Best Credit CardsNew LLC
Selected from 1,500+ credit cards for September 2024
Updated Sep 9, 2024Fact checked
By:John Kiernan, Credit Card Editor
|Sep 9, 2024
Reviewed by:Alina Comoreanu, Senior Researcher
Fact checked
The best business credit cards for a new LLC require a credit score of 700 or higher for approval, and it’s your personal creditworthiness that counts the most. Good options are available to applicants of all credit levels, though. To qualify for a business credit card on behalf of an LLC, an applicant also needs to be an officer or authorized representative of the LLC. However, the length of time the LLC has been in business does not have much of an impact on the LLC’s credit card options.... show more
WalletHub tracks 1,500+ credit cards (other sites only consider a much smaller number of cards, so they naturally miss a lot of great cards)
WalletHub picks the best credit cards overall (other sites pick the best cards from their advertising partners)
WalletHub uses a sophisticated card rating system to objectively find the best cards (other sites’ picks are influenced by their own biases)
WalletHub has 100% editorial independence (other sites just provide a billboard for advertisers)
WalletHub does not have a conflict of interest (other sites are biased due to promoting their own lending and banking offers)
WalletHub has 15+ years of credit card experience (other sites simply don’t have the same expertise)
WalletHub's best credit card picks and ratings are completely independent and not provided, commissioned, or endorsed by any issuer. In addition, our editors follow a strict editorial policy. Some offers may come from WalletHub's advertising partners. WalletHub independently collected information for some of the cards on this page.
Winner
Best Business Credit Card for a New LLC If You’re New to Credit
4.5WalletHub Rating
WalletHub Rating
4.5
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Improve Credit by Paying in Full Each Month"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.5
User Reviews
3.4
Market Comparison
4.8
fees: 5.0
rewards: 5.0
cost: 4.8
Other Features: 4.5
Regular APR
29.99% (V)
Annual Fee
$0
Rewards Rate
1 - 5% Cash Back
Accepted Credit
Fair, Limited History
Regular APR
29.99% (V)
Annual Fee
$0
Rewards Rate
1 - 5% Cash Back
Accepted Credit
Fair, Limited History
Editors’ Thoughts
The best business credit card for a new LLC is the Capital One Spark Classic for Business because it offers solid rewards, has a $0 annual fee, and accepts applicants with limited credit or better. Cardholders earn 1% cash back on all purchases.
The fact that you’re representing a new LLC does not mean you have to settle for a card intended for applicants who are new to credit. But if neither you nor your business has any credit history, you can’t go wrong with Capital One Spark Classic.
Pros, Cons & More Details
Pros, Cons & Details
Initial Bonuses
Best Business Credit Card Bonus for a New LLC
4.2WalletHub Rating
WalletHub Rating
4.2
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
5.0
User Reviews
3.7
Market Comparison
4.1
fees: 2.9
rewards: 4.7
cost: 4.3
Other Features: 0.0
Regular APR
21.24% - 26.24% (V)
Annual Fee
$95
Rewards Rate
1 - 3 points / $1
Bonus Offer
90,000 points
Accepted Credit
Excellent, Good
Regular APR
21.24% - 26.24% (V)
Annual Fee
$95
Rewards Rate
1 - 3 points / $1
Bonus Offer
90,000 points
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The best business credit card for a new LLC in the market for a big initial rewards bonus is the Ink Business Preferred® Credit Card because it offers 90,000 points for spending $8,000 in the first 3 months. Cardholders also earn ongoing rewards of 1 - 3 points per $1, and the card’s annual fee is very reasonable, at $95.
This card is best for LLC representatives with good credit or better personally.
Pros, Cons & More Details
Pros, Cons & Details
Best Credit Card for a New LLC With No Personal Guarantee
2.9WalletHub Rating
WalletHub Rating
2.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.0
User Reviews
3.2
Market Comparison
2.6
fees: 5.0
rewards: 2.0
cost: 2.5
Other Features: 0.0
Regular APR
Not Applicable
Annual Fee
$0
Rewards Rate
1 - 7 points / $1
Bonus Offer
50,000 points
Accepted Credit
Excellent, Good, Fair, Limited History
Regular APR
Not Applicable
Annual Fee
$0
Rewards Rate
1 - 7 points / $1
Bonus Offer
50,000 points
Accepted Credit
Excellent, Good, Fair, Limited History
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The Brex Corporate Card for Startups is the best business credit card for a new LLC that does not require a personal guarantee. Rather, applicants need at least $100,000 in a bank account as collateral. The card has a $0 annual fee and ongoing rewards of 1 - 7 points per $1. New cardholders can also earn an initial bonus of 30,000 points for spending $3,500 or 50,000 points for spending $9,000 in 30 days.
This card is available to LLCs with limited credit or better.
Pros, Cons & More Details
Pros, Cons & Details
Cash Back
Best Business Credit Card for a New LLC If You’re New to Credit
4.5WalletHub Rating
WalletHub Rating
4.5
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Improve Credit by Paying in Full Each Month"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.5
User Reviews
3.4
Market Comparison
4.8
fees: 5.0
rewards: 5.0
cost: 4.8
Other Features: 4.5
Regular APR
29.99% (V)
Annual Fee
$0
Rewards Rate
1 - 5% Cash Back
Accepted Credit
Fair, Limited History
Regular APR
29.99% (V)
Annual Fee
$0
Rewards Rate
1 - 5% Cash Back
Accepted Credit
Fair, Limited History
Editors’ Thoughts
The best business credit card for a new LLC is the Capital One Spark Classic for Business because it offers solid rewards, has a $0 annual fee, and accepts applicants with limited credit or better. Cardholders earn 1% cash back on all purchases.
The fact that you’re representing a new LLC does not mean you have to settle for a card intended for applicants who are new to credit. But if neither you nor your business has any credit history, you can’t go wrong with Capital One Spark Classic.
Pros, Cons & More Details
Pros, Cons & Details
Best Cash Back Business Card for a New LLC
4.3WalletHub Rating
WalletHub Rating
4.3
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.8
Market Comparison
4.2
fees: 2.9
rewards: 4.7
cost: 4.6
Other Features: 0.0
Regular APR
Not Applicable
Annual Fee
$150
Rewards Rate
2 - 5% Cash Back
Bonus Offer
$2,000
Accepted Credit
Excellent
Regular APR
Not Applicable
Annual Fee
$150
Rewards Rate
2 - 5% Cash Back
Bonus Offer
$2,000
Accepted Credit
Excellent
Editors’ Thoughts
Why It’s One of the Best Business Cards for a New LLC:The best cash back business card for a new LLC is the Capital One Spark 2% Cash Plus because it offers an initial bonus of $2,000 for spending $30,000 in the first 3 months, plus an additional $2,000 bonus for every $500,000 spent in the first year. It also rewards cardholders with 2 - 5% cash back for making purchases normally, and it has a $150 annual fee.
This card is best for LLC representatives with excellent credit personally.
Pros, Cons & More Details
Pros, Cons & Details
0% Intro APR
Best 0% APR Business Credit Card for a New LLC
4.3WalletHub Rating
WalletHub Rating
4.3
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Finance New Purchases"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.5
User Reviews
3.2
Market Comparison
4.5
fees: 4.0
rewards: 0.0
cost: 4.7
APR: 4.9
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles
Transfer Fee: 3% (min $5)
Regular APR
17.24% - 26.24% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles
Transfer Fee: 3% (min $5)
Regular APR
17.24% - 26.24% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The U.S. Bank Business Platinum Card is the best 0% APR business credit card available right now. It offers 0% for 18 billing cycles on new purchases, as well as 0% for 18 billing cycles on balance transfers. The U.S. Bank Business Platinum Card does not have rewards, but it does not charge an annual fee, either. There is a balance transfer fee of 3% (min $5).
This card is best for LLC representatives with good credit or better personally.
Pros, Cons & More Details
Pros, Cons & Details
Travel
Best Hotel Credit Card for a New LLC
3.7WalletHub Rating
WalletHub Rating
3.7
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Hotel Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.4
Market Comparison
3.6
fees: 2.9
rewards: 4.3
cost: 3.6
Other Features: 0.0
Regular APR
21.49% - 28.49% (V)
Annual Fee
$199
Rewards Rate
1 - 4 points / $1
Bonus Offer
up to 75,000 points
Accepted Credit
Excellent, Good
Regular APR
21.49% - 28.49% (V)
Annual Fee
$199
Rewards Rate
1 - 4 points / $1
Bonus Offer
up to 75,000 points
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The World of Hyatt Business Credit Card is the best hotel credit card for business, offering ongoing rewards of 1 - 4 points per $1 spent and an initial bonus of 60,000 points for spending $5,000 in the first 3 months and 15,000 more points for spending $12,000 in the first 6 months. That is a lot of value. There is a $199 annual fee, but if your LLC requires you to spend numerous nights away from home, it’s likely to be worth the investment.
Pros, Cons & More Details
Pros, Cons & Details
Best Travel Credit Card for a New LLC
3.9WalletHub Rating
WalletHub Rating
3.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Earn Travel Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.6
Market Comparison
3.8
fees: 4.2
rewards: 3.7
cost: 4.0
Other Features: 0.0
Regular APR
20.24% - 28.24% (V)
Annual Fee
$0 intro 1st yr, $95 after
Rewards Rate
1 - 5 points / $1
Bonus Offer
60,000 points
Accepted Credit
Excellent, Good
Regular APR
20.24% - 28.24% (V)
Annual Fee
$0 intro 1st yr, $95 after
Rewards Rate
1 - 5 points / $1
Bonus Offer
60,000 points
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The U.S. Bank Business Altitude™ Connect World Elite Mastercard® offers great rewards, giving cardholders 1 - 5 points per $1 and an initial bonus of 60,000 points for spending $6,000 in the first 180 days. So, if your LLC has some big travel expenses coming up, using this card could save you a lot of money.
This card is best for LLC representatives with good credit or better personally. It’s also wise to pay the bill in full monthly. The APR could be pretty high.
Pros, Cons & More Details
Pros, Cons & Details
Best Airline Credit Card for a New LLC
4.3WalletHub Rating
WalletHub Rating
4.3
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Earn Airline Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Market Comparison
4.3
fees: 2.9
rewards: 4.5
cost: 5.0
Other Features: 0.0
Regular APR
21.24% - 29.99% (V)
Annual Fee
$99
Rewards Rate
1 - 6 points / $1
Bonus Offer
50,000 points
Accepted Credit
Excellent, Good
Regular APR
21.24% - 29.99% (V)
Annual Fee
$99
Rewards Rate
1 - 6 points / $1
Bonus Offer
50,000 points
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The JetBlue Business Credit Card is the best business credit card for airline miles, which could come in handy if your new LLC requires you to fly frequently. This card offers an initial bonus of 50,000 bonus points after spending $4,000 in the first 90 days. It also gives 6 points per $1 spent on JetBlue purchases, 2 points at restaurants and office supply stores, and 1 point on all other purchases. Plus, you get perks such as free checked bags and 50% savings on in-flight refreshments.
The card’s $99 annual fee is easily worth paying if you can take advantage of those attractive features.
Pros, Cons & More Details
Pros, Cons & Details
No Personal Guarantee
Best Credit Card for a New LLC With No Personal Guarantee
2.9WalletHub Rating
WalletHub Rating
2.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Business - Earn Rewards"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.0
User Reviews
3.2
Market Comparison
2.6
fees: 5.0
rewards: 2.0
cost: 2.5
Other Features: 0.0
Regular APR
Not Applicable
Annual Fee
$0
Rewards Rate
1 - 7 points / $1
Bonus Offer
50,000 points
Accepted Credit
Excellent, Good, Fair, Limited History
Regular APR
Not Applicable
Annual Fee
$0
Rewards Rate
1 - 7 points / $1
Bonus Offer
50,000 points
Accepted Credit
Excellent, Good, Fair, Limited History
Editors’ Thoughts
Why It’s One of the Best Business Credit Cards for a New LLC: The Brex Corporate Card for Startups is the best business credit card for a new LLC that does not require a personal guarantee. Rather, applicants need at least $100,000 in a bank account as collateral. The card has a $0 annual fee and ongoing rewards of 1 - 7 points per $1. New cardholders can also earn an initial bonus of 30,000 points for spending $3,500 or 50,000 points for spending $9,000 in 30 days.
This card is available to LLCs with limited credit or better.
Pros, Cons & More Details
Pros, Cons & Details
Were the editor’s picks helpful?
WalletHub's Research
38
Research Hours
64
Companies Reviewed
150
Cards Reviewed
- Best LLC Credit Cards (2024)
- Methodology
- Sources
- About the author
- User questions & answers
Best LLC Credit Cards (2024)
| Credit Card | Best For | Annual Fee | Ongoing Rewards |
| Ink Business Preferred® Credit Card | Initial Bonus | $95 | Good |
| Brex Corporate Card for Startups | No Personal Guarantee | $0 | Limited History |
| U.S. Bank Business Altitude™ Connect World Elite Mastercard® | Travel Rewards | $0 intro 1st yr, $95 after | Good |
| Capital One Spark Classic for Business* | Building Credit | $0 | Limited History |
| Capital One Spark 2% Cash Plus* | Cash Back | $150 | Excellent |
| U.S. Bank Business Platinum Card | 0% APR | $0 | Good |
Methodology for Selecting the Best Business Credit Cards for a New LLC
To identify the best business credit cards for a new LLC, WalletHub’s editors regularly compare more than 1,500 credit card offers based on expected costs/savings for representatives of new corporate entities of all types and other WalletHub Rating components. Because new LLCs have differing areas of focus, we try to select a mix of cards. This includes rewards cards for LLC representatives with good credit or better, 0% APR offers, and cards for applicants who are brand new to credit. Still, the cards we select all have a low two-year cost.
How Two-Year Cost Is Calculated
Two-year cost is used to approximate the monetary value of cards for better comparison and is calculated by combining annual and monthly membership fees over two years, adding any one-time fees or other fees (like balance transfer fees), adding any interest costs, and subtracting rewards. Negative amounts indicate savings. When fees or other terms are presented as a range, we use the midpoint for scoring purposes.
Rewards bonuses and credits have been taken into account for two-year cost calculations. However, bonuses applicable to only a very small portion of cardholders are not considered. For example, credits and bonuses awarded for spending or redeeming rewards through a company portal with non-co-branded cards have not been taken into account. Similarly, bonuses and credits related to spending with specific merchants using a non-co-branded card have not been taken into account (for example, if Card A offers credits with DoorDash, this feature would not be factored into calculations because it is hard to assess how many cardholders would use the benefit or exactly how much value they'd get from it).
Cardholder Spending Profiles
Given that different users have different goals and are likely to use their credit cards differently, we identified spending profiles that are representative of different users’ financial priorities and behaviors. For each cardholder type, we have assumed a specific amount of monthly spending by purchase type (e.g., groceries, gas, etc.), as well as an average balance, balance transfer amount, amount spent on large purchases and average monthly payment. Spending assumptions are based on PEX data.
Sources
WalletHub actively maintains a database of 1,500+ credit card offers, from which we select the best business credit cards for LLC for different applicants as well as derive market-wide takeaways and trends. The underlying data is compiled from credit card company websites or provided directly by the credit card issuers. We also leverage data from the Bureau of Labor Statistics to develop cardholder profiles, used to estimate cards’ potential savings.
About the Author
John S Kiernan
John Kiernan has covered the credit card industry for more than 15 years as a writer and editor for WalletHub. His work has been featured by major media outlets such as The Washington Post, Fox News and The New York Times and has been cited by industry regulators such as the Consumer Financial Protection Bureau.
Best Business Credit Cards for a New LLC FAQ
Finding the best credit card can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered. WalletHub independently collected information for some of the cards on this page.
Upvotes
Should I get a business credit card for my LLC?
Reply
John Miller, Credit Cards Moderator
@john_miller
You should get a business credit card for your LLC because it can help you build business credit, earn valuable rewards, and separate your business and personal expenses. Getting a business credit card for your LLC can also help with financing, by getting you a 0% introductory interest rate.
Some Notable Business Cards For an LLC
Airline Perks:JetBlue Business Credit Card
Learn MoreLearn More- 0% Intro APR:
U.S. Bank Business Platinum Card
Learn MoreLearn More - For Startups:
Capital One Spark Classic for Business
Learn MoreLearn More
- Airline Perks:
- 0% Intro APR:
- For Startups:
If your LLC is relatively new, then it might be best to focus on growing and expanding your business before you consider applying for a business credit card. While the prospect of owning a business card might be tempting, please remember that you are personally liable for paying back the debt. If your business fails, it's better not to add credit card debt to the losses.
For more options, check out WalletHub's picks for the best business credit cards and the best credit cards overall.
23
Upvotes
How do I get a business credit card for my LLC?
Reply
23
Cameron DiGiovanni, Writer
@cdigiovanni20
To get a business credit card for your LLC, start by comparing offers to determine which business credit card is likely to save your LLC the most money (based on rewards, fees, interest rates and other features). Then, apply for the card online, wait for a decision and, if you're approved, wait for your card in the mail.
How to Get a Business Credit Card for Your LLC in 4 Steps
Check your credit score
Your personal...
7
1
Upvotes
What are the best business credit cards can I get for my new LLC?
Reply
Maria Adams, Credit Cards Moderator
@m_adams
One of the best business credit cards you can get for your new LLC is Capital One Spark Classic for Business*, which offers 1 - 5% cash back on all purchases. The Capital One Spark Classic* card also has a $0 annual fee, and it accepts applicants with limited credit.
In general, the best credit cards you can get for a new LLC are business cards with low fees, good rewards, and business-specific perks like expense tracking tools. But remember that the cards you qualify for will...
19
Upvotes
What credit card can I get for a new LLC?
Reply
19
WalletHub
@WalletHub
A good credit card to consider for a new LLC is the Capital One Spark Classic for Business*, as it offers a range of business benefits such as year-end summaries, employee cards at no extra cost and experienced small business customer service. This card is even available to LLC representatives with limited credit.
You can learn more about these benefits from WalletHub's most recentBusiness Credit Card Studyas well ascheck your credit score for free on WalletHub.
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6
Upvotes
What is the best business credit card for contractors?
Reply
6
Katherine Olson
@kathe_olson
The best business credit card for contractors is the Wells Fargo Signify Business Cash℠ Card because it has a $0 annual fee, gives 2% cash rewards on all purchases, and offers an intro APR of 0% for 12 months. This card also offers an initial bonus of $500 cash rewards after spending $5,000 in the first 3 months.
Just bear in mind that the Wells Fargo Signify Business Cash℠ Card has a regular APR of 18.49% - 26.49% (V) and it requires excellent credit for approval.
Best Business Credit Cards for Contractors
Initial Bonus: $500 cash rewards after spending $5,000 in the first 3 months
Ongoing Rewards: 2% cash rewards
Regular APR: 18.49% - 26.49% (V)
Annual Fee: $0
Minimum Credit Required: Excellent
Initial Bonus: $750 cash back for spending $6,000 in the first 180 days
Ongoing Rewards: 5% cash back on prepaid hotels and car rentals booked in the Rewards Center, 3% cash back at restaurants, 3% back on single gas purchases of $200 or less, 3% cash back on cell phone/service provider and office supply purchases, as well as 1% back on all other purchases
Regular APR: 19.24% - 28.24% (V)
Annual Fee: $0
Minimum Credit Required: Good
Initial Bonus: $350 for spending $3,000 in the first 3 months plus an additional $400 after spending $6,000 in the first 6 months
Ongoing Rewards: 5% cash back on the first $25,000 spent per year in combined purchases at office supply stores and on internet, cable and phone services; 2% cash back on the first $25,000 spent per year at gas stations and restaurants combined; and 1% back on all other purchases
Regular APR: 18.49% - 24.49% (V)
Annual Fee: $0
Minimum Credit Required: Good
Initial Bonus: $900 for spending $6,000 in the first 3 months
Ongoing Rewards: 1.5% cash back on all purchases
Regular APR: 18.49% - 24.49% (V)
Annual Fee: $0
Minimum Credit Required: Good
Initial Bonus: $2,000 for spending $30,000 in the first 3 months, plus an additional $2,000 bonus for every $500,000 spent in the first year
Ongoing Rewards: 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 2% cash back on all other purchases
Regular APR: Not Applicable
Annual Fee: $150
Minimum Credit Required: Excellent
Initial Bonus: $1,000 for spending $10,000 in the first 3 months
Ongoing Rewards: 5% cash back on travel through Chase, 2.5% back on every purchase totaling at least $5,000, as well as 2% back on all other purchases
Regular APR: Flex for Business APR: 19.49% - 27.49% (V)
Annual Fee: $195
Minimum Credit Required: Good
These cards all offer great rewards,...
3
2
Upvotes
Can you get a credit card for an LLC?
Reply
2
Chip Lupo, Credit Card Writer
@CLoop
Yes, you can get a credit card for an LLC. You need to be an owner, officer or authorized representative of the LLC, and you'll need to provide details such as the business name, address, phone number, annual income, number of employees, years in business, and Employer Identification Number when you apply.
Tips for Getting a Credit Card for an LLC
Work on your personal credit to improve your approval odds.
You must provide your Social...
1
18
Upvotes
Is it hard to get a credit card for a new LLC?
Reply
18
Chip Lupo, Credit Card Writer
@CLoop
It's not hard to get a credit card for a new LLC. Issuers will mostly rely only on your personal credit history and personal income when evaluating your small business credit card application, so the length of time the LLC has been in business will have little effect on the LLC's approval odds. There are business credit card options for all credit levels, but the best business credit cards require a personal credit score of 700 or higher...
6
Upvotes
Is it illegal to use a business credit card for personal use?
Reply
6
WalletHub
@WalletHub
No, it is not illegal to use a business credit card for personal use. However, there are reasons you may not want to. After all, business credit cards are designed with business owners in mind, so the cards' rewards and benefits are geared more toward business needs than consumer needs. Using a business credit card for personal expenses can also make things a little harder when it's time to file your taxes. You cannot deduct...
2
2
Upvotes
Can I get a business credit card with a brand new LLC?
Reply
2
Chip Lupo, Credit Card Writer
@CLoop
Yes, a brand-new LLC can get a business credit card. Credit card issuers will consider your personal credit history and finances when you apply for a small business card, so the length of time your LLC has been in business will have little bearing on whether the application is approved.
Keep in mind that to apply for a business credit card for an LLC, you must be an owner or authorized representative of the...
Upvotes
Upvotes
Is it easier to get business credit with an LLC?
Reply
Adam McCann, Financial Writer
@adam_mcan
It can be easier to get business credit with an LLC compared to other types of businesses like a sole proprietorship. Many LLCs, including all multi-member LLCs, are required to have an Employer Identification Number (EIN) for tax purposes, and an EIN is needed to establish a business credit report, according to Experian. A non-LLC business can still get an EIN, but already having it can make the process easier for LLCs.
Establishing Business...
Upvotes
Upvotes
