16 business credit cards with an EIN only (and alternatives)

A review of business credit cards that only require an EIN and credit card alternatives.
Author
Ken Boyd
Writer
Published
April 17, 2024
read time
1 minute
Reviewed by
Jared Hubbard
Updated
May 23, 2024

SMBs and startup founders often apply for business credit cards for use as the company grows.

This post is helpful for business owners evaluating a business credit card with EIN only vs. credit card applications that require a Social Security number. You’ll learn the pros and cons of EIN-only cards and discover the available business credit card options.

Key highlights: 

  • Owners can keep business transactions separate from personal finances using a business credit card. 
  • It is difficult to secure a business credit card with an EIN only. Credit card issuers may require a personal credit check and a personal guarantee for business credit cards.
  • EIN-only credit cards help you build business credit over time.

Finance teams run faster on Rho.

Control spend, boost efficiency, and earn up to 1.25% cashback with Rho.

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What is a business credit card?

A business credit card helps companies manage their business expenses and budgets. It’s often used for expenses like travel, digital ads, client entertainment, cloud computing, and SaaS software subscriptions. 

Small business owners typically use business credit cards. Companies that issue cards to the owner and multiple employees use corporate credit cards. These factors impact credit card use:

  • Interest rates: Higher interest rates increase interest expenses on credit card debt. Businesses may try to avoid card use when interest rates go up.
  • Availability of credit: A business with access to a line of credit (LOC) can pay cash for expenses and minimize credit card usage. The LOC may charge a lower interest rate.                                                                                                                          
  • Types of business: Companies with large travel budgets may use business credit cards to accumulate travel rewards.

What's the purpose of a business credit card?

Using a business credit card, owners can keep business transactions separate from personal finances. Credit cards are widely accepted and generate an automated record of spending. Founders can avoid using cash or checks, which require more manual work and increase theft risk.

Did you know? The Rho corporate credit card offers up to 1.25% cashback on all purchases and has zero platform fees.       

Benefits of business credit cards

  1. Better expense tracking and cash flow management
  2. Reduction in overspending, expense policy non-compliance, and fraud-related charges
  3. Employee cardholders submit expense receipts faster thanks to smart notifications and easy uploading.             
  4. Faster month-end close by transforming the credit card transaction reconciliation from a post-close activity to a pre-close checklist item 
  5. Easier reimbursement management and tax preparation with clear audit trails 
  6. More time for the team to focus on higher impact, engaging work      

The best business credit cards provide automation to track business finances, a simple application process, and do not impact the owner’s credit report.

What is an EIN?

An Employee Identification Number (EIN) is a nine-digit tax identification number issued by the IRS that identifies a business entity. An EIN is similar to a Social Security number (SSN) for individual taxpayers.

How to get an EIN

U.S.-based businesses can apply for an EIN tax ID online, by fax, or by mail. International companies must contact the IRS by phone, fax, or mail. 

Corporations, partnerships, and other businesses with employees must obtain an EIN. Review this IRS link to determine if you need an EIN. If you do, you’ll complete IRS Form SS-4.

Why should business owners get an EIN?

  • Build business credit history
  • Necessary to hire employees
  • Operating as a corporation or partnership
  • Open a business bank account
  • Get a small business loan
  • Get certain business licenses or permits
  • Qualify for certain types of insurance and retirement plans

EIN vs. SSN

Small business owners often apply for a business credit card using a Social Security number (SSN). The application frequently requires a personal credit check, and the credit card company may want a good to excellent credit score to approve the application.

Some small business owners apply using an EIN and may also need to provide a personal guarantee. 

Owners who manage larger organizations apply for a corporate credit card using an EIN. If the business generates revenue and profits, some card issuers will extend credit without a personal credit check or requiring personal liability. 

The credit application may require submitting business bank statements and financial statements to verify business performance.

How can you get a business credit card with an EIN only?

It's difficult to secure a business credit card with only an EIN . Card issuers may require a personal credit check and a personal guarantee for business credit cards. Most card issuers have more requirements than just having an EIN.

There are two types of credit checks (credit pulls):

  • Hard check: The lender’s credit check affects your credit score, and your score will decline slightly.
  • Soft check: When a lender reviews your credit for preapproval, your credit score does not change. When an individual checks his or her credit score, the review is also a soft check.

Types of EIN-only business credit cards

Business owners and founders do have some limited options.

  • Rho, Ramp, BILL Divvy, and Brex offer EIN-only business credit cards. 
  • Some fuel card issuers, including Shell, will approve EIN-only cards for businesses that meet revenue minimums and other financial requirements. 

Each card issuer’s requirements are discussed below.

Alternatives to EIN-only business credit cards

  • Secured business credit cards: Secured cards require you to provide a cash deposit as collateral when you make purchases. Your credit limit is often the dollar amount of the cash deposit. As your business credit improves, you may convert to an unsecured credit card with the same issuer.
  • Corporate gas cards and corporate store cards: Gas (fuel) cards are discussed above, and you may be able to obtain store cards without a personal credit check or personal guarantee.
  • Business credit cards with no credit guarantee: The guarantees required by card issuers vary based on company revenue and how long a company has operated.
  • Providing a personal guarantee: This option exposes owners to the most personal risk. Credit card debt and card payments are reported to personal credit bureaus. Late payments reduce your credit score. 

A sole proprietor may need to provide a personal guarantee, and the owner of a startup business with little or no revenue may need to apply for a personal credit card.

How to get a business credit card without an SSN (in the United States)

Owners can apply for a corporate credit card, and the application often does not require an SSN. The owner does not provide a personal guarantee, and the business is liable for card payments.

A corporate credit card application frequently requires a minimum revenue and possibly a minimum number of card users. Card issuers work with corporations and partnerships but may not issue cards to sole proprietors. 

Several large banks, such as Bank of America, Citibank, and Wells Fargo, may accept these documents in place of a Social Security number:

  • Individual Taxpayer Identification Number (ITIN): Issued to taxpayers who are not U.S. citizens and don’t have an SSN. An ITIN allows these taxpayers to file U.S. tax returns.
  • Foreign passports
  • Other government-issued IDs

Why can't you use only an EIN to get a business credit card?

Generally, SSNs are used for business credit card applications, and EINs are used for corporate card applications.

Small business owners apply for business credit cards. Issuers perform personal credit checks and ask for personal guarantees on business credit card applications. Applications include the owner’s SSN.

An EIN is used for a corporate card application, and the company is responsible for paying card balances. Companies provide documentation that the company generates enough revenue to pay business expenses, including card balances. 

Will an EIN-only card affect your personal credit?

Yes, in some cases. EIN-only cards have different application requirements. Some perform a personal credit check, and a hard credit check will reduce your credit score. 

If a corporation or partnership is used on the application, the owner is not personally liable. There is no personal credit check and no impact on your credit score.

Business credit bureaus are different from agencies that report on personal credit. Dun & Bradstreet, Equifax, and Experian are the largest credit agencies for business. TransUnion, Equifax, and Experian are the largest agencies for personal credit reporting.

Business and individual reporting agencies monitor credit use, payment history, and other factors to compute a credit score.

The 16 best EIN-only business credit cards and alternatives for small business owners in 2024

1. Rho Corporate Credit Card

Rho is the business banking platform with everything companies need to manage their cash and grow their business. 

Backed by 24/7 customer support, Rho offers business checking accounts, treasury capabilities, and enterprise-grade spend management – accounts payable, corporate cards, and expense management – with no monthly fees.

The Rho Corporate Credit Card helps businesses manage spending, process expenses, and simplify their T&E accounting. 

The Rho platform makes it easy to manage Rho Card spending, process expense reimbursements, and automate expense management. 

EIN only?

Yes

At a glance

Starting with the Rho Card, Rho allows businesses to create unlimited virtual and physical corporate cards and assign strict spend controls to each, including limits, merchant and category controls, and more. 

Annual fee: 

Rho Cards have no annual fees, subscription fees, or per-card fees. Rho cardholders do not pay interest or late fees and no foreign transaction fees.

Regular APR: 

It's not applicable. Rho issues charge cards that require you to pay your monthly balance in full by the end of each statement period. 

Intro APR: 

Not applicable

Rewards type: 

Cashback

Rewards rate: 

Earn up to 1.25%

Intro offer:

None

Recommended credit score:  

Rho performs a business credit check on each application.

Rho’s holistic approach to underwriting allows us to find you a higher, scalable credit limit that increases with your company’s growth – even if you don’t have an extensive credit history.

Your credit limit is not tied solely to your cash balance or last year's revenue. Instead, your credit limit depends on several factors, including revenue growth, business spending patterns, and balance sheet liquidity. 

Pros

  • Cardholders notifications: Employees receive notifications via SMS or the Rho mobile app to upload their receipts and other transaction data
  • Holistic spend management: With T&E expenses and AP automation in one platform, organizations using Rho get a full picture of spending. 
  • Free service: The Rho platform is free to use.

Cons

  • Straight cashback vs. points: Some companies prefer legacy corporate card solutions like Amex or Capital One for the point rewards they offer, even if that impacts process speed. 

Best for

The Rho Card is a low-cost option that provides cashback. The platform integrates payables, expenses, treasury, banking services, and accounting software in a single platform. 

2. Ramp Visa Corporate Card

Based in New York, Ramp is a fintech company initially launched in 2019 as a corporate card and expense management platform. The company has since expanded its product capabilities to include bill payments, procurement, and accounting integrations. 

EIN only?

Yes. All applicants must provide an employer identification number (EIN) as part of the application. 

You can apply to Ramp as a business owner or officer without an SSN. Instead of an SSN, you provide a copy of your foreign passport and documentation to prove your address. 

At a glance

Ramp’s products include corporate cards, expense management, procurement, accounts payable, vendor management, working capital, a mobile app, and other core features built into their platform. 

Ramp card application requirements:

  • Registered as a business in the U.S.
  • Must be a corporation or limited liability company and have at least $75,000 in cash in any U.S. business bank account linked to your application.
  • Have most of your operations and corporate spend in the US 
Annual fee: 

No user fees, no annual fees, no late payment fees, and no additional card or card replacement fees.

Regular APR: 

Not applicable. Ramp issues charge cards, and the balance must be paid in full.

Intro APR: 

Not applicable

Rewards type: 

Cashback

Rewards rate: 

Unlimited 1.5% cashback on qualifying purchases and up to $175K in partner perks.

Intro offer:

None

Recommended credit score:  

Ramp does not have annual revenue requirements to approve the card.

Pros

  • Expense management users can upload a snapshot of receipts using the mobile app. 
  • The platform auto-collects and matches receipts in minutes with integrations for Gmail, Uber, Amazon Business, and Lyft.  
  • Ramp’s automation handles approvals, global reimbursements, and AI-powered reconciliations.

Cons

  • No banking or treasury management capabilities in the platform
  • Ramp charges user subscription fees to access dedicated customer support
  • Customers must have at least $75,000 in cash in any US business bank account linked to their application

Best for

Ramp is a strong spend management platform if you have a narrow set of needs related to your finance stack. Ramp may be a fit if you need a corporate card solution with some expense management capabilities. 

Ramp Visa Corporate Card vs. Rho Corporate Credit Card

Ramp issues charge cards, and the balance must be paid in full. Rho offers credit cards and extends credit to businesses. Both cards have low costs and offer cashback.

Ramp does not offer an integrated financial solution with banking and treasury capabilities. Ramp won’t completely unify your finance stack, which could create SaaS overload. What’s more, some processes, like accounts payable, benefit from a banking connection (e.g., no payment delays) like the services Rho offers. 

3. Brex 30 Card

Brex provides small business credit card, expense management, travel, and bill pay software solutions. It offers real-time expense tracking and variance reporting. Brex’s customers can do business in several different currencies.

EIN only?

Yes. Brex accepts applications without an SSN, but businesses must maintain a linked checking account with a minimum $50,000 balance.

At a glance

Brex corporate cards can be issued digitally or in physical form.  Spending limits can be set by dollar amount or vendor, and cards can be used for recurring payments. Brex can also pay reimbursements in many local currencies.

Annual fee: 

None

Regular APR: 

Not applicable. Brex is a charge card.

Intro APR: 

Not applicable.

Rewards type: 

The card offers cashback rewards, and the Exclusive Rewards program pays higher rewards for more card use.

Rewards rate: 

The Brex Corporate Card offers a points-based rewards program based on different spending categories. Here are the categories and the point multipliers: 

  • 7X Rideshare
  • 4X Brex Travel 
  • 3X Restaurants 
  • 2X Recurring software 
  • 1X Everything else
Intro offer:

Thirty thousand points after spending $3,500, or 50,000 points after spending $9,000 in the first 30 days.

Recommended credit score:  

Not provided

Pros

  • Mobile functionality: Users can easily take photos of receipts and upload them for expense coding with the mobile app
  • Expense processing: The corporate card streamlines expense processing, and receipts can be easily posted as card expenses
  • Reimbursements: Brex makes employee reimbursements easier to process

Cons

  • Complex rewards structure: Brex has a complicated card rewards structure based on payment frequency and card use
  • Customer support: Several reviews point out that customer support needs to be more responsive
  • Balance reporting: Some reviewers feel that they need better reporting on Brex card available balances

Best for

Brex largely targets VC-backed startups. Brex is not a good choice for bootstrapped startups, because spending limits and benefits are designed for funded growth companies. In June of ‘22, Brex announced it was leaving the small and medium-sized (SMB) market.

Brex 30 Card vs. Rho Corporate Credit Card

Brex has a complicated card rewards structure, while Rho offers up to 1.25% cashback through statement credits, and customers clearly understand rewards.

While Brex largely targets VC-backed startups, Rho’s expense management solution is purpose-built to scale with both growth-stage and middle-market companies. 

Several Brex users report problems with access to customer service. Rho, on the other hand, provides effective phone support. 

4. BILL Divvy Credit Card

Following BILL’s announced acquisition of Divvy, BILL rebranded the Divvy credit card and expense management platform as BILL Spend & Expense. The company provides the BILL Divvy credit card, an AP automation solution, and accounts receivable software.

EIN only?

Yes. Applicants must submit an SSN, but BILL Divvy performs a soft credit check that does not impact the individual’s credit score. Sole proprietors, corporations, LLCs, and other entities can apply.

At a glance

Account admins can distribute corporate cards to employees and set spending budgets directly in the BILL Spend & Expense platform. Clients receive rewards based on spending as long as they meet certain spending amounts and card activity is linked to BILL Divvy software. 

BILL Spend & Expense integrates with Sage, Oracle NetSuite, Microsoft Dynamics, and QuickBooks. 

Annual fee: 

None

Regular APR: 

Not applicable. BILL Divvy is a charge card. 

Intro APR: 

Not applicable

Rewards type: 

BILL Divvy awards points based on spending. Keep in mind that the value of each point may change.

Rewards rate: 

The BILL Divvy credit card offers rewards based on the type of credit card spending and how frequently the balance is paid (weekly, twice a month, or monthly). 

Users who pay their balance in full each week earn points for every dollar of spending: 

  • 7 points on restaurant spending 
  • 5 points for hotels
  • 2 points on recurring software subscriptions 
  • 1.5 points on all other purchases. 

Companies that pay their balance twice a month earn these points:

  • 4 points on restaurant spending 
  • 3 points for hotels
  • 1.75 points on recurring software subscriptions 
  • One point on all other purchases. 

If the customer pays off the balance once a month, BILL only pays 2 points per dollar on restaurant and hotel spending, 1.5 points on recurring software subscriptions, and 1 point for all other purchases.

BILL has other restrictions that impact the ability to earn rewards. You lose all reward points if:

  • You miss a payment 
  • Close your account within the first year 
  • Spend less than $5,000 in each of the last three months of your first year.

Businesses must spend at least 30% of the credit limit to qualify for rewards each month.

Intro offer:

None

Recommended credit score:  
  • Businesses need a good-to-excellent credit score (670 to 850) to approve a credit line. 
  • BILL may expect the business to have at least $20,000 in available cash to receive credit approval. 

Pros

  • User experience: Users comment that the app is easy to use and navigate.
  • Rewards: Businesses that can monitor the complex rewards system can earn high reward levels.
  • Expense management: The BILL Divvy credit card is integrated with BILL’s expense management platform, BILL Spend & Expense. 

Cons

  • QuickBooks integration: Several reviewers have mentioned problems with QuickBooks integration.
  • Customer support: Some Divvy customers feel that the quality of customer service has sharply declined after the purchase by BILL.
  • Reporting: The platform needs to provide more customization for reporting. Some reviewers want reports that drill down into shorter periods.

Best for

Many businesses like the appeal of earning point-based rewards when spending, particularly for restaurant and hotel expenses. However, BILL Divvy credit card rewards are difficult to track. 

Using the BILL credit card and making consistent payments can build your firm’s credit rating. This could be attractive to sole proprietors and small businesses. 

BILL Divvy Corporate Card vs. Rho Corporate Credit Card

The BILL Spend and Expense has a complicated process for earning corporate card points and rewards. Rho offers a more straightforward cashback reward and integrations with accounts payable, business checking, and treasury management functionality.

BILL Spend and Expense gets mixed reviews on customer support performance. Rho has a consistently responsive customer service team.

5. AtoB Fuel Card

AtoB provides fuel cards that offer discounts through a network of retail locations. The company offers software that allows businesses to pay commercial drivers quickly and issue 1099s.

EIN only?

Yes. The AtoB application requires an EIN, driver’s license, and proof of business revenue for the past three months. Your SSN is not required.

At a glance

AtoB offers two cards and an enhanced set of features through AtoB Premium:

  • AtoB Flex Credit Card: $35 account setup fee. $15 monthly fee for 1-5 cards and a $3 monthly fee for each additional card after five cards.
  • AtoB Unlimited Prepaid Fuel Card: $35 account setup fee and a $3 monthly fee per card. 
  • AtoB Premium: Offers enhanced tech features, including optimal station selection to confirm drivers are fueling at the cheapest station on their route. Flex and Unlimited cardholders pay a $3 per month fee for Premium.
Annual fee: 

No annual fee, but fees are charged monthly

Regular APR: 

Not applicable. The full Flex Credit Card balance must be paid each month.

Intro APR: 

Not applicable.

Rewards type: 

AtoB Fuel cardholders get average discounts of 42 cents off per gallon of truck diesel fuel and 5 cents per gallon for unleaded fuel when using vendors in the AtoB discount network. 

The company partners with other retailers to offer fuel, vehicle repair and maintenance, and food discounts.

Rewards rate: 

Listed above

Intro offer:

None

Recommended credit score:  

None

Pros

  • Application: Your SSN is not required to apply
  • Discounts: Fuel discounts are attractive for fleet managers

Cons

  • Fees: Setup fees, monthly fees, and fees for additional cards
  • Limited benefits: AtoB offers a limited number of discounts compared to other cards
  • Financial integrations: No banking, treasury, or AP processing integrations

Best for

The AtoB cards generate meaningful savings for businesses that manage a fleet of vehicles. Cardholders can also earn vehicle repair and maintenance and food discounts.

AtoB Fuel Card vs. Rho Corporate Credit Card

The AtoB is a useful option for businesses that incur large fuel expenses. Rho provides business checking accounts, corporate cards, and AP automation in a single platform. AtoB charges setup fees and monthly fees. Rho does not charge platform fees.

6. Stripe Corporate Card

Stripe provides global payments, revenue and finance automation, and the ability to embed financial services into your platform or product.

EIN only?

No

At a glance

The Stripe Corporate Card is in limited beta for U.S.-based companies. Credit limits are based on your company’s payment processing history. Offers partner benefits with AWS, Slack, Gusto, and others.

Annual fee: 

None

Regular APR: 

Not applicable. Stripe issues charge cards.

Intro APR: 

Not applicable

Rewards type: 

Cashback 

Rewards rate: 

1.5% cash back on every business purchase

Intro offer:

None

Recommended credit score:  

None

Pros

  • Large U.S. presence in global payments and finance automation
  • Integrations with Expensify and QuickBooks
  • Stripe doesn’t require a personal guarantee.

Cons

  • Stripe Corporate Card is in limited beta for U.S. businesses

Best for

Stripe offers effective payment and automation tools, but the Corporate Card is in beta and customer feedback on the card is limited.

Stripe Corporate Card vs. Rho Corporate Credit Card

Stripe is a well-known brand with a good cashback rate and partner benefits with many popular companies. Customers evaluating business credit cards should consider other cards with a history of customer reviews.

Rho has many positive customer reviews and offers an integrated platform for business checking, corporate cards, and AP automation.

7. Capital on Tap Business Credit Card

The Capital on Tap Business Credit Card is a traditional credit card, not a corporate card, so users can carry a balance from one month to the next if necessary. The company offers two different cards and provides several accounting integrations.

EIN only?

No

At a glance

Capital on Tap offers the Free Rewards card and the Business Rewards card. The Business Rewards card offers bonus rewards, and users can redeem points to book travel through Avios. Capital on Tap provides auto-sync integrations with Sage and Xero.

The company has several application requirements. The applicant must be an active director or meet minimum ownership requirements. The business must be based in the UK and generate at least £24,000 in revenue per year. 

Annual fee: 

The Free Rewards card has no annual fee, and the Business Rewards card has a £99 fee annually.

Regular APR: 

Variable rates from 18.49% - 35.99% 

Intro APR: 

None

Rewards type: 

Cardholders earn cashback through a points system. Customers earn 1 point for every £1 spent using a Capital on Tap Business Credit Card. You can redeem points to reduce the card balance, for cash, or in exchange for gift cards.

Rewards rate: 

Both cards offer 1% cashback on all card spending.

Intro offer:

The Business Rewards card offers 10,000 bonus points when you spend £5,000 in your first three months. 

Recommended credit score:  

Capital on Tap performs a soft credit check on your personal credit history and a hard credit check on your business credit history.

Pros

  • Customer support: 24/7 phone support, along with email and chat support during business hours
  • Exclusive offers: Cardholders can earn discounts on Dropbox, Slack, Superscript, and other services.

Cons

  • UK-only businesses: The business must be based in the UK
  • Minimum revenue requirement: A business must generate revenue of at least £24,000 per year 
  • High APR rates: The APR range of rates is higher than other cards in this review

Best for

UK-based businesses that can meet the minimum revenue requirements. It is not a suitable card for companies that must carry a large balance because the APR may be high.

Capital on Tap Business Credit Card vs. Rho Corporate Credit Card

Capital on Tap is only available for UK businesses. U.S. customers and firms in other countries can use Rho. The Capital on Tap Business Rewards card has a £99 fee annually. The Rho Card does not charge annual fees or interest fees.

8. Expensify Corporate Card for business

Expensify provides expense management software, allowing employees to track and submit expenses for processing.

It automates expense approval and processes employee reimbursements. The Expensify Card manages credit card transactions within the platform.

EIN only?

No

At a glance

The Expensify Corporate Card imports data and accounts for company expenses. It generates an eReceipt for most card transactions, eliminating the need to scan receipts. Expensify performs real-time reviews of transactions and spending policies to detect fraudulent transactions.

The platform integrates with several accounting software packages.

Annual fee: 

None

Regular APR: 

Not provided

Intro APR: 

None

Rewards type: 

Cashback

Rewards rate: 

1% cashback on each transaction. Expensify offers perks and discounts through 20+ partners.

Intro offer:

None

Recommended credit score:  

None

Pros

  • Mobile app: Using the app is intuitive and easy to navigate
  • Card fees: If less than 50% of company spend is on the Expensify card, businesses pay a fee based on the amount of card use 
  • Integrations: Integrations with QuickBooks, NetSuite, Xero, and Sage

Cons

  • Product promotions: Several reviewers complained about receiving too many inquiries promoting additional products. Too many pop-ups and notifications
  • Customer support: Many reviewers pointed out a lack of support and that issues were left unresolved for weeks or months

Best for

Expensify integrates with QuickBooks, NetSuite, Xero, and Sage. Businesses that use the Expensify card for a large portion of company spend can avoid fees. 

Expensify Corporate Card for Business vs. Rho Corporate Credit Card

Several Expensify reviewers report poor follow-up on customer support issues. The platform has a confusing price structure that some believe is too expensive. Users receive too many inquiries promoting other products.

Rho’s users enjoy frictionless spend management using the Rho Card. Rho does not charge platform fees.

9. First National Bank Business Edition® Secured Mastercard® credit card

First National Bank of Omaha (FNBO) is an independent, family-owned bank founded over 165 years ago. The bank has locations in eight states and over $30 billion in assets.

EIN only?

No

At a glance

Your credit limit is determined by providing a deposit between $2,000 and $10,000 when you apply, subject to credit approval. 

Businesses earn interest on security deposits. You must deposit $2,000 to open an account and maintain a minimum balance of $2,000 to earn interest. The current rate on deposits is 0.05% APY.

Annual fee: 

$39 annual fee

Regular APR: 

Variable 25.99% APR on purchases and balance transfers. 

Intro APR: 

None

Rewards type: 

Mastercard Easy Savings program: Earn automatic rebates with over 40,000 participating merchant locations.

Rewards rate: 

Mastercard Easy Savings rebates differ by merchant.

Intro offer:

None

Recommended credit score:  

This secured card requires a credit check (personal credit) and a security deposit between $2,000 and $10,000, which dictates your credit limit. 

Pros

  • Bank assets: The bank has over $30 billion in assets and a long history
  • Interest on deposits: Businesses earn interest on security deposits.

Cons

  • Security deposits: Deposits are required for the card
  • Credit check: The secured card requires a credit check
  • Fees: FNBO charges late payment fees and fees for spending over the credit limit

Best for

A sole proprietor or a new business without a financial track record can build a credit history using the FNBO card. Applicants must be able to make a security deposit and show cash flow the business.

First National Bank Business Edition® Secured Mastercard® Credit Card vs. Rho Corporate Credit Card

FNBO is a secured credit card that does not extend credit, and cardholders are charged fees. Established, growing businesses can use the Rho Card and Rho’s banking, treasury, and AP automation integrations. Rho does not charge card fees.

10. Bank of America® Business Advantage Unlimited Cash Rewards Secured Mastercard® credit card

Bank of America is a multinational investment bank and financial services holding company. The bank provides services to individuals, small businesses, and larger institutions. Customers can access checking and savings accounts, loans, and investments.

EIN only?

No

At a glance

Businesses can open an account with a minimum $1,000 security deposit. Your credit line will be equal to your deposit amount. The bank will periodically review your account, and if your overall credit history improves, you can transition to an unsecured card.

Bank of America will not charge you any interest on purchases if you pay your entire balance by the due date each month.

Annual fee: 

None

Regular APR: 

28.49%

Intro APR: 

None

Rewards type: 

Cashback

Rewards rate: 

Earn 1.5% cash back on every purchase. You can redeem your cash rewards as a deposit into your Bank of America® checking or savings account, a card statement credit, or a check mailed to you.

Intro offer:

None

Recommended credit score:

None  

Pros

  • Multinational bank: Bank of America offers a variety of services that business owners can use as they scale
  • Cashback: 1.5% cash back on every purchase
  • Cash rewards do not expire: As long as your account remains open, cash rewards do not expire.

Cons

  • Security deposit: You must submit a security deposit to open an account. Your credit line will be equal to your deposit amount.
  • Fees: Large legacy banks have an expensive infrastructure and may charge higher fees.
  • Underwriting: If you eventually want to apply for a business loan, legacy banks have stricter underwriting standards.

Best for

Startups that need a national bank that offers multiple services and businesses that can meet requirements to minimize fees are a good fit for Bank of America. 

Bank of America® Business Advantage Unlimited Cash Rewards Secured Mastercard® Credit Card vs. Rho Corporate Credit Card

Bank of America is an option for owners who want to establish a relationship with a national bank. The bank is also a solution for sole proprietors and small business owners who want to build a credit history using a secured credit card.

Did you know? Rho Business Savings Accounts are built on a network of over 400 FDIC-insured banks, allowing you to access up to $75M in FDIC deposit insurance per entity. These Treasury Management services are provided by American Deposit Management, LLC.

11. Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

EIN only?

No

At a glance

Cardholders have several options for redeeming points:

  • Redeem points for a statement credit to offset travel and dining purchases and travel with no blackout dates through the Bank of America Travel Center
  • Cashback
  • Gift cards

Annual fee: 

None

Regular APR: 

After the intro APR offer ends, businesses pay a variable APR of 18.49% to 28.49%.

Intro APR: 

0% on purchases for the first nine billing cycles 

Rewards type: 

Bonus points

Rewards rate: 

Earn unlimited 1.5 points for every $1 you spend on all purchases, and points don't expire.

You can earn up to 75% more points on every purchase if you have a business checking account with Bank of America and qualify for the Preferred Rewards for Business Platinum Honors tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.

Intro offer:

The 0% intro APR is explained above. 

In addition, you can earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening. Points can be redeemed for a $300 statement credit towards travel or dining purchases.

Recommended credit score:  

None

Pros and Cons

Bank of America offers dozens of services that many business owners use as they scale. However, large legacy banks have an expensive infrastructure and may charge higher fees. Legacy banks also have stricter underwriting standards.

Best for

Startups that want a national bank that offers multiple services and businesses that can meet requirements to minimize fees are a good fit for Bank of America. 

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card vs. Rho Corporate Credit Card

Bank of America is an option for owners who want to establish a relationship with a national bank. The bank’s card provides an attractive intro offer, and cardholders can earn bonus points.

The Rho Card has no fees and offers 1.25% cashback on qualifying purchases. The card is integrated with banking, treasury, and AP automation on a single platform.

12. Wells Fargo Business Secured Mastercard® credit card

Wells Fargo is one of the largest U.S. banks, offering banking services, lending, investments and wealth management, and investment banking. Wells Fargo provides many banking services that startups may eventually need, such as SBA loans and merchant accounts.

EIN only?

No

At a glance

This credit card is no longer available to new applicants.

Wells Fargo has ERP integrations with Xero and QuickBooks. However, Wells Fargo uses Web Connect to integrate with QuickBooks. This extra step slows down the integration process.

Cardholders can deposit $500 to $25,000 to create a credit line.

Annual fee: 

None

Regular APR: 

None. This is a secured credit card.

Intro APR: 

None

Rewards type: 

Cardholders can choose cashback or earn 1 point per dollar spent. Customers receive 1,000 bonus points when the company spends $1,000 or more each month.

Rewards rate: 

1.5% cashback

Intro offer:

None

Recommended credit score:  

None

Pros

  • Customer support availability: Phone support is available until 11 pm EST on weekdays, and customer support is available on weekends.
  • Build credit rating: Making timely payments on a secured credit card can improve your firm’s credit rating.

Cons

  • Deposit limit: The deposit cap is $25,000, and a growing business may need a larger credit line.
  • Access: This card is no longer available to new applicants.

Best for

Existing cardholders can build business credit using the Wells Fargo secured card. Smaller businesses with lower credit needs may be a fit.

Wells Fargo Business Secured Mastercard® Credit Card vs. Rho Corporate Credit Card

Owners looking for a new credit card should consider the Rho Card for its ease of use, cashback option, and finance integrations.

SaaS startup Superfiliate is disrupting affiliate marketing in e-commerce. Discover why their co-founder transitioned from Silicon Valley Bank (SVB) to Rho.

13. Shell Small Business Card

Shell is one of the world’s largest oil and gas companies. The business is involved in oil and gas exploration, production, and refining. Shell markets and distributes oil and gas through many channels, including gas stations.

The Shell Small Business Card is one of three fleet management cards offered by Shell.

EIN only?

Yes. Applicants must generate at least $1 million in annual revenue and be in operation for one year or more.

At a glance

The Shell Small Business Card is accepted at nearly 13,000 Shell stations in the U.S. The card is accepted at 95% of all U.S. fueling stations.

In addition to fuel discounts, cardholders can earn a 15% discount at participating Jiffy Lube locations and access roadside assistance with the National Automobile Club (MAC).

Annual fee

None

Regular APR

Not provided

Intro APR

Not provided

Rewards type

Fuel rebates on purchases at Shell stations. Rebates are posted as an account credit in your monthly billing statement.

Rewards rate

Rebates of up to 6¢ per gallon, depending on monthly spend

Intro offer:

None

Recommended credit score:  

Reviews point out that applicants need a fair to good credit score (580 to 739) to be approved.

Pros

  • Customer service: Customer service is available 24/7/365
  • Widely accepted: The card is accepted at thousands of fueling stations
  • Rebates: Businesses with fleets can generate meaningful fuel savings 

Cons

  • Minimum revenue requirement: Applicants must generate at least $1 million in annual revenue 
  • Limited use: The Shell card is primarily for fuel costs. Owners may need a credit card for dozens of other spending categories.
  • Financial integrations: No banking, treasury, or AP processing integrations

Best for

Shell cards generate meaningful savings for businesses that manage a fleet of vehicles, and the card can be used at most fueling stations. Applicants must be able to meet Shell’s minimum annual revenue requirements.

Shell Small Business Card vs. Rho Corporate Credit Card

The Shell card is useful for businesses that incur large fuel expenses but can’t be used for many other common business expenses.

Rho provides business checking accounts, corporate cards, and AP automation in a single platform. Rho does not charge platform fees.

14. CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

CitiBusiness® products and services are offered through Citibank. Citibank provides credit cards, banking, lending, investing, and wealth management services. Citibank is the banking subsidiary of Citigroup, a multinational financial services company.

EIN only?

No

At a glance

This credit card targets businesses that incur large travel expenses. In addition to the AAdvantage® mile rewards (explained below), cardholders can earn these benefits for American Airlines travel:

  • Free checked bags
  • Preferred boarding
  • Discounts on food, beverage, and Wi-Fi service
  • Companion Certificates for domestic travel
  • Loyalty Points toward AAdvantage® status

Annual fee

$0 intro annual fee for the first year, then $99 annually.

Regular APR

Variable APR of 21.24% to 29.99%, based on creditworthiness

Intro APR

None

Rewards type

Earn miles for every dollar spent

Rewards rate

Earn 2 miles for every dollar spent on:

  • Telecommunications, cable, and satellite providers
  • Eligible American Airlines purchases
  • Gas stations and car rentals

Earn 1 mile for every dollar spent on other purchases

Intro offer:

Bonus airline miles earned after you or your employees spend $4,000 in purchases within the first four months of account opening. Businesses can earn 65,000 AAdvantage® bonus miles to redeem for business travel.

Recommended credit score:  

Not provided

Pros

  • Travel benefits: Attractive benefits for travelers
  • AAdvantage® status: Loyalty Points toward AAdvantage® status, which offers an additional set of benefits
  • Intro offer: Potential to earn 65,000 AAdvantage® bonus miles

Cons

  • Annual fee: $99 annual fee after first year
  • Bonus mile access: Miles earned are posted to the AAdvantage® business account in 8-10 weeks

Best for

Businesses that have a large travel budget can benefit from using this card. With proper planning, cardholders can reach AAdvantage® status, which offers more benefits and savings to travelers.

CitiBusiness® / AAdvantage® Platinum Select® Mastercard® vs. Rho Corporate Credit Card

The CitiBusiness® card is a good choice for companies with travel budgets, and the card charges an annual fee after the first year. The Rho Card has no annual fees and integrates with a platform offering business checking accounts, treasury management, and business automation.

15. Chase Ink Business Preferred® Credit Card

Chase Ink credit cards are offered through JPMorgan Chase, one of the oldest financial institutions in the United States, with more than $2.6 trillion in assets under management. The bank offers checking accounts, small business loans, business credit cards, and other services. 

EIN only?

No

At a glance

Chase Ink offers several types of credit cards, and Chase provides several attractive reward programs. Several reviewers point out that Chase Ink rewards are more generous than those of many competitors.

Annual fee: 

$95

Regular APR: 

21.24% to 26.24% Variable APR

Intro APR: 

None

Rewards type: 

Points earned on purchases

Rewards rate: 

Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year:

  • Shipping purchases
  • Advertising purchases made with social media sites and search engines
  • Internet, cable, and phone services
  • Travel

Earn unlimited 1 point per $1 spent on all other purchases. Points do not expire as long as your account is open. Points are worth 25% more when you redeem for travel through Chase Travel. You can earn 40,000 bonus points for referring a business approved for any Chase Ink credit card.

Intro offer:

Earn 100,000 bonus points after you spend $8,000 on purchases in the first three months after account opening. The points can be redeemed for $1,000 cash back or $1,250 toward travel rewards when you redeem through Chase Travel.

Recommended credit score:  

Not provided

Pros

  • Variety of rewards: Chase Ink offers a variety of rewards, such as 5X points on Lyft rides through March 2025 with your Chase Ink Preferred card 
  • Spending controls: Employee cards let you set individual spending limits

Cons

  • Annual fee: Cardholders pay annual fees
  • Intro bonus: Chase Ink does not offer an intro bonus

Best for

Businesses can find multiple ways to benefit from using Chase Ink. Companies that monitor spending and potential rewards can accumulate points quickly. Chase Ink is useful for firms with larger travel budgets.

Startups that want a national bank with dozens of services and businesses that can meet requirements to minimize fees are a good fit for Chase.

Chase Ink Business Preferred® credit card vs. Rho Corporate Credit Card

Chase provides several attractive reward programs for business travel and other expenses, and Chase changes an annual fee. The Rho Card does not charge annual fees, and the Rho platform offers integrated financial software solutions.

16. American Express® Business Gold Card

American Express Company is an American bank holding company and multinational financial services corporation. The bank has a large focus on credit cards.

EIN only?

No

At a glance

The American Express® Business Gold Card charges a much higher annual fee than other credit cards in this review. The website explains that Cardholders can earn back the annual fee by using the card and earning rewards.

Annual fee: 

$375 Annual Fee

Regular APR: 

Variable APR of 19.49% - 27.49%, based on your creditworthiness and other factors. 

Intro APR: 

None

Rewards type: 

Points based on purchases

Rewards rate: 
  • Earn 4X Membership Rewards® points in the two select categories where you spend the most each month. 
  • Earn 3X Membership Rewards® points on flights and prepaid hotels booked on AmexTravel.com.
Intro offer:

125,000 Membership Rewards® Points after you spend $10,000 on eligible purchases in the first three months of Card Membership.

Recommended credit score:  

Not provided

Pros

  • Intro offer: The intro reward offer has a relatively low spending requirement.
  • Perks and discounts: Perks and discounts are offered by dozens of companies, including FedEx, Grubhub, Walmart, and other businesses. 
  • American Express Experiences: Pre-sale ticket access and member-only events, concerts, and Broadway shows.

Cons

  • Annual fee: Much higher fee than other cards in this review
  • Underwriting: Large legacy banks often have stricter underwriting requirements

Best for

Businesses with larger budgets and frequent card use can generate substantial benefits over time. Smaller companies may not be able to justify the high annual fee.

American Express® Business Gold Card vs. Rho Corporate Credit Card

The American Express annual fee is hard to justify when compared to the Rho Card. Rho offers cashback and other rewards without charging any fees. Customers can also use the financial software solutions on the Rho platform.

How to apply for a business credit card with an EIN only

1. Get your EIN

Businesses in the U.S. can apply for an EIN online, by fax, or by mail. International companies must contact the IRS by phone, fax, or mail. 

2. Find an EIN-only business credit card you want to apply for

Use the credit card reviews above to evaluate EIN-only credit cards and search for additional information online.

3. Apply

Provide your EIN and the other data required to apply. Determine if you meet the issuer’s other criteria, such as a minimum revenue requirement. 

Pros and cons of credit cards with EIN only

Pros

  • Separate business from personal finances
  • Build your business credit score 
  • No impact on the owner’s personal credit score

Cons

  • You're still responsible for business credit. Improper card management will impact the business credit score.
  • Business credit may be reliant on a strong personal credit history 
  • The business may not meet minimum revenue requirements and other criteria for approval

FAQs about EIN-only business credit cards

Should you apply for a business credit card with only an SSN?

If you are approved for a business credit card using your SSN, you may be personally liable for repaying the card balances. Read the agreement carefully and consider your personal liability risk.

Why don't some corporate card issues approve applications with only an EIN?

The card issuer may be concerned that the business will not generate enough revenue to make card payments. The issuer may hold the owner personally liable to increase the probability of repayment.

Why would a small business need a business credit card with EIN and not an SSN?

An EIN-only card allows the business to build its credit score over time.

Is it possible to apply for a business credit card with no personal guarantee?

Yes. Some EIN-only cards rely on the company’s ability to repay and not the owner’s personal credit. 

How can I apply for an EIN-only business credit card with bad credit?

It is difficult to get approved for an EIN-only card with poor credit. The card issuers want to minimize the risk of missed payments.

Can you build business credit with just an EIN?

Yes. Timely card payments are reported to business credit bureaus.

Can I use my EIN instead of SSN when applying for credit?

Some EIN-only cards will approve business credit cards without an SSN.

Conclusion: Choose the right EIN-only business credit card 

SMBs and startups may benefit from using a business credit card with EIN only, but owners must understand the application requirements and restrictions.

Many businesses need additional capabilities, including multi-entity support, AP automation, and other important features of financial operations. The best fintechs offer great service at a low cost.

Rho's scalable platform provides an end-to-end solution encompassing corporate cards, expense management, AP automation, business banking, and treasury management under one roof. 

This means businesses do not have to juggle multiple services as they grow, saving time and streamlining operations. 

Schedule time with a Rho expert today to learn more about Rho!

Competitive data was collected as of April 17, 2024, and is subject to change or update.

Banking services are provided, and cards are issued by Webster Bank, N.A., Member FDIC. All Rights Reserved. © 2019-2024 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc. Rho is not a bank. Rho partners with FDIC-insured banks to offer banking products and services.

Investment management and advisory services provided by RBB Treasury LLC dba Rho Prime Treasury, an SEC-registered investment adviser. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC Insured • Investments are not bank guaranteed, and may lose value. Investment products involve risk, and past performance does not guarantee future results.

Ken is a guest contributor. The views expressed are his and do not necessarily reflect the views of Rho.

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Rho is not a bank. Banking services and cards issued by Webster Bank, N.A. Member FDIC.