Published By Janet Gershen-Siegel at August 15th, 2019
We looked for the best credit card 0 APR, and did the research for you. So here are our picks.
Per the SBA, small business credit card limits are a whopping 10 – 100 times that of consumer credit cards!
This demonstrates you can get a lot more cash with business credit. And it also means you can have personal credit cards at retail stores. So you would now have an extra card at the same stores for your small business.
And you will not need collateral, cash flow, or financial data in order to get company credit.
Benefits can differ. So, make sure to pick the perk you prefer from this choice of alternatives. While we did find a great credit card 0 APR, you may see something you like better. And keep in mind, these aren’t credit card 0 APR forever. Rather, the low APR is for an introductory period only.
Have a look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits how much in cash back rewards that cardholders can get. Also, the card has a $0 annual fee.
New cardholders have a 0% APR on purchases and balance transfers for the first fifteen months after starting the account. And then they have a 14.74 – 24.74% (variable) APR after that. A cash bonus of $150 is available for those who make at least $500 on purchases within 3 months of account opening.
Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.
Furthermore, there is a cash bonus of $150 is offered to cardholders who make a minimum of $500 on purchases within 3 months of account opening.
The card also offers travel accident insurance. And you can get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.
Downsides are the flat reward rate, not permitting any more than that. And then there’s the higher APR after the introductory period.
Get it here: https://www.capitalone.com/credit-cards/quicksilver/
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no annual fee and comes with a 0% introductory APR on purchases for the first nine months. Afterwards, the card has a 13.24 – 23.24% variable APR
Earn 3 points/dollar spent when you book travel with the Bank of America Travel Center and one and a half points/dollar on all other purchases. You can earn unlimited points and points never expire.
There is a 25,000-point sign-up bonus when you spend $1,000 in the first 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement.
They also get trip cancellation coverage, trip delay reimbursement and other advantages.
There is no introductory rate for balance transfers. Also, bonus categories are limited.
Take a look at the JetBlue Plus Card for another business credit card 0 APR, introductory.
Earn six points/dollar on JetBlue purchases, two points/dollar at eating establishments and grocery stores. And get one point/dollar on all other purchases.
Spend $1,000 in the initial 90 days and pay the yearly fee, and get 40,000 bonus points. New cardholders get a 12 month, 0% initial APR on balance transfers made in forty-five days of account opening.
Afterwards, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based upon creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.
There is a $99 yearly fee for this card.
Get it here: https://cards.barclaycardus.com/cards/jetblue-card/
Also, be sure to have a look at the Discover it® Student Cash Back which has a 0% APR for an introductory six-month period.
It has no yearly fee. And there is an APR of 14.99 – 23.99% variable on all purchases after the introductory period.
One one-of-a-kind feature is that it provides an incentive for students to maintain good grades with a $20 statement credit. If students get a GPA of 3.0 or higher each academic year, the card will award the $20 statement credit every year for up to five years.
Use the card to build personal credit. While this is a personal card as opposed to a small business credit card, for new credit users, their FICO scores will be important.
And this card offers an excellent way to raise FICO while also getting rewards.
You can earn 5% cash back at various places each quarter like grocery stores, gas stations, restaurants or Amazon.com up to the quarterly max. Afterwards, the card offers unlimited 1% cash back on all purchases.
In the very first year, all cash back rewards are matched 100%.
Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.
Check out the SimplyCash Plus Business Credit Card from American Express. There is a $0 annual fee. And there is a 0% APR on purchases. So this is for the first fifteen months an account is open.
But when the introductory period expires, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.
This credit card has numerous benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.
Also, earn 5% cash back at US office supply stores and on wireless phone services. So, these must be bought from American providers. But this pertains to the initial $50,000 of annual spending. Then, you get 1% cash back.
You also get 3% cash back on spending category of your choice. So, this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending. Then, you get 1% cash back.
Cash-back bonuses are automatically credited to the customer’s billing statement.
Note: you cannot use this card for balance transfers. There is a foreign transaction fee of 2.7%. The credit card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%.
And, it kicks in if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.
Have a look at the Ink Business Cash ℠ Credit Card. Companies can earn cash back with each purchase. Spend $3,000 in the initial three months from account opening. And you’ll get a $500 bonus cash back.
There is a $0 annual fee with a 0% introductory APR for 12 months on purchases and balance transfers. Afterwards, the APR is a 15.24 – 21.24% variable.
The credit card features travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.
Earn bonus cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.
Note: this card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is greater. Also, there is a foreign transaction fee of 3%.
To supplement a credit card 0 APR, a business credit with no annual fee can be a smart choice.
This credit card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Earn 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
Note: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus available with this card.
Your outright best credit card 0 APR will hinge on your credit history and scores.
Only you can pick which features you want and need. So be sure to do your homework. What is excellent for you could be disastrous for someone else.
And, as always, make certain to establish credit in the recommended order for the best, speediest benefits.