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As a contractor, you know the importance of sourcing your materials at a fair price. Doing so means you can offer a more competitive rate to your customers. The best business credit cards for contractors will boost your profits plus help you have the tools to perform high-quality work.
Best Credit Cards for Contractors
Most of the big banks offer credit cards for contractors. Since you may not have time to compare all the options, these are the most rewarding cards for most business owners.
- American Express Blue Business Cash™ Card
- The Blue Business® Plus Credit Card from American Express
- Capital One Spark Cash for Business
- Capital One Spark Miles for Business
- Ink Business Cash® Credit Card
- Lowe’s Business Rewards Card from American Express
- The Plum Card® from American Express
- Ink Business Preferred® Credit Card
- American Express® Business Gold Card
American Express Blue Business Cash Card
The American Express Blue Business Cash™ Card is your best option for a fee-free card that earns flat-rate rewards (See Rates & Fees). You get 2% cash back on the first $50,000 in annual purchases then 1% back. Most flat-rate business credit cards with no annual fee offer up to 1.5% back at most. Your points redeem as a monthly statement credit.
It also comes with Expanded Buying Power which gives cardholders the ability to spend beyond their credit limit. Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
New American Express Blue Business Cash™ Card cardholders can earn a $250 statement credit after making $3,000 in purchases on their Card in the first 3 months.
This card might be the most flexible of the credit cards for contractors because of its flexibility and no annual fee.
The Blue Business Plus Credit Card from American Express
If you prefer redeeming rewards points for travel, The Blue Business® Plus Credit Card from American Express has a similar purchase rewards structure. Except, with this card you earn Membership Rewards® points which are most valuable when redeemed for award flights or transferred at a 1:1 ratio to airline partners like Delta, British Airways, and Singapore Airlines.
Cardholders earn 2x Membership Rewards® points on everyday business purchases such as office supplies or client dinners, up to the first $50,000 in purchases per year. After that, cardholders earn 1 point per dollar thereafter.
Cardholders can also enjoy more flexibility to use their card for more purchases and rewards when buying above their credit limit. 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 American Express, and other factors.
New The Blue Business® Plus Credit Card from American Express cardholders can earn 15,000 Membership Rewards® points after spending $3,000 in eligible purchases on the Card within their first 3 months of Card Membership.
There is no annual fee (See Rates & Fees).
Learn more: American Express Blue Business Credit Cards
Capital One Spark Business Cards
The information for the Capital One Spark Cash for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
If you want to earn 2% back on every purchase, get the Capital One Spark Cash for Business. This can be a better option than the Amex Blue Business Cash when you spend at least $50,000 annually. You can redeem your rewards in any amount for cash statement credits.
To redeem your points for award travel, the Capital One Spark Miles for Business earns unlimited 2x miles per $1 spent on all purchases. Cardholders can earn 5x miles per $1 spent on hotels and car rentals if they book through Capital One Travel. Your miles are redeemable for travel statement credits, booking upcoming travel, and transferring to airline loyalty programs. You also get a Global Entry or TSA PreCheck application fee credit, up to $100.
The annual fee for either Capital One cards is $0 for the first year and then $95.
Ink Business Cash Credit Card
The Chase Ink Business Cash® Credit Card is one of the best small business credit cards with tiered rewards. It has no annual fee. You get 5% back on the first $25,000 spent at office supply stores, internet, cable and phone services each account anniversary year. Gas stations and restaurant spending earns 2% back on the first $25,000 in combined spending. All non-bonus spending earns 1% back.
Additionally, cardholders may redeem rewards for cash back, gift cards, travel, and more through the Chase Ultimate Rewards portal. Fraud protection is also included with the card as well as zero fraud liability. Cardholders won’t be held responsible for unauthorized charges made with their card or with their account information.
The signup bonus is $750 bonus cash after spending $7500 in the first 3 months of account opening.
Learn more: Best Business Credit Cards with No Annual Fee
Lowe’s Business Rewards Card from American Express
The information for Lowe’s Business Rewards Card from American Express has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
If you get your material from Lowe’s, one of your best options is the Lowe’s Business Rewards Card from American Express. You get an immediate 5% discount on Lowe’s purchases. Getting this card enrolls you into Lowe’s ProServices giving you exclusive discounts.
As this is a business credit card, it can also be used for non-Lowe’s purchases. U.S. restaurant, U.S. office supply store, and wireless telephone services purchased directly from US service providers earn 3x points. Lowe’s purchases earn 2x points (plus the 5% instant discount) and non-bonus spending earns 1x points. Your points are redeemable for statement credit and American Express gift cards.
The Plum Card from American Express
Not many credit cards for contractors offer flexible repayment terms. You know how much of a struggle it can be to earn a variable income and pay the bills during slow months.
For large purchases that you need up to 60 days to repay, The Plum Card® from American Express can be your best option. You get a 1.5% early pay discount, with no cap on what you can earn back when you pay your balance before the billing cycle ends. Take up to 60 days to pay with no interest, when you pay your minimum due by the payment due date.
There is an introductory annual fee of $0 for the first year, then $250 (See Rates & Fees). If the Plum Card can save you at least $250 in annual interest charges, it’s worth owning this card.
Ink Business Preferred Credit Card
Perhaps you’re a traveling contractor fixing the damage from recent storms. The Ink Business Preferred® Credit Card offers awards 3 Ultimate Rewards points on the first $150,000 in combined spending for these purchases each account anniversary year:
- Shipping purchases
- Internet, cable and phone services
- Social media and search engine advertising
Travel purchases like airfare, hotels, and rental cars earn bonus points. But gas station purchases don’t. Buying gas with the Chase Ink Business Cash® Credit Card earns up to 2% cash back per $1 spent. You can pool your points to be worth 1.25 cents each when booking award travel on the Ink Business Preferred account. Each point is only worth 1 cent each for cash and gift card rewards.
This card has a $95 annual fee. The signup bonus is 100,000 Ultimate Rewards points (worth up to $1,250 in award travel) after spending $15,000 in the first 3 months. It’s also one of the best credit cards for real estate agents.
American Express Business Gold Card
The American Express® Business Gold Card earns up to 4x Membership Rewards points on the two categories where your business spent the most each billing cycle*. This applies to the first $150,000 in combined purchases annually (then you’ll earn 1x point for all other purchases):
- Airfare purchased directly from airlines
- Advertising in select media (online, TV, radio) – U.S. purchases only
- Purchases made directly from select technology providers of computer hardware, software, and cloud solutions – U.S. purchases only
- Gas station purchases – U.S. purchases only
- U.S. restaurant purchases
- Purchases for shipping (U.S. only)
If you advertise on TV, radio, and online, these purchases can earn 4x points per $1. If a card awards bonus points on advertising spending, it’s usually restricted to a search engine and social media purchases.
Your points are worth the most when redeeming for award flights on AmexTravel or select retail gift cards. Each point is worth 1 cent with these redemption options. You can get 25% of your points back when redeeming your points for award flights (up to 250,000 points per year)*.
You can also transfer your points to the other Membership Rewards airline and hotel transfer partners. If you own another card that earns Membership Rewards, you can pool your points to book award travel more often. You can also use the Pay Over Time Option, a flexible payment option to help manage cash flow on purchases of $100 or more (terms apply).
The American Express Business Gold can be worth it if you can maximize the 4x bonus categories and the award flight redemption options.
New American Express® Business Gold Card cardholders can earn 70,000 points after spending $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
The annual fee is $295 (See Rates & Fees).
Summary of Credit Cards for Contractors
The best business credit cards for contractors can depend on your average purchase size and if you travel to distant locations. You may need flexible repayment terms if your variable income can’t always repay large purchases in a single billing period. But you may appreciate earning bonus points on travel, gas stations, and advertising if you also spend a lot of time trying to reach new clients.
For rates and fees of the American Express Blue Business Cash™ Card, please click here.
For rates and fees of the Plum Card® from American Express, please click here.
For rates and fees of the American Express® Business Gold Card, please click here.
For rates and fees of The Blue Business® Plus Credit Card from American Express, please click here.
Chase Sapphire Preferred® Card
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 Best Credit Cards for Contractors
- 2 American Express Blue Business Cash Card
- 3 Capital One Spark Business Cards
- 4 Ink Business Cash Credit Card
- 5 Lowe’s Business Rewards Card from American Express
- 6 The Plum Card from American Express
- 7 Ink Business Preferred Credit Card
- 8 American Express Business Gold Card
- 9 Summary of Credit Cards for Contractors