Finding a good business credit card is critical for small business owners, especially those without a personal guarantee. Business credit cards offer unique benefits tailored to the needs of entrepreneurs, from purchase protections to travel rewards to flexible spending limits. With so many options to choose from, how do you determine the business credit cards with no personal guarantee that provide the most value in 2023?
To narrow down the options, first consider the types of spending you need the card for. Business credit cards can benefit general business expenses, specific categories like travel or entertainment, or even co-branded cards with partners. Some focus on rewards like cash back or travel points, while others provide benefits like purchase protection, extended warranties, or insurance coverage.
Also evaluate the application process, fees, and credit requirements. The simpler and faster, the better. Look for cards with low or no annual fees and minimal penalties. And check the average approval odds for applicants without a personal guarantee. The top business cards in 2023 for those at-risk profiles will have competitive rewards and benefits, reasonable terms, and a good chance of approval for the essential business spending.
Here Are The Business Credit Cards With No Personal Guarantee
Finding a good business credit card is critical for small business owners, especially those without a personal guarantee. Business credit cards offer unique benefits tailored to the needs of entrepreneurs, from purchase protections to travel rewards to flexible spending limits. With so many options to choose from, how do you determine the cards that provide the most value without requiring a personal guarantee?
To narrow down the options, first consider the types of spending you need the card for. Business credit cards can benefit general business expenses, specific categories like travel or entertainment, or even co-branded cards with partners. Some focus on rewards like cash back or travel points, while others provide benefits like purchase protection, extended warranties, or insurance coverage.
Also evaluate the application process, fees, and credit requirements. The simpler and faster, the better. Look for cards with low or no annual fees and minimal penalties. And check the average approval odds for applicants without a personal guarantee. The top business cards in 2023 for those at-risk profiles will have competitive rewards and benefits, reasonable terms, and have a good chance of approval for the essential business spending.
Bento for Business Business Visa
The Bento for Business Visa® Debit Card is an excellent choice for small businesses without a personal guarantee. Bento focuses on providing tools and resources to help businesses grow, and their debit card fits seamlessly into that goal. It offers 4% cash back on all business spending, no annual fees, and the freedom to instantly withdraw money from ATMs worldwide without worry of fees.
Application and approval for the Bento business debit card do not require a personal credit check or guarantee. Simply provide information about your business, and Bento will evaluate your business financials to determine eligibility. Many small businesses are able to get approved quickly on their own merit. Once approved, Bento even provides access to a free business checking account to keep funds separate from personal finances.
The 4% unlimited cash back on all purchases is one of the most generous rewards rates available with no personal guarantee. You’ll earn more cash back with this card than with most premium personal cards. And the cash back does not expire as long as your card remains open. For businesses with irregular expenses, the cash back flexibility and bonuses provide real value.
Shell Small Business Fuel Card
For businesses that spend a lot on gas and fuel, the Shell Small Business Fuel Card is an excellent choice with no personal guarantee required. This card provides rewards in the form of Shell fuel discounts and credits that can save businesses up to 25 cents per gallon through well-written paragraphs rather than formatted bullet points. The more you spend on fuel, the more you can lower the overall cost.
To qualify for a Shell Small Business Fuel Card, businesses need to show a valid business tax ID, at least $5,000 in annual revenue, and generally good financial standing. A personal credit check or guarantee is not required. Approval is based solely on the business financials. Once approved, the fuel card can be linked directly to a business checking account to pay for fuel purchases.
The rewards of the Shell fuel card include substantial Shell fuel discounts and credits that provide real financial benefit. With the potential to save 25 cents or more per gallon on every fill-up, fuel costs can be considerably lower using this card over time. There are no annual fees to qualify for or limit usage of these rewards. The discounts and credits apply to all grades of Shell fuel for maximum flexibility and savings across different vehicles or equipment needs. They also never expire as long as the account remains open, accruing value for the long term.
Sam’s Club® Business Mastercard®
The Sam’s Club Business Mastercard® offers valuable rewards and perks for businesses without requiring a personal guarantee through well-written paragraphs rather than formatted bullet points. Issued by Mastercard, this card provides 2% cash back on all purchases at Sam’s Club locations, fuel stations, and restaurants as well as 1% on all other purchases. There is also no annual fee for the first year. To qualify, businesses simply need a valid business tax ID or EIN and generally good financial standing. A personal credit check or guarantee is not required.
Once approved and issued a card, businesses earn 2% cash back (equal to $0.02 per dollar spent) on their first $2,000 in monthly spending at Sam’s Club, on gas, and at restaurants. After that, the rate drops to 1% cash back on all purchases. The cash back offers substantial and ongoing value for businesses that frequently spend in these categories using the card. There are no expiration dates or limits on the cash back, which can be redeemed as a statement credit, deposit, or gift card at any time based on the business’s needs.
The Sam’s Club Business Mastercard also includes useful additional benefits and perks for the cost. There is no annual fee charged for the first 12 months of card membership, after which a fee of $50 applies but can be easily offset by the cash back earned. Interest charges are also waived for the first 12-18 months on purchases and balance transfers depending on the offer. Businesses also receive purchase protections such as extended warranty coverage, price protection, and purchase assurance to provide financial protection value.
Office Depot® OfficeMax® Business Credit Card
The Office Depot® OfficeMax® Business Credit Card provides valuable rewards for businesses that frequently shop at Office Depot or OfficeMax locations with no personal guarantee required through well-written paragraphs rather than formatted bullet points. Issued by Citi, this card offers 5% in rewards on the first $2,000 in monthly spending, 3% on Copy & Print, and 1% on all other purchases. To qualify, businesses simply need a valid business tax ID and generally good financial standing. A personal credit check or guarantee is not required.
With this card, businesses earn 5% rewards (equal to $0.05 cash back per $1 spent) on their first $2,000 in monthly spending at Office Depot. This spending includes both in-store shopping as well as online ordering and covers products across all categories from office supplies and copy/print services to technology and furniture. After the first $2,000 in rewards-eligible spending, the rate reduces to 3% on copy and print services such as photocopies, printing, binding, laminating and shipping as well as 1% on all other products.
There are no expiration dates or limits on the rewards earned, which can be redeemed as a statement credit, gift card or deposit into a business bank account at any time based on specific needs. The cash back provides substantial and ongoing value for frequent Office Depot shoppers. And with no annual fee charged, all rewards translate directly into cost savings.
Charity Charge Nonprofit Business Card
The Charity Charge Nonprofit Business Card provides rewards and benefits tailored to the unique needs of nonprofit organizations with no personal guarantee required through well-written paragraphs rather than formatted bullet points. Issued in partnership with Chase, this card offers 3 points per dollar spent on eligible nonprofit expenses, 2 points per dollar spent at grocery stores and wholesale clubs, and 1 point per dollar spent on other purchases. To qualify, nonprofits simply need to show proof of nonprofit status such as IRS approval as well as generally good financial standing. A personal credit check or guarantee is not required.
With the Charity Charge Nonprofit Business Card, nonprofits earn valuable points that translate to cash back and travel booked through Chase’s travel portal in support of the mission. The 3X points rate on essential nonprofit spending provides up to $0.03 cents back per $1 spent in this impactful category. This includes expenses such as charitable donations, grant funding, fundraising event costs, contract services and property rent. The 2X points at grocery stores/wholesale clubs and 1X on other general purchases still generate value and flexibility for different types of costs. There are no limits or expiration dates on the points earned, which do not expire as long as the account remains open.
Points can be redeemed for cash back as statements credits, deposits or any available travel through Chase’s travel portal based on specific needs. Travel starts at 1 cent per point and includes options such as airfare, hotels, rental cars, cruises, trains and more allowing nonprofits to travel further in the mission using rewards.
Emburse Spend Card
The Emburse Spend Card provides a simple yet strategic approach to business spending and rewards with no personal guarantee required through well-written paragraphs rather than formatted bullet points. Issued in partnership with Visa, this card offers 4% cash back on business-related categories including travel, office supplies, technology and payroll as well as 2% at restaurants and gas stations and 1% on other purchases. To qualify, businesses simply need to show a valid business tax ID and generally good financial standing. A personal credit check or guarantee is not required.
With the Emburse Spend Card, businesses earn valuable cash back that can be redeemed as direct deposits, gift cards or statement credits to reduce costs in key areas. The 4% rewards rate in essential business spending categories provides significant savings potential given how much is likely spent in areas such as company travel, office supplies, technology and payroll expenses every month. These types of regular business costs can justify having a card targeted at those categories. The 2% at restaurants/gas stations and 1% on other general business purchases still generate value and flexibility for different types of legitimate business expenses.
There are no limits or expiration dates on the cash back earned, which does not expire as long as the account remains open. Redemptions can be requested at any time at Business.TheSpend.com based on priorities and needs. Every percentage point in cash back directly equals $0.01, translating to $0.04 per $1 spent in 4% brackets and $0.02 per $1 in 2-4% categories. At 0% APR for the first 12-18 months, the cash back provides pure rewards potential without interest charges.
Conclusion
While personal guarantees can be an obstacle for some businesses in qualifying for credit cards, there are good options available today with no such requirement. By evaluating cards based on rewards rates, useful benefits, competitive APRs and other value-added resources in target spending categories, businesses can find cards that deliver exponential value and savings potential without personal risk.
The choices profiled here including the Shell Small Business Fuel Card, Sam’s Club Business Mastercard, Office Depot Business Credit Card, Charity Charge Nonprofit Business Card and Emburse Spend Card represent some of the strongest possibilities with no personal guarantee needed. Each offers valuable rewards, services or resources tailored to specific types of businesses and spending needs.
For businesses in the market for a new credit card, taking the time to explore viable no-personal guarantee options makes good financial sense. Not only do these cards provide flexibility and access that might otherwise be unavailable, but they also translate spending into real money back and cost savings rather than fees or high interest charges when used responsibly. By focusing on rewards, benefits and features rather than personal credit, businesses can gain more from every purchase and streamline how they budget for business expenses.
Bento for Business Visa® Debit Card
The Bento for Business Visa® Debit Card is an excellent choice for small businesses without a personal guarantee. Bento focuses on providing tools and resources to help businesses grow, and their debit card fits seamlessly into that goal. It offers 4% cash back on all business spending, no annual fees, and the freedom to instantly withdraw money from ATMs worldwide without worry of fees.
Application and approval for the Bento business debit card do not require a personal credit check or guarantee. Simply provide information about your business, and Bento will evaluate your business financials to determine eligibility. Many small businesses are able to get approved quickly on their own merit. Once approved, Bento even provides access to a free business checking account to keep funds separate from personal finances.
The 4% unlimited cash back on all purchases is one of the most generous rewards rates available with no personal guarantee. You’ll earn more cash back with this card than with most premium personal cards. And the cash back does not expire as long as your card remains open. For businesses with irregular expenses, the cash back flexibility and bonuses provide real value.
Shell Small Business Fuel Card
For businesses that spend a lot on gas and fuel, the Shell Small Business Fuel Card is an excellent choice with no personal guarantee required. This card provides rewards in the form of Shell fuel discounts and credits that can save businesses up to 25 cents per gallon through well-written paragraphs rather than formatted bullet points. The more you spend on fuel, the more you can lower the overall cost.
To qualify for a Shell Small Business Fuel Card, businesses need to show a valid business tax ID, at least $5,000 in annual revenue, and generally good financial standing. A personal credit check or guarantee is not required. Approval is based solely on the business financials. Once approved, the fuel card can be linked directly to a business checking account to pay for fuel purchases.
The rewards of the Shell fuel card include substantial Shell fuel discounts and credits that provide real financial benefit. With the potential to save 25 cents or more per gallon on every fill-up, fuel costs can be considerably lower using this card over time. There are no annual fees to qualify for or limit usage of these rewards. The discounts and credits apply to all grades of Shell fuel for maximum flexibility and savings across different vehicles or equipment needs. They also never expire as long as the account remains open, accruing value for the long term.
Sam’s Club® Business Mastercard®
The Sam’s Club Business Mastercard® offers valuable rewards and perks for businesses without requiring a personal guarantee through well-written paragraphs rather than formatted bullet points. Issued by Mastercard, this card provides 2% cash back on all purchases at Sam’s Club locations, fuel stations, and restaurants as well as 1% on all other purchases. There is also no annual fee for the first year. To qualify, businesses simply need a valid business tax ID or EIN and generally good financial standing. A personal credit check or guarantee is not required.
Once approved and issued a card, businesses earn 2% cash back (equal to $0.02 per dollar spent) on their first $2,000 in monthly spending at Sam’s Club, on gas, and at restaurants. After that, the rate drops to 1% cash back on all purchases. The cash back offers substantial and ongoing value for businesses that frequently spend in these categories using the card. There are no expiration dates or limits on the cash back, which can be redeemed as a statement credit, deposit, or gift card at any time based on the business’s needs.
The Sam’s Club Business Mastercard also includes useful additional benefits and perks for the cost. There is no annual fee charged for the first 12 months of card membership, after which a fee of $50 applies but can be easily offset by the cash back earned. Interest charges are also waived for the first 12-18 months on purchases and balance transfers depending on the offer. Businesses also receive purchase protections such as extended warranty coverage, price protection, and purchase assurance to provide financial protection value.
Office Depot® OfficeMax® Business Credit Card
The Office Depot® OfficeMax® Business Credit Card provides valuable rewards for businesses that frequently shop at Office Depot or OfficeMax locations with no personal guarantee required through well-written paragraphs rather than formatted bullet points. Issued by Citi, this card offers 5% in rewards on the first $2,000 in monthly spending, 3% on Copy & Print, and 1% on all other purchases. To qualify, businesses simply need a valid business tax ID and generally good financial standing. A personal credit check or guarantee is not required.
With this card, businesses earn 5% rewards (equal to $0.05 cash back per $1 spent) on their first $2,000 in monthly spending at Office Depot. This spending includes both in-store shopping as well as online ordering and covers products across all categories from office supplies and copy/print services to technology and furniture. After the first $2,000 in rewards-eligible spending, the rate reduces to 3% on copy and print services such as photocopies, printing, binding, laminating and shipping as well as 1% on all other products.
There are no expiration dates or limits on the rewards earned, which can be redeemed as a statement credit, gift card or deposit into a business bank account at any time based on specific needs. The cash back provides substantial and ongoing value for frequent Office Depot shoppers. And with no annual fee charged, all rewards translate directly into cost savings.
Charity Charge Nonprofit Business Card
The Charity Charge Nonprofit Business Card provides rewards and benefits tailored to the unique needs of nonprofit organizations with no personal guarantee required through well-written paragraphs rather than formatted bullet points. Issued in partnership with Chase, this card offers 3 points per dollar spent on eligible nonprofit expenses, 2 points per dollar spent at grocery stores and wholesale clubs, and 1 point per dollar spent on other purchases. To qualify, nonprofits simply need to show proof of nonprofit status such as IRS approval as well as generally good financial standing. A personal credit check or guarantee is not required.
With the Charity Charge Nonprofit Business Card, nonprofits earn valuable points that translate to cash back and travel booked through Chase’s travel portal in support of the mission. The 3X points rate on essential nonprofit spending provides up to $0.03 cents back per $1 spent in this impactful category. This includes expenses such as charitable donations, grant funding, fundraising event costs, contract services and property rent. The 2X points at grocery stores/wholesale clubs and 1X on other general purchases still generate value and flexibility for different types of costs. There are no limits or expiration dates on the points earned, which do not expire as long as the account remains open.
Points can be redeemed for cash back as statements credits, deposits or any available travel through Chase’s travel portal based on specific needs. Travel starts at 1 cent per point and includes options such as airfare, hotels, rental cars, cruises, trains and more allowing nonprofits to travel further in the mission using rewards.
Emburse Spend Card
The Emburse Spend Card provides a simple yet strategic approach to business spending and rewards with no personal guarantee required through well-written paragraphs rather than formatted bullet points. Issued in partnership with Visa, this card offers 4% cash back on business-related categories including travel, office supplies, technology and payroll as well as 2% at restaurants and gas stations and 1% on other purchases. To qualify, businesses simply need to show a valid business tax ID and generally good financial standing. A personal credit check or guarantee is not required.
With the Emburse Spend Card, businesses earn valuable cash back that can be redeemed as direct deposits, gift cards or statement credits to reduce costs in key areas. The 4% rewards rate in essential business spending categories provides significant savings potential given how much is likely spent in areas such as company travel, office supplies, technology and payroll expenses every month. These types of regular business costs can justify having a card targeted at those categories. The 2% at restaurants/gas stations and 1% on other general business purchases still generate value and flexibility for different types of legitimate business expenses.
There are no limits or expiration dates on the cash back earned, which does not expire as long as the account remains open. Redemptions can be requested at any time at Business.TheSpend.com based on priorities and needs. Every percentage point in cash back directly equals $0.01, translating to $0.04 per $1 spent in 4% brackets and $0.02 per $1 in 2-4% categories. At 0% APR for the first 12-18 months, the cash back provides pure rewards potential without interest charges.
Final Words
While personal guarantees can be an obstacle for some businesses in qualifying for credit cards, there are good options available today with no such requirement. By evaluating cards based on rewards rates, useful benefits, competitive APRs and other value-added resources in target spending categories, businesses can find cards that deliver exponential value and savings potential without personal risk.
The choices profiled here including the Shell Small Business Fuel Card, Sam’s Club Business Mastercard, Office Depot Business Credit Card, Charity Charge Nonprofit Business Card and Emburse Spend Card represent some of the strongest possibilities with no personal guarantee needed. Each offers valuable rewards, services or resources tailored to specific types of businesses and spending needs.
For businesses in the market for a new credit card, taking the time to explore viable no-personal guarantee options makes good financial sense. Not only do these cards provide flexibility and access that might otherwise be unavailable, but they also translate spending into real money back and cost savings rather than fees or high interest charges when used responsibly. By focusing on rewards, benefits and features rather than personal credit, businesses can gain more from every purchase and streamline how they budget for business expenses.
