Credit cards offer an opportunity for small business owners to build a strong credit score for the future, and provide them valuable rewards with everyday purchases. Although some business credit cards come with pesky annual fees the fees are tax deductible. But, it is also easier to find out no annual fee business credit cards.
Luckily, there are plenty of business credit cards that come with no annual fees in the market, but those can also help you to earn points, cashback offers, and other features such as an introductory 0% Apr period. These credit cards are also helpful for businesses as they provide employee cards without any cost.
According to our deep research, we are going to enlist some of the top no-annual-fee business credit cards, and how your business can save money with each one.
Table of Contents
The best business credit cards with no annual fees:
#1. CHASE Ink Business Unlimited Credit card: The Winner
Intro APR: 0%
Annual fee: $0
Regular APR: 17.99%-23.99% variable
Credit needed: Excellent/Good
The Chase Ink Business Unlimited Credit card ranked top in our list because of its generous welcoming offer and 1.5% cash back earning offer. This business credit card is the great one for business owners who don’t want to track their business expenses to maximize their rewards.
You can earn a $750 bonus after spending $6,000 on purchases within the first three months after getting a card membership. You can also earn 1.5% cash back on all purchases. The cash-back offer can also be transferable into Chase Unlimited Rewards points if you own a Chase Unlimited reward card.
This business card also comes with 0% intro APR for the first three months of getting a card membership. Additionally, you can add employee cards without any cost.
#2. Blue Business Cash Card from American Express: Runner up
Intro APR: 0%
Annual fees: $0
Regular APR: 17.99%-25.99% variable
Credit needed: Excellent
The Blue Business Cash Card from American Express can be the best pick for small businesses that are looking for solid cash back on every purchase. After getting approved, you can earn a $250 statement credit after you make purchases of $3,000 using this card within the first three months. And as you make a purchase, you will earn 2% cash back on all eligible purchases up to $50,000 per calendar year; after that 1% cash back.
The cashback you will earn will be tax deductible; conditions apply. Moreover, the real power of using this card is you can purchase beyond its credit limit through Expanded buying power. Some other perks include extended warranty coverage, the ability to add 99 employees free of charge, and also purchase protection.
The new cardholders can enjoy a 0% introductory APR on purchases within 12 months from the day of account opening. After that, you will be charged a regular APR of 17.99% to 25.99% variable.
#3. Chase Ink Business Cash Credit Card: Best for office supplies:
Intro APR: 0%
Annual fee: $0
Regular APR: 17.99%-23.99% variable
Credit needed: Good/ Excellent
Chase Ink Business Cash Credit Card is a great option for small businesses that significantly make purchases of furniture, or other office equipment or have significant bills from their cable, internet, or phone service providers.
This card facilitates your business with:
- 5% cash back on the first purchase of $25,000 with combined purchases of office supply stores, cable, internet, and phone service provider.
- 2% cash back offers on the first $25,000 purchases combined purchases at gas stations, and restaurants each account anniversary year.
- 1% cash back offer on all other purchases.
This card also comes with an enjoyable welcome offer that includes $750 in bonus cash back after you make a purchase of $6,000 within the first three months of getting a card membership.
You can also get the benefit of 0% introductory APR for the first 12 months after opening an account. And then you will be charged a regular APR of 17.99%-23.99%.
Other perks include various travel protection, extended warranty protection, purchase protection, and employee cards without any additional costs.
#4. US Bank Business Platinum Card: Best for 0% intro APR: Best for 0% intro APR
Intro APR: 0%
Annual fee: $0
Regular APR: 16.74%-25.74% variable
Credit needed: Good/ Excellent
The US Bank Business platinum card is the best pick for businesses that require to finance significant purchases with the provided option that enables them to pay the amount back at their speed.
If you are getting approved for this card then you will be offered a 0% intro APR on purchases and balance transfer for the first 18 billing cycles. Then, they will become variable APR of 16.74%-25.74%.
So, you can make your required business purchases as long as you make the minimum payment each month. You will not be incurred to any interest charges or fees. So, if you need to purchase a laptop for your business or need to upgrade any equipment then you must go forward with a US Bank business Platinum card for your business.
#5. American Express Blue Business Plus Credit Card: Best for travel rewards:
Intro APR: 0%
Annual fee: $0
Regular fee: 17.99%-25.99% variable
Credit needed: Excellent
If your business requires to earn travel rewards then the Blue Business Plus Credit Card is the best pick for you. This card is almost similar to American Express Blue Business Cash Card, but here instead of cash back you will earn American Express Membership Rewards points. These rewards points are one of the most valuable rewards because they can be converted to 21 hotels and airline partners.
While you will be getting approved for this business credit card you will be offered a welcome offer of 15,000 Membership rewards points for making eligible purchases of $3,000 on the card within three months of account opening.
Then, as you spend you will earn 2X points per dollar spent on all purchases that range up to $50,000 per calendar year.
FAQ:
Do no annual fee business credit card worth the value?
Ans: For some business professionals, no annual fee business credit cards are worth the value, especially if you want to enjoy the cashback offers and reward points. Also, you can make a large investment using the business credit card where you need not lose your business capital instead you can repay the balance in a flexible time frame.
Is the annual fee good or bad?
Ans: Annual fee is that of money that any business owner might like to avoid when it comes to credit card selection; but it is not always a bad thing. In some cases paying the annual fees can be worth it especially if you want to be offered the cash back, earn valuable sign-up bonus points, and travel rewards.
Conclusion:
Using a business credit card can strategically help you to save more money. There some credit cards come with a little higher annual fee and interest. So, before going forward to pick the business credit card for your business you need to go through deep research. There are plenty of business credit cards available in the market that comes with no annual fee.
Before using your card to take advantage of such as cash back, and rewards; you need to be sure to weigh the pros and cons of using the card for any business operation. Hope, this article will help you to pick the right business credit card for your business that will be effective for saving money.
