The best credit cards for self-employed workers help keep sole proprietors on a budget. They charge no annual fees, keep ongoing interest rates low, and offer introductory 0% financing on purchases and balance transfers for nine months or more. Some cards even offer introductory rewards of up to $500 and ongoing rewards of 5%.
Top Credit Cards for Self-employed Workers September 2019
Credit Card | Best for |
|---|---|
(Best overall) Excellent introductory and ongoing rewards | |
0% intro APR for 15 billing cycles on purchases and balance transfers | |
Fixed-rate cash back and no annual fee | |
Fixed-rate points and no annual fee | |
Double cash back for the first year | |
Fixed-rate rewards and a $500 intro bonus | |
Travel rewards without an annual fee | |
Rewards on gas spending | |
Choosing category rewards | |
Free balance transfers | |
Low-interest financing |
How the Best Cards for Self-employed Workers Changed
The updates to our list of the best business credit cards for self-employed workers reflect the Federal Reserve’s short-term interest rate cut on July 31, 2019. We also added business credit cards from American Express and U.S. Bank to our list in September 2019. We originally published this article in February 2019.
Federal Reserve Cuts Short-term Interest Rates
In July 2019, the Federal Reserve cut its benchmark interest rate by 0.25%. We monitor Fed rate changes because they impact the annual percentage rates (APRs) that banks charge on small business credit cards. Credit card APRs are based on a set percentage rate over the prime rate. When the prime rate changes, so do APRs. American Express and Chase made changes to its interest rates, but other issuers have not.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Joins Our List
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® in July 2019 came out with one of the top business credit card offers after it increased its introductory APR offer and its sign-up bonus. These changes led us to add this U.S. Bank small business credit card to our list.
You’ll now receive no-interest financing for 15 billing cycles on purchases and balance transfers, up from nine cycles just on purchases alone. This upgrade makes this U.S. Bank card the best 0% APR business credit card currently available. You’ll also receive a $500 sign-up bonus after you spend $4,500 within the first 150 days. That’s up from $200 after you spend $1,000 within the first 90 days.
American Express Blue Business CashTM Card Joins Our List
In late July, the issuer unveiled the American Express Blue Business CashTM Card as a replacement for the American Express SimplyCash® Plus. This new card pays 2% cash back on all spending up to $50,000 annually, then 1% thereafter. It charges no annual fee. It also offers no introductory rewards, which makes this card less appealing than it could be.
How We Evaluated the Best Credit Cards for Self-employed Workers
Credit cards for self-employed and independent contractors offer solopreneurs access to inexpensive credit to help build their small business. All of the cards on our list charge no annual fee while the top cards offer no-interest introductory periods of 12 months or longer and ongoing APRs of 15% or less.
We considered the following criteria in determining the best small business credit cards for self-employed workers:
- Introductory APR: Whether the card offers self-employed workers a period of no-interest financing on purchases or balance transfers; the best 0% APR business credit cards offer an introductory period of nine to 15 months
- Ongoing APR: How much financing business credit cards for self-employed workers costs; the cards on our list offer ongoing APRs starting at less than 12%
- Annual fee: How much you’ll pay each year to own a card; none of the cards on our list charges an annual fee
- Balance transfer fee: How much you’ll be charged for transferring a balance from another credit card; the cards on our list charge fees of 0% to 5% of the transfer
- Introductory rewards: What you’ll earn for reaching minimum spending requirements within several months of card ownership; cards on this list offer rewards worth as much as $500 after you spend $3,000 within three months of account opening
- Ongoing rewards: The points or cash back you’ll earn by using your business card; cards on our list offer either a flat rate on all spending up to 2 points per dollar spent or tiered rewards worth up to 5% cash back on specific bonus categories
- Additional benefits: Whether the card comes with free perks that may increase its value, like rental car insurance and extended warranty protection
You’ll need a good personal credit score of 670 or better to qualify for these small business credit cards, but you don’t have to be incorporated. If your credit score is between 580 and 669, you may want to consider a business card for fair credit. Owners with scores below 580 will need to apply for a secured business credit card.
How to Qualify for a Business Credit Card
Most, but not all, of the cards on our list are small business credit cards. If you’re self-employed or an independent contractor, you can qualify for a credit card. Even if you sell items on the side on Amazon, eBay, or Etsy, that’s enough to qualify in the eyes of issuers. If you don’t have a tax identification number (TIN) or employee identification number (EIN), you can apply using your Social Security number.
We’ve researched dozens of small business credit cards to find the ones best suited for independent contractors, freelancers, and self-employed workers. Our pick for the best credit card for self-employed workers is the Chase Ink Business CashSM card. It offers a long 0% introductory APR period on purchases and excellent introductory and ongoing rewards.
Chase Ink Business CashSM: Overall Best Credit Card for Self-employed Workers
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 | 15.24% - 21.24% Variable | $0 | Good - Excellent |
On Chase's Secure Website
Chase Ink Business CashSM 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 15.24%.
Chase Ink Business CashSM Costs
Financing costs and fees on the Chase Ink Business CashSM include:
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 15.24% to 21.24% 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 CashSM 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 CashSM Rewards
This 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 CashSM offers $500 cash back after you spend $3,000 within your first three months. Chase Ink Business UnlimitedSM 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
You’ll earn the following cash back rewards when using your card:
- 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.
How to Redeem Rewards
You can redeem your rewards for cash back, gift cards, and travel through the Chase online travel portal. Redemption value for all three options is 1 cent per point. When redeeming for cash, you can receive a statement credit or a deposit into an eligible checking or savings account from a United States-based bank or credit union.
You can increase the redemption value when you transfer rewards to another Chase card you own that’s part of the issuer’s Ultimate Rewards program. If, for example, you transfer Chase Ink Cash rewards to your Chase Ink Business PreferredSM card, each point is worth 1.25 cents when redeemed for travel.
Chase Ink Business CashSM Additional Features
If you rent cars frequently for business, the protection this card offers may prove beneficial, along with other purchase insurance:
- 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
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 UnlimitedSM and U.S. Bank Cash+ Visa Signature also offer free rental insurance.
What Chase Ink Business CashSM Is Missing
Self-employed workers who have travel expenses won’t benefit from the Chase Ink Business CashSM 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.
Chase Ink Business CashSM Reviews
We considered both user reviews and our own editorial review when rating this card. Chase Ink Business CashSM reviews typically are very positive. The card earns high marks from users for its introductory and ongoing rewards. Some reviews suggest the card could add more bonus categories, especially covering travel purchases.
User Reviews
We found numerous user reviews for this card, applauding how the rewards are tailored for their business spending. Users also like that there’s no annual fee. Some say the ongoing APR is too high. On the low end of the range, this card’s APR is a bit better than average. The upper end of the range is also about 3 percentage points lower than some cards charge.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Chase Ink Business CashSM is one of the best small business credit cards. We especially like these three attributes: introductory rewards, ongoing rewards, and a lengthy 0% introductory APR offer. This card could improve by adding travel rewards.
Where to Apply for Chase Ink Business CashSM
Apply for the Chase Ink Business CashSM online by filling out a basic application. Be prepared to provide both business and personal information. You may be approved instantly. If you are, expect to receive your card in the mail within seven to 10 days.
U.S. Bank Business Cash Rewards World Elite™ Mastercard®: Best for 0% APR for 15 Billing Cycles
U.S. Bank Business Cash Rewards World Elite™ MasterCard®
- Earn a new cardmember bonus of $500 after you spend $4,500 in eligible net purchases on your card within the first 150 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 15 billing cycles. After that variable APR currently 14.24% - 25.24%*
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% | 14.24% - 25.24% Variable | $0 | Excellent |
On US Bank's Secure Website
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
Financing costs and fees on the U.S. Bank Business Cash Rewards World Elite™ Mastercard® include:
- Introductory APR: 0% on purchases and balance transfers for the first 15 billing cycles
- Ongoing APR: 14.24% to 25.24%, 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 CashSM 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
You’ll earn the following ongoing rewards when using your card:
- 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 CashSM. 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.
How to Redeem Rewards
You can redeem your rewards for cash back, as a statement credit, or in the form of a debit card. If you choose the debit card, the bank will issue you a U.S. Bank Rewards Mastercard Card. Cash redemptions will be deposited into your U.S. Bank business checking, savings, or money market account. No other card on our list offers redemption in the form of a debit card.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Additional Features
This U.S. Bank business credit card offers several free perks as part of its benefits package, including car rental insurance, extended warranty coverage, and purchase security, which protects purchases against theft and damage for 90 days.
The following benefits are included on your card:
- 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 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 UnlimitedSM offer.
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 CashSM card, for example, offers ongoing rewards of up to 5% on office supply spending.
U.S. Bank Business Cash Rewards World Elite™ Mastercard® Reviews
We considered both user reviews and our own editorial review when rating this card. U.S. Bank Business Cash Rewards World Elite™ Mastercard® reviews are generally positive. Users like the ease with which you can redeem rewards. The introductory APR on purchases and balance transfers is best in class. Ongoing APR is slightly higher than the best cards on our list.
User Reviews
Users say they are happy with the card’s ongoing rewards and the ease with which awards can be redeemed. Unfavorable reviews suggest this card doesn’t offer the same level of benefits as its competitors.
Editorial Reviews
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers an excellent ongoing bonus to inspire loyalty. You can earn an annual bonus equal to 25% of your prior year’s cash rewards, up to $250. We also like the cash back rewards on cellphone purchases and service. However, we’d love to see higher ongoing category rewards.
How to Apply for U.S. Bank Business Cash Rewards World Elite™ Mastercard®
You can apply online for the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. Fill out a basic application containing both business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days.
American Express Blue Business CashTM Card: Best for Fixed-rate Cash Back and No Annual Fee
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, 15.24%, 18.24%, or 21.24%, 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 | 15.24% - 21.24% Variable | No annual fee | Good, Excellent |
on American Express® Blue Business Cash Card's secure website.
American Express Blue Business CashTM 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 15.24%, which is a percentage point or more below average.
American Express Blue Business CashTM Card Costs
Financing costs and fees on the American Express Blue Business CashTM Card include:
- Introductory APR: 0% for 12 months on purchases and balance transfers
- Ongoing APR: 15.24% to 21.24% 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 CashTM Card Rewards
The American Express Blue Business CashTM 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
The American Express Blue Business CashTM Card offers ongoing rewards points, including:
- 2% cash back on all purchases up to $50,000 each year.
- 1% cash back on all additional purchases.
Chase Ink Business UnlimitedSM 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.
How to Redeem Rewards
Cardholders will receive a rebate as a statement credit for any eligible purchases on their American Express Blue Business CashTM Card. The rebate they receive is based on the percentage of eligible purchases made during a billing period and will appear on the second billing statement after the billing statement where those purchases appear. For example, if you earn rewards in April, you will see a statement credit on your June bill.
American Express Blue Business CashTM Card Additional Features
The American Express Blue Business CashTM Card comes with some fairly robust protections against loss and damage, including:
- 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 CashSM offers, although Chase only offers coverage extensions on warranties of three years or less.
What the American Express Blue Business CashTM 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 CashTM Card Reviews
American Express introduced this card in July 2019, so there aren’t any user reviews yet. It replaces the American Express SimplyCash® Plus card in the issuer’s lineup. We liked that card because it offered excellent rewards on office supply and internet spending. Although this card is better for everyday spending, we miss the bonus rewards its predecessor offer. This new card doesn’t offer a sign-up bonus, which is a real turn off.
How to Apply for American Express Blue Business CashTM Card
You can fill out an online form to apply for the American Express Blue Business CashTM Card on American Express’ website, and you could receive a decision in as little as 30 seconds. Once approved, your card will arrive in the mail within seven to 10 days.
American Express Blue Business® Plus: Best for Fixed-rate Points and No Annual Fee
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, 15.24%, 18.24% or 21.24%, 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 | 15.24% - 21.24% Variable | No annual fee | Good, Excellent |
on The Blue Business® Plus Credit Card from American Express's secure website.
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 15.24%.
American Express Blue Business® Plus Costs
Financing costs and fees on the American Express Blue Business® Plus include:
- Introductory APR: 0% for 12 months on purchases and balance transfers
- Ongoing APR: 15.24% to 21.24% 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
You’ll earn the following ongoing rewards with the American Express Blue Business® Plus:
- 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.
How to Redeem Rewards
You can redeem Membership Rewards points in seven different ways:
- For your charges: Use your points for your eligible charges on your current statement. You must have at least 1,000 available points in your account.
- Travel: Use points to book travel on American Express Travel; minimum redemption is 5,000 points.
- Gift cards: Purchase American Express gift cards through amexgiftcard.com.
- Amazon.com: To use points at Amazon, you must first load your card into your Amazon account and use your card at least once.
- Ticketmaster: You can redeem your points on Ticketmaster to purchase event tickets. The minimum redemption is 2,000 points.
- AXS: You can redeem your points on AXS to purchase event tickets. The minimum redemption is 2,000 points.
- Taxi fares: Redeem your points for fares—including tips—in certain taxis in New York City.
American Express Blue Business® Plus Additional Features
The American Express Blue Business® Plus comes with several additional features, including:
- 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.
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 CashSM 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%.
American Express Blue Business® Plus Reviews
We considered both user reviews and our own editorial review when rating this card. American Express Blue Business® Plus reviews are generally positive as owners say they enjoy earning fixed-rate rewards on all spending. Both the card’s points-based rewards system and its lengthy 0% introductory also offer draw praise.
User Reviews
We found numerous online reviews from users who own this card. Owners say the card provides good value as you’ll earn 2 points per dollar on all spending. Some cardholders say they were disappointed this card doesn’t offer introductory rewards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. The American Express Blue Business® Plus is one of the best business credit cards for owners who need to carry or transfer a balance. It offers 0% introductory APR for 12 months on purchases and balance transfers. That’s one of the longest introductory periods available on a small business credit card. This card isn’t as valuable as some others that offer bonus category rewards.
Where to Apply for the American Express Blue Business® Plus
Apply for the American Express Blue Business® Plus credit card online. If approved, the 12-month introductory APR period starts as soon as you receive your 0% business credit card.
Discover it® Cash Back: Best for Double Cash Rewards for the First Year
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% | 14.24% - 25.24% 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 14.24%.
Discover it® Cash Back Costs
Financing costs and fees on the Discover it® Cash Back include:
- Introductory APR: 0% introductory APR on purchases and balance transfers for 14 months
- Ongoing APR: 14.24% to 25.24% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: 3% of the amount transferred, available until September 10, 2019
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
Earn the following cash back rewards when using your card:
- 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 CashSM, 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%.
How to Redeem Rewards
You can redeem your cash back rewards as a credit to your balance, a deposit into a bank account, as a charitable donation, or to pay for items at select merchants—starting at a penny. Other cards, like the Bank of America® Business Advantage Travel Rewards World Mastercard®, will allow you to redeem rewards for travel.
Discover it® Cash Back Additional Features
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.
Discover it® Cash Back offers these 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
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.
Discover it® Cash Back Reviews
We considered both user reviews and editorial reviews when rating Discover it® Cash Back. Customers generally endorse the card’s rewards and ease of use. However, the rewards program does require cardholders to put in some effort. You must register your card to earn bonus rewards, and you’ll have to remember the $1,500 quarterly spending cap.
User Reviews
Online reviews for Discover it® Cash Back are very positive. Users say they enjoy the cash back rewards, low APRs, and hassle-free customer service. Some complain that Discover isn’t as widely accepted as Visa and that some stores like Walmart are restricted from the 5% category offers.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Discover it® Cash Back offers some fantastic first-year value with its pledge to double all of the cash back you earn. It also offers the potential to haul in up to 5% cash back after the first year. However, we don’t like that you have to register your card to earn the quarterly bonus rewards.
Where to Apply for Discover it® Cash Back
Apply online directly with Discover for the Discover it® Cash Back card. You may get an instant response, and your card should arrive in the mail within seven to 10 business days.
Chase Ink Business UnlimitedSM: Best Introductory Rewards on a Fixed-rate Credit Card
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 | 15.24% - 21.24% Variable | $0 | Good - Excellent |
On Chase's Secure Website
Chase Ink Business UnlimitedSM 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 15.24%, which is the same as what the American Express Blue Business® Plus offers.
Chase Ink Business UnlimitedSM Costs
Financing costs and fees on the Chase Ink Business UnlimitedSM include:
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 15.24% to 21.24% 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 UnlimitedSM 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 UnlimitedSM 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 CashSM.
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.
How to Redeem Rewards
You can redeem your rewards for cash back, gift cards and travel through the Chase online travel portal. When redeeming for cash, you can receive a statement credit or a deposit into an eligible checking or savings account from a U.S.-based bank or credit union.
You also can increase your redemption value when you transfer rewards to another Chase card you own that’s part of the Ultimate Rewards program. If, for example, you transfer Chase Ink Business UnlimitedSM rewards to your Chase Ink Business PreferredSM card, each point is worth 1.25 cents per point when redeemed for travel.
Chase Ink Business UnlimitedSM Additional Features
Chase Ink Business UnlimitedSM offers several protections, including:
- 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.
What Chase Ink Business UnlimitedSM Is Missing
The fixed-rate cash back rewards rate Chase Ink Business UnlimitedSM offers is lower than other cards offer in bonus categories, like the Chase Ink Business CashSM. 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.
Chase Ink Business UnlimitedSM Reviews
We considered both user reviews and our own editorial review when rating this card. Chase Ink Business UnlimitedSM reviews are excellent, although not as positive as reviews for Chase Ink Business CashSM. Because it offers 1.5% cash back on all purchases, this Chase small business card probably shouldn’t be your go-to card for all spending.
User Reviews
Users like the 12-month introductory APR as well as the strong introductory rewards, but say the ongoing rewards aren’t competitive with other cards that offer fixed-rate rewards. Indeed, the American Express Blue Business® Plus pays 2 points per dollar on all spending up to $50,000 annually.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Chase Ink Business UnlimitedSM offers excellent introductory rewards for a small business credit card that charges no annual fee. Its ongoing rewards are weaker than other cards, but if you use this card strategically, you can earn above-average rewards for everyday spending not covered by other cards’ bonus categories.
How to Apply for Chase Ink Business UnlimitedSM
You can apply for the Chase Ink Business UnlimitedSM business card directly through Chase’s website. Once you apply, you can get an approval decision in just a few minutes. You should receive your card within seven to 10 days.
Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for Travel Rewards
Apply Nowon 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 a 75% rewards bonus on the base earn of every purchase you make when you’re a Business Advantage Relationship Rewards Platinum Honors tier client. 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 | 13.24% - 23.24% 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 13.24%.
Bank of America® Business Advantage Travel Rewards World Mastercard® Costs
Financing costs and fees on the Bank of America® Business Advantage Travel Rewards World Mastercard® include:
- Introductory APR: 0% on purchases for nine billing cycles
- Ongoing APR: 13.24% to 23.24% APR 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 Visa® 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 CashSM, which offers $500 cash back after spending $3,000 within the first three months.
Ongoing Rewards
You’ll earn points as you use the card for the following purchases:
- 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 UnlimitedSM 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.
How to Redeem Rewards
You can redeem your points for travel, travel credits, and cash. Redeeming your points for cash means you’ll accept the rewards as a deposit into your Bank of America checking or savings account as a card statement credit or via check. You must redeem points for travel credit, meaning something you already paid for with your card, within 12 months of purchase.
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.
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 CashSM 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 CashSM card.
Bank of America® Business Advantage Travel Rewards World Mastercard® Reviews
We considered both user reviews and our own editorial review when rating this card. Bank of America® Business Advantage Travel Rewards World Mastercard® reviews are generally very positive. This card offers good value and charges no annual fee. However, it also lacks many of the benefits—like airport lounge access—offered by travel rewards cards that charge an annual fee.
User Reviews
Cardholders enjoy the rewards they can earn with the card but note that rewards aren’t as high as those provided some other travel credit cards, like the American Express Business Platinum Card®, which pays 5x points on airfare and hotels. The American Express card charges a $595 annual fee, which is the primary reason why this card isn’t included on our list.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this Bank of America business card call this a solid choice for business owners looking for their first travel rewards card. It’s also ideal for owners leery of paying annual fees. But this card can’t compete with other travel rewards credit cards when it comes to card benefits.
How to Apply for the Bank of America® Business Advantage Travel Rewards World Mastercard®
You can apply for the Bank of America® Business Advantage Travel Rewards World Mastercard® by filling out a basic online application and potentially getting instant approval. The entire process can be completed within a matter of a few minutes, and you’ll receive your card within seven to 10 days.
Bank of America® Business Advantage Cash Rewards Mastercard®: Best for Gas Rewards
Apply Nowon 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, no cap on the amount of cash rewards you can earn and they 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 a 75% rewards bonus on every purchase when you're a Business Advantage Relationship Rewards Platinum Honors tier client. 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 | 14.24% - 24.24% 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 14.24%.
Bank of America® Business Advantage Cash Rewards Mastercard® Costs
Financing costs and fees on the Bank of America® Business Advantage Cash Rewards Mastercard® include:
- Introductory APR: 0% for nine billing cycles on purchases
- Ongoing APR: 14.24% to 24.24% 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 CashSM offers the best introductory offer, $500 after you spend $3,000 within the first three months of account opening.
Ongoing Rewards
Earn the following ongoing rewards when using your card:
- 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 CashSM 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®.
How to Redeem Rewards
You can redeem your cash back as a deposit into your Bank of America checking or savings account as a card statement credit or via check. You can redeem rewards at any time, and there is no annual cap on rewards redemption.
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 CashSM card offer additional benefits like purchase protection and car rental insurance.
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 CashSM at 5%. The introductory bonus is the lowest among the cards on our list that offer a welcome bonus.
Bank of America® Business Advantage Cash Rewards Mastercard® Reviews
We considered both user reviews and our own editorial review when rating this card. Bank of America® Business Advantage Cash Rewards Mastercard® reviews generally are mixed. This card is inexpensive to own, but the low APR and lack of an annual fee do come with a cost. Rewards and benefits aren’t as good on this Bank of America business card as on other cards.
User Reviews
Bank of America® Business Advantage Cash Rewards Mastercard® users like the introductory 0% APR, the lack of an annual fee, and the ability to earn up to 3% ongoing cash rewards. However, some complain the introductory rewards aren’t as high as other cards offer.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews find the Bank of America® Business Advantage Cash Rewards Mastercard® to be a decent card, but not among the top-tier small business credit cards. It offers good, but not great, ongoing rewards and good, but not great, introductory rewards.
Where to Apply for the Bank of America® Business Advantage Cash Rewards Mastercard®
Apply for the Bank of America® Business Advantage Cash Rewards Mastercard® online directly with Bank of America. The application takes five to 10 minutes to complete, and you should get a response quickly. New cards are typically received within two weeks.
U.S. Bank Cash+™ Visa Signature® Card: Best for Flexible Rewards
U.S. Bank Business Cash Rewards World Elite™ MasterCard®
- Earn a new cardmember bonus of $500 after you spend $4,500 in eligible net purchases on your card within the first 150 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 15 billing cycles. After that variable APR currently 14.24% - 25.24%*
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% | 14.24% - 25.24% Variable | $0 | 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 15.99%, which is among the highest APRs on our list.
U.S. Bank Cash+™ Visa Signature® Card Costs
Financing costs and fees on the U.S. Bank Cash+™ Visa Signature® Card include:
- 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 15.99% to 25.49% 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
Earn the following 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 CashSM and the Bank of America® Business Advantage Cash Rewards Mastercard®, offer dining or wireless service rewards.
How to Redeem Rewards
You may redeem your cash back in the form of a statement credit or a deposit into your U.S. Bank savings, checking or money market account. You may also redeem your rewards in the form of a U.S. Bank rewards card. That option requires a minimum $20 redemption.
U.S. Bank Cash+™ Visa Signature® Card Additional Features
US Bank offers several fairly standard benefits you’ll find on many other credit cards, including:
- 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 CashSM and Chase Ink Business UnlimitedSM. 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 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.
U.S. Bank Cash+™ Visa Signature® Card Reviews
We considered both user reviews and editorial reviews when rating the U.S. Bank Cash+™ Visa Signature® Card. This is a nice card to have in your wallet if your spending needs change from one quarter to the next. Still, you’ll need to be proactive in registering your bonus categories, which may be more than some business owners want to take on.
User Reviews
Online user reviews are mostly positive. Cardholders say they enjoy being able to pick the 5% rewards categories and have found customer service to be responsive. Some users complain about having to choose bonus categories each quarter, especially if they want the same categories from one quarter to the next.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. The U.S. Bank Cash+™ Visa Signature® Card is a personal credit card that may be well suited for self-employed workers or someone just getting started out in their business. It’s flexible, and we think that’s important for very small businesses. However, since this is a personal card, you won’t be able to build your business credit.
How to Apply for U.S. Bank Cash+™ Visa Signature® Card
Apply for U.S. Bank Cash+™ Visa Signature® Card directly on the issuer’s website. You may be approved instantly. Your new card will be delivered within seven to 10 business days.
Chase Slate®: Best for No-fee Balance Transfers
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 | 16.99%–25.74% Variable | $0 | Good - Excellent |
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 16.99% is higher than other cards on our list offer.
Chase Slate® Costs
Financing costs and fees on Chase Slate® include:
- Introductory APR: 0% for 15 months on purchases and balance transfers
- Ongoing APR: 16.99% to 25.74%, 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
For a card that offers few frills, the features are good. You’ll get:
- 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 CashSM 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.
Chase Slate® Reviews
We considered both user reviews and editorial reviews when rating this personal credit card. Chase Slate® earns average online reviews among users, who say the ongoing APR is too high for a card that is supposed to save you money on interest payments. However, the lengthy introductory 0% APR offer is better than any of the small business credit cards on our list.
User Reviews
We found numerous online comments regarding this card when we searched for user reviews. Some users complain about getting rejected for the card despite having an above-average credit score. Others say the APR is too high, particularly for someone with a prime credit rating.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Chase Slate® isn’t a small business credit card, but rather a personal card. However, it could prove more valuable in the short run than most 0% business credit cards. Its introductory no-interest offer is better than any other card on our list offers. Still, after the interest-free period expires, this card will have little remaining value.
Where to Apply for Chase Slate®
Apply for Chase Slate® online at the issuer’s website. You may learn of your approval instantly and receive your card in the mail within seven to 10 business days.
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.
Bank of America® Platinum Visa® Business: Best for the Lowest APR
Bank of America® Platinum Visa® Business credit 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 | 11.24% - 22.24% Variable APR on purchases | $0.00 | Excellent |
on Bank of America® Platinum Visa® Business credit card's secure website.
Bank of America® Platinum Visa® Business offers the lowest ongoing APR range among the cards on our list—11.24% to 22.24%—and charges no annual fee, making it an ideal choice for owners who frequently carry a balance. However, you’ll earn no ongoing rewards. If you pay your credit card bill in full every month, this isn’t the right card for you.
Bank of America® Platinum Visa® Business Costs
Financing costs and fees on the Bank of America® Platinum Visa® card include:
- Introductory APR: 0% APR on purchases for seven billing cycles
- Ongoing APR: 11.24% to 22.24% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: $10 or 4% of the balance transferred, whichever is greater
This card offers no introductory 0% financing on balance transfers and charges an above-average balance transfer fee. Choose this card only if you need access to cheap ongoing financing. There are several better options on our list for introductory purchases and balance transfers, including Chase Slate ®.
Bank of America® Platinum Visa® Business Rewards
The Bank of America® Platinum Visa® Business card offers introductory rewards, but the card lacks a strong ongoing rewards program. The $300 introductory bonus is quite low when compared with other cards on this list.
Introductory Rewards
You’ll receive a $300 statement credit after you make at least $3,000 in net purchases in the first 90 days your account is open.
Ongoing Rewards
The Bank of America® Platinum Visa® Business card doesn’t offer a rewards program as an opportunity to earn either points or cash back. It is the only card on our list that doesn’t offer ongoing rewards.
Bank of America® Platinum Visa® Business Additional Features
This card doesn’t offer many additional bells and whistles, especially when compared with some of the other best credit cards for new business on our list. The only additional feature worth noting is travel accident insurance, which is also available on the Bank of America® Business Advantage Travel Rewards World Mastercard®. You will receive up to $100,000 in travel accident insurance, which covers you in case of loss of life or dismemberment.
What Bank of America® Platinum Visa® Business Is Missing
Bank of America® Platinum Visa® is the only card on our list that doesn’t offer ongoing rewards. But this is an affordable card if you plan to carry a balance because it offers the lowest APR range among the best small business credit cards. If you want a lower APR and want to earn ongoing rewards, consider the Bank of America® Business Advantage Cash Rewards Mastercard®.
Bank of America® Platinum Visa® Business Reviews
We considered both user reviews and our own editorial review when rating this card. Bank of America® Platinum Visa® Business card reviews are mixed. While both user and editorial reviews recognize the card’s chief benefit—a low APR—there’s no other real upside to this card. Its rewards are below average as are its benefits.
User Reviews
Users love the lack of an annual fee, low APR, and relatively low qualification requirements. However, many wish the card gave them the chance to earn higher introductory or ongoing rewards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this Bank of America business card give the card credit for what it is: an excellent low APR credit card. It’s a solid pick for business owners concerned primarily about the cost of financing business debt. However, reviewers don’t find much else to applaud in this card.
How to Apply for Bank of America® Platinum Visa® Business
You can apply online for a Bank of America® Platinum Visa® Business card. Once you fill out the application form with your basic personal and business information, you’ll typically get instant approval or rejection. Once approved, you’ll receive a card in the mail within seven to 10 days.
Bottom Line
The best credit cards for self-employed workers help those workers keep more money in their pockets. The cards charge no annual fee, have low ongoing APRs, and offer introductory interest-free financing on purchases and balance transfers for nine months or more. The top cards offer introductory rewards of up to $500 and ongoing rewards of 5%.
For rates and fees on the American Express Blue Business Cash™ Card, please click here.
For rates and fees on the American Express Blue Business® Plus, please click here.
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Disclaimer: Reviews on FitSmallBusiness.com are the product of independent research by our writers, researchers, and editorial team. User reviews and comments are contributions from independent users not affiliated with FitSmallBusiness.com's editorial team. Banks, issuers, credit card companies, and other product & service providers are not responsible for any content posted on FitSmallBusiness.com. As such, they do not endorse or guarantee any posted comments or reviews.
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