No Annual Fee Business Credit Cards
No annual fee cards typically have higher interest rates making them best suited to businesses that can pay off their balance every month.
Low volume users benefit the most from no annual fee cards. High volume users will likely benefit more from the right rewards card.
The Perfect Card For Keeping Home and Business Expenses Separate
One of the main reasons for many freelancers and small businesses getting their first credit card is to keep home and business expenses separate. If accounting is your primary motivation for getting a credit card, then you will be best off getting a no annual fee card.
Pitfalls of No Annual Fee Cards
Before you apply for no annual fee credit cards, it is important that you read all the fine print. This is one area you do not want to assume that because one program has certain features, that all the others will provide you the same benefits. Some things that you want to look for are:
Any other included benefits: You may have to sacrifice something in order to benefit from that no annual fee. So see what benefits are included in addition to those that aren't. If there is a specific benefit that you need that is not included in the fine print, then you need to find out if it is included or not.
How long is the no annual fee valid for? Some credit card companies provide the no annual fee as an introductory offer for the first year and will bill your card for the following year. Make sure you understand the terms and duration of the waiver.
Are conditions attached to the no annual fee waiver? Do not make the assumption that no annual fee means no annual fee. This waiver might be attached to conditions like a certain amount of purchases made on the card for the year. This shouldn't be, but it does happen. So make sure you read to find out if there are any conditions before you apply. If there are conditions attached, then you may want to keep looking for genuine no annual fee credit card offers.
If you allow 100 or less to roll over on your credit card account a few months in the year, then a no annual fee credit card will be good for you. This is because any interest that you acquire will be less than the annual fee on most cards. It is important that you do some calculations to determine the interest rates that you will most likely pay during the year, and compare it to the annual fees to make an appropriate determination.
Best No Annual Fee Business Credit Card
The SimplyCash® Business Card from American Express OPEN is our top choice for no annual fee business cards as it offers a low interest rate combined with cash back on all of your purchases, with no limits on the amount of cash back you can receive. It is a great choice for businesses that are concerned with annual membership fees.
SimplyCash® Business Card from American Express OPEN
- Intro APR: 0% on Purchases*
- Intro Period: for up to 12 months*
- Regular APR: 12.24% - 19.24% Variable*
- Annual Fee: None*
- Get 5% cash back on wireless services and office supply purchases*
- Get 3% cash back on automobile gasoline*
- Get 1% cash back on other purchases*
- No limit to the amount of cash back you can earn
- Cash back on purchases is automatically credited to your statement each month
- Save 3%-10% automatically on business expenses from FedEx, Hertz®, OfficeMax®, and more with OPEN Savings®*
- No annual membership fee
CitiBusiness® World Card
- Intro APR: 0.00%*
- Intro Period: 6 months on purchases*
- Regular APR: 13.24% (Variable)*
- Annual Fee: None*
- Designed for businesses with an established credit history
- $100 gift card - when you redeem the 10,000 bonus ThankYou® points received after $300 in purchases within 3 months of account opening
- 0% intro APR on Purchases for 6 months. After that, 13.24% variable
- 3 ThankYou points for every $1 spent at certain office supply merchants and on professional services and 1 point for every $1 spent on other purchases
- Earn rewards for your business expenses, including purchases made on employee cards
- Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
- No Annual Fee*
The New Business Gold Rewards Card® from American Express OPEN
- Intro APR: N/A*
- Intro Period: N/A*
- Regular APR: N/A*
- Annual Fee: $0 introductory annual fee for the first year, then $175*
- Earn points even faster to get more rewards for your business
- 3X points on airfare, 2X points on advertising, gas, and shipping , 1X points on everything else
- One million rewards from over 500 brands
- Unlimited Rewards Potential- there is no limit to the number of points you can earn and points do not expire
- 24/7 support for everything from identity theft to travel emergencies
- $0 introductory annual fee for the first year, then $175
- Get unlimited Additional Gold Cards for an additional annual fee of $50- and this fee is waived for the first year
Starwood Preferred Guest® Business Credit Card from American Express OPEN
- Intro APR: N/A*
- Intro Period: N/A*
- Regular APR: 15.24% - 19.24% Variable*
- Annual Fee: $0 introductory annual fee for the first year, then $65*
- Earn up to 25,000 Starpoints®: Receive 10K after your first purchase, and another 15K when you spend $5,000 in 6 months-enough for up to 6 free nights at a Category 1 or 2 hotel
- Redeem Starpoints at over 1,000 hotels and resorts in nearly 100 countries, and for flights on more than 350 airlines through SPG Flights. No blackout dates.
- $0 introductory annual fee for the first year, then $65
Gold Delta SkyMiles® Business Credit Card from American Express OPEN
- Intro APR: N/A*
- Intro Period: N/A*
- Regular APR: 15.24% - 19.24% Variable*
- Annual Fee: $0 introductory annual fee for the first year, then $95*
- Earn 30,000 bonus miles toward Award Travel - when you spend $500 on the Card in the first three months from account opening
- Check your first bag free - for up to 8 people on your reservation - on every Delta flight
- Receive double miles on Delta purchases and 1 mile for all other eligible dollars spent
- Priority Boarding and 20% In-Flight Savings
- $0 intro annual fee for the first year, then $95
- No annual fee for Additional Cards
- Save 3% to 10% automatically on business expenses from FedEx, Hertz®, OfficeMax®, and more with OPEN Savings®
