5 Best Sole Proprietorship Business Credit Cards 2021
As a sole proprietorship business owner, it’s important to have a credit card that fits your specific needs and spending habits. Choosing the right credit card can help you earn rewards, establish your credit score, and simplify your accounting process. In this article, we’ll take a look at the 5 best sole proprietorship business credit cards for 2021.
Chase Ink Business Preferred Card
If you’re looking for a credit card that offers a generous sign-up bonus and multiple reward categories, the Chase Ink Business Preferred Card might be the perfect fit for you. This card offers 3x points on travel, shipping, internet, cable, and phone services, as well as advertising purchases made through social media and search engines. Additionally, you can earn 100,000 bonus points after spending $15,000 within the first 3 months of opening your account.
Another great feature of the Chase Ink Business Preferred Card is that it offers a cell phone protection benefit when you pay your monthly bill with your card. This benefit can reimburse you up to $600 per claim for damage or theft to your eligible cell phone, with a maximum of 3 claims per 12-month period.
American Express Blue Business Cash Card
The American Express Blue Business Cash Card is a great option for sole proprietors who want a straightforward rewards program that doesn’t require tracking categories. This card offers 2% cash back on all eligible purchases up to $50,000 per calendar year, and 1% cash back on purchases made after that.
One unique feature of the American Express Blue Business Cash Card is that it offers a 0% introductory APR on purchases and balance transfers for the first 12 months after opening your account. This can be a valuable tool for managing your cash flow and paying off any existing debt.
Capital One Spark Cash for Business
The Capital One Spark Cash for Business card is a great option for business owners who want a flat-rate rewards program and no annual fee for the first year. This card offers 2% cash back on all eligible purchases, with no limit to the amount you can earn.
In addition to the cash back rewards, the Capital One Spark Cash for Business card also offers travel and emergency assistance services, as well as purchase protection and extended warranties on eligible items.
CitiBusiness AAdvantage Platinum Select World Mastercard
If you’re a sole proprietor who frequently travels for business, the CitiBusiness AAdvantage Platinum Select World Mastercard might be the perfect fit for you. This card offers 2x miles on eligible American Airlines purchases, as well as telecommunications merchants, cable and satellite providers, car rental merchants, and gas stations. You can also earn a generous sign-up bonus of 65,000 American Airlines AAdvantage bonus miles after spending $4,000 within the first 4 months of opening your account.
Other valuable benefits of the CitiBusiness AAdvantage Platinum Select World Mastercard include a free checked bag on domestic American Airlines flights, preferred boarding, and a 25% discount on eligible in-flight purchases.
Discover it Business Card
The Discover it Business Card is a great option for sole proprietors who want a flexible rewards program that changes with the seasons. This card offers 1.5% cash back on all eligible purchases, with no limit to the amount you can earn. Additionally, Discover will match all of the cash back you earn in your first year of card membership.
Another unique feature of the Discover it Business Card is that it offers quarterly cash back bonuses on select categories, such as restaurants, gas stations, and Amazon.com purchases. This can be a great way to earn even more cash back on your everyday business expenses.
As a sole proprietorship business owner, choosing the right credit card can make a big difference in your day-to-day operations and long-term financial health. By considering the features, rewards, and benefits of each of these 5 credit cards, you can make an informed decision that fits your unique needs and goals. Don’t hesitate to do your own research and compare additional options before making a final decision.
Thank you for taking the time to read this article, and we hope that it has been helpful in your search for the best sole proprietorship business credit card. Until next time, happy spending and best of luck with your business endeavors!
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