Business cards on the whole have fairly high annual fees and interest rates, reflecting the additional benefits they often provide. However, just as with personal cards, it is possible to find a business credit card with introductory offers such as temporary lower interest rates (or even permanent lower rates), reduced or waived annual fees in the first year, and sign-up bonus points.
If you expect to issue a large number of cards to employees, you will need to check the annual fee for additional cards. This could be anything from zero to $100 or more per card.
Other fees to take into account are foreign transaction fees, late payment fees and over limit fees. Fortunately, if the card is used solely for business expenses, all fees, including the annual fee, should be tax deductible.
