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Business credit cards without personal guarantee requirements can help reduce risk to your personal finances in the event of default, but it wont guarantee an issuer wont be allowed to come after you if it wants to collect. Divvy now accepts all business types, from sole proprietorships to corporations to LLCs, although its website doesnt disclose this. This is one of the major selling points of the card and currently unique to the Ramp Card. Requirements: Credit score 600+, $250,000 per year revenue, 6 months in business. While Revenued doesnt offer any additional partner discounts, it does offer a generous welcome offer: $500 cash back after you spend $5,000+ within three months of getting your card. Advertiser Disclosure: Our unbiased reviews and content are supported in part by, Jason Vissers has been researching, analyzing, and writing about small business software and finance since 2015. Youll receive a discount of 2 cents per gallon of fuel purchased with the Coast card. Some providers list these requirements online, but you may also need to ask for more information. Unless your business has at least $5 million in annual revenue, a minimum of two years of operating history, and more than ten employees, you will not be eligible for this card unless youre willing to sign a PG. Companies using Ramp are also required to have at least $75,000 in the bank. Nonetheless, you cant expect to get a decent line of credit if you sign up for the card immediately after starting your first Stripe account. Its a limited selection, but for those who insist on keeping things separate, there are a few options. Conduct informed research before deciding which cards will best help you achieve your financial goals. Youll earn 1.5% back across the board on all purchases made with your Ramp card and can redeem these rewards in the form of a statement credit. EIN-ONLY STARTUP BUSINESS CREDIT CARDS. NO PG. $1M MAX: Brex v Ramp v Free bill pay. Id also recommend looking at our merchant cash advance calculator to understand what different factor rates mean in terms of your borrowing costs. 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. You can use them as gifts, miles, a statement credit, or gift cards. Nearly every major business credit card relies on a personal guarantee (PG) from the applicant. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Since these cards require you to post a security deposit, they are relatively easy to obtain. The rating of this company or service is based on the authors expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. When using a Bento Spent Limit card, you first have to load money onto it. According to the application form, your company must have more than $5 million in annual sales revenues, be more than 2 years old and have more than 10 employees. There are no other annual or monthly fees either, and extra employee cards are freely provided. For most small business owners, getting a company credit card without a personal guarantee probably wont be a walk in the park. Other Benefits and Drawbacks: The Brex 30 Card is a charge card, meaning it must be paid off every month in full. You also use your EIN when you open a business bank account or establish a vendor line of . Use the Stripe Corporate card, and youll earn a flat 1.5% cash back on every business purchase. The fraud protections offered to personal credit cards by federal law are not extended to business products, so fraud protections are not always guaranteed by credit card companies.
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