High-earning freelancers that have a lot of business spend should consider The Business Platinum Card® from American Express (Terms Apply. See rates and fees). With this card, you can earn a high welcome bonus and bonus points for certain categories of business spend and large purchases over $5,000.
Rewards are earned as American Express Membership Rewards, which can be transferred to a number of travel partners, making the card ideal for those that frequently travel for business and want additional travel perks like access to the Global Lounge Collection, a 35% bonus when redeeming points for airfare via Amex Travel and a $200 airline fee credit.
Rewards: Earn 5 Membership Rewards® points per dollar on flights and prepaid hotels through American Express Travel, 1.5 points per dollar on eligible purchases at U.S. construction material & hardware suppliers, electronic goods retailers and software and 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 and 1 point per dollar on other eligible purchases.
Welcome offer: Earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with the card within the first 3 months of card membership.
Annual fee: $695
Other benefits and drawbacks: This card can offer massive value, but only if you’re a big spender who can utilize the benefits to offset the high annual fee. The card offers numerous statement credits for shopping at businesses like Dell, Indeed, U.S. wireless telephone providers and Adobe Creative Solutions.
And of course, it’s packed with travel benefits, like a $189 CLEAR® Plus credit and a Global Entry or a TSA Precheck credit. Cardholders also get Marriott Bonvoy and Hilton Honors Gold status, savings on a premium private jet program, Platinum Business concierge travel assistance and planning, premium rental car privileges in certain programs and trip delay and cancellation and interruption insurance¹.
However, as we mentioned before, this card is best for self-employed people or freelancers with established, high-earning businesses and great credit that can ensure the benefits outweigh the fees and can meet the high spend threshold to get the welcome bonus. It’s also useful for those that have a lot of business travel.
Source: Best Credit Cards For Self-Employed And Freelancers Of April 2024
