The best LLC credit cards have large introductory offers worth up to $750, strong ongoing rewards of up to 5%, and low ongoing APRs. Plus, they offer additional features, such as insurance and travel perks. Some cards offer interest-free financing for up to 15 billing cycles on both purchases and balance transfers.
Top 9 Best LLC Credit Cards September 2019
What’s Changed With the Best LLC Credit Cards
The updates to our list of the best business credit cards for limited liability companies (LLCs) reflect the Federal Reserve’s short-term interest rate cut on July 31, 2019. We also added one American Express business credit card to our list in September 2019. This article was originally published in June 2019. SEE LATEST CHANGES IN DETAIL.
We Added a New American Express Business Card
In our September 2019 update, we included the American Express Blue Business CashTM Card. It offers 2% cash back on purchases up to $50,000 annually, then 1% thereafter. Plus, it charges no annual fee and no interest on purchases and balance transfers for the first 12 months. However, this card offers no introductory rewards, which can be a turnoff for some LLC owners.
Federal Reserve Cuts Short-term Interest Rates
On July 31, the Federal Reserve cut its benchmark interest rate by 0.25% for the first time since 2008. We monitor Fed rate changes because they impact the APRs banks charge on business credit cards. Credit card APRs are based on a set percentage rate over the prime rate. When the prime rate changes, APRs typically follow. American Express, Chase, and Discover reduced card interest rates, but other issuers have not yet done the same.
We Added a U.S. Bank Credit Card to Our Best LLC Credit Card List
In July, we added the U.S. Bank Business Cash Rewards World Elite™ Mastercard®, which charges no interest for 15 billing cycles on purchases and balance transfers. Plus, you’ll earn 3% cash back and a unique annual bonus up to $250. This card is our top pick for the best 0% APR business credit card and best balance transfer credit card. Make sure to pay off your balance before the introductory APR period ends.
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Applying for an LLC Credit Card
A limited liability company (LLC) combines elements of a partnership and corporation. It’s similar to a partnership in terms of tax efficiency and business flexibility, and it’s similar to a corporation in terms of limited personal liability for its owners. As an LLC, the owner is not personally liable for the LLC’s debts. You can apply for a business credit card as an LLC, but that doesn’t absolve you of your personal guarantee to repay.
How We Evaluated the Best LLC Credit Cards
LLC business credit cards offer various introductory and ongoing rewards, a range of APRs, and free additional benefits. The best LLC credit card for you is the card that offers the right mix of rewards, fees, and benefits for your business.
In our evaluation of the best business credit cards for LLC owners, we considered:
- Introductory rewards: The introductory offer you can earn by meeting a minimum spending requirement. Cards on this list offer introductory rewards up to $750.
- Ongoing rewards: The points or cash-back rewards you can earn for your ongoing purchases. The cards on our list pay ongoing rewards worth up to 5% of your purchase.
- Introductory APR: Whether a card offers an introductory 0% APR period on purchases or balance transfers. The best LLC credit card offers include introductory no-interest financing for up to 15 billing cycles.
- Ongoing APR: How much it costs to finance purchases or balance transfers. Cards on this list have ongoing APRs as low as 14.24%.
- Additional features: Any free perks or benefits that increase the card’s value. Some cards on our list offer purchase protection, extended warranty protection, and car rental insurance.
- Annual fee: How much it costs to own the card each year. Cards on this list have annual fees between $0 and $595.
- Who the card is best for: Which types of LLCs can benefit from a specific LLC credit card. Evaluate your financial situation and the features or rewards you need before you apply for a card.
While most small business credit cards evaluate your business credit, most also require a personal credit check and a credit score of at least 670 for approval. We also included one fair credit business credit card for LLC owners with personal credit scores below 670. Compare the best cards to find the right LLC credit card for you.
We recommend Chase Ink Business CashSM as the overall best LLC credit card. This card pays up to 5% cash back and offers an introductory 0% APR period for 12 months on purchases. Additionally, you can earn $500 cash back after spending $3,000 within the first three months.
Ink Business Cash℠ Credit Card
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- Earn 1% cash back on all other card purchases with no limit to the amount you can earn
- 0% introductory APR for 12 months on purchases
- Employee cards at no additional cost
- No Annual Fee
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% Intro APR on Purchases | 15.24% - 21.24% Variable | $0 | Good - Excellent |
Chase Ink Business CashSM is the overall best LLC credit card. This is a good card for office-based small businesses or sole proprietors with a lot of stationery or computer needs. You’ll earn up to 5% cash back and pay no annual fee. You can also earn a sign-up bonus of $500 after you spend $3,000 within the first three months. LLC owners will receive introductory 0% APR on purchases for 12 months. Ongoing APR starts at 15.24%.
Chase Ink Business CashSM Costs
Chase Ink Business CashSM charges no annual fee and no interest for 12 months on purchases. If you need to transfer a balance, this card is not right for you because its introductory APR only applies to purchases and it has a high balance transfer fee of 5%.
Financing costs and fees on the Chase Ink Business CashSM credit card include:
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 15.24% to 21.24% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: $5 or 5% of the transferred amount, whichever is greater
Chase Ink Business CashSM is one of the best business credit cards with no annual fee. This card’s introductory APR falls short compared to the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. That card offers an introductory 0% APR period for 15 billing cycles on both purchases and balance transfers.
Chase Ink Business CashSM Rewards
Chase Ink Business CashSM pays some of the best cash-back rewards, which are worth 5% of your purchase. Owners will also receive a $500 bonus after spending $3,000 within the first three months.
Introductory Rewards
You’ll earn $500 cash back after spending $3,000 within the first three months after account opening. Capital One® Spark® Cash for Business also lets you earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening. You must spend $1,500 more to receive the same bonus as Chase Ink Business CashSM.
Ongoing Rewards
You will earn the following ongoing rewards when using your card:
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone, and landline services each account anniversary year, then 1% afterward
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, then 1% afterward
- 1% cash back on all other purchases
Chase Ink Business CashSM pays cash-back rewards that are worth up to 5% of your purchase, which makes it one of the best cash-back business credit cards. No other card on our list offers higher rewards for gas or restaurant purchases.
How to Redeem Rewards
You can redeem your rewards for cash back, gift cards, and travel through Chase’s online travel portal. Redemption value for all three options is 1 cent per point, which is standard among cash-back credit cards. When redeeming for cash, you can receive a statement credit or a deposit into an eligible checking or savings account from a U.S.-based bank or credit union.
Chase Ink Business CashSM Additional Features
Chase Ink Business CashSM offers similar protections as most other business credit cards, which include car rental insurance, purchase protection, and extended warranty protection.
Chase Ink Business CashSM comes with the following additional features:
- Auto rental collision damage waiver: Provides primary coverage when renting for business purposes, which means it replaces your personal insurance. Chase will reimburse you up to the actual cash value of the vehicle for theft and collision damage.
- Purchase protection: Provides coverage against damage or theft for the first 120 days after purchase. Coverage is limited to $10,000 per claim and $50,000 per year.
- Extended warranty protection: Offers an additional year of warranty on U.S. manufacturers’ warranties of three years or less.
The additional benefits are similar to what most business credit cards on our list offer. However, some cards offer higher coverage levels. For example, the American Express Business Platinum Card® extended warranty protection offers up to an additional two years of coverage on warranties of five years or less.
What Chase Ink Business CashSM Is Missing
Chase Ink Business CashSM sets a $25,000 annual cap on both the 5% and 2% cash-back reward spending categories. This limitation may be too small for some LLC owners. If you spend more than $25,000, consider adding Capital One® Spark® Cash for Business to your wallet. That card pays an unlimited 2% cash back on all purchases.
Chase Ink Business CashSM Reviews
We considered both user reviews and our own editorial review when rating this card. Chase Ink Business CashSM reviews are very positive. Users especially enjoy the robust rewards and no annual fee.
User Reviews
Online reviews suggest that most cardholders find this an extremely valuable option. Cardholders benefit from its no annual fee and the business-oriented, cash-back rewards. However, some users complain that the ongoing APR is too high. The low end of the APR range just beats the average of about 17%.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. This Chase Ink business credit card is one of the best small business credit cards. Its introductory rewards, ongoing rewards, and introductory interest-free financing period set it apart from other cards. Some reviewers believe travel rewards could make this a stronger card.
How to Apply for Chase Ink Business CashSM
You can apply for the Chase Ink Business CashSM online by filling out a basic application with your business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days
The Business Platinum® Card from American Express
- Welcome Offer: Earn up to 100,000 Membership Rewards® points.
- Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
- Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
- 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
- Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
- Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
- Terms Apply
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | N/A | $595 | Good, Excellent |
on The Business Platinum® Card from American Express's secure website.
The American Express Business Platinum Card® is best for LLC owners who travel frequently. It offers top travel rewards and luxury travel perks, including airport lounge access and airport security screening fee reimbursements. This American Express business card charges an annual fee of $595, which makes it the most expensive card on our list. This is also a charge card, so it carries no APR because you’re required to pay it off in full monthly.
American Express Business Platinum Card® Costs
This business travel credit card charges the highest annual fee on our LLC credit card list. However, if you travel often, the $595 annual fee could be worth the luxury travel perks.
Financing costs and fees on this American Express business credit card include:
- Introductory APR: None
- Ongoing APR: No APR because it’s a charge card and needs to be paid in full monthly
- Annual fee: $595
- Balance transfer fee: Transfers are not allowed
The American Express Business Platinum Card® is the only charge card on our list. This means it carries no APR and your balance is due in full every month. If you can’t afford to pay off your balance in full every month, consider a traditional business credit card like the Discover it® Business Card. That card’s ongoing APR low end is about two percentage points lower than the average rate across business credit cards.
American Express Business Platinum Card® Rewards
The American Express Business Platinum Card® offers up to 100,000 bonus points after spending $25,000 within the first three months. It also has ongoing rewards of 5x points on purchases made through American Express Travel.
Introductory Rewards
You will earn the following introductory rewards when using your card:
- 50,000 bonus points after spending $10,000 within three months
- 50,000 extra bonus points after spending an additional $15,000 within the first three months
This introductory offer of 100,000 bonus points can be worth up to $1,000 in flights, Uber rides, and gift cards, and up to $525 in prepaid hotels. Other LLC business credit cards offer smaller sign-up bonuses. For example, Chase Ink Business UnlimitedSM offers $500 after you spend $3,000 within three months.
Ongoing Rewards
You will earn the following ongoing rewards when using your card:
- 5x points on travel purchases through American Express Travel
- 1.5x bonus points per dollar for eligible purchases of at least $5,000
- 1x points on all other purchases
This card is one of the best business credit cards for travel, as it offers the best returns on airfare and hotel purchases. Plus, it’s the only card that offers bonus rewards for purchases of at least $5,000. That reward also makes it an excellent option for LLCs looking for a high-limit business credit card to make larger purchases. Charge cards usually have no preset spending limit, so you can make large purchases without worrying about hitting your credit limit.
How to Redeem Rewards
There are seven ways to redeem your rewards:
- Statement credit: Redeem at least 1,000 points in your account for charges on your credit card statement
- Travel: Redeem a minimum of 5,000 points to book travel on American Express Travel and receive 35% of your points back
- Gift cards: Redeem your points for gift cards through American Express
- Amazon purchases: After you add your card to your Amazon account and use it at least once, you can use your points on Amazon purchases
- Ticketmaster: Redeem a minimum of 2,000 points on Ticketmaster to purchase event tickets
- AXS: Redeem a minimum of 2,000 points on AXS to purchases event tickets
- Taxi fares: Redeem your points for select taxi fares and tips in New York City
American Express business credit cards typically offer the most reward redemption options. For example, Chase Ink Business UnlimitedSM doesn’t let you redeem your rewards for Amazon purchases or event tickets.
American Express Business Platinum Card® Additional Features
The American Express Business Platinum Card® comes with the most robust card perks of any card on our list. It includes free access to over 1,200 airport lounges, expedited airport security screening, travel credits, and free in-flight Wi-Fi. You will also receive one year of Premium Global Access from WeWork, which is a co-working space.
The American Express Business Platinum Card® includes:
- American Express lounges: Free access to American Express Centurion lounges, which are located in eight U.S. airports.
- Other airport lounges: Free unlimited access to a network of at least 1,200 airport lounges.
- Airport screening: Either a $100 statement credit for Global Entry once every four years or $85 statement credit for TSA Pre✓® once every 4.5 years.
- Travel credit: A $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- WeWork Access: Receive one year of Premium Global Access from WeWork, which gives you access to at least 300 premium workspaces in more than 75 cities. This membership is worth $2,700. This offer expires on December 31, 2019.
- Rental status: Elite status at a number of car rental agencies, which includes free upgrades.
- Free in-flight Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Points rebate: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Get up to $100 in statement credits every six months on purchases with Dell for a total of $200 in credits every year.
Although this card’s $595 annual fee is the highest on our list, the additional card features are worth the money if you travel frequently. This is the only card on our list that offers airport lounge access and travel credits. We believe these features make it one of the best business credit cards with lounge access.
What American Express Business Platinum Card® Is Missing
The American Express Business Platinum Card® is a charge card, which means you must pay off your balance every month. If you need to carry a balance, it’s best to look elsewhere. The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is an excellent alternative. That card offers an introductory 0% APR period for 15 billing cycles on purchases and balance transfers.
American Express Business Platinum Card® Reviews
We considered both user reviews and our own editorial review when evaluating this card. American Express Business Platinum Card® reviews are generally positive. Although it carries a high annual fee, its luxury travel perks are unrivaled.
User Reviews
Online user reviews are generally positive. Cardholders who travel often say the airport lounge access benefit is unbeatable. However, some users who don’t travel frequently complain the annual fee is too expensive compared to other business credit cards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Reviewers agree that this is one of the best American Express business credit cards. Its luxury travel perks are like no other card we have reviewed. However, its annual fee is a turnoff for some LLC owners. It also lacks rewards for spending categories other than travel.
How to Apply for American Express Business Platinum Card®
You can apply for the American Express Business Platinum Card® online in a matter of minutes. You will be required to provide your basic business and personal information. Once approved, you will receive your card within seven to 10 business days.
Chase Ink Business UnlimitedSM: Best LLC Credit Card for Fixed-rate Cash Back With No Annual Fee
Ink Business Unlimited℠ Credit Card
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- 0% introductory APR for 12 months on purchases
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% Intro APR on Purchases | 15.24% - 21.24% Variable | $0 | Good - Excellent |
Chase Ink Business UnlimitedSM is best for LLCs that have businesses expenses in a number of categories. This card pays 1.5% on all purchases, which is a half percentage point less than the American Express Blue Business CashTM Card. However, it doesn’t offer introductory rewards. You can earn $500 after spending $3,000 within the first three months. You’ll also have 0% APR for 12 months on purchases. Ongoing APR starts at 15.24%.
Chase Ink Business UnlimitedSM Costs
Chase Ink Business UnlimitedSM carries identical costs to the Chase Ink Business CashSM credit card. It charges no annual fee and no interest for 12 months on purchases.
Financing costs and fees on the Chase Ink Business UnlimitedSM credit card include:
- Annual fee: None
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 15.24% to 21.24% variable, which adjusts with the prime rate
- Balance transfer fee: $5 or 5% of the transferred amount, whichever is greater
If you’re looking for the best introductory APR, consider choosing another LLC business credit card with no annual fee. The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is an excellent alternative. That card has no annual fee and offers an introductory 0% APR period for 15 billing cycles on both purchases and balance transfers.
Chase Ink Business UnlimitedSM Rewards
Chase Ink Business UnlimitedSM offers a $500 bonus after you spend $3,000 within the first three months. To earn a larger introductory reward, you’ll need to pay for a card with an annual fee. Additionally, this card pays unlimited 1.5% cash back on all purchases.
Introductory Rewards
You will earn $500 cash back when you spend $3,000 within the first three months. This introductory reward is identical to Chase Ink Business CashSM. If you want to earn a larger reward, you’ll need to choose a card with an annual fee like the American Express Business Platinum Card®. That card’s introductory reward is worth up to $750 in travel, but it has an annual fee of $595.
Ongoing Rewards
You will earn unlimited 1.5% cash back on all purchases, which makes it a solid credit card for new businesses that don’t want to track category rewards. If you want to earn a higher return rate, choose the American Express Blue Business CashTM Card. It pays 2% cash back on purchases up to $50,000 annually, then 1% thereafter.
However, the American Express Blue Business CashTM Card doesn’t offer any introductory rewards. You’d need to spend $25,000 annually on the American Express Blue Business CashTM Card to overcome the $500 sign-up bonus Chase Ink Business UnlimitedSM offers.
How to Redeem Rewards
You can redeem your rewards for cash back, gift cards, and travel through Chase’s online travel portal. Redemption value for all three options is 1 cent per point, which is common. When you redeem as cash back, you can receive a statement credit or a deposit into an eligible checking or savings account from a U.S.-based bank or credit union.
You also can increase your redemption value when you transfer rewards to another Chase credit card you own that’s part of the Ultimate Rewards program. For example, if you transfer Chase Ink Business UnlimitedSM rewards to the Chase Ink Business PreferredSM card, each point is worth 1.25 cents per point when redeemed for travel.
Chase Ink Business UnlimitedSM Additional Features
Chase Ink Business UnlimitedSM offers identical additional features to Chase Ink Business CashSM, which include car rental insurance, purchase protection, and extended warranty protection.
Chase Ink Business UnlimitedSM comes with the following additional features:
- Auto rental collision damage waiver: Primary coverage when renting a car for business purposes, which means it replaces any coverage your personal insurance offers. The issuer may reimburse up to the actual cash value of the vehicle for theft and collision damage.
- Purchase protection: Covers purchased items within 120 days of purchase from damage or theft. Coverage is limited to $10,000 per incident and $50,000 per year.
- Extended warranty protection: Offers an additional year of warranty on U.S. manufacturers’ warranties of three years or less.
Most of the best credit cards for LLC owners on our list offer similar additional card features. However, some cards offer better coverage levels. For example, the no annual fee American Express Blue Business® Plus credit card’s extended warranty protection provides up to an additional two years of coverage on warranties of five years or less.
What Chase Ink Business UnlimitedSM Is Missing
Chase Ink Business UnlimitedSM offers a lower reward rate compared to other fixed-rate cash-back LLC business cards on our list. However, some cards that pay a higher return rate also charge an annual fee. For example, Capital One® Spark® Cash for Business offers unlimited 2% cash back on all spending. That card charges an annual fee of $95, waived the first year.
Chase Ink Business UnlimitedSM Reviews
We considered both user reviews and our own Chase Ink Business UnlimitedSM card review when rating this card. Most user reviews are positive, but cardholders think Chase Ink Business CashSM is a better choice.
User Reviews
Online user reviews suggest that cardholders especially enjoy the introductory rewards and introductory 0% APR period on purchases. However, some users complain that the ongoing rewards fall short of other cash-back business credit cards. There are some LLC business cards that offer fixed-rate rewards up to 2%, but those credit cards charge annual fees or don’t offer sign-up bonuses.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. This Chase Ink business credit card is an excellent card option for LLCs that don’t have the time or patience to track category rewards. Plus, you’ll pay no annual fee. However, reviewers agree there are cards that offer better ongoing rewards.
How to Apply for Chase Ink Business UnlimitedSM
You can apply for the Chase Ink Business UnlimitedSM online by providing your basic business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days
American Express® Blue Business Cash Card
- Earn 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.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.
- 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 us and other factors.
- 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 15.24%, 18.24%, or 21.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% on purchases | 15.24% - 21.24% Variable | No annual fee | Good, Excellent |
on American Express® Blue Business Cash Card's secure website.
The American Express Blue Business CashTM Card is best for LLC owners who want to earn 2% cash back on purchases up to $50,000 annually and pay no annual fee. Other LLC credit cards that offer an identical return rate generally charge annual fees near $100. This LLC credit card also charges no interest for 12 months on purchases and balance transfers. Ongoing variable APR starts at 15.24%.
American Express Blue Business CashTM Card Costs
The American Express Blue Business CashTM Card charges no interest for 12 months on purchases and balance transfers. It also charges no annual fee, similar to Chase Ink Business CashSM.
Financing costs and fees on the American Express Blue Business CashTM Card include:
- Introductory APR: 0% for 12 months on purchases and balance transfers
- Ongoing APR: 15.24% to 21.24% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: $5 or 3% of the transferred amount, whichever is greater
This LLC credit card offers a solid introductory 0% APR period. However, there are other cards on our list that offer longer introductory financing periods. For example, the U.S. Bank Business Cash Rewards World Elite™ MasterCard® charges no interest for 15 billing cycles on purchases and balance transfers.
American Express Blue Business CashTM Card Rewards
The American Express Blue Business CashTM Card pays 2% cash back on purchases up to $50,000 annually, then 1% thereafter. However, it doesn’t offer introductory rewards.
Introductory Rewards
The American Express Blue Business CashTM Card is one of three cards on our list that doesn’t offer any introductory rewards, including American Express Blue Business® Plus and Capital One® Spark® Classic for Business.
Several cards on our list of the best credit cards for LLC owners offer sign-up bonuses when you meet a minimum spending requirement within a specific time period. Chase Ink Business UnlimitedSM, for example, offers $500 when you spend $3,000 within three months.
Ongoing Rewards
The American Express Blue Business CashTM Card offers the following ongoing rewards:
- 2% cash back on all purchases up to $50,000 each year
- 1% cash back on all additional purchases
Although the American Express Blue Business CashTM Card pays a higher return rate compared to Chase Ink Business UnlimitedSM, it falls short because it doesn’t offer a sign-up bonus. You would need to spend $25,000 on your American Express business credit card during the first 12 months to overcome the $500 sign-up bonus Chase Ink Business UnlimitedSM offers.
Here’s a look at the math:
- American Express Blue Business CashTM Card: $25,000 in annual spend x 2% cash back = $500 in ongoing rewards
- Chase Ink Business UnlimitedSM: Spend $3,000 within the first three months = $500 in introductory rewards
How to Redeem Rewards
You’ll receive a rebate as a statement credit for any eligible purchases on their American Express business card, which isn’t common for most credit cards. The rebate you’ll receive is based on the percentage of eligible purchases made during a billing period and appears on the second billing statement after the billing statement where those purchases appear. For example, if you earn rewards in December, you will see a statement credit on your February bill.
American Express Blue Business CashTM Card Additional Features
The American Express Blue Business CashTM Card comes with some fairly robust protections against loss and damage, including extended warranty protection and purchase protection.
The American Express Blue Business CashTM Card offers the following additional features:
- Extended warranty protection: American Express provides up to one additional year of coverage on eligible warranties of up to five years. This coverage is limited to $10,000 per occurrence and $50,000 per account per year.
- Purchase protection: American Express will repair, replace, or reimburse you for new purchases that are damaged or stolen within 90 days of purchase. This coverage is limited to $1,000 per claim and $50,000 per account per year.
The purchase protection falls short of the American Express Blue Business® Plus card. That card offers a purchase protection window of 120 days. Additionally, that card also offers up to an additional two years of warranty coverage compared to one year.
What American Express Blue Business CashTM Card Is Missing
This card doesn’t give you the opportunity to earn an introductory reward. This can be a turnoff to some LLC owners, especially when other LLC credit cards on our list offer sign-up bonuses worth up to $500 cash back. Chase Ink Business CashSM, for example, offers $500 after you spend $3,000 within three months.
American Express Blue Business CashTM Card Reviews
We considered both user reviews and our own editorial review when rating this card. This card was introduced in late July, and we found no user reviews online. However, editorial American Express Blue Business CashTM Card reviews suggest this card offers solid fixed-rate rewards for a card that charges no annual fee.
User Reviews
This card was released in July 2019, and we found no user reviews.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviewers agree this American Express business credit card is a solid option if you don’t want to track category bonuses. Other LLC credit cards that offer fixed-rate rewards of up to 2% also charge annual fees close to $100. Reviewers suggest this card would be stronger if it had a sign-up bonus.
How to Apply for American Express Blue Business CashTM Card
You can apply for the American Express Blue Business CashTM Card online, and you could receive a decision in as quickly as 30 seconds. Once approved, your card will arrive in the mail within seven to 10 days.
The Blue Business® Plus Credit Card from American Express
- Get rewarded for business as usual. Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners.
- 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- More buying power for your business means more opportunities to earn points. That’s everyday business with the Blue Business Plus Card.
- *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 us, and other factors.
- 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 15.24%, 18.24% or 21.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- Terms Apply
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% on purchases | 15.24% - 21.24% Variable | No annual fee | Good, Excellent |
on The Blue Business® Plus Credit Card from American Express's secure website.
American Express Blue Business® Plus is designed for LLCs that want to earn fixed-rate points for travel, but who can’t justify the American Express Business Platinum Card®. You’ll earn 2x points on all purchases up to $50,000 annually, then 1x points. It offers interest-free financing for 12 months on both purchases and balance transfers. However, it doesn’t offer introductory rewards, which can be a turnoff for some owners. Ongoing APR starts at 15.24%.
American Express Blue Business® Plus Costs
American Express Blue Business® Plus charges no annual fee and no interest on purchases and balance transfers for 12 months. This offer falls short of the 15 billing cycles the U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers.
Financing costs and fees on the American Express Blue Business® Plus card include:
- Annual fee: None
- Introductory APR: 0% for 12 months on purchases and balance transfers, which makes it one of the best balance transfer business cards
- Ongoing APR: 15.24% to 21.24% variable, which adjusts with the prime rate
- Balance transfer fee: $5 or 3% of the transferred amount, whichever is greater
Alongside its introductory 0% APR period, this American Express business credit card charges a small balance transfer fee. Chase Ink Business CashSM card, for example, charges 5% on balance transfers compared to the 3% on this card. This difference can add up to hundreds of dollars if you transfer a large balance.
American Express Blue Business® Plus Rewards
The American Express Blue Business® Plus credit card does not offer any introductory rewards, which is one of its weaknesses. However, it pays 2x points on all purchases up to $50,000 per year, then 1x points thereafter.
Introductory Rewards
The American Express Blue Business® Plus credit card does not offer any introductory rewards. Applying for an LLC business card that offers introductory rewards can let you earn a sign-up bonus worth hundreds of dollars. For example, Chase Ink Business CashSM and Chase Ink Business Unlimited SM both offer $500 after you spend $3,000 within the first three months.
Ongoing Rewards
With the American Express Blue Business® Plus card, you can earn:
- 2x points on all purchases up to $50,000 each year
- 1x points on all additional purchases
American Express Blue Business® Plus pays the same fixed-rate as the Capital One® Spark® Cash for Business card. However, this American Express business credit card only rewards purchases up to $50,000 annually. Capital One® Spark® Cash for Business has no limit and allows you to earn unlimited rewards of 2% cash back on all spending.
How to Redeem Rewards
There are seven ways to redeem your rewards:
- For your charges: Redeem your points for your eligible charges on your current statement; you must have at least 1,000 available points in your account
- Travel: Redeem for travel through American Express Travel; the minimum redemption is 5,000 points
- Gift cards: Purchase American Express gift cards
- Amazon.com: To use points at Amazon, you must first load your card into your Amazon account and use your card at least once
- Ticketmaster: Redeem your points on Ticketmaster to purchase event tickets; minimum redemption is 2,000 points
- AXS: Redeem your points on AXS to purchase event tickets; minimum redemption is 2,000 points
- Taxi fares: You can redeem your points for fares (including tips) in some taxis in New York City
These reward redemption options outrank the American Express Blue Business CashTM Card. That card only offers a statement credit for the cash-back rewards you earn.
American Express Blue Business® Plus Additional Features
American Express Blue Business® Plus offers similar additional features to most business credit cards, which include extended warranty protection and purchase protection.
American Express Blue Business® Plus comes with the following additional features:
- Extended warranty protection: Provides up to an additional two years of warranty on the original manufacturer’s warranty of five years or less. Coverage is limited to $10,000 per claim and $50,000 per year.
- Purchase protection: The issuer will repair, replace, or reimburse you for a purchased item that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per claim and $50,000 per year.
American Express is known for its robust and unrivaled additional card features. The extended warranty protection on this card is better compared to the American Express Blue Business CashTM Card. That card only offers a 90-day purchase protection window and up to an additional one year of warranty coverage.
What American Express Blue Business® Plus Is Missing
American Express Blue Business® Plus is one of three cards—including the American Express Blue Business CashTM Card and Capital One® Spark® Classic for Business—on our list that doesn’t offer introductory rewards, which may turn away LLCs looking to maximize credit card rewards. If you want a card that offers introductory rewards and charges no annual fee, consider Chase Ink Business CashSM. That card offers $500 after you spend $3,000 within the first three months.
American Express Blue Business® Plus Reviews
We considered both user reviews and our own editorial review when rating this card. American Express Blue Business® Plus reviews are mostly positive. LLC owners believe its introductory 0% APR financing and ongoing rewards help grow their businesses. However, the lack of introductory rewards is a disadvantage.
User Reviews
Online cardholder reviews are mostly mixed. Most cardholders suggest they especially enjoy the benefit of no-interest financing and the card’s fixed-rate rewards. However, some users complain about the lack of an introductory reward.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. American Express Blue Business® Plus is a solid small business credit card for LLC owners who want to save on interest charges and earn fixed-rate ongoing rewards. However, the lack of an introductory reward may be a deciding factor for some.
How to Apply for American Express Blue Business® Plus
You can apply for the American Express Blue Business® Plus online in a matter of minutes. You’ll be required to fill out a basic application containing your business and personal information. Once approved, you’ll receive your card within seven to 10 days.
U.S. Bank Business Cash Rewards World Elite™ MasterCard®
- Earn a new cardmember bonus of $500 after you spend $4,500 in eligible net purchases on your card within the first 150 days of account opening
- 3% cash back on cellular, gas stations, and office supply store net purchases
- 1% cash back on other eligible net purchases
- No limit on total rewards and they never expire!
- Plus, a 25% Annual Cash Rewards bonus, up to $250
- No annual fee*
- Net purchases are purchases minus credits and returns
- 0% Intro APR* on purchases and balance transfers for the first 15 billing cycles. After that variable APR currently 14.24% - 25.24%*
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% | 14.24% - 25.24% Variable | $0 | Excellent |
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is best for LLC owners who are looking for no-interest financing. It offers an introductory 0% APR period on purchases and balance transfers for 15 billing cycles. You’ll also earn up to 3% cash back and a unique 25% bonus on the prior year’s rewards, up to $250. Its ongoing APR is between 14.24% and 25.24%.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Costs
The U.S. Bank business credit card offers the best introductory APR period on our list. You’ll pay no annual fee and no interest for 15 billing cycles on purchases and balance transfers.
Financing costs and fees on the U.S. Bank Business Cash Rewards World Elite™ Mastercard® include:
- Introductory APR: 0% on balance transfers and purchases for the first 15 billing cycles
- Ongoing APR: 14.24% to 25.24% variable, which adjusts with the prime rate
- Balance transfer fee: $5 or 3% of the transferred amount, whichever is greater
- Annual fee: None
The next best introductory APR offers on our list are the American Express Blue Business® Plus and the American Express Blue Business CashTM Card. Those cards charge no interest on purchases and balance transfers for 12 months compared to the 15 business cycles on the U.S. Bank Business Cash Rewards World Elite™ Mastercard®.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Rewards
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers a $500 sign-up bonus after you spend $4,500 within the first 150 days. You can also earn a unique 25% annual bonus worth up to $250. It pays up to 3% cash back in three bonus categories.
Introductory Rewards
You’ll earn $500 cash back after you spend $4,500 during the first 150 days. This card’s minimum spending requirement window is longer than most cards on our list. For example, Chase Ink Business CashSM requires you to spend $3,000 within three months to earn the $500 sign-up bonus.
Ongoing Rewards
You’ll earn the following ongoing rewards when using your card:
- 3% cash back on cellphone purchases and service
- 3% cash back on gas purchases up to $200 per single purchase
- 3% cash back at office supply stores
- 1% cash back on all other eligible purchases
The cellphone bonus category is a unique reward compared to other cards on our list. If you don’t want to track category bonuses, consider a fixed-rate rewards card like American Express Blue Business® Plus (2x points per $1) or the American Express Blue Business CashTM Card (2% cash back).
How to Redeem Rewards
You can redeem your rewards for cash back, as a statement credit, or in the form of a debit card. If you choose a debit card, you’ll receive a U.S. Bank Rewards Mastercard Card. If you redeem as cash back, your rewards will be deposited into your U.S. Bank business checking, savings, or money market account.
Redemption rates are 3 cents per dollar spent on cellphone purchases and service, gas purchases, and office supply store purchases. All other redemptions are worth 1 cent per dollar spent.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Additional Features
This small business credit card offers perks similar to most other cards on our list, such as a car rental collision damage waiver, purchase security, and extended warranty protection.
The following benefits are included on your card:
- MasterRental car rental collision damage waiver: U.S. Bank covers you in case of accident or theft on all rentals made worldwide. This coverage is primary, which means you won’t need to use your own car insurance or accept what the rental company offers. Coverage is limited up to $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse purchases that are damaged or stolen within 90 days of purchase. This coverage is limited to $1,000 per item and up to $25,000 per year.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year on warranties of five years or less. U.S. Bank will replace the item or reimburse you up to the amount charged on your card up to $10,000.
This card includes benefits similar to the American Express Blue Business® Plus. However, that American Express business credit card offers purchase protection on items that are damaged or stolen within 120 days of purchase.
What U.S. Bank Business Cash Rewards World Elite™ Mastercard® Is Missing
The U.S. Bank business credit card doesn’t offer the best rewards for office supply store spending compared to some other business credit cards. You can earn up to 5% cash back with other cash-back business credit cards, including Chase Ink Business CashSM. However, that card does not have an introductory APR that applies to balance transfers.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Reviews
We considered both user reviews and our own editorial review when rating this card. U.S. Bank Business Cash Rewards World EliteTM Mastercard® reviews are mostly positive. This card has one of the best introductory APR offers, but it could improve its ongoing cash-back rewards.
User Reviews
Online reviews are generally positive. Cardholders say they benefit from the card’s introductory 0% APR period when building their business. However, some users wish it had a more robust ongoing rewards structure.
Editorial Reviews
We rate business credit cards based on their costs, rewards, and benefits. The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is the best credit card for financing purchases or transferring a balance from a card with high interest rates. Reviewers agree this card lacks top cash-back rewards.
How to Apply for U.S. Bank Business Cash Rewards World Elite™ Mastercard®
You can apply online for the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. You’ll be required to fill out a basic application with your business and personal information. Once you’re approved, you’ll receive your card in the mail within seven to 10 days.
Capital One® Spark® Cash for Business
- Earn unlimited 2% cash back for your business on every purchase, everywhere
- Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
- $0 annual fee for the first year; $95 after that
- $0 Fraud Liability if your card is lost or stolen
- Free employee cards, which also earn unlimited 2% cash back on all purchases
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | 19.24% (Variable) | $0 intro for first year; $95 after that | Excellent, Good |
on Capital One® Spark® Cash for Business's secure website.
Capital One® Spark® Cash for Business is the best LLC credit card for owners who want to earn top fixed-rate cash-back rewards on all spending with no cap. You’ll earn unlimited 2% cash back on all spending, which makes it a good option for LLCs that don’t want to track category bonuses. Its ongoing variable APR is 19.24%, which is about two percentage points higher than the average among small business credit cards.
Capital One® Spark® Cash for Business Costs
Capital One® Spark® Cash for Business does not offer an introductory APR period like some other cards on our list. Plus, it charges an annual fee and has a relatively high ongoing variable APR of 19.24%.
Financing costs and fees on Capital One® Spark® Cash for Business include:
- Introductory APR: None
- Ongoing APR: 19.24% variable, which adjusts with the prime rate
- Annual fee: $95, waived for the first year
- Balance transfer fee: None
Besides the American Express Business Platinum Card®, Capital One® Spark® Cash for Business is the only other card on our list that charges an annual fee. For the first year, you’ll pay no annual fee, but Capital One will charge $95 thereafter. In comparison, the American Express Business Platinum Card® charges a steep $595 annually.
Capital One® Spark® Cash for Business Rewards
This Capital One business credit card offers a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening. Plus, it pays 2% cash back on all spending, which is the highest fixed-rate return on our list. If you would rather earn miles for travel, Capital One offers Capital One® Spark® Miles for Business, which is a nearly identical card.
Introductory Rewards
You’ll earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening. This introductory offer is similar to Chase Ink Business CashSM, but its minimum spending requirement is higher. Chase Ink Business CashSM offers $500 after you spend $3,000 within the first three months.
Ongoing Rewards
You’ll earn unlimited 2% cash back on all spending. This is the highest fixed-rate return on our list. In comparison, the American Express Blue Business CashTM Card caps its 2% cash-back rewards at $50,000 in annual spending, then you’ll earn 1%. If you want to earn bonus category rewards, consider Chase Ink Business CashSM.
How to Redeem Rewards
You can redeem your rewards as a statement credit, as a check, for a recent transaction, or for gift cards, or you can set up automatic redemption. If you choose to redeem automatically, you can set a time each calendar year to receive your rewards or when you reach a specific threshold ($25, $50, $100, $200, $500, or $1,500).
Capital One® Spark® Cash for Business Additional Features
According to Capital One’s website, this card offers the Visa® Business Benefits, which include common business credit card perks like extended warranty protection and purchase protection.
Capital One® Spark® Cash for Business comes with the following additional features:
- Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by up to one year on eligible warranties of three years or less.
- Purchase protection: Covers your new purchases for 90 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
According to Capital One’s website, Capital One® Spark® Cash for Business offers Visa® Business Benefits. These additional card benefits are similar to most other small business credit cards. If you want better coverage levels, you’ll need to consider a card with a higher annual fee, such as the American Express Business Platinum Card®.
What Capital One® Spark® Cash for Business Is Missing
Capital One® Spark® Cash for Business does not have an introductory 0% APR period, which means it’s not the best for carrying a balance. If you need to carry a balance, consider a 0% APR business credit card like the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. That card offers no-interest financing for 15 billing cycles on purchases and balance transfers.
Capital One® Spark® Cash for Business Reviews
We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Cash for Business reviews are mostly positive. It’s one of the top fixed-rate business credit cards, but may not be right for all LLC owners because of its $95 annual fee.
User Reviews
Online Capital One® Spark® Cash for Business user reviews are generally positive. This card offers excellent fixed-rate rewards on all spending, which cardholders find extremely beneficial. However, some users complain about the lack of introductory interest-free financing as seen on other business credit cards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this card agree that it’s best for LLCs that have diverse spending needs because of its fixed-rate rewards. However, LLC owners who want to cut credit card costs may benefit more from the Capital One® Spark® Cash Select for Business, which charges no annual fee.
How to Apply for Capital One® Spark® Cash for Business
You can apply for the Capital One® Spark® Cash for Business card online. You’ll be required to provide your basic personal and business information. Once approved, you’ll receive your card within seven to 10 business days.
Discover it® Business Card: Best LLC Credit Card for Maximizing First-year Rewards
Discover it® Business Card
- Unlimited 1.5% Cash Back
- Cash back Match - We'll automatically match all the cash back you've earned at the end of your first year. There's no signing up. And no limit to how much we'll match.
- 100% U.S. Based Customer Service
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% | 15.24% to 23.24% Variable | $0 | Good - Excellent |
The Discover it® Business Card is best for LLCs that want to maximize rewards during the first year of card ownership. Instead of offering traditional introductory rewards, Discover will match—or double—all the cash-back rewards you earn over the first year. This means you can earn 3% cash back on all spending during the first 12 months. It also offers an introductory 0% APR period for 12 months on purchases. Ongoing APR starts at 14.99%.
Discover it® Business Card Costs
The Discover it® Business Card charges no annual fee and no interest for 12 months on purchases. This introductory APR period is identical to both Chase Ink Business CashSM and Chase Ink Business UnlimitedSM.
Financing costs and fees on the Discover it® Business Card include:
- Introductory APR: 0% for 12 months on purchases
- Ongoing APR: 14.99% to 22.99% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: 5% of the amount of each transfer
If you’re looking for a card to help with a balance transfer, this is not the best available. It doesn’t offer an introductory 0% APR on balance transfers and charges a high balance transfer fee of 5%. Instead, consider a balance transfer business credit card like the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. That card offers an introductory 0% APR period for 15 billing cycles on both purchases and balance transfers.
Discover it® Business Card Rewards
The Discover it® Business Card doesn’t offer a traditional introductory reward. Instead, Discover will match all of the rewards you earn over your first year of owning the card. With fixed-rate ongoing rewards of 1.5% cash back, this means you can earn 3% cash back for the first 12 months.
Introductory Rewards
Instead of a typical introductory offer, Discover will match all of the cash-back rewards you earned during your first year. After the first 12 consecutive months, you’ll receive your cash-back match rewards in the following one or two billing periods. No other card on our list has a similar offer.
Ongoing Rewards
You’ll earn 1.5% cash back on all spending. Additionally, you can earn 3% cash back during your first 12 months with Discover’s cash-back match offer. This makes it a strong card for self-employed workers looking to maximize rewards over the first year. If you want a card that offers better long-term value, consider the American Express Blue Business CashTM Card. That card pays 2% cash back on all purchases up to $50,000 annually.
How to Redeem Rewards
You can redeem your Discover cash-back rewards for charitable donations to select charities, as a credit to your account, as an electronic deposit into any account you designate, or for gift cards starting at $20. Discover cash-back rewards never expire. It will credit your account with your cash-back reward balance if your account is closed or has not been used in 18 months.
Discover it® Business Card Additional Features
Unlike most business credit cards, Discover does not offer common insurances, such as purchase protection. Instead, it only offers an account lock feature and a late fee waiver.
The Discover it® Business Card includes the following additional features:
- Account lock: Gives you the ability to freeze your account through the mobile app or website to prevent new purchases.
- Late fee waiver: You’ll have no late payment the first time you pay late, but $37 thereafter.
Compared to the rest of the cards on our list, Discover lacks features like purchase protection and extended warranty protection. The features it offers are unique to Discover. If you want additional card features, including insurance, consider Chase Ink Business UnlimitedSM. That card pays 1.5% cash back and offers a variety of insurance.
What Discover it® Business Card Is Missing
The Discover it® Business Card does not offer an introductory 0% APR period on balance transfers. Plus, it has a high balance transfer fee of 5%. If you need to transfer a balance, consider the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. That card has no interest for 15 billing cycles on purchases and balance transfers. Plus, it charges a balance transfer fee of 3%.
Discover it® Business Card Reviews
We considered both user reviews and our own editorial review when rating this card. Discover it® Business Card reviews agree this card is lucrative for LLCs with a lot of first-year expenses. However, other cards offer better long-term value.
User Reviews
Discover it® Business Card online reviews are mostly mixed. Although it doesn’t have an upfront introductory offer, cardholders enjoy the cash-back match they receive after their first year. Some users complain that this card’s value drops after the first year compared to other business credit cards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this card agree that this card is a good pick for self-employed workers who want to maximize their rewards over the first year. However, it quickly loses its value. Plus, it doesn’t offer any travel perks or insurances like other cards on our list.
How to Apply for Discover it® Business Card
You can apply for the Discover it® Business Card online. The application only takes a few minutes and you can get approved instantly. Once approved, the card typically takes seven to 10 business days to arrive.
Capital One® Spark® Classic for Business
- Enjoy no annual fee
- Earn 1% cash back on every purchase
- Build business credit with responsible use
- Fraud coverage if your card is ever lost or stolen
- No foreign transaction fees
- Enjoy business benefits including Year-End Summaries, employee cards at no extra cost and experienced small business customer service
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | 25.24% (Variable) | $0 | Average, Fair, Limited |
on Capital One® Spark® Classic for Business's secure website.
Capital One® Spark® Classic for Business is best for LLC owners who have fair credit (580 to 669) and want to earn rewards. This card charges no annual fee and pays 1% cash back on all spending. It’s an excellent option for those who want to build both their business and personal credit scores. It has an ongoing variable APR of 25.24%.
Capital One® Spark® Classic for Business Costs
Capital One® Spark® Classic for Business is a business credit card for fair credit that charges no annual fee. You won’t have access to an interest-free financing period, but that’s common on cards for fair credit business owners.
Financing costs and fees on Capital One® Spark® Classic for Business include:
- Introductory APR: None
- Ongoing APR: 25.24% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: None
Capital One® Spark® Classic for Business charges the highest ongoing APR on our list, but it’s average for a fair credit business credit card. This is the only LLC credit card on our list that is designed for fair credit LLC owners.
Capital One® Spark® Classic for Business Rewards
Capital One® Spark® Classic for Business does not offer any introductory rewards. However, it pays 1% cash back on all spending. These rewards are common across business credit cards for LLC owners with personal credit scores between 580 and 669.
Introductory Rewards
Capital One® Spark® Classic for Business offers no introductory rewards. Business credit cards for fair credit usually don’t offer any sign-up bonuses. We recommend using this card to build up your business and personal credit to a point where you can qualify for a more favorable card. Most often, the best small business credit cards require a personal credit score of at least 670 to qualify.
Ongoing Rewards
You’ll earn unlimited 1% cash back on all purchases. This is a strong LLC business credit card if you have fair credit but still want to earn some cash-back rewards. If you want to earn rewards and your personal credit score is below 580, consider applying for a secured business credit card. Secured cards have credit limits that are equal to your cash deposit.
How to Redeem Rewards
You can redeem your rewards as a statement credit, as a check, for a recent transaction, or for gift cards, or you can set up automatic redemption. If you choose to redeem automatically, you can set a time each calendar year to receive your rewards or when you reach a specific threshold ($25, $50, $100, $200, $500, or $1,500).
Capital One® Spark® Classic for Business Additional Features
According to Capital One’s website, this card offers Visa® Business Benefits, which include extended warranty protection and purchase protection. These perks are similar to most business credit cards.
Capital One® Spark® Classic for Business comes with the following features:
- Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by up to one year on eligible warranties of three years or less.
- Purchase protection: Covers your new purchases for 90 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
According to Capital One’s website, you’ll receive Visa® Business Benefits upon approval. Compared to Capital One® Spark® Cash for Business, these features are similar. However, it’s unlikely fair credit LLC owners can qualify for that card.
What Capital One® Spark® Classic for Business Is Missing
Capital One® Spark® Classic for Business does not have a sign-up bonus and lacks a strong ongoing reward return rate. However, LLC owners applying for this card are typically looking to build credit and not earn the best rewards. The ongoing rewards are just an additional plus.
Capital One® Spark® Classic for Business Reviews
We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Classic for Business reviews suggest this is a strong card if you’re looking to build your credit.
User Reviews
Online Capital One® Spark® Classic for Business user reviews are mostly positive. Users especially enjoy the ability to earn rewards even if they have a credit score below 670. However, some users complain about the card’s low credit limits. Capital One® Spark® Classic for Business has credit limits that start at $500.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Most reviewers agree that this is one of the best LLC business cards for fair credit. It’s easy to qualify for and charges no annual fee. If you want to receive perks similar to this card, including controlling employee spending, without a credit check, we recommend a prepaid business card.
How to Apply for Capital One® Spark® Classic for Business
You can apply for the Capital One® Spark® Classic for Business online. The application takes minutes and you can get approved instantly. Once approved, the card typically takes seven to 10 business days to arrive.
Pros & Cons of Business Credit Cards for LLC Owners
Business credit cards allow LLC owners and their employees access to affordable short-term financing that can be used for everyday expenses. Several cards offer rewards that can be put back into the LLC in the form of cash or free travel. However, some cards come with costly annual fees.
Pros of Business Credit Cards for LLC Owners
The pros of business credit cards for LLC owners are:
- Rewards for everyday spending: LLC business credit cards may offer ongoing rewards of up to 5% on purchases that you can put back into your business. Rewards can usually be redeemed as cash back or free travel, depending on the card.
- Affordable short-term financing: Business credit cards for LLC owners are an excellent way to bridge short-term working capital needs for a 30-day period. If you pay your card off monthly, you can earn rewards and free up your cash without risking interest charges.
- Funding for very small companies: With an LLC business credit card, even microbusinesses have the ability to access financing. This is because the annual revenue requirements are usually low, meaning LLCs with annual revenues less than $100,000 can use business credit cards.
Cons of Business Credit Cards for LLC Owners
The cons of business credit cards for LLC owners are:
- Costly annual fees: A card’s rewards and additional benefits are some of the most common advantages to a business credit card. This is a great way to use a card, as long as you make sure the annual fees don’t offset the rewards you earn.
- Limited access to cash: While LLC business credit cards make access to credit from vendors who accept electronic payments easy, it’s not as easy if you need to use cash. Credit card cash advances are usually expensive and limited to an amount that’s less than your credit limit.
- Potential risk of accruing interest: If you don’t make timely payments on a monthly basis, LLC business credit cards can create a cash trap. You’ll pay interest on any outstanding balances at the end of the month, which adds up quickly. To avoid interest, pay off your balance in full monthly.
Frequently Asked Questions (FAQs) About LLC Credit Cards
We covered a lot of information about the best business credit cards for LLC owners. Some questions are asked more often than others, and we address those here. If you have any additional questions, please visit the Fit Small Business forum or leave a comment below, and we will provide an answer.
The most frequently asked questions about business credit cards for LLC owners are:
How do I get a business credit card for my LLC?
To get a business credit card, you’ll need a personal credit score of at least 670. Before you apply, consider the type of rewards you want, if you need interest-free financing, and if you can afford an annual fee. Once you’ve found the right card, you can apply online and typically receive a decision instantly.
How do I qualify for a business credit card?
Most business credit cards require that you have a personal credit score of at least 670. However, it’s not required that you have an Employer Identification Number (EIN). You can apply for a business credit card with your Social Security number (SSN). Once you know your score, you can apply online and wait for the approval.
How do you build credit for a new LLC?
To build your business credit, you should first get a D-U-N-S number (for Dun & Bradstreet credit report) and provide at least three trade references who can vouch for your timely payments. Other business credit report agencies, like Equifax and Experian, build a credit report on your LLC automatically.
Bottom Line
Business credit cards for LLC owners are an excellent way to access financing and issue employee cards. Additionally, you can earn rewards that you can use to put money back in your business. The best LLC business credit cards usually require that you have a personal credit score of at least 670.
For rates and fees on the American Express Business Platinum Card®, please click here.
For rates and fees on the American Express Blue Business CashTM Card, please click here.
For rates and fees on the American Express Blue Business® Plus, please click here.
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