Best 0% Business Credit Cards
If you're looking for a way to finance business expenses without paying interest, a 0% APR business credit card can be a great option. However, with so many different cards on the market, it can be tough to know which one is right for you.
Here are some of the best 0% APR business credit cards available:
Top 3 Picks:
- Chase Ink Business Preferred Credit Card: This card offers 0% APR for 12 months on purchases and balance transfers, making it a great option for large purchases or consolidating debt. It also offers a $800 bonus after spending $5,000 in purchases within the first 3 months of account opening.
- Capital One Spark Miles for Business: With 0% APR for 9 months on purchases and balance transfers, this card is great for smaller businesses or those who are looking for a card with generous rewards. This card earns 2 miles per $1 spent on travel and dining, and 1 mile per $1 spent on all other purchases.
- U.S. Bank Business Leverage Visa Signature Card: This card provides a 0% APR for 12 months on purchases and balance transfers, making it a good choice for businesses that need a longer period of interest-free financing. It also offers 1.5 points per $1 spent on all purchases.
Other Notable Options:
- American Express Blue Business Plus Credit Card: This card boasts 0% APR for 12 months on purchases and balance transfers. It also offers a welcome bonus of 50,000 bonus points after spending $3,000 in purchases within the first 3 months.
- Discover it Business Card: This card offers 0% APR for 18 months on purchases and balance transfers, making it ideal for businesses that need an extended period of interest-free financing. You can also earn 1.5% cash back on all purchases.
- CitiBusiness® / AAdvantage® Platinum Select® Mastercard®: This card offers 0% APR for 12 months on purchases and balance transfers. It also offers 2 miles per $1 spent on eligible purchases.
Factors to Consider When Choosing a Card:
- APR (Annual Percentage Rate): The APR is the interest rate you'll pay on your balance after the introductory period ends.
- Introductory Period: This is the amount of time you have before the APR starts to accrue.
- Fees: Many cards have annual fees, so factor these into your budget.
- Rewards Program: Consider the rewards program offered and make sure it aligns with your business's spending habits.
- Credit Limit: A higher credit limit can be beneficial for larger expenses, but you'll need good credit to qualify.
Tips for Using a 0% APR Business Credit Card:
- Create a Payment Plan: Set up a payment plan to pay off the balance before the introductory period ends to avoid paying interest.
- Track Your Spending: Monitor your spending to make sure you're not exceeding your credit limit.
- Don't Use it for Everything: While it's tempting to use a 0% APR card for all your expenses, it's best to use it for specific purchases that you can pay off quickly.
By carefully considering your options and choosing the right card, you can take advantage of the benefits of 0% APR financing to help your business grow.
