Business credit card for rehabbers?

[Ben Hollingsworth]

Hey all,

We're just getting started in the flipping and BRRRR world. We have an LLC with its own checking account to use when paying for stuff. We'd like to get a credit card that's specific to this business. Are there any cards that have perks which are particularly well suited to rehabbing investment properties? We don't plan to travel as a business expense, so we really don't need airline miles. Would a cash back card be best?

[Kyle J.]

@Ben Hollingsworth I like the Chase Ink Business cards. There's a couple good ones (Business Unlimited with 1.5% cash back on everything, or Business Cash with 1% cash back on everything + 5% back on select categories). Both have no annual fee, allow you to put in job names/numbers when making purchases, give you the option to get extra cards with different card numbers for authorized users/employees (so you can track who made which purchases), and they don't report the balances on your personal credit report (so it won't count against your DTI ratio for future lending purposes). The cash back you accumulate for your purchases is a nice bonus too. :)