Compare business credit cards with no annual fee

A business credit card with no annual fee is likely to appeal to startup founders. You might not get all those appealing perks, but you'll enjoy greater flexibility and spending power.

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Finder Score Purchases Annual/monthly fees Initial credit limits Representative APR Incentive
8.5Great
34.96%
£0
Min. limit £1,000, max. limit £250,000.
34.96% APR (variable)
Earn uncapped 1% cashback on all card spending and redeem points against your balance, for cash, for gift cards and more. T&Cs apply.
Representative example: When you spend £1,200 at a purchase rate of 34.96% (variable) p.a., your representative rate is 34.96% APR (variable).
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Funding Circle Business Cashback Card image
9.8Excellent
Funding Circle Business Cashback Card
Cashback
9.8Excellent
34.9%
£0
Min. limit not specified, max. limit £250,000.
34.9% APR (variable)
1% cashback on all business spend
Representative Example: The standard interest rate on purchases is 34.9% pa. (variable), so if you borrow £1,200 the Representative APR will be 34.9% APR (variable)
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Metro Bank Business credit card (only available to existing business customers) image
5.8Standard
Metro Bank Business credit card (only available to existing business customers)
5.8Standard
17.44%
£0
Min. limit £500, max. limit not specified.
18.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 17.44% (variable) p.a., your representative rate is 18.9% APR (variable).
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Barclaycard Select Cashback Business Credit Card image
8.4Great
Barclaycard Select Cashback Business Credit Card
Cashback
8.4Great
25.5%
£0
Min. limit £1,000, max. limit not specified.
25.5% APR (variable)
Standard Cashback T&Cs apply. 1% cashback on all eligible business spend of £2,000 or more per statement month. Your credit limit and available balance may impact your ability to earn cashback. The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered.
Representative example: When you spend £1,200 at a purchase rate of 25.5% (variable) p.a., your representative rate is 25.5% APR (variable).
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Zempler Business Credit Card Mastercard image
5.7Standard
Zempler Business Credit Card Mastercard
5.7Standard
29.94%
£0
Min. limit £100, max. limit £3,000.
29.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).
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Funding Circle FlexiPay Business Credit Card image
5.8Standard
Funding Circle FlexiPay Business Credit Card
5.8Standard
0%
£0
Min. limit £1,000, max. limit £250,000.
38% APR (variable)
0% interest, no annual fees, spread payments over 1, 3, 6, 9 or 12 months.
Representative example: If you spend £1,200 with a fee of 4.9%, your representative rate is 38.0% APR.
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Debite corporate card image
8.2Great
Debite corporate card
8.2Great
N/A (this product is a charge card).
£0
Min. limit not specified, max. limit £250,000.
N/A (this product is a charge card).
Earn 4% cashback for the first 3 months on card spending. Cashback is credited to your account after 30 days. Cashback is capped at £1,000 a month.
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Juni Business Card (only for ecommerce companies) image
7.4Great
Juni Business Card (only for ecommerce companies)
Cashback
7.4Great
N/A (this product is a charge card).
£0
Min. limit £10,000, max. limit £2,000,000.
N/A (this product is a charge card).
Made for ecommerce companies only. Earn up to 1% cashback on all eligible Juni card spend.
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Silvey Fleet fuel card image
5.5Standard
Silvey Fleet fuel card
5.5Standard
N/A (this product is a charge card).
£0
Min. limit not specified, max. limit not specified.
N/A (this product is a charge card).
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Finder Score for credit cards

To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.

Read the full methodology

Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Defaqto.

How do no annual fee business cards work?

Some business owners may find it easier to be approved for a no-fee business credit card than for a standard card. Most of the features are the same as any other business credit card. Your eligibility and credit limit are based on your business credit score, and your business is liable for debts incurred. (Bear in mind that transactions made with a business credit card don’t qualify for purchase protection in the same way as with a personal card.)

Two of the main purposes of having a business credit card are managing your cash flow and earning rewards, bonuses and perks. Business credit cards with no annual fee also tend to come with fewer perks; but they can still give you the flexibility to spend money when you need to, even if you’re waiting for that outstanding invoice to be paid.

Here’s how: provided you clear your balance in full each month, almost all credit cards offer up to 55 or 56 days interest-free each billing cycle.

Say you buy some new equipment for your office at the start of the month, then at the end of the month receive your statement and bill. If you pay off the full balance within the timeframe specified on the statement (typically up to 30 days), you’ll have benefited from almost two months of interest-free credit on that purchase. You’ll usually pay less than you would with a business overdraft, too.

However, if you only make the minimum payment or otherwise pay off less than the full balance, you’ll be charged interest at the card’s standard rate.

What features do I need to consider?

Here are the main features to consider when comparing no-fee business credit cards.

  • Interest rate. This determines how much interest you’ll pay each month on outstanding balances. If you’re planning to pay off your balance in full each month, you’ll pay no interest, so the interest rate will be less of a concern.
  • Eligibility. Different cards will have different criteria, such as the number of years you’ve been trading, your turnover or the number of staff you have.
  • Additional cardholders. With most business credit cards, you’ll be able to supply additional cards to employees, but check the relevant terms and conditions: some card providers will charge a fee for this, while others have useful features, such as the ability to set different credit limits for different cards.
  • Other fees. There might not be a fee just for having the card, but will you be charged for non-sterling transactions or cash advances?
  • Perks and bonuses. It’s relatively unusual to find business credit cards with rewards and no annual fee; so if you find a fee-free card that offers something you’d genuinely benefit from, it’s worth giving it serious consideration.
  • Reporting tools. Some business credit cards come with apps and interfaces to help you track where your money’s going.

Is it ever worth paying an annual fee?

Many fee-charging business credit cards allow you to access bonuses that can save you more money than you spend on the fee, or at least make paying the fee seem worth it.

These perks can include the following:

  • Cashback. A percentage of your spending is added back to your card as credit.
  • Reward points. Some cards earn you points every time you spend, which can be redeemed with selected retailers.
  • Air miles. This is a reward points system that allows you to claim discounts or free flights with certain airlines. This could be particularly lucrative if you do a lot of business travelling.
  • Airport lounge access. Cardholders can relax in luxury in specific VIP airport lounges while they wait for their flights, at no extra cost to them.
  • Complimentary insurance. Many business credit cards include, for example, complimentary travel insurance. Check whether it provides the cover you need before relying on it when you travel.
  • Expense tracking systems. Some cards make it easy to track your expenses by providing detailed analytical software.

If you’re planning to use your business credit card frequently, it might make sense to pay a fee to access one or more of these perks. On the other hand, if you’re only planning to use your card for emergencies, or when extra credit is required, a no-fee option will almost certainly be more suitable.

Ultimately, you need to calculate whether the value of the rewards on offer will outweigh the cost of the annual fee.

Also consider whether and when you’ll actually have to pay the fee. If you get a business credit card from American Express, for example, you may find that the annual fee is waived in the first year; and you’re not obliged to keep the card for any given length of time. In fact, when you phone up to cancel a card, it’s not unheard of for the issuer to offer to waive the annual fee if it means retaining your custom.

Frequently asked questions

Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 502 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
  • Share trading
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