The 5 Best Credit Cards for LLC Owners

Here’s a look at some of the best credit card choices for an LLC.
Last updated Jan 17, 2020 | By Miranda Marquit
Smiling small business owner

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If you have a small business LLC, the right business credit card can help you earn valuable rewards, save money, and even build credit for your business. All good things, right? However, choosing the right business credit card isn’t a simple process. There are literally hundreds of cards to choose from, which is why we pulled together this guide outlining some of the best credit cards for LLCs.

Read on to learn more about these cards and why they are excellent options for small business owners.

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What’s the best credit card for an LLC owner?

As a small business owner, the credit card you choose should meet your needs and goals. When deciding on the best credit card for an LLC, you need to consider how you’re likely to use a card and the types of things you spend on.

Some common considerations when choosing a business credit card include things like how often you travel, what types of goods and services you normally buy, and whether the cards you’re considering come with an annual fee. An annual fee doesn’t need to be a deal-breaker, though. In some cases, an annual fee might be worth the cost, especially if you know you’ll use the card enough that the rewards will outweigh the cost.

5 best credit cards for LLC owners

Here are five great cards for LLC owners, what you need to know about each card, and how each can benefit you and your business.

Card Reward details Annual fee Recommended credit score
Chase Ink Business Preferred 5X points on Lyft rides; 3X points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines; and 1X points per $1 on everything else $95 Excellent, Good
The Business Platinum Card from American Express 5X points on flights and prepaid hotels on Amextravel.com, 1.5X points on eligible purchases of $5,000 or more, and 1X points per $1 spent on other purchases $595 Excellent, Good
Capital One® Spark® Miles for Business 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day $95 (waived first year) Excellent, Good
Chase Ink Business Cash 5% cash back at office supply stores and on internet, cable, or phone services (up to $25,000 combined annually); 2% cash back at gas stations and restaurants (up to $25,000 combined annually); and 1% cash back on everything else $0 Excellent, Good
Brex for Startups 7X points on rideshare, 4X on Brex Travel, 3X on restaurants, 2X on software subscriptions, and 1X on all other purchases with Brex Exclusive $0

Chase Ink Business Preferred

The Chase Ink Business Preferred card offers 3X points on first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines. On top of that, you won’t have to worry about foreign transaction fees. Plus, when you go to redeem travel rewards, you can get 25% more in redemption through the Chase Ultimate Rewards portal.

With this card, you can earn 100,000 points after spending $15,000 in the first 3 months. When redeemed through Chase Ultimate Rewards, that could be equal to $1,000 in travel.

The Chase Ink Business Preferred card works well for LLC owners who frequently buy social media and search engine advertising, as well as those who have internet and phone needs. Plus, business owners can get employee cards at no additional cost. Spending on those cards also earns rewards, allowing you to accumulate points faster. This is also a good card if you’re looking to redeem your points for travel.

Hot Sign-up Bonus

Benefits

  • 100,000 point sign-up bonus
  • 3X points on travel and common business spending categories
  • Flexible redemption options
  • Additional employee cards at no extra cost

Drawbacks

  • Has annual fee
  • No intro 0% APR promotion offered
  • Limited business-specific benefits


The Business Platinum Card from American Express

If you travel a lot for business and you know you’ll make large purchases, the Business Platinum Card from American Express is a good option. Even with the $595 annual fee, this is one of the best credit cards for LLCs because of its premium perks.

With this card, you’ll earn 5X points on flights and prepaid hotels on Amextravel.com, 1.5X points on eligible purchases of $5,000 or more, and 1X points per $1 spent on other purchases. On top of that, there is a $200 Airline Fee Credit and a Fee Credit for TSA PreCheck or Global Entry. Business purchases can also see heightened rewards. For example, if you make a purchase of $5,000 or more, you’ll get 50% more points. Additionally, redeeming for flights results in getting 35% points back.

There’s also a very generous welcome bonus with this card. You can earn 75,000 membership rewards points after you spend $15,000 on purchases within the first 3 months.

The Business Platinum Card from American Express is ideal for business owners who know they’ll make large purchases and can benefit from the extra points. On top of that, perks like a statement credit of up to $200 on Dell purchases, Gold status with Marriott and Hilton, and access to the American Express Global Lounge Collection also make this card worthwhile. However, you do need to be a high-spending business owner who travels frequently to make this card worth the annual fee.

Premium Business Rewards

Benefits

  • 75,000 point welcome offer
  • 5X points on qualifying flight and hotel purchases
  • 1.5X points on eligible purchases of $5,000 or more
  • Up to $200 statement credit per year for airline incidental fees
  • Terms apply

Drawbacks

  • High annual fee
  • Requires good to excellent credit


Capital One Spark Miles for Business

If you’re a big spender looking for a generous signing bonus, the Capital One Spark Miles for Business card might be a good choice for your LLC. This card comes with an annual fee of $95 (waived first year).

With this card, you get unlimited 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day. Additionally, you can earn 50,000 miles after spending $4,500 in the first 3 months. If you know you’ll be making some big purchases and ramping up spending in the coming months, this can be a good choice that lets you earn big rewards.

This card also has a few perks that an LLC owner might find attractive, including 5X miles on rental cars and hotels booked through Capital One Travel, as well as a credit for Global Entry or TSA PreCheck. Plus, it’s possible to transfer your miles to more than 10 of Capital One’s travel partners. There are free employee cards and no foreign transaction fees. You can also download your transactions to Quickbooks, Quicken, or Excel, making it easy for accounting and taxes.

In addition to being a great rewards card, the Capital One Spark Miles for Business can also be a good ongoing card for frequent travelers who are willing to book through Capital One’s travel portal.

Low Annual Fee with Plenty of Benefits

Benefits

  • 50,000 bonus miles welcome offer
  • Unlimited 2X miles on every purchase, every day
  • Free employee cards
  • No foreign transaction fees

Drawbacks

  • $95 annual fee after the first year
  • No introductory APR
  • No airline lounge access or free checked bags


Chase Ink Business Cash

The Chase Ink Business Cash is a great credit card for LLC owners who prefer cash back rewards and don’t want to pay an annual fee. This Chase business credit card features tiered rewards in categories that you’re likely to use for business.

With this card, you’ll receive 5% cash back on office supply stores and internet, cable, or phone services (up to $25,000 combined annually). The 2% cash back tier applies to purchases at gas stations and restaurants (up to $25,000 combined annually). You also earn 1% cash back on everything else.

This card also offers 5% cash back on each dollar spent on Lyft rides, which is great if your business requires regular travel or urban commutes.

There is a $0 annual fee with the Chase Ink Business Cash card, and rewards are straightforward. You can also earn $500 bonus cash back after spending $3,000 in the first 3 months. Employee cards have no additional cost, and you can set individual spending limits as well as earn cash back faster through purchases made on employee cards.

The Chase Ink Business Cash card is ideal for the small business owner who wants generous cash back in categories they spend the most in, but who might not make big purchases very often. With a $0 annual fee and a 0% APR on purchases for 12 months, this card can be a good start for business owners who need a little more flexibility or who might be getting started.

Up to 5% Cash Back

Benefits

  • $500 cash back sign-up bonus
  • No annual fee
  • 0% intro APR on purchases for 12 months
  • Up to 5% cash back

Drawbacks

  • Capped spending on bonus cash back categories
  • Has foreign transaction fee


Brex for Startups

The Brex for Startups card can be a great choice for businesses that are growing rapidly but might not yet have established business credit. This can be an easy-to-get business card for those who have a lot of assets, but might not have the credit to help them qualify for other cards.

Brex features the following rewards tiers for earning points:

  • 7X on rideshare (with Brex Exclusive)
  • 4X on Brex Travel (with Brex Exclusive), including flights, hotels and Airbnb
  • 3X on restaurants (with Brex Exclusive)
  • 2X on software subscriptions (with Brex exclusive)
  • 1X on all other purchases

With this card, there are no fees and you don’t have to worry about interest, because Brex connects to your business bank account and automatically deducts your monthly expenses.

In order to get this card, though, you do need $100,000 in your business bank account. However, if you meet that requirement as an LLC, you can get this card without the need for a credit check or a personal guarantee. This can be a huge advantage. Plus, Brex reports to Dun & Bradstreet and Experian to help you build business credit.

Brex can be an ideal card for business owners who are capital-rich, but credit poor. With this card, it’s possible to earn rewards for common business expenses, especially if you travel a lot. You can also avoid interest and fees by having the card connected to your business account.

No Personal Liability, Lots of Rewards Potential

Benefits

  • No credit check, no personal liability, and no security deposit required
  • 7X points on rideshare and 3X points on restaurants
  • No annual fee
  • No foreign transaction fee

Drawbacks

  • Payments automatically withdrawn from your business bank account
  • $100,000 balance required in your business bank account


How to earn the most rewards

The great thing about credit cards is that you don’t have to limit yourself to just one. You can maximize your rewards potential by figuring out which combination of cards might work better for you.

For example, a card that offers higher rewards on office supplies might be used for those purchases, while you might choose another card when trying to maximize your travel rewards. Pay attention to some of the common spending categories in your business, and apply for cards that will award you more points or cash back for your regular purchases.

Don’t forget to consider perks and welcome bonuses, too. If you know that you’re going to be expanding in the coming months, and ramping up your spending, it can make sense to look for a card that will give you a bigger signing bonus for spending more.

Why we chose these cards (methodology)

We chose these cards with LLC owners’ needs in mind. Some of these cards include luxury perks, and others focus on travel rewards or cash back. In addition to rewards, we also considered credit situation and the possibility that a business owner might be capital-rich and credit poor. The idea with these cards is to provide a variety of options that cater to the different needs of small business owners.

The final word on the best credit cards for LLC owners

Choosing a credit card for your LLC can be a big decision. The right credit card should help you reach your goals and fit with your financial situation. It can also help your business build credit, which can be valuable down the road.

Make sure you carefully consider your options and that you’re responsible with your credit card use. When possible, pay off your card as quickly as possible to reduce your interest expenses. As long as you choose a card that works with your situation and business needs, it should be able to help you achieve success.