Published By Janet Gershen-Siegel at March 6, 2018
Do you know how to get 0% APR Business Credit Cards? 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 – 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.
Features vary, so make certain to pick the perk you prefer from this selection of possibilities.
For a 0% APR time period, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for your employees. You will need a credit score of 690 or higher. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash
For an introductory 0% APR period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn twice the points on regular business purchases up to an annual limit. The standard APR is 12.24% – 20.24% (variable). Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will need to have a credit score of 690 or higher. KEEP IN MIND: the ongoing APR is 23.99% variable APR. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
For Travel Points, we incline toward the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases on your new card within your very first three months. Terms and limitations apply. In addition earn a $50 statement credit after you make a Delta purchase with your new card within your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Earn one mile on each qualified dollar spent on purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279
Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:
– Priority Pass Select
– Delta SkyClubs
– American Express Centurion Lounges
You also get Gold Status when you sign up for the Starwood Preferred Guest program.
$ 200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee, which includes access to TSA PreCheck program. You get one point for every dollar spent on the majority of purchases. You get 1.5 times the points on charges of $5,000 or more on eligible purchases, up to one million added points each year. You get five points per dollar spent buying flights and prepaid hotels from the American Express Travel site. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279
Also, make sure to have a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points once you spend $5,000 on purchases within your initial three months from account opening. Earn three points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines each account anniversary year. Earn one point for each dollar on all of the other purchases. There is no restriction to the amount you can earn. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer charge. Thereafter, the purchase APR is a variable 10.49% – 18.49%, which is dependent on creditworthiness. There is no yearly fee. This card is just available to those with great or superb credit. Unfortunately, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do
Also, have a look at the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no yearly fee. Right now businesses can earn double points on the initial $50,000 in purchases per year. Get it here: https://creditcard.americanexpress.com/blue/
Have a look at the Wells Fargo Business Secured Credit Card. It enables cardholders to procure a credit limit of $500 – $25,000. The amount available equates to the amount of funding you furnish to secure the line. Your purchase APR rate can be as low as a variable 13.15%. The yearly fee is $25. The more cards you have the more expensive your yearly fee is going to be. This card allows company owners with inadequate personal credit to acquire a card to make purchases and establish business credit. The card will only report to the personal credit bureaus if you default or are late on payments. Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
Look at the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Earn a $200 statement credit after spending $5,000. You get 5% cash back at US office supply stores and on wireless phone services purchased straight from US service providers (this applies to the initial $50,000 of annual spending). You also get 3% cash back on spending category of your choice, from eight different categories, consisting of airfare, gas, advertising and computer purchases (applies to first $50,000 of yearly spending). Additionally you get 1% cash back on all other purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279
Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit after $500 in purchases during 60 days of account opening. You also get 3% cash back on purchases at filling stations and office supply stores (as much as $250,000 yearly). And you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no yearly fee. It is available to applicants with outstanding credit. Your cash back can only be redeemed in $25 increments. Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/
Furthermore, consider the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without limitations. New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases within three months of account opening. New customers also get initial APR of 0% on purchases for nine months. There is no yearly fee. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/
Consider the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points after $5,000 in purchases on the card within first three months. You get three points on your choice of five categories, two times the points on the remaining categories, and one point per dollar on all other purchases. It has a $0 annual fee for the first year, and then your yearly fee rises to $175. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards
Also, check out the Business Platinum ® Card from American Express OPEN. You can get as many as 75,000 Membership Rewards points upon account opening. You can also get 50,000 Membership Rewards points subsequent to spending $10,000 and an extra 25,000 points after spending an additional $10,000 all on qualifying purchases within the first three months. Additionally you can get five times the Membership Rewards points on flights and prepaid hotels on amextravel.com. But keep in mind, it has a $450 yearly fee. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279
Your absolute best small business credit cards hinge upon your credit history and scores. Just you can determine which features you want and need, so make sure to do your research. And, as always, make certain to build credit in the recommended order for the best, fastest benefits.