10 Best Sole Proprietorship Business Credit Cards of 2023
This article is part of a larger series on Best Small Business Credit Cards.
Editor’s note: This is a recurring post with regularly updated card details.
The best sole proprietorship business credit cards allow you to earn rewards on your purchases. When choosing a card, prioritize one that offers sign-up bonuses, has a zero or low annual fee, charges low ongoing annual percentage rates (APRs), and provides a 0% introductory APR to finance a large purchase or balance transfer. Sole proprietors can also benefit from cards that can help build business credit.
Here are the 10 best sole proprietor business credit cards:
- Chase Ink Business Unlimited®: Best overall business credit card for sole proprietors
- Capital One® Spark® Classic for Business: Best for sole proprietors with fair credit
- Bank of America® Business Advantage Unlimited Cash Rewards Secured: Best for sole proprietors with bad credit
- Amazon Business Prime American Express Card: Best for Amazon Prime members and recurring Amazon purchases
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: Best for long 0% APR period with cash rewards
- American Express® Blue Business® Plus: Best for everyday expenses
- Capital One Spark Miles Select for Business: Best for earning travel rewards
- PNC Cash Rewards® Visa Signature® Business Credit Card: Best for low starting APR
- Chase Ink Business Cash®: Best for office-based sole proprietors
- Wells Fargo Business Platinum Credit Card: Best for earning flexible rewards
To see how these cards stack up against others we reviewed on our site, click Add to Compare on a card below and select up to two additional cards for comparison.
Chase Ink Business Unlimited®: Best Overall Business Credit Card for Sole Proprietors
Ink Business Unlimited® Credit Card
BEST FOR:
Pocketing 1.5% cash back on every single purchase
- BEST OFFER EVER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
- BEST OFFER EVER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Why we like it: The Chase Ink Business Unlimited® card is our overall best sole proprietorship business credit card because it offers a simple cash back rewards program. You can earn unlimited 1.5% cash back on all business-related purchases, regardless of spending categories. In addition, you’ll receive $900 cash back when you spend at least $6,000 in the first three months of card membership.
It also comes with no annual fee and a low ongoing APR. Plus, if you plan to make a significant purchase, you can enjoy 0% introductory APR for the first 12 months. Note, however, that this interest-free financing period doesn’t apply to balance transfer transactions.
In general, this card is straightforward and uncomplicated, making it an excellent choice for sole proprietors with varied expenses. It’s also named one of our best credit cards for startup businesses due to its easy rewards program and low fees.
Capital One® Spark® Classic for Business: Best for Sole Proprietors With Fair Credit
Capital One® Spark® Classic for Business
BEST FOR:
Fair credit business owners (580 to 669)
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Why we like it: If you’re a sole proprietor with fair credit (580 to 669), the Capital One® Spark® Classic for Business is a great option as it can help you grow your credit score—as long as you use it responsibly. Your payment history will be reported to the major credit bureaus, so consistent on-time payments can help you improve your credit over time.
In addition, it has no annual fee and offers 1% cash back on all business purchases. There’s no cap on the number of rewards you can earn, and rewards will never expire. While this card is our best business credit card for fair credit, keep in mind that it’s important to pay your balance for each statement period since it comes with a high APR.
Bank of America® Business Advantage Unlimited Cash Rewards Secured: Best for Sole Proprietors With Bad Credit
Business Advantage Unlimited Cash Rewards Secured Credit Card
BEST FOR:
Those who cannot qualify for unsecured business credit cards
- Earn unlimited 1.5% cash back on all purchases
Pros
- No annual fee
- Unlimited rewards
- Builds business credit
Cons
- Security deposit is required
- No sign-up bonus
- No 0% Intro APR
- Cash flow management tools
- Travel and emergency services
- Online and mobile access
- Balance Connect™ for overdraft protection
- Zero liability protection
- Earn unlimited 1.5% cash back on all purchases
Pros
- No annual fee
- Unlimited rewards
- Builds business credit
Cons
- Security deposit is required
- No sign-up bonus
- No 0% Intro APR
- Cash flow management tools
- Travel and emergency services
- Online and mobile access
- Balance Connect™ for overdraft protection
- Zero liability protection
Why we like it: If you have a low credit score and cannot qualify for an unsecured business credit card, the Bank of America® Business Advantage Unlimited Cash Rewards Secured is an excellent alternative. You only need to make a security deposit of at least $1,000 to qualify, and the amount of your security deposit will determine your credit limit.
It’s our top choice for secured business credit cards and business cards for bad credit because it can help you build or improve your business credit while earning unlimited 1.5% cash back on all purchases. You can redeem your rewards as a deposit into your Bank of America® checking or savings account, a card statement credit, or a check mailed to you.
Moreover, it comes with no annual fee, so you can save on your overall credit cost. With consistent on-time payments, you’ll be able to raise your credit score and eventually qualify for an unsecured business credit card.
Amazon Business Prime American Express Card: Best for Amazon Prime Members & Recurring Amazon Purchases
Amazon Business Prime American Express Card
BEST FOR:
5% back or 90-day repayment terms
- Eligible Prime Members get a $125 Amazon Gift Card upon approval for the Amazon Business Prime American Express Card.
- Take advantage of 5% Back or 90 Day Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market with an eligible Prime membership. You will earn 5% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
- 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- 1% Back on other purchases
- $0 Annual Fee
- Back your business with the broad selection of Amazon and the service of American Express. Stay focused on your top business priorities, knowing we’re behind you.
- With rewards that don’t expire, you choose when to redeem. Redeem rewards on millions of items during checkout at Amazon.com and Amazon Business (U.S.) or apply towards a purchase on your statement.
- Terms apply.
Pros
- 5% back or 90-day terms
- No annual and foreign transaction fees
Cons
- No 0% introductory APR
- Only for Amazon Prime members
- Return protection: American Express will provide a refund for an item purchased within 90 days that cannot be returned to the merchant. Refunds are limited to $300 per item, up to $1,000 per cardmember, per calendar year.
- Baggage insurance: Get reimbursed for lost, damaged, or stolen luggage is damaged, lost, or stolen when you pay for your trip with your card, American Express will pay up to $1,250 per covered person for carry-on baggage and up to $500 for checked baggage.
- Car rental insurance: Get coverage for theft or damage of a car rental, up to $50,000. Cardholders can waive the collision insurance offered by the auto rental agency.
- Eligible Prime Members get a $125 Amazon Gift Card upon approval for the Amazon Business Prime American Express Card.
- Take advantage of 5% Back or 90 Day Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market with an eligible Prime membership. You will earn 5% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
- 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- 1% Back on other purchases
- $0 Annual Fee
- Back your business with the broad selection of Amazon and the service of American Express. Stay focused on your top business priorities, knowing we’re behind you.
- With rewards that don’t expire, you choose when to redeem. Redeem rewards on millions of items during checkout at Amazon.com and Amazon Business (U.S.) or apply towards a purchase on your statement.
- Terms apply.
Pros
- 5% back or 90-day terms
- No annual and foreign transaction fees
Cons
- No 0% introductory APR
- Only for Amazon Prime members
- Return protection: American Express will provide a refund for an item purchased within 90 days that cannot be returned to the merchant. Refunds are limited to $300 per item, up to $1,000 per cardmember, per calendar year.
- Baggage insurance: Get reimbursed for lost, damaged, or stolen luggage is damaged, lost, or stolen when you pay for your trip with your card, American Express will pay up to $1,250 per covered person for carry-on baggage and up to $500 for checked baggage.
- Car rental insurance: Get coverage for theft or damage of a car rental, up to $50,000. Cardholders can waive the collision insurance offered by the auto rental agency.
Why we like it: If you have a Prime membership at Amazon, you can earn substantial cash back when you use the Amazon Business Prime American Express Card to purchase business-related goods. You’ll get 5% cash back on US purchases at Amazon Business, Amazon Web Services (AWS), Amazon, and Whole Foods Market on the first $120,000 each calendar year, then 1% cash back thereafter.
If you don’t want to earn premium rewards on Amazon purchases, you could opt for a 90-day interest-free billing cycle instead. Also, you’ll get 2% back at restaurants, gas stations, and wireless phone services and 1% back on all other eligible purchases.
There’s no annual fee outside of the Amazon Business Prime membership fee. As a member, you’ll gain access to quantity discounts and thousands of products only available to Business users. On top of that, you’ll receive an automatic $125 bonus Amazon.com gift card upon approval, with no spending requirements. This card is the only co-branded credit card on this list, and it’s our leading Amazon business credit card.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: Best for Long 0% APR Period With Cash Rewards
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.24% - 27.24%.
- No annual fee.
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.24% - 27.24%.
- No annual fee.
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Why we like it: The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a great option if you need to make a substantial purchase or consolidate your debts from other credit cards. You can take advantage of zero-interest financing for 15 months after opening an account on both purchases and balance transfers.
Plus, you can earn unlimited rewards on your purchases—5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center, 3% cash back on fuel, office supplies, cellphone service providers, and restaurants, and 1% cash back on all other purchases. High cash back on gas purchases is one of the reasons why it’s our top-recommended fuel business credit card.
With this card, you’ll also receive bonus cash back of $500 when you spend $4,500 on eligible purchases within the first 150 days of opening your account. In addition, if you have recurring software subscription expenses, such as FreshBooks or QuickBooks, you’ll get a $100 statement credit. On top of all these rewards, there’s also no annual fee, which is why it’s our overall best credit card with no annual fee.
American Express® Blue Business® Plus: Best for Everyday Expenses
The Blue Business® Plus Credit Card from American Express
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 25.49%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- No annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 25.49%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- No annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
Why we like it: You can earn 2x points on all eligible purchases with the American Express® Blue Business® Plus on up to $50,000 in a single calendar year. When the cap is met, you’ll earn 1x points on all purchases. It has no annual fee and features expanded buying power, which lets you spend beyond your credit limit. The amount you can spend over your credit limit will adjust based on your credit, usage, payment history, and financial resources.
You can also enjoy a 0% APR on purchases for the first 12 months and earn 15,000 Membership Rewards® points after spending $3,000 in eligible purchases within the first three months of card ownership. This card is among our recommendations for the best small business credit cards.
Capital One® Spark® Miles Select for Business: Best for Earning Travel Rewards
Capital One® Spark® Miles Select for Business
BEST FOR:
Travel rewards and annual spending less than $19,000
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Why we like it: The Capital One® Spark® Miles Select for Business is best for sole proprietors who travel frequently and is our leading travel business card. You can earn unlimited 1.5x miles on all business-related purchases and redeem them to book flights, rent cars, and pay for hotel stays.
You can also use your rewards for past travel purchases within 90 days of the date of the travel purchase. Moreover, Capital One allows you to transfer your miles to any of its travel partners. Because of its simple rewards program, it’s also among our top business credit cards for miles.
Cardholders can also enjoy other travel benefits, such as roadside assistance services and zero foreign transaction fees on purchases made outside of the US. Plus, you can take advantage of 0% APR on purchases for the first nine months of card ownership.
PNC Cash Rewards® Visa Signature® Business Credit Card: Best for Low Starting APR
PNC Cash Rewards® Visa Signature® Business Credit Card
BEST FOR:
PNC Bank account holders who want to earn cash back rewards
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken®, or QuickBooks®, or use .csv files.
- Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken®, or QuickBooks®, or use .csv files.
- Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
Why we like it: If your business needs to carry a balance, the PNC Cash Rewards® Visa Signature® Business Credit Card is your best choice because it offers the lowest starting APR on our list. Plus, you can enjoy 0% financing on purchases for the first nine billing cycles.
You also get unlimited 1.5% cash back on all eligible business purchases and earn $400 if you spend $3,000 in qualifying purchases within the first three months of opening an account. What’s more, it comes with no annual fee, allowing you to save on costs. It’s one of our leading cash back business credit cards because of its low APR and fixed-rate rewards.
Chase Ink Business Cash®: Best for Office-Based Sole Proprietors
Ink Business Cash® Credit Card
BEST FOR:
Office-based businesses that want top cash back rewards
- BEST OFFER EVER: Earn $900 bonus cash back after you spend $6,000 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 purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less.
- BEST OFFER EVER: Earn $900 bonus cash back after you spend $6,000 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 purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less.
Why we like it: If your office expenses include internet, phone, and office supplies, you’ll get an impressive 5% cash back on up to $25,000 per year for these purchases with the Chase Ink Business Cash® card. You’ll also get 2% cash back on the first $25,000 spent at gas stations and restaurants and 1% cash back on all other purchases. It’s our best business credit card for startups.
Similar to the Chase Ink Business Unlimited® card, this offers a $900 cash back bonus after spending $6,000 in the first three months. It also has no annual fee and a low ongoing APR. If you plan to make a large purchase, you’ll enjoy zero-interest financing for the first 12 months. Note that this introductory rate isn’t applicable to balance transfer transactions.
Wells Fargo Business Platinum Credit Card: Best for Flexible Rewards
Wells Fargo Business Platinum Credit Card
BEST FOR:
Those with a Wells Fargo checking or savings account that has been open for at least one year
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Cardholders can choose between cash back or points in earning rewards
- With an interest-free financing period for the first nine billing cycles
- Can create up to 99 employee cards at no additional cost
Cons
- Cash back rewards are distributed on a quarterly basis
- You’ll need a Wells Fargo checking or savings account that has been open for at least one year to qualify
- Travel and emergency assistance services: Available for Visa cardholders 24 hours a day, 365 days a year. Specific services and their details can be found here.
- Extended warranty protection: Warranty coverages can be doubled up to one additional year on eligible warranties of three years or fewer.
- Employee cards: You can create up to 99 employee cards at no additional cost
- Zero liability protection and fraud monitoring: Can be fully reimbursed for unauthorized purchases or ATM transactions. In addition, Wells Fargo proactively monitors your business accounts to prevent fraudulent use of your card.
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Cardholders can choose between cash back or points in earning rewards
- With an interest-free financing period for the first nine billing cycles
- Can create up to 99 employee cards at no additional cost
Cons
- Cash back rewards are distributed on a quarterly basis
- You’ll need a Wells Fargo checking or savings account that has been open for at least one year to qualify
- Travel and emergency assistance services: Available for Visa cardholders 24 hours a day, 365 days a year. Specific services and their details can be found here.
- Extended warranty protection: Warranty coverages can be doubled up to one additional year on eligible warranties of three years or fewer.
- Employee cards: You can create up to 99 employee cards at no additional cost
- Zero liability protection and fraud monitoring: Can be fully reimbursed for unauthorized purchases or ATM transactions. In addition, Wells Fargo proactively monitors your business accounts to prevent fraudulent use of your card.
Why we like it: The Wells Fargo Business Platinum Credit Card allows you to pick your preferred rewards program. You can choose between earning 1.5% cash back or 1x point for every dollar spent on all purchases, regardless of spending categories. It also offers $300 cash back or 30,000 bonus points when you spend at least $3,000 in qualifying purchases in the first three months. Its rewards flexibility is one reason it made our list of the top-recommended credit cards for the self-employed.
If you opt for points, you’ll receive 1,000 bonus points when you spend $1,000 or more in any monthly billing period. There’s no annual fee, and you can enjoy a 0% introductory rate for nine months on both purchases and balance transfers.
You can also use this card for travel abroad as it doesn’t charge foreign transaction fees. And if you don’t want your business card transactions to affect your personal credit, this card would make a great option, as it’s our top choice for business credit cards that don’t report to personal credit bureaus. Note, however, that Wells Fargo reports your payment history to business credit bureaus.
How We Selected Sole Proprietor Business Credit Cards
When choosing the best business credit cards for sole proprietors, we looked for cards with the most flexibility for a variety of purchases. We also looked at low interest rates and fees, introductory bonuses, rewards, and the ability to build business credit.
Best Practices for Applying for a Sole Proprietor Business Credit Card
When you apply for a business credit card as a sole proprietor, it’s a good idea to know what to expect. Here are some tips that can help you have a smooth credit card application process:
- Know your credit score in advance: Most business credit cards are geared toward business owners with good to excellent credit, but there are a few cards, such as the Capital One Spark Classic card and Bank of America® Business Advantage Unlimited Cash Rewards Secured, which are designed for business owners with fair or bad credit, respectively. You may also check our lists of the best secured business credit cards, leading business cards for fair credit, and top credit cards for bad credit for other options.
- Find out the card issuer’s requirements: Usually, requirements may vary from one issuer to another. However, when applying for a sole proprietor business card, you’ll typically need to prepare the following:
- Social Security number (SSN)
- Tax Identification Number (TIN)
- Personal identification documents
- Business documents
- Financial documents
- Determine if the issuer requires a personal guarantee: Most business credit cards require a personal guarantee, so it’s best to decide what you can offer as one to increase your chances of approval. If you don’t want to provide a personal guarantee, you can choose from one of the leading business cards with no personal guarantee.
Bottom Line
The best credit card for sole proprietors should suit your spending style. Maximizing the 0% APR period and earning introductory and ongoing bonus rewards will help save more money for your business in the long run. Also, choose a card that can help build your business credit as this will be useful when you need to qualify for other business financing options in the future.
Do you need to find other card options? Visit our Credit Card Marketplace.