10 Best Business Credit Cards for the Self-employed in 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
Editor’s note: This is a recurring post with regularly updated card details.
Whether you’re self-employed as a freelancer, an independent contractor, or a small business owner, keeping your personal and business expenses separate is crucial for your success. The best way to do this is to get a business credit card. The best business credit cards for self-employed individuals offer attractive rewards and come with low interest rates and fees.
Here are the 10 best business credit cards for the self-employed:
- American Express Blue Business CashTM Card: Best overall for self-employed business owners
- U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard: Best for 0% introductory annual percentage rate (APR)
- American Express Blue Business® Plus: Best for points-based rewards
- Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for frequent travelers
- Chase Ink Business Cash®: Best for home offices
- Discover it® Cash Back: Best for double cash rewards for the first year
- Amazon Business Prime American Express Card: Best for recurring Amazon purchases
- Capital One® Spark® Cash Select Good Credit: Best for those with good credit
- Wells Fargo Business Platinum Credit Card: Best for flexible rewards options
- Bank of America® Business Advantage Unlimited Cash Rewards Secured: Best for self-employed with bad or limited credit
To see how the cards below stack up against others we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
American Express Blue Business CashTM Card: Best Overall for Self-employed
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Why we like it: The American Express Blue Business CashTM Card is our choice for the best overall business credit card for self-employed business owners because of its simplicity. It has no annual fee and offers fixed-rate rewards on all spending categories. You’ll receive 2% cash back on all eligible purchases up to $50,000 per calendar year, and then 1% cash back thereafter. There’s no minimum reward amount to redeem, and cash back is credited to your statement automatically.
In addition, this card features expanded buying power, allowing you to spend beyond your credit limit. The amount adjusts with your usage, payment history, credit record, and financial resources.
Other things you need to know about the American Express Blue Business CashTM Card include:
- Sign-up bonus: You’ll get a $250 statement credit after you make $3,000 in purchases on your card in your first three months.
- 0% intro APR: This card offers interest-free financing for 12 months from the date of opening an account.
- Cash advance isn’t allowed: If you need to take out a cash advance from time to time, this card may not be right for you, as it doesn’t allow cash advances.
The American Express Blue Business CashTM Card is named one of the best small business credit cards because of its simple cash back rewards program.
U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard: Best for 0% Introductory APR
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
0% for first 15 billing cycles
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and electric vehicle charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned.
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 16.24% to 25.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
0% for first 15 billing cycles
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and electric vehicle charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned.
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 16.24% to 25.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Why we like it: The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard is a no-annual-fee credit card that’s best for those who need to make a large purchase or transfer a substantial balance from another credit card. It offers a 0% introductory APR for both balance transfers and purchases for 15 billing cycles. If you budget your payments over those 15 months, by the time the introductory APR ends, you’ll have paid down your balance to zero.
Here are the other things you should know about the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard:
- Sign-up bonus: If you spend $4,500 within the first 150 days of opening your account, you’ll receive $500 cash back.
- Unlimited cash back: You can earn 3% cash back on eligible purchases at gas stations, office supply stores, restaurants, and cellphone service providers, and 1% cash back on all other purchases.
- Balance transfer fee: A balance transfer fee of 3% or a minimum of $5 is charged even during the introductory period
The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard is also part of the best business credit card for balance transfer because of its long 0% APR introductory period on balance transfers and lucrative sign-up bonus.
American Express Blue Business® Plus: Best for Points-based Rewards
The Blue Business® Plus Credit Card from American Express
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- No annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Extended warranty protection: American Express will match the length of the original manufacturer’s warranty if it’s less than two years. It provides an additional two years if the original manufacturer’s warranty is between two and five years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: The issuer will repair, replace, or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- No annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Extended warranty protection: American Express will match the length of the original manufacturer’s warranty if it’s less than two years. It provides an additional two years if the original manufacturer’s warranty is between two and five years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: The issuer will repair, replace, or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.
Why we like it: While most of the cards on this list offer cash back rewards, the American Express Blue Business® Plus offers points-based rewards that can be redeemed for a variety of high-quality merchandise from American Express. This card comes with no annual fee and a low APR. The introductory bonus gives you 15,000 points after you spend at least $3,000 in the first three months.
Below are the other things you need to know about the American Express Blue Business® Plus:
- Expanded buying power: This card allows you to go over your credit limit based on your credit usage, payment history, and credit.
- 0% APR: You can enjoy zero-interest financing on purchases for 12 months.
- Cash advances aren’t allowed: This card may not be a good option if you plan to take out a cash advance.
The American Express Blue Business® Plus is also part of our list of the best credit cards for new businesses with no credit history because of its flexible points rewards, letting you use your points to purchase hundreds of technology, sports, game, fashion, home, and office products. You can also use your points to support other small businesses.
Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for Frequent Travelers
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America
Intro APR
0% for 9 billing cycles
Regular APR
14.49% to 24.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0% for 9 billing cycles
Regular APR
14.49% to 24.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Why we like it: If you often travel for business, you can earn 3x points for every $1 spent on flights, rental cars, and hotels booked through the Bank of America Travel Center when you use the Bank of America® Business Advantage Travel Rewards World Mastercard®. You’ll also earn an unlimited 1.5x points per dollar on all other purchases. Redeem your points for travel, travel credits, or cash back. This card has no annual fee, no foreign transaction fees, and low interest rates.
Here are the other important things you should know about the Bank of America® Business Advantage Travel Rewards World Mastercard®:
- Boost rewards: If you have a business checking account with Bank of America and qualify for Preferred Rewards for Business, you can earn up to 75% more points on every purchase.
- Sign-up bonus: Receive 30,000 bonus points when you spend at least $3,000 in net purchases within 90 days from opening an account. This is equivalent to a $300 credit toward travel.
- Redemption options: You can redeem your points for travel or travel credits. You can also redeem for cash back in the form of a statement credit, a deposit into your Bank of America deposit account, or a check by mail.
- 0% APR period: This card offers 0% APR on purchases for the first nine billing cycles after opening an account. Keep in mind that the introductory APR doesn’t apply to balance transfers.
The Bank of America® Business Advantage Travel Rewards World Mastercard® was named as one of the best business credit cards for travel because it comes with a low starting APR and no annual fees or foreign transaction fees.
Chase Ink Business Cash®: Best for Home Offices
Ink Business Cash® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Office-based businesses that want top cash back rewards
Intro APR
0% Intro APR on Purchases
Regular APR
15.49% - 21.49% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Intro APR
0% Intro APR on Purchases
Regular APR
15.49% - 21.49% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Why we like it: The Chase Ink Business Cash® card may be a good fit for self-employed individuals who work from a home office. This card has no annual fee and offers a fabulous 5% cash back on the first $25,000 spent on office supplies, internet, cable, and phone services. It also offers 2% cash back on the first $25,000 spent at gas stations and restaurants, and then 1% on everything else. In addition, you get $750 cash back after spending $7,500 in the first three months.
Other things you should know about the Chase Ink Business CashSM card include the following:
- 0% APR: You can enjoy a 0% introductory APR on purchases for the first 12 months after the account is opened. However, this promotional rate doesn’t apply to balance transfers.
- Designed mainly for office-based companies: This card is beneficial if you have significant expenses on office supplies. However, if you operate online and don’t need office supplies, you won’t be able to take advantage of the high cash back rate.
- Redemption options: You can redeem rewards for cash back, gift cards, travel, and more through Chase Ultimate Rewards®.
The Chase Ink Business Cash® card is named the overall best credit card for startups because of its lucrative rewards and flexible redemption options. The 0% APR, no annual fee, and free employee cards are the other reasons this card is great for startup businesses.
Discover it® Cash Back: Best for Double Cash Rewards for the First Year
Discover it® Cash Back
BEST FOR:
Double cash back on the first year’s purchases
Intro APR
0%
Regular APR
14.24% to 25.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon, and more, up to the quarterly maximum, each time you activate.
- Plus, earn unlimited 1% cash back on all other purchases—automatically.
- We'll match all the cash back you've earned at the end of your first year automatically. There's no signing up and no limit to how much we'll match.
Pros
- Premium rewards on rotating bonus categories
- Double your cash back for the first year
- Long 0% APR period on balance transfers and purchases
Cons
- Bonus rewards are capped at $1,500
- Bonus rewards should be activated every quarter
- No purchase protection or extended warranties
- Freeze it®
- $0 Fraud Liability Guarantee
- Free FICO® Credit Score
- Social Security number, Inquiry & New Account Alerts
Intro APR
0%
Regular APR
14.24% to 25.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon, and more, up to the quarterly maximum, each time you activate.
- Plus, earn unlimited 1% cash back on all other purchases—automatically.
- We'll match all the cash back you've earned at the end of your first year automatically. There's no signing up and no limit to how much we'll match.
Pros
- Premium rewards on rotating bonus categories
- Double your cash back for the first year
- Long 0% APR period on balance transfers and purchases
Cons
- Bonus rewards are capped at $1,500
- Bonus rewards should be activated every quarter
- No purchase protection or extended warranties
- Freeze it®
- $0 Fraud Liability Guarantee
- Free FICO® Credit Score
- Social Security number, Inquiry & New Account Alerts
Why we like it: While the Discover it® Cash Back card is a personal credit card and not a business credit card, it has one of the most generous rewards programs available. You’ll get an unlimited 2x cash back match of all the cash back you’ve earned by the end of your first year. You’ll also earn 5% cash back in rotating categories for each quarter and 1% cash back on all other purchases. It comes with no annual fee and a low ongoing APR.
Below are the things you should know about the Discover it® Cash Back card:
- Premium rewards on revolving categories: The Discover it® Cash Back card offers premium rewards on revolving categories for each quarter. For example, you can earn 5% cash back at restaurants and PayPal on up to $1,500 in purchases from July to September 2022. Then, from October to December 2022, you’ll earn premium cash back on Amazon.com and digital wallets on up to $1,500 in purchases. Keep in mind that you need to activate your bonus rewards every quarter to be eligible for 5% cash back on the rotating categories.
- 0% APR: You can enjoy interest-free financing on both purchases and balance transfers for the first 15 months after opening an account.
- No purchase protection or extended warranties: Unlike most business credit cards on this list, the Discover it® Cash Back credit card doesn’t offer purchase protection or extended warranties.
Amazon Business Prime American Express Card: Best for Recurring Amazon Purchases
Amazon Business Prime American Express Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
5% back or 90-day repayment terms
Intro APR
N/A
Regular APR
17.24% - 25.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Eligible Prime Members get a $125 Amazon Gift Card upon approval for the Amazon Business Prime American Express Card.
- Take advantage of 5% Back or 90 Day Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market with an eligible Prime membership. You will earn 5% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
- 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- 1% Back on other purchases
- $0 Annual Fee
- Back your business with the broad selection of Amazon and the service of American Express. Stay focused on your top business priorities, knowing we’re behind you.
- With rewards that don’t expire, you choose when to redeem. Redeem rewards on millions of items during checkout at Amazon.com and Amazon Business (U.S.) or apply towards a purchase on your statement.
- Terms apply.
Pros
- 5% back or 90-day terms
- No annual and foreign transaction fees
Cons
- No 0% introductory APR
- Only for Amazon Prime members
- Return protection: American Express will provide a refund for an item purchased within 90 days that cannot be returned to the merchant. Refunds are limited to $300 per item, up to $1,000 per cardmember, per calendar year.
- Baggage insurance: Get reimbursed for lost, damaged, or stolen luggage is damaged, lost, or stolen when you pay for your trip with your card, American Express will pay up to $1,250 per covered person for carry-on baggage and up to $500 for checked baggage.
- Car rental insurance: Get coverage for theft or damage of a car rental, up to $50,000. Cardholders can waive the collision insurance offered by the auto rental agency.
Intro APR
N/A
Regular APR
17.24% - 25.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Eligible Prime Members get a $125 Amazon Gift Card upon approval for the Amazon Business Prime American Express Card.
- Take advantage of 5% Back or 90 Day Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market with an eligible Prime membership. You will earn 5% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
- 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- 1% Back on other purchases
- $0 Annual Fee
- Back your business with the broad selection of Amazon and the service of American Express. Stay focused on your top business priorities, knowing we’re behind you.
- With rewards that don’t expire, you choose when to redeem. Redeem rewards on millions of items during checkout at Amazon.com and Amazon Business (U.S.) or apply towards a purchase on your statement.
- Terms apply.
Pros
- 5% back or 90-day terms
- No annual and foreign transaction fees
Cons
- No 0% introductory APR
- Only for Amazon Prime members
- Return protection: American Express will provide a refund for an item purchased within 90 days that cannot be returned to the merchant. Refunds are limited to $300 per item, up to $1,000 per cardmember, per calendar year.
- Baggage insurance: Get reimbursed for lost, damaged, or stolen luggage is damaged, lost, or stolen when you pay for your trip with your card, American Express will pay up to $1,250 per covered person for carry-on baggage and up to $500 for checked baggage.
- Car rental insurance: Get coverage for theft or damage of a car rental, up to $50,000. Cardholders can waive the collision insurance offered by the auto rental agency.
Why we like it: If you regularly make business purchases through Amazon, you could significantly benefit from the Amazon Business Prime American Express Card. There’s no annual fee outside of the business prime membership fee. You also get to choose between earning 5% cash back or a 90-day interest-free billing cycle on US purchases at Amazon Business, Amazon Web Services (AWS), Amazon.com, and Whole Foods Market on the first $120,000 in purchases each calendar year. You’ll also earn 1% back on all other purchases.
Some things you should know about the Amazon Business Prime American Express Card are:
- Sign-up bonus: Get a $125 Amazon.com gift card upon approval for the Amazon Business Prime American Express Card—no minimum purchase required.
- More rewards: Earn 2% back at United States restaurants and gas stations and on wireless telephone services purchased directly from US service providers, and 1% on all other purchases.
- Exclusive to Amazon Prime members only: This card is designed only for existing members of Amazon Prime. Non-Prime members aren’t eligible to apply for this credit card.
- No 0% introductory APR: Unless you choose the 90-day interest-free term, this card doesn’t offer a 0% introductory APR.
The Amazon Business Prime American Express Card is the leading Amazon business credit card because of its easy sign-up bonus and high cash back option. This is best for self-employed business owners who make frequent Amazon purchases.
Capital One® Spark® Cash Select Good Credit: Best for Self-employed Individuals With Good Credit
Capital One® Spark® Cash Select Good Credit
BEST FOR:
Businesses with good credit that want a 0% introductory APR
Intro APR
0%
Regular APR
15.49% to 23.49%
Annual Fee
$0
Credit Needed
Good
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- Ability to finance purchases with 0% APR for 12 months
- Free employee cards
Cons
- 0% APR doesn’t apply to balance transfers
- No sign-up bonus
- Cash back rewards aren’t competitive
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus a cash advance
- Roadside assistance: Services like jump-starting, tire changing, and towing
Intro APR
0%
Regular APR
15.49% to 23.49%
Annual Fee
$0
Credit Needed
Good
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- Ability to finance purchases with 0% APR for 12 months
- Free employee cards
Cons
- 0% APR doesn’t apply to balance transfers
- No sign-up bonus
- Cash back rewards aren’t competitive
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus a cash advance
- Roadside assistance: Services like jump-starting, tire changing, and towing
Why we like it: If you have good credit, the Capital One® Spark® Cash Select Good Credit card is an excellent option. This card has no annual fee and offers unlimited 1.5% cash back on all business-related purchases. You can redeem your cash back upon request in the form of a statement credit, check by mail, or gift cards from restaurants, retailers, or hotels.
Here are the things that you should know about the Capital One® Spark® Cash Select Good Credit card:
- 0% APR: You can take advantage of the 0% introductory APR on purchases for 12 months. However, this doesn’t apply to balance transfers.
- No sign-up bonus: Unlike most small business credit cards in this list, this card doesn’t offer sign-up bonuses.
- Reduced credit cost: The Capital One® Spark® Cash Select Good Credit card doesn’t charge annual, balance transfer, or foreign transaction fees, helping you reduce your overall credit cost.
The Capital One® Spark® Cash Select Good Credit card is also part of the top-recommended business credit cards for consultants because of its easy rewards program, flexible redemption options, and reduced overall credit cost.
Wells Fargo Business Platinum Credit Card: Best for Flexible Rewards Options
Wells Fargo Business Platinum Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Choosing cash back or points rewards with no annual fee
Intro APR
0%
Regular APR
Prime + 7.99% to Prime + 17.99% on purchases
Annual Fee
$0
Credit Needed
Excellent
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Excellent introductory bonus offer
- No-interest financing period
- Ongoing bonus rewards for meeting monthly spending requirements
- Register employee cards with no additional fees
Cons
- Low ongoing rewards
- Airline ticket redemption fees
- Points have an expiration
- Purchase security: Wells Fargo offers coverage for purchased items that have been damaged or stolen within 90 days of purchase. They may repair, replace, or reimburse you for the items. Coverage is limited to $10,000 per item and up to $50,000 per year.
- Wells Fargo design studio: Wells Fargo allows you to design your card by uploading an image that represents your company. For example, the image could be your business logo or storefront.
Intro APR
0%
Regular APR
Prime + 7.99% to Prime + 17.99% on purchases
Annual Fee
$0
Credit Needed
Excellent
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Excellent introductory bonus offer
- No-interest financing period
- Ongoing bonus rewards for meeting monthly spending requirements
- Register employee cards with no additional fees
Cons
- Low ongoing rewards
- Airline ticket redemption fees
- Points have an expiration
- Purchase security: Wells Fargo offers coverage for purchased items that have been damaged or stolen within 90 days of purchase. They may repair, replace, or reimburse you for the items. Coverage is limited to $10,000 per item and up to $50,000 per year.
- Wells Fargo design studio: Wells Fargo allows you to design your card by uploading an image that represents your company. For example, the image could be your business logo or storefront.
Why we like it: The Wells Fargo Business Platinum Credit Card allows you to choose your own rewards program: cash back or points. You can earn either 1.5% cash back or 1x point for every $1 spent on all eligible purchases, regardless of spending categories. Plus, you’ll receive $300 cash back or 30,000 bonus points when you spend at least $3,000 in qualifying purchases in the first three months.
If you choose to earn points, you can receive 1,000 bonus points when your company spends $1,000 or more in any monthly billing period.
Some important things that you should know about the Wells Fargo Business Platinum Credit Card are:
- 0% APR: You’ll enjoy interest-free financing for nine months on both purchases and balance transfers.
- Points will expire: Unlike most business credit cards, points earned with the Wells Fargo Business Platinum Credit Card three years and older will expire every November 30. Make sure to keep track of when you earned the points and redeem them before expiry.
- Reduced credit cost: It comes with no annual fee and no foreign transaction fees, reducing your overall credit costs.
The Wells Fargo Business Platinum Card is also one of our leading credit cards for real estate agents because of its flexibility and fewer fees.
Bank of America® Business Advantage Unlimited Cash Rewards Secured: Best for Self-employed Individuals With Bad or Limited Credit
Business Advantage Unlimited Cash Rewards Secured Credit Card
Intro APR
None
Regular APR
24.49%
Annual Fee
None
Credit Needed
Poor
- Earn unlimited 1.5% cash back on all purchases
Pros
- No annual fee
- Unlimited rewards
- Builds business credit
Cons
- Security deposit is required
- No sign-up bonus
- No 0% Intro APR
- Cash flow management tools
- Travel and emergency services
- Online and mobile access
- Balance Connect™ for overdraft protection
- Zero liability protection
Intro APR
None
Regular APR
24.49%
Annual Fee
None
Credit Needed
Poor
- Earn unlimited 1.5% cash back on all purchases
Pros
- No annual fee
- Unlimited rewards
- Builds business credit
Cons
- Security deposit is required
- No sign-up bonus
- No 0% Intro APR
- Cash flow management tools
- Travel and emergency services
- Online and mobile access
- Balance Connect™ for overdraft protection
- Zero liability protection
Why we like it: The Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card is a great option if you have bad or limited credit and couldn’t qualify for a regular, unsecured business credit card. You only need to make a security deposit of at least $1,000 to qualify for this card. The amount of your security deposit will determine your credit limit.
Moreover, it offers unlimited 1.5% cash back on all purchases and has no annual fees. You can redeem your cash rewards as a deposit into your Bank of America checking or savings account, a statement credit, or a check mailed to you.
Other important things that you need to know about the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card include:
- Has a varied credit limit: The amount of your credit limit will depend on your security deposit.
- No sign-up bonus or introductory APR: It has no sign-up bonus, and it also doesn’t offer an interest-free financing period.
- Builds business credit: You can build your business credit over time when you make consistent on-time payments, allowing you to qualify for unsecured business credit cards.
The Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card is also our choice for overall best secured business credit card and best business credit card for bad credit, and also one of the top-recommended cards for new businesses with no credit history.
Why Self-employed Individuals Need a Business Credit Card
Self-employed individuals, including freelancers, independent contractors, and sole proprietors, can benefit from a business credit card. Having a separate credit card intended for business use can help you avoid commingling your personal and business expenses. As a result, your finances will be more organized for better recordkeeping, which makes tax season a lot easier.
A business credit card can also be an excellent solution for short-term capital and cash flow needs. Using a business credit card for everyday business-related expenses can help keep your work running smoothly. Moreover, you can earn rewards that are useful for your business and enjoy the benefits of owning a business credit card like purchase and extended warranty protection.
Aside from keeping financial transactions organized and managing cash flow, another important reason self-employed business owners need a business credit card is that it can help build business credit when used responsibly. Building business credit is essential if you want to scale your business in the future.
Qualification Requirements for Self-employed Business Owners
If you’re self-employed, you’re eligible for a business credit card, whether you’re full-time or part-time. You can apply using your Social Security number if you don’t have a tax identification number (TIN) or employer identification number (EIN).
Unless you already have a business credit history, your personal credit score will be a major determining factor in whether you’re approved, so it’s best if your personal credit is in good standing before applying for a card. Otherwise, consider one of the best business credit cards for bad credit.
How We Evaluated the Best Business Credit Cards for Self-employed
When evaluating the best credit cards for the self-employed, we prioritized 0% APR introductory offers, low to no annual fees, sign-up bonuses, and ongoing rewards. We also take into account the ability to earn rewards on specific spending categories and ongoing APRs.
Bottom Line
The best credit cards for self-employed listed in this guide have no annual fees, come with reasonable APRs, and offer rewards. These cards can give your business a boost when you’re self-employed. To find the right card, it’s important to consider your business’s needs and rewards preference. To find another card that’s more suitable for your business, you can visit our Credit Card Marketplace.
