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A business credit card that earns rewards without having to pay an annual fee can be a winning proposition. No annual fee business credit cards let you earn bonus points on your business purchases that can be redeemed for cash or travel rewards. If you’re not ready to pay an annual fee yet, consider these business credit cards first.

Things to Consider Before Applying for a Business Credit Card

Before you apply for a business credit card, you have a few factors to consider:

  • What are the bonus categories?
  • What are your point redemption options?
  • Is there a sign-up bonus?

Even though you might only be considering no annual fee business credit cards, there are many differences beyond the business credit card design and the issuing bank. Taking a few extra minutes to compare your business needs to the credit card benefits business credit card available.

Chase Ink Business Cash

Pros: Earns Chase Ultimate Rewards and up to 5% on business purchases

Welcome Bonus: $500 cash back after spending $5,000 in the first 3 months

The Chase Ink Business Cash lets you earn 5% back each account anniversary year on the first $25,000 in combined spending on the following business purchases:

  • Office Supply Stores
  • Internet, Phone and Cable Services

You will also earn 2% back each account anniversary year on the first $25,000 in combined spending at:

  • Gas Stations
  • Restaurants

If you max out the $25,000 earnings cap for the year, you will earn 1% on all remaining purchases for that bonus category and you will always earn 1% back on all non-bonus category purchases.

Another added perk is primary rental car collision damage waiver protection which the Chase Sapphire travel rewards cards also offer.

Even though the Ink Business Cash is labeled as a cash rewards card, you can redeem your Ultimate Rewards points for travel and gift cards too for one cent each (10,000 points=$100). If you also own other Chase credit cards that earn Ultimate Rewards points, you can pool your points with the Chase Trifecta.

To earn more rewards, you can always upgrade to the Ink Business Cash Preferred to earn bonus points on travel purchases and have direct 1:1 point transfer opportunities too. You can compare the Ink Cash and Ink Preferred here. 

Blue Business Plus Cash Card from American Express

Pros: Earns 2x Membership Rewards on the first $50,000 each calendar year

If you want a no annual fee business credit card for travel rewards, the Blue Business℠ Plus Credit Card from American Express earns up to 2x Membership Rewards on business purchases that you can transfer on a 1:1 basis to frequent flyer account like Delta, British Airways Avios (American Airlines), JetBlue, Emirates, and Etihad.

The Blue Business Plus probably has the most flexible purchase rewards policy of any business credit card. You will earn 2x Membership Rewards on your first $50,000 in spending regardless of the spending category. After that, you earn 1 point per $1 on all remaining purchases for the year.

Just note that the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Your most valuable rewards with the Blue Business Plus are transferring your points to a travel partner or other award travel rewards.

American Express Blue Business Cash Card

Pros: Earns up to 2% bonus cash on business-related purchases

If you prefer a business credit card without an annual fee (See Rates & Fees) that earns cash back, the American Express® Blue Business Cash Card (formerly known as the American Express SimplyCash Plus Business) earns 2% cash back on all eligible purchases, up to $50,000 per calendar year. After that, you’ll earn 1% cash back on remaining purchases. All of the cash back you earn is credited to your statement automatically.

It also comes with Expanded Buying Power§ which gives cardholders the ability to spend beyond their credit limit. While the amount you are able to spend is not unlimited, it can be improved should you need it.

The amount will adjust with your usage of the card, your history regarding payments, your credit record, and your financial resources that American Express is able to review. Amex may have other factors that they consider, depending on the application.

The American Express Blue Business Cash Card is a good option for people who want simplicity without having to worry about annual fees. It’s an easy addition to your wallet.

Capital One Spark Cash Select for Business

Spark Cash Select

Pros: Earns 1.5% cash back on all purchases

Welcome Bonus: $200 cash bonus after spending $3,000 in the first 3 months

For a simple, flat-rate cash back credit card, you can consider the Capital One Spark Cash Select. You will earn 1.5% cash back on every purchase.

Another unique feature of this card is that you won’t pay a foreign transaction fee. Most no annual fee business credit cards still charge the 2.7% foreign transaction fee that erases any potential rewards you earn.

To make your bookkeeping easier, you will also receive a quarterly and annual spending report. And, all spending activity can be imported directly to QuickBooks, Quicken, and Excel.

Find more information HERE.

Capital One Spark Miles Select for Business

Capital One Spark Miles Select

Pros: Earns 1.5 miles per $1 on all purchases

Welcome Bonus: 20,000 bonus miles ($200) after spending $3,000 in the first 3 months

The Spark Miles Select is the business card version of the Capital One Venture.

You will earn unlimited 1.5 miles per $1 spent for every purchase category. Your miles can be redeemed as a statement credit for travel purchases or you can redeem them through the Capital One travel portal for award flights, hotels, and vacation packages.

Your miles don’t expire and when there are no minimum redemption requirements, blackout dates, or seat restrictions. In other words, Capital One might not let you transfer your points directly to a travel partner, but you will still have your choice of award travel.  All miles are worth 1 cent each, regardless of which type of award travel you book.

In addition to no annual fee, there is no foreign transaction fee either. If you make a lot of international purchases, either Capital One card can be a good option because they waive the foreign transaction fee.

Find more information HERE.

Summary of No Annual Fee Business Credit Cards

Any of these business credit cards will maximize your business spending and let you keep the entire reward because you won’t pay an annual fee. As you can redeem your rewards points for cash or travel, these business cards might not offer as many benefits as a business credit card with an annual fee, but you will still be rewarded with every purchase.

For rates and fees of the American Express Blue Business Cash Card, please click here.

Johnny Jet Editorial

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

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