Truist Business Premium

The Truist Business Premium is aimed at high-spending businesses: a flat 2% cash back on every purchase and a $1,000 bonus after $15,000 in spend within three months. The $299 annual fee is waived the first year, and it is also waived in any year you put $100,000 or more on the card, which makes the fee a nonissue for the businesses it targets. Redeeming into an eligible Truist business deposit account adds a 10% bonus on rewards. The catch is that below that $100,000 threshold, you are paying $299 a year for a flat 2% rate with few other perks, and plenty of no-fee cards earn the same. It makes sense if your annual spend clears the waiver and you already bank with Truist.