How to get a business credit card with an EIN only

When you apply for a business credit card, most issuers will ask for your Social Security number (SSN) as part of the application process. It means that applying for a business card will result in a hard inquiry on your personal credit report, which is something not every business owner is comfortable with.

If you’re looking to apply for a business credit card without revealing too much personal information, however, there’s a workaround that allows you to pick up a business credit card with just your employer identification number (EIN). All you have to do is apply for a corporate credit card instead of a small business credit card. Corporate cards, despite having stricter application requirements, often allow applicants to apply with an EIN instead of an SSN.

This guide will break down whether it’s possible to get a business credit card without using your SSN, as well as which cards to look into when you’re ready to apply.

Can you get a business credit card without an SSN?

In almost every case, you’ll fall short when applying for a business credit card without an SSN. Most small business credit cards require a personal guarantee, meaning you’re personally responsible for any debt that your business cannot pay off. This is why credit card issuers often check your personal credit before issuing you a business credit card or small business loan — and, in order to perform a hard credit inquiry on your personal credit, they need your Social Security number.

Leslie Tayne, financial attorney and author of Life & Debt, says that applying for a business credit card without an SSN can be an arduous process.

When can you get a business card without an SSN? If you apply for a corporate credit card, you may not need to provide a personal guarantee. But corporate credit cards are different from small business credit cards, and a corporate card may not be the best fit for you, especially if you’re just starting your business. 

Becoming eligible for a corporate card often requires annual revenue in the millions of dollars and at least 15 or more users of the account within the organization. Certain business structures are also required for companies who want to become eligible for a corporate credit card, and sole proprietors and small businesses rarely make the cut.

Benefits of getting business credit with an EIN only

Getting a line of business credit using your EIN instead of your SSN can be more beneficial than you might realize. If you’re a business owner who’s able to do this, you can:

• Keep your personal credit score from affecting your business credit eligibility: A business owner with a lower personal credit score could find it difficult to get a good business credit card, even if their business is doing well. 
• Avoid issues with your business credit card bringing down your personal credit score: Lenders report small business credit card activity to both the business credit bureaus and the personal credit bureaus. This means your business credit card could appear on your personal credit report. If you miss a payment on your business card or run up high balances during low-cash-flow months, your business credit card activity could hurt your personal credit score.
• Keep your personal and business finances as separate as possible: While a small business credit card using your SSN can still help you separate your finances, they’ll always be tied together when it comes to your credit. Having a business credit card that’s tied to your EIN only will allow you to separate your personal and business finances even more. 
• Avoid signing up for a personal guarantee: Applying for a business credit card that requires a personal guarantee means that you’re personally responsible for any balances added to the card. This includes credit card debt that your business cannot afford to pay off in full. Many business owners want to avoid this liability if possible. 
• Build business credit effectively: Businesses have credit scores just like individuals do, and a card that’s tied to your EIN only will allow you to build up your business credit profile.

What business credit cards can you get with only an EIN?

Some credit card issuers allow you to apply for a business credit card with an EIN only instead of an SSN, but many will require an SSN for compliance purposes even if they don’t actually use it. Here are the types of cards you should look into if you want to use an EIN and avoid a persona guarantee:

• Corporate business EIN credit cards: Generally speaking, corporate cards have stricter application rules. In most cases, only certain types of businesses are eligible, and your business may need to earn a certain profit margin each year. Many issuers extend business credit with just an EIN, but only C-corps, S-corps, LLCs or LLPs registered in the U.S. are eligible to apply. If you’re a sole proprietor, you might have to work a little harder to find the right corporate card for your business. 
• Corporate store cards: Why not consider a corporate store credit card at a store you frequent regularly? Some corporate store credit cards don’t come with a personal liability requirement, making them excellent EIN credit cards. Corporate store credit cards tend to offer specific perks like discounts on purchases, cash back options and points and rewards.
• Corporate gas cards: Another option is a corporate gas card or a fleet fuel card, which may allow your company to apply without a personal guarantee. Just remember that a corporate gas card or fleet fuel card will only work for purchases across a brand of gas stations and stores, so the utility of these cards is limited.

Best business credit cards to get with an EIN

If your business is eligible for the types of corporate cards previously mentioned, then this list can help you get started on your search for the perfect EIN business credit card:

Best for high rewards and business discounts

Brex Card

• Bankrate's view

  The Brex 30 Card* is a charge card with no annual fee that allows applications without an SSN and doesn’t require a personal guarantee. Your spending limit for the card fluctuates and is determined by your company’s equity and spending patterns, meaning it can get fairly high. Be aware, though, that it requires a linked business bank account with a minimum $50,000 balance, so it won’t be a fit for all small businesses.

  The card also offers a variety of business discounts, as well as boosted rewards rates like:

  • 7x on rideshares
  • 4x on bookings through Brex Travel
  • 3x on restaurant purchases
  • 2x on software purchases
  • 1x on all other purchases

  These rates can be boosted by 1X points if you pay daily instead of monthly.

Alternatives to help keep business finances separate

Keeping your business finances separate from your personal finances makes a lot of sense. After all, maintaining separate accounts for your business can help you stay organized for tax purposes, and it can keep you from accidentally merging business expenses with your personal ones or vice versa.

Having a separate business credit card can also help you earn rewards on specific business expenses as well as all your other spending. And some business credit cards offer perks geared specifically for businesses.

If the main driver for getting a business card with an EIN is your desire to keep your business finances separate from your personal finances, you don’t necessarily need an EIN-only card to do so. You can also consider applying for a traditional business card — especially one that doesn’t report to the consumer credit bureaus. You’ll need to list your SSN on your application, and you might still have to personally guarantee the card, but cards that fall under this umbrella won’t report your balances, your payments or other information to Experian, Equifax or TransUnion.

Reportedly, card issuers like Bank of America, Citi, PNC, U.S. Bank, BBVA and Wells Fargo do not typically report any of your business card activity to the credit bureaus — not even late payments or accounts in default.

This means that even though you’ll have to list your SSN on your business card application, a card like the Citi® / AAdvantage Business™ World Elite Mastercard®* or the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card* could be worth considering.

Should you apply for a business card with your SSN?

Since it’s difficult to get business credit with just an EIN, should you go ahead and apply for a business credit card using your SSN?

While doing so may not be ideal, this is often the best option for small businesses and sole proprietors who won’t be able to get a business card any other way. Not only can applying with your SSN get you access to a business line of credit, but you can also start building business credit, and the best business credit cards earn you rewards for each dollar you spend on your business.

The bottom line

Technically, it’s possible to get a business credit card with just an EIN. But it’s not easy, and the eligibility requirements are stringent. It’s not a viable option for the vast majority of small business owners unless your business is large enough to be considered for a corporate card.

You’re better off applying for a top small business credit card with your SSN and either choosing an issuer that doesn’t report business card activity to the consumer credit bureaus or one that only reports delinquent behavior (which you should plan to avoid anyway).

If you apply with your SSN, you’re typically moving forward with a personal guarantee on any debt you put onto your business card. This may not be the outcome you hoped for, but you shouldn’t have to worry about that personal guarantee so long as you pay your bill on time and use credit responsibly.

*The information about the Brex Card, Ramp Visa® Corporate Card, Shell Small Business™ Card, Sam’s Club® Business Mastercard®, Citi® / AAdvantage Business™ World Elite Mastercard® and the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Bankrate. Card details have not been reviewed or approved by the card issuer.