For 1099 contractors & freelancers
Partly. Interest on credit card charges for business expenses is deductible. Interest on personal purchases isn’t.
Schedule C, line 16b (Interest, other).
What matters is how the borrowed money was used, not whose name is on the card. Interest on a balance from business purchases is a business expense.
On a card used for both, deduct the share of interest that relates to the business charges. A card used only for business makes this simple.
Annual fees on a card used only for business are deductible too, as a bank fee.
Card statements and a record of which charges were for business.
In Smart Deductions, this is suggested as Interest (Schedule C line 16b). You confirm it before it counts.
Sources
General information, not tax advice. For your specific situation, check with a CPA or Enrolled Agent.