Best Business Credit Cards for LLC

The Best Business Credit Cards for LLC By The End Of 2023

Business 9th November, 2023 4 Mins Read

If you are an entrepreneur who is in need of short-term financing to grow your LLC business, then there are many business credit card options. The best business cards you choose will be able to reward your spending with reward points, travel perks, cash back, and many more. Apart from that, a business credit card can also help a new LLC to establish and build business credit, finance early purchases, and develop cash flow at the same time. Hence, to learn more about the best LLC business credit cards, read on through to the end of the article.

In this article, you will learn about the best business credit cards for LLCs. Apart from the general details about each of these cards, we will also share with you what makes each of these cards unique. We will also share with you how each of these cards can help you in simplifying your expenses.

What Are The Best Business Credit Cards For LLC At The End Of 2023?

According to the Forbes Advisor,

Business credit cards for LLCs have the potential to simplify your expense tracking while separating your business purchases from your personal charges. They can also give you larger credit lines to cover all of your operating costs and may even provide extra perks like rewards and consumer protections. No two businesses are the same, and not every business credit card is created equal.

Hence, it is important for you to consider your specific business needs before you choose the card of your choice. The following are the best business credit cards for LLC (as of the end of 2023):

1. The American Express Blue Business Cash Card

The American Express Blue Business Cash Card

One of the best things about this business credit card is that there are no annual fees. Furthermore, if you limit your spending to $50,000, this card will pay off really well for you. However, if you use the card in foreign transactions, there will be higher costs, which will cancel out the cashback. You will also get extra benefits like purchase protection and insurance.

Annual FeeNone
Regular APR18.49% – 26.49% (variable)
Credit Score requiredExcellent/Good (700 – 749)
Welcome BonusEarn $250

2. The Blue Business Plus Credit Card From American Express

The Blue Business Plus Credit Card From American Express

Here as well, there are no annual fees, and there are various options to earn rewards. On purchases of up to $50,000. you will earn all rewards 2x times. Hence, this business credit card is the best option for small-sized LLCs. 

The best thing about this card is that you will be able to access multiple airline transfer partners. However, there are high transaction fees for foreign transactions.

Annual FeeNone
Regular APR18.49% – 26.49% (variable)
Credit Score requiredExcellent/Good (700 – 749)
Welcome BonusEarn 15,000 points

3. American Express Business Gold Card

American Express Business Gold Card

If your LLC business has high spending, this is the one you must choose. The annual fee is $295, which is justified, provided your business spends in high amounts. The card also lets you earn massive rewards, even 4x points on eligible purchases. 

The redemption options and transfer options are also flexible enough. Furthermore, there are various travel benefits as well.

Annual Fee$295 ($375 if application is received on or after 2/1/24)
Regular APR19.49% – 27.49% (variable)
Credit Score requiredExcellent/Good (700 – 749)
Welcome BonusEarn 70,000 points

4. The Business Platinum Card From American Express

The Business Platinum Card From American Express

According to the Forbes Advisor,

The Business Platinum Card® from American Express is the quintessential status card for high-spending, frequent-flying business owners and their employees. If sufficiently leveraged, the card’s robust benefits are well worth the high annual fee.

Apart from an excellent welcome bonus, you will also avail of many potential statement credits. Additionally, it offers lounge access in airports.

Annual Fee$695
Regular APR19.49% – 27.49% (variable)
Credit Score requiredGood, Excellent (700 – 749)
Welcome BonusEarn 120,000 points

5. Ink Business Cash Credit Card

Ink Business Cash Credit Card

If you have high spending from your business, this business credit card will offer you various cash rewards. Furthermore, they also offer you an added bonus of 0% introductory APR on purchases in your first twelve months of using the card.

Apart from that, in the case of employee cards, there are no additional fees. In select bonus categories, there is a high reward rate.  In this case, as well, you will avail of a generous welcome bonus.

Annual FeeNone
Regular APR18.49% – 24.49% (variable)
Credit Score requiredExcellent, Good (700 – 749)
Welcome BonusEarn $900 bonus cash back

According to Nerdwallet.com,

Apply for an LLC credit card using your employer identification number, or EIN, to keep a clear separation between personal and business spending — which is essential for maintaining LLC protections. But be aware that almost all cards will require your Social Security number, too, since approval is based on your personal credit.

Make sure you have all your essential documents ready before you apply for the business card for your LLC. Based on your personal credit history, the financial institution will approve your credit card. They will rarely look at your business experience and business revenue. However, if your business is newly formed, you will not get a “business card with no personal guarantee.

Final Thoughts

Hope this article was helpful for you in getting a better idea of what are the best business credit cards for LLC as of the end of 2023. Once you have chosen your card, you will be able to simplify your expense tracking. Furthermore, you can also separate your business purchases from your personal charges. These cards also offer you a larger credit line to cover operating costs.

However, before you choose the best business credit cards for your LLC, make sure you read all the information-related documents carefully. This way, you can be sure of what the financial institution is going to offer with the help of the card. Do you have any more information to add in this regard? Share them with us in the comments section below.

Need More Business Article?? Click Below!!

tags

business credit cards for llc business credit cards for llc startup credit cards for llc owners llc business credit card reviews llc business credit cards

A passionate writer and an avid reader, Soumava is academically inclined and loves writing on topics requiring deep research. Having years of content writing experience, Soumava also loves creating blogs in other domains, including digital marketing, business, technology, travel, and sports.

Leave a Reply

Your email address will not be published. Required fields are marked *

may you also read

Everything You Need To Know About Databricks (Detailed Overview)
Why Window Shutters Are Best in AZ