8 Best Sole Proprietorship Business Credit Cards 2019

The best sole proprietorship business credit cards charge no annual fees, offer introductory rewards up to $500, and pay up to 5% cash back. Some of these credit cards for sole proprietorship businesses even offer introductory no-interest financing on purchases or balance transfers for up to 15 months.

Top 8 Best Sole Proprietorship Business Credit Cards July 2019

What’s Changed With the Best Credit Cards for Sole Proprietorship Owners

This article was originally published in June 2019. We update our business credit cards for sole proprietorships ranking often because issuers frequently change important card features, such as the introductory APRs and rewards. The most recent changes to the best sole proprietorship credit cards include the addition of a small business credit card to our list.

The changes to our list of the best sole proprietorship business credit cards are:

We Added a U.S. Bank Credit Card to Our List

In this update, we included the U.S. Bank Business Platinum Card, which is best for sole proprietors who want low introductory and ongoing APRs. It charges no interest for 12 billing cycles on purchases and balance transfers, and its ongoing APR starts at 12.24%. This card does not have a rewards program, so it’s primarily meant for business owners who want to limit the cost of carrying a balance.

Applying for a Sole Proprietorship Business Credit Card

With sole proprietorships, there’s no legal distinction between you—the owner—and your business. This means that you’re entitled to all the profits and all the potential losses or debts. As a sole proprietorship, you can apply for a business credit card with an Employer Identification Number (EIN) or your Social Security number (SSN). You’ll still need to provide a personal guarantee. However, there are some business credit cards without personal guarantees.

How We Evaluated the Best Sole Proprietorship Business Credit Cards

Business credit cards for sole proprietorship businesses offer a variety of sign-up bonuses, ongoing rewards, a range of APRs, and low annual fees. The best sole proprietorship business credit card for you is one that offers you the best mix of rewards and benefits that can help your business.

In our evaluation of the best sole proprietorship business credit cards, we considered:

• Introductory rewards: The introductory offer you can earn by meeting a minimum spending requirement. Credit cards on our list have sign-up bonuses worth up to $500.
• Ongoing rewards: The ongoing rewards you’ll earn for your everyday purchases. Cards on this list offer rewards worth up to 5% of the purchase price.
• Introductory APR: Whether a card offers an introductory 0% APR period on purchases or balance transfers. The best cards on our list offer introductory no-interest financing for up to 15 months.
• Ongoing APR: How much it costs to finance purchases or balance transfers on the card. Cards on our list have ongoing APRs starting at 12.24%.
• Additional features: Any free additional perks that increase the card’s value. Most cards on our list offer perks, including purchase protection and extended warranty protection.
• Annual fee: How much it costs to own the card annually. We only considered cards with no annual fees because we know many sole proprietors are looking to save as many business fees as possible.

Most small business credit cards evaluate both your business credit and personal credit. What’s more, small business credit cards typically require a personal credit score of at least 670. In our list, we also include one business credit card for fair credit for business owners with personal credit scores between 580 and 669. You can compare the best sole proprietorship business credit cards in our credit card marketplace.

We recommend Chase Ink Business Cash^SM as the best sole proprietorship business credit card. It charges no annual fee and pays up to 5% cash back on purchases. You’ll receive no-interest financing for the first 12 months on purchases. Plus, you can earn $500 after you spend $3,000 within the first three months.

Chase Ink Business Cash^SM: Overall Best Sole Proprietorship Business Credit Card

Chase Ink Business Cash^SM is the overall best sole proprietorship business credit card because it charges no annual fee and offers ongoing rewards worth up to 5% cash back. It also offers a $500 bonus after spending $3,000 within the first three months. Additionally, you’ll receive interest-free financing on purchases for 12 months. Ongoing APR starts at 15.49%.

Chase Ink Business Cash^SM Costs

Chase Ink Business Cash^SM charges no annual fee and no interest for 12 months on purchases. Once the introductory period ends, its ongoing APR starts at 15.49%.

Financing costs and fees on the Chase Ink Business Cash^SM credit card include:

• Introductory APR: 0% APR for 12 months on purchases
• Ongoing APR: 15.49% to 21.49% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: $5 or 5% of the transfer, whichever is greater

Chase Ink Business Cash^SM is one of the best business credit cards with no annual fee. However, there are other cards on our list that offer a better introductory APR. For example, American Express Blue Business^SM Plus offers an introductory 0% APR period for 12 months on both purchases and balance transfers.

Chase Ink Business Cash^SM Rewards

Chase Ink Business Cash^SM offers a $500 bonus after you spend $3,000 within the first three months. Plus, you’ll earn up to 5% cash back on your everyday purchases.

Introductory Rewards

You’ll earn $500 cash back after spending $3,000 within the first three months after account opening. This introductory reward is one of the best on our list, and it’s identical to Chase Ink Business Unlimited^SM.

Ongoing Rewards

You will earn the following ongoing 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% afterward.
• 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, then 1% afterward.
• 1% cash back on all other purchases.

Chase Ink Business Cash^SM offers cash-back rewards of up to 5%, which makes it one of the strongest cash-back business credit cards. Only one other card on our list offers better gas rewards. The Bank of America® Business Advantage Cash Rewards Mastercard® pays 3% cash back on gas purchases.

How to Redeem Rewards

You can redeem your rewards for cash back, gift cards, and travel through Chase’s online travel rewards portal. Redemption value for each option is one cent per point, which is common across cash-back business credit cards. If you choose cash back, you can receive a statement credit or deposit the rewards into an eligible bank account from a U.S.-based bank or credit union.

Chase Ink Business Cash^SM Additional Features

Chase Ink Business Cash^SM offers additional features similar to most business credit cards, which include car rental insurance, purchase protection, and extended warranty protection.

Chase Ink Business Cash^SM comes with the following additional features:

• Auto rental collision damage waiver: Chase provides primary coverage when you rent a car for business purposes, which replaces your personal insurance and the rental company’s insurance. Chase will reimburse you up to the actual cash value of the vehicle for theft and collision damage.
• Purchase protection: Provides coverage against damage or theft for the first 120 days after purchase. This coverage is limited to $10,000 per claim and $50,000 per year.
• Extended warranty protection: Provides an additional year of warranty on U.S. manufacturers’ warranties of three years or less.

These additional card perks are similar to what other cards on our list offer. Most business credit cards with no annual fee don’t offer luxury travel perks, such as airport lounge access. If you want a benefit like that, you’ll need to pay an annual fee for a business credit card with lounge access.

What Chase Ink Business Cash^SM Is Missing

Chase Ink Business Cash^SM caps both of its 5% and 2% reward spending categories at $25,000 per year. This limit may be too low for some sole proprietors. If your business spends more than $25,000 annually in these categories, it’s best to look for an alternative. For example, American Express Blue Business^SM Plus pays 2x points on all spending up to $50,000 annually.

Chase Ink Business Cash^SM Reviews

We considered both user reviews and our own editorial review when rating this card. Chase Ink Business Cash^SM reviews are very positive. Cardholders love the strong cash-back rewards and the lack of an annual fee.

User Reviews

Online user reviews are mostly positive. Cardholders especially enjoy the card’s no annual fee and strong cash-back rewards. However, some cardholders think the ongoing APR is too high. However, the low end of the APR range is better than the average on small business credit cards, which is about 17%.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. We rank this Chase Ink business credit card as one of the best business credit cards. Its business-oriented cash-back rewards, sign-up bonus, and 0% APR make it stand out over other cards we’ve reviewed. However, this could be a stronger card if it offered travel rewards.

How to Apply for the Chase Ink Business Cash^SM

You can apply for Chase Ink Business Cash^SM online by filling out a basic application with your 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

Apply Now

Chase Ink Business Unlimited^SM: Best for Fixed-rate Cash Back & No Annual Fee

Chase Ink Business Unlimited^SM is best for sole proprietors who don’t want to take the time to track category rewards or pay an annual fee. This card offers fixed-rate 1.5% cash back on all spending. Additionally, it offers an introductory reward of $500 after spending $3,000 within three months. Similar to Chase Ink Business Cash^SM, you’ll receive an introductory 0% APR period for 12 months on purchases. Ongoing APR starts at 15.49%.

Chase Ink Business Unlimited^SM Costs

Chase Ink Business Unlimited^SM has identical costs and fees compared to Chase Ink Business Cash^SM. It charges no annual fee and no interest for 12 months on purchases.

Financing costs and fees on the Chase Ink Business Unlimited^SM credit card include:

• Introductory APR: 0% APR for 12 months on purchases
• Ongoing APR: 15.49% to 21.49% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: $5 or 5% of the transfer, whichever is greater

If you’re looking to transfer a balance, this card is not right for you. It doesn’t offer an introductory APR on balance transfers and has a high balance transfer fee. Instead, consider a balance transfer business credit card like American Express Blue Business^SM Plus. That card offers no-interest financing for 12 months on both purchases and balance transfers. Plus, its balance transfer fee is 3%.

Chase Ink Business Unlimited^SM Rewards

Chase Ink Business Unlimited^SM pays a fixed rate of 1.5% cash back on all spending. Additionally, you can earn a $500 cash bonus after spending $3,000 within the first three months. This is one of the best introductory rewards on our list, alongside Chase Ink Business Cash^SM.

Introductory Rewards

You will earn $500 cash back after you spend $3,000 in the first three months. This is the same sign-up bonus that’s offered on Chase Ink Business Cash^SM. If you want to earn a larger introductory offer, you would need to consider a small business credit card with an annual fee. You can shop and compare the best credit cards in our credit card marketplace.

Ongoing Rewards

You will earn unlimited 1.5% cash back on all purchases, which makes it a great credit card for startup businesses that don’t want to track category rewards. If you want to earn better fixed-rate rewards, consider the Discover it® Business Card. That card pays the same 1.5% cash back, but Discover will match—or double—your rewards over the first year. That means you can earn 3% cash back over the first 12 months.

How to Redeem Rewards

Chase rewards are redeemable as cash back, gift cards, or travel through the Chase’s online travel portal. Each point is worth one cent, which is similar to most cash-back credit cards. If you redeem your rewards as cash back, you have the option to receive a statement credit or deposit the rewards into an eligible bank account from a U.S.-based bank or credit union.

Chase Ink Business Unlimited^SM Additional Features

Chase Ink Business Unlimited^SM offers the same additional features as Chase Ink Business Cash^SM, such as car rental insurance, purchase protection, and extended warranty protection.

Chase Ink Business Unlimited^SM comes with the following additional features:

• Auto rental collision damage waiver: Primary coverage when using a rental vehicle for business purposes, which means it replaces any coverage the rental company or your personal insurance offers. Chase may reimburse up to the actual cash value of the vehicle for theft and collision damage.
• Purchase protection: Covers purchased items within 120 days of purchase against damage or theft. Coverage is limited to $10,000 per claim and $50,000 per year.
• Extended warranty protection: Offers an additional year of warranty on U.S. manufacturers’ warranties of three years or less.

Much like other cards on our list, these additional card features are common. However, some cards provide better coverage. For example, American Express Blue Business^SM Plus has an extended warranty protection plan that covers warranties of five years or less.

What Chase Ink Business Unlimited^SM Is Missing

Chase Ink Business Unlimited^SM offers a lower return rate compared to other fixed-rate small business credit cards. For example, American Express Blue Business^SM Plus pays 2x points on all purchases up to $50,000, then 1x points thereafter. If you spend less than $50,000 annually, choose the American Express business card.

Chase Ink Business Unlimited^SM Reviews

We considered both user reviews and our own editorial review when rating this card. Chase Ink Business Unlimited^SM card reviews are positive. However, Chase Ink Business Cash^SM outranks this card because of its stronger rewards.

User Reviews

Online user reviews suggest that Chase Ink Business Unlimited^SM cardholders love the introductory rewards and interest-free financing. However, some cardholders complain about the low rewards return rate. There are cash-back business credit cards that offer fixed-rate rewards up to 2%, but those cards charge annual fees.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. Chase Ink Business Unlimited^SM is a solid card option for sole proprietors who don’t want to deal with category rewards. Additionally, this card has no annual fee. Reviewers agree there are business credit cards that offer stronger rewards.

How to Apply for the Chase Ink Business Unlimited^SM

You can apply for Chase Ink Business Unlimited^SM online by providing your basic 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.

Apply Now

American Express Blue Business^SM Plus: Best for Interest-free Financing

American Express Blue Business^SM Plus is best for sole proprietors who want introductory interest-free financing for 12 months on both purchases and balance transfers. This card charges no annual fee and pays up to 2x points on all spending up to $50,000 annually. However, this is one of the few cards on our list that has no sign-up bonus. Ongoing APR starts at 15.49%.

American Express Blue Business^SM Plus Costs

American Express Blue Business^SM Plus charges no annual fee and no interest for 12 months on purchases and balance transfers. Its ongoing APR starts at 15.49%, which is identical to Chase Ink Business Unlimited^SM.

Financing costs and fees on the American Express Blue Business^SM Plus card include:

• Introductory APR: 0% for 12 months on purchases and balance transfers
• Ongoing APR: 15.49% to 21.49% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: $5 or 3% of the transfer, whichever is greater

This introductory 0% APR period is the best on our list. We also rank this card as one of the best 0% APR business credit cards.

American Express Blue Business^SM Plus Rewards

The American Express Blue Business^SM Plus credit card does not offer an introductory reward. However, you’ll earn 2x points on all spending up to $50,000 per year.

Introductory Rewards

American Express Blue Business^SM Plus does not offer any introductory rewards. Introductory rewards can be an excellent way to earn bonus cash for your sole proprietorship. If you want to earn introductory rewards, consider Chase Ink Business Cash^SM or Chase Ink Business Unlimited^SM. Both of those Chase Ink business credit cards offer $500 after spending $3,000 within the first three months.

Ongoing Rewards

With the American Express Blue Business^SM Plus card, you can earn:

• 2x points on all purchases up to $50,000 each year.
• 1x points on all additional purchases.

If you spend more than $50,000 annually, it may be best to consider a fixed-rate, cash-back card that offers unlimited rewards. For example, Chase Ink Business Unlimited^SM offers unlimited 1.5% cash-back rewards.

How to Redeem Rewards

There are seven ways to redeem your rewards:

• 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. The minimum redemption is 5,000 points.
• Gift cards: Purchase American Express gift cards
• 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. Minimum redemption is 2,000 points.
• AXS: You can redeem your points on AXS to purchase event tickets. Minimum redemption is 2,000 points.
• Taxi fares: Redeem your points for fares (including tips) in some taxis in New York City

American Express Blue Business^SM Plus offers the most rewards redemption options on our list. For example, Chase Ink Business Cash^SM does not give you the option to redeem your rewards for Amazon.com purchases or event tickets.

American Express Blue Business^SM Plus Additional Features

American Express Blue Business^SM Plus provides robust additional card features, such as purchase protection and extended warranty protection, which protections warranties of five years or less.

American Express Blue Business^SM Plus comes with the following additional features:

• Extended warranty protection: Provides up to an additional two years of coverage on original manufacturers’ warranties of five years or less. Coverage is limited to $10,000 per claim and $50,000 per year.
• Purchase protection: The issuer will repair, replace, or reimburse you for a purchased item that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per claim and $50,000 per year.

The American Express Blue Business^SM Plus credit card offers some of the best additional card features on our list. American Express business credit cards are known for their unbeatable card perks.

What American Express Blue Business^SM Plus Is Missing

American Express Blue Business^SM Plus is missing an introductory reward offer, which may be a turnoff for sole proprietors looking to maximize credit card rewards. If you want to earn an introductory reward, we recommend the Chase Ink Business Cash^SM credit card. That card has no annual fee and offers $500 after spending $3,000 within the first three months.

American Express Blue Business^SM Plus Reviews

We considered both user reviews and our own editorial review when rating this card. American Express Blue Business^SM Plus reviews are mixed. Sole proprietors suggest that its long interest-free financing period benefits the growth of their companies. However, the lack of a sign-up bonus is a drawback.

User Reviews

Online user reviews are mostly mixed. Most users say they enjoy the introductory 0% APR period and the card’s ongoing rewards. However, most users wish this card had an introductory reward offer they could capitalize on.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. American Express Blue Business^SM Plus is a solid pick for sole proprietors looking to save on interest. However, some business owners may not apply because there is no sign-up bonus.

How to Apply for the American Express Blue Business^SM Plus

You can apply for American Express Blue Business^SM Plus online in a matter of minutes. You’ll be required to fill out a basic application containing your business and personal information. Once approved, you’ll receive your card within seven to 10 days.

Apply Now

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

The Bank of America® Business Advantage Cash Rewards Mastercard® is best for sole proprietors who want to receive rewards for their gas purchases and pay no annual fee. This card pays 3% cash back on gas station spending—or one of five other spending categories. Plus, you can earn more rewards if you enroll in the Business Advantage Relationship Rewards program. Ongoing APR is between 14.49% and 24.49%.

Bank of America® Business Advantage Cash Rewards Mastercard® Costs

This Bank of America business credit card charges no annual fee and no interest for nine billing cycle on purchases.

Financing costs and fees on Bank of America® Business Advantage Cash Rewards Mastercard® include:

• Introductory APR: 0% for nine billing cycles on purchases
• Ongoing APR: 14.49% to 24.49% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: $10 or 4% of the transfer, whichever is greater

If your main concern in a credit card for sole proprietorship businesses is a balance transfer offer, it’s best to consider a different card on our list. Instead, choose American Express Blue Business^SM Plus. That card offers an introductory 0% APR period for 12 months on both purchases and balance transfers. Plus, its balance transfer fee is only 3% compared to 4%.

Bank of America® Business Advantage Cash Rewards Mastercard® Rewards

The Bank of America® Business Advantage Cash Rewards Mastercard® pays 3% cash back on one of six reward categories, including gas station purchases. You can also earn a $300 statement credit after spending $3,000 within the first three months. If you’d rather earn travel rewards, consider Bank of America® Business Advantage Travel Rewards World Mastercard®. We rank that card as one of the best travel business credit cards.

Introductory Rewards

You will earn a $300 statement credit after you spend at least $3,000 within the first 90 days. When you compare this to Chase Ink Business Cash^SM or Chase Ink Business Unlimited^SM, this sign-up bonus falls short. Both of those cards have introductory rewards of $500 after spending $3,000 within three months.

Ongoing Rewards

You’ll earn the following rewards when using your card:

• 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV and telecommunications services, wireless, computer services or business consulting services (for the first $50,000 in combined choice category or dining purchases each calendar year, 1% thereafter).
• 2% cash back at restaurants.
• 1% cash back on all other purchases.

With this card, you can earn reward bonuses by enrolling in the Business Advantage Relationship Rewards program. When you enroll, you can earn an additional 25% to 75% rewards bonus on every purchase. To earn the highest bonus rate (75%), you must have at least $100,000 in deposits or investments with the bank.

How to Redeem Rewards

You can redeem your Bank of America rewards as a deposit into your Bank of America checking or savings account, a statement credit, or a check. There is no annual cap on rewards redemption, and you can redeem them at any time. Other cash-back credit cards on our list, such as Chase Ink Business Cash^SM, offer more redemption options, including gift cards and travel.

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

Bank of America doesn’t disclose any details of the card’s additional features until you receive your guide to benefits that comes with your card. However, we do know you’ll receive up to $100,000 in travel accident insurance, which covers you in case of a loss of life or dismemberment. If you want to receive top-tier additional benefits, consider a card like the American Express Blue Business^SM Plus credit card.

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

There are other cards on our list that offer better introductory and ongoing rewards compared to this card. However, the main advantage of this card comes from having an existing Bank of America bank account and by enrolling in the Business Advantage Relationship Rewards program. If you don’t have an existing account and want a better rewards structure, consider Chase Ink Business Cash^SM.

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 are mostly mixed. This card has no annual fee and is beneficial for existing Bank of America customers. However, it only offers decent cash-back rewards.

User Reviews

Online user reviews are mostly mixed. Cardholders love that they don’t have to pay an annual fee and the flexibility to choose the 3% cash back spending category. However, some users complain about the low introductory reward when compared to other business credit cards.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviewers agree that this credit card for sole proprietorship businesses is decent. Its introductory and ongoing rewards are only average at best when compared to other cards on our list.

How to Apply for the Bank of America® Business Advantage Cash Rewards Mastercard®

You can apply for the Bank of America® Business Advantage Cash Rewards Mastercard® online. Once you fill out the application with your basic business and personal information, you can be approved instantly. Once approved, you’ll receive a card in the mail within seven to 10 days.

Apply Now

U.S. Bank Business Platinum Card: Best for Low Introductory & Ongoing APR

The U.S. Bank Business Platinum Card is best for business owners who want low introductory and ongoing financing. It charges no interest on both purchases and balance transfers for 12 billing cycles. After the introductory period ends, its ongoing APR is between 12.24% and 20.24%. This card offers no rewards program, but it’s mainly designed for business owners looking to save money on interest.

U.S. Bank Business Platinum Card Costs

The U.S. Bank Business Platinum Card charges no annual fee and offers the lowest ongoing APR on our list. It also charges no interest for the first 12 billing cycles on purchases and balance transfers.

Financing costs and fees on the U.S. Bank Business Platinum Card include:

• Introductory APR: 0% APR on purchases and balance transfers for the first 12 billing cycles
• Ongoing APR: 12.24% to 20.24% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: $5 or 3% of the transfer, whichever is greater

The U.S. Bank Business Platinum Card’s introductory APR period is identical when compared to American Express Blue Business^SM Plus. However, we rank it lower on our list because it doesn’t offer any rewards.

U.S. Bank Business Platinum Card Rewards

The U.S. Bank Business Platinum Card offers no introductory or ongoing rewards. This is the only card on our list that does not offer rewards. If you want cheap introductory financing and the opportunity to earn rewards, consider American Express Blue Business^SM Plus.

U.S. Bank Business Platinum Card Additional Features

The U.S. Bank business credit card offers an auto rental collision damage waiver, purchase protection, and extended warranty protection, which are common business credit card features.

The U.S. Bank Business Platinum Card comes with the following additional features:

• Auto rental collision damage waiver: U.S. Bank will cover up to the cash value of the vehicle in case of accident or theft on car rentals made in the United States and most foreign countries.
• Purchase protection: Covers new purchases that are damaged or stolen within 90 days of purchase. Coverage is limited to $500 per claim and up to $50,000 per year.
• Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year on warranties of three years or less. Coverage is limited to $10,000 per item.

These additional card features are similar to what you would find on other business credit cards for sole proprietors. However, some issuers provide more robust features, such as American Express.

What U.S. Bank Business Platinum Card Is Missing

The U.S. Bank Business Platinum Card does not offer any introductory or ongoing rewards. Earning rewards can help you put money back into your business. If you want to earn rewards, consider another card on our list that has a rewards structure, such as Chase Ink Business Cash^SM.

Note: The card is only available in Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nevada, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming, and New Mexico.

U.S. Bank Business Platinum Card Reviews

We considered both user reviews and our own editorial review when rating this card. U.S. Bank Business Platinum reviews are mostly positive. This card is excellent if you’re seeking low introductory and ongoing financing, but it doesn’t offer a rewards program.

User Reviews

Online user reviews are generally positive. Cardholders say the no-interest financing period and low ongoing APR is helpful while building their sole proprietorships. Some users complain about the lack of introductory or ongoing rewards.

Editorial Reviews

We rate business credit cards based on their costs, rewards, and benefits. Reviewers agree this is a strong card for business owners who want to reduce the cost of interest. However, it’s one of the few small business credit cards that doesn’t offer any rewards.

How to Apply for the U.S. Bank Business Platinum Card

You can apply online for the U.S. Bank Business Platinum Card. You will be required to fill out a basic application with your business and personal information, and you could be approved instantly. Once approved, you will receive your card within seven to 10 days.

Note: This card is only available within these states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nevada, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming, and New Mexico.

Apply Now

Discover it® Business Card: Best for Maximizing First-year Rewards

The Discover it® Business Card is best for sole proprietors who want to maximize their rewards during the first year. This card pays unlimited 1.5% cash back. Plus, Discover will match—or double—all rewards earned during your first year. This means for the first 12 months of card ownership, you will earn 3% cash back on all purchases. You’ll also receive no-interest financing for 12 months on purchases. Ongoing APR starts at 15.24%.

Discover it® Business Card Costs

The Discover it® Business Card charges no annual fee and no interest on purchases for 12 months. This introductory APR period is identical to both Chase Ink Business Cash^SM and Chase Ink Business Unlimited^SM.

Financing costs and fees on the Discover it® Business Card include:

• Introductory APR: 0% for 12 months on purchases
• Ongoing APR: 15.24% to 23.24% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: 5% of the transfer

If you’re looking to transfer a balance, this card is not right for you. Its introductory APR only applies to purchases made on the card, and it has a high balance transfer fee of 5%. Instead, consider American Express Blue Business^SM Plus. That card’s balance transfer fee is 3% and offers an introductory 0% APR period for 12 months on both purchases and balance transfers.

Discover it® Business Card Rewards

The Discover it® Business Card has a unique introductory offer. Discover will match—or double—all rewards earned during your first 12 months of card ownership. This card also pays 1.5% cash back, which means you’ll earn 3% cash back over your first year.

Introductory Rewards

Instead of a traditional introductory offer, Discover matches all cash-back rewards you earn over your first 12 months. After your first year, you’ll receive these rewards in the following one or two billing cycles. We have not reviewed a card that has a similar offer.

If your business charges more than $33,000 in purchases to credit cards in a year, this first-year bonus may prove more valuable than what you could earn from Chase Ink Business Cash^SM ($33,000 x 1.5% = $495).

Ongoing Rewards

You’ll earn 1.5% cash back on all purchases. With Discover’s cash-back match offer, you’ll be able to earn 3% cash back over your first year. However, this means this card is most valuable during those first 12 months. If you want a card with long-term value, we recommend Chase Ink Business Unlimited^SM. That card pays 1.5% cash back, has an introductory offer worth $500, and offers more additional card features, such as insurance.

How to Redeem Rewards

You can redeem your Discover cash-back rewards for charitable donations to select charities, as a credit to your account, as an electronic deposit into any account you designate, or for gift cards starting at $20. Discover cash-back rewards have no expiration date. It will credit your account with your cash-back reward balance if your account is closed or has not been used in 18 months.

Discover it® Business Card Additional Features

Unlike other cards on our list, Discover does not offer common insurances, such as purchase protection. Instead, it only offers an account lock feature and a late fee waiver.

The Discover it® Business Card includes the following additional features:

• Account lock: Allows you to freeze your account through the mobile app or website to prevent new purchases.
• Late fee waiver: You’ll be charged no fee for your first late payment, but $37 thereafter.

Discover offers the fewest additional card features of any card on our list. Most business credit cards provide more perks, such as extended warranty and purchase protection. If you want a fixed-rate, cash back card with more features, consider Chase Ink Business Cash^SM. That card offers a variety of additional features, including extended warranty protection, purchase protection, and car rental insurance.

What Discover it® Business Card Is Missing

The Discover it® Business Card carries a high balance transfer fee of 5% and doesn’t offer interest-free financing on balance transfers. If you’re looking for a card with better balance transfer features, consider American Express Blue Business^SM Plus. With that card, you’ll receive an introductory 0% APR period on purchases and balance transfers for 12 months.

Discover it® Business Card Reviews

We considered both user reviews and our own editorial review when rating this card. Discover it® Business Card reviews suggest this card holds most of its value during the first year. However, there are other options that have better long-term value.

User Reviews

The Discover it® Business Card online reviews are mixed. Cardholders with a lot of first-year expenses enjoy the Discover cash-back match offer. However, some users complain the card loses a lot of its value after the first year.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews agree that this card is a solid card option for sole proprietors who want to maximize their rewards during the first 12 months. Unlike most other cards we’ve reviewed, this card doesn’t offer any travel protections or insurances.

How to Apply for the Discover it® Business Card

You can apply for Discover it® Business Card online. The application only takes a few minutes and you can get approved instantly. Once approved, the card typically takes seven to 10 business days to arrive.

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Capital One® Spark® Cash Select for Business: Best for Annual Card Expenses Below $19,000

Capital One® Spark® Cash Select for Business is best for sole proprietors who spend less than $19,000 annually on their credit cards. That’s the threshold at which you’d receive more benefit from the Capital One® Spark® Cash for Business, but that card charges a $95 annual fee. Capital One® Spark® Cash Select for Business pays unlimited 1.5% cash back and ongoing APR starts at 15.24% variable.

Capital One® Spark® Cash Select for Business Costs

Capital One® Spark® Cash Select for Business charges no annual fee and no interest on purchases for nine months. It’s the only card on our list that doesn’t charge a balance transfer fee.

Financing costs and fees on Capital One® Spark® Cash Select for Business include:

• Introductory APR: 0% for nine months on purchases
• Ongoing APR: 15.24% to 23.24% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: None

Capital One® Spark® Cash Select for Business offers an introductory 0% APR period that’s shorter than other cards on our list, such as Chase Ink Business Unlimited^SM. That card offers an introductory 0% APR period on purchases for 12 months. However, it does not allow for balance transfers.

Capital One® Spark® Cash Select for Business Rewards

This Capital One business credit card offers a one-time $200 cash bonus once you spend $3,000 on purchases within the first three months from account opening. It also pays unlimited 1.5% cash back on all spending.

Introductory Rewards

You’ll earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first three months from account opening. This falls short of other introductory rewards on our list. For example, Chase Ink Business Cash^SM and Chase Ink Business Unlimited^SM both offer $500 when you spend $3,000 within three months.

Ongoing Rewards

You’ll earn unlimited 1.5% cash back on all purchases. Chase Ink Business Unlimited^SM offers the same ongoing rewards. However, with that card, you can access a larger introductory reward and no-interest financing on purchases for 12 months. If you want to earn miles to redeem for travel instead of cash back, Capital One offers Capital One® Spark® Miles Select for Business. That card is nearly identical besides its rewards redemption options.

How to Redeem Rewards

You can redeem your rewards as a statement credit or check, for a recent transaction, or for gift cards, or you can set up automatic redemption. If you choose to redeem automatically, you can set a time each calendar year to receive your rewards or when you reach a threshold ($25, $50, $100, $200, $500, or $1,500). These redemption options are similar to most cash back credit cards. However, Chase Ink Business Cash^SM allows you to redeem your points for travel too.

Capital One® Spark® Cash Select for Business Additional Features

According to Capital One’s website, this card offers Visa® Business Benefits, which include extended warranty protection and purchase protection.

Capital One® Spark® Cash Select for Business comes with the following features:

• Extended warranty protection: Extends U.S. manufacturer’s warranty by up to one additional year on eligible warranties of three years or less.
• Purchase protection: Covers your new purchases for 90 days against damage or theft up to $10,000 per claim and $50,000 per account per year.

These features are similar when compared to other credit cards for sole proprietorship businesses on our list. However, most American Express business credit cards cover warranties of five years or less.

What Capital One® Spark® Cash Select for Business Is Missing

Capital One® Spark® Cash Select for Business is not designed for balance transfers, as its introductory 0% APR period applies to purchases only. If you need to transfer a balance, a good alternative option would be American Express Blue Business^SM Plus. That card offers no-interest financing for 12 months on both purchases and balance transfers.

Capital One® Spark® Cash Select for Business Reviews

We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Cash Select for Business reviews agree this is a good card for sole proprietors with low annual spending needs. However, it has a low introductory reward.

User Reviews

Online user reviews of this Capital One business credit card are generally mixed. Cardholders enjoy the simple rewards structure and introductory 0% APR period for nine months on purchases. However, some users wish the introductory reward was comparable to other business credit cards.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews suggest that this is a solid choice if you spend less than $19,000 on your credit card per year. If you spend more than $19,000 annually, reviewers recommend Capital One® Spark® Cash for Business. It has ongoing rewards of 2% cash back but charges an annual fee of $95, waived the first year.

How to Apply for the Capital One® Spark® Cash Select for Business

You can apply for Capital One® Spark® Cash Select for Business card online. You’ll be required to provide your basic personal and business information. Once approved, you’ll receive your card within seven to 10 business days.

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Capital One® Spark® Classic for Business: Best for Fair Credit

Capital One® Spark® Classic for Business is best for sole proprietors with fair credit (580 to 669). This card charges no annual fee and offers unlimited 1% cash back on all purchases. This is the best card on our list if you want to build both your business and personal credit scores. It has an ongoing variable APR of 25.24%.

Capital One® Spark® Classic for Business Costs

Capital One® Spark® Classic for Business charges no annual fee and an ongoing variable APR of 25.24%. This is one of the few cards on our list that does not offer an introductory APR period, which is common for business credit cards for fair credit.

Financing costs and fees on Capital One® Spark® Classic for Business include:

• Introductory APR: None
• Ongoing APR: 25.24% variable, which adjusts with the prime rate
• Annual fee: None
• Balance transfer fee: None

Capital One® Spark® Classic for Business has the highest ongoing APR among cards on our list. However, this APR is average for business credit cards for fair credit. This is the only sole proprietorship business credit card on our list that is for fair credit owners.

Capital One® Spark® Classic for Business Rewards

Capital One® Spark® Classic for Business doesn’t offer any sign-up bonuses. However, you’ll earn unlimited 1% cash back on all purchases. This rewards structure is typical for sole proprietors with personal credit scores between 580 and 669.

Introductory Rewards

Capital One® Spark® Classic for Business offers no introductory rewards. Typically, credit cards for fair credit don’t offer introductory rewards. This card is best used to build your business and personal credit. Once your personal credit score is at least 670, then you can apply for a business credit card that offers better rewards, such as Chase Ink Business Cash^SM.

Ongoing Rewards

You’ll earn unlimited 1% cash back on all spending. If you have fair credit, this is a solid option because of the added benefit its rewards provide. If your personal credit score is below 580, we recommend a secured business credit card. Those cards have credit limits that are equal to your cash deposit.

Capital One® Spark® Classic for Business Additional Features

According to Capital One’s website, this card offers Visa® Business Benefits, which include extended warranty protection and purchase protection.

Capital One® Spark® Classic for Business comes with the following features:

• Extended warranty protection: Extends U.S. manufacturer’s warranties by up to one additional year on warranties of three years or less.
• Purchase protection: Covers new purchases for 90 days against damage or theft up to $10,000 per items and $50,000 per year.

These features are similar to Capital One® Spark® Cash for Business, which offers 2% cash back. However, it’s unlikely sole proprietors with fair credit can qualify for that card.

How to Redeem Rewards

You can redeem your rewards as a statement credit or check, for a recent transaction, or for gift cards, or you can set up automatic redemption. If you choose automatic redemption, you can set a time each calendar year to receive your rewards or when you meet a threshold ($25, $50, $100, $200, $500, or $1,500). Some cards on our list offer more redemption options. For example, Chase Ink Business Cash^SM allows you to redeem your points for travel.

What Capital One® Spark® Classic for Business Is Missing

Capital One® Spark® Classic for Business doesn’t offer any introductory rewards and only offers 1% cash back. However, sole proprietors who apply for this card should do so to build their credit and not earn top rewards. These ongoing rewards are just an added benefit.

Capital One® Spark® Classic for Business Reviews

We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Classic for Business reviews agree that this card is best for those with personal credit scores between 580 and 669.

User Reviews

Online Capital One® Spark® Classic for Business user reviews are mostly positive. Cardholders say they like the opportunity to earn rewards while building their business and personal credit. However, this card’s drawbacks include potentially low credit limits. Capital One® Spark® Classic for Business has credit limits that start at $500.

Editorial Reviews

We rate small business credit cards based on their costs, rewards, and benefits. Most reviewers suggest this is one of the strongest sole proprietorship business credit cards for fair credit. It charges no annual fee and has fewer qualification requirements than other cards on our list.

How to Apply for the Capital One® Spark® Classic for Business

You can apply for Capital One® Spark® Classic for Business online. The application takes minutes and you can get approved instantly. Once approved, the card typically takes seven to 10 business days to arrive.

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Frequently Asked Questions (FAQs) About Credit Cards for Sole Proprietorship Businesses

We covered a lot of information on the best credit cards for sole proprietorship businesses. Some questions are asked more often than others, and we address those here. If you have any additional questions, please visit the Fit Small Business forum or leave a comment below, and we will provide an answer.

The most frequently asked questions about credit cards for sole proprietorship businesses are:

Can you get a business credit card as a sole proprietor?

You’re a sole proprietor if you own a small business and operate it on your own. You don’t need an Employer Identification Number (EIN) to get a small business credit card. Instead, you can get a business credit card as a sole proprietor with your Social Security number (SSN).

Can I get a business credit card with my EIN number?

Once you have an Employer Identification Number (EIN), you can use it to apply for a business credit card. If your business has employees, you must have an EIN. You can apply for an EIN online, receive it immediately, and use it right away for most business purposes.

How do you get approved for a business credit card?

To get a business credit card, we recommend having a personal credit score of at least 670. When you know your credit score, compare credit cards to find an option that fits your business. Once you’ve found the right card, apply online with your EIN or SSN, and you could receive an immediate decision.

Bottom Line

The best credit cards for sole proprietorship businesses typically have no annual fees, offer favorable rewards structures, and offer an introductory 0% APR period on purchases or balance transfers. Most of the cards on our list require a personal credit score of at least 670. However, we offer one option if your credit score is between 580 and 669.

We believe Chase Ink Business Cash^SM is the overall best sole proprietorship business credit card. It pays up to 5% cash back and offers a sign-up bonus of $500 after spending $3,000 within the first three months. It also offers interest-free financing for 12 months on purchases. You can apply online and receive an approval instantly.

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