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You may not have the patience to be a landlord. But you may have the skills and cash to fix and flip homes for a profit in a short time. A house flipper can maximize their expenses using these rewards credit cards.

Credit Cards for House Flippers
What are the best credit cards for house flippers? Photo by Skitterphoto from Pexels

Because you will most likely be making large purchases, you might be able to qualify for the best limited-time credit card offers. It’s possible for house flippers to earn bonus points on home improvement and advertising purchases.

American Express Blue Business Cash Card

The American Express Blue Business Cash™ Card might be the best business cash rewards credit card with no annual fee (See Rates & Fees). You  2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Your rewards balance automatically redeems as a monthly statement credit.

It also comes with Expanded Buying Power which gives cardholders the ability to spend beyond their credit limit. While the amount you are able to spend is not unlimited, it can be improved should you need it. The amount will adjust with card usage, payment history, credit record, and financial resources that American Express is able to review, and other factors.

Blue Business Plus Credit Card from American Express

Another option is the Blue Business® Plus Credit Card from American Express. It earns 2x Membership Rewards on the first $50,000 spent on eligible purchases annually on everyday business purchases (then 1x points). Your points are most valuable when redeeming for award flights or transferring to the Membership Rewards airline partners at a 1:1 ratio including Delta, Emirates, and Singapore Airlines.

Cardholders can also enjoy more flexibility to use their card for more purchases and rewards when buying above their credit limit. While this amount is not unlimited, it does adjust with card use, payment history, credit record, financial reasons known to AMEX, and other factors. Expanded Buying Power gives businesses more ways to earn points and maximize their card.

It also has no annual fee (See Rates & Fees).

Related: Best Small Business Credit Cards with No Annual Fee

Capital One Spark Cash for Business

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.

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.

If you want the satisfaction of earning unlimited 2% back on all purchases check out the Capital One® Spark® Cash for Business. Your rewards are redeemable in any amount for cash statement credits. The annual fee is $0 for the first year, then $95.

There are several other versions of the Spark business credit cards. For instance, the Capital One® Spark® Miles for Business earns 2x miles. You can redeem your rewards for travel statement credits, future trips, or airline point transfers. You also get a TSA PreCheck or Global Entry fee credit. The annual fee is also $0 for the first year, then $95 every year after.

Other Spark versions don’t charge an annual fee and earn up to 1.5% or 1.5 miles back on purchases. These cards might be easier to qualify for if you have a lower credit score.

Learn more: Capital One Spark Business Credit Cards Review

Ink Business Unlimited Credit Card

Your spending habits may not align well with a tiered rewards credit card. If you still want to earn cash back, the Ink Business Unlimited® Credit Card earns 1.5% cash back on all purchases.

This card has no annual fee. The signup bonus is $750 bonus cash after spending $7500 in the first 3 months. It is also one of the best Chase business credit cards available.

Ink Business Preferred Credit Card

The Ink Business Preferred® Credit Card gives you 3x Ultimate Rewards points on the first $150,000 in combined purchases for these expenses:

  • Travel
  • Shipping purchases
  • Internet, phone, and cable services
  • Social media and search engine advertising

All non-bonus purchases earn 1 point per $1. The best bonus category can be advertising purchases. If you pay to feature your properties or services on search engines or social media, you get 3x points.

Your points are most valuable when redeeming for award travel. Each point is worth 25% more when booking award travel through Chase. You can also transfer your points at a 1:1 ratio to airline and hotel partners. Points are worth one cent each when redeemed for cash and gift cards.

If you own another Chase credit card that earns Ultimate Rewards, you can pool your points.

Cards like the Chase Sapphire Preferred® Card can be a great supplement if you are looking to earn travel rewards. Alternatively, the Capital One® Venture® Rewards Credit Card is also excellent for travel rewards.

Compare the Chase Sapphire Preferred vs Capital One Venture Rewards to find the better card for your wallet.

Lowe’s American Express Business Rewards

The information for the Lowe’s American Express Business Rewards has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Your best card for Lowe’s purchases is the Lowe’s American Express Business Rewards. You get an instant 5% discount on Lowe’s purchases. You also earn rewards points on every credit card purchase:

  • 3x points at restaurants and office supply stores (U.S. purchases)
  • 2x points at Lowe’s
  • 1x points on all non-bonus purchases

Your points are redeemable for Lowe’s or American Express gift cards.

Getting this card also enrolls you in Lowe’s ProServices. Benefits include discount delivery, exclusive sales, and bulk rate pricing. You can also get $100 cash back upon application approval.

Home Depot Credit Cards

The information for the Home Depot Credit Cards has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

The Home Depot credit cards are not as exciting as the Lowe’s card. For instance, you won’t get an instant Home Depot purchase discount. But you can get special long-term financing for large purchases.

The precise terms depend on if you get a personal, commercial, or a revolving line of credit.

You also get Pro Xtra special discounts not available to regular Home Depot customers. And you can save on gas purchases at Shell stations. The Home Depot lineup doesn’t have an annual fee.

Amazon Business Prime Card from American Express

The information for the Amazon Business Prime 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.

House flippers may also enjoy buying random items from Amazon when getting your home ready to sell. As a Business Prime member, you qualify for the Amazon Business Prime Card from American Express. Amazon benefits include 5% back on Amazon purchases or 90-day interest-free repayment terms.

You also get 2% back on U.S. purchases for restaurants, gas stations, and wireless telephone services. All non-bonus spending earns 1% back. Your points are redeemable for Amazon.com shopping points or recent purchase statement credits.

The welcome bonus is a $125 Amazon.com gift card upon approval. You can also earn a $100 statement credit by making $3,000 in 2% bonus category purchases in the first 3 months. It is also one of the best metal credit cards available.

Southwest Rapid Rewards Performance Business Credit Card

Some house flippers may like using their purchases to book award travel. If you live near a Southwest Airlines hub, the Southwest Rapid Rewards® Performance Business Credit Card is a good option. Every purchase (and the signup bonus) earns Rapid Rewards points that count toward getting the Southwest Companion Pass.

You will need 125,000 points or 100 qualifying one-way flights to get the pass.

House flipping can require large purchases which makes it easy to earn up to 100,000-point signup bonus. New cardholders earn 70,000 points after spending $5,000 on purchases in the first 3 months of account opening. Plus, they’ll earn an additional 30,000 points after spending $25,000 on purchases in the first 6 months of account opening.

You also earn 3x points on Southwest Airlines purchases, 2x points on social media or search engine advertising plus internet, phone or cable services. Non-bonus spending earns 1x points.

Southwest Airlines benefits include free in-flight WiFi credit, 4 Upgraded Bookings per year (when available), and a Global Entry or TSA PreCheck fee credit.

The annual fee is $199. You earn 9,000 bonus miles each card anniversary.

Learn more: Best Southwest Airlines Credit Card Bonus Offers

Costco Anywhere Visa Business Card by Citi

You might also purchase certain supplies from Costco. If you’re flipping a furnished home you might get appliances from Costco. Enjoy an annual Costco shopping credit with the Costco Anywhere Visa® Business Card by Citi. Your purchases earn up to 4% back:

  • 4% on eligible gas station purchases (on the first $7,000 annually, then 1% back)
  • 3% back on eligible travel and dining (includes CostcoTravel.com)
  • 2% back at Costco and Costco.com
  • 1% back on all remaining purchases

This card can also be worth it alone for the gas station rewards. Most credit cards only award up to 2% back at gas stations. As long as you are fine redeeming those awards as a Costco shopping credit (awarded in February) this is an easy way to double your spending power.

There is no annual fee but you must be Costco member to own this card. Costco membership costs $60 or $120 depending on which plan you select.

Summary of the Best Credit Cards for House Flippers

A house flipper has a lot of flexibility in picking the best credit card for their business. The hardest decision can be deciding between travel or cash rewards. Then, you can compare the bonus categories, signup/welcome bonus, and repayment promotions.

For rates and fees of the American Express Blue Business Cash™ 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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