A great way to expand the spending power of a limited liability company (LLC) is to sign up for a business credit card.
Not only does this give your business a line of credit, but the right card can also provide you with some great bonus rewards.
The problem? There are dozens and dozens of business credit cards out there, and to be perfectly frank, most of them are pretty uninspiring. With this in mind, we spent hours researching all the details of every popular business credit card.
What we found was that, while there are quite a few business credit cards out there that simply aren’t worth having, there are also some that offer excellent financial incentives to cardholders. In this article, we’ll discuss all the finer details of our seven favorite business credit cards for an LLC.
Quick Note: If you haven’t yet formed an LLC and are ready to get started, there are plenty of online LLC formation services (like LegalZoom and ZenBusiness) that can take care of the paperwork for you. It usually only takes about 10 minutes.
If you’d like a broad view of all the best LLC services online, we’ve reviewed and ranked them on our website.
7 Best Business Credit Cards for an LLC
Let’s run through a few quick notes regarding our criteria before we get started. When analyzing the dozens of business credit cards we looked at, we made the quality of each card’s rewards our top priority. Beyond that, we also weighed annual fees (or, more specifically, the lack thereof), as well as signup bonuses.
One aspect we didn’t weigh as heavily is APR (annual percentage rate). This is due to the fact that smart usage of business credit cards dictates that you should not carry a balance from month to month. To be perfectly honest, if you don’t have the financial responsibility to pay off your balance each month, you probably should not get a business credit card.
Most of these cards have APRs of at least 15%, and carrying a balance on any of these cards would be a significant financial burden on your LLC’s business success. Therefore, we did not place much weight on each card’s APR, although we will still list those figures in this article.
With that, let’s get started!
1) Capital One Spark Cash for Business
When it comes to business credit card rewards, it’s tough to top the unlimited 2% cashback offered by Capital One Spark Cash for Business. This card has no annual fee for the first year, and it’s a reasonable $95 after that.
In addition, Spark Cash for Business provides cardholders with a $500 signup bonus that only requires you to spend $4,500 on the card in the first three months. As for the APR, Spark Cash for Business is currently offering an 18.49% variable rate. Finally, this card offers free employee cards, as well as Capital One’s fraud protection.
When it comes to the combination of simplicity and value, the Capital One Spark Cash for Business card is an excellent choice for any LLC, big or small.
2) Marriott Bonvoy Business American Express
This one is a bit of a niche pick, but if it suits your needs, you can reap some incredibly impressive rewards. In fact, for the right entrepreneur, we could easily see moving this card up to the #1 overall slot.
In our opinion, the Marriott Bonvoy Business American Express card is the best travel rewards card available today, but your purchasing patterns need to match its benefits.
The big selling point of the Bonvoy Business card is the fact that it provides a whopping six points per dollar on purchases at Marriott hotels, but that’s really just the tip of the iceberg.
Just by carrying this card, you receive Silver Elite status with Marriott, which adds an additional 11 points per dollar, meaning you’ll actually get 17 points per dollar! Each point from your Bonvoy Business card is worth slightly less than a penny, but this is still an incredible offer.
Beyond that, this card provides all customers with one free night per year at Marriott properties, along with 75,000 bonus points when you spend $3,000 in your first three months. They also provide four points per dollar at restaurants, gas stations, wireless phone companies, and shipping costs, as well as two points on all other purchases.
There are some drawbacks, like the $125 annual fee, and the high 15.74% to 24.74% APR. Still, if travel rewards are your priority, and you like to stay at Marriott properties, there’s no better travel card in the industry today.
3) Capital One Spark Miles for Business
In some ways, the Capital One Spark Miles for Business card is even more rewarding than its sister card, the Spark Cash for Business card.
This is because this card provides two miles per dollar spent, which on the surface sounds exactly the same as the 2% cashback offered by Spark Cash for Business.
However, each mile offered by Spark Miles for Business is actually worth a bit more than a penny, so there’s actually a bit more value here than there is with Spark Cash for Business.
This is especially true if you use your miles with Capital One’s airline and hotel partners, which provide extra value per mile. Additionally, Spark Miles for Business offers up to $100 for TSA PreCheck or Global Entry applications.
Despite these advantages, we still slightly prefer the Spark Cash for Business card because it’s so much simpler. All you need to do is click one button on Capital One’s website for them to cut you a check or provide a statement credit for your 2% cashback, whereas Spark Miles for Business requires more legwork, especially if you’re trying to maximize your value by booking through Capital One’s travel partners.
Aside from this difference, the Spark Cash and Spark Miles for Business cards are nearly identical, with the same APR and annual fee, and a very similar signup bonus.
4) American Express Blue Business Cash
There’s not much of a gap between our top three picks and our number-four option, the American Express Blue Business Cash card. This card offers an excellent 2% cashback offer, but it’s limited to your first $50,000 in purchases, after which you’ll receive 1% cashback.
One big selling point of this card that’s an advantage over the Capital One Spark cards is the fact that there’s no annual fee. American Express Blue Business Cash also offers a 0% introductory APR for one year, with a variable rate of 13.24% to 19.24% after that. The card allows for zero-interest balance transfers for the first 12 months as well.
The American Express Blue Business Cash card also provides a modest $250 statement credit after you spend at least $5,000 on your card within the first six months, and there’s an extra $250 credit if you spend an additional $10,000 within the first year.
5) Chase Ink Business Unlimited
The Chase Ink Business Unlimited card is quite similar to another Chase card, the Ink Business Cash card, although we prefer Business Unlimited due to its simpler structure.
With Chase Ink Business Unlimited, you earn 1.5% cashback on all purchases, and they also offer a $500 credit if you spend $3,000 in your first three months as a cardholder.
Another aspect of the Business Unlimited card that we enjoy is the lack of annual fee. Chase also offers 12 months of a 0% APR, after which your APR could vary from 14,74% to 20.74%. They provide no-cost employee cards, as well as Chase’s full suite of fraud protection and account alerts.
As we mentioned, this card is very similar to the Chase Ink Business Cash card. For some entrepreneurs, Business Cash will be a better value than Business Unlimited, due to its tiered cashback structure.
However, Business Cash’s 5% and 2% cashback tiers (while impressive on the surface) are quite limited, meaning that for many users, the vast majority of your purchases will only receive 1% cashback.
6) Chase Ink Business Preferred
Another interesting card from Chase, the Ink Business Preferred card doesn’t really blow us away in most areas, but it does have an outstanding signup bonus.
If you spend $15,000 on the card in your first three months, they’ll provide a whopping 100,000 bonus points. Considering that Chase Ink’s rewards points are each worth a bit more than a penny, that’s a truly outstanding offer, although the spending threshold is admittedly pretty high.
Beyond the signup bonus, the Chase Ink Business Preferred card is solid (yet unspectacular) across the board. You’ll get three points per dollar on travel, shipping, telecommunications, and certain forms of advertising, and one point per dollar on other purchases. In addition, this card carries a $95 annual fee.
There are also some unique perks worth mentioning that make the Chase Ink Business Preferred card a bit more inviting. If you use this card to pay your cellphone bill, they’ll provide up to $600 if your phone is damaged or stolen. Chase also provides comprehensive purchase protection, trip cancellation/delay reimbursements, extended warranty protection, and more.
7) Business Platinum Card from American Express
This one is a bit tricky. The Business Platinum Card from American Express is incredibly popular, and it does have some impressive perks for frequent travelers, but it also has a massive $595 annual fee that prevented us from placing it higher on this list.
Still, it’s impossible to deny that AmEx has really loaded up the perks on this card. Specifically, you’ll receive Gold member status with both Marriott Bonvoy and Hilton Honors, and you also get access to more than 1,200 airport lounges.
In addition, they’ll throw in $200 in airline fee credit, $100 in credit for Global Entry or TSA PreCheck applications, and you even get 35% of your points back every time you book a flight with points.
While all these perks are nice, the Business Platinum Card from American Express is a bit underwhelming when it comes to its other attributes. You’ll receive five points per dollar for flights and hotels booked through amextravel.com, but only one point per dollar for all other purchases.
Finally, their signup bonus is impressive, with up to 75,000 bonus points, but you’ll need to spend $20,000 in your first three months to qualify.
There are so many business credit cards available these days that it can make your head spin.
However, we feel confident that just about every single one of our readers will find the right credit card for their businesses in this guide. We did countless hours of research on this topic, and we would wholeheartedly recommend any of these seven cards.
It’s important to note that our personal preference for simple, straightforward rewards played a part in the ranking of these cards.
Cards with complicated tiers of rewards can sometimes end up being more valuable than their cashback counterparts, but most of the time a straight 2% cashback card not only provides more value, but you also don’t need to structure your spending habits to load up on certain types of purchases to reap the maximum rewards.
Furthermore, it’s easier to widely recommend cashback cards, because every LLC can benefit from them, while some other cards are only a good fit for certain types of businesses with specific spending patterns. We hope this article helped you choose the right business credit card for your LLC!