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In general, credit cards with an annual fee are considered the best credit cards on the market due to their extra benefits and features. Take a look at the Platinum Card from AMEX; it comes with a $450 annual fee, but the perks are well worth that amount. The downside to cards that charge an annual fee is that just increases your cost to carry credit. The cost of carrying credit already includes interest charges, penalty fees, and other various fees such as for balance transfers or a cash advance.
We already published the best no annual fee credit cards for personal use. Here is one of the last articles that’s part of our continuing resource list.
Best No Annual Fee Business Cards From Our Partners
All major issuers have business credit cards, though some offer more than others. You’ll notice that all business cards below offer rewards. That’s because we don’t believe there’s any real purpose to carrying a credit card that doesn’t earn you rewards, with the exception to those strictly looking to complete a balance transfer at a great 0% rate. Here, we have the best business credit cards by issuer that have no annual fee.
Ink Cash® Business Credit Card- This business card is offered by Chase and offers an intro APR of 0% for 12 months on purchases and balance transfers. You get 5% cash back on the first $25,000 spent annually in combined office supply stores, and on cellular phone, landline, internet, and cable TV services; 2% cash back on the first $25,000 spent annually on combined gas station and restaurant purchases; and 1% cash back on all other purchases with no limit to amount you can earn. An additional bonus for new cardholders is $200 bonus cash back after you spend $3,000 in the first 3 months from account opening.
SimplyCash® Business Card from American Express- This business credit card by American Express offers an intro APR of 0% for 9 months on purchases and has an on-going APR of 12.49%-19.49% variable. Cardholders can earn 5% cash back at US office supply stores and telephone services, 3% cash back on the category of your choice, and 1% cash back on other purchases. This card makes it easy to reinvest in your business with automatic cash back rewards. You can receive a $250 statement credit after spending $5,000 on qualifying purchases on the card within the first 6 months of opening the account. The rewards program for this credit card can be somewhat complex so it's important to read over the terms and conditions that may apply.
CitiBusiness ThankYou Card- This card is offered by Citi and designed for business owners with established credit history. The intro period is a short 6 months of 0% APR on purchases with an on-going APR of 13.24% variable. Cardholders will earn 3 ThankYou points for every dollar you spend on eligible rotating category purchases, and then 1 ThankYou Point is earned on all other purchases with no caps on the number of points you can earn. The rotating bonus categories are all related to possible business expenses:
- Q1: 3 points on advertising, office supplies, and professional services
- Q2: Computer equipment, software, and telecommunications
- Q3: Airlines, hotels, and car rentals
- Q4: Dining and entertainment
*This offer has since expired or is no longer available.
US Bank Business Cash Rewards Visa- We chose this business card because, like the Cash Rewards for Business MasterCard, it offers the most rewards, has a nice intro period, and isn’t affiliated with any airline or association. Cardholders will earn 3% cash back on cellular, gas, and net purchases made at office supply stores, and also earn 1% on all net purchases. You won’t have to worry about rewards expiring and you receive an annual bonus equal to 25% of the prior year’s cash rewards on your account anniversary date. The 0% intro APR is for 9 months, which then turns to the on-going rate of 11.99% -17.99% variable. In order to bypass the annual fee, you must charge a purchase to the card at least once per year or you get charged a $25 fee.
The Blue for Business® Credit Card from American Express OPEN- This business card by American Express comes with 0% introductory APR for the first 12 months, with an on-going APR 11.49% - 19.49% variable, based on your creditworthiness. You can earn 10,000 Membership Rewards® points after making their first purchase on the Card within the first 3 months of card membership and 2x Points for each dollar spent on the first $50,000 in purchases for the first year. After that, cardholders will earn 1x point per dollar spent, but you also have the chance to earn 30% more points each year with the annual Relationship Bonus based on how much you spend. *Terms apply.
Additional No Annual Fee Business Cards
Since there are probably thousands –if not millions- of different business credit cards available out there, so I’m only focusing on those with for small businesses, no annual fee for at least the first year, those offered by major banks, and business cards that aren’t affiliated with another party besides airlines.
|Credit Card||Issuer||Annual Fee Year 1||Annual Fee After 1st Year|
|Business Cash Rewards Visa||US Bank||$0||$0 if you make one purchase/year, or it's $25/year|
|The Business Gold Rewards Card from American Express OPEN||American Express||$0||$175|
|Business Green Rewards||American Express||$0||$95|
|Business Preferred World MasterCard||Bank of America||$0||$0 for customers with open Business Advantage or Business Analysis Checking Account, or it's $125/year|
|Capital One Spark Cash for Business||Capital One||$0||$59|
|Capital One Spark Cash Select for Business||Capital One||$0||$0|
|Capital One Spark Classic for Business||Capital One||$0||$0|
|Capital One Spark Miles for Business||Capital One||$0||$59|
|Capital One Spark Miles Select for Business||Capital One||$0||$0|
|CitiBusiness/AAdvantage World Mastercard||Citi||$0||$95|
|FlexPerks Business Select Rewards Visa||US Bank||$0||$0|
|FlexPerks Business Edge Travel Rewards||US Bank||$0||$55|
|Gold Delta SkyMiles Business Card||American Express||$0||$95|
|Platinum Plus for Business MasterCard||Bank of America||$0||$0|
|Platinum Visa Business Card||Bank of America||$0||$0|
|Plum Card from AMEX OPEN||American Express||$0||$250|
|Starwood Preferred Guest Business Card||American Express||$0||$65|
|TrueEarnings Business Card from Costco & AMEX||American Express||$0 with paid Costco Membership||$0 with paid Costco Membership|
|US Bank Business Edge Platinum||US Bank||$0||$0|
|WorldPoints Rewards for Business Visa Card||Bank of America||$0||$0|
|WorldPoints Travel Rewards for Business Visa||Bank of America||$0||$0|
Compare business cards side-by-side to determine which one is best for your business needs. Some business cards require a minimum spending limit in order to get certain rewards, or a bonus, or in order to pay no annual fee. How much you plan to spend per year and the items you plan to purchase play a major role in deciding what business credit card to apply for.
*Terms and Conditions may apply
*Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.