LLC Credit Card, Can I Use Rewards Points for Personal Use?

Question

Hi all -

I'm about to obtain a credit card for my REI LLC.  My question is how can the reward points be used, and what is legal?  I do not want to intermix my personal identity with my LLC for protection purposes.  I would assume that using the points for personal travel would be a conflict of interest (and illegal?), and could make me personally vulnerable by intertwining my finances with the LLC's.  If the points aren't to be used for travel, what do you all use the rewards points for?  Thanks everyone!

-Steven Thoma

Aaron K. · Answer

@Steven Thoma I really like the citi double cash, as it gives 2% back on everything if you pay your bill every month, I am not sure if they offer it as a business card but I would think so.  I have also seen ads for a Capital One card that I know is for businesses that offers 1.5% back

Aaron K. · Answer

Don't do it or you could pierce the corporate veil, get a simple cash back card, then you don't have to worry about spending points on travel.  Piercing the corporate veil could be argued in court and could negate the liability protection that you pay for with an LLC

Steven Thoma · Answer

@Aaron Klatt Thanks so much for your help!

Steven Thoma · Answer

@Aaron Klatt Thanks for the response.  That is exactly what I was worried about.  A cash back card would be a good option, then.  I just find that the rewards are typically lackluster compared to some of the other options, but the protection of my assets through the LLC is the first and foremost consideration.

Are there any credit cards you'd recommend?