Published By Janet Gershen-Siegel at February 19th, 2019
Your terrific question was: What is the best choice business credit card with 0% APR? We did the research for you. So here are our favorites.
According to the SBA, small business credit card limits are a whopping 10 – 100 times that of personal cards!
This means you can get a lot more cash with small business credit. And this also means you can have personal charge cards at stores. So you would now have an additional card at the same stores for your company.
And you will not need collateral, cash flow, or financials to get small business credit.
Perks vary, so make certain to select the advantage you prefer from this collection of options.
For a 0% APR time period, we prefer the Ink Business Cash ℠ Credit Card. Also, you pay no annual fee. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for your employees. But you will have to have a credit score of 690 or higher.
For an introductory 0% APR time period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. So it has an introductory 0% APR for 15 Months. Also, you can earn double points on ordinary company expenses up to an annual cap. But the normal APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. So you begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee.
Afterwards, the purchase APR is a variable 10.49% – 18.49%. And this depends upon creditworthiness. There is no yearly fee. But this card is only on offer to people with great or superb credit. But there is no rewards program for purchases.
For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. But this is after you make $1,000 in purchases on your new card. And it is during your very first three months. Terms and limitations apply.
In addition earn a $50 statement credit. But this is after you make a Delta purchase with your card. And it is in your first three months. Earn two miles per dollar spent on purchases made straight with Delta. Also, earn one mile per eligible dollar spent on purchases.
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to obtain a credit limit of $500 – $25,000. The amount offered is identical to the amount of money you furnish to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. And the annual fee is $25. But the more cards you have, the higher your annual fee is going to be.
This card lets company owners with poor personal credit to acquire a card to make purchases and set up business credit.
But the card will just report to the personal credit agencies if you default or are behind on payments.
With it, you can earn a $200 statement credit. But this is after $500 in purchases. And that is within 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. But this is as much as $250,000 yearly.
Also, you get 2% cash back on purchases at restaurants. And get 1% cash back on all purchases. Also, there is no yearly fee. But it is on offer to applicants with exceptional credit.
But you can only redeem your cash back in $25 increments.
Take a look at the Business Gold Rewards Card from American Express OPEN. So you can earn 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card during first three months.
Also, you get three points on your choice of five categories. In addition, get two times the points on the other categories.
Also, get one point per dollar on all other purchases. It has a $0 annual fee for the first year. But then your annual fee goes up to $175.
Your best choice business credit card with 0% APR will hinge upon your credit history and scores.
Just you can figure out which benefits you want and need. So make sure to do your homework. What is excellent for you could be disastrous for someone else.
And, as always, make sure to build credit in the recommended order for the most brilliant, fastest benefits.
Check out our professional research and score the best business credit cards for your business.