Why Business Credit Cards Require a Credit Check

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by Ben Luthi
From NAV

If you’ve ever applied for a business credit card, you probably noticed that the application asked for a Social Security number, even if you have an employer identification number.

This is primarily because most business credit cards require a personal guarantee.

In other words, if your business can’t repay the debt you incur on the card, you’ll be responsible as the guarantor to pay it with your personal assets. As such, even small business credit cards for bad and fair credit require a credit check, because the card issuer needs to know how likely you are to repay the debt if your business can’t.

In general, there’s only one type of business credit card that you can get without a personal credit check, and that’s a corporate credit card.

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