Is there a credit card for a small business that is not based on the owners credit?

Question

Is there a credit card for a small business that is not based on the owners credit?

Answer 1

no as the owner is responsible for repayment of the debt

Answer 2

I have tried myself to find such a credit card.  I afraid I didn't find what I was looking for. The best I could do is business debit.  It depends on the type of business it is I think.  If you are the sole proprietor or if it is a partnership, it is harder to get a credit card for the business that is not linked directly to the owner(s) finances because the entity is linked to the owners on legal and tax purposes.

Answer 3

Maybe..but probably w/ a 50 percent interest rate..LOL

Answer 4

Most credit cards will require a principal of the company to submit personal information - even if you are a corporation in many cases.

If you are a sole proprietorship, you and your business are a single entity, and therefore, jointly responsible regardless of any DBAs. If you are a corporation however, there are credit cards that will use the federal tax ID number only when reviewing credit history. I have both a Chase and BofA business card accounts with required no personal information - but these were invitations by banks with whom we had a relationship with.

Answer 5

The only time it wouldn't be based on the owners personal credit is of the company is a corporation. Otherwise a sole proprietor business is the same as the owner.