Secured Business Credit Card

Reports to Experian Business & Equifax Small Business

This secured business credit card allows a business owner to start building business credit easily with no personal credit check and no personal guarantee. This is the best starter card and puts you on the path to obtain an unsecured business credit line.

With this card, you can receive 1.5% cash back and rewards plus build your business credit.

There is no credit check or minimum revenue requirements.

Requirements:

  • No personal credit check
  • No personal guarantee
  • EIN Number
  • Business bank account
  • Minimum 3 months in business
  • Minimum security deposit is $500

Business Credit:

  • Reports monthly to Experian Business and Equifax Small Business

To apply go to => http://securedbusinesscredit.org

  • 1

    No Personal Guarantor

    What is a personal guarantee? A personal guarantee is a written promise from a business owner guaranteeing that payment will be made in the event that the business fails to pay.
    Whether the business enters into a lease, applies for a business loan or line of credit, you’ll find that many creditors will require a personal guarantee to secure financing especially if you’re a small business.
    Corporate charge cards have certain revenue requirements that is large enough and profitable enough that no personal guarantor is required.

  • 2

    Obtaining a Corporate Card

    Obtaining a corporate credit card account for your business will often require a conversation with a corporate account manager. Be prepared to provide data and documents about your company's financials, including revenue statements and bank account information prior to applying.

  • 3

    Waivable Personal Guarantee Requirements

    In some cases, you don't need to meet million dollar+ revenue requirements to obtain a corporate charge card. A small number of charge cards such as the Smart Corporate Card, Brex & Ramp (listed here) have much lower dollar amounts.
    There are also retail co-branded business credit cards that offer the option to waive the pg requirement such as the Sam Club Business Credit Card.