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Updated June 19, 2019

Business Credit Cards with No Annual Fee

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If you're looking to get a credit card for your business, you've got a lot of options. In this article, we'll look at why a business credit card with no annual fee might (or might not) be for you.

Earn 2X points on the first $50,000 in purchases per year, 1 point per dollar thereafter.

Find a business credit card with valuable rewards, a bonus promotion, travel perks, or a helpful introductory APR. Read on to see which no annual fee business credit card is the right fit for your business.

Here are the no annual fee business cards you should not ignore for 2019:

Is a No Annual Fee Business Credit Card Right for You?

© CreditDonkey

The selection of rewards cards on the market can be pretty overwhelming, and small business owners have a slew of options to choose from. Here are a few reasons a business credit card with no annual fee might be for you:

  • You run a small business with low spending needs.
  • You want to earn extra rewards for your business expenses, but don't need the top-tier perks that come with a more expensive business rewards card.
  • You need to create additional cards for your employees, but you don't want to have to pay for a new account.

Think a no annual fee business credit card can benefit you? Here's our list of cards you don't want to miss.

5 steps to qualify for a business credit card:

  1. Have a small business with an intent to make a profit.
  2. Know your credit score so you know which cards you qualify for.
  3. Compare business credit card offers to find the best one for you.
  4. Fill out application with your business name and EIN (or your name and SSN).
  5. Wait for approval. Or call for reconsideration if rejected.

Do you need a business to get a business card? Yes, but what qualifies as a business might surprise you. If you do anything for profit, it can be considered a small business. Examples can be: driving Uber, tutoring math, working freelance, or selling items on Etsy.

You don't need to be registered as an LLC or corporation. In fact, you can substitute your Social Security number for a Business Tax ID when applying. But never lie on a credit card application - you may be asked to provide documentation before being approved.

Cash Back

Blue Business Cash
Apply for American Express Blue Business Cash Card
Consider the Blue Business Cash from American Express, a CreditDonkey partner.

Blue Business Cash offers 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. There is a 0% intro APR on purchases and balance transfers for 12 months. Then a variable rate, currently 14.74% - 20.74% (See Rates & Fees). There is no annual fee (See Rates & Fees). Terms apply. Apply Now.

Why use a business credit card:

  • Keep your business expenses separated
  • Earn rewards in business categories
  • More purchasing power for your business

Rewards

Ink Business Cash lets you earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. There is no annual fee.

Plus, there is a 0% introductory APR on purchases for 12 months. After the intro period, a variable APR applies, currently 14.74% - 20.74%.

Read More: If you're up for paying an annual fee in exchange for a larger sign-up bonus and more protections and benefits, the Chase Ink Business Preferred might be for you. With the Ink Business Preferred, you'll also be able to transfer your points to airline and hotel partners.

Cash Back for People with Excellent Credit

Ink Business Unlimited lets you earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. Earn unlimited 1.5% cash back on every purchase. There is no annual fee.

Plus, there is a 0% introductory APR on purchases for 12 months. After the intro period, a variable APR applies, currently 14.74% - 20.74%.

Cash Back for People with Good Credit

Maximizing rewards to book award flights can require a lot of research and strategizing, so it definitely isn't for everyone.

If your business doesn't have travel needs or you just want simple cash back, the Capital One Spark Cash Select for Business might be more your style.

Capital One Spark Cash Select offers a one-time bonus of $200 if you spend $3,000 on purchases within three months of account opening. This card earns 1.5% cash back on every purchase. There is a 0% intro APR on purchases for 9 months. After that, a variable APR, currently 14.74% - 22.74%. There is no annual fee.

Travel for People with Excellent Credit

Bank of America Business Travel Rewards offers 25,000 bonus points if you make at least $1,000 in net purchases within the first 60 days of opening your account. This card earns 1.5 points for every dollar spent on purchases. There are no foreign transaction fees and no annual fee.

Travel for People with Good Credit

Capital One Spark Miles Select offers a one-time bonus of 20,000 miles if you spend $3,000 on purchases within three months of account opening. This card earns 1.5 miles per dollar on every purchase. There is a 0% intro APR on purchases for 9 months. After that, a variable APR, currently 14.74% - 22.74%. There is no annual fee.

Introductory APR

For businesses who need the flexibility to pay over time with an introductory APR (See Rates & Fees), consider the Blue Business Plus from American Express, a CreditDonkey partner.

Blue Business Plus
Apply for The Blue Business Plus Credit Card from American Express
Blue Business Plus earns 2X Membership Reward® points on the first $50,000 spent on eligible purchases each calendar year, 1 point per dollar thereafter. There is a 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 14.74% - 20.74% (See Rates & Fees). There is no annual fee (See Rates & Fees). Terms apply.

Low Interest

Bank of America Platinum Plus Business offers $300 statement credit if you make at least $3,000 in net purchases within the first 90 days of opening your account. There is no annual fee.

Average Credit

Capital One Spark Classic offers 1% cash back on every purchase. This card is for business owners with average credit. There is no annual fee.

What to Look for in a Business Credit Card

© CreditDonkey

There are a lot of factors to take into account when choosing a new business credit card, but we've put together a list of some that you might want to prioritize. Each of the cards in this article carries at least a few of these key features:

  • A big bonus. With a little bit of planning, you can earn a bonus worth $200-$500 by meeting some cards' spending minimums. With so many options on the market, it rarely makes sense to apply for a card that doesn't offer some kind of bonus.

  • Bonus points in spending categories. Many cards offer bonus spending categories that earn anywhere from 2x to 5x points or miles. If racking up rewards is your priority, this is one of the first features to consider. Look for cards that carry bonus spending in popular business categories like gas station purchases, restaurants, internet and cable TV services, and advertising on social media sites or search engines.

  • Valuable redemption options. It's hard to beat the flexibility of cash back rewards, but some points and miles cards offer valuable perks and redemption options for travel. With each card offering different redemption options, you'd likely get different value out of each of these cards.

  • Introductory APR. Some business cards offer a 0% introductory APR on purchases for a certain period of time. This could be especially helpful if you need to make some larger purchases or investments. Or if your new or growing small businesses hasn't established a steady cash flow.

  • Helpful benefits for your business. Some cards come with tools to help you keep track of expenses. Also pay attention to purchase protections, extended warranties, and even travel insurance options that might help you save money if you ever need them.

Other Options

If that doesn't sound like you, you have a few other options.

Common Questions

  • What kinds of businesses qualify for business cards?
    Whether you run an LLC, a corporation, work out of your home as a freelancer, or sell goods on eBay, you can potentially qualify for a business credit card. The key is that you must earn a profit (or intend to).

  • Do I need to have an EIN to apply?
    In short: no. Incorporated businesses and LLCs will use their federal tax ID (or EIN) to apply for their new account. But if your business is neither of the above - i.e., you're running a sole proprietorship - you can simply use your Social Security number in place of an EIN.

    Read More: How to Get a Business Credit Card

  • Can I apply for a business credit card even if I'm not yet earning income?
    Yes. You can apply as long as you have a reasonable intention to make a profit.

  • What credit do I need for approval?
    If you do not have any business credit, then banks will look at your personal credit history when deciding whether to approve you for your first business credit card. Generally, business cards require excellent credit. We have listed some options for those with good or average credit.

  • Do I have to also have a business checking account in order to have a business credit card?
    If you're a independent freelancer or have other small jobs (in other words, if you're a sole proprietor), then no, you do not need to have a business checking account.

    If you have formed a LLC, partnership, or DBA (Doing Business As), then you do need a separate business banking account. These kinds of business require that you separate business and personal finances.

  • Will a business credit card affect my personal credit?
    Generally, business credit cards don't report to personal credit bureaus. So your personal credit won't be impacted if you have high business expenses. However, if you keep on making late payments or missing them, then your personal credit may take a ding. Note that Capital One does report their business card activities to personal credit bureaus.

Bottom Line

Signing up for a business credit card with no annual fee can be a great option for small businesses with low spending needs. Whether your priority is to save rewards for travel, earn straightforward cash back rewards, or earn transferrable points, you'll find some valuable options to choose from.

On the other hand, businesses with higher expenses might benefit from the big bonuses, travel perks, and protections that often come with midrange business reward cards.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

For rates and fees of the Blue Business Cash card, please click here.
For rates and fees of the Blue Business Plus card, please click here.

Disclaimer: The information for the Ink Business Cash Credit Card, Ink Business Unlimited Credit Card, Capital One® Spark® Classic for Business, Capital One® Spark® Cash Select for Business, Capital One® Spark® Miles Select for Business, Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, and Bank of America® Platinum Plus® Mastercard® Business card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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American Express Blue Business Cash Card
Apply for American Express Blue Business Cash Card
At American Express' Secure Site
  • 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§.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 14.74%, 17.74%, or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees
  • Go to issuer's official application, terms, and details
Cash Back Rewards$0 Fraud Liability
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on purchases for 12 months
0% on balance transfers for 12 months
14.74% - 20.74% Variable
No annual fee

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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.