Credit Cards

4 Small Business Rewards Credit Cards With No Annual Fees

Comments 0 Comments

In honor of National Small Business Week, I’ve selected four business credit cards that offer some really good rewards. And since these cards don’t have annual fees, you get to keep all the rewards you earn. Now, that’s a pretty sweet deal.

Just a quick reminder before we dive in: Business credit cards are not covered by the Credit CARD Act of 2009, which prevents sudden rate increases among other needed consumer protections. So just be careful. Try not to carry a balance and pay attention to any mail you receive from your issuer.

Okay, so here we go. Four business cards that help you save money on businesses expenses:

Ink Cash Business Card

Chase has several cards with the Ink brand. They’re all pretty good cards but I like the cash rewards and low APR associated with this one. After your first purchase, you get $100 cash back. Spend $5,000 within the first three months and you get an additional $150 cash back bonus. So you can earn up to a $250 cash back bonus. Not bad, huh?

The rewards program is generous, but it’s tiered. You get 5 percent cash back on the first $25,000 spent annually at office supply stores and on cellular phone, landline, Internet, and cable TV services. You get 2 percent cash back on the first $25,000 spent annually at gas stations and restaurants. And you get 1 percent cash back on all other purchases.

Other perks: Free employee cards and access to excellent management reporting tools.

Annual fee: None

APR: You get a zero percent intro APR for 12 months. After that, you get a 10.24 percent variable APR.

Foreign transaction fees: 3 percent

SimplyCash Business Card from American Express OPEN

There’s no sign-up bonus, but you get some great rewards with this card. You get 5 percent cash back on wireless services and office supply purchases and 3 percent cash back on gas purchases.

Plus, you get 1 percent cash back on all other purchases. There’s no limit to the amount of cash back you can earn. You’ll automatically receive your cash back as a statement credit each month.

Other perks: Save up to 10 percent on business expenses via OPEN Savings, excellent purchase protections, and access to online expense management tools.

Annual fee: None

APR: You get a zero percent intro APR for up to 12 months. After that, you get either a 12.24 percent, 17.24 percent, or 19.24 percent variable APR.

Foreign transaction fees: 2.7 percent

Capital One Spark Miles Select for Business

You know what I like about Capital One’s rewards programs? They’re simple to understand. With this card, you get one mile per dollar spent on every purchase. Plus, you get a 50 percent bonus on the miles you earn every year. There’s no limit to the amount of miles you can earn and miles don’t expire.

Other perks: Employee cards at no additional cost, access to excellent management reporting tools, and the option to customize your card design to promote your business.

Annual fee: None

APR: You get 0% intro APR on purchases until October 2013. After that, you get a variable APR of 14.9 percent, 17.9 percent or 19.9 percent.

Foreign transaction fees: None

CitiBusiness ThankYou Card

This is a new card and it has a lot to offer small business owners, starting with the sign-up bonus. After you make $3,000 in purchases within the first three months, you earn 15,000 bonus points, which is enough for $150 in gift cards.

Rewards: You get rotating categories where you get 3 ThankYou points for every dollar you spend. The category through June 2012 is computer equipment merchants, advertising services and professional services.  Other categories throughout the year include office supply merchants, airlines, restaurants and more. You get one ThankYou for every dollar spent on all other purchases.

Other perks: Excellent management reporting tools and anniversary ThankYou point bonuses.

Annual fee: None

APR: You get a zero percent intro APR for six months. After that, you get a 13.24 percent variable APR.

Foreign transaction fees: 3 percent

At publishing time, the Ink Cash Business Card, SimplyCash Business Card from American Express OPEN and CitiBusiness ThankYou Card are offered on Credit.com product pages and Credit.com may be compensated if our users apply for and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay connected to our experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.