Best No Annual Fee Business Credit Cards of July 2023

Our experts answer readers’ credit card questions and write unbiased product reviews (here’s how we assess credit cards). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

You don’t need to worry about paying a high annual fee to open a small business credit card that’s worthwhile. There’s a wide selection of no-annual-fee business cards to choose from, from options that earn cash back to flexible rewards points, and some even offer substantial benefits and an introductory 0% APR that can help you save money.

It’s true that credit cards that charge annual fees usually have benefits a level above those offered by no-annual-fee cards. But the below small business credit cards are the best of the best if you’re not willing to pony up just yet.

Compare the Best No-Annual-Fee Business Credit Cards

The Blue Business® Plus Credit Card from American Express

4/5

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Rewards

Earn 2x Membership Rewards® Points on everyday eligible business purchases (on up to $50,000 per year in purchases, then 1X). Earn 1X Membership Rewards® Points on all other purchases.

The Blue Business® Plus Credit Card from American Express

4/5

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Rewards

Earn 2x Membership Rewards® Points on everyday eligible business purchases (on up to $50,000 per year in purchases, then 1X). Earn 1X Membership Rewards® Points on all other purchases.

On American Express’s website


The Blue Business® Plus Credit Card from American Express

Details


Rewards

Earn 2x Membership Rewards® Points on everyday eligible business purchases (on up to $50,000 per year in purchases, then 1X). Earn 1X Membership Rewards® Points on all other purchases.


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 26.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases for the first 12 months from account opening

Pros & Cons
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The American Express Blue Business Cash™ Card

3.2/5

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Rewards

Earn 2% cash back on everyday eligible business purchases (on up to $50,000 per year in purchases, then 1%). Earn 1% cash back on all other purchases.

The American Express Blue Business Cash™ Card

3.2/5

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Rewards

Earn 2% cash back on everyday eligible business purchases (on up to $50,000 per year in purchases, then 1%). Earn 1% cash back on all other purchases.

On American Express’s website


The American Express Blue Business Cash™ Card

Details


Rewards

Earn 2% cash back on everyday eligible business purchases (on up to $50,000 per year in purchases, then 1%). Earn 1% cash back on all other purchases.


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 26.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases for 12 months from account opening

Pros & Cons
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Ink Business Unlimited® Credit Card

4.25/5

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Intro offer

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening


Rewards

Earn unlimited 1.5% cash back on every purchase made for your business.

Ink Business Unlimited® Credit Card

4.25/5

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Intro offer

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening


Rewards

Earn unlimited 1.5% cash back on every purchase made for your business.


Ink Business Unlimited® Credit Card

Details


Rewards

Earn unlimited 1.5% cash back on every purchase made for your business.


Intro offer

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 24.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases for the first 12 months

Editor’s Rating

4.25/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons
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Ink Business Cash® Credit Card

4.55/5

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Intro offer

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening


Rewards

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 purchases.

Ink Business Cash® Credit Card

4.55/5

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Intro offer

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening


Rewards

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 purchases.


Ink Business Cash® Credit Card

Details


Rewards

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 purchases.


Intro offer

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 24.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases for the first 12 months

Editor’s Rating

4.55/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons
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U.S. Bank U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

4/5

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Intro offer

$500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account


Rewards

Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.

U.S. Bank U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

4/5

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Intro offer

$500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account


Rewards

Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.


U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

If you’re a small-business owner looking for a no-annual-fee card that earns bonus cash back in popular categories, this card is worth considering. It’s got a very generous welcome bonus and 0% intro APR offer, and comes with helpful World Elite Mastercard benefits. However, if your business doesn’t spend much in the card’s bonus categories, a flat-rate cash back business card might make more sense.

Details


Rewards

Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.


Intro offer

$500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account


Recommended Credit

Excellent/Good


Regular Annual Percentage Rate (APR)

18.24% – 27.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for 15 billing cycles

Pros & Cons
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U.S. Bank Business Platinum Card

3.33/5

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Intro offer

0% intro APR on purchases and balance transfers for 18 billing cycles

U.S. Bank Business Platinum Card

3.33/5

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Intro offer

0% intro APR on purchases and balance transfers for 18 billing cycles


U.S. Bank Business Platinum Card

Details


Intro offer

0% intro APR on purchases and balance transfers for 18 billing cycles


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

16.24% – 25.24% (Variable)


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for the first 18 billing cycles

Pros & Cons
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Bank of America Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

4.05/5

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Intro offer

$300 statement credit after making $3,000 in purchases in the first 90 days of your account opening


Rewards

Earn 3% cash back in the category of your choice (gas stations is the default category) and 2% cash back on dining purchases on the first $50,000 spent in both categories combined each calendar year. Earn unlimited 1% cash back on all other purchases.

Bank of America Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

4.05/5

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Intro offer

$300 statement credit after making $3,000 in purchases in the first 90 days of your account opening


Rewards

Earn 3% cash back in the category of your choice (gas stations is the default category) and 2% cash back on dining purchases on the first $50,000 spent in both categories combined each calendar year. Earn unlimited 1% cash back on all other purchases.


Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Details


Rewards

Earn 3% cash back in the category of your choice (gas stations is the default category) and 2% cash back on dining purchases on the first $50,000 spent in both categories combined each calendar year. Earn unlimited 1% cash back on all other purchases.


Intro offer

$300 statement credit after making $3,000 in purchases in the first 90 days of your account opening


Recommended Credit

Excellent


Regular Annual Percentage Rate (APR)

16.74% – 26.74% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases for the first nine billing cycles

Pros & Cons
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Bank of America Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

3.9/5

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Intro offer

30,000 bonus points after you spend $3,000 in purchases in the first 90 days of your account opening


Rewards

Earn 3x points when you book your travel (car, hotel, airline) through the Bank of America® Travel Center. Earn 1.5x points on all other purchases.

Bank of America Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

3.9/5

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Intro offer

30,000 bonus points after you spend $3,000 in purchases in the first 90 days of your account opening


Rewards

Earn 3x points when you book your travel (car, hotel, airline) through the Bank of America® Travel Center. Earn 1.5x points on all other purchases.


Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

Details


Rewards

Earn 3x points when you book your travel (car, hotel, airline) through the Bank of America® Travel Center. Earn 1.5x points on all other purchases.


Intro offer

30,000 bonus points after you spend $3,000 in purchases in the first 90 days of your account opening


Recommended Credit

Excellent


Regular Annual Percentage Rate (APR)

16.74% – 26.74% variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases for the first nine billing cycles

Pros & Cons
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Capital One®️ Capital One®️ Spark®️ Classic for Business

Capital One®️ Spark®️ Classic for Business

3.1/5

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Rewards

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 1% cash back on every purchase with no minimums or expiration date.

Capital One®️ Capital One®️ Spark®️ Classic for Business

Capital One®️ Spark®️ Classic for Business

3.1/5

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Rewards

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 1% cash back on every purchase with no minimums or expiration date.


Capital One®️ Spark®️ Classic for Business

Details


Rewards

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 1% cash back on every purchase with no minimums or expiration date.


Regular Annual Percentage Rate (APR)

26.99%


Intro Annual Percentage Rate (APR)

26.99%

Pros & Cons
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Best No Annual Fee Business Cards of 2023

Methodology: How We Chose the Best No Annual Fee Business Cards

There are lots of no annual fee business credit cards on the market. The ones that made our “best-of” list have one or more of the following characteristics:

  • A large welcome bonus
  • Above-average earning rates
  • Notable ongoing benefits

Insider’s cards team has scrutinized and ranked nearly every credit card on the market. You can scan our credit card reviews hub to see which credit cards are at the top of their respective category. From there, we’ve simply chosen the no-annual-fee business cards that rank highly on those lists. You can read about how we rate and review credit cards at Insider for a closer look at our methodology.

Compare the best metal credit cards

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Regular Annual Percentage Rate (APR)

21.99% – 28.99% Variable

75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening

Regular Annual Percentage Rate (APR)

22.24% – 29.24% Variable

60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening

Regular Annual Percentage Rate (APR)

21.24% – 28.24% Variable

60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening

Regular Annual Percentage Rate (APR)

20.24% – 28.24% Variable

$300 cash bonus once you spend $3,000 on purchases within the first three months from account opening

Regular Annual Percentage Rate (APR)

21.24% – 28.24% Variable

50,000 points after you spend $4,500 on purchases in the first 90 days of account opening

Regular Annual Percentage Rate (APR)

19.24% – 27.24% Variable

$200 Amazon gift card upon approval of your credit card application

Regular Annual Percentage Rate (APR)

19.99% – 28.99% Variable

20,000 bonus points after spending $1,000 in the first 90 days of account opening

Regular Annual Percentage Rate (APR)

15.50% – 27.75% Variable

Why You Should Trust Our Recommendations

We carefully compare each credit card’s merits and downfalls — and then we lay out the facts for you in a digestible way. If a card is a bad deal, we will tell you. And when we tell you a credit card is a good deal, you should seriously consider it.

No-Annual-Fee Business Cards Frequently Asked Questions

To choose the best no-annual-fee business card for you, narrow your search by figuring out how your business wants to use a credit card — whether that’s earning cash back rewards, taking advantage of low APR rates, using travel and purchase protection, or unlocking a hefty welcome bonus. For example, if you’re not planning on paying off larger purchases over multiple billing cycles or paying down credit card debt, then the U.S. Bank Business Platinum Card isn’t a good fit.

You can use an EIN (Employee Identification Number, issued by the IRS) and SSN to apply for business credit cards. Sole proprietors (like online business owners, freelancers, and other side gigs) are eligible to apply for business cards with just their SSN — no EIN necessary. 

A PG on a small business card means “personal guarantee.” If your business is not able to pay off your card’s balance, then the card’s owner/business owner would be personally responsible for paying it off. Most small-business cards will require you to have a personal guarantee to ensure that debt can be paid off even if your business fails or can no longer provide financially. 

If you have a low credit score, you may not qualify for the best small-business credit cards, but you might still be eligible for business cards geared toward those with limited or fair credit. Even if you apply with an EIN, the card issuer will still ask for your SSN to check your personal credit history and factor that into their decision to approve you. If you have bad credit, you may be eligible for a secured credit card, which can also help you boost your credit score with responsible use.

The best business credit cards with no annual fee

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Best for maximizing Chase points

$750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening

Earn unlimited 1.5% cash back on every purchase made for your business.

Best for business expenses like office supplies and internet

$750 bonus cash back after you spend $6,000 on purchases in the first three 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 purchases.

Best for rewards plus a generous intro 0% APR

$500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account

Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.

Best ultra-long introductory APR offer

0% intro APR on purchases and balance transfers for 18 billing cycles

Best No Annual Fee Business Card for Earning Travel Points

The Blue Business® Plus Credit Card from American Express

Why the Amex Blue Business Plus card is worth it: The Blue Business® Plus Credit Card from American Express currently offers a solid welcome bonus offer and earns valuable Amex Membership Rewards points, which you can redeem for flights, hotels, and more through the Amex travel portal or transfer to airline and hotel partners.

Welcome bonus offer: N/A. 

The Blue Business® Plus Credit Card from American Express allows you to earn 2 points per dollar on the first $50,000 you spend each calendar year (1 point per dollar after). The card also comes with a 0% intro APR on purchases for the first 12 months from account opening (then a 18.24% – 26.24% Variable APR). 

You’ll typically get the most value when you transfer points to American Express transfer partners (like Delta SkyMiles, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, and Hilton Honors). You can also redeem points through American Express Travel to book airfare, hotels, and rental cars. Other redemption options include gift cards, statement credits, merchandise, and food delivery.  

You’ll receive additional card benefits such as purchase protection, extended warranty, car rental loss and damage insurance, dispute resolution, expanded buying power, access to the Global Assist Hotline, and Amex Offers**. 

Amex Blue Business Plus credit card review

Best No Annual Fee Business Card for Earning Cash Back

The American Express Blue Business Cash™ Card

Why the Amex Blue Business Cash card is worth it: The American Express Blue Business Cash Card earns cardholders straightforward cash-back on all eligible purchases. Plus, you can earn a solid welcome bonus offer and take advantage of a good introductory 0% APR. 

If you’re looking to redeem your rewards as statement credits to lower your monthly expenses, you should definitely consider the American Express Blue Business Cash Card. If not, there are plenty of other no-annual-fee cards out there that have more flexible redemption options.

Welcome bonus offer: N/A 

The American Express Blue Business Cash Card earns 2% cash back on all eligible purchases up to $50,000 per year, then 1% cash back (cash back is received in the form of Reward Dollars). For this reason, we rank the card highly on our list of the best 2% cash back credit cards.

What makes the American Express Blue Business Cash Card unique is that it automatically redeems cash back as statement credits. Statement credits should appear in your next billing cycle and lower the overall cost of your bill, as long as you pay your monthly minimum payment. 

The card offers a 0% intro APR on purchases for 12 months from account opening (then a 18.24% – 26.24% Variable APR). You’ll also receive other benefits such as car rental loss and damage insurance, access to the Global Assist Hotline, extended warranty, purchase protection, and Amex Offers**.

Amex Blue Business Cash card review

Best No Annual Fee Business Card for Maximizing Chase Points

Ink Business Unlimited® Credit Card

Why the Chase Ink Business Unlimited is worth it: The Ink Business Unlimited® Credit Card earns cash back (in the form of points) on all purchases with no cap, comes with an impressive welcome bonus offer, and has flexible redemption options. You’ll also receive free employee cards, as well as travel and purchase protection benefits.

However, the Ink Business Unlimited® Credit Card isn’t the only card out there offering these perks. The Ink Business Cash® credit card offers the same benefits with the potential to earn more rewards, but only in certain categories.

Welcome bonus offer: Earn $750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening.

The Ink Business Unlimited® Credit Card earns a straightforward 1.5% cash back (1.5 Chase Ultimate Rewards® points per dollar) on all purchases, with no cap. It has one of the most generous welcome bonus offers of any no-annual-fee card, and you’ll receive a 0% intro APR on purchases for the first 12 months (then a 18.24% – 24.24% Variable APR).

You can use Chase Ultimate Rewards points for cash, gift cards, statement credits, or travel booked through Chase. Plus, if you have other annual-fee Chase cards (like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, Ink Business Preferred® Credit Card), you can combine your points in one of those accounts and unlock more redemption options, including transferring points to Chase’s airline and hotel partners.

The card comes with solid benefits like car rental insurance, travel and emergency assistance services, roadside dispatch, purchase protection, and an extended warranty. 

Chase Ink Business Unlimited credit card review

Best No Annual Fee Business Card for Business Expenses

Ink Business Cash® Credit Card

 Why the Chase Ink Business Cash card is worth it: The Ink Business Cash® credit card is a great option for businesses looking to maximize their spending at office supply stores, internet, cable, restaurants, and more. It has a great welcome bonus offer and a decent intro APR deal. The Ink Business Cash® credit card also has flexible redemption options and travel and purchase benefits.

If your highest expenses aren’t at office supply stores — or on any of the other select spending categories — then you’re better off with a different no-annual-fee business card. Also, if your yearly business expenses easily exceed a $25,000 cap on select spending categories, then you should consider a card with a higher limit (or no limit). 

Welcome bonus offer: Earn $750 bonus cash back after you spend $6,000 on purchases in the first three months from account opening.

Although the Ink Business Cash® credit card is marketed as a cash-back card, it’s actually a points card — Chase Ultimate Rewards points are worth 1 cent each towards cash back, travel (booked through Chase), or gift cards. 

Cardholders earn:

  • 5% cash back (5 points per dollar spent) on the first $25,000 (then 1x) in combined purchases at office supply stores and on internet cable, and phone services each year 
  • 2% cash back (2 points per dollar spent) on the first $25,000 (then 1x) in combined purchases at gas stations and restaurants each year
  • 1% unlimited cash back (1 point per dollar spent) on all other purchases

As with the Ink Business Unlimited® Credit Card, you can combine your points with other annual-fee Chase cards to increase your reward value, or redeem for cash, statement credits, gift cards, or travel booked through Chase.

The Ink Business Cash® credit card comes with a 0% intro APR on purchases for the first 12 months (then a 18.24% – 24.24% Variable APR). This is great if you need to pay off larger expenses over time without incurring interest. You’ll also receive fraud protection, car rental insurance, extended warranty, and travel and emergency assistance services.

Chase Ink Business Cash credit card review

Best No Annual Fee Business Card for Rewards and an Intro APR

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

Why the Triple Cash Rewards Mastercard is worth it: The U.S. Bank Business Triple Cash Rewards Card is ideal if you’re looking for a card with a generous bonus and intro APR. Plus, it earns decent rewards with no cap, and you’ll receive annual software credit. 

Unfortunately, you won’t earn the welcome bonus unless you’ve met the high spending requirement. Therefore, it may not be attainable for some businesses, especially smaller businesses or folks with side gigs.

Welcome bonus offer: Earn $500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account. 

Cardholders earn:

  • 5% cash back on prepaid hotels and car rentals booked through the Rewards Center
  • 3% cash back at gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants 
  • 1% cash back on all other eligible purchases

You can redeem rewards as statement credits, Real-Time Rewards (to cover eligible purchases as you spend), or a direct deposit (a minimum of $25 to redeem). Plus, the U.S. Bank Business Triple Cash Rewards Card gets you $100 software credit every year towards subscriptions like FreshBooks or Quickbooks. 

The card has a 0% intro APR on purchases and balance transfers for 15 billing cycles (then a 18.24% – 27.24% Variable APR), which is great for folks paying off debt or wanting to pay off large purchases over time.

The U.S. Bank Business Triple Cash Rewards Card provides cardholders with World Elite Mastercard benefits, as well as access to the Rewards Center Earn Mall. 

US Bank Triple Cash Rewards card review

Best No Annual Fee Business Card for a Long Intro APR

U.S. Bank Business Platinum Card

Why the U.S. Bank Business Platinum Card is worth it: The U.S. Bank Business Platinum Card doesn’t earn rewards or come with a welcome bonus offer. But it does have an extra-long 0% intro APR, which is especially appealing to businesses looking to avoid incurring high interest on their debt — or those needing to pay off large purchases over multiple billing cycles.

Unless you need a significantly long intro APR, there are lots of better cards on the market also with 0% APR deals (not nearly as long) that also earn rewards and welcome bonus offers for no annual fee. 

Welcome bonus offer: N/A

The U.S. Bank Business Platinum Card has a 0% intro APR on purchases and balance transfers for the first 18 billing cycles (then a 16.24% – 25.24% (Variable) APR).

Cardholders also get $0 fraud liability, 24/7 fraud monitoring, the US Bank ExtendPay plan, and management over employee credit cards. 

Best No Annual Fee Business Card for Customized Rewards

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Why the Business Advantage Customized Cash Reward card is worth it: The Business Advantage Customized Cash Rewards Credit Card earns 3% cash back in a category of your choosing (from six predetermined categories) and comes with a solid welcome bonus offer and intro APR.

This is a great card for businesses looking for customizable cash rewards. But if you’re not interested in choosing your own rewards categories, you should consider a different no-annual-fee business card. 

Welcome bonus offer: Earn a $300 statement credit after making $3,000 in purchases in the first 90 days of your account opening. 

The Business Advantage Customized Cash Rewards Credit Card is unique as it allows cardholders to choose which spending category they’d like to earn 3% cash back in (gas stations, office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services). It also earns you 2% cash back on dining. But keep in mind that 3% and 2% earnings are capped at a combined $50,000 per year (then 1% cash back).

You’ll get a 0% intro APR on purchases for the first nine billing cycles (then a 16.74% – 26.74% Variable APR). 

You can redeem rewards as statement credits, a direct deposit, or credit to a qualifying Merrill (Bank of America’s wealth management division) account. Bank of America Preferred Rewards customers can also earn up to 75% more rewards (amounts depend on deposit/investment with Bank of America or Merill). 

The card offers additional benefits like cash flow management tools, travel accident insurance, and car rental insurance. It does charge a foreign transaction fee, so it’s not ideal for traveling. 

Bank of America Business Advantage Customized Cash Rewards credit card review

Best No Annual Fee Business Card for Travel Purchases

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

Why the Business Advantage Travel Rewards World Mastercard is worth it: The Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card earns straightforward flat-rate rewards on all purchases, plus bonus rewards on travel booked through the Bank of America Travel Center. You’ll also get a big welcome bonus and a decent 0% intro APR deal.

Bank of America Preferred Rewards members will earn the most rewards (up to 75% more on purchases), so if you’re not a member you’ll miss out on the highest rewards opportunity.

Welcome bonus offer: Earn 30,000 bonus points after you spend $3,000 in purchases in the first 90 days of your account opening.

The Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card earns unlimited 3 points per dollar spent on eligible travel bookings (car, hotel, and airlines) through the Travel Center site. You’ll also earn straightforward 1.5 points per dollar spent on all purchases.

The card has a 0% intro APR on purchases for the first nine billing cycles (then a 16.74% – 26.74% variable APR). The deal only applies to purchases, so it won’t help folks trying to pay down credit card debt. 

You can redeem rewards earned with the Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card as a statement credit towards travel or dining-related purchases, travel at the Bank of America Travel Center, cash back, or gift cards.

The card doesn’t charge a foreign transaction fee, which means it’s a good option for international travel. Other benefits include cash flow management tools and travel and emergency services.

Bank of America Business Advantage Travel Rewards credit card review

Best No Annual Fee Business Card for Fair Credit

Capital One®️ Spark®️ Classic for Business

Why the Spark Classic for Business is worth it: The Capital One®️ Spark®️ Classic for Business is significant because those with fair credit scores can get it, and it earns 1% flat-rate cash back on all purchases, with no cap.

However, there’s no welcome bonus offer or intro APR deal and it only includes a few additional perks. But if you have limited credit history and need a starter card to help grow your business, the Capital One®️ Spark®️ Classic for Business is defiantly worth considering. 

Welcome bonus offer: N/A

The Capital One®️ Spark®️ Classic for Business earns unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1% cash back on all purchases.

Although some other business cards have higher rewards rates, better benefits, and include a welcome bonus (all things that the Capital One®️ Spark®️ Classic for Business doesn’t have), what makes this card special is that folks with fair credit are eligible. Most small-business credit cards require you to have at least good credit, so if you’re someone with limited credit, this card could be a great starting point.

You can redeem your rewards as a statement credit or check, as credits towards previous purchases, or for gift cards. You can also set up automatic redemption preferences through your Capital One account.

The regular APR is a 26.99%. The Capital One®️ Spark®️ Classic for Business also has benefits like no foreign transaction fees, extended warranty, and roadside assistance.

 

 

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