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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. So what are the best credit cards for a new LLC?
The Best Credit Card for New 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. Also, note that sole proprietors aren’t eligible for the corporate card.
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 current Brex for Startups Credit Card signup bonus is the ability to earn 50,000 Brex Rewards points when you sign up before January 31, 2020, and you spend $1,000 with Brex. However, you must have a minimum of $100,000 in your bank balance to qualify. You can also save at least $25,000 in business-related services. You will find exclusive offers from vendors like Amazon Web Services, Google Ads, and Twilio.
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 $1,250 in award travel. You get 100,000 bonus Ultimate Rewards points after spending $15,000 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 Membership Rewards® 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 the airlines
- Online, TV, and radio advertising (U.S. purchases)
- Select computer hardware, software, and cloud solutions providers (U.S. purchases made directly with the provider)
- Gas stations (U.S. purchases)
- Restaurants (U.S. purchases)
- Shipping (U.S. purchases)
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.
American Express Business Gold cardholders also have access to a Pay Over Time Option that lets cardholders decide whether they want to pay for their eligible purchases in full each month or pay over time with interest (terms apply).
New American Express® Business Gold Card cardholders can earn 70,000 points after spending $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
The annual fee is $295 (See Rates & Fees).
Because of this and the other perks, the Business Gold is one of the best Amex business cards.
The 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.
Cardholders earn 5x Membership Rewards® points on flights and prepaid hotels booked on AmexTravel.com. Additionally, cardholders can get a 35% airline bonus when using their points to pay for all or part of a flight with a qualifying airline booked on amextravel.com, up to 500,000 bonus points annually.
Cardholders earn 1.5x Membership Rewards® points for each eligible purchase of $5,000 or more as well as 1.5x Membership Rewards® points on eligible U.S. purchases in the following select business categories (up to $2 million per calendar year):
- Construction material and hardware suppliers
- Electronic goods retailers and software & cloud system providers
- Shipping providers
Additionally, unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies (up to $200 semi-annually), up to $360 with Indeed, up to $150 with Adobe, and up to $120 on wireless telephone purchases. Enrollment required.
Plus, get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
Other airport benefits include a $189 annual CLEAR® credit when you use your Card to enroll in CLEAR® membership and access to more than 1,400 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. You’ll have more lounge location options than any other credit card on the market (as of 9/2021).
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 a worthy card for an LLC. And, if you’re looking for extra oomph, note that it’s one of the best metal cards you can have.
Welcome Bonus Offer
New The Business Platinum Card® from American Express cardholders have the opportunity to earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
The annual fee is $695 (See Rates & Fees).
The 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® points on the first $50,000 in annual everyday business purchases. All remaining purchases earn 1x Membership Rewards® point per $1.
Cardholders can also enjoy more flexibility to use their card for more purchases and rewards when buying above their credit limit. The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express, and other factors.
New The Blue Business® Plus Credit Card from American Express cardholders can earn 15,000 Membership Rewards® points after spending $3,000 in eligible purchases on the Card within their first 3 months of Card Membership.
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 earns 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
It also comes with Expanded Buying Power which gives cardholders the ability to spend beyond their credit limit. Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
New American Express Blue Business Cash™ Card cardholders can earn a $250 statement credit after making $3,000 in purchases on their Card in the first 3 months.
This card has no annual fee (See Rates & Fees).
The Plum Card from American Express
The Plum Card® from American Express comes with the ability to get a 1.5% early-pay discount, with no cap on what you can earn back when you pay your balance before the billing cycle ends. Take up to 60 days to pay with no interest, when you pay your minimum due by the payment due date.
The annual fee is $250 and no 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 on all purchases. Hotels and car rental bookings made through Capital One Travel earn 5x miles per $1 spent. 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.
Learn more: Business Credit Cards
Capital One Spark Cash for Business earns an 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.
The information for the Capital One Spark Cash for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
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® Credit Card. 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 gives you 2% back on up to $50,000 in annual spending. All remaining purchases above $50,000 earn 1% back. Cash back earned is automatically credited to your statement.
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.
And for rates and fees of the Plum Card® from American Express, please click here.
For rates and fees of the American Express® Business Gold Card, please click here.
And For rates and fees of The Business Platinum Card® from American Express, please click here.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.