Best Business Credit Cards For Contractors

Are you a contractor looking for the best business credit card that suits your needs? With a plethora of options available in the market, it can be daunting to pick the right one. But don't worry! We, at Flik Eco, have done the legwork for you. Get ready for a comprehensive guide on the best business credit cards for contractors, featuring their unique benefits and rewards that make each of them a top contender.

1. American Express Blue Business Cash Card

If you're looking for a no-annual-fee card that rewards cashback on all your expenses, consider the American Express Blue Business Cash Card. This is a perfect choice for contractors who want to keep things simple and straightforward.

• 2% cash back: Earn 2% cashback on all eligible purchases on up to $50,000 per calendar year, then 1%.
• Expanded Buying Power: Ability to spend beyond your credit limit when needed – ideal for contractors with varying costs.
• Introductory Offers: Enjoy a 0% introductory APR on purchases for 12 months.

2. Ink Business Preferred Credit Card

Contractors who travel a lot and need to stay connected will find the Ink Business Preferred Credit Card by Chase to be the ideal choice. Not only does this card offer great travel benefits, but it also rewards your communication expenses.

• Sign-up Bonus: Earn 100,000 bonus points after spending $15,000 within the first three months.
• 3x Points: Get 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping, advertising, and internet, cable, and phone services per account anniversary year.
• Travel Benefits: Enjoy travel perks such as trip cancellation and interruption insurance, car rental coverage, and more.

3. Capital One Spark Cash for Business

Contractors who prefer an uncomplicated, flat-rate cashback card will find delight in the Capital One Spark Cash for Business. This card offers a generous cashback rate on all purchases, with no cap on the amount you can earn.

• 2% cashback: Earn unlimited 2% cashback on all purchases.
• Sign-up Bonus: Get a $500 cash bonus after you spend $4,500 within the first 3 months.
• Annual Fee: $0 introductory annual fee for the first year, then $95.

4. Bank of America Business Advantage Cash Rewards Mastercard

For contractors, every expense counts. The Bank of America Business Advantage Cash Rewards Mastercard offers a tiered cashback system that rewards your business costs with increasing benefits.

• Cashback Rates: Get 3% cashback on your choice of one of the six following categories: gas stations, office supply stores, travel, dining, television services, and computer services; 2% cashback at restaurants and gas stations; and 1% on all other purchases.
• Sign-up Bonus: Earn a $300 statement credit after making $3,000 in purchases within the first 90 days.
• Annual Fee: None.

Best Business Credit Cards For Contractors Example:

Let's imagine you're a contractor who frequently travels and heavily relies on internet and phone services. In this scenario, the Ink Business Preferred Credit Card can be a perfect match. With its 3x points on travel and communication-related expenses, you could rack up rewards quickly.

For instance, if you spend $50,000 per year in these categories, you'd accumulate 150,000 points (3 points x $50,000). These points can then be redeemed for travel, cashback, or other rewards, giving you great value for the expenses you're already incurring.

And there you have it - the best business credit cards for contractors, each with their own unique features tailored to your specific needs. With this guide in hand, you can now make a more informed decision to select the credit card that perfectly fits your requirements and helps your contracting business prosper.

As always, we at Flik Eco are committed to helping you simplify your financial life. If you found this guide helpful, don't forget to share it with your fellow contractors and explore our other guides on personal finance and investing!