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Are you getting ready to form a new Limited Liability Company (LLC) or maybe have recently finished the process? Firstly, congrats. There are many advantages to being an LLC instead of a sole proprietor. One benefit is qualifying for the best small business credit cards that require an employer identification number (EIN). Here’s what you can expect when combing through credit card for LLC options.
The Best Credit Card for LLC
The best credit card for LLC options are versatile and can help optimize your business purchases. It’s also possible to redeem your purchase rewards for cash or award travel. Some cards may also provide a few fringe benefits like exclusive discounts on business purchases or travel credits.
Brex Corporate Card for Startups
Probably one of the most exciting business credit cards is the Brex Corporate Card for Startups. This card is only for incorporated businesses like LLCs, C-Corps, and S-Corps. Since Brex only pulls your business credit score, you need an EIN to apply.
Read more about how you can check your business credit score if you are unsure. Unlike most small business credit cards, Brex doesn’t require a personal guarantee or report your card activity to the personal credit bureaus.
The Brex for Startups Credit Card also doesn’t have an annual fee or foreign transaction fee. Yet, it also offers a robust purchase rewards program:
- 7x points on rideshares
- 4x points on Brex Travel purchases (flights, hotels, and Airbnb)
- 3x points at restaurants
- 2x points on recurring software subscriptions
- 1x points on everything else
Your points are worth one cent each when redeemed for travel or cash rewards. You can also transfer at a 1:1 ratio to select airlines including Asia Miles, Avianca LifeMiles, JetBlue, and Singapore Airlines.
The Brex for Startups Credit Card doesn’t offer a standard one-time cash signup bonus. Instead, you can save at least $25,000 in business-related services. You will find exclusive offers from vendors like Amazon Web Services, Google Ads, and Twilio.
Learn more: Business Credit Cards
Ink Business Preferred Credit Card
Another solid credit card for LLC option is the Chase Ink Business Preferred℠ Credit Card to earn some of the most valuable credit card points. You earn 3x Chase Ultimate Rewards points on the first $150,000 in combined annual purchases for:
- Shipping purchases
- Internet, phone and cable services
- Search engine and social media advertising
All non-bonus spending earns 1x point per $1.
Your points are worth 1.25 cents each for any travel booked on the Chase travel portal. Each point is worth 1 cent each for cash rewards and gift cards. If you have the personal Chase Sapphire Preferred card, you’re likely familiar with this process. The most valuable redemption option can be transferring your points at a 1:1 ratio to airline and hotel partners including United Airlines, Southwest Airlines, Singapore Airlines, and World of Hyatt.
The Ink Business Preferred also has a one-time signup bonus worth up to $1,000 in award travel. You get 80,000 bonus Ultimate Rewards points after spending $5,000 in the first 3 months.
This card has a budget-friendly $95 annual fee and no foreign transaction fee. Also, it is one of the best Chase business credit cards.
American Express Business Gold Card
The American Express® Business Gold Card is a flexible way to earn purchase rewards. You can earn 4x points on the 2 categories where your business spent the most each billing cycle from the list below, up to $150,000 in annual spending:
- Airfare purchased directly from airlines
- Online, TV, and radio advertising
- Select technology providers of computer hardware, software, and cloud solutions
- Gas stations
All remaining purchases earn 1x point per $1 spent with the American Express Business Gold Card.
Your points are most valuable when redeemed for award flights. Each point is worth 1 cent when booking award flights on AmexTravel. Then, you get back 25% of the redeemed points (up to 250,000 points) for all flights for one airline of choice and any business or first-class flight.
You can also transfer your points at a 1:1 ratio to the many airline transfer partners like Delta, Emirates, British Airways, and Singapore Airlines. Because of this and the other perks, the Business Gold is one of the best Amex business credit cards.
Business Platinum Card from American Express
Do you fly often for your new LLC? If so, The Business Platinum® Card from American Express is the most luxurious card for business travel.
- Earn 5x Membership Rewards on flights and hotels booked at AmexTravel
- Earn 1.5x points per $1 on purchases larger than $5,000 (1x point per $1 on all non-bonus spend)
- 35% points back on select award flight bookings (up to 500,000 points back per year)
- 1:1 airline and hotel airline transfer partners
- $200 airline fee credit
- Airport lounge access to over 1,200 lounges (including Centurion, Priority Pass, and Delta Sky Club)
- Global Entry or TSA PreCheck application fee credit
- Accelerated hotel and car rental agency loyalty status
- Up to $200 annual Dell Small Business statement credit
Your points are most valuable when redeeming points for award flights. But the lavish air travel benefits can be quite handy as well. Plus, the many perks make this card a worthy credit card for LLC option. And, if you’re looking for extra oomph, note that it’s one of the best metal credit cards you can have.
Blue Business Plus Credit Card from American Express
Need a business credit card with no annual fee (See Rates & Fees)? The Blue Business® Plus Credit Card from American Express can be a good fit. You earn 2x Membership Rewards on the first $50,000 in annual purchases. All remaining purchases earn 1x point per $1.
Your points are most valuable when redeemed for award flights. You can pool them with your other Membership Rewards credit cards to book your next award trip sooner. This is also one of the best business credit cards with no annual fee.
American Express Blue Business Cash Card
For cash rewards, the American Express® Blue Business Cash Card gives you 2% back on the first $50,000 in annual spending. All remaining spending earns 1% back. Amex redeems your balance each month as a statement credit.
This card doesn’t have an annual fee either (See Rates & Fees).
The Plum Card® from American Express gives you up to 60 days for interest-free repayments. You only need to make the minimum monthly payment to enjoy the net-60 repayment period. For any balance you repay within 10 days of the statement closing date, you get 1.5% cash back.
The annual fee for the Plum Card is $0 for the first year, then $250. There isn’t an annual fee for additional cards and you also won’t pay a foreign transaction fee (See Rates & Fees).
Capital One Spark Business Cards
For unlimited 2% back, check out the Capital One Spark business credit cards.
Capital One® Spark® Miles for Business gets unlimited 2x miles per $1. You can redeem your miles for travel statement credits, book upcoming travel, or transfer to participating airline partners. Another nice perk is a fee credit of up to $100 for Global Entry or TSA PreCheck for the primary cardmember.
Capital One® Spark® Cash for Business earns unlimited 2% back on all purchases. Your points are redeemable for statement credits, erasing recent purchases, and gift cards. There isn’t a foreign transaction fee either.
Also, note that you can use the Spark Business cards to redeem Capital One Venture miles.
Summary of the Best Credit Card for LLC Options
In conclusion, being a new LLC gives you access to more small business credit cards. This also makes it easier to earn rewards points you can redeem for cash or travel rewards. If you travel often, choosing a premium credit card can be your best bet. In the meantime, each on-time payment helps improve your business credit score.
What is the best credit card for a new small business?
If you’re a new LLC, S-Corp, or C-Corp, one of the first cards to consider is Brex for Startups Credit Card. This card doesn’t have an annual fee, earns up to 7x points per $1 on purchases, and can save you at least $25,000 in business partner offers. This card isn’t available to sole proprietors, even if you have an Employer Identification Number.
Also, another good card to consider is the Chase Ink Business Preferred. It earns 3x Ultimate Rewards points per $1 on purchases like travel, shipping, and online advertising. Your points can be redeemed for cash or travel rewards. You may also transfer them to airline and hotel loyalty programs at a 1:1 ratio.
Finally, for cash rewards, consider the American Express® Blue Business Cash Card. It doesn’t have an annual fee yet earns 2% back on the first $50,000 in annual purchases. All remaining purchases above $50,000 earn 1% back.
Can my LLC get a credit card?
Yes, LLCs can get a business credit card. In fact, some cards are only available to incorporated businesses like LLCs and S-Corps. One example is the Brex for Startups Credit Cards.
To get a credit card as an LLC, you will need to apply with your business tax identification number (TIN) or Employer Identification Number (EIN). The issuing bank may also require a personal guarantee and will check your personal credit report as well. These are the cards that are typically available to both sole proprietors and LLCs.
How do I build credit for my LLC?
There are several ways you can build your business credit score as a new LLC:
- Use a small business credit card you apply for with your LLCs tax id number
- Obtain a small business loan or line of credit
- Open a business bank account
- Apply for a DUNS number (to qualify for certain business credit products)
Also, the easiest and cheapest way to build your business credit score is getting a small business credit card that reports to the business credit bureaus. Making on-time payments with a no annual fee credit card means you can potentially increase your score every month at first. A good first business credit card can be the Brex for Startups which has no annual fee and a robust rewards program.
Also, as your credit matures, you can acquire business loans and lines of credit. Much like your personal credit score, timely payments and a low credit utilization ratio can help your score grow quickly.
For rates and fees of The Blue Business® Plus Credit Card from American Express, please click here.
For rates and fees of the American Express® Blue Business Cash Card, please click here.
For rates and fees of the Plum Card® from American Express, please click here.
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