5 Best Credit Cards For Freelancers
Freelancers have their set of beliefs and requirements concerning financial needs and budget management. They have various different sources of income, fluctuations in inflow and no specific direction of finances. Moreover, when it comes to paying taxes, they have to be more cautious and smart in their decisions. With these variations, it becomes very important for freelancers to have a thoughtful credit card and stay observant to choosing all required financial products.
Here are the top 5 credit cards for freelancers:
Chase Ink Business Cash Credit Card
Annual Fee: $0
APR: 0% for 12 Months
The key features of Chase Ink Business Cash Credit Card are:
• There is cashback of $500 after an expenditure of $3,000 in the first three months after account opening
• After 12 months the APR rises to a variable percentage ranging from 15.24% to 21.24%
• Foreign transaction fee is about 3%
• You can earn 5 points on every dollar spent on office supply stores
• You can earn 2 points per dollar spent on gas stations and restaurants
• You can earn 1 point per dollar spent on all the remaining purchases made by you
Capital One Spark Cash Credit Card
Annual Fee: $95
APR: 0% for 9 Months, later 14.74% – 22.74% Variable
The key features of Capital One Spark Cash Credit Card are:
• You can earn unlimited cash back of about 2% on all your purchases
• First year there is no annual fees and then there is a charge of $95 every year
• You get a sign-up bonus of $500 after you spend $5000 within the first three months of credit card account
• You earn an introductory benefit of $1,500 after you spend $50,000 within first six months after credit card activation
• There is no foreign transaction fee on the card
American Express Plum Card
Annual Fee: $250
APR: 0% for 9 Months and later 14.74% – 22.74% Variable
The key features of the American Express Plum Charge Card are:
• The credit card is one of the best credit cards for freelancers with the unpredictable and fluctuating flow of income
• You tend to enjoy a grace period of 60 days for payment
• You tend to enjoy a 1.5% discount on the due payment, if you make an advance payment before the actual due date
• There is no predefined limit for spending
• You have the choice of selecting your own billing cycle
• You get an additional Employee Cards with no annual fee and special discounts for employees
Discover it Miles
Annual Fee: $0
APR: 0% for 14 Months and later 10.99%
The key features of Discover it Miles are:
• It is a good travel reward card for freelancers indulged in travel and tourism
• You can earn 1.5 miles on every dollar spent
• You can even earn special discounts and offers in addition to all your points
• You can even get to enjoy a wifi service in-flight at an additional price of $30 every year
• There are no blackout dates
• You can have a free FICO Credit Score on all your monthly statements
• You can freeze your account whenever required and then activate conveniently for new purchases
American Express Business Platinum Card
Annual Fee: $450
APR: 0%
The key features of American Express Business Platinum Card are:
• This is a premium credit card for freelancers with a high annual fee
• You can earn 2 points on every dollar spent on the travel website of American Express
• You can get a discount of $2000 on fees concerning flight services like in-flight refreshments and checked baggage
• You can earn complimentary access to various lounges
• You can earn statement credit for various travel related purchases
• You get a sign-up bonus of 40,000 points after an expenditure of $5,000 within the first three months
• You can earn 50,000 points after an expenditure of $10,000 within the first three months
• You can earn 1 point on every dollar spent on all purchases using the card
• You can earn 1.5 points on every dollar after a single purchase of $5,000
