Best free business credit cards for freelancers no annual fee: Self-employment comes with unique financial challenges, from managing irregular income to mounting business expenses. The right credit card for your needs can make a big difference by offering cash back, travel rewards or introductory APR benefits. A review of the best credit cards for freelancers in 2024, highlighting their unique benefits.
Best free business credit cards for freelancers no annual fee
1. Ink Business Unlimited® Credit Card
- KEY FEATURES:
- Reward: 1.5% Unlimited Cashback on all purchases.
- Annual Fee: No.
- Suitable for: Independent professionals who prefer ease of access to rewards.
- Additional Benefits: Great welcome bonus and access to Chase Ultimate Rewards.
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2. Chase Freedom Unlimited®
- KEY FEATURES:
- Rewards: Cashback and Ultimate Reward Points.
- Annual Fee: No.
- Introductory Offer: 0% APR on purchases for the first 12 months.
- Suitable for: Self-starters looking for flexibility and convenience.
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3. American Express Blue Business Cash™ Card
- KEY FEATURES:
- Rewards: 2% cash back on your first $50,000 in annual purchases.
- Annual Fee: No.
- Ideal for: Self-employed people who manage high monthly expenses.
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4. Ink Business Preferred® Credit Card
- KEY FEATURES:
- Rewards: Triple points on business purchases like travel, shipping and promotions.
- Annual Fee: $95.00.
- Best for: Frequent travelers or freelancers looking for versatile rewards.
5. American Bank Visa® Triple Cash Rewards Business Card
- KEY FEATURES:
- Reward: 3% cashback on eligible purchases like gas, office supplies and dining.
- Annual Fee: No.
- Introductory Offer: 0% APR for 15 months on purchases and balance transfers.
- Ideal for: Balance sheet savings on insurance premiums and interest.
Bank of America Unlimited Cash Rewards credit limit
6. Capital One Spark 1% Classic for Business
- KEY FEATURES:
- Rewards: 1% cash back on all purchases.
- Annual Fee: No.
- Suitable for: Independent professionals with good credit who want to build their credit and earn rewards at the same time.
Bank of America Premium Rewards Credit Limit
How to Choose the Right Credit Card for a Freelancer
1. Assess Your Spending Habits:
- Frequent flyers can avail bonus card.
- If you focus on day-to-day business purchases, opt for a cashback card.
2. Consider Introductory Offer Every Year:
- 0% APR cards can help manage your initial investment without high interest rates.
3. Evaluate your options for receiving rewards:
- Cashback or Travel Rewards: Choose based on your lifestyle preferences.
4. Consider Solvency Requirements:
- Make sure the credit card matches your current credit score.
5. Compensating Factors:
- Choose a card with no annual fee if you’re just starting out or have a low-income business.
Freelancers have different financial needs and the cards shown above serve different purposes, from earning credit to cash back to earning travel points. Choose a card that best meets your needs by evaluating your individual business expenses and personal financial preferences.
Be financially smart and discover how these cards can make your freelance journey easier and more rewarding!