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How to Get a 0 Interest Business Credit Card

Published By Faith Stewart at February 12th, 2021

How to Get a 0 Interest Business Credit Card

You’re probably thinking there is no such thing as a 0 interest business credit card. However, that’s not exactly true. While this type of interest rate doesn’t last forever, there are a number of cards that will offer a 0% introductory rate, some of them for a year or more!  

Get a 0 Interest business Credit Card and Make it Work for You

Since a 0 interest business credit card is likely going to turn into a higher interest card after an introductory period, it’s important to know how best to use it while the 0% is available, and what to do to save interest when introductory rates disappear. 

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 When it comes to short term funding,  0 interest business credit cards can be a life saver.  Here are some of our favorites.  

Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express has no yearly fee. The 0% initial APR is for the first year. After that, the APR is a variable 13.24– 19.24%.

You can get double Membership Rewards® points on everyday business purchases like office supplies or client meals for the first $50,000 spent annually. Get 1 point per dollar thereafter.

You will need great credit to qualify.

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Get Credit Line Hybrid Financing from Credit Suite

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

American Express ® Blue Business Cash Card

The American Express ® Blue Business Cash Card is also an option. Note: the American Express ® Blue Business Cash Card is identical to the Blue Business® Plus Credit Card from American Express. It’s rewards are just in cash instead of points.

Get 2% cash back on all qualified purchases up to $50,000 per calendar year. Afterwards get 1%.

There is no annual fee, and there is a 0% introductory APR for the first year. Afterwards, the APR is a variable 13.24– 19.24%.

You will need great credit to qualify.

Discover it ® Business Card

Lastly, check out the Discover it ® Business Card. It has no yearly charge either, and it also has an introductory APR of 0% on purchases for one year. After that the regular APR is a variable 14.49– 22.49%.

Get unlimited 1.5% cash back on all purchases, without category limitations or bonuses. They double the 1.5% Cashback Match ™ at the end of the initial year. There is no spending requirement.

You can download transactions quickly to Quicken, QuickBooks, and Excel. You will need great credit to qualify for this card as well.

Use Your 0 Interest Business Credit Card to Your Advantage

Since the 0% interest doesn’t last forever, you need to make the most of it while it’s available. If you don’t need all of the funds on every 0 interest business credit card available right now, consider only applying for one at the time. 

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Get Credit Line Hybrid Financing from Credit Suite

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

By doing this, you can take advantage of the 0% interest longer. For example, get one card, and use it for whatever you need for the time you have the 0 interest.  Pay it off before the introductory rate ends if you can, then stop using it. Apply for the next 0 interest card when the previous introductory rate ends, then repeat the process.  By doing this, you extend your 0% interest period. 

Another possibility is that you may create competition between the cards and be able to negotiate longer 0% interest periods, or at least lower interest rates than would otherwise be offered.

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Get Credit Line Hybrid Financing from Credit Suite

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

A 0 Interest Credit Card Can Be a Great Tool If You Use it Right

A credit card with a 0% interest rate, even for a short time, can be a great tool to grow your business.  Use it to purchase discounted inventory or supplies in bulk, cover short-term expenses, or to pay off higher interest rate debt.  

However, you have to keep in mind that the best rates won’t last forever.  Use it while you can, but have a backup plan.  Also, be certain you use it for the right purposes.  If you want to buy a large piece of equipment or real estate, something that will take longer than a year to pay, you may want to consider a different type of financing. 

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