Fifth Third Simply Business Credit Card
- Best for: Fifth Third business customers who charge more than about $75,000 a year
- What Sets It Apart: Uncapped 1.67% back with no annual fee; an intro rate that covers purchases as well as balance transfers
- Rewards: 1.67% cash back on every purchase; no caps or categories; points worth $0.01 that never expire
- Features: Employee cards that earn for the account; Mastercard Easy Savings rebates; Lowest Hotel Rate and Hotel Stay Guarantees; rental car coverage; Mastercard ID theft protection; $0 fraud liability
- Annual Fee: $0
- Intro APR: 0% for 12 billing cycles on purchases and balance transfers
- APR: 15.74% to 26.74% variable
- Cost: Balance transfers $5 or 4%, whichever is greater; no foreign transaction fee; cash advances $10 or 5%; $40 late fee
- Eligibility: A Fifth Third checking or savings account open at least 90 days and in good standing; start by phone or with a banker
- Pros: No cap on cash back; intro rate on purchases too, not just transfers; no annual or foreign transaction fee
- Cons: Fifth Third customers only; no welcome offer; no online application; a no-fee card paying 2% on the first $50,000, then 1%, earns more below about $75,000 a year
Get the Fifth Third Simply Business Credit Card if you bank at Fifth Third and your business charges more than about $75,000 a year. Above that, this card’s 1.67% on every dollar beats a no-fee card paying 2% on only the first $50,000 a year. Purchases and balance transfers also get 0% for 12 billing cycles.
The Fifth Third Simply Business Credit Card is a no-annual-fee Mastercard that pays Fifth Third customers 1.67% cash back on every business purchase. If you came looking for the no-fee Fifth Third Commercial Card older reviews covered, that name now belongs to a corporate card that charges a $250 annual fee unless the company spends at least $350,000 a year on it.
Key Features
- 1.67% cash back on every purchase, as points worth a cent each
- $0 annual fee and no foreign transaction fee
- 0% for 12 billing cycles on purchases and balance transfers, then a variable rate of 15.74% to 26.74%
- Balance transfer fee of $5 or 4% of the amount, whichever is greater
- Employee cards, whose purchases earn cash back only the business can redeem
Pros
- No caps, categories, or expiration date on the cash back
- An intro rate on purchases as well as balance transfers, while Fifth Third’s personal 1.67% Cash/Back Card offers one on transfers only
- Cash back as a statement credit or a deposit to your Fifth Third checking or savings
Cons
- Open only to Fifth Third customers whose checking or savings account is at least 90 days old
- No welcome offer
- No online application on its Fifth Third page, only a call or a banker appointment
- Earns less than a no-fee card paying 2% on the first $50,000 a year, then 1%, until yearly spending passes about $75,000
By our math, Fifth Third customers who charge more than about $75,000 a year earn more at this card’s 1.67% than at the American Express Blue Business Cash Card’s 2% on the first $50,000 a year and 1% after. Businesses that spend less earn more with the Blue Business Cash than with this card, and neither charges an annual fee.
Learn more about the Fifth Third Simply Business Credit Card or see how it compares to the best small business credit cards.
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