Best Credit Card for Contractors: Independent Contractors

In this article, we’re going to help you find the best credit card for contractors, regardless of your nationality or country of residence.

This includes accessing valuable rewards cards, including American Express cards for non-US residents and other sought-after options.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. Finding the Best Credit Card for Contractors
  2. How to Obtain the Best Rewards Credit Card as a Contractor
  3. Which Credit Card Collects Credit Card Rewards?
  4. Frequently Asked Questions
  5. Ready to Explore Your Options?

Finding the Best Credit Card for Contractors

In order to find the best credit card for contractors, you need to consider a few important variables. These variables include acceptance criteria, maintenance cost, your specific objectives, and more.

In this article, we’re going to take a look at these variables, along with what makes the best credit card for contractors to begin with. This will include an overview of the best rewards cards, the best cards for non-residents, and how you can start applying for cards today.

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How to Obtain the Best Rewards Credit Card as a Contractor

If you’re looking for the best credit card for contractors, you probably want to understand the process of actually applying for a card. Well, that depends on your status.

For example, if you are looking for a US credit card, your options will depend on how you answer the following questions:

  • Are you a US citizen?
  • Are you a US resident?
  • Do you have a US social security number (SSN)?
  • Do you have a US individual tax identification number (ITIN)?
  • Do you have a US address?
  • What is your nationality?

Your answers to these questions will determine which US credit cards you can apply for as an independent contractor. In fact, your answers will even dictate the specific strategies that you can use when applying for cards in the US.

After you decide on the specific cards you want to apply to, you’ll need to follow the onboarding process and provide the necessary supporting documents.

We outline the entire process for you in our dedicated report that helps foreigners and non-residents obtain US credit cards 100% remotely.

Which Credit Card Collects Credit Card Rewards?

In most cases, when foreigners and non-residents are considering US credit cards, they have a particular goal in mind, earning rewards.

In short, US credit cards have some of the most lucrative rewards programs in the world, including hotel stays, free flights, and much more.

But, not all US credit cards offer rewards. So, if your goal is to earn rewards and points for travel, you need to know which cards to consider.

With this in mind, there are a number of personal cards that most people can consider in order to earn rewards. But, what about business credit cards?

Business Rewards Card

Business rewards cards do exist, but they can be more difficult to obtain if your business does not already have credit history in the United States. With this in mind, most business owners choose to first obtain personal credit cards and then use their own personal credit history to help their business qualify.

Business Credit Card

If you insist on obtaining a business credit card before a personal credit card in the US, there are options for you to consider. However, these business credit card options are typically issued by large banks and require the business to open an account with a large qualifying deposit.

Frequently Asked Questions

Below are three of the most common questions that we receive from people looking for the best credit card for contractors. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

Can I get a Credit Card If I’m an Independent Contractor?

Yes, you can get a credit card if you are an independent contractor. In fact, even non-resident individuals can get US credit cards if they are contractors. Importantly, you need to determine the cards that best match your objectives, have acceptance criteria that you can meet, and have maintenance fees you are willing to pay.

Can Contractors Have Business Credit Cards?

Yes, in certain instances contractors can have business credit cards. However, the specific cards available to you will depend on your tax status. With this in mind, most non-resident individuals choose to set up US LLCs for the purpose of conducting business locally. That said, it’s important to seek the advice of professional advisors before making decisions on corporate structures.

Can I Get a Business Credit Card With an EIN Only?

Whether a business can get a credit card with an EIN only will depend on the size of the business, the relationship with the credit card provider, and the credit card issuer’s acceptance criteria. In most instances, new businesses will also be asked to provide the credit history for the principals along with their tax identification numbers.

Ready to Explore Your Options?

If you would like assistance navigating your banking options in the United States, we can help.

You can access GlobalBanks USA, our dedicated US account opening service, in just a few clicks.

GlobalBanks USA involves 100% personalized account opening service that taps into our team’s expertise and provides direct banker introductions.

Of course, if you have any questions before deciding whether you would like to move forward, don’t hesitate to contact us.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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