7 Best Sole Proprietorship Business Credit Cards of 2022

Sole proprietorship business credit cards are becoming more important as the need to run a business without having personal debt becomes clearer. The process of getting your own card can be confusing and lengthy, but with the right information you can get approved in no time!

The “best business credit cards for sole proprietor” is a list of the 7 best credit cards that are available to sole proprietors.

Editor’s note: This is a periodic piece containing card information that is updated on a regular basis.

As a lone entrepreneur, you should seek for cards that help you save money on every transaction via rewards and introductory offers when choosing the finest business credit card. When utilized toward a statement credit, cash back incentives may help retain more money in your company, and points awards can do the same when spent on business items and services. Additionally, virtually every card we’ve featured includes a 0% introductory annual percentage rate (APR) for the first 12 months, allowing you to save money on interest-free purchases for the first year.

We’ve compiled a list of the finest credit cards for single proprietorship businesses:

Do you want to compare the attributes of two cards? We’ve made it simple for you to do so! To add up to three cards to your basket, just check them off on this page. You’ll be able to compare the information in a side-by-side comparison this way.

Best Overall Business Credit Card for Sole Proprietors: Chase Ink Business Unlimited®

Credit Card Ink Business Unlimited®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Getting 1.5 percent cash back on each and every transaction

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Chase’s Protected Website

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Intro APR

On purchases, there is a 0% introductory APR.

APR on a regular basis

Variable 13.24 percent – 19.24 percent

• After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
• Earn an unlimited amount of 1.5 percent cash back on all purchases made for your company.
• There is There is There is There is There is There is no yearly charge……
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• Employee cards allow you to earn rewards quicker and at no extra expense. To get more control over your spending, set specific spending limitations.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• On purchases, there is a 0% introductory APR.
• On all purchases, you’ll get unlimited cash back incentives.

Cons

• Balance transfers are not eligible for the introductory APR period.
• Balance transfer fees are 5%.
• Charges fees for international transactions.
• To qualify, you must have outstanding credit.

• When renting a car for business, the collision damage waiver is primary, meaning it substitutes any personal insurance coverage you may have; it covers compensation up to the real cash value of the vehicle for theft and collision damage for most automobiles in the US and internationally.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
• On qualified warranties of three years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Intro APR

On purchases, there is a 0% introductory APR.

APR on a regular basis

Variable 13.24 percent – 19.24 percent

Credit is required.

Good, Excellent

• After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
• Earn an unlimited amount of 1.5 percent cash back on all purchases made for your company.
• There is There is There is There is There is There is no yearly charge……
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• Employee cards allow you to earn rewards quicker and at no extra expense. To get more control over your spending, set specific spending limitations.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• On purchases, there is a 0% introductory APR.
• On all purchases, you’ll get unlimited cash back incentives.

Cons

• Balance transfers are not eligible for the introductory APR period.
• Balance transfer fees are 5%.
• Charges fees for international transactions.
• To qualify, you must have outstanding credit.

• When renting a car for business, the collision damage waiver is primary, meaning it substitutes any personal insurance coverage you may have; it covers compensation up to the real cash value of the vehicle for theft and collision damage for most automobiles in the US and internationally.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
• On qualified warranties of three years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Why we like it: The Chase Ink Business Unlimited® card offers 1.5% cash back on every purchase with There is There is There is There is There is There is no yearly charge……. It also offers a 0% intro annual percentage rate (APR) on purchases for the first 12 months. You’ll be rewarded as a new card member with $750 cash back when you spend $7,500 in the first three months. If you’re a sole proprietor with a lot on your plate, you’ll like this card—it’s straightforward and uncomplicated, and it’s our number one choice for the best credit card for startup businesses.

Chase Ink Business Cash® is ideal for sole proprietors who work from home.

Credit Card Ink Business Cash®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Businesses that are headquartered in an office and wish to earn a lot of money back

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Chase’s Protected Website

Compare with

Intro APR

On purchases, there is a 0% introductory APR.

APR on a regular basis

Variable 13.24 percent – 19.24 percent

• After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
• Each account anniversary year, get 5% cash back on the first $25,000 spent in combined purchases at office supply retailers and on internet, cable, and phone services.
• Each account anniversary year, get 2% cash back on the first $25,000 spent in combined gas station and restaurant expenditures. On all other purchases, you’ll get 1% cash back.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
• There is There is There is There is There is There is no yearly charge……
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• Spending on office supplies reaps the most benefits.
• On purchases, there is an introductory APR.
• Sign-up bonus in cash

Cons

• Balance transfers are not eligible for the 0% APR.
• A 5% balance transfer fee is charged.
• Designed mostly for office-based businesses.

• When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most automobiles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year..
• On qualified warranties of 3 years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Intro APR

On purchases, there is a 0% introductory APR.

APR on a regular basis

Variable 13.24 percent – 19.24 percent

Credit is required.

Good, Excellent

• After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
• Each account anniversary year, get 5% cash back on the first $25,000 spent in combined purchases at office supply retailers and on internet, cable, and phone services.
• Each account anniversary year, get 2% cash back on the first $25,000 spent in combined gas station and restaurant expenditures. On all other purchases, you’ll get 1% cash back.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
• There is There is There is There is There is There is no yearly charge……
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• Spending on office supplies reaps the most benefits.
• On purchases, there is an introductory APR.
• Sign-up bonus in cash

Cons

• Balance transfers are not eligible for the 0% APR.
• A 5% balance transfer fee is charged.
• Designed mostly for office-based businesses.

• When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most automobiles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year..
• On qualified warranties of 3 years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Why we like it: If your home office expenses include internet, phone, and office supplies, you’ll get an impressive 5% cash back on these purchases with the Chase Ink Business Cash® card (up to $25,000). You’ll also get 2% cash back on the first $25,000 spent at gas stations and restaurants and 1% cash back on all other purchases. Similar to the Chase Ink Business Unlimited® card, this card offers a $750 cash back bonus after spending $7,500 in the first three months. There’s There is There is There is There is There is There is no yearly charge……, and it has a 0% intro APR for the first 12 months.

Best for Everyday Sole Proprietor Expenses: American Express® Blue Business® Plus

American Express’s Blue Business® Plus Credit Card

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

2x points per $1 and a 0% introductory APR for the first 12 months

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on American Express’s Blue Business® Plus Credit Card’s secure website.

Compare with

Intro APR

Purchases are tax-free.

APR on a regular basis

Variable 13.49 percent – 21.49 percent

Credit is required.

Good, Excellent

• Spend $3,000 in qualifying purchases on the Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
• On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
• With Increased purchasing power, you have the ability to spend your Card above its credit limit*.
• *There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• 0.On purchases, there is a 0% introductory APR. for 12 months from the date of account opening, then a variable rate, 13.49% – 21.49%, based on your creditworthiness and other factors at account opening.
• There is There is There is There is There is There is no yearly charge……
• Terms and Conditions apply.

Pros

• There is There is There is There is There is There is no yearly charge……
• Purchases and balance transfers get a 0% APR for 12 months.
• Bonus points for new customers
• Increased purchasing power
• Rewards at a set rate

Cons

• Cash advances are not permitted.
• There is no cost for international transactions.
• The amount of money you may spend to get 2x points is restricted at $50,000.

• If the original manufacturer’s warranty is shorter than two years, American Express will match the term of the guarantee. If the original manufacturer’s warranty is between 2 and 5 years, it offers an extra 2 years. Each year, coverage is capped at $10,000 per incident and $50,000 per account.
• Purchase protection: If an item bought with the card is damaged or stolen within 120 days of purchase, the issuer will repair, replace, or refund you. The maximum coverage is $1,000 per event and $50,000 per account per year.

Intro APR

Purchases are tax-free.

APR on a regular basis

Variable 13.49 percent – 21.49 percent

Credit is required.

Good, Excellent

• Spend $3,000 in qualifying purchases on the Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
• On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
• With Increased purchasing power, you have the ability to spend your Card above its credit limit*.
• *There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• 0.On purchases, there is a 0% introductory APR. for 12 months from the date of account opening, then a variable rate, 13.49% – 21.49%, based on your creditworthiness and other factors at account opening.
• There is There is There is There is There is There is no yearly charge……
• Terms and Conditions apply.

Pros

• There is There is There is There is There is There is no yearly charge……
• Purchases and balance transfers get a 0% APR for 12 months.
• Bonus points for new customers
• Increased purchasing power
• Rewards at a set rate

Cons

• Cash advances are not permitted.
• There is no cost for international transactions.
• The amount of money you may spend to get 2x points is restricted at $50,000.

• If the original manufacturer’s warranty is shorter than two years, American Express will match the term of the guarantee. If the original manufacturer’s warranty is between 2 and 5 years, it offers an extra 2 years. Each year, coverage is capped at $10,000 per incident and $50,000 per account.
• Purchase protection: If an item bought with the card is damaged or stolen within 120 days of purchase, the issuer will repair, replace, or refund you. The maximum coverage is $1,000 per event and $50,000 per account per year.

Why we like it: When your expenditures are low and you won’t be spending more than $50,000 in a single calendar year, you can earn 2x points on all eligible purchases with the American Express® Blue Business® Plus card. After you exceed $50,000 in a single calendar year, you’ll earn 1x points on all eligible purchases until January 1. Points can be used for gift cards, electronics—including Apple products—travel, and merchandise. You get a 0% APR for the first 12 months with There is There is There is There is There is There is no yearly charge……, and you can earn 15,000 Membership Rewards® points after spending $3,000 in eligible purchases in the first three months. It’s one of our picks for best small business credit cards.

For sole proprietors, the The American Express® Business Gold Card is a credit card issued by American Express. is the best option for flexible rewards.

The American Express® Business Gold Card is a credit card issued by American Express.

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Getting the most out of your incentives in the two areas where you spend the most

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on The American Express® Business Gold Card is a credit card issued by American Express.’s secure website.

Compare with

APR on a regular basis

Variable 14.49 percent – 22.49 percent

Credit is required.

Good, Excellent

• Spend $10,000 on qualifying purchases with the Business Gold Card during the first three months of Card Membership to earn 70,000 Membership Rewards® points.
• MORE REWARDS: Earn 4X Membership Rewards® points in the two areas where your company spends the most money each month. Other purchases give you 1X points. **
• **The first $150,000 in combined purchases from these two categories each calendar year earns you 4X points.
• AIRLINE BONUS: Earn 25% back after using points to book all or part of a qualifying flight with Amex Travel, up to 250,000 points per calendar year*.
• OPTION TO PAY OVER TIME: Choose whether to pay for qualifying items in full each month or to pay over time with interest.
• *Terms and Conditions apply.

Pros

• Every month, earn 4x points in two categories.
• Pay qualifying charges over time with interest, or make a monthly payment in full.

Cons

• You’ll have to pay a hefty $295 yearly charge.
• There are no options for interest-free financing.

• Free premium roadside assistance up to four times each year. Towing up to 10 miles, winching, jump starts, flat tire changing, lockout service while the key is in the car, and up to two gallons of gas delivery are all available.
• When a retailer refuses to accept returns of undamaged merchandise, American Express will repay you for qualified purchases. Coverage is restricted to 90 days from the date of purchase, a maximum of $300 per item, and $1,000 per year.
• Baggage insurance: You may get up to $1,250 in coverage for carry-on luggage and $500 for checked luggage if your luggage is lost, damaged, or stolen.
• Purchases with valid warranties of five years or fewer are eligible for an extended warranty of one year.
• Purchase protection: Within 90 days after purchase, new items are covered against damage or theft. The maximum amount of coverage is $1,000 per occurrence.

APR on a regular basis

Variable 14.49 percent – 22.49 percent

Credit is required.

Good, Excellent

• Spend $10,000 on qualifying purchases with the Business Gold Card during the first three months of Card Membership to earn 70,000 Membership Rewards® points.
• MORE REWARDS: Earn 4X Membership Rewards® points in the two areas where your company spends the most money each month. Other purchases give you 1X points. **
• **The first $150,000 in combined purchases from these two categories each calendar year earns you 4X points.
• AIRLINE BONUS: Earn 25% back after using points to book all or part of a qualifying flight with Amex Travel, up to 250,000 points per calendar year*.
• OPTION TO PAY OVER TIME: Choose whether to pay for qualifying items in full each month or to pay over time with interest.
• *Terms and Conditions apply.

Pros

• Every month, earn 4x points in two categories.
• Pay qualifying charges over time with interest, or make a monthly payment in full.

Cons

• You’ll have to pay a hefty $295 yearly charge.
• There are no options for interest-free financing.

• Free premium roadside assistance up to four times each year. Towing up to 10 miles, winching, jump starts, flat tire changing, lockout service while the key is in the car, and up to two gallons of gas delivery are all available.
• When a retailer refuses to accept returns of undamaged merchandise, American Express will repay you for qualified purchases. Coverage is restricted to 90 days from the date of purchase, a maximum of $300 per item, and $1,000 per year.
• Baggage insurance: You may get up to $1,250 in coverage for carry-on luggage and $500 for checked luggage if your luggage is lost, damaged, or stolen.
• Purchases with valid warranties of five years or fewer are eligible for an extended warranty of one year.
• Purchase protection: Within 90 days after purchase, new items are covered against damage or theft. The maximum amount of coverage is $1,000 per occurrence.

Why we like it: Where do you spend the most of your money? You may earn large Membership Rewards® points in any two areas, including flights, advertising, computer hardware, software, and cloud systems, gas stations, restaurants, and shipping. Each calendar year, you’ll receive 4x points for the first $150,000 in combined purchases from those two categories, and 1x points for anything afterwards. For the first 12 months, you’ll also enjoy a 0% introductory APR.

If you make frequent business trips, the annual fee for the The American Express® Business Gold Card is a credit card issued by American Express. pays for itself pretty quickly. If you book your flight with Amex Travel using Membership Rewards® points, you can get 25% of those points back, up to 250,000 points per year. You’ll also get baggage and car rental insurance, emergency travel assistance, and no foreign transaction fees.

Amazon Business Prime is a subscription service for businesses. The American Express Card is the best option for repeat Amazon purchases.

American Express Card for Amazon Business Prime

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

5% cash back or a 90-day payback period

Apply Now

on American Express Card for Amazon Business Prime’s secure website.

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APR on a regular basis

Variable 14.49 percent – 22.49 percent

Credit is required.

Good, Excellent

• Eligible Prime Members get a $125 Amazon.com Gift Card upon approval for the American Express Card for Amazon Business Prime.
• With a qualified Prime membership, you may get 5% back or 90-day terms on purchases made in the United States at Amazon.com, Amazon Business, AWS, and Whole Foods Market. You’ll get 5% back on your first $120,000 in purchases each calendar year, and 1% back after that.
• 2% back at U.S. restaurants, petrol stations, and cellular phone services bought directly from U.S. suppliers
• 1% cash back on all other purchases
• There is no yearly charge.
• Amazon and Amazon Company provide a large product variety to support your business, as well as American Express service. Keep your concentrate on your key business concerns, knowing that we’ve got your back.
• You may select when to redeem non-expiring prizes. Redeem your points for millions of things at Amazon.com and Amazon Business (US) at checkout, or apply them to a transaction on your statement.
• Terms and Conditions apply..

Pros

• Upon acceptance, you will get a $125 Amazon gift card.
• Interest-free financing alternatives or a 5% incentive
• There are no yearly or international transaction fees.

Cons

• There is no introductory APR of 0%.
• Only available to Amazon Prime members
• Transfers of balances are not permitted.

• Return protection: If an item bought within 90 days cannot be returned to the retailer, American Express will give a refund. Refunds are capped at $300 per item, with a maximum of $1,000 per cardmember, every calendar year.
• When you pay for your trip with your card, you may be reimbursed for lost, damaged, or stolen luggage. American Express will pay up to $1,250 per insured passenger for carry-on baggage and up to $500 for checked baggage.
• Car rental insurance: Get up to $50,000 in coverage for car rental theft or damage. Cardholders may opt out of the motor rental agency’s collision insurance.

APR on a regular basis

Variable 14.49 percent – 22.49 percent

Credit is required.

Good, Excellent

• Eligible Prime Members get a $125 Amazon.com Gift Card upon approval for the American Express Card for Amazon Business Prime.
• With a qualified Prime membership, you may get 5% back or 90-day terms on purchases made in the United States at Amazon.com, Amazon Business, AWS, and Whole Foods Market. You’ll get 5% back on your first $120,000 in purchases each calendar year, and 1% back after that.
• 2% back at U.S. restaurants, petrol stations, and cellular phone services bought directly from U.S. suppliers
• 1% cash back on all other purchases
• There is no yearly charge.
• Amazon and Amazon Company provide a large product variety to support your business, as well as American Express service. Keep your concentrate on your key business concerns, knowing that we’ve got your back.
• You may select when to redeem non-expiring prizes. Redeem your points for millions of things at Amazon.com and Amazon Business (US) at checkout, or apply them to a transaction on your statement.
• Terms and Conditions apply..

Pros

• Upon acceptance, you will get a $125 Amazon gift card.
• Interest-free financing alternatives or a 5% incentive
• There are no yearly or international transaction fees.

Cons

• There is no introductory APR of 0%.
• Only available to Amazon Prime members
• Transfers of balances are not permitted.

• Return protection: If an item bought within 90 days cannot be returned to the retailer, American Express will give a refund. Refunds are capped at $300 per item, with a maximum of $1,000 per cardmember, every calendar year.
• When you pay for your trip with your card, you may be reimbursed for lost, damaged, or stolen luggage. American Express will pay up to $1,250 per insured passenger for carry-on baggage and up to $500 for checked baggage.
• Car rental insurance: Get up to $50,000 in coverage for car rental theft or damage. Cardholders may opt out of the motor rental agency’s collision insurance.

Why we like it: If you often purchase business-related goods through Amazon, you can earn substantial cash back when you use the American Express Card for Amazon Business Prime. With every purchase, you’ll get 5% cash back that you can spend on Amazon Business, Amazon Web Services (AWS), Amazon.com, and Whole Foods Market up to the first $120,000 each calendar year. You could also opt for a 90-day interest-free billing cycle instead. Get 2% back at restaurants, gas stations, and wireless phone services and 1% back on all other eligible purchases.

There’s There is There is There is There is There is There is no yearly charge…… outside of the Amazon Business Prime membership fee of $69 a year for one account user. As an Amazon Business Prime member, you’ll gain access to quantity discounts as well as thousands of products only available to Business users. In addition, for the first 12 months, you’ll get a 0% introductory APR, and when your card application is approved, you’ll receive a $125 bonus Amazon.com gift card.

There’s There is There is There is There is There is There is no yearly charge…… for this card outside of the Amazon Business Prime membership fee.

For sole proprietors, the Business Platinum Card from U.S. Bank is the best option for balance transfers.

Business Platinum Card from U.S. Bank

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Purchases and balance transfers have a longer 0% APR term.

Apply Now

On the secure website of US Bank

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APR on a regular basis

Variable between 11.99 and 20.99 percent

• For the first 18 billing cycles, get a 0% intro APR* on purchases and debt transfers. Then there’s the variable APR, which ranges from 11.99 percent to 20.99 percent right now.
• There is There is There is There is There is There is no yearly charge……*
• Employee cards are available at no cost.
• You’re protected against illegal transactions with zero fraud liability*.

Pros

• Offers a lengthy introductory rate of 0% APR.
• Purchases and balance transfers are both eligible for a 0% APR.
• There is There is There is There is There is There is no yearly charge……

Cons

• There are no initial or continuing incentives.
• Even during the promotional period, there is a balance transfer cost.
• To be considered, you must have an excellent credit score.

• For warranties of three years or less, U.S. Bank will double the original manufacturer’s warranty and provide an extra year of coverage. The amount of coverage is capped at $10,000 per item.
• Purchase protection: Within 90 days of purchase, U.S. Bank provides purchase protection for things that are damaged or stolen. The coverage is restricted to $500 per claim and $50,000 per year per cardholder.

APR on a regular basis

Variable between 11.99 and 20.99 percent

• For the first 18 billing cycles, get a 0% intro APR* on purchases and debt transfers. Then there’s the variable APR, which ranges from 11.99 percent to 20.99 percent right now.
• There is There is There is There is There is There is no yearly charge……*
• Employee cards are available at no cost.
• You’re protected against illegal transactions with zero fraud liability*.

Pros

• Offers a lengthy introductory rate of 0% APR.
• Purchases and balance transfers are both eligible for a 0% APR.
• There is There is There is There is There is There is no yearly charge……

Cons

• There are no initial or continuing incentives.
• Even during the promotional period, there is a balance transfer cost.
• To be considered, you must have an excellent credit score.

• For warranties of three years or less, U.S. Bank will double the original manufacturer’s warranty and provide an extra year of coverage. The amount of coverage is capped at $10,000 per item.
• Purchase protection: Within 90 days of purchase, U.S. Bank provides purchase protection for things that are damaged or stolen. The coverage is restricted to $500 per claim and $50,000 per year per cardholder.

Why we like it: If you have balances on other high-interest business credit cards, consolidate your debt with a balance transfer at 0% APR for a full 18 months. If you need to make large purchases, take advantage of the 18-month 0% introductory period to pay them off. You can finance these large purchases interest-free if you pay off your balance by the time the introductory APR ends. The Business Platinum Card from U.S. Bank doesn’t offer any rewards, so it’s best for sole proprietors looking to reduce or eliminate their debt.

For Sole Proprietors With Good Credit, Spark® Classic for Business by Capital One® is the best option.

Spark® Classic for Business by Capital One®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Owners of fair credit businesses (580 to 669)

Apply Now

on Spark® Classic for Business by Capital One®’s secure website.

Compare with

APR on a regular basis

269,9% (Variable)

Credit is required.

Average, Reasonable, and Limited

• Every time you swipe, you’ll get 1% cash back.
• Build your company’s credit by using it responsibly.
• Employee cards may be distributed for free.

Pros

• Possibility of obtaining business credit
• Fair credit is all that is required.
• There is There is There is There is There is There is no yearly charge……

Cons

• There is no introductory APR of 0%.
• There is no sign-up incentive.
• High APR

• Purchase protection: If your qualifying products are stolen or damaged during the first 90 days of purchase, Capital One will replace, repair, or refund you.
• Extended warranty protection: On qualifying products bought with your business card, you’ll receive an extra year of warranty protection, up to one year beyond the manufacturer’s guarantee.
• Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Spark® Classic for Business by Capital One® card.

APR on a regular basis

269,9% (Variable)

Credit is required.

Average, Reasonable, and Limited

• Every time you swipe, you’ll get 1% cash back.
• Build your company’s credit by using it responsibly.
• Employee cards may be distributed for free.

Pros

• Possibility of obtaining business credit
• Fair credit is all that is required.
• There is There is There is There is There is There is no yearly charge……

Cons

• There is no introductory APR of 0%.
• There is no sign-up incentive.
• High APR

• Purchase protection: If your qualifying products are stolen or damaged during the first 90 days of purchase, Capital One will replace, repair, or refund you.
• Extended warranty protection: On qualifying products bought with your business card, you’ll receive an extra year of warranty protection, up to one year beyond the manufacturer’s guarantee.
• Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Spark® Classic for Business by Capital One® card.

Why we like it: This easy-to-use card with There is There is There is There is There is There is no yearly charge…… offers 1% cash back on all business purchases with no cap on the number of rewards you can earn, and rewards will never expire. You can use it to pay for any business purchase without needing to keep track of spending categories. If you’re a sole proprietor with fair credit (580 to 669), the Spark® Classic for Business by Capital One® card can help you grow your credit score if you make consistent on-time payments. Keep in mind that it’s important to pay the balance for each statement period since the APR for this card is 26.99%.

Applying for a Business Credit Card as a Sole Proprietor

It’s a good idea to know your credit score before applying for a company credit card as a lone entrepreneur. The majority of business credit cards are meant for company owners with good to exceptional credit, but there are a handful that are created for business owners with fair credit, such as the Capital One Spark Classic card. You’ll need to supply your Social Security number and tax identification number when applying for a single proprietor business card (TIN).

How We Assessed Business Credit Cards for Sole Proprietors

We searched for cards that provide the greatest flexibility for a range of expenditures while analyzing the top business credit cards for single owners. Low interest rates and fees, as well as promotional incentives and awards, were also considered.

Conclusion

The ideal credit card for lone proprietors is one that matches your spending habits. A card with limitless spending capacity may be the ideal option for you if your monthly purchases don’t fall into just one or two categories. In the long term, maximizing the 0% introductory APR period and collecting introductory and recurring incentive rewards can help your company save more money.

The “business credit cards for sole proprietor with bad credit” are the best options to consider when looking for a card that will help you get started on your business. They have low fees and interest rates, which is perfect for someone who has had trouble getting approved by banks.

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