PG/NON-PG Business Credit Cards
For those who are new to building business credit it is Imperative you have or are working on bettering your personal credit. Building business credit with poor personal credit is EXPENSIVE. All major established credit card companies will require PG (Personal Guarantee) before approving credit cards with large limits; with that in mind there are plenty of options out there that don’t require PG. These Non-PG or cards that require NO Personal Guarantee are cards that fall under Tier 2 and require you already have some sort of established business credit (4-11 Tradelines we recommend.) We recommend staying away from Capital one as they report business utilization on your personal credit, and the limits given out are typically small relative to some of the other lenders out there.
Citizen’s Bank offers 2 Great Business Cards.
Highlights: No Annual Fee, 0% interest for the first 6 months.
Highlights: No Annual Fee, 0% Interest for 12 months!
Highlights: High Limits up to $50,000, Great rates 9.99%-34.99%.
This card is great for building business credit! Every purchase made using the card helps build credit.
Sam’s Club Mastercard
Tier 2 Card. Fairly easy to obtain. Downfall: It can carry a very high APR. Apply in-store only.
Choices for business credit cards that require PG is pretty much endless. The better your personal credit is the better chance for lower APR’s on your business credit cards. Some of our favorites are Chase Business Ink, American Express Blue and Gold, PNC Bank Visa Business Credit Card.
Highlights: 0% APR 12M, $0 Annual Fee
American Express
Highlights: $0 Annual Fee for the first year, Low intro APRs for large purchases
Highlights: $295 Annual Fee, 0% into APR, Rewards don’t expire.
PNC Bank Visa Business Credit Card
Highlights: 0% APR for the first 13 billing cycles, $0 Annual Fee