Credit Cards

Small Business Credit Cards For LLC

Small Business Credit Cards For LLC

Are you a small business owner with a limited liability company (LLC)? If so, you may be searching for the best credit card options to help manage your expenses and maximize the benefits for your business. This article will break down the top small business credit cards for LLCs, and guide you through the application process and the perks you can expect. We’ll also explore a realistic example to help you understand how utilizing a credit card can contribute to your business's success. Let’s dive in!

Why Your LLC Needs a Small Business Credit Card

  • Separate business and personal expenses, which simplifies accounting and tax management
  • Build business credit, which can help secure better loan terms in the future
  • Manage cash flow by providing access to a line of credit
  • Earn rewards and perks tailored to small businesses

Top Small Business Credit Cards for LLCs

1. Chase Ink Business Preferred Credit Card

The Ink Business Preferred Credit Card from Chase offers some of the best rewards and benefits for small businesses.

  • Earn 3 points per dollar on the first $150,000 spent in combined purchases on travel, shipping, internet, cable, phone services, and advertising each account anniversary year
  • 1 point per dollar on all other purchases with no limit
  • Redeem points for travel, cashback, gift cards, or shop with points on Amazon
  • Introductory offer of 100,000 bonus points after spending $15,000 in the first three months

2. American Express Blue Business Plus Credit Card

This card is tailored for business owners who want to maximize rewards for their everyday spending.

  • Earn 2X points on all purchases up to $50,000 per year, then 1X points with no category restrictions
  • 0% introductory APR on purchases for the first 12 months, allowing you to manage cash flow more easily
  • Access to the American Express Business App that can help you manage expenses and receipts
  • No annual fee

3. Capital One Spark Cash for Business

If simple cashback is your primary goal, the Capital One Spark Cash for Business is an attractive option.

  • Unlimited 2% cashback on every purchase
  • Introductory cash bonus of $500 after spending $4,500 in the first three months
  • Free employee cards that will also earn 2% cashback
  • Annual fee of $95, waived during the first year

Small Business Credit Cards For LLC Example:

Imagine you run an IT consulting LLC, and your primary business expenses are internet, phone services, and travel for client meetings. You opt for the Chase Ink Business Preferred Credit Card because of its high rewards for these specific expenses.

You spend $100,000 every year in these categories, which would earn you 300,000 points (3 points per dollar spent). If you redeem these points for travel through Chase’s portal, they are worth 25% more - which equates to $3,750 in value! You could then fund your company’s annual team retreat at no extra cost using the points you’ve earned throughout the year.

You now have the knowledge to confidently choose the best small business credit card for your LLC. It’s essential to weigh the benefits and rewards structure against your unique business needs to maximize your potential returns. Whichever card you choose, you're taking a step towards simplifying your finances and making the most of valuable perks tailored for small businesses. Don't forget to share this article with fellow small business owners and explore other guides on Flik Eco to elevate your financial savvy.


About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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