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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
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 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.
SimplyCash Plus Business Credit Card
Pros: Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores
When all you want are cash rewards instead of Membership Rewards for award travel, you will like the SimplyCash® Plus Business Credit Card from American Express.
The SimplyCash Plus purchase rewards are very similar to the Chase Business Cash, but you might like the earning opportunities more because of the higher spending caps:
Each year, you will earn 5% on the first $50,000 at U.S. office supply stores and U.S. wireless telephone providers.
You can also earn 3% on the first $50,000 for one of the categories below:
- Airfare purchased directly from the airline
- Hotel rooms purchased directly from hotels
- Car rentals purchased from select car rental agencies
- U.S. gas stations
- U.S. restaurants
- U.S. purchases for advertising in select media
- U.S. purchases for shipping
- U.S. computer hardware, software, and cloud computing purchases from select providers
All remaining purchases earn 1% for non-bonus categories and bonus spending in excess of $50,000.
By maxing out the 5% and 3% bonus each year, you can earn $4,000 in bonus cash back fee-free! With Expanded Buying Power, you can spend beyond your credit limit to make those large purchases while still earning rewards. Just know 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
Capital One 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
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.
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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.