Editor’s note: This is a recurring post with regularly updated card details.
Fifth Third Simply BusinessTM Card is ideal for those with active Fifth Third business checking or savings accounts who want to earn simple cash back rewards. It offers unlimited 1.67% cash back for every dollar spent on purchases, has no annual fee, and comes with a 0% introductory annual percentage rate (APR) on both purchase and balance transfer transactions for the first 12 months.
Plus, you can use it abroad for no additional cost because it charges no foreign transaction fees. However, online application is unavailable. Fifth Third Bank has around 1,090 full-time service locations and branches in the following states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Fifth Third Simply BusinessTM Card
BEST FOR:
Those with existing business savings or checking account with Fifth Third Bank
Intro APR
0% APR
Regular APR
16.49% to 27.49% variable
Annual Fee
None
Credit Needed
Undisclosed
- Unlimited 1.67% cash back on all purchases
Pros
- With interest-free financing option on purchases and balance transfers
- Unlimited cash back rewards
- Does not charge annual and foreign transaction fees
Cons
- Only available in 11 states
- No introductory rewards
- Limited ways to redeem points
- Need an active Fifth Third checking or savings account to qualify
- Mastercard ID Theft ProtectionTM (IDT): Alerts you to possible identity theft by monitoring the surface, dark and deep web, searching for compromised credentials, and potentially damaging use of your personal information.
- MasterRental insurance coverage: Cardholders that rent a vehicle for 31 consecutive days or less using the Fifth Third Simply BusinessTM Card, you are eligible for insurance rental coverage on physical damage and theft of the rented vehicle.
- Mastercard Business Assistant: Provides assistance to Mastercard cardholders 24/7/365 on assistance with everyday business needs
- Zero liability: Mastercard ensures that you are not responsible for fraudulent activity and won’t hold you responsible for unauthorized purchases made with your card. Business owners must report any loss or theft to their provider promptly to ensure that fraudulent activity is covered.
Intro APR
0% APR
Regular APR
16.49% to 27.49% variable
Annual Fee
None
Credit Needed
Undisclosed
- Unlimited 1.67% cash back on all purchases
Pros
- With interest-free financing option on purchases and balance transfers
- Unlimited cash back rewards
- Does not charge annual and foreign transaction fees
Cons
- Only available in 11 states
- No introductory rewards
- Limited ways to redeem points
- Need an active Fifth Third checking or savings account to qualify
- Mastercard ID Theft ProtectionTM (IDT): Alerts you to possible identity theft by monitoring the surface, dark and deep web, searching for compromised credentials, and potentially damaging use of your personal information.
- MasterRental insurance coverage: Cardholders that rent a vehicle for 31 consecutive days or less using the Fifth Third Simply BusinessTM Card, you are eligible for insurance rental coverage on physical damage and theft of the rented vehicle.
- Mastercard Business Assistant: Provides assistance to Mastercard cardholders 24/7/365 on assistance with everyday business needs
- Zero liability: Mastercard ensures that you are not responsible for fraudulent activity and won’t hold you responsible for unauthorized purchases made with your card. Business owners must report any loss or theft to their provider promptly to ensure that fraudulent activity is covered.
How We Evaluate Cash Back Business Credit Cards
When grading cash back business credit cards like the Fifth Third Simply BusinessTM Card, we give the most weight to ongoing and introductory rewards. We also consider the annual fee, introductory and ongoing APRs, other fees, and additional card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 25 |
Introductory Rewards | 0 | 25 |
Annual Fee | 10 | 10 |
Additional Features | 8 | 10 |
Introductory APR | 10 | 10 |
Ongoing APR | 10 | 10 |
Other Fees | 10 | 10 |
Total | 68 | 100 |
Who the Fifth Third Simply BusinessTM Card Is Best For
- Business owners with existing Fifth Third business checking or savings accounts: To qualify for the card, your checking or savings account with Fifth Third must be active for at least 90 days.
- Businesses located in Fifth Third’s service areas: The bank has branches in 11 states Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia , and since applying for this card requires an in-person visit, it’s best for businesses located near a Fifth Third branch.
- Business owners that want fixed-rate rewards: Fifth Third Simply BusinessTM offers unlimited 1.67% cash back on all purchases, with no rotating categories, earning caps, and points expiration.
See our recommended alternatives below if this card isn’t the best fit for your business. You may also check our guide to the best small business credit cards for other options.
Fifth Third Simply BusinessTM Card Rewards
- Unlimited 1.67% cash back for every dollar spent on purchases, equal to 1.67 Rewards Points. There are no rotating categories and earning caps, and points earned will never expire.
Fifth Third Simply BusinessTM Card Rewards Calculator
Find out how much you can earn from Fifth Third Simply BusinessTM Card by using our rewards calculator. Enter your expected monthly expenses, regardless of spending categories, and our calculator will compute your annual cash back.
How To Redeem Fifth Third Simply BusinessTM Card Rewards
Points earned using your Fifth Third Simply BusinessTM Card can be redeemed as a deposit to a business checking or savings account or as a statement credit to the Business Rewards credit account where applicable.
Fifth Third Simply BusinessTM Card Features
- Mastercard receipt management: You can take pictures of receipts and store them safely in the cloud, helping you understand your expenses better.
- Zero liability: You will not be held responsible for fraudulent activities and unauthorized purchases made with your card. Business owners must report any loss or theft to their provider promptly to ensure that fraudulent activity is covered.
- Mastercard ID Theft ProtectionTM (IDT): You will get notified of any possible identity theft. Mastercard monitors the surface, dark, and deep web, searching for compromised credentials, and potentially damaging use of your personal information.
- MasterRental insurance coverage: Cardholders who rent a vehicle for 31 consecutive days or less using the card are eligible for insurance rental coverage on physical damage and theft of the rental.
- Mastercard business assistant: You can access 24/7 assistance for everyday business needs.
- Mastercard Global ServiceTM: This 24-hour assistance is available to Mastercard cardholders who need to report lost and stolen cards, request card replacement, and make an emergency cash advance.
Fifth Third Simply BusinessTM Card Fees
APR
- Introductory: 0% on purchases and balance transfers for the first 12 billing cycles after account opening.
- Ongoing and balance transfers: 17.24% to 28.24% variable, which adjusts with the prime rate (minimum interest charged is $1.50)
- Cash advance: 29.99% variable, which adjusts with the prime rate.
- Penalty: 29.99% and will be applied to your account if you:
- Made a late payment
- Exceeded your credit limit
- Made a returned payment
- Made a convenience check that isn’t honored
Fees
- Annual: $0
- Balance transfer and convenience check: Either $5 or 4% of the amount of each balance transfer/check, whichever is greater
- Cash advance: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign transaction: $0
- Late payment: $40
- Overlimit and returned payment: $39
Your due date is at least 23 days after the close of each billing cycle.
- Online: Log into your Fifth Third online account and click “Make a Payment” in the account summary bar to process your credit card payments.
- Mobile app: You can use the Fifth Third Bank mobile app and follow the instructions to pay for your Fifth Third Simply BusinessTM Card.
- In-person: Search for the nearest Fifth Third Bank branch. There are more than 1,000 branches in 11 states.
- Mail: Send either a check or money order (not cash) to
5050 Kingsley Dr.
PO Box 740789
Cincinnati, OH 45274-0789
Fifth Third Simply BusinessTM Card Alternatives
American Express Blue Business CashTM
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
When To Consider the American Express Blue Business CashTM
- You need to spend beyond your credit limit: It features Expanded Buying Power, which lets you spend over your credit limit when you need to. The amount you can spend will vary based on your credit usage, credit score, payment history, and financial situation.
- You want automatic cash back as a statement credit: With this card, you don’t need to redeem your rewards manually—you will receive your cash back as an automatic statement credit.
Other Benefits
- $0 annual fee
- 0% APR on purchases for the first 12 billing cycles
- $250 bonus cash back when you spend at least $3,000 in the first three months after opening an account
- 2% cash back on the first $50,000 worth of purchases per calendar year, then 1% cash back when the cap is reached
American Express Blue Business CashTM is our top business cash back credit card because of its simple rewards structure and flexible credit limit.
Bank of America Business Advantage Customized Cash Rewards
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those who want to earn 3% cash back in a spending category of their choice
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee.
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- $0 annual fee
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee.
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- $0 annual fee
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
When To Consider the Bank of America Business Advantage Customized Cash Rewards
- Your business spends on varied expense categories: With this card, you can choose the category where you can earn a premium 3% cash back rate.
- You have a Bank of America business deposit account: You can earn up to 75% more rewards if you have an existing business checking account with Bank of America and qualify for the Preferred Rewards for Business program.
Other Benefits
- $0 annual fee
- $300 statement credit after you spend $3,000 in the first 90 days of your account opening
- 0% introductory APR on purchases for the first nine billing cycles
The Bank of America Business Advantage Customized Cash Rewards is one of our leading business credit cards for restaurant owners because of its unique rewards program.
Frequently Asked Questions (FAQs)
To apply for a credit card account, you can visit Fifth Third Bank’s website to schedule an appointment or visit a branch to apply in person. Online application is unavailable.
You need to have an existing Fifth Third checking or savings account that has been open for at least 90 days. Your Fifth Third checking or savings account must be in good standing to qualify for a credit card account.
Bottom Line
Fifth Third Simply BusinessTM Card is a great card to consider if you have an active Fifth Third business checking or savings account and want to maximize rewards earned after making large business purchases. You get unlimited 1.67% cash back on all purchases, with no rotating categories and earning cap, and points don’t expire. It offers an interest-free financing option for purchases and balance transfers for the first 12 billing cycles after opening an account. Note that online application is unavailable.
