Business credit cards with no annual fee are best for startups and owners concerned about keeping card costs low. The best cards pay up to 5% in rewards and have ongoing APRs starting at 11.49%. Some business credit cards charge annual fees up to $495, but high fees don’t always mean a better card.
Top 9 Business Credit Cards With No Annual Fee July 2019
| Card | Best For |
|---|---|
| Chase Ink Business CashSM | (Overall best) Top cash back rewards |
| Chase Ink Business UnlimitedSM | Fixed-rate cash back |
| Fixed-rate points | |
| Bank of America® Business Advantage Travel Rewards World Mastercard® | Earning travel rewards |
| U.S. Bank Business Cash Rewards World Elite™ MasterCard® | 0% APR on purchases and balance transfers |
| Bank of America® Business Advantage Cash Rewards Mastercard® | Earning gas rewards |
| Bank of America® Platinum Visa® Business | Low ongoing APR |
| Capital One® Spark® Cash Select for Business | Annual spending less than $19,000 |
| Capital One® Spark® Classic for Business | Fair credit (580 to 669) |
What’s Changed With the Best Business Credit Cards With No Annual Fee
This article was originally published in June 2019. We update our business credit cards with no annual fees ranking frequently because issuers often change introductory APRs and rewards. The most recent changes to the best business credit cards with no annual fee include a card improving its introductory APR offer and the removal of a small business credit card from our list.
The changes to our list of the best no-fee credit cards include:
When to Use Business Credit Cards With No Annual Fee
No annual fee business credit cards are best for businesses that want to eliminate the cost of owning a small business credit card. You should consider using a card with no annual fee if you own a startup or new business, want to issue free employee credit cards, or don’t need top-tier perks, such as airport lounge access.
Business credit cards with no annual fee are best for:
- Startup businesses: Startup businesses may be looking for ways to save money. One way to accomplish this is by opening a startup business credit card with no annual fee. These cards are free to own and give entrepreneurs easier access to credit to help build their businesses.
- New businesses: Most new businesses want to find ways to minimize their spending while getting started. New business credit cards with no annual fees are a great way to eliminate the annual cost of a business credit card.
- Issuing free employee cards: Business cards with no annual fee also offer additional employee cards at no additional cost. This is an excellent way to get company funds in the hands of your employees without having to spend money on extra business credit cards.
- Businesses that don’t need top-tier perks: Business credit cards with high annual fees may offer more robust additional features and travel perks compared to cards with no annual fees. For example, several travel business credit cards offer free airport lounge access and free checked bags, but charge an annual fee.
You should apply for a business credit card that carries no annual fee if you want to save your business some money. Even though the cards on our list are free to own, you’ll still have the opportunity to earn introductory bonuses and ongoing rewards and access low ongoing APRs.
How We Evaluated Business Credit Cards With No Annual Fee
We looked at business credit cards with no annual fee and determined the best by examining each card’s introductory and ongoing rewards, as well as other criteria. The best business credit card for you is likely determined by the right mix of introductory rewards, ongoing rewards, and ongoing APR.
In our evaluation of the best no-fee credit cards, we considered the following criteria:
- Annual fee: How much it costs to own the card. We only looked at business credit cards that charge no annual fee.
- Introductory rewards: The sign-up bonus you can earn by meeting a minimum spending requirement. Cards on this list offer introductory rewards up to $500.
- Ongoing rewards: The rewards you can earn for your everyday business-related purchases. The cards on our list offer up to 5% cash back.
- Introductory APR: Whether a card offers an introductory 0% APR period on purchases or balance transfers. Some cards on our list offer interest-free financing on purchases and balance transfers for 15 billing cycles
- Ongoing APR: How much it costs to finance purchases or balance transfers after the introductory period on the card. Cards on this list have ongoing APRs as low as 11.49%.
- Additional features: Any free perks or benefits that increase the card’s value such as purchase protection and extended warranty protection. Most business credit cards on our list offer fraud protection and insurance.
Typically, business credit cards will consider both your business credit and your personal credit. We recommend a personal credit score of at least 670 to qualify for a business credit card. If you have lower credit, you should consider business credit cards for fair credit (580 to 669), including one on this list. You also can compare the best no annual fee business credit cards through our credit card marketplace.
We recommend Chase Ink Business CashSM as the best overall business credit card with no annual fee. It pays top cash back rewards for office supply spending, and you can earn an introductory reward of $500 after spending $3,000 within three months.
Chase Ink Business CashSM: Overall Best Business Credit Card With No Annual Fee
Chase Ink Business CashSM is the best overall business credit card with no annual fee. This card is designed for business owners who want to earn top cash back rewards as it pays up to 5% cash back. You can earn a $500 bonus after spending $3,000 on purchases within the first three months. Plus, you’ll have interest-free financing on purchases for 12 months and an ongoing APR that starts at 15.49%.
Chase Ink Business CashSM Costs
Chase Ink Business CashSM charges no annual fee and no interest for 12 months on purchases. Once the introductory period ends, its ongoing APR is between 15.49% and 21.49%.
Financing costs and fees on the Chase Ink Business CashSM credit card include:
- Annual fee: None
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 15.49% to 21.49% variable, which will adjust with the prime rate
- Balance transfer fee: 5% or $5, whichever is greater
Chase Ink Business CashSM only offers an interest-free financing period on purchases. If you need to transfer a balance, consider the U.S. Bank Business Cash Rewards World Elite™ MasterCard®, which offers an introductory 0% APR period on both balance transfers and purchases for 15 billing cycles. This U.S. Bank business credit card is our pick for the best balance transfer business credit card.
Chase Ink Business CashSM Rewards
This LLC credit card offers the best ongoing rewards for office supply and telecommunications services purchases compared to other cards on our list. You also can earn bonus cash back on purchases at gas stations and restaurants. After spending $3,000 within the first three months, you’ll earn a $500 bonus.
Introductory Rewards
You’ll earn $500 cash back after spending $3,000 within the first three months after account opening. This is the highest introductory offer available among business credit cards with no annual fee on our list, tied with Chase Ink Business UnlimitedSM.
Ongoing Rewards
You will earn the following ongoing rewards when using your card:
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone, and landline services each account anniversary year, then 1% afterward
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, then 1% afterward
- 1% cash back on all other purchases
Chase Ink Business CashSM offers the highest rewards on office supply spending at 5% cash back. In comparison, the U.S. Bank Business Cash Rewards World Elite™ MasterCard® only pays 3% cash back at office supply stores.
How to Redeem Rewards
You can redeem rewards for cash back, gift cards, and travel through Chase’s online travel portal. The redemption value is one cent per point, which is similar to most cash back credit cards. If you redeem your points as cash back, you can receive them as a statement credit or deposit them into an eligible bank account from a U.S. based bank or credit union.
Chase Ink Business CashSM Additional Features
Chase Ink Business CashSM offers benefits that many other business credit cards offer, including car rental insurance, purchase protection, and extended warranty protection.
Chase Ink Business CashSM comes with the following additional features:
- Auto rental collision damage waiver: Provides primary coverage when you’re renting a car for business purposes, which means it replaces any coverage your personal insurance might offer. Chase may reimburse up to the actual cash value of the vehicle for theft and collision damage.
- Purchase protection: Covers items within 120 days of purchase from damage or theft. Coverage is limited to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Offers an additional year of warranty on U.S. manufacturers’ warranties of three years or less.
Some cards on our list offer more robust coverage levels and protections. For example, American Express business credit cards offer an extended warranty protection plan that covers warranties of five years or less compared to three years.
What Chase Ink Business CashSM Is Missing
This Chase business credit card caps both of its 5% and 2% rewards categories at $25,000 in spending per year, which may be too low for some business owners. If you want a card that has no annual cap, the U.S. Bank Business Cash Rewards World Elite™ MasterCard® is a good option. However, that card only pays 3% cash back on office supply store purchases.
Chase Ink Business CashSM Reviews
We considered both user reviews and our own editorial review when rating this card. Chase Ink Business CashSM reviews are mostly very positive. Compared to other cards, users especially enjoy the rewards structure and no annual fee.
User Reviews
Online user reviews are extremely positive. Cardholders value the lack of an annual fee and love the rewards structure. Some users complain the ongoing APR is too high. However, the high end of the ongoing APR is about three percentage points lower than what other small business credit cards charge.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Chase Ink Business CashSM is one of the best small business credit cards. We also believe it’s the best cash back business credit card. It offers top introductory and ongoing rewards in addition to a long introductory 0% APR period for purchases.
How to Apply for Chase Ink Business CashSM
You can apply for Chase Ink Business CashSM online by filling out a basic application with your business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days.
Chase Ink Business UnlimitedSM: Best for Fixed-rate Cash Back
Chase Ink Business UnlimitedSM is best for businesses that want fixed-rate cash back rewards on all purchases and no annual fee. It offers unlimited 1.5% cash back on all spending, regardless of the category. You can also earn a $500 bonus after spending $3,000 within the first three months. The ongoing APR starts at 15.49%, but you’ll have no interest for the first 12 months on purchases.
Chase Ink Business UnlimitedSM Costs
This sole proprietorship credit card has an identical fee structure as Chase Ink Business CashSM. You’ll have no annual fee and no interest for 12 months on purchases.
Financing costs and fees on the Chase Ink Business UnlimitedSM credit card include:
- Annual fee: None
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 15.49% to 21.49% variable, which will adjust with the prime rate
- Balance transfer fee: 5% or $5, whichever is greater
If you’re looking for the best introductory APR on balance transfers, consider choosing another no-fee credit card. A good card option would be the U.S. Bank Business Cash Rewards World Elite™ MasterCard®. That card offers an interest-free financing period on both purchases and balance transfers for 15 billing cycles, which also makes it a solid credit card for new businesses.
Chase Ink Business UnlimitedSM Rewards
Chase Ink Business UnlimitedSM offers excellent rewards, especially its introductory bonus offer. To receive an introductory reward higher than its $500 cash bonus, you’ll have to pay an annual fee. This card also offers 1.5% cash back on all spending.
Introductory Rewards
You will earn $500 cash back when you spend $3,000 in the first three months. This is the same introductory reward that’s offered on Chase Ink Business CashSM. When compared to other cards that charge no annual fee, this is the highest introductory reward available.
Ongoing Rewards
You will earn unlimited 1.5% cash back on all purchases, regardless of spending category. These fixed-rate rewards are lower than what the American Express Blue Business® Plus card offers. However, that American Express card only offers maximum rewards on purchases up to $50,000 each year. After that, you’ll earn just one point per dollar spent.
How to Redeem Rewards
You can redeem rewards for cash back, gift cards, and travel through Chase’s online travel portal. The redemption value is one cent per point, which is similar to most cash back credit cards. If you redeem your points as cash back, you can receive them as a statement credit or deposit them into an eligible bank account from a U.S. based bank or credit union.
Chase Ink Business UnlimitedSM Additional Features
Chase Ink Business UnlimitedSM provides beneficial insurance and protections found on most cards on our list. This protections include car rental insurance, purchase protection, and extended warranty protection.
Chase Ink Business UnlimitedSM comes with the following additional features:
- Auto rental collision damage waiver: Provides primary coverage when you’re renting a car for business purposes, which means it replaces any coverage your personal insurance might offer. Chase may reimburse up to the actual cash value of the vehicle for theft and collision damage.
- Purchase protection: Covers purchased items within 120 days of purchase from damage or theft. Coverage is limited to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Offers an additional year of warranty on U.S. manufacturers’ warranties of three years or less
Most business credit cards on our list offer similar additional features and benefits. However, there are cards that offer stronger extended warranty protection. For example, American Express Blue Business® Plus covers warranties of five years or less. That card also provides up to an additional two years of coverage.
What Chase Ink Business UnlimitedSM Is Missing
Chase Ink Business UnlimitedSM offers a lower reward rate compared to other business credit cards on our list, especially those that offer bonus categories. For example, Chase Ink Business CashSM offers 5% cash back at office supply stores and on telecommunication services on up to $25,000 in purchases annually.
Chase Ink Business UnlimitedSM Reviews
We considered both user reviews and our own editorial reviews when rating this card. Reviews are very positive, but reviewers don’t see this card as being as good as Chase Ink Business CashSM. If you want to earn a higher fixed-rate cash-back return, you’ll have to choose a card that carries an annual fee.
User Reviews
Online user reviews suggest that cardholders like the introductory rewards and the interest-free financing period of purchases. However, some users say the ongoing cash back rewards don’t compete with other small business credit cards. There are some cards that offer fixed-rate rewards of up to 2%, but those cards charge annual fees.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. This Chase Ink business credit card is a solid card option for business owners who want to earn unlimited fixed-rate cash back. It can also be an excellent card to carry in addition to a bonus category card such as Chase Ink Business CashSM.
How to Apply for Chase Ink Business UnlimitedSM
You can apply for Chase Ink Business UnlimitedSM online by filling out a basic application with your basic business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days.
American Express Blue Business® Plus: Best for Fixed-rate Points
American Express Blue Business® Plus is best for companies that want to earn fixed-rate points and don’t want to track category bonuses. It pays 2x points per dollar on purchases up to $50,000 annually, then 1x points thereafter. Additionally, you’ll receive interest-free financing for 12 months on purchases and balance transfers. Ongoing APR starts at 15.24%.
American Express Blue Business® Plus Costs
American Express Blue Business® Plus charges no annual fee and no interest for 12 months on purchases and balance transfers. Be sure to pay off your balance before the ongoing variable APR kicks in.
Financing costs and fees on the American Express Blue Business® Plus card include:
- Annual fee: None
- Introductory APR: 0% for 12 months on purchases and balance transfers
- Ongoing APR: 15.24% to 21.24% variable, which adjusts with the prime rate
- Balance transfer fee: $5 or 3% of the transfer, whichever is greater
In addition to one the best 0% APR introductory offers, American Express Blue Business® Plus is one of the best balance transfer business cards. However, there are even better offers. For example, the U.S. Bank Business Cash Rewards World Elite™ MasterCard® charges no interest on purchases and balance transfers for 15 billing cycles.
American Express Blue Business® Plus Rewards
The American Express Blue Business® Plus credit card is one of the few cards on our list that does not offer an introductory reward. However, you can earn as much as 2x points on all purchases up to $50,000 each year.
Introductory Rewards
American Express Blue Business® Plus does not offer any introductory rewards. Most cards on our list offer both introductory and ongoing rewards. Choosing a card that offers both can allow you to earn hundreds of dollars or more after making your first purchases with the card. For example, Chase Ink Business CashSM offers $500 after you spend $3,000 within the first three months.
Ongoing Rewards
With the American Express Blue Business® Plus card, you can earn:
- 2x points on all purchases up to $50,000 each year
- 1x points on all additional purchases
In comparison, Chase Ink Business CashSM caps both its 2% and 5% reward categories at $25,000 in annual spending. The American Express Blue Business® Plus is a strong alternative if you spend more than $25,000 per year.
How to Redeem Rewards
There are seven ways to redeem your rewards:
- For your charges: Redeem for your eligible charges on your current statement.
- Travel: Redeem for travel on American Express Travel. Minimum redemption is 5,000 points.
- Gift cards: Purchase American Express gift cards.
- Amazon.com: To use points at Amazon, you must first load your card into your Amazon account and use your card at least once.
- Ticketmaster: You can redeem your points on Ticketmaster to purchase an event ticket.
- AXS: You can redeem your points on AXS to purchase an event ticket.
- Taxi fares: Redeem for fares (including tips) in some taxis in New York City.
You can also transfer your points to 21 select airline and hotel loyalty programs, including Delta Air Lines, JetBlue, Hilton Hotels, and Marriott Bonvoy. Several other American Express business credit cards also let you transfer points. This card offers the most redemption options when compared to the other cards on our list.
American Express Blue Business® Plus Additional Features
American Express Blue Business® Plus provides similar additional card features to other cards on our list. Those features include extended warranty protection and purchase protection.
American Express Blue Business® Plus comes with the following additional features:
- Extended warranty protection: American Express provides up to an additional two years of warranty if the original manufacturer’s warranty is five years or less. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: The issuer will repair, replace, or reimburse you for a purchased item that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.
The extended warranty protection on warranties of five years or less is better than what Chase Ink Business CashSM offers. That card only covers warranties of three years or less and provides up to an additional one year. However, Chase’s purchase protection coverage limit of $10,000 is much higher.
What American Express Blue Business® Plus Is Missing
American Express Blue Business® Plus doesn’t offer any introductory rewards. Additionally, it offers fixed-rate rewards on all spending, while other cards may offer enhanced bonus category rewards. For example, Chase Ink Business CashSM pays up to 5% cash back on specific spending categories.
American Express Blue Business® Plus Reviews
We considered both user reviews and our own editorial review when rating this card. American Express Blue Business® Plus reviews are mostly positive. Business owners believe both its ongoing rewards and interest-free financing help them grow their companies. Some users complain about its 2.7% foreign transaction fee, which makes it a poor choice to use while traveling overseas.
User Reviews
Online user reviews are mostly mixed. Cardholders say they enjoy the ongoing rewards and American Express’s customer service. However, users complain about the lack of an introductory reward.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. American Express Blue Business® Plus is one of the best small business credit cards for business owners who want to save money on interest. Reviewers agree the lack of introductory rewards is a disadvantage.
How to Apply for American Express Blue Business® Plus
You can apply for American Express Blue Business® Plus online in a matter of minutes. You’ll be required to fill out a basic application containing your business and personal information. Once approved, you’ll receive your card within seven to 10 days.
Bank of America® Business Advantage Travel Rewards World Mastercard®: Best for Travel Rewards
Bank of America® Business Advantage Travel Rewards World Mastercard® is best for businesses that want to earn travel rewards and pay no annual fee. You will earn 3x points per dollar spent on travel purchases and pay no foreign transaction fees. Additionally, you’ll pay no interest on purchases for the first nine billing cycles. Ongoing variable APR is as low as 13.49%.
Bank of America® Business Advantage Travel Rewards World Mastercard® Costs
This no foreign transaction fee card charges no annual fee and no interest for nine billing cycles on purchases. Once the introductory period ends, its ongoing variable APR is between 13.49% and 23.49%.
Financing costs and fees on Bank of America® Business Advantage Travel Rewards World Mastercard® include:
- Annual fee: None
- Introductory APR: 0% on purchases for nine billing cycles
- Ongoing APR: 13.49% to 23.49%, which will adjust with the prime rate
- Balance transfer fee: $10 or 4% of the amount of each transaction, whichever is greater
Other cards on our list of the best business credit cards with no annual fee offer longer introductory 0% APR periods on purchases. For example, Chase Ink Business CashSM has interest-free financing on purchases for 12 months. However, that card’s lowest ongoing APR is two percentage points higher than the best offer from Bank of America® Business Advantage Travel Rewards World Mastercard®.
Bank of America® Business Advantage Travel Rewards World Mastercard® Rewards
This Bank of America business credit card offers three points for every dollar spent on travel purchases booked through Bank of America Travel Center. Plus, you can earn an introductory reward worth $250 after spending $1,000 within 60 days.
Introductory Rewards
You’ll earn 25,000 bonus points when you make at least $1,000 in net purchases in the first 60 days of your account opening. You can redeem these points for a $250 statement credit toward travel purchases. When compared to other cards on our list, this introductory reward is low. Chase Ink Business CashSM and Chase Ink Business UnlimitedSM both offer $500 after you spend $3,000 within three months.
Ongoing Rewards
You’ll earn points as you use the card for the following purchases:
- 3 points per dollar spent on travel purchases (car, hotel, and airline) booked through Bank of America Travel Center
- 1.5 points for every dollar spent on all purchases
If you also enroll in the Business Advantage Relationship Rewards program, you can earn an additional 75% rewards bonus on all purchases. This means you can potentially earn up to unlimited 2.62 points on all non-travel purchases. When compared to other cards and their everyday spending rewards, this rate is the highest. Overall, these are excellent rewards for business owners looking for a business travel credit card that has no annual fee.
To earn the highest bonus rate of 2.62 points, you must have at least $100,000 in deposits or investments with the bank. This is one reason it pays to have an existing relationship with Bank of America.
How to Redeem Rewards
You can redeem your rewards for travel, travel credits, and cash. When redeemed for cash, you’ll receive them as a deposit into your Bank of America checking or savings account, as a card statement credit, or via check. You must redeem points for travel credit (something you already paid for with your card) within 12 months of purchase.
Bank of America® Business Advantage Travel Rewards World Mastercard® Additional Features
Compared to other cards on our list, Bank of America® Business Advantage Travel Rewards World Mastercard® lacks robust additional card features. Additionally, Bank of America doesn’t publish benefit details before receiving your card. However, we do know you’ll receive auto rental insurance, travel accident insurance, lost luggage reimbursement, and overdraft protection, but you’ll learn about the details after application.
What the Bank of America® Business Advantage Travel Rewards World Mastercard® Is Missing
Bank of America® Business Advantage Travel Rewards World Mastercard® doesn’t offer great rewards for business owners who spend a lot on office supplies. This card is primarily designed for business owners who travel frequently. There are also other cards on our list that offer better rewards for everyday spending, unless you qualify for the 75% rewards bonus in Bank of America’s Business Advantage Relationship Rewards program.
Bank of America® Business Advantage Travel Rewards World Mastercard® Reviews
We considered both user reviews and our own editorial review when rating this card. Bank of America® Business Advantage Travel Rewards World Mastercard® reviews are mostly positive. This card lacks some travel perks that other travel business credit cards offer. However, those cards typically carry annual fees.
User Reviews
Online user reviews are mostly positive. Most users find this card has good value because of the travel rewards and lack of an annual fee. However, some users are upset this card doesn’t offer airport lounge access. The best business credit cards with lounge access all charge annual fees.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. We believe this is a good pick for business owners who travel often and want to open up their first travel rewards card. However, it doesn’t offer the same robust benefits like other travel credit cards because it’s free to own.
How to Apply for the Bank of America® Business Advantage Travel Rewards World Mastercard®
You can apply for the Bank of America® Business Advantage Travel Rewards World Mastercard® online. You’ll be required to fill out a basic application, and you can receive instant approval. Once approved, you’ll receive your card within seven to 10 days.
U.S. Bank Business Cash Rewards World Elite™ MasterCard: Best for 0% APR on Purchases and Balance Transfers
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® is best for businesses that want the longest introductory financing period. It charges no interest for 15 billing cycles on purchases and balance transfers. You’ll earn 3% cash back across three spending categories. Plus, you can earn a $500 bonus after spending $4,500 within the first 150 days and an annual bonus up to $250. Ongoing APR starts at 14.24%.
U.S. Bank Business Cash Rewards World Elite™ MasterCard® Costs
This U.S. Bank business credit card charges no annual fee and offers the best introductory financing period on our list. You’ll receive no-interest financing for 15 billing cycles on purchases and balance transfers.
Financing costs on the U.S. Bank Business Cash Rewards World Elite™ MasterCard® include:
- Annual fee: None
- Introductory APR: 0% on purchases for the first 15 billing cycles, which makes it one of the best 0% APR business credit cards
- Ongoing APR: 14.24% to 25.24%, which will adjust with the prime rate
- Balance transfer fee: $5 or 3%, whichever is greater
Most cash back business credit cards don’t charge annual fees, such as this card and Chase Ink Business CashSM. However, the high end of the ongoing APR on Chase Ink Business CashSM is about four percentage points lower when compared to the U.S. Bank Business Cash Rewards World Elite™ MasterCard®.
U.S. Bank Business Cash Rewards World Elite™ MasterCard® Rewards
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® offers a $500 introductory bonus after you spend $4,500 within the first 150 days. This card also pays up to 3% cash back on select spending categories.
Introductory Rewards
You will earn $500 cash back after spending $4,500 within the first 150 days. Chase Ink Business CashSM and Chase Ink Business UnlimitedSM both offer $500 after you spend $3,000 within the first three months.
Ongoing Rewards
You’ll earn the following ongoing rewards when using your card:
- 3% cash back on cellphone purchases and service
- 3% cash back on gas purchases up to $200 per single purchase
- 3% cash back at office supply stores
- 1% cash back on all other eligible purchases
U.S. Bank also offers a unique annual bonus that’s equal to 25% of your prior year’s cash rewards, up to $250. We have reviewed dozens of small business credit cards and have not come across a similar feature.
The cellphone category bonus is also unique when compared to other small business credit cards on our list. However, the everyday spending reward of 1% cash back is common. If you’re looking to earn non-category bonus rewards, a good card option would be Chase Ink Business UnlimitedSM. That card offers unlimited 1.5% cash back on all purchases.
How to Redeem Rewards
There are three ways to redeem your rewards:
- Cash back: U.S. Bank will deposit your rewards into your U.S. Bank business checking, savings, or money market account
- Statement credit: This will reduce your monthly balance but won’t replace your required minimum payment
- Debit card: U.S. Bank will issue a U.S. Bank Rewards Mastercard Card
You can redeem your rewards through your online account. Most cash back small business credit cards offer similar redemption options for cash back. However, few of those cards let you receive rewards on a debit card.
U.S. Bank Business Cash Rewards World Elite™ MasterCard® Additional Features
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® offers similar additional features to other small business credit cards, which include extended warranty protection and purchase protection.
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® includes:
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year on warranties of five years or less. Coverage is limited to $10,000 per claim.
- Purchase protection: The issuer may repair or reimburse purchased items that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per claim and $25,000 per year.
This card’s extended warranty protection offers better coverage levels when compared to American Express Blue Business® Plus. That card covers warranties of five years or less, but the coverage is limited to $1,000 per claim.
What the U.S. Bank Business Cash Rewards World Elite™ MasterCard® Is Missing
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® offers both lower introductory and ongoing rewards when compared to other cards on our list. Chase Ink Business CashSM, for example, offers introductory rewards worth $500 and ongoing rewards up to 5% on specific spending categories.
U.S. Bank Business Cash Rewards World Elite™ MasterCard® Reviews
We considered both user reviews and our own editorial review when rating this card. U.S. Bank Business Cash Rewards World Elite™ MasterCard® reviews are generally positive. Most users enjoy its ongoing rewards, but some complain about the card’s additional features.
User Reviews
We reviewed online user reviews and found most to be positive. Cardholders especially like the card’s ongoing rewards and how easy it is to redeem their rewards. However, some say that other business credit cards offer more top-tier additional benefits.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. The U.S. Bank Business Cash Rewards World Elite™ MasterCard® recently improved its introductory APR period from nine billing cycles on purchases and balance transfers to 15 billing cycles. Reviewers agree this card could offer more robust ongoing rewards.
How to Apply for the U.S. Bank Business Cash Rewards World Elite™ MasterCard®
You can apply online for the U.S. Bank Business Cash Rewards World Elite™ MasterCard®. You’ll be required to provide both your basic business and personal information. Once you’re approved, you’ll receive your card in the mail within seven to 10 days.
Bank of America® Business Advantage Cash Rewards Mastercard®: Best for Gas Rewards
The Bank of America® Business Advantage Cash Rewards Mastercard® is best for firms that want to earn rewards on gas purchases and pay no annual fee. It offers 3% cash back on gas station spending and the opportunity to earn more by enrolling in the Business Advantage Relationship Rewards program. You’ll also have interest-free financing on purchases for the first nine billing cycles. Ongoing APR is between 14.49% and 24.49%.
Bank of America® Business Advantage Cash Rewards Mastercard® Costs
The Bank of America® Business Advantage Cash Rewards Mastercard® charges no annual fee and no interest for nine billing cycles on purchases. Once the introductory period ends, its ongoing variable APR is between 14.49% and 24.49%.
Financing costs and fees on Bank of America® Business Advantage Cash Rewards Mastercard® include:
- Annual fee: None
- Introductory APR: 0% for nine billing cycles on purchases
- Ongoing APR: 14.49% to 24.49% variable, which adjusts with the prime rate
- Balance transfer fee: $10 or 4%, whichever is greater
If you’re looking for a card that is best for balance transfers, you’ll want to look elsewhere. A good alternative would be the U.S. Bank Business Cash Rewards World Elite™ MasterCard®. That card offers a long introductory 0% APR period on both purchases and balance transfers.
Bank of America® Business Advantage Cash Rewards Mastercard® Rewards
We rank this card among the best cash back business cards as it pays 3% on the category of your choice including gas stations. Plus, you’ll earn a $300 bonus if you spend $3,000 or more within the first 90 days of your account opening.
Introductory Rewards
You will earn a $300 statement credit after you spend at least $3,000 within the first 90 days. This introductory offer is lower when compared to Chase Ink Business CashSM and Chase Ink Business UnlimitedSM. Both of those Chase Ink business credit cards offer a $500 introductory reward after spending $3,000 within three months.
Ongoing Rewards
You’ll earn the following rewards when using your card:
- 3% cash back on the category of your choice such as gas stations (default), office supply stores, travel, TV and telecommunications services, wireless, computer services or business consulting services (for the first $50,000 in combined choice category or dining purchases each calendar year, 1% thereafter)
- 2% cash back at restaurants
- 1% cash back on all other purchases
Similar to Bank of America® Business Advantage Travel Rewards World Mastercard®, with this card you can earn reward bonuses by enrolling in the Business Advantage Relationship Rewards program. By doing so, you can receive up to an additional 75% rewards bonus on every purchase (up to 5.25% on gas purchases). If you want to earn rewards on office supplies or telecommunication services, choose Chase Ink Business CashSM. That card pays 5% cash back in those categories.
To earn the 75% bonus on this Bank of America business card, you must have at least $100,000 deposits or investments with the bank. This is one reason it pays to have an existing relationship with Bank of America.
How to Redeem Rewards
You can redeem your rewards as a deposit into your Bank of America checking or savings account, as a card statement credit, or via check. You can redeem rewards at any time, and there is no annual cap on rewards redemption.
Bank of America® Business Advantage Cash Rewards Mastercard® Additional Features
The Bank of America® Business Advantage Cash Rewards Mastercard® lacks robust additional card features seen on some business credit cards. Plus, Bank of America doesn’t publish benefit details before receiving your card. However, we do know you’ll receive auto rental insurance, travel accident insurance, lost luggage reimbursement, and overdraft protection, but you’ll learn about the details after application.
What the Bank of America® Business Advantage Cash Rewards Mastercard® Is Missing
There are other cards on our list that offer a better rewards structure compared to Bank of America® Business Advantage Cash Rewards Mastercard®. The advantage comes by having an existing Bank of America bank account and enrolling in the Business Advantage Relationship Rewards program. If you want a card that offers better rewards overall, consider Chase Ink Business CashSM.
Bank of America® Business Advantage Cash Rewards Mastercard® Reviews
We considered both user reviews and our own editorial review when rating this card. Bank of America® Business Advantage Cash Rewards Mastercard® reviews are mixed. This card is free to own, but it lacks top-tier rewards and benefits compared to other business credit cards.
User Reviews
We found most online user reviews to be mixed. Cardholders especially enjoy the lack of an annual fee and the ability to choose the 3% cash back rewards category. However, some users complain about the low introductory reward.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews suggest that this Bank of America business credit card is decent. Its introductory and ongoing rewards are only average at best.
How to Apply for the Bank of America® Business Advantage Cash Rewards Mastercard®
You can apply for Bank of America® Business Advantage Cash Rewards Mastercard® online. Once you fill out the application with your basic business and personal information, you can be approved instantly. Once approved, you’ll receive a card in the mail within seven to 10 days.
Bank of America® Platinum Visa® Business: Best for Low Ongoing APR
The Bank of America® Platinum Visa® Business card is best for companies that want the lowest ongoing APR and no annual fee. This card’s ongoing variable APR ranges from 11.49% to 22.49%. Plus, you’ll have an introductory 0% APR period on purchases for seven billing cycles. This card also offers a $300 statement credit after spending $3,000 within the first 90 days.
Bank of America® Platinum Visa® Business Costs
The Bank of America® Platinum Visa® Business card charges no annual fee and no interest for seven billing cycles on purchase. However, its highlight is its ongoing variable APR, which starts at 11.49%.
Financing costs and fees on the Bank of America® Platinum Visa® Business card include:
- Annual fee: None
- Introductory APR: 0% APR on purchases for seven billing cycles
- Ongoing APR: 11.49% to 22.49% variable, which adjusts with the prime rate
- Balance transfer fee: $10 or 4%, whichever is greater
This business credit card with no annual fee does not offer an introductory APR for balance transfers like the U.S. Bank Business Cash Rewards World Elite™ MasterCard® does. It also has a high balance transfer fee. This card is designed for those who want cheap ongoing financing for their business-related purchases.
Bank of America® Platinum Visa® Business Rewards
The Bank of America® Platinum Visa® Business card offers a $300 introductory reward after spending $3,000 within 90 days. However, this card does not offer any ongoing rewards. Again, this card is primarily for those looking for cheap ongoing financing.
Introductory Rewards
You will receive a $300 statement credit after you spend $3,000 in purchases within the first 90 days your account is open. When compared to Chase Ink Business CashSM, that card offers a $500 bonus after spending $3,000 within three months.
Ongoing Rewards
The Bank of America® Platinum Visa® Business card does not offer any opportunity to earn cash back or points rewards. This is the only card on our list that doesn’t offer an ongoing rewards program. If you want a low ongoing APR and the opportunity to earn ongoing rewards, we recommend the U.S. Bank Business Cash Rewards World Elite™ MasterCard®.
Bank of America® Platinum Visa® Business Additional Features
The Bank of America® Platinum Visa® Business card lacks robust additional card features seen on some business credit cards. Plus, Bank of America doesn’t publish benefit details before receiving your card. However, we do know you’ll receive auto rental insurance, travel accident insurance, lost luggage reimbursement, and overdraft protection, but you’ll learn more about the coverage levels after application.
What Bank of America® Platinum Visa® Business Is Missing
The Bank of America® Platinum Visa® Business card is the only card on our list that does not offer ongoing rewards. This card is solely meant for business owners who want to access cheap ongoing financing. If you want a card that offers rewards and a low ongoing APR, consider the U.S. Bank Business Cash Rewards World Elite™ MasterCard®.
Bank of America® Platinum Visa® Business Reviews
We considered both user reviews and our own editorial review when rating this card. Bank of America® Platinum Visa® Business card reviews are generally mixed. While the low ongoing APR is the primary focus on this card, its rewards and benefits are below average.
User Reviews
Online user reviews are mixed. Cardholders especially love the lack of an annual fee and low ongoing APR, which makes it a cheap card to own. However, users wish that the card offered ongoing rewards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this Bank of America business credit card agree that this card is a strong, low APR business credit card. However, reviews show there isn’t much else to be excited about.
How to Apply for Bank of America® Platinum Visa® Business
You can apply for the Bank of America® Platinum Visa® Business card online. You’ll be required to provide your basic personal and business information, and you’ll typically receive a decision immediately. Once approved, you’ll receive a card in the mail within seven to 10 days.
Capital One® Spark® Cash Select for Business: Best for Annual Spending Less Than $19,000
Capital One® Spark® Cash Select for Business is best for companies that have few business expenses and want no annual fee. This card pays unlimited 1.5% cash back on all purchases and is designed for companies that spend less than $19,000 annually on its business credit cards. That’s the threshold at which you’ll benefit more from the Capital One® Spark® Cash for Business, but that card charges a $95 annual fee. Ongoing variable APR starts at 15.24%.
Capital One® Spark® Cash Select for Business Costs
Capital One® Spark® Cash Select for Business charges offers an introductory 0% APR period on purchases for nine months. Once the introductory period ends, its ongoing variable APR is between 15.24% and 23.24%.
Financing costs and fees on Capital One® Spark® Cash Select for Business include:
- Annual fee: None
- Introductory APR: 0% for nine months on purchases
- Ongoing APR: 15.24% to 23.24% variable, which will adjust based on the prime rate
- Balance transfer fee: None
Capital One® Spark® Cash Select for Business offers an introductory interest-free financing period that is shorter than other cards on our list, such as Chase Ink Business CashSM. That card offers an introductory 0% APR period on purchases for 12 months. However, this Capital One business credit card is the only card on our list that doesn’t charge a balance transfer fee. Chase Ink Business CashSM charges $5 or 5%, whichever is greater.
Capital One® Spark® Cash Select for Business Rewards
Capital One® Spark® Cash Select for Business offers one of the smallest introductory rewards on our list. You can earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first three months from account opening. Plus, it pays unlimited 1.5% cash back on all spending.
Introductory Rewards
You’ll earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first three months from account opening, which is the smallest introductory bonus on our list. Chase Ink Business UnlimitedSM offers identical unlimited ongoing rewards, but you can earn a $500 bonus after spending $3,000 within three months.
Ongoing Rewards
You’ll earn unlimited 1.5% cash back on all spending. This is the same return rate when compared to Chase Ink Business UnlimitedSM. However, with that card, you can tap into a more substantial introductory reward and a longer introductory 0% APR period on purchases. Capital One also offers Capital One® Spark® Miles Select for Business, which is essentially an identical card besides the rewards. Instead of earning cash back, you’ll earn miles.
How to Redeem Rewards
You can redeem your cash back as a statement credit or check, for a recent transaction, for gift cards, or you can set up automatic redemption. If you choose to redeem them automatically, you can set a time each calendar year or when you reach a threshold ($25, $50, $100, $200, $500 or $1,500).
Capital One® Spark® Cash Select for Business Additional Features
According to Capital One’s website, Capital One® Spark® Cash Select for Business offers a handful of additional card benefits, which include extended warranty protection and purchase protection.
Capital One® Spark® Cash Select for Business comes with the following additional features:
- Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by up to one year on eligible warranties of three years or less
- Purchase protection: Covers your new purchases for 90 days against damage or theft up to $10,000 per claim and $50,000 per account per year
According to Capital One’s website, Capital One® Spark® Cash Select for Business provides access to Visa® Business Benefits. These features are similar when compared to other business credit cards on our list. However, American Express Blue Business® Plus covers warranties of five years or less.
What Capital One® Spark® Cash Select for Business Is Missing
This card doesn’t provide interest-free financing on balance transfers. If you want to transfer your balance on another card that’s accruing interest, consider the U.S. Bank Business Cash Rewards World Elite™ MasterCard®. That card offers a long introductory 0% APR period on purchases and balance transfers.
Capital One® Spark® Cash Select for Business Reviews
We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Cash Select for Business reviews suggest this is a solid credit card if you have few expenses. However, it offers a small introductory reward compared to other cards on our list.
User Reviews
Online Capital One® Spark® Cash Select for Business user reviews are mostly mixed. Cardholders love the simple rewards program and interest-free financing period on purchases for nine months. However, users complain about the lack of a higher introductory reward similar to what the best small business credit cards offer.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this card agree that it’s best for businesses that have annual credit card expenses of less than $19,000. If you spend more than $19,000 every year, consider Capital One® Spark® Cash for Business. That card pays 2% cash back but has an annual fee of $95, which is waived over the first year.
How to Apply for Capital One® Spark® Cash Select for Business
You can apply for the Capital One® Spark® Cash Select for Business card online. You’ll be required to provide your basic personal and business information. Once approved, you’ll receive your card within seven to 10 business days.
Capital One® Spark® Classic for Business: Best for Fair Credit
Capital One® Spark® Classic for Business is best for business owners with fair credit (580 to 669) who want to earn rewards and pay no annual fee. This card pays 1% cash back on all purchases and has a variable ongoing APR of 25.24%. Although that ongoing APR may seem high, it’s about average for a business credit card for fair credit.
Capital One® Spark® Classic for Business Costs
Capital One® Spark® Classic for Business has no annual fee, but it does not offer an introductory 0% APR period. However, this is common across business credit cards for fair credit.
Financing costs and fees on Capital One® Spark® Classic for Business include:
- Annual fee: None
- Introductory APR: None
- Ongoing APR: 25.24% variable, which adjusts with the prime rate
- Balance transfer fee: None
Capital One® Spark® Classic for Business charges the highest ongoing APR on our list, but it’s average for a fair credit business credit card. This is the only card on our list that is for fair credit, and we rank it as one of the best business credit cards for fair credit.
Capital One® Spark® Classic for Business Rewards
Capital One® Spark® Classic for Business does not offer any introductory rewards. However, you can earn 1% cash back on all purchases. These rewards are common across business credit cards for fair credit.
Introductory Rewards
Capital One® Spark® Classic for Business offers no introductory rewards. Most often, fair credit business credit cards don’t offer any welcome offers or sign-up bonuses.
Ongoing Rewards
You’ll earn unlimited 1% cash back on all purchases. This is an excellent card if you have fair credit, but you still want to earn some cash back rewards. If you want to earn rewards and your personal credit score is below 580, consider applying for a secured business credit card. Those cards have credit limits equal to your cash deposit.
How to Redeem Rewards
You can redeem your cash back as a statement credit or check, for a recent transaction, for gift cards, or you can set up automatic redemption. If you choose to redeem them automatically, you can set a time each calendar year or when you reach a threshold ($25, $50, $100, $200, $500 or $1,500).
Capital One® Spark® Classic for Business Additional Features
According to Capital One’s website, Capital One® Spark® Classic for Business comes with common additional card features such as extended warranty protection and purchase protection.
Capital One® Spark® Classic for Business offers the following additional features:
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to one year past the manufacturer’s warranty
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase
According to Capital One’s website, you’ll receive Visa® Business Benefits through Capital One® Spark® Classic for Business. These additional features are similar when compared to the Capital One® Spark® Cash Select for Business card.
What Capital One® Spark® Classic for Business Is Missing
Capital One® Spark® Classic for Business doesn’t offer any introductory rewards and is lacking a strong ongoing rewards structure. However, business owners who apply for this card usually are looking to build credit and not necessarily searching for the best rewards.
Capital One® Spark® Classic for Business Reviews
We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Classic for Business reviews agree this card is best when you want to build your business and personal credit. The small ongoing rewards are just an added benefit.
User Reviews
Online Capital One® Spark® Classic for Business user reviews are generally positive. Users like that they can earn rewards even if they have fair credit. Some users complain about missing perks and low credit limits. According to Capital One’s website, credit limits start at $500.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews for this card agree that it’s one of the best fair credit business credit cards. This card is seen as beneficial because of the lack of an annual fee and easier qualification requirements. If you want similar perks offered on this card such as controlling employee spending without a credit check, consider a prepaid business card.
How to Apply for Capital One® Spark® Classic for Business
You can apply for Capital One® Spark® Classic for Business online. The application takes minutes and you can get approved instantly. Once approved, the card typically takes seven to 10 business days to arrive.
Pros & Cons of Business Credit Cards With No Annual Fee
Business credit cards with no annual fee provide an inexpensive financing option, let you keep all of the rewards you earn, and help startups or new businesses. However, credit cards that charge no annual fees usually don’t come with robust perks, offer less insurance, and only have small introductory rewards up to $500.
Pros of Business Credit Cards with No Annual Fee
The pros of business credit cards with no annual fee are:
- It’s an inexpensive financing option: Credit cards with no annual fees are a cheap way to get a credit card for your business. There are some business credit cards that charge annual fees between $95 to $595.
- You don’t lose any rewards you earn: No annual fees mean you don’t need to use any rewards to offset the cost of owning the card. This means you get to keep all the rewards you earn.
- They help startups or new businesses: No-fee credit cards are great for businesses that are just getting off the ground. These cards are an excellent way to access financing without having to break the bank.
Cons of Business Credit Cards with No Annual Fee
The cons of business credit cards with no annual fee are:
- Absence of top-tier travel perks: Most no-fee credit cards typically don’t come with top-tier travel perks such as airport access or free checked baggage. If you want premium travel perks, consider a travel business credit card, which usually charges annual fees.
- Lack of insurance and other protections: Cards without annual fees sometimes lack insurance and other protections. If you want to receive these benefits, you’ll need to choose a business credit card that carries an annual fee. Our credit card marketplace allows you to compare top business credit cards in one spot.
- Smaller introductory rewards: Cards that charge no annual fees don’t offer the best introductory rewards. If you want to earn substantial introductory rewards, you’re better off paying for one of the best small business credit cards.
Bottom Line
Business credit cards with no annual fee are an excellent way to receive cheap business financing. You can receive introductory bonuses up to $500, earn ongoing rewards up to 5% back, and have access to interest-free financing periods.
We believe Chase Ink Business CashSM is the best overall business credit card with no annual fee. You will earn a $500 bonus after spending $3,000 within the first three months and up to 5% cash back. Plus, you’ll have an introductory 0% APR on purchases for 12 months. Apply online in a matter of minutes.
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