Do you have small business income or work as an independent contractor? Do you have side hustle either by yourself or via a company like Uber/Lyft, Amazon, eBay, Etsy, Airbnb, and so on? You are eligible to open a small business credit card, which offers the benefit of keeping your personal and business expenses separate. You can use the rewards earned for a company retreat (even if you’re the only employee) or simply to cover some business expenses. If you are not a corporation or LLC, you can apply as a sole proprietorship, with your name as the business name as your Social Security number as the Tax ID number. I did this for years successfully before incorporating my business.
Credit card companies are in heated competition right now, and they are offering strong perks and $500+ value for a single new card during the first year to try out a new card. These are the top 10 credit card offers that I would apply for in October 2018, if I didn’t already have most of them. Please see links provided for full details.
This is a companion post to my . Note that small business bonuses are on average even higher than those on consumer cards.
Note: Certain Chase cards have a “5/24 rule” which is an unofficial rule that they will automatically deny approval on new credit cards if you have 5 or more new credit cards from any issuer on your credit report within the past 2 years. This rule applies on a per-person basis, so if you are new, you might want to start with those Chase cards.
- 80,000 Ultimate Rewards points (worth $1,000 towards travel!) after $5,000 in purchases in the first 3 months. See link for details.
- 3X points on the first $150,000 spent on travel, shipping purchases, internet/cable/phone services, and advertising purchases with social media sites and search engines.
- Primary rental car coverage when renting for business purposes.
- $95 annual fee.
- Subject to 5/24 rule.
- $500 bonus cash back after $3,000 on purchases in the first 3 months. See link for details.
- Flat 1.5% cash back on all purchases with no limit.
- No annual fee.
- Subject to 5/24 rule.
- $500 bonus cash back after $3,000 on purchases in the first 3 months. See link for details.
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
- No annual fee.
- Subject to 5/24 rule.
- 70,000 American Airlines miles after $4,000 in purchases in the first 4 months. See link for details.
- First checked bag free on domestic flights perk ($60 value per roundtrip, per person).
- $0 annual fee for the first year, then $99.
- 60,000 Rapid Rewards points (redeemable for $900+ in Wanna Getaway airfare) after $3,000 in purchases in the first 3 months. See link for details.
- $99 annual fee.
- Combine with the Southwest Rapid Rewards Premier Consumer Card to earn the .
- Subject to 5/24 rule.
- $600 cash back. Earn a $200 statement credit after each $10,000 you spend in purchases, up to $30,000, within the first 3 months. See link for details.
- 1.5% early pay discount on all purchases which stacks on top of the bonus above.
- $0 annual fee for the first year, then $250.
- 50,000 Membership Rewards points (flexible, worth 50,000 miles at various airlines) after $5,000 in purchases in the first 3 months. See link for details.
- 3X points on one category of your choice, for example airfare purchased directly from airlines.
- $0 annual fee for the first year, then $175.
- $500 cash bonus after $4,500 in purchases within the first 3 months. See link for details.
- Flat 2% cash back on all purchases with no limit.
- $0 annual fee for the first year, then $95.
(Barclaycard)
- 50,000 Hawaiian miles after first purchase. See link for details.
- One-time 50% off companion discount for roundtrip coach travel between Hawaii and the Mainland on Hawaiian Airlines.
- $99 annual fee.
(Bank of America)
- 32,500 Hawaiian miles + Companion Fare after $1,000 in purchase within 90 days. See link for details.
- Companion fare voucher is “Buy one ticket, get one for just taxes and fees” ($0 fare plus taxes and fees from just $22).
- Free checked bag on Alaska flights for you and up to six other passengers on the same reservation.
- $50 annual fee for company, plus $25 per card.
(American Express)
- 100,000 bonus points. after $5,000 in purchases in the first 3 months. Note these are the new post-merger Marriott points (1 old Starpoint = 3 new Marriott point). See link for details.
- 1 Free Night Award every year after your Card account anniversary. Award can be used for one night (redemption level at or under 35,000 points) at a participating hotel.
- $0 annual fee for the first year, then $95.
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