MoneyGeek's Take

Best Business Credit Cards for No Annual Fee in 2022

Using a no-annual-fee business rewards credit card gives you the ability to capitalize on your spending without paying to use the card. Certain rewards credit cards also offer higher reward/cash back rates on category-based spending.

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This article is part of our larger series on Best Business Credit Cards

Not having to pay an annual fee is ideal for business owners who aren’t looking for extensive features or perks from their rewards credit cards. Plus, some of the top no-annual-fee business rewards credit cards also come with sizable welcome bonus offers.

If your business expenses involve spending more across specific categories, such as gas or office supplies, you might benefit from credit cards that offer higher cash back/reward rates on category-based spending.

For companies whose employees travel internationally for business, consider looking at business cards that charge no foreign transaction fees. The Capital One Spark Cash Select is one such card, and the Citi Costco Anywhere Visa Business Card does away with this fee as well.

This article is part of our larger series on
Best Business Credit Cards

MoneyGeek's Take: Top 3 Business Rewards Cards with No Annual Fee

Quick Summary

The best business rewards credit cards with no annual fees include ones that offer flat earn rates as well as ones that let you earn higher rewards/cash back when you spend across specific categories. We accounted for this when selecting the top three cards in this category, and we also paid due attention to welcome offers, APRs, foreign transaction fees and added benefits. You’ll find more options by scrolling further down the page.


  • Capital One Spark Cash Select

    A great no-annual-fee business card with unlimited 1.5% cash back


    • Good-ExcellentCredit Needed
    • $0Annual Fee
    • 1.5% Cash BackRewards Rate
    • 1.5xRewards Rate on Gas
    • 1.5xRewards Rate on Groceries

    Terms, rates and fees apply

  • Chase Ink Business Unlimited

    A great business card with a flat, simple rewards structure and no annual fees.


    • Good-ExcellentCredit Needed
    • $0Annual Fee
    • 1.5% Cash BackRewards Rate
    • 1.5xRewards Rate on TV, Phone, Internet Services
    • 1.5xRewards Rate on Entertainment

    Terms, rates and fees apply

  • Citi Costco Anywhere Visa Business Card

    An excellent no-annual-fee rewards card for Costco members


    • ExcellentCredit Needed
    • $0Annual Fee
    • 1–4% Cash Back*Rewards Rate
    • 4xRewards Rate on Gas
    • 3xRewards Rate on Dining

    Terms, rates and fees apply

Summary of the Best Business Cards for No Annual Fee

Check out this no-annual-fee business rewards card comparison table to see how the best cards in this category fare across parameters such as who these cards might work best for, annual fees, reward rates and the credit required to apply.

  • Credit Card
    Best For
    Avg. Reward Rate
    Annual Fee
    Credit Needed
  • Capital One Spark Cash Select
    A great no-annual-fee business card with unlimited 1.5% cash back
    1.5% Cash Back
    $0
    Good-Excellent
  • Chase Ink Business Unlimited
    A great business card with a flat, simple rewards structure and no annual fees.
    1.5% Cash Back
    $0
    Good-Excellent
  • Citi Costco Anywhere Visa Business Card
    An excellent no-annual-fee rewards card for Costco members
    1–4% Cash Back*
    $0
    Excellent
  • Chase Ink Business Cash
    Fantastic card for earning rewards on office supplies
    1–5% Cash Back*
    $0
    Good-Excellent
  • American Express Blue Business® Cash Card
    A simple cash back rewards card that helps you avoid hassles
    1–2% Cash Back*
    $0
    Good-Excellent
  • American Express Blue Business® Plus Credit Card
    Great no-annual-fee card for earning rewards on business spending
    2 Miles per $1*
    $0
    Good-Excellent
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MONEYGEEK PRO TIP

Business credit cards are an excellent opportunity to double up on welcome bonuses and rewards with your favorite brands. You can generally combine the rewards earned from your personal and business credit cards to accelerate free travel, elite status and higher cash back redemptions. -- Lee Huffman, credit card expert at BaldThoughts.com.

About Our Rankings

MoneyGeek experts make it a point to examine all existing and new no-annual-fee business rewards credit cards each month. The in-depth comparison that follows considers factors such as APRs, reward/cash back rates, welcome offers, foreign transaction fees and additional benefits.

If you think you might benefit by using your personal credit card for business expenses, take a look at what the best cash back and rewards cards for consumers have to offer, as some of these come with no annual fees.

Top Rating Criteria for Business Cards

signupBonus
Welcome Offer
rewards
Overall Rewards Rate
lowInterestAPR
APR

How to Compare Business Credit Cards & Intro Offers

What one person regards as the best no-annual-fee business rewards credit card might not work equally well for another person. This is because these cards have multiple differences that target them to specific types of businesses. You’ll want to take your individual requirements into consideration before making a selection.

1

Rewards/cash back rate

Consider if you might benefit more by earning a flat rewards/cash back rate on all categories or higher earn rates on category-based spending. For instance, the Capital One Spark Cash Select Card and the Chase Ink Business Unlimited Card let you earn 1.5% cash back on all business purchases. On the other hand, the Citi Costco Anywhere Visa Business Card lets you earn up to 4% cash back on category-based spending. However, purchases that don’t fall under its bonus categories earn just 1% cash back.

2

Welcome offers

Most top no-annual-fee business rewards credit cards have time- and spend-based welcome offers for new cardholders. For example, the Capital One Spark Cash Select Card (for excellent credit) comes with an early spend bonus that lets you earn a one-time $500 cash bonus by spending $4,500 on purchases in the first three months. Some of these cards come with introductory time-based 0% APR offers on purchases.

3

APR

It is common for business rewards cards to come with higher APRs than business cards without rewards/cash back. As a result, if you plan to carry a balance on your card from one month to the next, consider looking at what low-interest cards for businesses have to offer.

4

Foreign transaction fees

If you or your employees travel outside of the U.S. for business-related purposes, getting a card with no foreign transaction fees might be in your best interest. With banks charging foreign transaction fees of up to 3%, eliminating these hidden charges can boost your bottom line. No-annual-fee business rewards credit cards that fit this bill include the Capital One Spark Cash Select Card and the Citi Costco Anywhere Visa Business Card.

5

Additional perks

Despite having no annual fees, you can expect card-specific features and benefits such as free employee cards, purchase protection, extended warranty, basic travel insurance coverage, roadside assistance and access to expense management tools.

Further Reading

About the Author


expert-profile

Rajiv Baniwal has been writing about different financial topics for over 15 years. Meticulous in his research, he makes sure he provides accurate and up-to-date information. His areas of expertise include mortgages, personal loans, credit cards, insurance and international money transfers.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.