The best credit card for consultants is the Chase Sapphire Preferred® Card because it offers 60,000 points for spending $4,000 in the first 3 months. It also gives 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases. Consultants tend to spend a lot of time in airplanes and hotels, after all, and the Chase Sapphire Preferred® Card’s rewards are transferrable to more than a dozen hotel and airline rewards programs at a 1:1 ratio. Those programs include Hyatt, Marriott, Southwest, United and more. The Chase Sapphire Preferred® Card has a $95 annual fee.
If you’re a self-employed consultant or running your own consulting firm, consider Ink Business Preferred® Credit Card. This card’s bonus is huge: 100,000 points for spending $15,000 in the first 3 months. You’ll also earn 3 points / $1 spent on up to $150,000 in select business categories each year. Categories include shipping costs, internet service, advertising and more. The card’s annual fee is $95.
Consultants traditionally spend a lot of money on reimbursable work expenses, so you may want a card that complements all the additional spending. For example, the Capital One Savor Cash Rewards Credit Card has an earning rate of 4% cash back for dining out and entertaining clients (plus 4% cash back on streaming services, 3% back at grocery stores and 1% on all other purchases). You can also earn a bonus of $300. To get it, spend $3,000 within 3 months after your account opens.
For your daily commutes and other day-to-day expenses, the Blue Cash Preferred® Card from American Express is a good choice as well. Its earning rate is 3% cash back on U.S. gas stations, as well as 6% on the first $6,000 spent at U.S. supermarkets each year and on select U.S streaming subscriptions. All other purchases give 1% cash back. Consultants who prefer straight cash back on all spending may opt for the Citi Double Cash Card. It offers 2% cash back on every purchase: 1% when you buy and an additional 1% when you pay the bill.
The best Visa travel rewards credit cards provide an opportunity to earn free flights and hotel stays as well as take advantage of benefits such as travel insurance. There may be insurance for everything from rental cars and luggage to cancelled trips and travel accidents, depending on the card. Some Visa travel credit cards also offer luxuries such as free checked bags, room/seat upgrades and airport lounge access.… read full answer
To help you start your search for a good Visa travel rewards card, WalletHub’s editors have picked out some popular offers.
Visa travel rewards credit cards enjoy worldwide acceptance, as cards on the Visa network can be used in 200+ countries and territories. Plus, most Visa travel rewards credit cards do not charge foreign transaction fees, which means you won’t pay extra for international purchases.
Each credit card company has its own rewards program. And each credit card rewards program has a unique reputation. Some are known for good customer service. Others are notable for offering rewards cards to people with less-than-good credit. You can find the latest rankings in WalletHub’s annual Credit Card Rewards Study… read full answer, which reviews major credit card rewards programs based on earning potential, eligibility, transparency and more. The study also includes scores and rankings for individual cards.
Given that your ultimate goal should be to find the single best rewards card for your needs, your focus should be more at the card level than the issuer or rewards program level. The quality of a rewards program matters in the sense that it impacts what you can redeem your earnings for and how much they’re worth when you do. But a credit card’s core terms – annual fee, rewards earning rates, etc. – are what matter most.
With that being said, the first step in choosing the right rewards program is asking yourself this question: Do I rack up 30,000+ airline miles or 20+ hotel nights per year?
If your answer is “yes,” get one of WalletHub’s best travel rewards credit cards. Most people will be better off with a card that’s equally rewarding no matter where you book travel accommodations. But if you always fly with the same airline or stay at the same hotel chain, it’s worth at least considering that company’s credit card.
If you answered “no,” we recommend getting the best cash back credit card for your spending habits. Credit card companies can easily devalue points/miles by increasing the number that you need to redeem for certain items. That makes saving them up for infrequent redemption a bit risky. But issuers can’t play the same games with cash. Cash back rewards also give you versatility in that you can redeem earnings for any type of expense by getting a statement credit.
The best hotel credit card bonus is 140,000 points for spending $3,000 in the first 3 months from the IHG® Rewards Premier Credit Card. You can redeem those bonus points at 6,000 destinations around the world, such as InterContinental, Crowne Plaza, and Holiday Inn.
There are plenty of other options though, so feel free to look at our editors' latest picks for the best hotel credit cards.
You should also get acquainted with the major hotel loyalty programs if you’re thinking about applying for a hotel credit card tied to a particular chain. Some hotel rewards programs are better than others, just like hotel credit cards.
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