{"id":225607,"date":"2019-09-12T14:06:39","date_gmt":"2019-09-12T13:06:39","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=225607"},"modified":"2026-01-29T02:51:22","modified_gmt":"2026-01-29T02:51:22","slug":"business-credit-cards-without-personal-guarantee","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-credit-cards\/business-credit-cards-without-personal-guarantee","title":{"rendered":"Business credit cards without a personal guarantee"},"content":{"rendered":"

Many large credit card providers don’t require a personal guarantee when you apply for a business credit card<\/a>.<\/p>

What is a personal guarantee?<\/h3>

A personal guarantee is a legal promise made by a business owner or an organisation to accept the responsibility to repay the credit issued to their business in case it fails to pay its debt.<\/p>

For a small corporation or a limited liability company that doesn’t have a credit history, the manager or stockholders typically personally guarantee that they’ll pay the debt in case the company goes bankrupt.<\/p><\/div><\/div><\/div>

Do business credit cards have a personal guarantee?<\/h3>

Some (but not all) business credit cards will require you to sign a personal guarantee to get approved for a card. However, this will normally be the case if your small business or startup<\/a> has limited credit history. <\/p><\/div><\/div><\/div>

Does a personal guarantee affect credit?<\/h3>

No, a personal guarantee will not generally appear on your credit file, and will have no impact on your credit score, provided you continue to use and pay off your card correctly.<\/p>

If you fall behind in payments or default on the card, this is likely to appear on your credit file and may affect your chances of getting another loan or credit card in future. <\/p><\/div><\/div><\/div>

Can I get a credit card without a personal guarantee?<\/h3>

While it can be difficult to find a business credit card with no personal guarantee, it’s still possible to do so. We contacted American Express and Barclaycard, and both confirmed that there is no need for customers to sign a personal guarantee when applying for a business credit card.<\/p>

If you’ve just started your business and you’re not entirely sure how it’ll go, your personal assets and financial future could be at risk. A card without a personal guarantee helps ensure that your personal finances will be secure even if your business fails.<\/p><\/div><\/div><\/div><\/div>

How to choose the right business credit card with no personal guarantee<\/h3>
  1. Work out what you need from a credit card.<\/strong> Do you want 0% on purchases, the ability to earn cashback and rewards, or a high credit limit?\t<\/li>
  2. Compare the market to find the right card.<\/strong> Some banks like Barclays don’t require customers to sign a personal guarantee. You could approach other lenders to enquire about their stance on this.<\/li>
  3. Pick the card you want to apply for.<\/strong> Make sure it meets all your criteria.<\/li>
  4. Negotiate.<\/strong> If you’ve been a long-time customer with your bank, you may be able to negotiate a card without a personal guarantee. Your chances are improved significantly if you have an excellent payment history, great business financials and low debt. Some banks may waive the personal guarantee after you’ve had the card for a few years or if you’ve built up your business credit score.<\/li>
  5. Make sure you meet the requirements.<\/strong> Another way is to meet the bank’s size and revenue requirements. Often times you can get past the personal guarantee if your business has a big enough revenue or a minimum amount of employees.<\/li><\/ol>
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    \n \n \n \n \n <\/svg>\n <\/span>\n Credit card jargon explained<\/span>\n <\/h4>\n
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