Best Business Credit Cards with No Annual Fee of 2021

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We’ve found the best business cards that don’t charge an annual fee―but that do have plenty of other perks.

Business.org’s pick
JP Morgan Chase Bank Business
Ink Business Cash Credit Card
3.8 out of 5 stars
3.8
$0.00
annual fee
  • Icon Pros  Dark
    Up to 5% cash back on eligible purchases
  • Icon Pros  Dark
    Up to 5% cash back on eligible purchases
Business.org’s pick
US Bank
U.S. Bank Business Cash Rewards World Elite™ Mastercard®
3.7 out of 5 stars
3.7
$0.00
annual fee
  • Icon Pros  Dark
    Low intro APR for balance transfers
  • Icon Pros  Dark
    0% intro APR for 12 cycles (13.99%–22.99% variable APR after)
Business.org’s pick
american express logo
American Express Blue Business Cash™ Card
3.6 out of 5 stars
3.6
$0.00
annual fee
  • Icon Pros  Dark
    Flexible credit limit with Expanded Buying Power
  • Icon Pros  Dark
    0% intro APR for 12 mos. (13.24%–19.24% variable APR after)
Business.org’s pick
JP Morgan Chase Bank Business
Ink Business Unlimited Credit Card
3.6 out of 5 stars
3.6
$0.00
annual fee
  • Icon Pros  Dark
    Flat-rate cash back rewards on all eligible purchases
  • Icon Pros  Dark
    0% intro APR on purchases for 12 mos. (13.24%– 19.24% variable APR after)
Business.org’s pick
Capital One
Capital One Spark Cash Select for Business
3.5 out of 5 stars
3.5
$0.00
annual fee
  • Icon Pros  Dark
    No foreign transaction fees
  • Icon Pros  Dark
    0% intro APR for 9 mos. (13.99%–23.99% variable APR after)

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Tired of paying an annual fee to use your business credit card? We don’t blame you. Luckily, you don’t have to―plenty of business credit cards don’t charge an annual fee but still give you perks like rewards, welcome bonuses, introductory APR, and more.

We looked at more than three dozen personal and business credit cards to find the top business card options that don’t come with an annual fee―ever. And after comparing things like other fees, interest rates, and rewards, we’ve narrowed it down to the 10 best business credit cards with no annual fee.

Let’s find your new, more affordable small-business credit card.

The best no-annual fee business credit cards

Compare the best business credit cards with no annual fee

Card
Purchase APR
Introductory APR
New cardmember offer
Get a card
JP Morgan Chase Bank Business

Ink Business Cash Credit Card

13.24%–19.24% variable0% intro APR on purchases for 12 mos.
Icon Check  DarkYes
US Bank

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

13.99%–22.99% variable0% intro APR for 12 cycles
Icon Check  DarkYes
american express logo

American Express Blue Business Cash™ Card

13.24%–19.24% variable0% intro APR for 12 mos.
Icon Check  DarkYes
JP Morgan Chase Bank Business

Ink Business Unlimited Credit Card

13.24%–19.24% variable0% intro APR on purchases for 12 mos.
Icon Check  DarkYes
Capital One

Capital One Spark Cash Select for Business

13.99%–23.99% variable0% intro APR for 9 mos.
Icon Check  DarkYes

Data effective 5/11/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Business credit card costs

None of the card options on this list come with an annual fee―for the first year or any year after. That doesn’t mean, though, that these cards don’t come with other costs you need to know about.

First and foremost, you’ve got interest. If you don’t repay your card balance in full each month, you’ll owe interest on the balance you carry over. And unlike other kinds of business financing (like loans and lines of credit) that have starting rates under 10%, credit cards usually have an APR (annual percentage rate) starting in the teens or even twenties.

In other words, interest can make your credit card get real expensive real quick.

But it’s not just interest you need to think about. Your business credit card may come with quite a few other fees, like these:

  • Balance transfer fees (when you move the outstanding balance you owe on another credit card to your new credit card)
  • Foreign transaction fees (when you make international purchases)
  • Employee card fees (if you want your employees to have a copy of your business credit card)
  • Cash advance fees (if you want to borrow cash against your credit limit)
  • Late payment fees (when you forget to make a monthly payment on time)

Not all these fees apply to every card, and you can avoid pretty much all of them depending on how you use your credit card.

Still, it’s important to know and understand the costs that come with your business credit card―even if an annual fee isn’t one of them.

Ink Business Cash Credit Card: Best overall no-annual fee business credit card

JP Morgan Chase Bank Business
Ink Business Cash Credit Card
3.8 out of 5 stars
3.8

$0.00 annual fee

  • 1-5% cash back rewards
  • $750 in bonus cash back after spending $7,500 in 3 mos.
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

The Ink Business Cash Credit Card from Chase is our favorite business credit card for people who don’t want to pay an annual fee. In fact, the Ink Business Cash Credit Card is so good that it tops our list of the best business credit cards. That’s largely thanks to its excellent rewards program. The Ink Business Cash Credit Card earns (you guessed it) cash rewards―and it does so at excellent rates. You can get up to 5% cash back, which is by the far the highest rate we’ve seen on a credit card without an annual fee.

Now, to be clear, you won’t get 5% cash back on all your purchases. That rate applies to your first $25,000 you spend on internet, phone, cable, and office supplies in a year. But you still earn a very good 2% rate on your first $25,000 in gas station and restaurant spending. For everything else, you get a 1% flat rate.

So the Ink Business Cash Credit Card has lots of earning potential (especially when you consider the $750 welcome bonus when you spend $7,500 in your first three months). But beyond rewards, this card also has competitive fees (like $0 employee cards), fair interest rates, and good deals for new cardmembers (like a 12-month 0% introductory APR, with a 13.24% to 19.24% variable APR after).

With all that said, you may not want the Ink Business Cash Credit Card if you’d rather earn rewards points or miles than cash. Likewise, if you don’t plan to put your internet or phone bills on your credit card, the Ink Business Cash may not earn you as much as some other cards.

For most business owners, though, Chase’s Ink Business Cash Credit Card offers unbeatable cash back, low fees, and competitive rates―making it our top business credit card with no annual fee.

U.S. Bank Business Cash Rewards World Elite™ Mastercard®: Best for balance transfers

US Bank
U.S. Bank Business Cash Rewards World Elite™ Mastercard®
3.7 out of 5 stars
3.7

$0.00 annual fee

  • 1-3% cash back rewards
  • $500 in bonus cash back after spending $3,000 in 3 mos.
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

If you’re interested in a balance transfer, the U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers an affordable card for doing so.

Like many cards, the U.S. Bank Business Cash Rewards World Elite™ Mastercard® lets you put an outstanding balance from another credit card onto your new credit card (so you can pay less in interest). But unlike other cards, the U.S. Bank Business Cash Rewards World Elite™ Mastercard® offers a 12-month, 0% introductory APR on balance transfers. (After that 12-month period, expect a 13.99% to 22.99% variable APR.) So instead of just paying less in interest, you can pay nothing in interest for a whole year. (That applies to purchases too, by the way.)

That’s not to say the U.S. Bank Business Cash Rewards World Elite™ Mastercard® is only good for balance transfers, though. It earns up to 3% cash back (a very competitive rate) and gives you bonus cash back every year. Plus, it offers an affordable ongoing APR and free employee cards―in addition to the lack of annual fee.

That makes the U.S. Bank Business Cash Rewards World Elite™ Mastercard® a great card choice for balance transfers―and a solid choice for everyday business expenses.

American Express Blue Business Cash™ Card: Best for instant approval

american express logo
American Express Blue Business Cash™ Card
3.6 out of 5 stars
3.6

$0.00 annual fee

  • 1-2% cash back rewards
  • No signup bonus
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Need to start using your new business credit card ASAP? The American Express Blue Business Cash™ Card makes that possible with its instant approval process.

When you apply for an American Express credit card, like the American Express Blue Business Cash™ Card, you have a shot at getting approved in just 30 seconds. Even better, if you do get instantly approved, American Express will issue you a virtual card number so you can begin using your new card right away―even though you won’t have your physical card in hand. (It’s the only business card issuer we’ve seen that does this.)

Of course, instant approval isn’t guaranteed (but your odds go up with a high credit score). Fortunately, the American Express Blue Business Cash™ Card has plenty aside from instant approval and use, like flexible credit limits (as long as you pay any amount spent over your credit limit in full each cycle), cash rewards, and competitive fees. (Just note that terms apply.)

Again, though, instant approval is where the American Express Blue Business Cash™ Card really shines. So if you have a purchase that can’t wait, give the American Express Blue Business Cash™ Card a go.

A rewards points alternative: Blue Business® Plus Credit Card

For business owners that want to earn rewards points instead of cash (maybe because you want to get gift cards or statement credit), American Express also offers the Blue Business® Plus Credit Card.

Like its cash-earning cousin, the Blue Business® Plus Credit Card offers instant approval and usage (and no annual fee). The only real difference is the rewards. The American Express Blue Business Cash™ Card earns, well, cash, while the Blue Business® Plus Credit Card earns points. (Terms apply.)

Either way, you’re getting an excellent business rewards credit card.

Ink Business Unlimited Credit Card: Best flat-rate rewards

JP Morgan Chase Bank Business
Ink Business Unlimited Credit Card
3.6 out of 5 stars
3.6

$0.00 annual fee

  • 1.5% cash back rewards
  • $750 in bonus cash back after spending $7,500 in 3 mos.
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

If you want to earn plenty of rewards without worrying about your purchase habits, the Ink Business Unlimited Credit Card from Chase offers the best flat-rate rewards.

Unlike many cards on this list that give you a certain cash rate for gas and another rate for everyday business expenses, the Ink Business Unlimited Credit Card gives you the same cash back rate on your qualifying purchases. You get a flat 1.5% on every purchase you make with your Ink Business Unlimited Credit Card. So while you may not earn the most cash possible, you can spend less time worrying about rewards and more time on your business.

Plus, the Ink Business Unlimited Credit Card has a generous welcome bonus that lets you earn an additional $750 in cash rewards. And like other Ink Business cards from Chase Bank, the Ink Business Unlimited Credit Card gets you other nice perks like free employee cards, a yearlong introductory APR of 0% (followed by a 13.24% to 19.24% variable APR), and no annual fee.

So for simple but competitive cash rewards, we recommend the Ink Business Unlimited Credit Card from Chase.

Capital One Spark Cash Select for Business: Best for foreign transactions

Capital One
Capital One Spark Cash Select for Business
3.5 out of 5 stars
3.5

$0.00 annual fee

  • 1.5% cash back rewards
  • $200 in bonus cash back after spending $3,000 in 3 mos.
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Plan on making purchases in other countries? Get Capital One Spark Cash Select for Business to keep things affordable.

Capital One doesn’t charge any foreign transaction fees on purchases made with the Capital One Spark Cash Select for Business card. Many other card issuers charge a 2% or 3% fee on all foreign transactions, which can add up quickly if you do much international spending. And while Capital One Spark Cash Select for Business isn’t the only business credit card with no foreign transaction fee out there, it is our favorite.

That’s because, aside from the lack of annual fee or foreign transaction fee, Capital One Spark Cash Select for Business also earns flat cash rewards. And it doesn’t charge other common card fees either, like balance transfer fees or employee card fees. So it’s affordable for everyday use―not just international spending.

If you anticipate foreign spending, though, the Capital One Spark Cash Select for Business card can save you plenty of cash with its fee-free foreign transactions.

A travel rewards alternative: Capital One Spark Miles Select for Business

If you’d rather earn travel rewards for your business spending, you’ve got the option of the Capital One Spark Miles Select for Business.

As with the Capital One Spark Cash Select for Business card, the Capital One Spark Miles Select for Business card doesn’t have an annual fee, foreign transaction fees, balance transfer fees, or employee card fees. But rather than earn cash rewards, the Capital One Spark Miles Select for Business card earns miles that you can use on flights, hotels, and other travel expenses.

So if your business conducts frequent travel, Capital One Spark Miles Select for Business may make more sense for you.

Honorable mentions

Card
Purchase APR
Introductory APR
New cardmember offer
Get a card
Wells Fargo

Wells Fargo Business Platinum Credit Card

Prime + 7.99%–Prime + 17.99% variable0% intro APR for 9 mos.
Icon Check  DarkYes
Citi

Costco Anywhere Visa® Business Card by Citi

15.24%N/A
Icon No  DarkNo
Wells Fargo

Wells Fargo Business Secured Credit Card

Prime + 11.9%N/A
Icon No  DarkNo
US Bank

U.S. Bank Business Platinum Card

11.99%–20.99% variable0% intro APR for 15 cycles
Icon No  DarkNo
Capital One

Spark 1% Classic

26.99%N/A
Icon No  DarkNo

Data effective 5/11/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Wells Fargo Business Platinum Credit Card: Best purchase APR

Wells Fargo
Wells Fargo Business Platinum Credit Card
3.3 out of 5 stars
3.3

$0.00 annual fee

  • 1.5% cash back rewards or 1x points rewards
  • $300 in bonus cash back or 30,000 in bonus points after spending $3,000 in 3 mos.
  • 99 free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Like we mentioned above, you can end up paying a lot in interest on your business credit card. The Wells Fargo Business Platinum Credit Card can minimize the interest you owe, thanks to its low purchase APR.

When you first get the Wells Fargo Business Platinum Credit Card, you’ll get an introductory APR of 0% for 9 months. But after that, you’ll still get the best rate we’ve found on a business credit card (between Prime + 7.99% and Prime + 17.99%, which means it starts at 11.24% as of this writing). So while we still recommend you avoid accruing interest at all, the Wells Fargo Business Platinum Credit Card can at least lessen the amount of interest you do accrue.

Of course, not every business owner will qualify for that rock-bottom rate. You may end up with a higher (but still pretty competitive) rate from Wells Fargo, depending on factors like your credit score and credit history. Make sure you know your exact APR before you start spending.

Still, the Wells Fargo Business Platinum Credit Card gives you a chance to get a super-low purchase APR on a business credit card.

Costco Anywhere Visa® Business Card by Citi: Best for Costco members

Citi
Costco Anywhere Visa® Business Card by Citi
3.1 out of 5 stars
3.1

$0.00 annual fee

  • 1-4% cash back rewards
  • No bonuses for new cardmembers
  • 3 free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Do lots of your business expenses come from Costco? Then the Costco Anywhere Visa® Business Card by Citi can earn you excellent cash rewards.

This small-business credit card was designed for Costco members, so you earn better rates for spending at Costco warehouses and the Costco website. While all purchases earn at least 1% cash back, Costco purchases earn double at 2%. As an added bonus, you can earn 3% on eligible restaurant and travel spending, plus 4% on the first $7,000 you spend on eligible gas purchases each year.

Note, however, that you do need a Costco membership to get this card. So while the Costco Anywhere Visa® Business Card doesn’t charge its own annual fee, you will have to pay an annual Costco fee (about $60) to use it. That’s why we recommend this one just for current Costco members.

If you already have and use your Costco membership, though, you’ll love the extra cash you earn with the Costco Anywhere Visa® Business Card by Citi.

Wells Fargo Business Secured Credit Card: Best for bad credit

Wells Fargo
Wells Fargo Business Secured Credit Card
2.7 out of 5 stars
2.7

$0.00 annual fee

  • 1.5% cash back rewards or 1x points rewards
  • No bonuses for new cardmembers
  • 10 free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Have a low business credit score―or maybe no business credit score? Start building a better credit history with the Wells Fargo Business Secured Credit Card.

You don’t need a good credit score to get the Business Secured Credit Card. That’s because it is―like the name tells you―a secured card. In other words, you have to offer up collateral (cash, in this case) in order to get approved. Your credit limit gets determined by how much cash you offer as collateral. But once you’re approved, you can use your credit card as usual, and build better credit by doing so.

Since this card is designed to improve bad or no credit, it doesn’t have the best perks we’ve seen. There’s no welcome bonus for new cardholders, for example, and you get a maximum of 10 free employee cards. So you should plan on upgrading to a better credit card as soon as possible.

But if you can’t qualify for other cards because of your bad credit, the Wells Fargo Business Secured Credit Card offers a great way to get a card and fix your credit score. 

U.S. Bank Business Platinum Card: Best intro APR

US Bank
U.S. Bank Business Platinum Card
2.7 out of 5 stars
2.7

$0.00 annual fee

  • No rewards program
  • No bonuses for new cardmembers
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Like the sound of 0% APR for as long as possible? Then you’ll like the U.S. Bank Business Platinum Card.

The Business Platinum Card has the longest introductory APR period we’ve found, with 15 full cycles―more than a year―of 0% intro APR. That gives you plenty of time to make purchases without worrying about interest. And even once that introductory period ends, you’ll get one of the lowest APR ranges out there (aside from the Wells Fargo Business Platinum Card), with variable APR rates starting at just 11.99% and going up to 20.99%.

There is a tradeoff, though. The U.S. Bank Business Platinum may save you a ton on interest, but it also doesn’t let you earn any rewards―cash, points, travel, or otherwise. Likewise, there’s no welcome bonus or anything. Your reward is simply the money you save on interest.

Still, if saving on interest―at least for 15 cycles―sounds appealing, the U.S. Bank Business Platinum Card has the 0% intro APR you need.   

Spark 1% Classic: Best for building credit

Capital One
Spark 1% Classic
2.3 out of 5 stars
2.3

$0.00 annual fee

  • 1% cash back rewards
  • No bonuses for new cardmembers
  • Free employee cards

Data effective as of 5/11/21. Offers and availability may vary by location and are subject to change.

Need to improve your business credit score? The Spark 1% Classic card from Capital One can help.

The Spark 1% Classic card was made for business owners with fair credit (unlike a secured business credit card, which works for business owners with bad credit). So you can get approved without a perfect credit history. But unlike most secured cards, the Spark 1% Classic card has a decent maximum credit limit of $50,000―way higher than secured alternatives. Since your credit limit can affect your credit score, that makes it a better option for building credit.

But again, remember that you do need at least fair credit to qualify. If you’ve got bad credit or no credit, you’ll need to start off with a secured card before you can graduate to the Spark 1% Classic card. And keep in mind, you won’t get very competitive rewards or rates from the Spark 1% Classic card.

Even so, the Spark 1% Classic card can be a valuable tool for building up your credit and helping you qualify for better cards in the future.

The takeaway

If you want a business credit card with no annual fee, the Ink Business Cash Credit Card from Chase is your best bet. It’s got high cash rewards and competitive rates.

We found several other great cards with no annual fee, though. If you plan on a balance transfer, you’ll like the U.S. Bank Business Cash Rewards World Elite™ Mastercard®. If you need to get approved and start using your card right away, check out the American Express Blue Business Cash™ Card. For flat-rate rewards, we recommend the Ink Business Unlimited Credit Card from Chase. And for businesses that do much international spending, Capital One Spark Cash Select for Business offers free foreign transactions.

Whether you go with one of our top picks or our honorable mentions, we hope you enjoy your affordable, no annual fee credit card.

Found a business credit card you want? Learn how to apply for a business credit card.

Get a better business bank account

Want affordable banking with great perks? With BlueVine, you can get a fee-free business checking account―and you can even earn interest on account balances over $1,000.

No-annual fee business credit card FAQ

What is the best business credit card to have with no annual fee?

The Ink Business Cash Credit Card from Chase is the best business credit card with no annual fee. It offers great rates on cash rewards, has competitive APR, gives you free employee cards, and has a nice welcome bonus―making it an all-around great card with no annual fee.

What is the best credit card for small businesses?

Chase’s Ink Business Cash Credit Card is our favorite credit for small businesses. For more details, check out our guide to the best small-business credit cards.

What are the easiest business credit cards to get approved for?

A secured business credit card, like the Wells Fargo Business Secured Credit Card, will be the easiest to get approved for. You can qualify for a secured card with poor credit history (or no credit history), as long as you have cash you can offer up as collateral.

What is the best rewards credit card for business?

The best rewards credit card for your business depends on what kind of rewards you prefer.

For cash back, we like Chase’s Ink Business Cash Credit Card. If you prefer points, we recommend the Blue Business® Plus Credit Card from American Express. And for miles, Capital One Spark Miles Select for Business is our top pick.

Look into our related topics like Best Cash Back Business Credit Cards, Zero Interest Business Credit Cards, Chase Small Business Loans, Business Acquisition Loans, Paypal Working Capital Loans, or How to Calculate Dividend Yield

Methodology

We looked at more than 40 credit cards to find business cards that don’t charge an annual fee (the first year or afterward). We then scored these cards on factors including APR ranges, other card fees, reward availability and rates, and more. We used the resulting scores to come up with our card rankings and reviews.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Business.org has partnered with CardRatings for our coverage of credit card products. Business.org and CardRatings may receive a commission from card issuers.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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