Enter your business details to see what each option would cost you. Prices are live from our database and shown in US dollars.
No annual fee is an easy claim for a business credit card page to make and a weak one to compare on, because bank issuers and corporate card vendors both sell cards with nothing charged for the card itself. What separates them is what you pay anyway: software per cardholder, the fee on foreign purchases, and interest if you carry a balance. This page reads those on the cards that charge no annual fee, and flags the one shape that looks like no annual fee and is not.
What a no annual fee business credit card still costs you
The picks above are listed alphabetically, not ranked, and commission does not affect which cards appear. The cards with no annual fee in our table are Airwallex Corporate Card, American Express Blue Business Cash, American Express Blue Business Plus, Bank of America Business Advantage Unlimited Cash Rewards, Bank of America Business Advantage Unlimited Cash Rewards Secured, BILL, Capital One Spark Cash Select, Chase Ink Business Cash, Chase Ink Business Unlimited, Corpay, Emburse, Grasshopper x Mercantile Business Card, Mercury IO, Ramp, Relay Visa Credit Card, Rho, Rippling Corporate Card, Slash Platinum Card, U.S. Bank Business Shield, U.S. Bank Triple Cash Rewards and Wells Fargo. Two of those extend no credit at all: the Airwallex Corporate Card is Debit (spends your balance) and Emburse is Prepaid, so both spend money already held rather than lend it.
The bank-issued cards among them carry no software price; Chase Ink Business Unlimited's software line is No software plan. Some corporate cards charge per user above a free plan, and that is where a no annual fee card acquires a monthly bill: Ramp's software is Free, or from $15/user + platform fee (Plus), the Airwallex Corporate Card's Free up to 10 users, then $12/user + platform fee (Grow) and Emburse's $8 or $12/user, min 15, billed for a minimum headcount whether or not you have it. Others publish no per-user price: Rho's software is Free, BILL's Free and the Relay Visa Credit Card's Free, with no paid tier, while the Rippling Corporate Card's is Not published at source because its spend software sits on a platform priced by quote.
Enter your real cardholder count; the estimate at the top of each column adds the software for your team. The full business credit card guide explains how each corporate card's free tier is capped.
The foreign transaction fee and interest on a no annual fee card
The foreign transaction fee is a cost the annual fee never shows, and the bank cards named here publish it as a plain rate or a plain none. Chase Ink Business Unlimited charges 3%, American Express Blue Business Cash 2.7% and Wells Fargo Signify Business Cash 3%. Capital One Spark Cash Select charges None. Some corporate cards publish a ceiling instead of a rate: Brex charges Up to 3% and Mercury IO Up to 3%, and the calculator charges the ceiling on whatever foreign spend you enter. Ramp needs a closer read: its comparison page lists no foreign transaction fee, but its card terms charge a currency conversion fee on foreign spend, which the table shows as Up to 3% and costs at the ceiling.
Interest is the cost the table shows and never adds. A revolving card publishes a purchase rate range, and where you land in it is the issuer's decision from your credit: Chase Ink Business Unlimited publishes 16.74% to 24.74% and American Express Blue Business Cash 16.99% to 28.74%. Several of the bank cards open with an introductory rate for a stated period: Chase Ink Business Unlimited opens with 0% for 12 months and Capital One Spark Cash Select with 0% for 9 months, and the cards that publish one are American Express Blue Business Cash, American Express Blue Business Plus, Bank of America Business Advantage Unlimited Cash Rewards, Capital One Spark Cash Select, Chase Ink Business Cash, Chase Ink Business Unlimited, U.S. Bank Business Shield, U.S. Bank Triple Cash Rewards and Wells Fargo. A charge card such as Rho has no rate to publish, because the balance is paid in full each cycle. If you will carry a balance, interest can cost more than the fee you avoided, and a card that charges no fee is not automatically the lower-cost card for you.
A waived first year is not a no annual fee business credit card
Capital One Spark Cash charges an annual fee of $95 ($0 first year). The fee is real from the second year, so our table records the ongoing figure and the No annual fee chip excludes the card, even though a first-year comparison would show nothing charged. The cards that charge a fee every year sit in the same table: Chase Ink Business Preferred charges $95, Capital One Spark Cash Plus $150 and Chase Sapphire Reserve for Business $795. Brex's annual fee is Not published at source, and the chip treats that as not passing rather than as free. Rewards are shown where the issuer publishes them and never subtracted from the fees, because what a card pays back depends entirely on where the money is spent.
No annual fee and no personal guarantee are separate questions on a business credit card
Searchers often run the two together, and the issuers do not. Chase Ink Business Unlimited has no annual fee and states Personal guarantee required; Rho has no annual fee and states No personal guarantee, with a minimum to apply of None on daily terms. Capital One Spark Cash Select's answer on the guarantee is Not published at source, which is neither. A card can be free and still make the owner liable for the balance, so if the guarantee is what you are avoiding, read our guide to business credit cards with no personal guarantee, and if you are choosing on behalf of a registered company, the guide to business credit cards for LLCs sets out what each issuer asks of the owner. Approval and the limit are the issuer's decision on every card here, and a card charging no annual fee changes neither.