11 Best Credit Cards for Self-employed Workers &amp; Contractors 2020

On Chase's Secure Website

Ink Business Cash℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 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 card purchases with no limit to the amount you can earn
0% introductory APR for 12 months on purchases
Employee cards at no additional cost
No Annual Fee

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% Intro APR on Purchases	14.74% - 20.74% Variable	$0	Good - Excellent

On Chase's Secure Website

Chase Ink Business Cash^SM is best for self-employed workers looking for a top combination of introductory and ongoing rewards. You’ll earn $500 cash back after spending $3,000 within three months and as much as 5% cash back in ongoing rewards. No other card on our list offers a better combination of benefits. The ongoing APR is as low as 14.74%.

Chase Ink Business Cash^SM Costs

Introductory APR: 0% APR for 12 months on purchases
Ongoing APR: 14.74% to 20.74% variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: Either $5 or 5% of the balance transferred, whichever is greater

If you carry a balance regularly, Chase Ink Business Cash^SM is a solid choice—at least for the first year of card ownership. The introductory 0% APR on purchases could help you manage cash flow, but you’ll want to make sure to pay off your balance in full before the intro period expires. Other cards on our list offer better ongoing APRs, including the Bank of America® Business Advantage Travel Rewards World Mastercard®.

Chase Ink Business Cash^SM Rewards

This startup business credit card offers higher rewards on office supply and telecommunications services purchases than many other small business credit cards. It also pays bonus cash back rewards on gas station and restaurant purchases, and awards one of the highest sign-up bonuses available on a small business credit card that charges no annual fee.

Introductory Rewards

Chase Ink Business Cash^SM offers $500 cash back after you spend $3,000 within your first three months. Chase Ink Business Unlimited^SM also offers this sign-up bonus, the highest on our list. Business credit cards that charge no annual fee rarely offer introductory rewards this lucrative.

Ongoing Rewards

5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone and landline services each account anniversary year, then 1%
2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, then 1%
1% cash back on all other purchases

Only the Bank of America® Business Advantage Cash Rewards Mastercard® offers a similar combination of gas and restaurant rewards.

Chase Ink Business Cash^SM Additional Features

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 U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less

This is a similar package of benefits as several other cards on this list offer, although the purchase protection lasts longer than the 90 days offered by the U.S. Bank Cash+ Visa Signature. Chase Ink Business Unlimited^SM and U.S. Bank Cash+ Visa Signature also offer free rental insurance. You can read more details in our Chase Ink Business Cash^SM review.

What Chase Ink Business Cash^SM Is Missing

Self-employed workers who have travel expenses won’t benefit from the Chase Ink Business Cash^SM because it doesn’t offer rewards for airfare or hotel purchases. Indeed, the best credit cards for self-employed workers rarely offer bonus categories that cover travel, although the Bank of America® Business Advantage Travel Rewards World Mastercard® pays 3 points per dollar on travel spending.

U.S. Bank Business Cash Rewards World Elite™ Mastercard®: Best for 0% APR for 15 Billing Cycles

On US Bank's Secure Website

U.S. Bank Business Cash Rewards World Elite™ Mastercard®

Earn a new cardmember bonus of $200 after you spend $1,000 in eligible net purchases on your card within the first 90 days of account opening
3% cash back on cellular, gas stations, and office supply store net purchases
1% cash back on other eligible net purchases

No limit on total rewards and they never expire!
Plus, a 25% Annual Cash Rewards bonus, up to $250
No annual fee*
Net purchases are purchases minus credits and returns
0% Intro APR* on purchases and balance transfers for the first 9 billing cycles. After that variable APR currently 13.74% - 24.74%*

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0%*	13.74% - 24.74%* Variable	$0*	Excellent

On US Bank's Secure Website

See Rates and Fees

The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is best for sole proprietors who want to save interest on purchases and balance transfers for more than a year. This no-interest credit card offers free financing for the first 15 billing cycles on spending and transfers. It also offers a unique 25% bonus on the prior year’s rewards, up to $250.

U.S. Bank Business Cash Rewards World Elite™ Mastercard® Costs

Introductory APR: 0% on purchases and balance transfers for the first 15 billing cycles
Ongoing APR: 13.74% to 24.74%, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: $5 or 3% of the transfer during application, whichever is greater

No other card on our list offers a longer no-interest period on purchases and balance transfers. American Express Blue Business® Plus offers 12 months of interest-free financing on both purchases and balance transfers. Few small business credit cards offer 0% financing on both purchases and balance transfers.

U.S. Bank Business Cash Rewards World Elite™ Mastercard® Rewards

This U.S. Bank small business credit card offers ongoing cash back on your spending, including bonus rewards for cellular, gas, and office supply purchases, and a 25% annual bonus based on your prior year’s cash rewards. The introductory offer is worth $500.

Introductory Rewards

You’ll earn $500 cash back after you spend $4,500 during the first 150 days. That matches Chase Ink Business Cash^SM for the best sign-up bonus offer on our list. This Chase small business credit card requires $3,000 in purchases during the first three months to earn the introductory reward.

Ongoing Rewards

3% cash back on cellphone purchases and service
3% cash back on gas purchases up to $200 per single purchase
3% cash back at office supply stores
1% cash back on all other eligible purchases

The cellphone bonus is unique among cash back small business credit cards. The rewards on office supply spending are lower than the 5% offered by Chase Ink Business Cash^SM. U.S. Bank also provides a unique annual bonus equal to 25% of your prior year’s cash rewards, up to a maximum of $250. No other small business cash back credit card offers an ongoing annual bonus.

U.S. Bank Business Cash Rewards World Elite™ Mastercard® Additional Features

MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank 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 you 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.

This card includes similar restrictions on both its purchase assurance and extended warranty protections as the Capital One® Spark® Cash Select for Business. Those protections aren’t quite as robust as cards like Chase Ink Business Unlimited^SM offer. Read more about this card in our U.S. Bank Business Cash Rewards World Elite™ Mastercard® review.

What U.S. Bank Business Cash Rewards World Elite™ Mastercard® Is Missing

The U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers lower ongoing category rewards than some other cash back rewards business credit cards. The Chase Ink Business Cash^SM card, for example, offers ongoing rewards of up to 5% on office supply spending.

American Express Blue Business Cash^TM Card: Best for Fixed-rate Cash Back With No Annual Fee

on American Express® Blue Business Cash Card's secure website.

American Express® Blue Business Cash Card

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 and balance transfers for 12 months, then a variable rate, 14.74%, 17.74%, or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
No Annual Fee
Terms Apply

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% on purchases	14.74% - 20.74% Variable	No annual fee	Good, Excellent

on American Express® Blue Business Cash Card's secure website.

See Rates and Fees

American Express Blue Business Cash^TM Card is best for self-employed workers who want to earn 2% cash back on all purchases without paying an annual fee. Other small business credit cards offer this fixed-rate reward, but you’ll have to pay nearly $100 a year in annual fees. The ongoing APR is as low as 14.74%, which is a percentage point or more below average.

American Express Blue Business Cash^TM Card Costs

Introductory APR: 0% for 12 months on purchases and balance transfers
Ongoing APR: 14.74% to 20.74% variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: $5 or 3% of the transferred amount, whichever is greater

When it comes to card costs, this American Express card is identical to the American Express Blue Business® Plus. The introductory APR offer isn’t quite as good as what the U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers. You’ll get 0% financing for 15 months on purchases and balance transfers with that card.

American Express Blue Business Cash^TM Card Rewards

The American Express Blue Business Cash^TM Card offers excellent ongoing fixed-rate rewards usually seen on business credit cards that charge an annual fee. But, unlike those cards, this American Express card sets a cap at $50,000 in annual spending at which you’ll earn the top reward.

Introductory Rewards

American Express doesn’t currently offer introductory rewards on this card. Most cards on our list of the best small business credit cards offer a sign-up bonus after you meet a spending requirement. This card falls lower on our list because it doesn’t offer introductory rewards.

Ongoing Rewards

2% cash back on all purchases up to $50,000 each year.
1% cash back on all additional purchases.

Chase Ink Business Unlimited^SM also pays fixed-rate cash back, but you’ll earn just 1.5% on all spending. The Chase small business card does not have a cap on earning its top reward rate.

American Express Blue Business Cash^TM Card Additional Features

Extended warranty: American Express will match the length of the original manufacturer’s warranty if it’s less than one year. American Express provides an additional one year if the original manufacturer’s warranty is between one 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.
Baggage insurance: If your luggage is damaged or lost when you travel on a common carrier like a plane, trip, ship, or bus, American Express will reimburse you for losses not covered by your own personal insurance.

The extended warranty protection is similar to what Chase Ink Business Cash^SM offers, although Chase only offers coverage extensions on warranties of three years or less. You can read more in detail in our American Express Blue Business Cash^TM Card review.

What the American Express Blue Business Cash^TM Card Is Missing

This card doesn’t offer introductory rewards. That’s a real drawback, especially when other cards that charge no annual fee offer sign-up bonuses worth up to $500 cash back. You’ll also want to avoid this card when traveling overseas, not only because you’ll pay foreign transaction fees, but because American Express isn’t as widely accepted as Visa or Mastercard.

American Express Blue Business® Plus: Best for Fixed-rate Points and No Annual Fee

on The Blue Business® Plus Credit Card from American Express's secure website.

The Blue Business® Plus Credit Card from American Express

Get rewarded for business as usual. 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.
Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.

You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
More buying power for your business means more opportunities to earn points. That’s everyday business with the Blue Business Plus Card.
*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 and balance transfers for 12 months, then a variable rate, 14.74%, 17.74% or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
Terms Apply

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% on purchases	14.74% - 20.74% Variable	No annual fee	Good, Excellent

on The Blue Business® Plus Credit Card from American Express's secure website.

See Rates and Fees

American Express Blue Business® Plus is best for self-employed workers seeking 2x Membership Rewards points on all spending, up to $50,000 annually. This type of points card is ideal for owners who want to redeem rewards for travel without having to pay an annual fee. The ongoing APR is as low as 14.74%.

American Express Blue Business® Plus Costs

Introductory APR: 0% for 12 months on purchases and balance transfers
Ongoing APR: 14.74% to 20.74% variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: $5 or 3% of the transfer, whichever is greater

Among credit cards with 0% interest, Blue Business® Plus offers one of the longest no-interest periods on purchases and balance transfers. The only business credit card on this list with a longer introductory period is the U.S. Bank Business Cash Rewards World Elite™ Mastercard®, which offers interest-free financing for 15 billing cycles. This interest-free period will allow you to plan for future business needs.

American Express Blue Business® Plus Rewards

You’ll earn no introductory rewards, but cardholders will earn 2x Membership Rewards points on all spending up to $50,000 a year, then 1 point per dollar spent. There are no bonus categories to track.

Introductory Rewards

Blue Business® Plus offers no sign-up bonus. It is one of just two of the best credit card deals for self-employed workers without an introductory reward, including the Chase Slate®.

Ongoing Rewards

2 points per dollar on all purchases up to $50,000 each year
1 point per dollar on all additional purchases

This is the highest-fixed rate points card on our list. If you’d rather like fixed-rate cash back, consider instead American Express Blue Business Cash™ Card, which pays 2% cash back on all spending, up to $50,000.

American Express Blue Business® Plus Additional Features

Baggage insurance: American Express offers a benefit for any luggage damaged, lost or stolen on any “air, land or water vehicle, other than a personal or rental vehicle”; the benefit is good for up to $1,250 for carry-on luggage and $500 for checked luggage
Extended warranty: American Express will match the length of the original manufacturer’s warranty if it’s less than two years; American Express 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
Expanded buying power: If you have a large purchase, you may be able to spend above your credit limit; the portion of your account balance that is above your credit limit is due in full each month as part of your minimum payment due

Several other cards offer extended warranty and purchase protection, including U.S. Bank Cash+ Visa Signature, but the purchase protection coverage on this card lasts just 90 days. You can read more about this card in our American Express Blue Business® Plus review.

What American Express Blue Business® Plus Is Missing

American Express Blue Business® Plus doesn’t offer introductory rewards, while other cards on our list like Chase Ink Business Cash^SM offer sign-up bonuses worth as much as $500. You’ll also earn fixed-rate ongoing rewards, which may not favor businesses that spend heavily in certain categories—like airfare or gas—where other cards offer enhanced rewards of up to 5%.

Discover it® Cash Back: Best for Double Cash Rewards for the First Year

On Discover's Secure Website

Discover it® Cash Back

Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more, up to the quarterly maximum, each time you activate.
Plus, earn unlimited 1% cash back on all other purchases — automatically.
We'll automatically match all the cash back you've earned at the end of your first year. There's no signing up. And no limit to how much we'll match.

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0%	13.49% - 24.49% Variable	$0	Good - Excellent

On Discover's Secure Website

Discover it® Cash Back is a personal credit card best for owners looking to maximize rewards during their first year of card ownership. Instead of offering a typical introductory offer, Discover will match or double all of the rewards you earn in the first year. You could earn 10% on up to $1,500 in category spending that rotates each quarter, and 2% on everything else the first year. The ongoing APR is as low as 13.49%.

Discover it® Cash Back Costs

Introductory APR: 0% introductory APR on purchases and balance transfers for 14 months
Ongoing APR: 13.49% to 24.49% variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: 3% of the amount transferred, available until March 10, 2020

The introductory APR is just one month less than what Chase Slate® offers. Discover it® Cash Back also offers a low ongoing APR for cardholders with excellent credit.

Discover it® Cash Back Rewards

A good rule of thumb to follow when choosing a rewards card: Find one that can get you as close to 2% on all your spending as possible. Discover guarantees this during the first year with its unusual introductory reward offering to match all your first-year cash back. Every other card with an introductory offer caps the maximum reward you can receive. Ongoing rewards are as high as 5% in bonus categories.

Introductory Rewards

Instead of a traditional introductory rewards offer, Discover will match all of the cash back you earned at the end of your first year automatically. No other card on our list has a similar offer.

Ongoing Rewards

5% cash back—doubled the first year—on rotating quarterly categories like gas stations, grocery stores, and restaurants on up to $1,500 in spending each quarter
1% cash back—doubled the first year—on all other purchases

The other cards with bonus categories on our list all offer higher spending caps. Chase Ink Business Cash^SM, for example, pays 5% on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone, and landline services each account anniversary year, then 1%.

Discover it® Cash Back Additional Features

Account lock: Freeze your account in seconds to prevent new purchases with an on/off switch available on both the mobile app and website
Late fee waiver: You’ll pay no late fee the first time your payment is late; late fees are up to $37 after that

Discover does not offer many of the features like purchase protection and extended warranty protection that are standard on cards like the U.S. Bank Cash+™ Visa Signature® Card. It does offer some unique features like a late fee waiver and the ability to freeze your account using your smartphone.

What Discover it® Cash Back Is Missing

Discover it® Cash Back requires you to register your card each quarter to earn the bonus rewards, and you can only earn 5% cash back on up to $1,500 in spending. No other card on our list has quite this many restrictions. If you own a startup business, registering your card may be an unwanted distraction. Plus, since this is a personal credit card, you won’t be able to build your business credit by using this card responsibly.

Chase Ink Business Unlimited^SM: Best Introductory Rewards on a Fixed-rate Credit Card

On Chase's Secure Website

Ink Business Unlimited℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
Earn unlimited 1.5% cash back on every purchase made for your business
0% introductory APR for 12 months on purchases

Employee cards at no additional cost
No Annual Fee

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% Intro APR on Purchases	14.74% - 20.74% Variable	$0	Good - Excellent

On Chase's Secure Website

Chase Ink Business Unlimited^SM is best for business owners looking for a solid $500 cash back after spending $3,000 in the first three months and a fixed rate on ongoing rewards. The ongoing APR is as low as 14.74%, which is the same as what the American Express Blue Business® Plus offers.

Chase Ink Business Unlimited^SM Costs

Introductory APR: 0% APR for 12 months on purchases
Ongoing APR: 14.74% to 20.74% variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: Either $5 or 5% of the balance transferred, whichever is greater

If you need to transfer a high-interest credit card balance, this isn’t the right card for you. Chase Ink Business Unlimited^SM doesn’t offer 0% interest on balance transfers. The U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers no-interest financing for 15 billing cycles on both purchases and balance transfers.

Chase Ink Business Unlimited^SM Rewards

Along with the ongoing rewards of 1.5% cash back on all spending, this card also comes with a great introductory bonus, which is the highest among cards on our list, tied with the Chase Ink Business Cash^SM.

Introductory Rewards

You’ll earn $500 cash back after you spend $3,000 in the first three months. Compare that with the $300 you’ll receive after spending $3,000 within three months with the Bank of America® Business Advantage Cash Rewards Mastercard®.

Ongoing Rewards

You’ll earn unlimited 1.5% cash back on all purchases, regardless of spending category. That’s lower than the 2 points per dollar spent the American Express Blue Business® Plus offers.

Chase Ink Business Unlimited^SM Additional Features

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 U.S. 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 U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less

Note that the purchase protection benefit lasts longer than the 90 days offered by the U.S. Bank Cash+ Visa Signature. The extended warranty protection isn’t quite as good as what the American Express Blue Business® Plus offers. You can read more about this card in our Chase Ink Business Unlimited^SMreview.

What Chase Ink Business Unlimited^SM Is Missing

The fixed-rate cash back rewards rate Chase Ink Business Unlimited^SM offers is lower than other cards offer in bonus categories, like the Chase Ink Business Cash^SM. That card pays 5% cash back on up to $25,000 in annual spending on office supplies and telecommunications services. This Chase card also offers a lower fixed-rate reward—2 points per dollar spent—than the American Express Blue Business® Plus.

Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for Annual-fee Free Travel Rewards

on Bank of America® Business Advantage Travel Rewards World Mastercard® credit card's secure website.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards 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 (car, hotel, airline) booked through the Bank of America® Travel Center - powered by Expedia®.

No annual fee and no international transaction fees.
0% Introductory APR on purchases for your first 9 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.

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% 9 billing cycles	12.74% - 22.74% Variable APR on purchases	$0.00	Excellent

on Bank of America® Business Advantage Travel Rewards World Mastercard® credit card's secure website.

The Bank of America® Business Advantage Travel Rewards World Mastercard® is best for self-employed workers who travel. You’ll earn 3 points per dollar spent on travel purchases without having to pay an annual fee. The ongoing APR is as low as 12.74%.

Bank of America® Business Advantage Travel Rewards World Mastercard® Costs

Introductory APR: 0% on purchases for nine billing cycles
Ongoing APR: 12.74% to 22.74% Variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: Either $10 or 4% of the amount of each transaction, whichever is greater

The introductory APR is the shortest of any card on our list, and, unlike the American Express Blue Business® Plus, Bank of America offers no intro APR on balance transfers. Bank of America offers a possible ongoing APR that is the second-lowest on our list behind the Bank of America® Platinum Plus® Mastercard® Business card.

Bank of America® Business Advantage Travel Rewards World Mastercard® Rewards

This card offers introductory rewards worth $250 in travel. You’ll also earn ongoing rewards on travel purchases, including airfare, car rentals, and hotel stays. Everyday purchases are worth 1.5 points per dollar spent.

Introductory Rewards

You’ll earn 25,000 bonus points when you make at least $1,000 in net purchases in the first 60 days with your Bank of America business card.

These points can be redeemed for a $250 statement credit toward travel purchases. This introductory offer is low compared with other cards on our list, including the Chase Ink Business Cash^SM, which offers $500 cash back after spending $3,000 within the first three months.

Ongoing Rewards

3 points per dollar spent on travel purchases—car, hotel, and airline—booked through Bank of America Travel Center
Unlimited 1.5 points per dollar spent on all other purchases

The Bank of America® Business Advantage Travel Rewards World Mastercard® is the only card on our list that offers rewards specifically for travel. It’s 1.5 points for every dollar spent on other purchases is equal to what the Chase Ink Business Unlimited^SM pays.

When you enroll in the Preferred Rewards for Business program, you can get an additional 75% rewards bonus on every purchase you make. That means you can earn up to an unlimited 2.62 points on all purchases, which is a higher rate than any other card on this list offers for everyday spending. However, to earn that rate, you have to have at least $100,000 deposits or investments with the bank.

Bank of America® Business Advantage Travel Rewards World Mastercard® Additional Features

The Bank of America® Business Advantage Travel Rewards World Mastercard® doesn’t come with nearly as many perks as the other best business rewards credit cards. You will receive up to $100,000 in travel accident insurance, which covers you in case of loss of life or dismemberment.

The only other card on our list to offer this benefit is the American Express Blue Business® Plus. Read more in our Bank of America® Business Advantage Travel Rewards World Mastercard® review.

What Bank of America® Business Advantage Travel Rewards World Mastercard® Is Missing

Cardholders won’t receive great rewards for office expense purchases like the Chase Ink Business Cash^SM offers. This card is mainly only for owners who travel frequently, but who aren’t ready for a card that charges an annual fee. The introductory rewards are lower than the $500 cash back offered by the Chase Ink Business Cash^SM card.

Bank of America® Business Advantage Cash Rewards Mastercard®: Best for Gas Rewards

on Bank of America® Business Advantage Cash Rewards Mastercard® credit card's secure website.

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening - with no annual fee and cash rewards don't expire.
Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.

0% Introductory APR on purchases for your first 9 billing cycles.
Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% 9 billing cycles	13.74% - 23.74% Variable APR on purchases	$0.00	Excellent

on Bank of America® Business Advantage Cash Rewards Mastercard® credit card's secure website.

The Bank of America® Business Advantage Cash Rewards Mastercard® is best for business owners with frequent gasoline expenses. It also offers above-average ongoing rewards on restaurant spending and an ongoing APR as low as 13.74%.

Bank of America® Business Advantage Cash Rewards Mastercard® Costs

Introductory APR: 0% for nine billing cycles on purchases
Ongoing APR: 13.74% to 23.74% Variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: Either $10 or 4% of the amount of each transaction, whichever is greater.

This card offers no introductory offer on balance transfers and—unlike Chase Slate®—charges a balance transfer fee. Pick another no-interest credit card from our list if you need to transfer balances.

Bank of America® Business Advantage Cash Rewards Mastercard® Rewards

You’ll need to make just $3,000 in spending during the first 90 days after you open your account to qualify for the introductory $300 statement credit. Ongoing rewards are best for gas or office supply purchases.

Introductory Rewards

Earn a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening. Chase Ink Business Cash^SM offers the best introductory offer, $500 after you spend $3,000 within the first three months of account opening.

Ongoing Rewards

3% cash back on the category of your choice such as gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services for the first $50,000 in combined choice category/dining purchases each calendar year, then 1% thereafter
2% cash back at restaurants
1% cash back on all other purchases

Only Chase Ink Business Cash^SM offers rewards on gas purchases, but that card pays just 2% cash back. Ink Business Cash does offer better office supply spending rewards at 5%.

This card offers unique bonus value for businesses that have a Bank of America checking or savings account. Enroll in the Preferred Rewards for Business program to receive an additional 75% rewards bonus on every purchase. These tiered-relationship bonuses begin when you have at least $20,000 in assets with the bank. The only other card on our list that offers a relationship bonus is the Bank of America® Business Advantage Travel Rewards World Mastercard®.

Bank of America® Business Advantage Cash Rewards Mastercard® Additional Features

This card doesn’t come with nearly as many perks as other cards on our list. You will receive up to $100,000 in travel accident insurance, which covers you in case of loss of life or dismemberment. Cards like the Chase Ink Business Cash^SM card offer additional benefits like purchase protection and car rental insurance. Read more in our Bank of America® Business Advantage Cash Rewards Mastercard® review.

What the Bank of America® Business Advantage Cash Rewards Mastercard® Is Missing

You’ll find a better rewards rate on office supply spending with other business cards like the Chase Ink Business Cash^SM at 5%. The introductory bonus is the lowest among the cards on our list that offer a welcome bonus.

U.S. Bank Cash+™ Visa Signature® Card: Best for Flexible Rewards

On US Bank's Secure Website

U.S. Bank Cash+™ Visa Signature® Card

Earn up to $550 cash back in the first year.
$150 bonus after spending $500 in eligible net purchases within the first 90 days of account opening.
5% cash back on your first $2,000 in combined eligible net purchases ($100 per quarter) on two categories you choose. That adds up to $400 cash back!

2% cash back on your choice of one everyday category, like gas stations or grocery stores.
1% Cash Back on all other eligible net purchases

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
N/A	15.49% – 24.99% Variable	None	Good - Excellent

On US Bank's Secure Website

The U.S. Bank Cash+™ Visa Signature® Card is a personal credit card that is best for self-employed workers who want to choose their top rewards. It allows you to choose from a list of 12 categories the two that will earn 5% cash back on up to $2,000 in spending each quarter. No other card on our list offers such flexibility. The ongoing APR is as low as 15.49%, which is among the highest APRs on our list.

U.S. Bank Cash+™ Visa Signature® Card Costs

Introductory APR: 0% introductory APR for the first 12 billing cycles on any balances transferred within 60 days from account opening; there is no intro APR on purchases.
Ongoing APR: Variable rate of 15.49% to 24.99% variable, which adjusts with the prime rate
Annual fee: None
Balance transfer fee: $5 or 3% of the balance transfer, whichever is higher.

U.S. Bank Cash+™ Visa Signature® Card Rewards

U.S. Bank allows users to choose two categories each quarter that will earn 5% (from a list of 12) in ongoing rewards and one category that will earn 2%. Among the cards that offer introductory rewards, the U.S. Bank Cash+™ Visa Signature® Card offers the smallest bonus, but also has the lowest spending requirement.

Introductory Rewards

Earn $150 cash bonus after making $500 in eligible net purchases within the first 90 days of account opening. That’s half as much as the Bank of America® Business Advantage Cash Rewards Mastercard® offers for its sign-up bonus.

Ongoing Rewards

5% cash back on your first $2,000 in combined eligible net purchases each quarter on two categories you choose from a group of 12
2% cash back on one category that you choose from gas stations, restaurants, and grocery stores
1% cash back on all other spending

The 12 spending categories that could earn 5% cash back include streaming services, fast food, cellphone providers, department stores, home utilities, select clothing stores, electronics stores, sporting goods stores, movie theaters, gyms/fitness centers, furniture stores, and ground transportation.

There are no cards on our list that have this diverse a selection of potential bonus categories. Only the Chase Ink Business Cash^SM and the Bank of America® Business Advantage Cash Rewards Mastercard®, offer dining or wireless service rewards.

U.S. Bank Cash+™ Visa Signature® Card Additional Features

Extended warranty: U.S. Bank will double the original manufacturer’s warranty up to one additional year on warranties of three years or less; coverage is limited to $10,000 per claim
Purchase protection: The issuer will repair, replace or reimburse you for an item purchased with the card that was damaged or stolen within 90 days of purchase; coverage is limited to $500 per claim and $50,000 per account each year
Auto rental collision damage waiver: Coverage is primary, meaning it replaces any coverage your personal insurance might offer, in case your rental is lost or stolen while you’re traveling

Free car rental insurance is only available on two other cards on our list, Chase Ink Business Cash^SM and Chase Ink Business Unlimited^SM. The extended warranty and purchase protections are common benefits, but the U.S. Bank Cash+™ Visa Signature® Card offers fewer years of warranty coverage and less per-claim coverage on purchase protection than does the American Express Blue Business® Plus.

What the U.S. Bank Cash+™ Visa Signature® Card Is Missing

U.S. Bank says the bonus categories could change from quarter to quarter. That means the category that propelled you to sign up for the card may not always be available. You’ll also have to register your 5% and 2% categories each quarter, or you’ll earn 1% on all spending. This is a consumer credit card, meaning you won’t be able to build your business credit by using this card.

Chase Slate®: Best for No-fee Balance Transfers

Learn More

On Chase's Secure Website

Chase Slate® credit card

Low intro balance transfer offer
Low introductory APR
No annual fee

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% fo 15 months	16.49%–25.24% Variable	$0	Good - Excellent

Learn More

On Chase's Secure Website

Note: The information related to the Chase Slate® Credit Card has been collected by Fit Small Business and has not been reviewed or provided by the issuer of this card.

Chase Slate® is a personal card that is best for self-employed workers who want to transfer a high-interest credit card balance without paying a balance transfer fee. It’s the only card on our list that offers free balance transfers within 60 days of account opening. It’s ongoing APR of as little as 16.49% is higher than other cards on our list offer.

Chase Slate® Costs

Introductory APR: 0% for 15 months on purchases and balance transfers
Ongoing APR: 16.49% to 25.24%, which will adjust based on the prime rate
Annual fee: None
Balance transfer fee: None on transfers made within 60 days of account opening; after that, either $5 or 5% of the amount of each transfer, whichever is greater

This may be the cheapest card for balance transfers when you factor in balance transfer fees. Pay no fee when you transfer a balance within 60 days of account opening. Compare that with the American Express Blue Business® Plus, which charges 3%.

Pay your balance in full by the end of the introductory period, however, because the ongoing APR is higher than what other cards charge. The Bank of America® Business Advantage Travel Rewards World Mastercard® offers a possible ongoing APR nearly 4 percentage points lower.

Chase Slate® Rewards

Chase Slate® is the only card on our list that offers no introductory or ongoing rewards. We ranked other cards higher on our list because they offer introductory rewards as high as $500 and ongoing rewards of up to 5%.

Chase Slate® Additional Features

Free monthly FICO score updates & monitoring: The issuer will update this monthly and monitor the reasons why your score may be up or down
Purchase protection: Covers your purchases for 120 days against theft and damage up to $500 per claim and $50,000 per account per year
No penalty APR: The issuer will not increase your APR if you pay late; this is the same benefit Citi Simplicity offers

The purchase protection coverage is similar to what the Chase Ink Business Cash^SM offers and better than the 90-day protection offered by the U.S. Bank Cash+™ Visa Signature® Card. No other card on our list waives penalty APR in case of a late or missed payment.

What Chase Slate® Is Missing

This card offers no introductory or ongoing rewards. Every other card on our list offers some form of rewards. This is a card with a singular purpose: To get you out of debt as cheaply as possible. It charges no interest on balance transfers for 15 months and no balance transfer fee on transfers made within 60 days of account opening.

Bank of America® Platinum Plus® Mastercard® Business card: Best for Low-interest Financing

On Bank of America's Secure Website

Bank of America® Platinum Plus® Mastercard® Business card

Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
Save on interest with a competitive purchase APR.
No annual fee.

0% Introductory APR on purchases for your first 7 billing cycles.
Employee cards at no additional cost to you and with credit limits you set.

INTRO APR	REGULAR APR	ANNUAL FEE	CREDIT NEEDED
0% 7 billing cycles	11.74% - 22.74% Variable APR on purchases	$0.00	Excellent