Small-business credit cards and corporate credit cards can both achieve the same goal of financing a business. However, they’re designed for different types of businesses.
Corporate credit cards are usually only accessible to larger businesses with millions in annual revenue. Small-business credit cards are designed for all types of small-business owners.
Corporate credit cards are much tougher to get. These cards typically require the business to have good credit and a certain number of authorized cardholders.
Small-business cards have much fewer barriers to entry. With good personal credit, some basic information about your business and the willingness to provide a personal guarantee, you’re eligible for many of the best business credit cards.
The debt burden with small-business cards always lies with the primary cardholder.. This person provides the personal guarantee. With corporate credit cards, liability may fall solely on the business or be shared between all authorized cardholders.
Check out our full comparison of corporate and small-business credit cards for the finer details.