The content is accurate at the time of publication and is subject to change.

Business credit cards that carry no annual fee have numerous advantages. These are great option for entertainment, shopping, or travel. However, one must check carefully and read the terms and conditions and find various options that could be given for free.

Applying for a business credit card has become very simple these days. Business credit cards are issued by all banks. At least 75% of them are small business owners who have a fixed number of employees. The buying power of these businesses through the application of these cards makes it convenient and makes buying much more powerful. Hence a business card with no annual fee is an added bonus point for these small businesses.

These days credit cards are fairly simplified and have several features with added benefits. These cards are used for all kinds of transactions. Most cards are offered without any fee at the time of applying, and this is definitely a good opportunity to do business in a unique manner. The special benefits and features such as reward points are of great significance for these cardholders.

Why no annual fee?

Card companies are scrambling to get customers to use their cards to do business. They come up with various offers to entice customers. Due to the cutthroat competition, the no fee credit cards have been introduced by the banks where cards are offered to potential customers without any annual fee. Normally, the business cards issued by the banks which say 'no annual fee' don't have any hidden charges. The features are the same as that of other cards. In fact, even balance transfers can be done on these no fee credit cards. Due to these reasons the business card has become immensely popular.

So do's and don'ts while applying for a business card with no annual fee are:

One has to carefully look into the specific rules and regulations on these cards that carry no annual fee. There should be no hidden fee or recouping of fee at any point in the process while applying (like interest rates etc). However, in case of going over the credit limit or default there may be a small fee charged. One has to ensure that the annual fee is not substituted in any other form.

One must read the agreement carefully and ensure that there isn't any annual fee charged, in the future or in the event of a replacement card.