A Guide to Business Credit Cards that Don't Require a SSN
As a business owner, it can be hard to get access to the credit you need without having to provide a Social Security Number.
Fortunately, there are plenty of business credit cards available that don’t require an SSN for approval. In this blog post, we’ll take a look at some of the best options out there and why they may be beneficial for your business.
What Are Business Credit Cards That Don't Require an SSN?
Business credit cards that don’t require an SSN are exactly what they sound like—credit cards specifically designed for businesses that don’t require you to provide your Social Security Number in order to be approved.
These cards are often favored by entrepreneurs who want more control over their personal finances or those who have bad credit and don’t want it factored into their application.
Benefits of Using a Business Credit Card That Doesn't Require an SSN
Using a business credit card without providing an SSN can be beneficial for several reasons. For starters, it makes it easier for entrepreneurs with bad credit or no credit history to get access to the capital they need without worrying about their personal financial situation being taken into account.
It also helps protect your personal assets from being attached if something goes wrong with your business down the line. Finally, many of these cards come with additional benefits such as rewards programs and cashback bonuses, making them even more attractive for business owners looking for ways to save money on their purchases.
The Best Business Credit Card Without an SSN
When it comes to finding the best business credit cards without requiring an SSN, there are several good options out there.
One popular choice is the American Express Blue Business Plus Card, which offers 2% cashback on all purchases and 0% introductory APR financing on new purchases up to $50,000 during the first 12 months after opening a new account.
Another great option is the Capital One Spark Cash Select card, which offers 1% cashback on all purchases and 0% introductory APR financing on new purchases up to $25,000 during the first 9 months after opening a new account.
Both cards have no annual fee and do not require you to provide your Social Security Number in order to apply or be approved.
Personal and Business Finances
Starting a business is a daunting task, especially when it comes to managing finances. One of the most significant challenges is managing cash flow and finding funding sources.
In this regard, business credit cards are an excellent option to manage business expenses, build credit, and get rewards. However, as a foreign national or someone without a social security number (SSN), it can be challenging to get business credit cards.
Not to worry these are some of the best business credit cards that don't require SSN:
Brex Corporate Card
The Brex Corporate Card is designed specifically for startups, e-commerce, SaaS, and life sciences companies. With the Brex Corporate Card, you don't need to have SSN and even a US-based business account.
It offers a credit limit of up to $5 million, rewards, and business intelligence tools to manage your financials. Plus, it doesn't require a personal guarantee, which separates your personal and business finances.
To learn more about the Brex Corporate Card click here.
Bento for Business Credit Card
Bento for Business is a debit MasterCard designed for small businesses, independent contractors, and freelancers.
It offers a flat-rate cashback of 1% on all purchases, up to 5 virtual cards to manage purchases and transactions, and a budget tool to track your expenses. You can sign up for Bento for Business without a SSN or a personal guarantee.
To learn more about Bento for Business click here.
Wise Business Card
The Wise Business Card (formerly known as TransferWise) is a MasterCard that offers a low-cost way of making international transactions.
You can avoid foreign transaction fees and enjoy competitive exchange rates to save you money. It offers a virtual card option to keep your online transactions secure, and you can sign up without a SSN.
To learn more about Wise Business Cards click here.
Spark Classic for Business
The Spark Classic for Business is a Visa credit card designed for small businesses and startups. You can earn 1% cashback on all purchases, and it reports your credit activity to business credit bureaus to improve your business credit profile.
You can sign up for Spark Classic for Business without a SSN or a personal guarantee.
To learn more about Spark Classic for Business click here.
Capital One Spark Cash for Business Credit Card
The Capital One Spark Cash for Business is a Visa credit card designed for established businesses with excellent credit scores. You can earn 2% cashback on all purchases, and it offers a sign-up bonus of $500 after spending $4,500 in the first 3 months.
You can sign up for Capital One Spark Cash for Business without a personal guarantee, but you will need an ITIN (individual tax identification number) or an EIN (employer identification number) to apply.
To learn more about Capital One Spark Cash for Business Credit Card click here.
Conclusion
Business credit cards without requiring an SSN are a great option for entrepreneurs looking for ways to get access to capital without having their personal financial situation taken into account during the approval process.
There are several good business credit card options out there when it comes to finding one that works best for your business needs; however, make sure you read through all of the terms and conditions before committing so that you know exactly what you’re getting into before signing up!
To learn about how Mount Bonnell can help you set up your business, provide on going tax or legal services, visa strategies or raising capital advice click here.
If you're thinking of moving to the US check out Mount Bonnell's services. It can be a long and complex process and there’s a lot to consider, from choosing your location, to how to go about securing that all-important visa.
The team at Mount Bonnell Advisors has lived experience of moving to the U.S. and setting up business there, and they’ll share all their insider information with you.
Check out this article on the 7 Best States for Business in the United States.
