When it comes to managing finances for your LLC, having a business credit card can make a big difference. These cards not only help separate your personal and business expenses, but they also allow you to build your business credit. In this article, we will explore the top business credit cards for LLCs, highlighting their unique features and benefits. Whether you’re looking for cash back, travel rewards, or special perks, there’s a card that can meet your needs.
Key Takeaways
- Business credit cards help separate personal and business expenses for LLCs.
- They assist in building business credit, which is important for loans.
- Different cards offer various rewards like cash back or travel points.
- Some cards come with no annual fees, making them cost-effective.
- Choosing the right card can enhance financial management for your LLC.
1. American Express® Business Gold Card
The American Express® Business Gold Card is a solid choice for business owners looking to rack up rewards. This card lets you earn 4X Membership Rewards® points in your top two spending categories every month. The categories can change, but you get to earn those points on the first $150,000 spent each year. After that, it’s 1X points.
Key Benefits
- Welcome Offer: Score 100,000 points after spending $15,000 in the first 3 months.
- Flexible Spending: No preset spending limit, so you can spend as needed.
- No Foreign Transaction Fees: Perfect for international business travel.
Extra Perks
- Travel Benefits: Earn 3X points on flights and prepaid hotels booked through Amex Travel.
- Monthly Credits: Get up to $20 in statement credits for purchases at select stores like FedEx and Grubhub.
- Design Options: Choose from Gold, Rose Gold, or Limited Edition White Gold.
Fees and Rates
- Annual Fee: $295
- APR: 18.74% to 27.74% Variable
The Business Gold Card really shines if your business spending is concentrated in a couple of categories. It’s like getting rewarded for doing what you already do, just better.
One thing to keep in mind: there’s an annual fee, but if you play your cards right (pun intended), the rewards can outweigh the cost. Check out the American Express® Business Gold Card for more details on maximizing your business rewards.
2. Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®
This card is all about keeping things simple and rewarding. No annual fee, which is a big win right off the bat. You get a $300 statement credit after spending $3,000 in the first 90 days. Pretty sweet deal for just using the card.
Key Features:
- 1.5% cash back on all purchases. No hoops to jump through.
- If you’re in the Bank of America Preferred Rewards for Business program, you can boost your cash back up to 2.62%.
- The cash rewards never expire, so you don’t have to worry about losing them.
Pros:
- No annual fee makes it easy on the wallet.
- Great for businesses already banking with Bank of America because of the rewards boost.
- 0% intro APR on purchases for the first nine billing cycles.
Cons:
- Foreign transaction fee of 3% can add up if you travel or buy from overseas.
- Requires excellent credit, so not everyone will qualify.
This card is perfect if you want straightforward cash back without the fuss. It’s even better if you’re already part of the Bank of America ecosystem, thanks to the rewards boost. But watch out for those foreign transaction fees if you’re a globetrotter.
3. Brex Card
The Brex Card is a solid pick for startups and new businesses looking to avoid personal guarantees. This card skips the personal credit checks, making it a breeze for new LLCs to get approved.
- No Annual Fee: You won’t pay anything yearly to keep this card.
- Flexible Rewards: Earn points on every dollar spent, with up to 7x points on certain categories like rideshares and travel.
- Sign-Up Bonus: Get 10,000 points after spending $3,000 within the first three months.
Pros
- No personal guarantee needed.
- High credit limits compared to other business cards.
- No foreign transaction fees.
Cons
- Requires a significant bank balance to qualify.
- Complicated rewards structure.
- Not available for sole proprietors.
Brex makes managing employee expenses easy with automated features and offers valuable discounts on business tools. It’s a smart choice if you’re looking to grow your business without tying up personal credit.
4. Capital One Spark Miles for Business
Alright, let’s talk about the Capital One Spark Miles for Business card. This one’s pretty straightforward and great for those who love to travel. You get 2 miles for every dollar you spend, no matter what you buy. No confusing categories or limits, just pure and simple rewards.
Key Features
- Introductory Bonus: Spend $4,500 in the first three months and snag yourself a cool 50,000 miles. That’s like $500 in travel!
- Rewards Rate: 2X miles on every single purchase. Plus, if you book hotels or rental cars through Capital One Travel, you get 5X miles.
- Annual Fee: The first year is free, then it’s $95 after that.
Pros
- High rewards rate with no minimum redemption.
- Miles don’t expire as long as your account is open.
- Free employee cards that also earn unlimited 2X miles.
Cons
- There’s an annual fee after the first year.
- No intro APR period, so watch out for those interest charges.
The Capital One Spark Miles card is a solid pick for business owners who want to keep things simple and earn travel rewards without the hassle of categories or limits. It’s all about straightforward earning and redeeming.
Redemption Options
- Redeem miles for travel-related purchases like flights, hotels, and even ride-sharing services.
- Transfer miles to over 15 travel loyalty programs.
- Get up to $120 credit for Global Entry or TSA PreCheck.
If you’re looking for a card that offers unlimited travel rewards without the fuss, this might just be the one for you. Just keep an eye on that annual fee after the first year.
5. Capital One Venture X Business
The Capital One Venture X Business card is a solid pick for business travelers who want to rack up miles fast. This card offers a fantastic rewards rate, making it a great choice if you travel a lot for business. Here’s a quick rundown of what you get:
- 150,000 bonus miles when you spend $30,000 in the first 3 months.
- 2X miles on every purchase, everywhere, no limits.
- 10X miles on hotels and rental cars booked through Capital One Travel.
- 5X miles on flights and vacation rentals booked through Capital One Travel.
Key Features
- Annual Fee: $395, but the perks can easily make up for it.
- Travel Perks: Get access to over 1,300 airport lounges worldwide and a $300 annual travel credit.
- Flexibility: No preset spending limit, so your spending power grows with your business.
Pros
- High rewards rate.
- Lounge access and travel credits.
- Big welcome offer.
Cons
- High annual fee.
- Requires excellent credit.
This card is a great option if you’re looking for a mix of travel perks and rewards. Just make sure you can handle that annual fee and pay off your balance every month to avoid interest.
For more details, check out the Venture X Business credit card page.
6. Ink Business Preferred® Credit Card
Thinking of a card that can really help with business spending? The Ink Business Preferred® Credit Card might be the one. This card is pretty solid for earning points, especially if you spend a lot on travel or advertising.
Key Benefits
- Generous Welcome Bonus: You can earn 90,000 bonus points after spending $8,000 in the first three months. That’s a pretty sweet deal.
- Reward Rates:
- 3X points on travel, shipping purchases, internet, cable, and phone services, and advertising with social media and search engines (on the first $150,000 spent per year).
- 1X point on all other purchases.
- Travel Perks: Points are worth 25% more when you book travel through Chase Ultimate Rewards®. Plus, you can transfer points to various airline and hotel partners.
Fees and Rates
- Annual Fee: $95.
- APR: Variable, ranging from 17.74% to 25.74%.
Additional Perks
- No Foreign Transaction Fees: Great for international travel.
- Travel and Purchase Protections: Includes trip cancellation/interruption insurance, primary car rental insurance, and more.
- Free Employee Cards: Add employees at no extra cost.
"For businesses that spend big on travel and advertising, the Ink Business Preferred® Credit Card can help maximize your rewards and savings."
Pros and Cons
Pros:
- High points earning rates in key business categories.
- Valuable travel redemption options.
- Great bonus offer.
Cons:
- Annual fee of $95.
- Not ideal if you’re looking for 0% introductory APR.
If you’re running a business and need a card that rewards you well for your expenses, this one might just fit the bill. It’s especially useful if travel is a big part of your business life. Learn more about the Chase Ink Business Preferred Credit Card.
7. Ink Business Unlimited® Credit Card
Alright, so the Ink Business Unlimited® Credit Card is kinda cool if you’re running a small business or an LLC. Here’s why you might wanna check it out:
- No annual fee: That’s right, you won’t be paying a yearly fee just to keep this card around.
- Cashback on everything: You get 1.5% cash back on every purchase. No categories to worry about, just swipe and earn.
- Sweet intro bonus: Spend $6,000 in the first 3 months and snag a $750 bonus cash back. Pretty neat, huh?
Pros
- No annual fee – Keep your hard-earned money in your pocket.
- Simple rewards – 1.5% back on every purchase, no limits.
- Employee cards – Add employee cards at no extra cost and earn rewards faster.
Cons
- No bonus categories – You won’t get extra points for specific purchases.
- Foreign transaction fee – There’s a 3% fee on purchases made outside the U.S.
The Ink Business Unlimited® Credit Card is a solid choice if you want straightforward rewards without the hassle of annual fees. Plus, the intro bonus is one of the best for a no-fee business card.
8. Ramp Card
The Ramp Card is a solid choice for businesses looking to streamline their spending without the hassle of personal guarantees. It’s a no-annual-fee card that offers 1% to 1.5% cashback on purchases. However, it’s not for everyone. Sole proprietors and unincorporated businesses can’t get this card, and you’ll need at least $25,000 in a U.S. business bank account to qualify.
Key Features:
- No annual fee or foreign transaction fees.
- No personal credit check or guarantee needed.
- Offers unlimited virtual and physical cards for employees.
Considerations:
- Balance must be paid in full each month.
- Not available for sole proprietors or unincorporated businesses.
- Rewards rate varies based on your individual profile with Ramp.
The Ramp Card is a corporate charge card that simplifies expense management with direct integrations to tools like QuickBooks. It’s designed for U.S.-based corporations, LLCs, and limited partnerships, offering built-in controls to prevent overspending.
Pros:
- Easy integration with popular business tools.
- No personal financial responsibility required.
- Helps control company spending with customizable limits.
Cons:
- Requires a minimum balance in a business account.
- Not suitable for all business types.
- Monthly balance must be settled in full.
Despite some limitations, the Ramp Card stands out for its average savings of 5%, making it a competitive option among cash-back business credit cards.
9. The American Express Blue Business Cash™ Card
Alright, let’s chat about the American Express Blue Business Cash Card. It’s kind of a big deal for small business owners who want to keep things simple but effective.
Key Perks:
- No Annual Fee: You heard that right. You can enjoy the benefits without worrying about an extra cost every year.
- Cash Back: Earn 2% cash back on all eligible purchases up to $50,000 per year, then 1% after that. It’s like getting a little bonus every time you buy something for your business.
- Introductory APR: There’s a 0% intro APR on purchases for the first 12 months from the date of account opening. After that, a variable rate, currently 17.74% – 25.74%, kicks in.
Why It’s a Solid Choice
This card is perfect for those who want straightforward cash-back rewards without the fuss of tracking spending categories or paying an annual fee.
Things to Consider
- Spending Cap: The 2% cash back is only up to $50,000 in purchases per year, so if you spend more, the rate drops to 1%.
- Credit Requirement: You’ll need good to excellent credit to get approved.
Final Thoughts
The American Express Blue Business Cash Card is a no-brainer for small businesses looking to earn cash back on everyday purchases. Plus, the no annual fee and intro APR are sweet bonuses. Just keep an eye on that spending cap if your business expenses are high.
And there you have it, a quick rundown of why this card might just be the right fit for your business. Keep it simple, keep it rewarding!
10. The Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express is a solid choice for small business owners who want to earn rewards without paying an annual fee. This card gives you 2X points on everyday business purchases, up to $50,000 annually, then 1X thereafter.
Key Features
- No Annual Fee: Keep more money in your business by avoiding annual fees.
- Introductory APR: Enjoy a 0% intro APR on purchases for the first 12 months, then a variable rate of 17.74% to 25.74% applies.
- Welcome Offer: Earn 15,000 Membership Rewards® points after spending $3,000 in eligible purchases within the first 3 months.
Pros
- High rewards rate on everyday business purchases.
- No annual fee.
- Access to Expanded Buying Power, allowing spending beyond the credit limit.
Cons
- Bonus rewards are capped at $50,000 in spending per year.
- Requires good to excellent credit for approval.
"With no annual fee and a solid rewards structure, this card is a no-brainer for businesses that want to maximize their everyday spending."
Overall, this card is ideal for businesses that spend less than $50,000 annually and want to take advantage of a solid rewards program. Plus, you can prequalify for up to 150,000 points with the Blue Business Plus Amex Card, which offers expanded buying power for larger purchases.
Final Thoughts on LLC Business Credit Cards
In conclusion, choosing the right business credit card for your LLC is a smart move. It helps you keep your personal and business expenses separate, which is important for protecting your business. Plus, it can help you build your business credit, making it easier to get loans in the future. The cards we discussed offer various benefits, like cash back and travel rewards, so you can find one that fits your needs. Remember to think about your spending habits and what perks matter most to you. With the right card, you can make your business finances easier and even earn rewards along the way.
Frequently Asked Questions
What are the best business credit cards for LLCs?
Some of the top business credit cards for LLCs include the American Express® Business Gold Card, Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®, and Capital One Spark Miles for Business.
How can a business credit card help my LLC?
A business credit card can help separate your personal and business expenses, build your business credit, and earn rewards on your spending.
What should I consider when choosing a business credit card for my LLC?
Look at fees, rewards, interest rates, and any special features like purchase protection or travel benefits.
Can I get a business credit card for my new LLC?
Yes, new LLCs can apply for business credit cards. You’ll typically need to provide your Employer Identification Number (EIN) and may need to guarantee the card personally.
Are there any perks to using a business credit card?
Yes, business credit cards often offer rewards like cash back, travel points, and benefits such as expense tracking and purchase protection.
How does a business credit card affect my LLC’s credit score?
Using a business credit card responsibly can help build your LLC’s credit score, making it easier to qualify for loans and better credit terms in the future.