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Empower Your Business with 0% APR Business Credit Cards in a Recession

Published By Janet Gershen-Siegel at July 6th, 2020

Empower Your Business with 0% APR Business Credit Cards in a Recession

Get 0% APR Business Credit Cards in a Recession

Do you know how to get 0% APR Business Credit Cards in a recession? We break down the many choices out there to show you the best corporate credit cards with 0% APR.

Per the SBA, corporate credit card limits are often 10 to 100 times that of personal cards! This means you can get a lot more cash with business credit.

And this also means you can have personal credit cards at retail stores, and now have a second card at the same shops for your company. And you will not need collateral, cash flow, or financials to get small business credit.

0% APR Business Credit Cards in a Recession: Benefits Will Vary

Features vary, so make certain to pick the perk you prefer from this selection of possibilities.

Fundability™

Always keep in mind that a business must be Fundable to loan providers and vendors — this is particularly vital in a recession. That is, the more attractive you can make your business to lenders and credit providers, the more likely you are to get approvals. Or, you’ll get approvals for higher limits and better terms.

Personal credit scores also figure into Fundability. And any credit card issuer is inevitably going to be checking your personal credit scores. It will always be a good idea to improve your personal credit scores.

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0% APR Business Credit Cards in a Recession

Blue Business® Plus Credit Card from American Express

For a great example of 0% APR business credit cards in a recession, make sure to have a look at the Blue Business® Plus Credit Card from American Express. It has no annual charge. There is a 0% introductory APR for the initial one year. But after that, the APR is a variable 14.74 – 20.74%.

You can get double Subscription Rewards ® points on day-to-day business purchases like office supplies or customer suppers for the initial $50,000 spent per year. Get 1 point per dollar after.

You will certainly require excellent to superb credit report to qualify.

You can find it here: https://creditcard.americanexpress.com/d/bluebusinessplus-credit-card/

American Express® Blue Business Cash Card

In addition, be sure to take a look at the American Express® Blue Business Cash Card. Note: the American Express® Blue Business Cash Card is identical to Blue Business® Plus Credit Card from American Express. However its rewards are in cash rather than points.

You can get 2% money back on all qualified purchases on approximately $50,000 per calendar year. After that, you will get 1%.

It has no annual cost. And there is a 0% introductory APR for the initial year. But after that, the APR is a variable 14.74 – 20.74%.

But keep in mind that you will need great to superb credit to qualify.

You can find it here: https://creditcard.americanexpress.com/d/business-bluecash-credit-card/

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Alternative: Credit Cards for Fair to Poor Credit, Not Calling for a Personal Guarantee

Brex Card for Startups

Check out the Brex Card for Startups. It has no yearly charge.

You will not need to supply your Social Security number to use. And you will not need to supply a personal warranty. In addition, they will take your EIN. Nevertheless, they do not accept every industry. Additionally, there are some industries they will not work with, and others where they want added paperwork. For a list, go here: https://www.brex.com/legal/prohibited-restricted-activities/.

To determine creditworthiness, Brex will check a business’s cash balance, spending patterns, and investors.

You can get 7x points on rideshare. Get quadruple points on Brex Travel. Also, get triple points on dining establishments. And get double points on recurring software payments. Get 1x points on everything else.

You can even have poor credit scores (even a 300 FICO) to qualify. And you can find it here: https://brex.com/lp/startups-higher-limits/

Alternative: Business Credit Cards with no Annual Fee

This card even has a 0% introductory period.

No Yearly Fee/Flat Rate Cash Back

Ink Business Unlimited ℠ Credit Card

For a great example of 0% APR business credit cards in a recession, look into the Ink Business Unlimited ℠ Credit Card. Beyond no yearly cost, you will get an initial 0% APR for the initial twelve months. But after that, the APR is a variable 14.74 – 20.74%.

You can get endless 1.5% Cash Back rewards on every purchase made for your company. And you can get $500 bonus cash back after investing $3,000 in the first three months after the account opening. Plus, you can redeem your incentives for cash back, gift cards, or traveling. And you can get even more through Chase Ultimate Benefits ®. You will require excellent credit report to get an approval for this card. And you can find it here: https://creditcards.chase.com/business-credit-cards/ink/unlimited

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Your Best 0% APR Business Credit Cards in a Recession and More

Your absolute best 0% APR business credit cards in a recession will hinge upon your credit history and scores. Just you can determine which features you want and need, so make sure to do your research. What works for you may not work for others. And the same is true in reverse.

And, as always, make certain to build business credit in the recommended order for the best, fastest benefits. Contact us today for more help with building your business credit and improving your business. A recession is never good news for business owners. But your business can still grow and succeed no matter what the United States—or international—economy is doing. Let us show you how.

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