Amex Business Card No Annual Fee: What's an Alternative?

If you’re a founder or business owner who wants to scale your business, an American Express business card may seem like your only choice for long-term credit. That is, until you discover the multiple costs: annual fees, APRs, and FX rates can quickly eat into your profit margins.  

Jeeves is the alternative to an Amex business card with no annual fee, no FX fees and APRs. In this article, we’re going to show you how Jeeves provides you with the credit you need to grow your business without worrying about fees. We’ll cover:

Need a business credit card right away, but can’t afford the high fees? Try Jeeves. It’s free!

(Not based in the UK? Not a problem -- we offer business credit cards to the US, Canada, Germany and many other countries. Learn more and apply here!)

Jeeves vs American Express

Jeeves is completely free. You won’t get charged for cards, account opening, or Foreign Exchange fees (FX). You’ll also get free expense management software via app and desktop, and better cash back.

Here’s how Jeeves compares to American Express business cards:

american express vs jeeves table

Although there is one Amex business card without annual fees, you won’t be able to order additional employee cards, spend management will be limited, and the FX fees will be high.

How Jeeves is designed for new and high-growth businesses

As two-time founders, we designed Jeeves specifically for new and high-growth small businesses that want to scale, but need credit, cost-saving spend-management tools or both. So we’ve made it easy and affordable for founders to get the resources they deserve with Jeeves. Here’s how:

No fees

You can sign up to Jeeves for free. Once you’re approved, all our services are free to use during all your months of card membership. With Jeeves, you’ll enjoy:

  • Free credit
  • No annual fees 
  • No APR
  • No FX fees
  • 0% interest 
  • Unlimited fee-free corporate cards
  • Free expense management software

Business-friendly credit (no credit history required)

As founders, we know you don’t always have credit history or a few years of credit statements, which is why we don’t ask about your personal or business credit rating. Your business doesn't even need to be profitable yet.

At Jeeves, your eligibility depends on whether you’re financially healthy and credit worthy. This means when you apply for a Jeeves credit card, you’ll get your response within a 24-hour turnaround.

Quick cash flow (no annual fee and 0% interest)

A Jeeves corporate credit card makes getting cash flow easy. Here’s how:

  • Receive cash flow in a matter of days
  • Enjoy an interest-free 30-day credit window
  • Settle debt at due date, then choose to renew or stop
  • Settle earlier and you can automatically reset your credit
  • Forecast future cash flow with greater ease

With Jeeves, you won’t have limits on how you spend. Use your Jeeves business card as you see fit because there’s no limit to what Jeeves can cover:

  • Pay for inventory and materials
  • Settle invoices and bills
  • Buy flights, insurance, and office supplies
  • Rent cars and accommodation
  • Renew all your business SaaS
  • Cover payroll and commissioned work
  • Pay your office lease
  • Fund your digital marketing campaigns

Unlimited number of cards (for free)

Whether you’re a team of 5 or 150, you can issue corporate credit cards to manage your travel and entertainment (T&E) and business spend across your entire organisation. You’ll enjoy the same fee-free benefits with each card, no matter how many you need.

Choose virtual or physical cards or both. For example, if you don’t want to wait for physical cards to arrive, you can have your entire company up and running with virtual cards in seconds. Or choose virtual cards for remote collaborators and physical ones for in-house staff.  

Wherever you or your team are located, you’ll enjoy free cross-border payments with your cards. The same free FX charges apply even when you’re paying online software subscriptions in foreign currencies.

jeeves business card amex no annual fee

Easy spend management (for everyone)

Whether you choose virtual or physical cards, Jeeves makes it easy to manage and track your spending. Your Jeeves credit card integrates with free spend management software and an easy-to-use dashboard accessible via the Jeeves App or desktop.

You can set individual limits easily on each corporate card, then change limits with a click. Jeeves also provides you with autonomous security measures to block cards quickly in an emergency and reissue new ones at the touch of a button.

With your Jeeves dashboard, your finance team can save time processing and accounting for employee business expenses. Jeeves software connects to every card holder to save your staff valuable time: You won’t have to fill out expense reports, upload receipts, or wait 30–60 days for reimbursements.

jeeves spend management dashboard

Increase your profit margins with high cashback and perks

Not only will you save money with Jeeves’ fee-free features, you’ll also accrue credit with high cash back. Every time you spend, you increase your cash flow and profit margins.

For example, if your profit margin is 10% and you spend a lot on Facebook ads, we’ve just helped add another 3%!

Here’s what you’ll get with Jeeves’s cashback:

  • 1% on all business purchases up to £20,000
  • 2% on all business purchases over £20,000
  • 3% on business purchases on Google, Amazon, and Facebook
  • 4% on business purchases during seasonal promotions and rewards

Up to $100,000 in rewards and benefits

With the Jeeves card, you’ll be able to access up to 1,300 airport lounges when going on business travel. You’ll also be able to save hundreds of thousands on eligible purchases with our partner programme, which includes discounts, credits and free products with tools including Slack, AWS and Twilio.

Learn more: Jeeves Benefits and Rewards

jeeves benefits and rewards

Receive help at the touch of a button

At Jeeves, we’re working hard to provide you with the support you need to grow the business. Your Jeeves credit card includes:

  • Account management support
  • Chat and email support with quick turnarounds
  • Coming soon: human-contact customer service and online FAQ

Cons of Jeeves

We understand Jeeves may not be right for everyone, and you may prefer an Amex business card with no annual fee. Here are the cons of Jeeves so you can determine which zero-annual fee business card is right for you.

No travel concierge service

We don’t have a travel concierge service like the one American Express provides with their platinum corporate cards. If this is a deal breaker for you, then Jeeves isn’t the card for you.

Let Jeeves help grow your business

We hope this article helps you choose the best alternative to the American Express business card options. Affordable business cards can empower you to run your business with the resources you need to scale. And Jeeves can provide the capital and peace of mind you deserve to grow your business today.

Ready for zero annual fees and instant cash flow?

Sources:

  • https://www.americanexpress.com/uk/business/business-charge-cards/
  • https://www.americanexpress.com/uk/credit-cards/card-types/no-annual-fee-cards/
  • https://www.americanexpress.com/uk/business/business-charge-cards/basic-business-card/
  • https://www.americanexpress.com/uk/business/business-solutions/best-cards-for-small-businesses/
  • https://www.americanexpress.com/uk/business/business-solutions/best-cards-for-small-businesses/
  • https://www.americanexpress.com/uk/charge-cards/basic-business-card/
  • https://www.americanexpress.com/uk/business/business-charge-cards/gold-business-card/
  • https://www.americanexpress.com/en-gb/campaigns/gold-business/
  • https://www.americanexpress.com/uk/customer-service/faq.what-are-the-transaction-charges-abroad.html 
  • https://www.americanexpress.com/uk/business/international-payments/business-foreign-exchange-rates.html
  • https://www.americanexpress.com/uk/business/international-payments/international-payment-methods-and-solutions.html
  • https://www.americanexpress.com/content/dam/amex/uk/legal/business/the-american-express-gold-business-charge-card-terms-and-conditions.pdf
  • https://www.americanexpress.com/content/dam/amex/uk/legal/business/the-american-express-platinum-business-charge-card-terms-and-conditions.pdf
  • https://www.americanexpress.com/content/dam/amex/uk/legal/business/the-american-express-basic-business-charge-card-terms-and-conditions.pdf