The 6 Best Business Credit Cards for LLC in 2023
If you're a small business owner and want to find the best credit card for your LLC, then this guide is for you. We'll walk through all of the different types of business credit cards available to help you make an informed decision about which one will work best for your situation.
Business credit cards for LLC
Business credit cards for LLC are a good way to build credit. They can be used for personal expenses, and they have higher limits than most personal credit cards. If you're planning on opening a business, then this is the type of card that will help you get there.
Businesses usually apply for these types of cards to receive the best possible interest rates while also having access to more spending power than they would if they were using their own personal information on the application process. This makes sense since businesses tend to make bigger purchases than individuals do (for example: buying equipment or paying bills), so having access to more money would definitely help with those types of activities!
Unsecured vs. secured business credit cards
Secured business credit cards are more flexible and less expensive than unsecured ones. They require a deposit, but you don't have to worry about paying it back in full each month. If you're looking for a good balance transfer offer or want to get your business started with some cash, these are the best options for you!
Unsecured business credit cards don't require any type of security deposit—they're just like regular no-interest personal credit cards with slightly better perks (such as extended warranties). However, since there's no collateral behind these loans like there is with secured loans, they tend to have higher interest rates than their secured counterparts do (though they'll likely still be lower than those on most unsecured branded bank products).
LLC's and good credit
You may have heard of LLC's, but what do they mean to your business? An LLC is a limited liability company (LLC) that provides its owners with limited liability for their debts and assets. If you own an LLC, you must be an active member in order to maintain responsibility for the debts incurred by your business.
As an active member of an LLC with a bad credit history or no credit history at all, you won't qualify for most business credit cards—even if you run a small business! However, if you want one of these cards anyway and have great payment history already established elsewhere on your financial profile (like car loans), then this may still be worth considering because it will improve how much money lenders see when looking at other accounts like mortgages or student loans:
The 6 best business credit cards for LLCs in 2021 (unsecured)
So, you've decided to start a new business and you want a credit card. But what kind of credit card should you get? Many factors go into choosing the best business credit cards for LLC in 2021, including:
- Your current financial situation
- Your current bank account balance
- Your spending habits and how much money is available in your checking account at any given time (and how much is being spent)
- Capital One Spark Miles Select Business Credit Card
The Capital One Spark Miles Select Business Credit Card is a great option for small business owners. It has no annual fee and no foreign transaction fees, as well as 3% cash back on all purchases. The card also offers 1.5% cash back on all purchases made through your business website, 2% cash back at office supply stores and wireless telephone services, and 3% cash back at gas stations (up to $1,500 per quarter).
The main drawback of this card is its $95 annual fee (waived in the first year). However, if you're looking for an easy way to earn miles without having to spend any money at all on it then this may be worth considering!
Ink Business Preferred Credit Card
The Ink Business Preferred Credit Card from Chase is a great option for those looking to earn cash back on office supply stores and wireless telephone services. This card also offers 3% cash back at gas stations, hotels and restaurants (up to $7000 in combined purchases each quarter). You can earn 1% cash back on everything else.
The annual fee is waived for the first year, so you won't need to worry about paying any money upfront. In addition, new customers will receive 6,000 bonus points after they spend $5000 in purchases within their first 3 months of opening an account with Chase! If you want more information about this card or if it sounds like something that might work well for your business needs then check out our full review here: https://www.creditcards101onlineblog/.
Capital One Spark Classic for Business
The Capital One Spark Classic for Business is a great option if you're looking for a no-fee card that can help your business save money on gas and office supply stores.
The card offers 3% cash back on the first $50,000 spent at gas stations and office supply stores—including Staples, Office Depot, Dollar General and more—then 1%. After that point, it switches to 2%. For example: If you have a transaction of $100 at an Exxon station this month (1%), then you'll get a total of $1 in rewards (2%). That means the card makes up for its annual fee by getting you double any rewards earned from spending with this particular store type!
Chase Ink Business Cash Credit Card
The Chase Ink Business Cash Credit Card is an unsecured credit card that offers 5% cash back on office supply stores, internet, cable and phone services, and gas stations. You also receive 2% cash back on travel purchases and dining out (1% for all other purchases).
This card comes with no annual fee or foreign transaction fees. If you want to earn more points than what's offered here though — like if your business makes big purchases in those categories — there are two other cards that offer more generous rewards: The Ink Preferred® Cashmere Card by American Express gives 6X points at office supply stores; while the Chase Sapphire Reserve® Mastercard® offers 3X points at restaurants worldwide.
US Bank Business Leverage Visa Signature Card
The US Bank Business Leverage Visa Signature Card is a no-fee card that offers 2% cash back on all purchases. You'll also receive a welcome bonus of $250 after spending $500 in the first 3 months, bringing your total rewards to 3%.
The US Bank Business Leverage Visa Signature Card offers an attractive combination of features, including:
- No annual fee or foreign transaction fees
- 3% cash back on office supply stores and on cellular phone, landline and internet service purchases (1%), 2% cash back on gas/fuel purchases (1%), 1% cash back on all other purchases
- American Express SimplyCash Plus Business Credit Card
- The American Express SimplyCash Plus Business Credit Card has no annual fee, which is one of the best features of this card. You can also earn rewards points that can be redeemed for cash back, gift cards and merchandise.
- The 2% cash back on all purchases is also a great perk as it allows you to earn more than just plain old interest rates with your business credit card.
You'll receive your cash back in two ways: monthly direct deposits into your bank account or via check mailed directly to you. This means that even if you don't have an additional checking account at home (or even if your bank doesn't let them), this card will still give users access to their earnings without having another account opened up!
These are the 6 top business credit cards for LLC in 2021.
If you're a small business owner, or looking to become one, then these are the 6 top business credit cards for LLC in 2021.
Capital One Spark Miles Select Business Credit Card: $50 annual fee waived with $2,500 in spend within the first 90 days of opening your account. This card has no annual fee and provides 2X miles on select purchases.
Ink Business Preferred Credit Card: No annual fee and offers 5% cash back on office supply purchases made at Staples stores (up to $1 million). It also gives you 1% cash back when shopping at specific retailers including Amazon, Home Depot and Lowe's (up to $25K/year). You can use this card as an employee discount if your company uses its own rewards program instead of having it tied directly into theirs; otherwise it works just like any other standard credit card would work too!
Conclusion
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