7 Best Business Credit Cards With No Annual Fee

If you’re in the market for a business credit card without an annual fee, here are seven cards that will help your company to save money.

The “best business credit cards with no annual fee and cash back” has been a popular topic for many years. These 7 credit cards are the best in their class and have no annual fees.

Editor’s note: This is a periodic piece containing card information that is updated on a regular basis.

Finding a company credit card with no annual charge will save you money year after year since annual fees on business credit cards can vary from $95 to $695. Check out our list of the finest business credit cards that don’t charge an annual fee if you’re looking for a no-fee card with appealing rewards and introductory bonuses:

Benefits of Annual Fee-Paying Credit Cards When you want to save money, avoiding the expense of an annual fee makes sense, but you should also evaluate the benefits of cards that do charge an annual fee. These cards normally have substantially better benefits, and after a few transactions, the rewards usually cover the annual charge. Discounts on flights, hotels, rental cars, and restaurants, as well as access to airport lounges and unique dining experiences, are among the shopping and travel incentives.

Blue Business CashTM from American Express

Details about the Overview Advantages and Disadvantages

The American Express Blue Business CashTM Card is a credit card issued by American Express.

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Apply Now

via the secure website of the American Express Blue Business CashTM Card

BEST FOR

Earn 2% cash back on every swipe and a 0% introductory annual percentage rate (APR) for the first 12 months.

Intro APR

Purchases are tax-free.

APR on a regular basis

Variable 13.24 percent – 19.24 percent

Credit is required.

Good, Excellent

• After you spend $3,000 on your Card in the first three months, you’ll get a $250 statement credit.
• Earn 2% cash back on all qualifying purchases up to $50,000 per calendar year, after which you’ll get 1%. Earned cash back is immediately added to your account.
• Your company is continuously evolving, from workflow to inventory to floor layouts. As a result, with Expanded Buying Power, you have the ability to spend over your credit limit.
• Always keep in mind that the amount you may spend above your credit limit is restricted. It changes based on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• For the first 12 months after account creation, you’ll get a 0% intro APR on purchases, followed by a variable rate of 13.24 percent to 19.24 percent, dependent on your creditworthiness and other variables assessed at the time of account opening.
• There is no annual fee.
• Terms and Conditions apply.

Pros

• For the next 12 months, there is no interest.
• On every purchase, get a constant 2% cash back incentive.

Cons

• There is no sign-up incentive in the form of money.
• The 2% cash back category has a limit of $50,000 in yearly expenditure.

• Extended warranty coverage: On warranties of up to 5 years, American Express gives up to an extra year of coverage. Each year, coverage is capped at $10,000 per incident and $50,000 per account.
• Purchase protection: If an item bought with the card is damaged or stolen within 90 days of purchase, the issuer will repair, replace, or refund you. The maximum coverage is $1,000 per event and $50,000 per account per year.
• Baggage insurance: If your baggage is damaged or destroyed while traveling by aircraft, train, ship, or bus, American Express will compensate you for damages not covered by your own personal insurance.

Read the Complete Review

Why we like it: This card is a clear winner in the category of best overall business card. You receive a 0% APR for the first 12 months, a low interest rate, and simple cash back benefits in addition to no annual fee. Up to $50,000 per calendar year, get 2% cash back on all qualifying purchases, then 1% after that.

Earn a $250 statement credit as an initial incentive after spending $5,000 on qualified purchases during the first three months of card enrollment. Your cash back will be promptly added to your account. This is why we consider American Express Blue Business CashTM to be one of the finest credit cards for small businesses.

Blue Business® Plus by American Express

Details about the Overview Advantages and Disadvantages

American Express’s Blue Business® Plus Credit Card

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Apply Now

Visit American Express’s secure website for The Blue Business® Plus Credit Card

BEST FOR

2x points per $1 and a 0% introductory APR for the first 12 months

Intro APR

Purchases are tax-free.

APR on a regular basis

Variable 13.24 percent – 19.24 percent

Credit is required.

Good, Excellent

• Spend $3,000 in qualifying purchases on the Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
• On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
• With Expanded Buying Power, you have the ability to spend your Card above its credit limit*.
• *There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• For the first 12 months from the date of account establishment, you’ll get a 0% intro APR on purchases, followed by a variable rate of 13.24 percent to 19.24 percent, dependent on your creditworthiness and other characteristics at account opening.
• There is no annual fee.
• Terms and Conditions apply.

Pros

• Purchases and balance transfers get a 0% APR for 12 months.
• Earn 2x points on all purchases.

Cons

• There is no enticing welcome offer.
• The amount of money you may spend to get 2x points is restricted at $50,000.

• If the original manufacturer’s warranty is shorter than two years, American Express will match the term of the guarantee. If the original manufacturer’s warranty is between 2 and 5 years, it offers an extra 2 years. Each year, coverage is capped at $10,000 per incident and $50,000 per account.
• Purchase protection: If an item bought with the card is damaged or stolen within 120 days of purchase, the issuer will repair, replace, or refund you. The maximum coverage is $1,000 per event and $50,000 per account per year.

Read the Complete Review

Why we like it: This card, like the American Express Blue Business CashTM card, has a 0% introductory APR period and no annual fee, but instead of cash back, you’ll earn 2x points on any category every time you use it with the American Express Blue Business® Plus card.

You may use your points to get gift cards, make purchases on Amazon and other sites, and get automatic statement credits, among other things.

Chase Ink UnlimitedSM is a brand of Chase Ink.

Details about the Overview Advantages and Disadvantages

Credit Card Ink Business Unlimited®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

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Chase’s Protected Website

BEST FOR

Getting 1.5 percent cash back on each and every transaction

Intro APR

0% Introductory APR on Purchases

APR on a regular basis

Variable 13.24 percent – 19.24 percent

• After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
• Earn an unlimited amount of 1.5 percent cash back on all purchases made for your company.
• There is no annual fee.
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• Employee cards allow you to earn rewards quicker and at no extra expense. To get more control over your spending, set specific spending limitations.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• On purchases, there is a 0% introductory APR.
• On all purchases, you’ll get unlimited cash back incentives.

Cons

• Balance transfers are not eligible for the introductory APR period.
• Fee for transferring fundss are 5%.

• When renting a car for business, the collision damage waiver is primary, meaning it substitutes any personal insurance coverage you may have; it covers compensation up to the real cash value of the vehicle for theft and collision damage for most automobiles in the US and internationally.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
• On qualified warranties of three years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Read the Complete Review

Why we like it: With this card, earning points is straightforward. With no limits and no yearly charge, you may earn limitless 1.5 percent cash back on each transaction. For the first 12 months, it also provides a 0% intro APR on purchases. You may get cash back as a statement credit or have it sent straight into your bank account. Because of the ease with which you may earn points, Chase Ink Business UnlimitedSM is one of the finest cards for startups.

Chase Ink Business CashSM is a service provided by Chase Ink.

Details about the Overview Advantages and Disadvantages

Credit Card Ink Business Cash®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Apply Now

Chase’s Protected Website

BEST FOR

Businesses that are headquartered in an office and wish to earn a lot of money back

Intro APR

0% Introductory APR on Purchases

APR on a regular basis

Variable 13.24 percent – 19.24 percent

• After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
• Each account anniversary year, get 5% cash back on the first $25,000 spent in combined purchases at office supply retailers and on internet, cable, and phone services.
• Each account anniversary year, get 2% cash back on the first $25,000 spent in combined gas station and restaurant expenditures. On all other purchases, you’ll get 1% cash back.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
• There is no annual fee.
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• Spending on office supplies reaps the most benefits.
• On purchases, there is an introductory APR.
• Sign-up bonus in cash

Cons

• Balance transfers are not eligible for the 0% APR.
• A 5% balance transfer fee is charged.
• Designed mostly for office-based businesses.

• When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most automobiles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
• On qualified warranties of 3 years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Read the Complete Review

We like it because: Up to $25,000 in cash back on office supplies, internet, cable, and phone can help you get the most out of your money. You’ll also earn 2% cash back on your first $25,000 spent at gas stations and restaurants, and 1% cash back on everything else, with no limitations or restrictions. If you spend $7,500 in the first three months, you’ll get a $750 additional cash back as an introductory offer. You can get cash back as a statement credit or a direct payment to your bank account, just like with the Chase Ink Business UnlimitedSM card.

Mastercard® U.S. Bank Business Triple Cash Rewards World EliteTM

Details about the Overview Advantages and Disadvantages

Mastercard® U.S. Bank Business Triple Cash Rewards World EliteTM

BEST FOR

APR of 0% for 15 billing cycles

APR on a regular basis

13.99 percent -21.99% (Variable)

Credit is required.

Excellent/Good

• The U.S. Bank Business Triple Cash Rewards World EliteTM Mastercard®, the card that rewards you for all of your qualified business expenses, is now available.
• Earn $500 in cash back for a limited time. Simply spend $4,500 on the Account Owner’s card during the first 150 days of your account being opened.
• Earn 3% cash back at petrol stations, office supply retailers, and telephone service providers on qualified purchases. as well as eateries
• All other qualified net purchases will earn you 1% cash back.
• There is no limit to the total amount of cash back that may be received.
• Reward points never run out.
• For regular software subscription fees like FreshBooks or QuickBooks, you may get a $100 statement credit per year.
• For 15 payment cycles, get a 0% intro APR on purchases and debt transfers. Then there’s a variable APR ranging from 13.99 percent to 22.99 percent.
• There is no yearly charge.
• U.S. Bank, a World’s Most Ethical Company® in 2021, has a great offer – Ethisphere Institute, February 2021.

Pros

• On purchases and debt transfers, there is a 0% APR period.
• 3 percent cash back at petrol stations, office supply retailers, cellular service providers, and restaurants on qualified purchases

Cons

• A little welcome bonus is available.
• Balance transfer fee

• Collision damage waiver for MasterRental automobile rentals: When you use your U.S. Bank credit card to rent a vehicle, you’re insured in the event of an accident or theft on all rentals made globally. Because the coverage is primary, you won’t need to utilize your own vehicle insurance or accept the rental agency’s insurance. The maximum amount of coverage is $50,000.
• Purchase assurance: If an item bought with your U.S. Bank business credit card is destroyed or stolen within 90 days of purchase, U.S. Bank may repair or pay you. Coverage is restricted to $1,000 per loss, with a maximum of $25,000 per account per year. Items that are placed out of reach and visible to others are not protected.
• Extended warranty protection: From the expiry of warranties of 5 years or less, U.S. Bank will double the manufacturer’s guarantee up to an extra 1 year. For example, an item with a 6-month warranty would be covered for another 6 months. The issuer will either replace the item or pay you up to $10,000 for the amount charged on your US Bank card.

Why we like it: If you’re a frequent traveler, you can get up to 3% cash back at participating gas stations, office supply retailers, and cellphone/service providers. In addition, you’ll earn 1% cash back on all other qualified purchases. Earn $500 cash back after spending $3,000 in the first 90 days after creating your account as an introductory offer. There’s also no limit on how much cash back you can earn, and your benefits never expire. Instead of paying an annual fee, you’ll get a 25% yearly bonus, up to $250, depending on your previous year’s cash rewards.

Spark® Classic for Business by Capital One®

Details about the Overview Advantages and Disadvantages

Spark® Classic for Business by Capital One®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Apply Now

visit the secure website of Capital One® Spark® Classic for Business

BEST FOR

Owners of fair credit businesses (580 to 669)

APR on a regular basis

269,9% (Variable)

Credit is required.

Average, Reasonable, and Limited

• Every time you swipe, you’ll get 1% cash back.
• Build your company’s credit by using it responsibly.
• Employee cards may be distributed for free.

Pros

• Possibility of obtaining business credit
• Even with acceptable credit, you may earn fixed-rate incentives.
• Reward points never run out.

Cons

• High APR
• There is no sign-up incentive.
• Personal credit bureau reports

• Purchase protection: If your qualifying products are stolen or damaged during the first 90 days of purchase, Capital One will replace, repair, or refund you.
• Extended warranty protection: On qualifying products bought with your business card, you’ll receive an extra year of warranty protection, up to one year beyond the manufacturer’s guarantee.
• When you hire an eligible automobile with your Capital One® Spark® Classic for Business card, you’re insured for damage resulting from an accident or theft.

Read the Complete Review

Why we like it: The Capital One® Spark® Classic may be a suitable choice if you’re beginning a small company and have a limited credit history. You can establish credit history and save money on every transaction you make with no yearly fee and 1% cash back on all purchases. You may choose to get cash back in the form of a statement credit or a cheque in the mail. Because the purchase APR is high (26.99 percent) and there is no introductory rate, it’s preferable to pay off the debt in full each billing cycle to get the most out of the 1% cash incentive.

Spark® Cash Select by Capital One®

Details about the Overview Advantages and Disadvantages

Spark® Cash Select for Business by Capital One®

Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.

Apply Now

via the secure website of Capital One® Spark® Cash Select for Business

BEST FOR

Companies that spend less than $19,000 per year

Intro APR

Purchases are tax-free.

APR on a regular basis

13.99 percent – 23.99% (Variable)

Credit is required.

Excellent, Good

• After spending $3,000 in the first three months, you’ll get a $200 welcome bonus.
• Every purchase earns you 1.5 percent cash back.
• Employee cards may be distributed for free.

Pros

• There is no yearly charge.
• Ability to finance items for nine months at 0% APR.

Cons

• Balance transfers are not eligible for the 0% APR.
• Rewards cannot be used for travel or transferred to a travel companion.

• When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. It covers most automobiles in the US and overseas for theft and accident damage up to the real monetary worth of the vehicle.
• Purchase protection: Protects your new goods against damage or theft for up to 90 days, up to $10,000 per claim.

Read the Complete Review

We like it because: This card gives you 1.5 percent cash back on all purchases and a $200 welcome bonus once you spend $3,000 in the first 90 days. While the 0% introductory APR only lasts nine months, you may redeem any amount of cash back at any time, and you can pick between cash back on your statement or a cheque in the mail, just as with the Capital One® Spark® Classic. If you want clear rewards with no category limits, this card is a fantastic option.

How We Decided on These No-Annual-Fee Credit Cards

We considered low interest rates, excellent incentives, and easy introductory offers while choosing the top no-annual-fee cards. All of these elements add up to the greatest variety of business cards available.

Conclusion

The most valuable card for your company is the one that offers the most benefits. Without having to pay an annual fee, the no-annual-fee cards on our list provide the finest rewards and initial incentives. Keep in mind that some card offers waive the annual cost for the first year only, then charge a fee every year after that, so read the fine print on each card.

The “american express business credit card no annual fee” is a card that offers users the ability to earn rewards and sign-up bonuses. It also has no foreign transaction fees.

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