6 Best Credit Card for Farmers – $0 Annual Fee

Best Credit Card for Farmers: There are different types of expenses in a farming business, and the normal expenses can be paid easily with a farmer’s credit card and earn rewards and points to buy more items and build good credit.

Although different types of credit cards are available in the market, it is difficult for the farmer to select a good credit card for his business. And yes, we will discuss the best credit cards for farmers in this article.

Best Credit Card for Farmers

» Capital One Spark Cash Plus Card

Capital One has introduced a new business card to its Spark category, the new Capital One Spart Cash Plus Credit Card replaced the older version of Capital One Spark Cash for Business. This is famous for its cashback system, that’s why the Capital One Spark Cash Plus Card is the top choice for small business owners.

Capital One Spark Cash Plus Card

Let’s have a look at the major benefits of the Capital One Spark Cash Plus Credit Card:

Welcome Bonus

The card offers a one-time cash bonus of $1,200 if you spend $30,000 in the first 3 months of the card activation.

Spending $30,000 in the first 3 months is relatively easy for business owners because businesses have many monthly expenses. The business owners can easily reach the target and earn a one-time reward of $1,200.

The great thing about the Capital One Spark Cash Plus Credit Card is there is no capping, and you will get 2% cash back on every purchase made with the credit card. There is no spending limit on the credit card, and it will help you to spend on different things based on your spending behavior. The card comes with 0% APR on your purchases for a month, and the late monthly repayment charges will be 2.99%.

Annual Fee: The annual fee of the card is $150

And it has the following major benefits:

  • Get virtual credit card numbers
  • Get free employee cards
  • There is no foreign transaction fee
  • Roadside assistance facility
  • Get extended warranty on products
  • The annual fee of the card can be waived if you spend %1,50,000 every year

» Amex Business Gold Card

If you are looking for a zero annual fee credit card, then AMEX Business Gold Card will help you to cover the annual fees with different types of bonuses and rewards on the American Express Gold Card. This card could be the best credit card with many other benefits and welcome offers with the help of card.

Amex Business Gold Card

The Amex Business Gold card has an annual fee of $295.

Welcome Bonus 

If your credit score and income are good, you will get a good welcome offer for the Amex Business Gold Credit Card. Depending on your credit profile, you can get 70,000 points or 110,000 points.

Major Benefits

The Amex Business Gold Credit Card offers various types of benefits and welcome offers; you can earn up to 4x Membership Rewards on two different categories every month; this includes:

  • Flight tickets purchased from airlines
  • For purchasing advertising in select media
  • Purchases made for computer hardware, cloud solutions, and software purchase
  • Purchase at gas stations, shipping, and restaurants.
  • Get insurance coverage on trip delay
  • Get insurance on rental cars
  • Get easy access to Amex’s The Hotel collection.
  • Get purchase protection with warranty protection.

» MORE: Navy Federal Prepaid Card

» Amex Blue Business Plus Card

Earning Membership Rewards in Amex Blue Business Plus Credit Card is also very simple, get 2x rewards for the first $50,000 purchase every year.

A business owner needs a very simple and straightforward credit card, which offers good rewards and benefits, and Amex Blue Business Plus Card is one of those that will maximize your savings.

Amex Blue Business Plus Card

The Amex Blue Business Plus Card does not charge additional fees for employee cards and no annual fee. The card also gives purchase protection and good membership rewards on your every purchase. 

This credit card is superb due to its best rewards and straightforward earning structure. There are specific limitations or capping on the membership rewards.

Major Benefits

  • Get 0% intro APR on your purchases for the first 12 months after the account opening date; afterward, a variable APR of 18.49% – 26.49% will be charged.
  • The card gives you 2x Membership Rewards points on your daily expenses like client dinners and office supplies. 
  • Get 2x reward points for the first $50,000 yearly and 1 point per $1 spent afterward.
  • If you are making a big purchase and need more money, at that time, you can use the over-limit facility of the credit card.
  • The over-limit amount of your credit card is not unlimited; it is decided on different factors like your repayment history, credit score, source of income, and many other factors.
  • Zero annual fee

Pros

  • Offers 2x Membership Rewards points per $1 spent on your everyday business expenses
  • Get purchase and extended warranty protection
  • Zero annual fee
  • Free employee cards

Cons

  • No bonus on different categories
  • 2x earnings are capped at $50,000 spent every year
  • No lounge access or elite benefits
  • Charge foreign transaction fee

» IHG One Rewards Premier Business Credit Card

The IHG Premier Business Credit Card is the perfect solution for businesses who frequently travel and stay in the IHG hotels.

Regularly using IHG hotels for your business travels will earn IHG rewards on your IHG One Reward Premier Business Card.

IHG One Rewards Premier Business Credit Card

Here we are converting the benefits of using IHG hotels, regards, perks, annual fees, reward rates, and more. With these features, you can easily know whether this credit card is good for you.

Major Benefits

  • Spend $3,000 in the first 3 months of the card activation and earn 140,000 Bonus Points.
  • On the occasion of the account anniversary year, you will be eligible for a reward night at eligible IHG hotels across the globe. And you can redeem your points to stay in the IHG hotels for up to 4 nights.
  • Spend $1 at IHG Hotels and get 26 points.
  • You can get up to 5x points on $1 spent on purchases on advertising, restaurants, and gas stations, and 3x points on all other categories.
  • Get Platinum Elite status as long you hold the Premier Business Credit Card.
  • Get a credit statement of up to $100 for TSA PreCheck, Global Entry, or NEXUS for up to 4 years to fulfill the credit card application fee.
  • You can easily redeem the IHG One Rewards at Crowne Plaza, Even Hotels, Holiday Inn, and InterContinental.

Pros

  • Spend $1 at IHG hotels and get 26x points.
  • Get 5x reward points on $1 spent at gas stations, advertising, travel, and restaurants. And 3x rewards on all other categories.
  • Get IHG Platinum Elite status. 
  • Use the IHG regards to stay four nights in IHG hotels.
  • Get a free anniversary night certificate; you can earn the second free if you spend $40,000 annually.
  • Get upto $50 United Airlines Travel Bank cash per annum
  • Get TSA PreCheck, Global Entry, or NEXUS credit statement.
  • Get your trip cancellation insurance.
  • Get advance purchase protection.
  • Get an exclusive 20% discount on IHG point purchases.

Cons

  • The card comes with a $99 annual fee.
  • Don’t have the facility to transfer the rewards.

» MORE: Tractor Supply Credit Card Application

» Cash Magnet Card by American Express

The Cahs Magent Card offers a 5% discount on business product purchases and 3% on other categories purchases.

If you purchase from telecom organizations and office supply merchants, you will earn 5%. And 3% cash back on airfare, dining delights, airfare, shipment, computer parts, ads, hotels, and other categories. 

Major Benefits

  • If you spent $1,000 or more in the first 3 months of the card activation, you will get a credit statement of $150.
  • Get unlimited 1.5% cash back on your business expenses.
  • Get 0% intro APR for the first 15 months of the card activation. Afterward, a variable APR of 13.99% to 23.99% will be charged.
  • You can also purchase items with the help of a credit card and split the amount in monthly installments with minimum interest.
  • Get rewards and benefits on your expenses at dining, shopping, travel, etc. You can add a variety of benefits to your card; then, you have to pay with your card and get the rewards directly on your credit statement.
  • You will get the cashback as Reward Dollars that can be easily redeemed for statement credits.
  • The card comes with a zero annual fee.

Pros

  • Get 1.5% cash back on all your purchases
  • Zero Annual Fee
  • Get insurance on a rental car

Cons

Charge 2.7% foreign transaction fees

» The Plum Card from American Express

The Plum Card from American Express offers an unlimited 1.5% discount if you pay early within 10 days of your card statement closing date. And this discount will be applied to your next statement when you pay the minimum amount due.

In business, cash flow is irregular, so you pay the bills on time and sometimes have to wait. But in both situations, it works in your favor!

The Plum Card from American Express

Getting the discount is tricky with this credit card; if you pay the credit card due before 10 days, you will get a 1.5% discount on your purchases. And this is hard for some owners to pay the credit dues before 10 days. But if you pay, you can enjoy a discount of 1.5%. 

The credit card gives you almost 60 days to repay the used amount without interest. Sixty days is a good period for a business owner to pay the dues.

This card could be the best payment alternative for businesses that don’t have regular cash flow and run their seasonal businesses.

Major Benefits

  • Pay your card dues early and get a 1.5% discount on your next statement
  • Offers a good credit period of 60 days when you pay the minimum amount by the payment due date.
  • No foreign transaction fee is charged.

» MORE: Best Credit Card for Construction Business

Conclusion

There is no specific credit card that fulfills the needs of a farmer. Selecting the best credit card depends on your needs; based on your needs, you have to select your credit card. So you can fulfill your needs and get good regards and perks. Ensure you have a good credit score to get a good credit card with all the major benefits and features.

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