The 6 Best Business Credit Cards With No Annual Fee [September 2023]

In this article, we’ll walk you through all of the best business credit cards with no annual fee, perfect for businesses that want to keep their recurring costs reduced. Let’s get right into it!

Top Picks (Quick Summary)

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1. Ink Business Unlimited^® Credit Card (LOW Intro APR)

The Ink Business Unlimited card offers outsized returns on all purchases without compromising on the flexibility of your rewards.

The biggest selling point of this card is the unlimited 1.5% cash-back on business purchases with no caps. That means you don’t need to worry about bonus categories, caps on earnings, and blackout dates.

In addition, you can earn 5% cash-back on Lyft purchases through March 31, 2025.

This credit card covers you with purchase protection, extended warranty, primary car rental insurance, roadside assistance, zero liability fraud protection, and employee cards for no additional fees. Don’t forget the card has a 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter.

But one of the most important attributes of this card is that if you have the right credit card pairing, you can convert your cash-back to valuable Ultimate Rewards points at a 1% to 1x ratio.

2. Ink Business Cash^® Credit Card (LOW Intro APR)

Another great business credit card with no annual fee is the Ink Business Cash card, which is a fellow member of the family of Ink credit cards issued by Chase.

The major difference between the Ink Business Cash card and the Ink Business Unlimited card is in the earning structure:

• Earn 5% cash-back at office supply stores and on internet, cable, and phone services on the first $25,000 spent in combined purchases each account anniversary year
• Earn 5% cash-back on Lyft purchases through March 31, 2025
• Earn 2% cash-back at gas stations and restaurants on the first $25,000 spent in combined purchases each account anniversary year
• Earn 1% cash-back on other purchases

As a reminder, these rewards can be converted to Ultimate Rewards points if you have an Ultimate Rewards card like the Chase Sapphire Preferred card or Ink Business Preferred card.

That will transform your 1%, 2%, or 5% cash-back into 1x, 2x, or 5x points, respectively. That means you’ll max out at a 10% return on spending!

Just like the Ink Business Unlimited card, you’ll get benefits like primary car rental coverage, purchase protection, extended warranty, zero liability protection, fee-free employee cards, and roadside assistance.

3. The Blue Business^® Plus Credit Card from American Express

With the Amex Blue Business Plus card you can get 2x Membership Rewards points per dollar on everyday purchases for your business, up to $50,000 per calendar year. Beyond that, earn 1x points.

The Amex Blue Business Plus card gets you access to the Membership Rewards program, which is worth noting because getting access to a transferable program without having to pay an annual fee (rates and fees) is rare.

Also, you’ll get access to Amex Offers, purchase protection, extended warranty, secondary rental car insurance, and employee cards for no additional annual fee (rates and fees).

4. The American Express Blue Business Cash™ Card

The Amex Blue Business Cash card is the only featured credit card that strictly focuses on cash-back.

The Ink Business Unlimited card and Ink Business Cash card both earn rewards that can be converted to transferrable points, whereas the Amex Blue Business Cash card earns only cash-back.

This card could be a great choice if you don’t need (or want) to earn travel rewards.

Then, earn 2% cash-back on everyday business purchases, up to $50,000 per year. After that, earn 1% cash-back on other purchases.

The cash-back is automatically credited to your statement every billing cycle, so you don’t actually even need to worry about redeeming your rewards.

The Amex Blue Business Cash card also includes a benefit known as Expanded Buying Power, which gives you the ability to spend beyond your credit limit to get business done.

There’s also purchase protection, extended warranty, secondary rental car insurance, and fee-free employee cards (rates and fees).

5. Capital One Spark Cash Select for Excellent Credit

The last card we’ll be discussing is the Capital One Spark Cash Select card. Currently, this lovely card offers a welcome bonus, which will accelerate the rewards you initially earn.

Also, you are eligible to get up to 5% cash-back on purchases:

• 5% cash-back on hotels and rental cars booked through Capital One Travel
• 1.5% cash-back on other purchases

Additionally, you can get access to no foreign transaction fees, and employee cards at no additional cost.

6. Capital One Spark Miles Select for Business

The Capital One Spark Miles Select card is packed with value and doesn’t have an annual fee.

You’ll earn up to 5x Capital One miles on purchases:

• 5x Capital One miles on hotels and rental cars booked via Capital One Travel
• 1.5x Capital One miles on other purchases

This is one of the few cards where you can access a full list of transfer partnerships without paying an annual fee.

Beyond that, there are no foreign transaction fees, and employee cards for no additional annual fee.

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The information regarding the Capital One Spark Cash Plus Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Spark Miles Select for Business was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of The American Express Blue Business Cash™ Card, click here.
For rates and fees of The Blue Business^® Plus Credit Card from American Express, click here.