As a sole proprietor, there is no legal separation between you and your business. Still, it's beneficial to separate your business and personal expenses to simplify your bookkeeping and taxes.
Sole proprietors can use personal credit cards for business purposes, but it's generally easier to separate expenses with a business credit card. With the right business card, you can earn rewards, finance larger purchases, build your business credit history and take advantage of other business-related benefits.
You have many options if you're a sole proprietor seeking a small business credit card. To help you out, CNBC Select has narrowed down the best business credit cards for sole proprietors in a handful of practical categories.(Seeour methodologyfor information on how we chose the best sole proprietorship business credit cards.)
Best sole proprietorship business credit cards
- Best for cash back: Ink Business Unlimited® Credit Card
- Best for travel rewards: Ink Business Preferred® Credit Card
- Best for premium perks: The Business Platinum Card® from American Express
- Best for 0% intro APR: U.S. Bank Triple Cash Rewards Visa® Business Card
- Best for bad credit: Bank of America Business Advantage Unlimited Cash Rewards Secured credit card
Best for cash back
Ink Business Unlimited® Credit Card
On Chase's secure site
Rewards
Earn 1.5% cash back on every purchase made for your business
Welcome bonus
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
Annual fee
$0
Intro APR
0% for the first 12 months from account opening on purchases; N/A for balance transfers
Regular APR
18.49% - 24.49% variable
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
3%
Credit needed
Good/Excellent
Terms apply.
Pros
- No annual fee
- Free employee cards
- Simple cash-back program
- Special financing offer for purchases
Cons
- 3% fee charged on purchases made outside the U.S.
Who's this for? The Chase Ink Business Unlimited® Credit Card is ideal for sole proprietors who value simplicity because it offers a generous flat cash-back rate on all purchases and has no annual fee.
Standout benefits: All purchases earn at least 1.5% cashback. This allows sole proprietors to focus on what matters to their business instead of spending time navigating a complicated rewards program.
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Best for travel rewards
Ink Business Preferred® Credit Card
On Chase's secure site
Rewards
Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases
Welcome bonus
Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Annual fee
$95
Intro APR
None
Regular APR
21.24% - 26.24% variable
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
None
Credit needed
Good/Excellent
Terms apply.
Read our Ink Business Preferred® Credit Card review.
Pros
- Free employee cards
- Points are worth 25% more when you redeem for travel through Chase TravelSM
- 1:1 point transfer to leading frequent travel programs
- No fee charged on purchases made outside the U.S.
- Generous welcome bonus worth up to $1,000
Cons
- $95 annual fee
- No introductory 0% financing offers for purchases or balance transfers
Who's this for? The Ink Business Preferred® Credit Card is ideal for sole proprietors who want to earn transferable travel rewards, with one of the most valuable welcome bonus offers and useful bonus business spending categories.
Standout benefits: This card has various built-in travel protections and earnsChase Ultimate Rewards® points, which can be transferred to over a dozen airline and hotel travel loyalty programs. Points can also be redeemed for 1.25 cents apiece toward travel through theChase TravelSMportal.
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Best for premium benefits
The Business Platinum Card® from American Express
On the American Express secure site
Rewards
Earn 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. Also, earn 1.5X points (that's an extra half point per dollar) on each eligible purchases at US construction material, hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
Welcome bonus
Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first 3 months of card membership
Annual fee
$695
Intro APR
N/A
Regular APR
19.49% - 28.49% variable
Balance transfer fee
N/A
Foreign transaction fee
None
Credit needed
Excellent/Good
See rates and fees, terms apply.
Pros
- Enroll to receive up to $400 in annual statement credits on Dell purchases (up to $200 semi-annually), up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases
- Get 35% points back when you use points to purchase all or part of an airline fare, up to 500,000 bonus points back per calendar year
- American Express Global Lounge Collection
- Breeze through security with CLEAR® Plus where available and get up to $189 back per year on your membership when you use your card. (subject to auto-renewal)
- Up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your card
Cons
- $695 annual fee
- No introductory 0% financing offers
Who's this for? The Business Platinum Card® from American Express is one of the best options for sole proprietors who value luxury travel benefits such as airport lounge access and automatic hotel elite status.
Standout benefits: This card offers a long list of travel benefits, including access to over 1,400 airport lounges and an annual airline fee credit of up to $200 for incidentals, like baggage fees and seat upgrades. Cardholders can enroll to receive Hilton Gold status, Marriott Gold status and premium rental car privileges with National, Avis and Hertz. Terms apply.
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Best for 0% intro APR
U.S. Bank Triple Cash Rewards Visa® Business Card
Learn More
Rewards
Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center, 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants, 1% cash back on all other eligible net purchases
Welcome bonus
Earn $500 in cash back. Just spend $4,500 on the account owner's card in the first 150 days of opening your account.
Annual fee
$0
Intro APR
0% for 15 billing cycles on purchases and balance transfers
Regular APR
19.24% - 28.24% (Variable)
Balance transfer fee
Either $5 or 3% of the amount of each transfer, whichever is greater
Foreign transaction fee
3%
Credit needed
Excellent/Good
See rates and fees, terms apply.
Pros
- No annual fee
- $500 welcome bonus offer
- No limit on cash back earned
- Interest-free period for the first 15 billing cycles on purchases and balance transfers
- Annual $100 statement credit for recurring software subscription services
Cons
- 3% foreign transaction fee
Learn More
Who's this for? The U.S. Bank Triple Cash Rewards Visa® Business Card is a good option for sole proprietors looking for a strong intro APR offer and still want to earn cash back. Typically, cards with longer intro-APR periods like this one offer fewer rewards and other benefits.
Standout benefits: The U.S. Bank Triple Cash Rewards Visa® Business Card offers new cardmembers a 0% intro APR on both purchases and eligible balance transfers for 15 billing cycles, after that, a variable 19.24% to 28.24% APR applies. There is a balance transfer fee of 3% of the amount you transfer ($5 minimum).
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Best for bad credit
Bank of America Business Advantage Unlimited Cash Rewards Secured credit card
Learn More
Information about the Bank of America Business Advantage Unlimited Cash Rewards Secured card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
Rewards
Earn unlimited 1.5% cash back on all purchases
Welcome bonus
None
Annual fee
$0
Intro APR
None
Regular APR
28.49%variable
Balance transfer fee
4% of each transaction (minimum $0)
Foreign transaction fee
3%
Credit needed
Poor/No credit history
Terms apply.
Pros
- No annual fee
- Bad credit may qualify
- Opportunity to transition to an unsecured card for qualified cardholders
- Flexible redemption options
Cons
- $1,000 minimum security deposit
- No welcome bonus
- No introductory 0% financing offers for purchases or balance transfers
Learn More
Who's this for? If your credit needs work, the Bank of America Business Advantage Unlimited Cash Rewards Secured credit card can help you build your score while still earning rewards.
Standout benefits: Secured credit cards are designed for people with no credit history or weak credit scores. They typically don't offer many benefits or rewards, but this card is an exception, earning a competitive 1.5% cash back on every purchase. This return matches some of the top unsecured cash-back credit cards.
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More on our business credit cards for sole proprietors
Chase Ink Business Unlimited® Credit Card
The Ink Business Unlimited card is a rewarding cash-back business card with an unusually generous welcome bonus for a no-annual-fee card.
Rewards
- 5% cash back on Lyft rides (through Mar. 31, 2025)
- 1.5% cash back on all other purchases
Welcome bonus
Earn a $750 cash bonus after spending $6,000 on purchases in the first three months after opening the account.
Annual fee
$0
Notable perks
New Ink Business Unlimited cardholders receive an intro 0% APR on purchases for 12 months (after that, a variable 18.49% to 24.49% APR applies). This is an excellent offer that makes financing important business purchases more affordable.
You can add employee cards for no additional fee and take advantage of benefits such as purchase protection, extended warranty protection, roadside dispatch and travel and emergency assistance services.
If you have an eligible Ultimate-Rewards-earning card, like the Ink Business Preferred® Credit Card, the cashback earned with this card can be converted into transferrable Chase Ultimate Rewards® points.
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Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card is a popular business rewards card with a reasonable annual fee, excellent rewards rates and useful insurance benefits.
Rewards
- 5X points on Lyft rides (through March 31, 2025)
- 3X points on the first $150,000 in combined purchases in these categories each account anniversary year: Shipping, advertising (with select social media sites and search engines), travel, internet, cable and phone services
- 1X points on all other purchases
Welcome bonus
Earn 100,000 bonus points after spending $8,000 on purchases in the first three months after account opening.
Annual fee
$95
Notable perks
This card has no foreign transaction fees and does not charge extra to add employee cards. It also offers many built-in insurance benefits that apply to certain purchases, including:
- Cell phone protection
- Trip cancellation and interruption insurance
- Roadside dispatch
- Purchase protection
- Extended warranty protection
- Rental car insurance (primary)
- Baggage delay insurance
- Lost luggage coverage
- Travel accident insurance
- Trip delay reimbursem*nt
- Travel and emergency assistance services
This is a longer list of travel and purchase protections than many other sub-$100 annual fee cards.
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The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is a premium card with an array of benefits that can easily offset its high annual fee (see rates and fees).
Rewards
- 5X points on flights and prepaid hotels booked on AmexTravel.com
- 1.5X points on up to $2 million in purchases per calendar year of eligible purchases in the following categories: U.S. construction material and hardware suppliers, electronic goods retailers, software and cloud systems providers, shipping providers and on purchases of $5,000 or more
- 1X points for all other purchases
- Terms apply
Welcome bonus
Earn 120,000 bonus points after spending $15,000 in qualifying purchases on your card in the first three months of card membership.
Annual fee
$695 (see rates and fees)
Notable perks
The Amex Business Platinum card offers a long list of valuable statement credit offers, including:
- Up to $400 back per year on U.S. Dell purchases (up to $200 back semi-annually)
- Up to $360 back per year on Indeed purchases (up to $90 back quarterly) through Dec. 31, 2024
- Up to $150 back for select Adobe auto-renewing annual business subscriptions through Dec. 31, 2024
- Up to $120 back per year for U.S. wireless telephone service provider purchases
- Up to $200 in airline fee credit per year with one qualifying airline you choose
- Up to $189 back per calendar year for CLEAR Plus
- Up to $100 back for application fees every four years for Global Entry or every 4.5 years for TSA PreCheck
Cardholders enjoy automatic hotel elite status with Hilton Honors and Marriott Bonvoy and have access to more airport lounges than any other card, including Amex Centurion Lounges, Escape Lounges, Plaza Premium lounges, Priority Pass lounges, Delta Sky Clubs and Lufthansa lounges.
The card also boasts no foreign transaction fees (see rates and fees) and many insurance coverages including, return protection, trip delay insurance, trip cancellation and interruption insurance, baggage insurance, extended warranty coverage, rental car insurance, cell phone protection and purchase protection.
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U.S. Bank Triple Cash Rewards Visa® Business Card
The U.S. Bank Triple Cash Rewards Visa® Business Card packs a lot into a no-annual-fee business card. Not only does it offer a competitive intro APR offer, but it also has a strong welcome bonus and great cash-back rates.
Rewards
- 5% back on prepaid hotels and rental cars booked through the U.S. Bank Travel Rewards Center
- 3% cash back on eligible purchases at gas and EV charging stations, office supply stores, cell phone service providers and restaurants
- 1% cash back on all other purchases
Welcome bonus
Earn $500 cash back after spending $4,500 on purchases within the first 150 days of account opening.
Annual fee
$0
Notable perks
Cardholders can earn a $100 annual statement credit for recurring software subscriptions. To qualify, you need to make 11 consecutive monthly payments for an eligible software service, such as QuickBooks or FreshBooks.
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Bank of America Business Advantage Unlimited Cash Rewards Secured credit card
The Bank of America Business Advantage Unlimited Cash Rewards Secured credit card is a solid cash-back card in and of itself but shines in comparison to other secured cards.
Rewards
- 1.5% cash back on all purchases
Welcome bonus
None
Annual fee
$0
Notable perks
The required minimum deposit to open this card is $1,000 and your credit line is equal to the amount you deposit. It also has a handful of travel insurance perks including, up to $100,000 in travel accident insurance, lost luggage assistance and emergency ticket replacement.
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FAQs
Can a sole proprietor get a business credit card?
A small business owner who is a sole proprietor is eligible for business credit cards. Many business card applications allow you to use your social security number as your business tax ID and don't require you to have an LLC or other complicated business structure.
Can I use my EIN to get a business credit card?
You can use an Employer Identification Number (EIN) to apply for a business credit card as a sole proprietor. However, most business cards for sole proprietors require a personal guarantee, so reviews of your personal credit history and income are part of the application process.
Do business credit card applications verify personal income?
Most small business card applications require you to provide your personal income and social security number. The card issuer can use this information to determine your credit limit and whether you can afford the card's monthly payments.
Bottom line
Sole proprietors are eligible for most types of small business credit cards, including cards that earn cash-back, travel rewards and offer no-interest intro periods. You'll usually need a good to excellent credit score to qualify for the most rewarding cards, but if you have a lower credit score, some of the easiest business credit cards to get only require an average or fair credit score.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every business credit cardarticle is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit cardproducts.While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Seeour methodologyfor more information on how we choose the best business credit cards for sole proprietors.
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Our methodology
To determine which business cards offer the best value for sole proprietors, CNBC Select analyzed dozens of major small business credit cards. We compared each card on a range of features, including the annual fee, rewards, welcome bonus, introductory and standard APR and foreign transaction fees. We also considered additional perks, the application process and how easy it is to redeem points.
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Read more
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Here's how to get a business credit card
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For rates and fees of The Business Platinum® Card from American Express, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
