Small-business owners can greatly benefit from using a rewards credit card. These cards provide an opportunity to earn extra points for travel or cash back on business expenses. Banks are currently offering generous welcome offers to attract new customers. In this article, we will explore the best no-annual-fee business rewards credit cards, comparing the welcome offers, key features, and ongoing perks of each card.
It’s important to note that while many popular business credit cards charge an annual fee, there are some exceptional cards that do not. If your business spends less than $20,000 a year, it may not be worth paying an annual fee of $100 or more. It would take a significant amount of spending to offset the cost of the fee with rewards.
However, there are several no-annual-fee cards that offer welcome offers as high as 75,000 points or $750 cash back. These cards also provide lucrative bonus categories for specific types of spending as well as excellent rewards for everyday expenses. With these offers, it’s highly likely that one of these no-annual-fee cards can help maximize your rewards.
Additionally, many business owners may qualify for a business credit card without realizing it. It’s worth exploring this option to take advantage of the benefits.
The Ink Business Cash® Credit Card is one of the top choices for a no-annual-fee business credit card. It offers a welcome bonus of $900 cash back after spending $6,000 on purchases within the first three months of opening the account. The card earns 5% cash back on a select range of business expenses, such as office supplies, internet, cable, and phone services, up to $25,000 spent each year. It also earns 2% cash back at gas stations and restaurants and 1% cash back on all other purchases. With round-the-clock monitoring and zero liability for unauthorized charges, this card provides peace of mind. There is also the option to redeem rewards for cash back, gift cards, travel, and more through Chase Ultimate Rewards®.
The Ink Business Unlimited® Credit Card is another great option for a no-annual-fee business credit card. It offers a welcome bonus of $900 cash back after spending $6,000 on purchases within the first three months of opening the account. The card earns unlimited 1.5% cash back on every purchase made for the business. Like the Ink Business Cash® Credit Card, it also provides round-the-clock monitoring and zero liability for unauthorized charges. Rewards can be redeemed for cash back, gift cards, travel, and more through Chase Ultimate Rewards®.
The Blue Business® Plus Credit Card from American Express is an excellent choice for non-bonus business expenses. It offers a 0.0% introductory APR on purchases for 12 months, followed by a variable rate based on creditworthiness. The card earns 2X Membership Rewards points for every $1 spent, up to the first $50,000 per year, and 1X point per dollar thereafter. These points can be transferred to travel partners without the need to hold other cards. This card is also ideal for financing capital purchases with its low-cost introductory APR offer.
In summary, small-business owners have several attractive options when it comes to no-annual-fee business rewards credit cards. The Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card, and the Blue Business® Plus Credit Card from American Express offer generous welcome offers, competitive rewards earning rates, and valuable perks. By choosing the right card for your business, you can maximize your rewards and enjoy the benefits of a business credit card without paying an annual fee.
