Getting a new business credit card can offer many benefits, from earning rewards to 0% APR introductory offers. If you want to finance a large purchase or simply spread the payments over several months, a 0% APR card allows you to avoid paying interest during the introductory period. This gives your business additional time to pay off the balance at no additional cost. This blog post looks at some of the best 0% APR business credit cards in 2024 and what makes them stand out. We cover key details like introductory offers, rewards programs, and fees to help you decide which card is best for your business. 5 star processing helps you get a 0 APR business credit card. Contact 5 Star Processing to get the best 0 APR business credit card for your business.
Why Choose a 0% APR Business Credit Card?
There are a few main reasons why a 0% APR credit card can be good for business:
Make a big purchase without interest: If you want to make a big purchase, like a new appliance or item, 0 APR business credit card allows you to pay it off slowly over several months with no interest charges during the initial period. This can help manage cash flow.
Consolidate Debt: Transferring your balance from a high-interest card to a 0% APR card stops interest from accruing and allows you to pay off debt faster.
Handle Irregular Income: If business income fluctuates from month to month, a 0% introductory APR helps you cope with erratic cash flow more slowly.
Build Business Credit: Applying for and using business credit cards responsibly helps build and improve your business credit profile.
Our Best 0% APR Business Credit Cards
Here are some of the most competitive 0% intro APR business cards on the market today:
Chase Ink Business Credit Card
0% intro APR: 0% for 12 years from month of purchase
Current APR: 16 , 24% — 22.24% variable
Intro Bonus: $1,000 reward after $10,000 in 3 months
Rewards: 5% reward on first $25,000 spent at office supply stores and annually for each internet/phone services fiscal year. 2% back on gas and dining, 1% back on everything else.
Annual Fee: $0
Key Benefits: Mobile Protection, Purchase Protection, Extended Warranty
Our offer: This is one of the best no-annual-fee cashback cards with a great 12-month 0% introductory offer and solid ongoing interest rates.
Chase Ink Business Unlimited Credit Card
0% Intro APR: 0% 15 months on purchases
Fixed APR: 16.24% — 22.24% variable 16.24% variable 16.24% -24.24% -22.24% variable 24% — 22.24% variable $0 0 4% back $0 2h 4% 16.2% 0 $0 44 Rewards: 1.5% cash back on every purchase
Annual fee: 0 $
Main benefits: Mobile protection, purchase protection, extended warranty
Us takes: Unlimited 1.5% cash back on all purchases with no annual fee So makes an easy and safe choice. Suitable for businesses that spend regularly and want a 0% introductory offer.
US Bank Business Triple Real Credit Card
0% Intro APR: 0% on balance transfers for 12 billing periods
APR: 16.24% — 27.44% APR $0 cash back 0% $150 4,500 in spending per day 4,444 Rewards: 3% cash back on eligible gas, office supplies and mobile/online purchases. 1% back elsewhere.
Annual Fee: $0
Key Benefits: Mobile Protection
Our Offer: Although it does not have an introductory purchase offer, the triple cashback bonuses and introductory balance period make it an attractive choice for many businesses.
Also Read: Costco Business Credit Card: Is It Right For Your Business?
Wells Fargo Business Platinum Credit Card
0% Intro APR: 0% for 12 months on purchases and balance transfers
Fixed APR: 17.24% — 27.24% variable
Intro Bonus: $600 cash back after $5.00 4 months 40.% Cash Back on Every Purchase
Annual Fee: $0
Key Benefits: Mobile Protection, Travel Rewards, Visa SavingsEdge Automatic Rebates
Our Take: A combination of 0% annual introductory interest and discounts on new purchases and balance transfers, plus automatic transfers make this a solid $0 annual fee card .
What to look for in a business card 0% APR?
Here are some key factors to consider when choosing a 0% interest business card:
Introduction 0% duration: typically 6–12 months for purchases and 12–15 months for balance transfers. Find the length of the period that corresponds to how long you have to pay the purchases or transferred debts.
Annual Pending Interest: Interest after the end of the initial period. Variable interest rates often range between 15–27 percent. Check the cards’ current APRs.
Balance transfer: When transferring a debt from another card, 3–5% of the transferred amount is usually charged. It still saves on interest.
Credit Required: Free business cards require a minimum credit history. A high credit score opens up cards and offers more benefits.
Spending categories: If the card earns bonus rewards in categories like gas, dining or equipment, make sure your business spending is in line.
Welcome offer: Reward and points bonuses encourage you to reach the minimum spend. Make sure the amount is realistic for your business.
Card Benefits: Benefits such as mobile phone insurance, roadside assistance, travel benefits and merchant discounts add value when used.
Foreign Transaction Fees: Transactions outside the United States are generally subject to a 3% fee, plus international travel.
Focus on cards that have the right introductory period, stable ongoing rewards and useful benefits for your business spending habits and needs.
Managing 0% APR Credit Cards
If you use a business credit card with a 0% introductory offer, make sure you have a plan to avoid paying interest after the introductory period ends. Here are some tips:
Pay on time: Your payment history affects your credit score and eligibility for the best interest rates. Set up automatic payments or calendar reminders.
Pay more than the minimum: If possible, pay more than the minimum to pay off the balance faster. Minimum payments cover only a small part of the capital.
Mark your calendar: Note when the 0% period ends so you don’t pay deferred interest on the initial balance after the initial interest expires.
Make an exit plan: before the end of the 0% period, pay off the entire balance or transfer it to a new 0% card.
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