| Business credit cards | Corporate credit cards | |
|---|---|---|
| Who’s liable? | The business owner usually signs a personal guarantee, making themself liable for all debt (including any debt charged by employee cardholders). | The business owner is typically not required to assume liability for the debt (liability instead rests with the business entity). Employee cardholders may be partially liable for debt. |
| Who’s eligible? | All business types, including informal and unregistered businesses. There is usually no required business size, business credit score or revenue. | Established corporations with multi-million dollar annual revenue, good business credit and the ability to meet a high spending threshold. Specific requirements will vary by issuer. |
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