{"id":223315,"date":"2019-07-29T13:37:31","date_gmt":"2019-07-29T12:37:31","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=223315"},"modified":"2023-11-07T13:08:25","modified_gmt":"2023-11-07T13:08:25","slug":"business-credit-cards-no-annual-fee","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-credit-cards\/business-credit-cards-no-annual-fee","title":{"rendered":"Compare business credit cards with no annual fee"},"content":{"rendered":"

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.<\/p><\/div><\/article>

How do no annual fee business cards work?<\/h3>

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\u2019t qualify for purchase protection in the same way as with a personal card.)<\/p>

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\u2019re waiting for that outstanding invoice to be paid. <\/p>

Here\u2019s 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.<\/p>

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\u2019ll have benefited from almost two months of interest-free credit on that purchase. You\u2019ll usually pay less than you would with a business overdraft, too.<\/p>

However, if you only make the minimum payment or otherwise pay off less than the full balance, you\u2019ll be charged interest at the card\u2019s standard rate.<\/p>

What features do I need to consider?<\/h3>

Here are the main features to consider when comparing no-fee business credit cards.<\/p>