In this post, I will give you a list of 10 best credit cards with no annual fee 2020. A credit card is an important support for businesses and individuals in any society. Also, Credit cards help businesses that are yet to develop a high business credit profile to get a corporate credit card. Credit cards also will enable you to build a credit history. The card will not only give you cash but also save money for you in cash backs.
There are premium cards that collect annual fees and some do not. And these cards which do not charge annual fees, but charge low rates yet, they are among the best cards that you can get due to their spectacular features. This post will analyze 10 of these credit cards with no annual fee for 2020. Let us start now.
List of credit cards with no annual fee
Ink Business Unlimited Credit Card
This credit card is the first in this list of credit cards with no annual fee. This card is from Chase bank and it is perfect for those that are not sure whether you will use the card that much. You don’t pay an annual fee yet you get a bonus of $500 cash back.
To get it, you need to spend $3,000 on purchases in the first 3 months after opening the account. Also, you will receive unlimited 1.5% cash back rewards on every purchase you make for your business thereafter.
Bank of America Business Advantage Travel Rewards World Mastercard
This card is the best for business travel and it rewards you without annual fees. You can earn 25,000 bonus points when you spend $1,000 in total purchases in 60 days after opening your account.
Also, you can redeem this reward by a $250 statement credit towards travel spending and earn unlimited 1.5 points on every $1 spent on purchases everywhere. Besides, you can earn 3 points per dollar spent on travel purchases. The APR is low at 12.99%.
Brex Corporate Card for Startups
This card is the best credit card for business startups and early-stage companies with funding but no profits, and whose promoters do not want to put personal credit ratings at risk.
This card does not need a credit check or a personal guarantee. Also, you get an immediate credit line upon sign up. It is for liquid startups, and the restricted reward program is for companies that meet the required qualities.
United Explorer Business Card
This card is best for United Airlines Rewards. It is for business owners who are faithful United Airlines customers. You will earn 2x miles on all United airlines spending. Also, this card earns bonus rewards on restaurants, gas stations, and office supply spending. And the continuous APR is 17.74%, which is two percentage points above usual card charges. And it does not charge an annual fee for the first year.
American Express Blue Business Cash
This card is the best with 2% cash back and no Annual fee card from the American Express bank. Also, this card is for businesses that want to earn 2% cash back on all they buy up to $50,000 per year. And 1% cash back automatically paid into their statement without paying an annual fee. The continuing APR is 14.74%, which is two percentage points below the average.
Discover it Business Card
The card is the best business credit card for cash back without any fee. And it is recommended for Businesses that spend heavily in the first year. You can increase impressive rewards with the 1-for-1 matching cash back intro offer. Besides, it has a good 1.5% cash back rewards on all the amounts you spend and double cash back for the first year you use the card. The problem with this card is that you must give the bank a personal guarantee. Also, it has no travel benefits and bonus spending plans to increase your rewards.
Chase Freedom Unlimited
This card is best for everyday spending and part of the credit cards with no annual fee. So, if you have not been using credit cards before, you can start with this card. It comes with a benefit of an unlimited 1.5% cash back on all your purchases.
It also has an introductory bonus of $150. The card lets you earn this amount after you spend $500 in 3 months after opening your account. The annual fee is zero and the APR is zero for 15 months on purchase and balance transfers. The con is that APR is between 16.74 % – 25.49% thereafter.
Blue cash Everyday Card for American Express
Blue cash Everyday Card for American Express gives you a lot of ease daily. The rewards include 3% cash back at the US supermarkets of up to $6,000 per year, and then 1% later. You also get 2% cash back at US gas stations and chosen US departmental stores and 1% cash back on other purchases.
Besides, there is a zero APR for 15 months and later variable APR is 14.49% to 25.49%. And you are eligible to earn $150 statement credit after a spending of $1,000 on your new credit card in the first 3 months. And there is no annual fee.
Capital One Quick Silver Cash Rewards Credit Card
This is another card in this list of credit cards with no annual fee. This card is for new cardholders and it offers 1.5 % cash back on every purchase you make daily. It also has an introductory bonus of $150. The card lets you earn this amount after you spend $500 in 3 months after opening your account. There is zero APR for 15 months and later the variable APR is 15.74 -25.74%. And there is no annual fee.
American Express cash magnet card
This is the last card in this list of credit cards with no annual fee. With this card, you have unlimited cash back on your purchases of up to 1.5%. There is also an introductory bonus of $150 statement credit after using your account for 3 months and making purchases of up to $1,000. And a zero APR for 15 months on purchase and balance transfers then variable APR of 14.49% to 25.49% later. There is no annual fee for this card. And you can redeem cash back easily for statement credits, gift cards and merchandise.
Conclusion
In this article, I listed 10 best credit cards with no annual fee 2020. Each card has features. But what they have in common is that they are cards that enable you to create a better business, or live well by gaining access to credit and cash back which is the lifeblood of any economy. Use the credit card well to create valuable businesses and admirable lifestyles.
