No Fee 1% Cash Back Card
If you are a small business owner and looking for a no-frills credit card, look no further than the RBC Business Cash Back MasterCard. This card may not provide a lot of benefits, but it’s still good for those who aren’t looking for anything from a plain vanilla business credit card.
Sometimes you just want to have a business credit card to keep an active credit card under your business name. And that’s exactly why I have this credit card, although I don’t really use it. For a No Annual Fee credit card, the RBC Business Cash Back MasterCard offers the following features:
– Promotional 2 percent cash back for the first three months
– 1 percent cash back across the board thereafter
– Get cash back whenever you accumulate $25 or once a year in January
– Purchase security guarantee for 90 days
– Extended warranty for one additional year
As you can see, it’s not really a feature-rich credit card, but for no fee getting 1 percent back on everything is not bad either.
Business owners may need to separate their business transactions on credit cards, hence the need for a separate credit card solely for business. I charge my all business transactions on my regular personal credit cards that offer rich rewards and still keep a couple of no-fee business credit card accounts active for my business credit file.
If you are looking for better rewards on your business transactions, there are other annual fee credit cards you can go for. But for those who are not willing to pay annual fee, the RBC Business Cash Back MasterCard does the job and still provides 1 percent return.