May 20, 2019

Best Business Credit Cards with No Annual Fee

Lendio receives compensation for the credit card offers. This compensation may impact how products appear on this site (including, for example, the order in which they appear.) Lendio does not include all card companies or all card offers available in the marketplace. This editorial is from the viewpoint of Lendio, and not endorsed by any 3rd party. The information is accurate at the time of publication.

Earning cash back, miles, or points with a business credit card can be great if it means saving money. But paying a steep annual fee to earn rewards? Not so much.

Fortunately, some stellar options for charging business expenses don’t carry an annual fee. If you’re looking for a no-annual-fee business credit card, here are 4 to put on your short list of contenders.

American Express SimplyCash Plus Business Credit Card

If you like earning cash back on business purchases, the American Express SimplyCash Plus Business Credit Card is a solid choice. Aside from having no annual fee, this card offers 5% cash back on the first $50,000 in combined spending on wireless telephone services purchased directly from the provider and at US office supply stores. You’ll also earn 3% cash back on the first $50,000 in purchases from 1 of 8 categories of your choice. All other purchases earn unlimited 1% cash back. New cardmembers enjoy a 0% introductory APR for the first 15 months on purchases, which is good if you need time to pay off a larger purchase.

Capital One Spark Miles Select

The Capital One Spark Miles Select is a no-annual-fee business credit card option for earning travel miles. With this card, you earn unlimited 1.5 miles per dollar on every purchase. There’s also a one-time introductory bonus worth 20,000 miles, which is equal to $200 in travel statement credit when you spend $3,000 in the first 3 months from account opening. This card also gives you time to pay for purchases interest-free. An introductory 0% APR applies to purchases for the first 9 months; after that, the regular variable APR applies.

Chase Ink Business Cash

The Chase Ink Business Cash card features a generous introductory cash bonus of $500. To qualify for the bonus, you need to make $3,000 in purchases in the first 3 months after account opening. Members earn 5% cash back on the first $25,000 spent each anniversary year at office supply stores and on internet, cable, and phone services. A 2% cash rewards rate applies to the first $25,000 spent at gas stations and restaurants each year. All other purchases earn unlimited 1% cash back with no annual fee.

American Express Blue Business Plus Credit Card

If you’d like to stick with American Express for your business credit card but earn points instead of cash, consider the Blue Business Plus Credit Card. Purchases earn 2 Membership Rewards points per dollar spent on the first $50,000 in purchases each year. That’s for any business purchase; there are no categories or reward tiers to worry about. Once you reach the $50,000 spending threshold, you’ll continue earning 1 point per dollar. Your spending limit adjusts to fit your needs, which is great if you occasionally need more buying power for your business. Along with no annual fee, you’ll also pay no over-limit fee with this card. And the introductory 0% APR extends to both purchases and balance transfers for the first 12 months.

 

Lendio receives compensation for the credit card offers. This compensation may impact how products appear on this site (including, for example, the order in which they appear.) Lendio does not include all card companies or all card offers available in the marketplace. This editorial is from the viewpoint of Lendio, and not endorsed by any 3rd party. The information is accurate at the time of publication. 

Lendio's Top Choice of Business Credit Cards

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About the author

Rebecca Lake
Rebecca Lake
Rebecca Lake is a financial journalist covering small business, investing, and personal finance. Her work has appeared online at U.S. News and World Report, Investopedia, and The Balance. She also works with top banking and insurance brands, including Citibank, Ally, Discover Bank, and AIG.

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