Farming is a rewarding but challenging profession. You need to invest in equipment, supplies, and labor to run your farm efficiently and profitably. You also need to manage your cash flow and expenses, especially during the off-season or when facing unexpected events.
That’s why having a good credit card can be a great tool for farmers. A credit card can help you pay for your purchases, earn rewards, and build your credit history. It can also give you access to financing options, such as interest-free periods, low APRs, or balance transfers, that can help you save money and manage your debt.
But not all credit cards are created equal. Some credit cards may offer better benefits for farmers than others, depending on your spending habits, preferences, and goals. For example, you may want a credit card that offers cash back on gas, groceries, or farm supplies. Or you may prefer a credit card that has travel perks, such as airport lounge access, free checked bags, or travel insurance. Or you may need a credit card that has a long 0% intro APR period, a low regular APR, or no annual fee.
To help you find the best credit card for your needs, we have compiled a list of 10 of the best credit cards for farmers. We have considered factors such as rewards, fees, rates, and features that are relevant for farmers. We have also included some real-life examples or case studies to illustrate how these credit cards can benefit you. Here are the 10 best credit cards for farmers:
10 Best Credit Cards for Farmers
1. The Plum Card® from American Express
The Plum Card® from American Express is a unique credit card that offers flexibility and cash flow management for farmers. This card lets you choose when to pay your balance, with up to 60 days to pay with no interest‡ when you pay your minimum due by the Payment Due Date. Plus, you can get an unlimited 1.5% Early Pay Discount on eligible charges within 10 days of your statement closing date and see the discount applied to your next statement when you pay at the least the Minimum Payment Due by the Please Pay By date. This means you can save money and earn rewards by paying early or pay later without paying interest.
The Plum Card also has no preset spending limit, which gives you more purchasing power and flexibility. You can use this card to pay for large or unexpected expenses, such as equipment, repairs, or inventory, without worrying about hitting your credit limit. You can also add employee cards at no extra cost and set individual spending limits for greater control.
The Plum Card has a $250 annual fee, which is waived for the first year. There are also no foreign transaction fees‡, which can save you money if you travel or buy from overseas suppliers. The Plum Card is a charge card, which means you have to pay your balance in full each month, unless you qualify for the Pay Over Time feature, which lets you carry a balance with interest on eligible charges of $100 or more.
The Plum Card is a great credit card for farmers who want flexibility and cash flow management. You can use this card to pay for your farm expenses, earn rewards, and save money on interest and fees. For example, if you spend $10,000 on your card in a month and pay it off within 10 days, you can get a $150 Early Pay Discount, which is equivalent to a 1.5% cash back reward. Or if you need more time to pay, you can pay the minimum due by the Payment Due Date and have up to 60 days to pay the rest with no interest.
To apply for the Plum Card, you need to have a good to excellent credit score and a U.S. bank account.
2. Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card is a simple and straightforward credit card that offers unlimited 1.5% cash back on every purchase. This card is ideal for farmers who want to earn consistent rewards on all their spending, without having to worry about categories or caps. You can use this card to pay for any farm-related expense, such as gas, groceries, utilities, insurance, or payroll, and earn cash back on every dollar you spend.
The Ink Business Unlimited also offers a generous welcome bonus of $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. This bonus can help you offset some of your initial costs or invest in your farm. You can redeem your cash back for statement credits, direct deposits, gift cards, travel, or more through the Chase Ultimate Rewards® portal.
The Ink Business Unlimited has no annual fee, which makes it a low-cost option for farmers. It also has a 0% intro APR for 12 months from account opening on purchases, then a variable APR of 13.24% – 19.24%. This feature can help you finance your purchases without paying interest for a year. You can also get employee cards at no additional cost and set spending limits for each card.
The Ink Business Unlimited is a great credit card for farmers who want to earn unlimited cash back on every purchase. You can use this card to pay for your farm expenses, earn rewards, and save money on interest and fees. For example, if you spend $20,000 on your card in a year, you can earn $300 cash back, plus the $900 welcome bonus, for a total of $1,200 cash back. That’s a 6% return on your spending, which is impressive for a no-annual-fee card.
To apply for the Ink Business Unlimited, you need to have a good to excellent credit score and a U.S. bank account.
3. Ink Business Cash® Credit Card
The Ink Business Cash® Credit Card is a versatile and rewarding credit card that offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and 1% cash back on all other purchases. This card is perfect for farmers who want to maximize their rewards on specific categories that are relevant for their business. You can use this card to pay for your farm supplies, internet, phone, gas, and dining, and earn cash back on every purchase.
The Ink Business Cash also offers a generous welcome bonus of $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. This bonus can help you boost your cash flow or invest in your farm. You can redeem your cash back for statement credits, direct deposits, gift cards, travel, or more through the Chase Ultimate Rewards® portal.
The Ink Business Cash has no annual fee, which makes it a low-cost option for farmers. It also has a 0% intro APR for 12 months from account opening on purchases, then a variable APR of 13.24% – 19.24%. This feature can help you finance your purchases without paying interest for a year. You can also get employee cards at no additional cost and set spending limits for each card.
The Ink Business Cash is a great credit card for farmers who want to maximize their rewards on specific categories that are relevant for their business. You can use this card to pay for your farm expenses, earn rewards, and save money on interest and fees. For example, if you spend $10,000 on office supplies and internet, $5,000 on gas and restaurants, and $5,000 on other purchases in a year, you can earn $750 cash back, plus the $900 welcome bonus, for a total of $1,650 cash back. That’s a 16.5% return on your spending, which is amazing for a no-annual-fee card.
To apply for the Ink Business Cash, you need to have a good to excellent credit score and a U.S. bank account.
4. The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card is a simple and convenient credit card that offers 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. This card is ideal for farmers who want to earn flat-rate cash back on all their spending, without having to worry about categories or caps. You can use this card to pay for any farm-related expense, such as equipment, labor, insurance, or taxes, and earn cash back on every dollar you spend.
The American Express Blue Business Cash also offers a special offer of 0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% – 19.24%, based on your creditworthiness and other factors as determined at the time of account opening. This feature can help you finance your purchases without paying interest for a year. You can also get employee cards at no additional cost and set spending limits for each card.
The American Express Blue Business Cash is a great credit card for farmers who want to earn flat-rate cash back on all their spending. You can use this card to pay for your farm expenses, earn rewards, and save money on interest and fees. For example, if you spend $40,000 on your card in a year, you can earn $800 cash back, which is automatically credited to your statement. That’s a 2% return on your spending, which is decent for a no-annual-fee card.
To apply for the American Express Blue Business Cash, you need to have a good to excellent credit score and a U.S. bank account.
5. Capital One Spark Cash for Business
The Capital One Spark Cash for Business is a simple and rewarding credit card that offers unlimited 2% cash back on every purchase. This card is ideal for farmers who want to earn consistent rewards on all their spending, without having to worry about categories or caps. You can use this card to pay for any farm-related expense, such as equipment, labor, insurance, or taxes, and earn cash back on every dollar you spend.
The Capital One Spark Cash for Business also offers a generous welcome bonus of a one-time $1,000 cash bonus once you spend $10,000 on purchases within 3 months from account opening. This bonus can help you offset some of your initial costs or invest in your farm. You can redeem your cash back for any amount, anytime, with no minimums or expiration dates.
The Capital One Spark Cash for Business has a $95 annual fee, which is waived for the first year. It also has no foreign transaction fees, which can save you money if you travel or buy from overseas suppliers. You can also get employee cards at no additional cost and set spending limits for each card.
The Capital One Spark Cash for Business is a great credit card for farmers who want to earn unlimited cash back on every purchase. You can use this card to pay for your farm expenses, earn rewards, and save money on interest and fees. For example, if you spend $50,000 on your card in a year, you can earn $1,000 cash back, plus the $1,000 welcome bonus, for a total of $2,000 cash back. That’s a 4% return on your spending, which is impressive for a low-annual-fee card.
To apply for the Capital One Spark Cash for Business, you need to have a good to excellent credit score and a U.S. bank account.
6. Bank of America® Business Advantage Cash Rewards Mastercard® credit card
The Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a flexible and customizable credit card that offers 3% cash back on your choice of one of six categories: gas stations, office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining, and 1% cash back on all other purchases. You can change your choice category once each calendar month through the Mobile Banking app or Online Banking, or make no change and it stays the same. This card is perfect for farmers who want to tailor their rewards to their changing needs and preferences. You can use this card to pay for your farm expenses, choose the category that suits you best, and earn cash back on every purchase.
The Bank of America® Business Advantage Cash Rewards Mastercard® credit card also offers a welcome bonus of $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening. This bonus can help you boost your cash flow or invest in your farm. You can redeem your cash back as a statement credit, a deposit into a Bank of America® checking or savings account, or a credit to an eligible Merrill account.
The Bank of America® Business Advantage Cash Rewards Mastercard® credit card has no annual fee, which makes it a low-cost option for farmers. It also has a 0% intro APR for 9 billing cycles from account opening on purchases, then a variable APR of 12.24% – 22.24%. This feature can help you finance your purchases without paying interest for 9 months. You can also get employee cards at no additional cost and set spending limits for each card.
The Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a great credit card for farmers who want to tailor their rewards to their changing needs and preferences. You can use this card to pay for your farm expenses, choose the category that suits you best, and earn cash back on every purchase. For example, if you spend $10,000 on your choice category, $5,000 on dining, and $5,000 on other purchases in a year, you can earn $450 cash back, plus the $300 welcome bonus, for a total of $750 cash back. That’s a 7.5% return on your spending, which is amazing for a no-annual-fee card.
To apply for the Bank of America® Business Advantage Cash Rewards Mastercard® credit card, you need to have a good to excellent credit score and a U.S. bank account.
7. Delta SkyMiles® Gold Business American Express Card
The Delta SkyMiles® Gold Business American Express Card is a travel-oriented credit card that offers 2X miles on eligible purchases made directly with Delta, on eligible U.S. purchases for advertising in select media, on eligible U.S. shipping purchases, and on dining at restaurants worldwide, and 1X mile on all other eligible purchases. This card is ideal for farmers who travel frequently with Delta or want to enjoy travel perks and benefits. You can use this card to pay for your farm expenses, earn miles, and redeem them for flights, upgrades, hotel stays, car rentals, gift cards, or more.
The Delta SkyMiles® Gold Business American Express Card also offers a welcome bonus of 50,000 bonus miles and a $50 statement credit after you spend $2,000 in purchases on your new Card in your first 3 months. Plus, earn up to $100 back in statement credits for eligible purchases at U.S. restaurants with your card within the first 3 months of membership. This bonus can help you save money on your travel expenses or treat yourself to a nice meal. You can also earn a $100 Delta Flight Credit after you spend $10,000 in purchases on your card in a calendar year.
The Delta SkyMiles® Gold Business American Express Card has a $99 annual fee, which is waived for the first year. It also has no foreign transaction fees, which can save you money if you travel or buy from overseas suppliers. You can also get employee cards at no additional cost and set spending limits for each card.
The Delta SkyMiles® Gold Business American Express Card is a great credit card for farmers who travel frequently with Delta or want to enjoy travel perks and benefits. You can use this card to pay for your farm expenses, earn miles, and redeem them for flights, upgrades, hotel stays, car rentals, gift cards, or more. For example, if you spend $15,000 on your card in a year, $5,000 of which on eligible Delta purchases, you can earn 25,000 miles, plus the 50,000 welcome bonus miles, for a total of 75,000 miles. That’s enough for a round-trip flight to Europe, or several domestic flights, depending on availability and demand.
To apply for the Delta SkyMiles® Gold Business American Express Card, you need to have a good to excellent credit score and a U.S. bank account.
8. U.S. Bank Business Cash Rewards World Elite™ Mastercard®
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is a cash back credit card that offers 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases, and 1% cash back on all other eligible net purchases. This card is perfect for farmers who want to earn cash back on categories that are relevant for their business. You can use this card to pay for your farm expenses, such as gas, office supplies, and cell phone bills, and earn cash back on every purchase.
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® also offers a 25% Annual Cash Rewards bonus, up to $250, based on your prior year’s Cash Rewards. This bonus can help you boost your cash flow or invest in your farm. You can redeem your cash back as a statement credit, a deposit into a U.S. Bank checking, savings or money market account, or a U.S. Bank Rewards Card.
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® has no annual fee, which makes it a low-cost option for farmers. It also has a 0% intro APR for 15 billing cycles on purchases and balance transfers, then a variable APR of 11.99% – 22.99%. This feature can help you finance your purchases or transfer your existing balances without paying interest for 15 months. You can also get employee cards at no additional cost and set spending limits for each card.
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is a great credit card for farmers who want to earn cash back on categories that are relevant for their business. You can use this card to pay for your farm expenses, earn cash back, and save money on interest and fees. For example, if you spend $15,000 on gas, office supplies, and cell phone bills, and $5,000 on other purchases in a year, you can earn $525 cash back, plus a 25% bonus of $131.25, for a total of $656.25 cash back. That’s a 4.4% return on your spending, which is excellent for a no-annual-fee card.
To apply for the U.S. Bank Business Cash Rewards World Elite™ Mastercard®, you need to have a good to excellent credit score and a U.S. bank account.
9. Wells Fargo Business Platinum Credit Card
The Wells Fargo Business Platinum Credit Card is a cash back or rewards points credit card that offers a choice of 1.5% cash back or 1 point on every $1 spent on net purchases. You can also earn 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period. This card is ideal for farmers who want to have the option to choose between cash back or rewards points, depending on their needs and preferences. You can use this card to pay for your farm expenses, earn cash back or points, and redeem them for cash, gift cards, merchandise, travel, or more.
The Wells Fargo Business Platinum Credit Card also offers a welcome bonus of $500 cash back or 50,000 bonus points when you spend $3,000 in the first three months. This bonus can help you boost your cash flow or invest in your farm. You can also earn an annual rewards bonus of 10% on non-bonus rewards points if you maintain a qualifying Wells Fargo checking or savings account.
The Wells Fargo Business Platinum Credit Card has no annual fee, which makes it a low-cost option for farmers. It also has a 0% intro APR for 9 months from account opening on purchases and balance transfers, then a variable APR of 11.99% – 21.99%. This feature can help you finance your purchases or transfer your existing balances without paying interest for 9 months. You can also get employee cards at no additional cost and set spending limits for each card.
The Wells Fargo Business Platinum Credit Card is a great credit card for farmers who want to have the option to choose between cash back or rewards points, depending on their needs and preferences. You can use this card to pay for your farm expenses, earn cash back or points, and redeem them for cash, gift cards, merchandise, travel, or more. For example, if you spend $20,000 on your card in a year, you can earn $300 cash back or 30,000 points, plus the $500 or 50,000 welcome bonus, for a total of $800 cash back or 80,000 points. That’s a 4% or 4.5% return on your spending, which is decent for a no-annual-fee card.
To apply for the Wells Fargo Business Platinum Credit Card, you need to have a good to excellent credit score and a U.S. bank account.
10. Brex Cash
Brex Cash is not a credit card, but a cash management account that offers a corporate card with no personal guarantee, no interest, and no fees. This account is ideal for farmers who want to simplify their finances and access a powerful corporate card with instant payouts and flexible limits. You can use this account to pay for your farm expenses, earn cash back or points, and enjoy exclusive perks and discounts.
Brex Cash offers 8x points on rideshare, 5x on Brex Travel, 4x on restaurants and dining, 3x on recurring software, and 1x on everything else. You can also earn 1.5% cash back on every transaction. You can redeem your points or cash back for statement credits, travel, gift cards, or more. You can also earn a welcome bonus of 50,000 points or $500 cash back when you spend $1,000 in the first 30 days.
Brex Cash has no annual fee, no interest, and no fees. It also has no foreign transaction fees, which can save you money if you travel or buy from overseas suppliers. You can also get employee cards at no additional cost and set spending limits for each card.
Brex Cash is a great cash management account that offers a corporate card with no personal guarantee, no interest, and no fees. You can use this account to pay for your farm expenses, earn cash back or points, and enjoy exclusive perks and discounts. For example, if you spend $10,000 on your card in a month, $2,000 of which on rideshare, you can earn 26,000 points or $150 cash back, plus the 50,000 welcome bonus points or $500 cash back, for a total of 76,000 points or $650 cash back. That’s a 7.6% or 6.5% return on your spending, which is amazing for a no-fee account.
To apply for Brex Cash, you need to have a U.S. bank account and a valid EIN.
FAQs
What are the benefits of using a credit card for farmers?
Using a credit card for farmers can have several benefits, such as:
- Earning rewards, such as cash back, points, or miles, on your farm expenses, which can help you save money or get more value from your spending.
- Accessing financing options, such as interest-free periods, low APRs, or balance transfers, that can help you manage your cash flow and debt.
- Building your credit history, which can help you qualify for better rates and terms on loans, mortgages, or insurance.
- Enjoying perks and benefits, such as travel insurance, purchase protection, extended warranty, or discounts, that can enhance your experience and protect your purchases.
- Simplifying your accounting and tax preparation, by having a separate card for your farm expenses, which can help you track your spending and deductions.
How to choose the best credit card for farmers?
Choosing the best credit card for farmers depends on your spending habits, preferences, and goals. Some factors to consider are:
- Rewards: You may want to choose a credit card that offers rewards that match your spending categories, such as gas, groceries, farm supplies, or travel. You may also want to consider the redemption options, such as cash, gift cards, travel, or more, and the value of each reward, such as the cash back percentage, the point value, or the mile value.
- Fees: You may want to choose a credit card that has low or no fees, such as annual fee, foreign transaction fee, or late payment fee. You may also want to compare the fees with the rewards and benefits, to see if they are worth it.
- Rates: You may want to choose a credit card that has low or no interest rates, such as 0% intro APR, low regular APR, or balance transfer APR. You may also want to consider the length of the interest-free period, the balance transfer fee, and the minimum payment requirement.
- Features: You may want to choose a credit card that has features that suit your needs, such as no preset spending limit, employee cards, spending alerts, or fraud protection. You may also want to consider the perks and benefits, such as travel insurance, purchase protection, extended warranty, or discounts, that can enhance your experience and protect your purchases.
How to apply for a credit card for farmers?
Applying for a credit card for farmers is easy and convenient. You can apply online, by phone, or by mail, depending on the issuer and the card. You will need to provide some basic information, such as:
- Your name, address, phone number, and email address
- Your business name, address, phone number, and email address
- Your business structure, industry, revenue, and expenses
- Your personal income, assets, and liabilities
- Your social security number and date of birth
- Your employer identification number (EIN) or tax identification number (TIN), if applicable
You will also need to agree to the terms and conditions, such as the interest rates, fees, and rewards, and authorize a credit check. You will receive a decision within minutes, days, or weeks, depending on the issuer and the card. If you are approved, you will receive your card and your account details in the mail.
Conclusion
A credit card can be a valuable tool for farmers, as it can help them pay for their purchases, earn rewards, and access financing options. However, not all credit cards are created equal, and some may offer better benefits for farmers than others, depending on their spending habits, preferences, and goals. To help you find the best credit card for your needs, we have compiled a list of 10 of the best credit cards for farmers, based on factors such as rewards, fees, rates, and features. We hope this guide has been helpful and informative, and we wish you all the best in your farming endeavors.
