Advertiser Disclosure

Best Credit Card Offers for Freelancers

March 10, 2015
Business Credit Cards, Credit Cards
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

When you’re a freelancer, it’s important to choose a credit card offer that suits your business needs. As a self-employed individual, you may find that both business credit cards and consumer cards have attractive features.

Many freelancers have relatively low overhead, so paying an annual fee rarely makes sense. Still, you want to get high rewards on your spending and good card benefits. The Nerds are here to help. Check out these three cards with high rewards and no annual fees for your freelance business.

Ink Business Cash℠ Credit Card: Cash in on your small business spending

Ink Business Cash℠ Credit Card

Ink Business Cash℠ Credit Card

Apply Now on Chase's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • Intro APR period on Purchases
    • High rewards rates in certain categories
    • Sign-up bonus

    Cons

    • Requires good/excellent credit
    • Spending caps in bonus categories
    • Low rewards rate outside bonus categories

    Annual Fees

    $0

    APR

    • APR: 15.24% - 21.24% Variable APR
    • Cash Advance APR: 26.99%, Variable

    Bonus Offers

    Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

    Intro APR

    • 0% on Purchases for 12 months
  • Additional Information
    • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
    • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
    • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
    • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
    • 0% introductory APR for 12 months on purchases
    • Employee cards at no additional cost
    • No Annual Fee

If your freelance spending lines up with typical small business spending habits, the Ink Business Cash℠ Credit Card might be the card for you. You’ll enjoy:

  • 5% cash back on office supplies and cable/telecom services, up to $25,000 spent annually
  • 2% on gas and restaurants, also up to $25,000 spent annually
  • Unlimited 1% elsewhere

There’s also a sign-up bonus: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening..

The Ink Business Cash℠ Credit Card has a $0 annual fee and a 0% on Purchases for 12 months, and then the ongoing APR of 15.24% - 21.24% Variable APR.

» MORE: NerdWallet’s best small business credit cards

Citi® Double Cash Card – 18 month BT offer: Double the rewards with responsible card usage

Citi<sup>®</sup> Double Cash Card – 18 month BT offer

Citi® Double Cash Card – 18 month BT offer

Apply Now on Citibank's secure application
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • No annual fee
    • Intro APR period on Balance Transfers

    Cons

    • No sign-up bonus
    • No 0% APR for purchases
    • $25 minimum redemption

    Annual Fees

    $0

    APR

    • APR: 15.74% - 25.74% Variable APR
    • Penalty APR: Up to 29.99%, Variable
    • Cash Advance APR: 26.99%, Variable

    Bonus Offers

    None

    Intro APR

    • 0% on Balance Transfers for 18 months
  • Additional Information
    • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
    • To earn cash back, pay at least the minimum due on time.
    • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74%– 25.74% based on your creditworthiness.
    • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
    • Balance Transfers do not earn cash back.
    • The standard variable APR for Citi Flex Plan is 15.74%– 25.74% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

If you want cash back on your purchases, and your spending doesn’t fit in with the Chase categories, the Citi® Double Cash Card – 18 month BT offer is a great option. You’ll earn 1% back on your purchases when you make them and another 1% back when you pay them off. You can redeem your cash back in the form of statement credit, gift cards or check, starting at $25.

The Citi® Double Cash Card – 18 month BT offer has an annual fee of $0 and an introductory APR offer of 0% on Balance Transfers for 18 months, and then the ongoing APR of 15.74% - 25.74% Variable APR.

Discover it® Miles: Miles for days and a bonus worth writing home about

Discover it® Miles

Discover it® Miles

Apply Now on Discover's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • Rewards can be redeemed for travel or cash back at equal value
    • No annual fee or foreign transaction fee
    • Sign-up bonus
    • Flexible redemption options

    Cons

    • No luxury perks
    • Other cards offer higher rewards rates
    • Discover cards not widely accepted outside the U.S.
    • Requires good/excellent credit

    Annual Fees

    $0

    APR

    • APR: 13.74% - 24.74% Variable APR
    • Cash Advance APR: 26.74%, Variable

    Bonus Offers

    Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get.

    Intro APR

    • 0% on Purchases for 14 months and 10.99% on Balance Transfers for 14 months
  • Additional Information
    • UNLIMITED BONUS: Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get.
    • Earn unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee.
    • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
    • Miles Pay You Back. Easily redeem Miles as a statement credit for travel purchases. Or get cash.
    • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
    • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
    • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
    • View Rates and Fees

If your freelance business frequently takes you on the road — or rather, to the sky — you’ll want a good travel rewards card. Enter the Discover it® Miles. It offers 1.5 miles on every dollar you spend and a unique promotional bonus: Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get. Miles can be redeemed for travel statement credit or cash back.

The card’s annual fee is $0 and there are no foreign transaction fees. It has an introductory APR of 0% on Purchases for 14 months and 10.99% on Balance Transfers for 14 months, and then the ongoing APR of 13.74% - 24.74% Variable APR.

Nerd note: Whichever card you choose, always keep your business spending separate from your personal spending to make things easier at tax time.


Image via iStock.