Comparisons

Best Business Credit Card With No Personal Guarantee (UK 2026)

By Afshin · 31 May 2026 · 7 min read

Many small business owners search for a business credit card with 'no personal guarantee' to protect their personal finances. The honest answer: genuinely no-PG cards are rare in the UK and usually aimed at larger companies. Capital On Tap does require a personal guarantee — like most SME cards — but it remains one of the best all-round choices for limited companies thanks to no annual fee, 1% unlimited cashback, and the 7,500-point (£75) welcome bonus with referral code 2REFY893A52. This guide explains what a personal guarantee means, which cards genuinely skip it, and how to decide what's right for you.

What a personal guarantee actually means

A personal guarantee is a promise from a company director that, if the business cannot repay what it owes on the card, the director will cover it personally. It's the lender's way of reducing risk when lending to a limited company, which is otherwise a separate legal entity.

It only comes into effect if the business defaults — in normal use, paying your balance, it never matters. But it's worth understanding, because the vast majority of UK business cards (Capital On Tap included) require one.

Which businesses can get a card with no personal guarantee?

Genuinely no-personal-guarantee business cards in the UK are limited and generally fall into a few categories, most with stricter entry requirements than a standard SME card.

• Large corporate cards — often require high annual turnover (frequently £1m+) and an established trading history.
• Some charge cards for bigger businesses — where the balance is cleared in full each month.
• Secured or prepaid business cards — where you deposit funds upfront, so there's no credit risk and no guarantee needed (but also no real credit line).

Does Capital On Tap require a personal guarantee?

Yes. Capital On Tap requires a personal guarantee from a director or major shareholder on every account — it's a mandatory part of the agreement, and there is no guarantee-free version of the card. You read and agree to it during the application, before you accept the offer.

That's standard for UK business credit cards, which are unsecured. The guarantee is an 'all monies' guarantee, meaning your liability tracks the credit limit over time. In day-to-day use it never comes into play — it only matters if the business cannot repay what it owes.

Why Capital On Tap is still a strong choice for limited companies

If a personal guarantee is a dealbreaker, you'll need one of the genuine no-PG routes above — but those usually mean high turnover requirements, a deposit, or a much smaller limit. For most limited companies, a standard guarantee is simply the cost of a flexible credit line.

On everything else, Capital On Tap is one of the strongest all-round options: no annual fee, 1% unlimited cashback on all spending, limits up to £250,000, and a soft credit check to see if you're eligible without affecting your score. Applying with referral code 2REFY893A52 also adds a 7,500-point (£75) welcome bonus after your first card transaction.