Editorial and Partnership Disclosure Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers. This is a recurring post with regularly updated card details. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities.
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 on eligible purchases, has $0 annual and foreign transaction fees, and comes with a 0% Annual Percentage Rate (APR) on both purchase and balance transfer transactions for the first 12 months.
Note that online application is unavailable. Fifth Third Bank has around 1,100 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
- 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.
- 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.
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 rate the annual fee, introductory and ongoing APRs, other fees, and other features that may be valuable to small business owners.
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.
See our recommended alternatives below if this card isn’t the best fit for your business.
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.
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 Rewards
Rewards 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. There is no limit to the number of rewards you can earn, and they will not expire as long as your account is active and in good standing.
Fifth Third Simply BusinessTM Card Features
- Zero liability: You will not be held responsible for fraudulent activities and unauthorized purchases made with your card. Business owners must promptly report any loss or theft 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.
- Mastercard business assistant: You can access 24/7 assistance for everyday business needs.
- Automatic Car Rental Insurance: You will receive automatic coverage on eligible rental vehicles when you use your card to pay for the entire rental amount.
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: 16.49% to 27.49% 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: 29.49% 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: Either $5 or 4% of the amount of each balance transfer/check, whichever is greater
- 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: $39
- 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
Ramp Credit Card
Ramp Credit Card
BEST FOR:
Those who are using Ramp as their main financial management tool
- Up to 1.5% cash back on purchases, regardless of spending categories
Pros
- Offers rewards for cardholders
- Does not charge additional fees
- Offers direct integrations to notable accounting tasks
Cons
- Requires paying balances in full each month
- Is unavailable to sole proprietors and unincorporated businesses
- Travel and emergency assistance services: Call the Benefit Administrator at (800) 397-9010 if you are in the United States or (303) 967-1093 if you are outside of the US if you need emergency assistance.
- Purchase security: Receive a maximum of $10,000 per claim and $50,000 per cardholder in cases of theft or damage to purchases made with your card.
- Auto rental collision damage waiver: When using this card for renting a car, you can be reimbursed for damages caused by theft or collision up to the Actual Cash Value of most rented cars. Note that rental periods of 31 consecutive days are covered.
- Extended warranty protection: Extend warranties for eligible purchases made with your covered account and/or rewards programs associated with your account.
- Up to 1.5% cash back on purchases, regardless of spending categories
Pros
- Offers rewards for cardholders
- Does not charge additional fees
- Offers direct integrations to notable accounting tasks
Cons
- Requires paying balances in full each month
- Is unavailable to sole proprietors and unincorporated businesses
- Travel and emergency assistance services: Call the Benefit Administrator at (800) 397-9010 if you are in the United States or (303) 967-1093 if you are outside of the US if you need emergency assistance.
- Purchase security: Receive a maximum of $10,000 per claim and $50,000 per cardholder in cases of theft or damage to purchases made with your card.
- Auto rental collision damage waiver: When using this card for renting a car, you can be reimbursed for damages caused by theft or collision up to the Actual Cash Value of most rented cars. Note that rental periods of 31 consecutive days are covered.
- Extended warranty protection: Extend warranties for eligible purchases made with your covered account and/or rewards programs associated with your account.
Ramp credit card is a corporate charge card that’s ideal for registered businesses that need high credit limits. It offers 10x to 20x higher credit limits compared with regular business credit cards, lets you earn a fixed-rate cash back of 1.5% on all purchases, and charges $0 annual fees.
Capital One Spark Miles for Business
card_name
BEST FOR:
Unlimited 2x miles with every swipe
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases
- Charges an annual fee after the first year
- Balance transfers are not available
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases
- Charges an annual fee after the first year
- Balance transfers are not available
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
The Capital One Spark Miles for Business, ideal for business owners who need to travel frequently, charges $0 intro for the first year, then $95 after that. It lets you earn up to 5 miles on purchases, which you can use for travel, statement credits, gift checks, and more. On top of that, you can earn a one-time bonus of 50,000 miles—equal to $500 in travel once you spend $4,500 on purchases within 3 months from account opening.
The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
- 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, 17.49% – 25.49%, 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.)
- 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, 17.49% – 25.49%, 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.)
The American Express Blue Business Cash™ Card features Expanded Buying Power, which lets you spend over your credit limit when needed. The amount you can spend will vary based on your credit usage, credit score, payment history, and financial situation. Besides that, you can earn up to 2% cash back, which you will receive as an automatic statement credit. It also comes with a $0 annual fee and 0% APR on purchases for the first 12 months.
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.
