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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.

credit cards for contractors
Get at least 2% back on select purchases with the best credit cards for contractors Credit: Pexels

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 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% 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.

Plus, if you’re a new cardholder, you can earn up to $300 back to boost your business. You’ll earn up to $100 in the form of statement credits at each of the following merchants: Dell Technologies, DocuSign, or FedEx after you make an eligible purchase on your card within the first 3 months of account opening.

This card might be the most flexible of the credit cards for contractors because of its flexibility and no annual fee.

Blue Business Plus Credit Card from American Express

If you prefer redeeming rewards points for travel, 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.

Plus, new cardholders can earn up to $300 back to boost your business. You can earn up to $100 in the form of statement credits at each of the following merchants: Dell Technologies, DocuSign, or FedEx after you make an eligible purchase on your new card within the first 3 months of account opening.

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.

The information for the Capital One® Spark® Miles 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.

Ink Business Cash

The information for the Ink Business Cash has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

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.

Your points are redeemable for cash, travel, and gift card rewards. The signup bonus is $500 bonus cash after spending $3,000 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, just like the current Lowe’s charge cards. 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 welcome bonus is $100 cash back upon approval. This card is also one of the best credit cards for rental properties and best credit cards for house flippers.

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 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.

The annual fee is $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

The information for the Ink Business Preferred℠ Credit Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

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:

  • Travel
  • 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 earns up to 2x points per $1. 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 credit card awards bonus points on advertising spending, it’s usually restricted to 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 credit 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. 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.

Josh Patoka
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