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Having a no annual fee card is a great way to earn rewards for your small business expenses.
For example, certain small business cards come with 5% cash back categories. So you can earn bonus cash back on purchases you were already planning.
And if you’re new to the hobby, a no annual fee card is a great place to start. Because you never have to cancel the card. This can help you build a relationship with the bank and can increase your credit score by creating a longer credit history!
I’ll share the 5 best no annual fee business cards!
No Annual Fee Small Business Cards
Having a small business credit card is a great way to stay organized. Because you can separate your business and personal spending.
And remember, you do NOT need a huge corporation to get a business card. There are many ways to qualify, as long as you’re looking to earn a profit.
Besides earning cash back for your ongoing business expenses, all of the cards I’ll share with you come with a sign-up bonus. That’s extra cash you can earn and use toward your business!
Plus, keep in mind many small business cards do NOT appear on your personal credit report. So they won’t count toward Chase card limits. Chase small business cards DO count toward 5/24 because they can see them through their own system.
1. AMEX SimplyCash Plus
The AMEX SimplyCash Plus small business card offers $200 cash back (in the form of a statement credit) after spending $5,000 or more on purchases within the first 6 months of opening your account.
Plus, you can earn an additional $200 cash back after you spend $10,000 or more within the first 12 months.
That’s a total of $400 cash back, which is excellent for a card with no annual fee!
With the card, you earn:
- 5% cash back at office supply stores in the US and on your US wireless phone bill (up to $50,000 in purchases per calendar year)
- 3% cash back on eligible purchases (up to $50,000 in purchases per calendar year) in one of the categories of your choice, including US purchases for advertising in select media
- 1% cash back on all other purchases
- Terms & limitations apply
This card also comes with the ability to buy above your credit limit. This is a great perk for small business owners who have to make a large one-time purchase.
You can also take advantage of the benefits of AMEX ReceiptMatch where you can link business expense receipts directly to credit card purchases.
This card charges a 2.7% foreign transaction fee. So it’s not the best card to use while abroad.
2. Chase Ink Cash
When you sign-up for the Ink Cash, you can earn 30,000 Chase Ultimate Rewards points ($300 cash back) after spending $3,000 on purchases in the first 3 months from account opening.
And you earn:
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- 1% cash back on all other purchases
Check out my post explaining what counts toward the 5X bonus category with the Ink Cash.
On its own the Chase Ink Cash earns Chase Ultimate Rewards points, which you can redeem for cash back or toward travel at 1 cent per point. But your points are more flexible when you move them from the Ink Cash to one of the below Chase cards. Because you’ll have the ability to transfer points directly to hotel and airline partners.
- Chase Sapphire Preferred
- Chase Sapphire Reserve
- Ink Business Preferred
- Chase Ink Plus (no longer available)
- Chase Ink Bold (no longer available)
And when you move points from the Ink Cash to the Sapphire Preferred or Ink Business Preferred, you get 1.25 cents per point through the Chase travel portal. And get 1.5 cents per point when you move points to the Sapphire Reserve.
Million Mile Secrets team member Scott has kept his Ink Cash card for many years because it has no annual fee. He uses it mostly to earn 2X Chase Ultimate Rewards points at restaurants for business meals.
Then, he moves the points to his Chase Sapphire Preferred card where he can transfer points directly to Hyatt or United Airlines.
The Ink Cash charges foreign transaction fees. So I wouldn’t recommend it when traveling outside of the country.
And remember, Chase has stricter application rules. If you’ve opened ~5 or more credit cards (from ANY bank) in the past 24 months, (excluding certain business cards) it will be difficult to be approved for the Chase Ink Cash card.
3. The Blue for Business® Credit Card from American Express
With the Blue for Business® Credit Card from American Express, you’ll earn 10,000 Membership Rewards points after making your first purchase on the card within the first 3 months of card membership.
And you’ll earn:
- 2X points when you book travel on the American Express Travel website
- 1 point per $1 everywhere else
- 30% annual points bonus each anniversary year of having your card, based on the past year’s purchases
Keep in mind, this card does NOT earn AMEX Membership Rewards points that are transferable to AMEX travel partners. You can only redeem your points to buy travel, gift cards, merchandise, and entertainment.
This card does not have the best bonus categories. But the annual 30% bonus can be a nice perk for folks who spend a lot during the year.
Because this card has a ~3% foreign transaction fee, it’s NOT a good card for international travel.
4. Capital One Spark Cash Select for Business
With the Capital One Spark Cash Select for Business card, you’ll earn $200 cash back after spending $3,000 on purchases in the first 3 months from account opening.
And you get unlimited 1.5% cash back with every purchase.
This card has no foreign transaction fees. That’s a great perk for a no annual fee credit card!
I usually don’t recommend Capital One cards because they pull your credit score from all 3 credit bureaus. And folks in the hobby don’t like having too many recent credit inquires on their credit report.
But if you’re looking for a straightforward cash back card without bonus categories, this is a good pick!
5. Bank of America Cash Rewards for Business
You can earn $200 cash back with the Bank of America Business Cash Rewards Mastercard after spending $500 in purchases within 60 days of opening your account.
With this card, you’ll also get:
- 3% cash back at gas stations and office supply stores
- 2% cash back at restaurants
- 1% cash back on all other purchases
This card charges 3% in foreign transaction fees. So I wouldn’t recommend it when you travel overseas.
If you qualify for a small business card, there are lots of terrific no annual fee cards, which can earn you points, miles, or cash back.
My top 5 business cards with $0 annual fee are:
- AMEX SimplyCash Plus
- Chase Ink Cash
- The Blue for Business® Credit Card from American Express
- Capital One Spark Cash Select for Business
- Bank of America® Business Advantage Cash Rewards Mastercard® credit card
The rewards you earn with certain cards are more flexible if you pair them with another card. For example, you can transfer points to airline and hotel partners from the Ink Cash or Blue for Business Credit Card from AMEX if you first combine them with another another eligible card.
Do you use a no annual fee card for your small business?