Most contractors drive around a full-size pickup truck with hundreds of pounds, and often thousands of dollars of construction equipment. Yet one of their most important tools can be a few grams of plastic in their wallet. The right small business credit card can help contractors track expenses, finance materials and even earn valuable rewards.
If you’re business is contracting, then you probably won’t need many of the features often found on small business cards, including airport business lounge access and other travel perks. Instead, you’ll want to earn rewards for your spending and find an economical means to finance your jobs while you wait for payment.
Here are four small business credit cards that construction contractors will love:
1. Lowe’s Business Rewards Card from American Express
This small business card offers valuable discounts at Lowe’s home improvement stores, but also rewards from other purchases. First, you get 5% off of eligible purchases at Lowe’s stores and from Lowes.com and LowesForPros.com. In addition, you also earn 3x points at restaurants and office supply stores in the US, and on wireless telephone services purchased directly from US service providers. You also earn 2X points at Lowe’s and one point per dollar spent on all other purchases. Points can be redeemed for Lowe’s, Outdoor Rewards and American Express gift cards starting at $2,500 points. You also get Lowe’s ProServices with access to discounted delivery, bulk rate pricing and a business replenishment program.
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As with other American Express cards, you’ll receive expense management tools to help you track expenses and manage your account. There’s no annual fee for this card.
2. Ink Business Unlimited from Chase
This new card offers contractors the ability to . In fact, you’ll receive your cash back as Ultimate Rewards points which can be redeemed for gift cards, merchandise, travel or cash back. Or, you can combine these points with other Chase accounts such as a Sapphire Reserve or Sapphire Preferred, which allow you to transfer your rewards to airline miles or hotel points.
New applicants can 0% APR financing on both new purchases and balance transfers, with a 5% balance transfer fee. There’s no annual fee for this card.. New applicants also receive 12 months of
3. Capital One Spark Cash for Business
This card provides outstanding rewards to contractors who open new accounts and continues to offer strong value every year. New card holder can receive . This card also features . Capital One offers you free quarterly and year-end summaries to keep track of your expenses. There’s an annual fee of .
4. The Plum Card from American Express
This unique product offers contractors a choice of extending payment on their purchases, or paying early and earning cash back rewards. When you need to finance a job, you can take up to 60 days to pay your statement with no interest charges. Alternatively, . This card has no preset spending limit and comes with American Express’s full suite of expense management tools. There’s an annual fee of .
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