Top 5 Business Credit Cards for LLC Owners
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Getting access to business credit can be a make or break for many business owners. However, even though business credit is so important, a lot of business owners have no idea which business credit cards are high-quality, or which ones are the best for their specific business needs.
In this video, tax expert Karlton Dennis breaks down five business credit cards that he likes. He discusses the major advantages of each one including what the rewards are, what the interest rates are, whether or not there are any bonuses in the first year, etc. All of these things can be consequential for business owners who need a great business credit card.
When it comes to business credit cards, not all are created equal. If you get the wrong business credit card, you could end up facing a number of different problems such as having to pay exorbitantly high interest rates, failing to get any good rewards, and not having access to enough credit. Watch this video to learn which credit cards Karlton thinks are the best.
CHAPTERS:
0:00 Intro
0:53 Ink Business Unlimited Card by Chase
2:13 Ink Business Cash Credit Card by Chase
3:32 Capital One Spark Miles for Business
4:55 American Express Blue Business Cash Card
5:52 American Express Business Gold Card
6:41 Recap
7:27 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#businesscredit #businesstax #karltondennis
Typically, what are the maximums on these cards?
For the Chase cards can I close them & open them up again a year later & get that 0% APR again?
Is American Express EIN only pr PG?
If you can really harness the idea of treating your credit as "cash" as much as you can , the net benefits can really stack up!
if i was under %30 personal %50 business before i apply for more business cc’s would it b more advantagous to pay off some more personal cc debt or biz?
Karlton can you make a video on How to Increase your Chances to get a higher credit Limit with a New LLC?
I need some Credit Card tips for Canadians broski
Great recap! Do you know of a payroll service where you can pay via credit card??
Chase Biz cc are the best . Even they raise your credit limit automatically 🎉
Can I apply for these cards immediately or is it best to start with net 30 cards?
10683 Denesik Underpass
I got the Blue amex card back in November, built my business credit, got eligible for loans.
Hi Karlton, thanks so much for this video. I am in Toronto, Ontario. I just opened a Master Business License. Sole Proprietorship today. My question is that I will be working as a High Ticket Closer and doing some trading in US stocks too, so everything I get paid will be in US dollars to transfer to Canadian dollars. What is the best business bank account I should get? Another question before I register my business name. I already spent on Online Trainings to become a High Ticket Closer, learn how to invest as a trader, and other habilities with mentors. Can I transfer my personal credit card debt to the new business credit card to have separate my spences and then get those cash benefits from the business card? thank you for your videos.
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Capital one spark is garbage and they report to your personal credit too.
The cap one spark card reports to your personal credit and adds the balance to your personal credit utilization… found this out personally with my own video production company when starting to build my company’s business credit.
I have the blue cash card with amex. I didnt receive a 0% apr for 12 months offer. I wonder how you received that info?
I think the credit score ideas of dumbest thing ever heard in my life they need to shut that program down the damn numbers don’t tell the damn truth if somebody wants a loan and says he’s going to pay it back that’s all that matters The numbers don’t matter you just using the crap the chicken s*** out of it stop with the damn credit scores Hope the company closes down we don’t need it it’s a waste of money stop paying the damn people to look in my business
Chase closed all my accounts for no reason given. Google it. Lots of people on Reddit. Long time customer. Never again.
BE VERY CARFUL WITH CAP1 IT SHOWS UP ON YOUR PERSONAL CREDIT REPORT!!!!!
Are these cards PG or just business? I filed bankruptcy like 15 years ago on my personal side and American Express won’t give me another card now but Chase gave me another chance. Grateful for this. 😇
I just wanted to say, man, your videos helped me out a lot. You actually provide information and aren’t just trying to get clicks. Thanks!
We have 2 cards. 1 personal 1 business. The Capital One Spark 2% Cash Back Card. It’s a Net 30 card. Meaning you pay it off every month or you are paying a 2.5% penalty. I have a business with annual sales of 1.5m. And I’m currently running about 900k through this card a year. That’s 18K back. And no it’s not taxable. Because cash back is a “rebate”. Meaning you had to spend something to get something.
The other card I have is Chase Reserve. The travel redemption is the best. 100,000 points if redeemed for cash gets you $1000 but If you book travel through the Chase Travel portal it’s worth $1500.00. We normally accumulate 300,000 points a year so it’s worth $4500 in travel.
So we get around 22K for travel.
I have the blue cash card with amex. I didnt receive a 0% apr for 12 months offer. I wonder how you received that info?
What is the minimum payment each month for the American Express card and Capital One business credit cards?