How to Choose the Right Credit Card as a Gig Worker

Being a gig worker or freelancer is hard work. As you grow your small business, using a credit card that earns rewards can be beneficial. Why? Earning rewards as you swipe your card for everyday purchases can be a win for your wallet. It’s essential to choose a credit card that meets your needs. Here’s how to choose the right credit card as a gig worker.

Keep your finances in mind

Be sure to keep your personal finances in mind. Some rewards credit cards have annual fees. If there is an annual fee, you’ll need to pay it yearly to access the benefits and earn rewards. However, there are also plenty of credit cards with no annual fee to consider.

Before applying for a new credit card, review your budget. If money is tight, don’t spring for a credit card with an expensive annual fee. The good news is that you can find a great rewards credit card with an annual fee of $100 or less. Here are a few no annual fee credit cards.

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Review your spending habits

Some rewards cards and cash back credit cards offer flat-rate rewards for every purchase you make with your card. But others provide higher rewards for eligible spending in specific bonus categories. Review your spending habits to help determine the best credit card for you.

To maximize your rewards, you’ll want to choose a card that aligns with your typical purchases. A travel rewards credit card isn’t the best option if you don’t travel often. However, a dining and restaurant credit card might make sense if you dine out and order takeout regularly.

Don’t ignore card benefits

Many credit cards include valuable benefits that can improve your life. In addition to learning more about how the card earns rewards and how you can redeem your rewards, you should also review the included benefits. The best strategy is to choose a credit card with perks that you’ll use. Some credit cards have more plentiful perks, so compare multiple cards.

Consider a business credit card

You can apply for a business credit card if you’re an independent contractor who earns self-employment income. A business credit card can be a valuable choice for some gig workers. Explore personal and business credit card options to find the right card for your unique needs. Review our list of the best small business credit cards to learn more.

Choose a credit card that meets your needs

There are many excellent credit card options for gig workers like yourself. But make sure you choose one that works well for your lifestyle. Reviewing the card’s fees, benefits, and rewards program before applying for a new card can allow you to make a more informed decision.

Be sure only to spend what you can afford when using credit cards. You could overspend and rack up expensive credit card debt if you’re not cautious. Most credit cards have high interest rates, so credit card interest can quickly add up and cause financial stress.

If you need help managing your spending, one of the best budgeting apps may be helpful.

Ready to choose your next credit card? Check out our list of the best rewards credit cards.

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