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Running your own business can be a rewarding experience. Maximizing your business purchases using the best credit cards for self-employed professionals (like yourself) are one benefit. Earning bonus points on your most common business purchases makes it easier to redeem points for cash or travel rewards.
Best Credit Cards for Self-Employed Professionals
The best credit cards for self-employed professionals depend on a few factors. These include your purchase types, average purchase size, and if you want cash or travel rewards. The best rewards credit cards allow you to earn on specific purchases that are relevant to what you need.
Chase Ink Business Cash Credit Card
Chase offers two Ink business credit cards that don’t charge an annual fee. The Ink Business Cash® Credit Card offers tiered purchase rewards where you earn either 5% or 2% back on select purchases.
You get 5% back on the first $25,000 in combined spending on office supply stores and phone, Internet and cable services. And, you get 2% back on the first $25,000 for gas stations and restaurant purchases. This is why it is one of the best Chase credit cards.
You earn Chase Ultimate Rewards points that are worth 1 cent for cash and travel redemptions. Since this card doesn’t charge an annual fee, you don’t have access to the 1:1 travel transfer partners. But, if you also own the Ink Business Preferred® Credit Card or a Chase Sapphire product, you can pool your points.
The Ink Cash and the 1.5x flat rewards Ink Business Unlimited® Credit Card are both subject to the Chase 5/24 rule too. It’s good to remember this rule when considering the best credit cards for self-employed folks.
Chase Ink Business Preferred
The Ink Business Preferred® Credit Card is probably the best all-around credit card for self-employed people. It has a reasonable $95 annual fee and you earn the highly-regarded Chase Ultimate Rewards points.
On the first $150,000 in combined spending, you earn 3 points per $1 on these purchases:
- Shipping Purchases
- Internet, Cable, and Phone Services
- Advertising on Social Media and Search Engines
Your points are worth 1 cent each for cash back, gift cards, and Amazon.com credits. Saving your points for award travel can be more valuable. They are worth 25% more booking travel on Chase. Plus, you can transfer them on a 1:1 basis to airline and hotel travel loyalty programs like United, Southwest Airlines, and World of Hyatt.
The Ink Business Preferred also has the most valuable signup bonus for a Chase Ultimate Rewards credit card. Your 100,000 bonus points are worth $1,250 when redeeming your points for award travel. To earn the bonus, spend $15,000 in the first three months of account opening.
One downside of this card is that it’s subject to the infamous Chase 5/24 Rule. If you have applied for or have been listed as an authorized user on at least 5 credit cards in the most recent 24 months, Chase will decline your application, regardless of your credit score.
The Business Platinum Card from American Express
If you frequently fly and can benefit from free airport lounge access and other travel benefits including Global Entry or TSA PreCheck fee credit and a $200 airline fee credit, you might appreciate The Business Platinum Card® from American Express.
You earn 5x Membership Rewards points on flights and hotel stays booked on AmexTravel.com. Big spenders can also earn 1.5x points on all purchases larger than $5,000, up to one million points annually. It’s also one of the best metal business cards, making it aesthetically pleasing.
Additionally, cardholders can get a 35% airline bonus when using their points to pay for all or part of a flight with a qualifying airline booked on amextravel.com, up to 500,000 bonus points annually.
They also get up to $200 airline fee credit (in the form of statement credits) at one qualifying airline annually for baggage fees and other incidentals charged by the airline to your Business Platinum Card. Also, cardholders can take advantage of the Pay Over Time Option, a flexible payment option to help manage cash for purchases of $100 or more.
Your rewards points can be redeemed for cash or travel rewards. As this card earns Membership Rewards, you can transfer them to multiple 1:1 airline and hotel transfer partners.
Another benefit is a $200 Dell statement credit. You must enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms do apply so be sure to check the fine print.
New cardholders have the opportunity to earn 85,000 Membership Rewards as part of the welcome offer. To earn the 85,000 bonus points, you will need to spend $15,000 on eligible purchases in the first 3 months of account opening. Additionally, you earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, also within the first 3 months of card membership.
The annual fee is $595 (See Rates & Fees).
The Business Platinum Card is one of the best premium business rewards cards and therefore one of the best cards for self-employed people.
Capital One Spark Credit Cards
With the Capital One® Spark® Miles for Business, you earn unlimited 2 miles per $1 spent on every purchase, everywhere. You can redeem your miles for award travel or transfer to one of the 10+ Capital One airline transfer partners. You will also receive up to a $100 credit for one Global Entry or TSA PreCheck application fee.
For cash rewards, the Capital One® Spark® Cash for Business earns unlimited 2% back. You can redeem your points cash back at any time and in any amount.
Neither card charges a foreign transaction fee. The annual fee is $0 the first year and $95 each year after that. These are also some of the best business credit cards with no annual fees.
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.
Amazon Business Prime Card
The information for the Amazon Business Prime Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
If Amazon receives a sizable portion of your business spending, you might like the Amazon Business Prime Card. It doesn’t charge an annual fee or foreign transaction fee.
You can choose between 5% back or 90 days interest-free financing on these U.S.-based Amazon purchases:
- Amazon Business
- Whole Foods
And, you get 2% at the U.S.-based locations:
- Gas Stations
- Wireless Telephone Services
All remaining purchases earn 1% back.
You can redeem your points for Amazon.com or Amazon Business shopping credit. Or, you can request a purchase statement credit.
Southwest Rapid Rewards Premier Business Credit Card
If you live near a Southwest Airlines hub and fly regularly with another person, consider the Southwest Rapid Rewards® Premier Business Credit Card.
The signup bonus of 60,000 points after spending $3,000 in three months gives you a healthy jumpstart on earning the 125,000 points required to earn the Southwest Companion Pass. Or, you can fly 100 one-way flights in a calendar year. Once you earn the Companion Pass, your travel companion flies for the prices of fees and taxes for the rest of the year you earn the pass as well as the next year (so long as you fly with them).
You also earn 2 points per $1 on all Southwest and Rapid Rewards partner purchases. Plus, you get a 6,000-anniversary point bonus with each card renewal.
Marriott Bonvoy Business American Express Card
The Starwood Preferred Guest Business Credit Card from American Express is now the Marriott Bonvoy Business™ American Express® Card. With the Marriott Bonvoy Business American Express Card, you can earn some of the most valuable hotel rewards points available.
You earn 6x points at Marriott Bonvoy properties. Plus, you earn 4 points per $1 on these U.S. based purchases:
- Gas Stations
- Wireless service providers
- Shipping purchases
All non-bonus purchases earn unlimited 2 points per $1 spent.
Each card anniversary, you earn one free hotel night valid at any property that costs 35,000 points or less. Plus, you can earn an additional Free Night Award after you spend $60K in purchases within the calendar year. Awards can be used for one night at participating hotels (redemption level at or under 35,000 Marriott Bonvoy points). Note that certain hotels have resort fees.
The annual fee is $125 (See Rates & Fees).
Cardholders can also enjoy complimentary Marriott Bonvoy Silver Elite status. They can earn Gold Elite status after making $35,000 in eligible purchases on their card in a calendar year.
New Marriott Bonvoy Business™ American Express® Card cardholders can earn 75,000 Marriott Bonvoy points after making $3,000 in purchases within your first 3 months of card membership.
Summary of Best Credit Cards for Self-Employed Professionals
The best credit cards for self-employed professionals give you the option to earn bonus points on your largest and most common purchases. You can hopefully see why some of these cards are considered the best small business credit cards available. These cards also provide some of the best redemption values for cash or travel rewards.
- How to Apply and Qualify for a Small Business Credit Card?
- Best Business Credit Cards for Advertising Spending
- Best Business Credit Cards For Shipping Purchases
- What is the best Chase business credit card?
- Best Business Credit Cards For Office Supplies
For rates and fees of The Business Platinum Card® from American Express, please click here.
For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please click here.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
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 Self-Employed Professionals
- 2 Chase Ink Business Cash Credit Card
- 3 Chase Ink Business Preferred
- 4 The Business Platinum Card from American Express
- 5 Capital One Spark Credit Cards
- 6 Amazon Business Prime Card
- 7 Southwest Rapid Rewards Premier Business Credit Card
- 8 Marriott Bonvoy Business American Express Card
- 9 Summary of Best Credit Cards for Self-Employed Professionals