12 months of account opening But if youre just starting out or your revenue is in the thousands, not the millions, you likely wont qualify for a, While secured cards may require a credit check, most business owners are likely to qualify. Nearly all credit cards designed for small businesses require the applicant to personally guarantee the debt on the card. You can claim your reward as statement credit, travel, gift cards, or merchandise. Theres no annual fee, but members must pay a $100 fee for membership. However, if youre a Plus member, you can earn a 1% cash back on all eligible purchases, even those made on Sams Club. Build business credit: Brex partners with Dun & Bradstreet and Experian to report your on-time payments. Kelsey Sheehy is a personal finance writer at NerdWallet. A handful of, business cards report activity to personal credit bureaus, but only if youre seriously behind on your bill. All financial products, shopping products and services are presented without warranty. Failing to pay a business credit card can also significantly damage your business and personal credit scores because almost all business cards report serious delinquencies to consumer credit bureaus. The ramp offers an unlimited number of cards for all your employees without extra charges. The Bremer Bank Visa Signature Business Company Card is basically the only true business credit card that's available with no personal guarantee and isn't classified as a "corporate card." It targets "medium to large businesses" and it has high income and revenue requirements. If you are able to get one, you will enjoy no annual fee and a rewards program. That said, you can use the card virtually anywhere as long as the store accepts Mastercard payments. How to Be a Successful Business Loan Broker, A Basic Guide to Investing in Small Businesses, Types of Long Term Loans for Entrepreneurs, A Guide to Invoice Factoring for Small Businesses. Insured deposits will be available through the new bank. We believe everyone should be able to make financial decisions with confidence. Regular interest rates on business credit cards typically range from 17.49% to 28.24%, depending on the card and your personal credit score, among other factors. To apply for the Sam's Club Business Mastercard without personal guarantee, you need to have good to excellent credit. Just remember: If you miss a payment, youll forfeit the 0% period and be hit with a penalty APR. While consumer credit cards are protected by the CARD act of 2009, business credit cards are typically exempted from the same protections. Business Credit Cards | Compare Business Credit Cards | U.S. Bank The newer your Stripe account is, the lower your credit limit will be. The Bento for Business Visa Debit Card is an excellent choice for small businesses without a personal guarantee. 7 Business Credit Cards With (& Without) a Personal Guarantee Businesses with a fair credit score (650 and higher) may qualify for this credit card. Also, while it offers ongoing rewards, there's no sign-up bonus. The money you move from the Chime Spending Account to the Credit Builder secured account determines your credit limit. In general, a company must be well established, with significant revenue and a credit history of its own, before corporate cards become an option.