Does Chase Require a Personal Guarantee for Its Business Credit Card?

A business credit card EIN only means you won’t have to supply an SSN to apply. These are the best business credit cards and are ideal for preserving your personal credit score.

While you may be able to achieve this in rare circumstances with a traditional financial institution, there’s still the concern of the personal guarantee.

Ideally, you want to avoid any blending of business and personal finances.

So, can you get a Chase business credit card without a personal guarantee? Generally, no. If you’re a small business owner applying for a Chase business credit card, you will be asked for a guarantee. This holds true for all Chase business cards.

The only way to avoid a personal credit check or sign a personal guarantee is to be an established business with significant assets and revenue as well as high credit scores. You can’t get a Chase Business Credit Card EIN only or without PG if you want a small business credit card.

But a Chase card isn’t your only option if you have no credit history. It’s also not the only one if you want to maintain a good personal credit history and protect your assets.

If you’re looking for business cards that are truly EIN only and feature no personal guarantee, we recommend the following.

No Personal Guarantee Business Credit Card Options

1. FairFigure Capital Card

The FairFigure Capital Card is a true EIN-only business credit builder card. It requires no personal guarantee, no personal credit check, and no paperwork.

The FairFigure Capital Card offers funding based on your business revenue rather than requiring a security deposit. The more monthly recurring revenue you generate, the more funding you can receive. This allows you to increase your credit limit as you grow.

It’s easy for most small businesses to qualify for. So long as you’ve been in business for at least three months and generate at least $2,500 monthly, account opening is accessible.

The FairFigure Capital Card offers perks like:

Flexible Payback Terms: Looking for more control than you’d receive with a business credit card? Choose between four-week and eight-week payback terms to better suit your small business's financial needs.
Cash Back: Get cash back on eligible vendor purchases.
Comprehensive Reporting: Your card activity is reported to CreditSafe, Equifax, the SBFE, and FairFigure’s own Foundation Report. This will help you boost your business credit score and build a positive credit history. You can boost this if you sign up for business credit monitoring services.

Funding your business is as simple as signing up with FairFigure. Better yet, you can use your virtual card while you’re waiting for your physical card in the mail.

2. Ramp Corporate Card

Corporate cards are one of the top options if you’re interested in startup business credit cards with no credit EIN only. The Ramp Corporate Card is a solid choice if this is the type of card you want.

The Ramp Corporate Card helps businesses tap into funding based on their financial health and performance. They don’t require a personal guarantee, and they don’t check your personal credit score.

This corporate card stands out because of its integration with Ramp financial software. The Ramp corporate card makes it easy to:

Establish spending limits on all cards to prevent out-of-policy spend
No fixed credit limit helps you improve funding as you grow
Tap into real-time financial insights and seamless expense tracking
Save an average of 5% by opening a Ramp Corporate Card
Leverage partner rewards to save on essential business purchases
Receive unlimited physical and virtual cards to cover everyone in your organization

With Ramp, you can start building credit quite easily. They report all transactions to the three top business credit bureaus: Dun & Bradstreet, Equifax, and Experian.

Remember to look at which business credit cards report to business credit bureaus when researching EIN-only cards. Some cards may not boost your business credit score.

The one thing to note with corporate cards is that they often have more stringent qualification requirements. The Ramp Corporate Card requires a minimum of $25,000 in a business checking account to qualify. If you don’t have that, you won’t likely qualify for this business card.

If you’re a sole proprietor or an individual, you also won’t qualify.

Since it’s a charge card instead of a business credit card, they require you to pay your balance in full each month.

3. ExxonMobil FleetPro Card

Corporate credit cards are likely the type of card you think of when it comes to EIN-only cards. These are often recommended when you’re looking for a business credit card. However, they’re not the only option when researching the best credit cards for your small business.

Fleet cards like the ExxonMobil FleetPro card are another alternative to business credit cards that require your SSN and a PG. Some check personal credit and require a PG, but not this one.

The ExxonMobil FleetPro Card is a great business card for the small business owner on the go. This fleet card offers benefits like:

Personal savings and other rewards when you fill up or make purchases at any of the 12,000 Exxon and Mobil stations. Each qualifying purchase may save you money.
Consolidated reporting and invoicing make it easier to track spend on your business card.
The power of credit card issuer Mastercard for spending outside of Exxon Mobil locations.
Security and purchase controls like driver PIN numbers, odometer readings, and additional features.

Exxon Mobil doesn’t state where this card reports.

Some sources claim it reports transactions to D&B, which will be good enough to boost your business credit score. You may wish to ask them more about which business credit bureau they report to when inquiring further.

4. Brex Card

The Brex Card is another corporate card option for businesses wanting a feature-rich charge card.

Much like Ramp, the Brex Card is inherently tied to Brex’s broader financial ecosystem.

That being said, Brex’s card features may be a bit more enticing. With a Brex card, you receive:

Up to 7x cash back (they outline eligible purchase details) and other rewards.
A dynamic credit limit that changes with you, allowing for higher credit limits over time.
Enterprise-grade security.
A wealth of cards designed around specific uses, including T&E cards, vendor cards, and beyond. Instead of a general card like you’d receive with a business credit card, you get cards designed around your needs.
Comprehensive card controls and oversight, including automated employee compliance, spend limits, and real-time expense tracking.
Reports to Dun & Bradstreet, Experian, and Equifax.

Brex’s eligibility requirements do require you to have raised at least $50,000 in funding. Alternatively, you can qualify with $100,000 as a minimum cash balance.

It is possible to get a Brex card without having any funding (should you get funded in the near future), but you’ll be subject to daily payments.

Build Business Credit with FairFigure

FairFigure makes it easy to build business credit without an SSN or a personal guarantee.

With FairFigure business credit monitoring services and the FairFigure Capital Card, you receive two vendor tradelines, helpful business credit features like rapid report corrections, and more.

Build business credit and tap into funding by signing up with FairFigure today.