Personal guarantees on credit cards are personally liable for all payments and the obligations charged to that card. A business card without personal guarantee means that you may be partially liable or not liable at all to repay the balance your business has defaulted.
Business cards without personal guarantees are usually corporate cards, but some of them can also be business charge cards. You can’t balance the latter.
Since most business credit cards require a personal guarantee to open an account, only a handful of cards are not entirely responsible for credit card defaults. Without personal guarantees, the best options for bankrate professionals for business cards are:
Compare the best business cards without personal guarantee
| Card name | Card Type | It’s perfect for | Reward |
|---|---|---|---|
| Lamp Corporate Card | Charging card | Management of business expenses | 1% to 1.5% cashback (depending on the creditworthiness of your business) |
| SVB Innovator Card* | Charging card | Fast-growing companies | 3x points on purchases and up to 3,000,000 reward points for your first six months of your account, or for spending up to $1 million (offered 7/31/2025). After that, double the points |
| Brex Card | Charging card | Important rewards | Up to 8x points for daily payments, and up to 7x points for eligible purchases with monthly payments |
Top business cards with no personal guarantee
How to choose a business card without personal guarantee
Choosing a business card can be difficult, and narrowing down options to cards without personal guarantees will further limit your options. The best way to choose is to know your monthly budget. Each month, identify how much you spend on your business and whether you can afford to pay. It is important to balance costs and income. Especially if some options are fee cards.
- We will assess your income and expenses: If you can’t afford to pay your monthly bill, a billing card is not a good choice for you. Instead, use a traditional business credit card that requires a personal guarantee.
- Decide on perks: Some business cards offer perks and perks of software and other business applications that will help you run your day to day. Please select the card with the bonus you want to use.
- Do not fix it to one function. A card without a personal guarantee seems good, but don’t make it romantic. If the card that does not have a personal guarantee does not match your needs, it may not be suitable for you.
How to minimize personal liability with business credit cards
Choosing a business card without personal guarantees is the best way to minimize personal liability for business debt. However, if you do not have one qualification, the amount you are responsible for when defaults on your business card is by default will primarily depend on the type of personal liability clause you agree to.
- Limited liability: The issuer can collect the dollar limits set.
- Unlimited liability: The issuer can earn the full amount and collect funding and legal fees.
If you are in the market for new business credit cards, choosing ones with limited personal guarantees rather than unlimited guarantees may provide some protection.
Of course, staying with account management can also help minimize the amount of money you are responsible for repayment. Avoid surprises by paying your bill in full, stop all fees when you can’t pay the minimum requested payment, and check your balance frequently.
Additionally, if you have an employee card connected to your account, check the fees. Many issuers allow primary card holders to set employee cards low charging limits or locks. If these features are available, these features can help you minimize unexpected liability.
FAQ
Conclusion
If you are comparing business credit cards, and you don’t want to take personal responsibility, the personal guarantee option may be appealing. Credit card companies can sue your business for unpaid credit card liabilities, but your personal assets are separated and protected.
However, there are some drawbacks. Business credit cards without personal guarantees are usually not available to sole owners and are difficult to meet additional requirements (such as minimum account balance and revenue streams). Generally, there are very few business cards available without personal guarantees. They also often offer less perks and rewards than other business cards.
*All information about SVB Innovators cards is collected independently by Bankrate and not reviewed or approved by the publisher.
Was this page helpful?
Why you want feedback?
Feedback helps us improve our content and services. It takes less than a minute to complete.
Your response is anonymous and will only be used to improve our website.
Helps to improve content