Business Credit Cards With Cash Back and No Annual Fee

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Last updated on January 7, 2016 Views: 547 Comments: 7

In 2007, I plan on creating an official business entity (LLC) to handle any income not coming to me from my day-job employer. As I do more work online, I’m dealing with more expenses, so I’m going to look into getting a business credit card. Having a card with no annual fee is important to me, while interest rate is not. My business expenses should remain well below income, but as a Type B credit card user, I make the most of the grace period. So here are my best options:

Discover Business Card
Discover® Business Card
APR: 12.99%
Introductory APR: 0% for 12 months
Annual Fee: $0

This card offers 5% cash back on office supplies, 2% back on gas, and 1% back on everything else. This is probably my first choice card.

Here’s one more card to round out the collection.

Chase Business Rebate Visa CardChase Business Rebate Visa Card
APR: 14.24%
Introductory APR: 0% for 12 months on purchases and balance transfers
Annual Fee: $0

If you entertain clients, which I do not, this may be a good choice for your small business. Here you get 3% cash back on purchases at restaurants, gas stations, office supply stores, building supply stores, and hardware and home improvement stores. Everywhere else, the card offers 1% cash back.

In some cases, the best solution may be a combination of cards. For example, I might use the Chase card when paying for dining out and filling up the tank, the Discover® Card for office supplies, and either for everyday purchases.

Article comments

7 comments
Anonymous says:

I would go forDiscover Business card. There cash rewards are not supposed to expire. But do you spend that much on office supplies?

Luke Landes says:

Nagel: That’s tricky. At least you were able to catch the change before they started.

Anonymous says:

Thanks for the information. I will be needing a new credit card soon because my current one is going to start to charge interest from the day of purchase.