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Best Business Credit Cards with no Annual Fee

Published By Janet Gershen-Siegel at August 27th, 2018

Written by Janet Gershen-Siegel

You Need the Best Business Credit Cards With No Annual Fee

Are you looking for the best business credit cards with no annual fee?

According to the SBA, business credit card limits are 10 – 100 times those of personal cards! This means you can get a lot more cash with company credit.

And this also means you can have personal credit cards at shops, and now have an alternate card at the same retail stores for your company. And you will not have to put up collateral, cash flow, or financial information to get small business credit.

Credit Card Benefits

Features vary, so be sure to select the benefit you prefer from this array of alternatives.

Low APR/Balance Transfers Business Credit Cards

For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee.

Afterwards, the purchase APR is a variable 10.49% – 18.49%. But this depends on creditworthiness. There is no annual fee.

This card is only on offer to people with great or excellent credit. However, there is no rewards program for purchases.

Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do

Blue Business Plus Credit Card from American Express

Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. There is no annual fee.
Right now corporations can get double points on the initial $50,000 in purchases yearly.

Get it here: https://creditcard.americanexpress.com/blue/

Cards for Cash Back

Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit after $500 in purchases within 60 days of account opening. You also get 3% cash back on purchases at gasoline stations and office supply stores. So this is up to $250,000 per year.

And you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. There is no annual fee.

It is available to applicants with excellent credit. But you can only redeem your cash back in $25 increments.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/

Spark Cash Select from Capital One

Furthermore, check out the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without limitations. New cardholders can also get a $200 cash bonus. But this is once they spend $3,000 on new purchases during the first three months of account opening.

New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

SimplyCash Plus Business Credit Card from American Express

Consider the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Earn a $200 statement credit after spending $5,000. Also, get 5% cash back at US office supply stores and on wireless phone services bought from US service providers. However, this applies to the initial $50,000 of annual spending.

You also get 3% cash back on spending category of your choice. So this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. However, it applies to the first $50,000 of yearly spending.

In addition you get 1% cash back on all other purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Cards for Rewards (First Year no Annual Fee)

Take a look at the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points after $5,000 in purchases on the card. So this is during first three months.

You get three points on your choice of five categories. Also, you get two times the points on the remaining categories. In addition, get one point per dollar on all other purchases.

It has a $0 yearly fee for the first year. But note: then your yearly fee climbs to $175.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards

Credit Builder Business Credit Cards (Low Annual Fee)

Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to procure a credit limit of $500 – $25,000. The amount available is the same as the amount of cash you provide to secure the line.

Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25. But the more cards you have the more expensive your yearly fee will be.

This card allows small business owners with bad personal credit to obtain a card to make purchases and establish business credit.

But the card will just report to the personal credit agencies if you default or are overdue on payments.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

More Benefits

There are plenty of other great company credit cards. So check out the perks, as you may find the best business credit cards with no annual fee are not the best for you.

Cards with 0% APR

For a 0% APR time frame, we really like the Ink Business Cash ℠ Credit Card. Also, you pay no annual cost. It’s got an interest-free period. It has versatile cash-back rewards. There are spending limits for your employees. However, you will have to have a credit score of 690 or better.

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash

Blue Business Plus from American Express

For an introductory 0% APR time period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. Also, you can earn twice the points on routine business expenses up to an annual cap.

But the regular APR is 12.24% – 20.24% (variable).

Get it here: https://creditcard.americanexpress.com/blue/

Company Credit Cards for Fair Credit

For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. However, you will have to have a credit score of 690 or better.

TAKE NOTE: the standard APR is 23.99% variable APR.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Small Business Credit Cards for Travel Points

For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases on your new card during your first three months. Terms and limitations apply.

In addition earn a $50 statement credit after you make a Delta purchase with your card in your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Earn one mile per qualifying dollar spent on purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279

Business Platinum from American Express

Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:

  • Priority Pass Select
  • Delta SkyClubs
  • American Express Centurion Lounges

You also receive Gold Status when you enroll in the Starwood Preferred Guest program. There is also a $200 yearly air travel fee credit.

There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. And you also get one point per dollar spent on most purchases. Also, you get 1.5 times the points on charges of $5,000 or more on eligible purchases.

However, this is up to one million added points per year. Get five points per dollar spent buying flights and prepaid hotels from the American Express Travel website.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Ink Business Preferred from Chase

Also, make sure to take a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points once you spend $5,000 on purchases in your initial 3 months from account opening.

Get three points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines. However, this is for each account anniversary year.

Also, earn one point for each dollar on all other purchases. There is no limitation to the amount you can earn.

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred

More Cards for Rewards

Business Platinum Card from American Express OPEN

Also, check out the Business Platinum ® Card from American Express OPEN. So you can earn as many as 75,000 Membership Rewards points at the time of account opening.

Also earn 50,000 Membership Rewards points subsequent to spending $10,000. In addition, get 25,000 more points after spending an added $10,000 all on qualifying purchases during the first three months.

And also you can get five times the Membership Rewards points on flights and prepaid hotels on amextravel.com. However, it has a $450 annual fee!

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

An Alternative to the Best Business Credit Cards with No Annual Fee

Why, it’s business credit building, of course!

Company credit is credit in a company’s name. It doesn’t attach to an owner’s individual credit, not even if the owner is a sole proprietor and the only employee of the small business. Because of this, a business owner’s business and individual credit scores can be very different.

The Advantages

Due to the fact that business credit is independent from consumer, it helps to protect an entrepreneur’s personal assets, in case of legal action or business bankruptcy. Also, with two distinct credit scores, a small business owner can get two different cards from the same merchant. This effectively doubles purchasing power.

Another benefit is that even new ventures can do this. Visiting a bank for a business loan can be a recipe for frustration. But building corporate credit, when done right, is a plan for success.

Consumer credit scores are dependent on payments but also other factors like credit use percentages. But for business credit, the scores truly merely hinge on if a company pays its debts in a timely manner.

The Process

Building corporate credit is a process, and it does not occur without effort. A business will need to proactively work to establish company credit. Nevertheless, it can be done easily and quickly, and it is much quicker than establishing individual credit scores. Merchants are a big component of this process.

Performing the steps out of order will lead to repetitive denials. Nobody can start at the top with small business credit. For example, you can’t start with store or cash credit from your bank. If you do you’ll get a rejection 100% of the time.

So building business credit may make it so you qualify for the best business credit cards with no annual fee – but you find out you don’t need them after all.

Your Best Business Credit Cards with No Annual Fee

Your best business credit cards with no annual fee with depend on your credit history and scores. Only you can make a decision on which rewards you want and need, so make sure to do your research.

And, as always, make sure to build credit in the recommended order for the best, fastest benefits. Check out how this will help your company get the business credit cards with no annual fee.

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