8 min readRunning a small business comes with plenty of expenses, and if you're like most entrepreneurs, you're probably always on the lookout for ways to cut costs without sacrificing quality. That’s where a no annual fee business credit card can make a big difference. These cards offer solid rewards and perks without charging you a yearly fee, which means more savings for your business and more flexibility in how you manage your finances. Whether you're stocking up on supplies, paying for everyday expenses, or covering travel costs, a no-fee card helps you keep more money in your business while still enjoying the benefits of a good rewards program.
Why Choose a Business Credit Card with No Annual Fee
A business credit card with no annual fee is an excellent choice for businesses looking to minimize costs while still enjoying valuable benefits. Whether you're just starting out or simply want to avoid the expense of an annual fee, these cards can offer:
- Cost Savings: You don’t have to pay to keep the card year after year.
- Rewards and Perks: Even without an annual fee, these cards offer solid rewards programs, cash back, and travel perks.
- Expense Management: Many no annual fee cards provide tools to help track and manage business expenses effectively.
Best No Annual Fee Business Credit Cards for 2024
Here are the top no annual fee business credit cards for 2024, tailored to suit a variety of business needs:
1. Ink Business Unlimited® Credit Card
Best for Simple, Everyday Rewards
The Ink Business Unlimited® Credit Card offers a straightforward rewards system, making it easy for business owners to earn 1.5% cash back on every purchase, without worrying about bonus categories. Plus, with a 0% intro APR, it’s a great choice for businesses looking to finance initial expenses or consolidate balances.
Why It’s a Great Pick:
- Unlimited Cash Back: Earn 1.5% cash back on all purchases, no matter the category.
- Sign-Up Bonus: Earn $900 bonus cash after spending $6,000 in the first 3 months.
- 0% Intro APR: Enjoy 0% APR on purchases for 12 months, giving you breathing room to manage expenses (17.99% to 23.99% after the intro period; See Rates & Fees).
- No Annual Fee: You get all the perks without worrying about an annual fee.
Things to Keep in Mind:
- Flat Rewards Rate: While the 1.5% cash back is simple, there are no elevated rewards categories like travel or dining.
Real-Life Scenario: If you’re looking for an easy-to-use card with no annual fee and reliable cash back on all purchases, the Ink Business Unlimited® is a solid pick for any business.
Explore the Ink Business Unlimited® Credit Card
2. The American Express Blue Business Cash™ Card
Best for Straightforward Cash Back
If simplicity is your goal, the American Express Blue Business Cash™ Card offers a flat 2% cash back on purchases up to $50,000 per calendar year—ideal for businesses with predictable expenses. Plus, there’s no annual fee and a 0% intro APR for purchases.
Why It’s a Great Pick:
- 2% Cash Back: Earn 2% cash back on eligible purchases up to $50,000 per calendar year, then 1% after that.
- 0% Intro APR: Take advantage of 12 months of 0% intro APR on purchases from the date you open the account, helping you spread out large expenses (17.74% to 25.74% variable APR after the intro period; See Rates & Fees).
- No Annual Fee: Keep your rewards without the hassle of an annual fee.
- Terms apply
Things to Keep in Mind:
- Annual Spending Cap: The 2% cash back rate applies only up to $50,000 in annual purchases.
Real-Life Scenario: This card is great for businesses that want predictable cash back without juggling bonus categories, especially if you have steady, moderate spending.
Explore The American Express Blue Business Cash™ Card
3. The Blue Business® Plus Credit Card from American Express
Best for Earning Points on Everyday Purchases
For businesses looking to earn Membership Rewards® points, the Blue Business® Plus Credit Card is a fantastic option. With no annual fee and 2X points on up to $50,000 in purchases per year, this card gives you flexibility without extra costs.
Why It’s a Great Pick:
- 2X Points: Earn 2X Membership Rewards points on purchases up to $50,000 per year, then 1X after that.
- 0% Intro APR: Finance purchases with a 12-month 0% intro APR (17.99% to 25.99% variable APR after the intro period; See Rates & Fees).
- No Annual Fee: Earn rewards without an annual fee eating into your bottom line.
- Terms apply.
Things to Keep in Mind:
- Annual Spending Cap: The 2X points are capped at $50,000 annually, so larger spenders may want to look elsewhere.
Real-Life Scenario: If you value earning points and travel often, this card’s points-earning structure provides flexibility while keeping costs low.
Explore The Blue Business® Plus Credit Card from American Express
4. Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®
Best for Flexible Cash Rewards
The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® offers a solid 1.5% unlimited cash back on all purchases, with the chance to increase your rewards if you’re part of the Preferred Rewards for Business program. Plus, no annual fee makes it a great option for businesses seeking flexibility.
Why It’s a Great Pick:
- Unlimited 1.5% Cash Back: Earn 1.5% cash back on all purchases, or up to 2.62% if you qualify for the Preferred Rewards for Business Platinum Honors tier.
- $300 Sign-Up Bonus: Get a $300 online statement credit after spending $3,000 in the first 90 days.
- 0% Intro APR: Enjoy 0% APR for 9 months on purchases (18.49% to 28.49% variable APR after the intro period; See Rates & Fees).
- No Annual Fee: Enjoy the flexibility of rewards without paying an annual fee.
Things to Keep in Mind:
- Shorter Intro APR Period: The 0% APR only lasts for 9 months, shorter than other cards on this list.
Real-Life Scenario: If you’re already a Bank of America customer, this card’s enhanced rewards program makes it especially rewarding, and no annual fee makes it easy to keep in your wallet.
Explore the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®
5. Ink Business Cash® Credit Card
Best for Office Supplies and Utilities
The Ink Business Cash® Credit Card is perfect for businesses that spend heavily on office supplies, internet, and utilities. With no annual fee and 5% cash back on these purchases, it’s designed to help you get the most out of your business expenses.
Why It’s a Great Pick:
- Generous Cash Back: Earn 5% cash back on the first $25,000 spent at office supply stores and on internet, cable, and phone services each year. Plus, 2% cash back on gas stations and restaurants, and 1% back on all other purchases.
- Sign-Up Bonus: Earn up to $750 after meeting spending requirements—$350 after spending $3,000 in the first 3 months and another $400 after spending $6,000 in 6 months.
- No Annual Fee: Keep your rewards and avoid paying an annual fee (See Rates & Fees).
- 0% Intro APR: Enjoy 0% APR on purchases for 12 months (17.99% - 23.99% after intro period)
Things to Keep in Mind:
- Spending Caps: The 5% and 2% cash back rates are capped at $25,000 per year, so higher spenders may find these limits restrictive.
Real-Life Scenario: If your business spends heavily on office supplies or utilities, the Ink Business Cash® Credit Card helps you maximize your savings while offering a 0% intro APR for 12 months.
Explore the Ink Business Cash® Credit Card
How to Select the Right No Annual Fee Business Credit Card
Choosing the right no annual fee card depends on your business’s unique spending habits. Here are a few things to consider:
- Spending Categories: Identify where your business spends the most and choose a card that offers rewards in those areas.
- Introductory Offers: If you need to finance purchases or consolidate balances, look for cards with a 0% APR intro period.
- Ongoing Rewards: Pick a card that offers cash back or points that align with your business’s regular expenses.
- Additional Benefits: Look for perks such as employee cards, expense tracking tools, and access to customer service.
Benefits of No Annual Fee Business Credit Cards
Business credit cards with no annual fees offer several benefits that can help small businesses and startups save money while still enjoying rewards and perks. Here’s why these cards are a smart choice:
- Cost Savings: Since there’s no annual fee, you can keep more of your rewards without worrying about paying for card maintenance.
- Access to Rewards: Even without an annual fee, many of these cards still offer cashback, points, or miles, which can add up quickly depending on your business spending.
- Flexibility: No annual fee means that you can use the card as needed without feeling pressured to earn enough rewards to justify a yearly cost.
- Business Tools: Many no annual fee business cards come with expense tracking, employee cards, and other tools to help manage your business finances.
- Improved Cash Flow: With 0% APR intro offers, you can finance large purchases or pay off existing balances while maintaining control over your cash flow.
Potential Drawbacks to Consider
While no annual fee business credit cards offer several benefits, there are a few potential drawbacks to keep in mind:
- Lower Rewards Rates: Some no annual fee cards may offer lower rewards rates compared to premium cards with annual fees. If your business spends heavily in specific categories, a card with an annual fee might offer more significant rewards.
- Limited Perks: No annual fee cards often lack premium travel perks such as lounge access, travel credits, or concierge services, which are typically found in cards with annual fees.
- Lower Credit Limits: Some no annual fee cards may have lower credit limits, making them less suitable for businesses with large expenditures.
- Fewer Premium Benefits: While these cards offer good value, businesses seeking top-tier benefits like travel insurance, extended warranties, or purchase protections might need to consider premium cards with annual fees.
Tips for Maximizing Your No Annual Fee Business Credit Card
To get the most out of your no annual fee business credit card, follow these actionable tips:
- Align Spending with Rewards: Take advantage of your card’s rewards categories. If your card offers higher cashback on office supplies or gas, make sure those purchases are going on your business card.
- Pay Off Balances in Full: To avoid interest charges, always pay off your balance in full each month. Even with a 0% intro APR period, it’s smart to create a repayment plan before the intro period ends.
- Utilize Card Perks: Make sure to take full advantage of additional perks such as employee cards, expense tracking tools, and purchase protections.
- Review Card Benefits Regularly: As your business grows, your financial needs might change. Regularly review your card’s benefits to ensure it’s still the best fit for your business.
- Take Advantage of Sign-Up Bonuses: Many no annual fee business cards offer substantial sign-up bonuses. Be sure to meet the required spending thresholds to earn these bonuses.
Bottom line
At the end of the day, no annual fee business credit cards are a great way to keep costs low while still getting something back on every purchase. Whether you're looking for a simple way to earn cash back, track business expenses, or take advantage of 0% intro APR offers, these cards offer a lot of value without eating into your budget. Just make sure you choose a card that fits your spending habits and business needs so you can maximize the rewards while avoiding unnecessary fees or interest charges down the road.
