When most businesses apply for a credit card, they somehow end up signing a personal guarantee. This means a legally binding promise that if the business fails to pay, the owner or guarantor becomes responsible. This is where business founders look for the best business credit cards with ein only. Business founders prefer to apply for business credit cards because an EIN separates personal and business liability.
It means that if your business fails to pay, the issuer can’t pursue your personal assets if you haven’t signed any personal guarantee. In this guide, we will talk about the best EIN credit cards and the benefits of having one. So, if you are excited and want to know more, stay with us.
What is an EIN-Only Credit Card?
An EIN-only credit card is a term that describes a credit card that allows you to apply without your Social Security Number (SSN). It is important to understand that an EIN credit card is issued based on your business’s financial strength, revenue, and credit history. Because you have applied with an EIN instead of an SSN, the responsibility for the repayment belongs entirely to the business, not the founder. This helps to protect your personal assets by separating them from your business.
Applying for the Best business credit cards with ein only allows your business to build its own credit independently. Here is one thing that needs to be kept in mind: if your business is new and applying for a business credit card with an EIN only, it will be difficult to qualify. EIN-only credit is mostly offered to well-established businesses with strong cash flow or strong business credit.
Top EIN-Only Business Credit Cards For Founders
Below, we have listed some of the Best business credit cards with ein only. Also, we have listed the features and drawbacks for you. This will help you to grab the best deal easily. Have a look at it.
Ramp Corporate Card
- Benefits / Features
- No Personal guarantee or personal credit check required – It uses only business EIN, so that the owner’s personal assets and credit are separate.
- $0 Annual Fee – This is one of the best features of this card. It doesn’t charge any foreign transaction fee, and there is no fee for card replacement. Apart from this, there are no late fees or interest costs because it is a charge card.
- Built-in Expense Management Tools – It provides unlimited physical and virtual cards for employees and offers real-time spend controls. Also, the ability to set vendors or category-level blocks. In addition, it offers automatic receipt matching features and integration with accounting software like QuickBooks, NetSuite, etc.
- Flat Cash Back Rewards – Offer cash back rewards of around 1.5% on purchases and provide potential savings insights. Moreover, the Ramp corporate card offers partner discounts/benefits with certain vendors.
- Cons/ Limitations of Ramp Corporate card
- You need to pay the full balance every billing cycle
- Only available to incorporated entities like corporations, LLCs, etc.
- It requires your business to have strong financials or a healthy cash balance.
- It offers fewer travel/premium perks than a traditional credit card.
Ramp Corporage can be ideal if you have a growing business, startups, or companies with stable cash flow wanting to separate business and personal finances.
Brex Corporate Card
- Benefits/Features
- No Personal Guarantee or Credit Check – The Brex corporate card is issued based solely on the company’s financials, such as cash balance, business performance, and revenue.
- Generous Rewards – It offers up to seven times points on categories like rideshare, travel, restaurants, and subscriptions, with redeemable flexibility.
- Ideal for Global Operations – The card supports multiple currencies and is accepted in several countries. It is ideal for businesses with international expenses.
- Allow to Centralize Finance Operations – Integrates well with several business tools like accounting, HR, ERPs, etc. It is great if you are eyeing to centralize finance operations.
- Cons / Limitations of the Brex Corporation Card
- Offer no benefits to building personal credit.
- Required more effort than a simple cash back card to manage.
The card is considered best for startups, VC-backed companies, or businesses with moderate to high recurring expenses.
Bill Divvy Corporate Card
- Benefits / Features
- It requires no annual fee.
- No hard personal credit check
- Works with EIN, so assets / Credit are not needed.
- Provide physical and virtual cards.
- Offer customization, spending limits per card or employee.
- Considered ideal for teams or companies with multiple users.
- The card is built in an expense management platform, and it helps with budgeting, controlling spend, and offer tracking in real time.
- Cons / Limitations of Bill Divvy
- The rewards program of the card is complicated.
- You are required to meet the minimum spend threshold to get rewards.
- Balance often needs frequent repayment
- The rewards value is relatively low compared to some other Best business credit cards with ein only.
The card is considered ideal for small to mid-sized teams who are looking for expense control and multiple cards for employees.
Rippling Corporate Card
- Benefits / Features
- No Personal Credit Check – The card is similar to Ramp or Brex corporate cards. The card doesn’t require any personal credit check or personal guarantee. The card approval depends on the business’s financials, not the owner’s SSN.
- Flexible Repayment Schedules – This helps businesses manage cash flow better than strict monthly charge cards.
- Good Integration – Offers to connect corporate cards, expense management, payroll, and other business functions easily.
- Cons / Limitations
- The card is potentially for overspending or misuse if internal control and policies are not implemented well.
- Required strong business, financial, and stable revenue for application approval.
- Not good for a startup or very small business without cash flow.
The card is ideal for companies that are already using the ripping’s other platforms.
How to Get EIN-Only Credit Cards?
Below, we have listed how you can get the Best business credit cards with ein only and what you require. Have a look at it to understand it better.
- Get Your EIN From the IRS
First, you need to apply for an employer identification number (EIN) for free on the IRS website. Once your application is approved, you will receive a 9-digit EIN instantly via email.
- Why EIN Matters
- It is important for business credit cards.
- Help to separate business finances from personal finances.
- Form a Legal Business Entity
Remember that to qualify for EIN-only business credit cards, your business must exist legally.
- Best Options are
- LLC
- Corporation (C-Corp/S-Corp)
Note: – Banks rarely accept or approve an EIN-only application for sole proprietorships.
- Set Up your Basic Business Information
Before applying, make sure your business has some things: –
- Your business should have a legal name.
- Should have a business address.
- A business phone number.
- A business email.
- A business website.
- NAICS industry code.
These simple but important things build trust with lenders.
- Establish Your Business Credit Profiles
Create an account with: –
- Dun and Bradstreet
- Experian Business
- Equifax Business
- Build Starter Business Credit Score
You can start with Net-30 vendor accounts.
Below, we have listed a vendor’s account example that reports:
- Uline
- Quill
- Summa Office Supplies
- Crown Office Supplies
Note – Paying invoices early helps you get a strong PAYDEX score.
- Open a Business Account
Remember banks look for: –
- Active business revenue
- Look for regular deposits
- Look for no overdraft history
- Apply for the best business credit cards that offer EIN-Only Approval.
You can apply for a card using only your EIN with available providers like: –
- Brex
- Ramp
- Stripe Corporate Card
- Shell Small Business Fuel Card
- Sam’s Club Business Card
The card we have listed for you doesn’t require any personal guarantee, SSN, or a Personal credit check.
This is how you can get the Best business credit cards with ein only.
Things To Consider Before Applying for an EIN-only Card
Below, we have listed some of the things that everyone should consider before applying for an EIN business credit card. Have a look at it.
- Always consider your business structure because not all business types qualify for EIN-only cards.
- Many EIN-only credit cards require a minimum monthly revenue. So always consider your common revenue requirements.
- Remember, an EIN-only card doesn’t use your SSN, but lenders still check your business credit profile.
- PAYDEX Score
- Experian Business score
- Equifax Business Score
- Always consider your cash flow and Bank Balance.
- Remember, your business age plays an important role in qualification. Startups can qualify if they show good revenue, but older businesses have an advantage.
- Be prepared with your important documents, like EIN documents, Business information papers, and many more.
These are some of the things that you need to consider before you apply for the Best business credit cards with ein only.
Conclusion
Getting the Best business credit cards with ein only is not easy because it requires some legal and legit information before accepting your application. However, if you have all the information, like your legal business name, EIN number, and a professional email, you can apply for an EIN business credit card.
The card is considered ideal because it separates your personal finances from your professional finances. If the business fails to make repayment, consequences will affect only the business, not the founder. This is one of the biggest reasons founders and businesses go for an EIN-only card instead of applying with an SSN.
Hi, my name is Sachin. I am currently studying Economics in college and have a strong interest in personal finance topics like credit cards and loans. Along with my studies, I work as a content writer, where I create educational and easy-to-understand content to help readers better understand financial topics and make informed choices.
