Saving money on your operations will always be a concern and need for any business owner. Whether you are a startup founder, side hustler, or any other type of entrepreneur, a business credit card can provide powerful resources — such as introductory interest rates, rewards on your purchases, and protection on your purchases.
But there are a few key differences to know when applying for a business credit card versus a personal credit card. Additionally, it is best to select the card that rewards you the most for your particular types of business purchases. So what do you need to keep in mind and how do you sort through all the business credit card options out there?
If a 0% APR business credit card is something you need, this article will help you figure out the best card for you and your business.
How to choose the right 0% APR business credit card for you
There are many factors to consider when selecting a 0% APR business credit card. Are the rewards the card offers actually valuable to you and your business? Is there an annual fee with the card and is the fee balanced out by the benefits you’ll receive? Does the card come with business perks that protect you, such as travel insurance?
If you don’t yet have the answers to all these questions, don’t sweat. There really is just one simple question you need to ask yourself — what does my business need in order to keep moving forward?
Does your business need to save money on travel? Does it need more cash flow? What about cards for all your employees so you can keep better track of spending? Or would your business benefit from you consolidating debt with a balance transfer? Once you answer this one question, you will be able to select the card that is perfect for your business needs.
To help you further narrow the options down, here are a few of the very best 0% APR business credit cards and what is great about them.
The best 0% APR business credit cards
|Card||Intro APR on purchases||Welcome bonus||Rewards rate||Annual fee|
|Blue Business Plus Credit Card from American Express||0% APR for 12 months||0% introductory APR on purchases for 12 months||Up to 2X points||$0|
|Blue Business Cash Card from American Express||0% APR for 12 months||Spend beyond your credit limit fee-free with Expanded Buying Power. Terms apply.||Up to 2% cash back||$0|
|Chase Ink Business Cash Card||0% APR for 12 months||Earn $500 bonus cash back after spending $3,000 in the first 3 months||Up to 5% cash back||$0|
|Chase Ink Business Unlimited||0% APR for 12 months||Earn $500 bonus cash back after spending $3,000 in the first 3 months||1.5% cash back||$0|
|Bank of America Business Advantage Cash Rewards Mastercard
||0% APR for 9 months||Earn a $300 statement credit after spending $3,000 on purchases in the first 90 days||Up to 3% cash back||$0|
Blue Business Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express is a great option for businesses expecting a lot of big purchases. With this card, you will have a 0% APR for 12 months on purchases.
In addition to great intro APR offers, the Amex Blue Business Plus Credit Card offers simple and effective rewards. You will earn 2X Membership Rewards points on business purchases up to $50,000 each year, and 1X points on purchases after that. The points you earn are American Express Membership Rewards, which can be transferred to a variety of Amex travel partners. While the card does not come with a welcome offer, the simplicity of your regular rewards earning is notable as there are no spending categories to track.
If you travel for work, the card also offers rental car insurance and access to the Global Assist Hotline in case things go awry while you are on the road.
Lastly, the card has a $0 annual fee for the primary cardholder and all additional employee cards.
Blue Business Cash Card from American Express
If earning cash to put back into your business is as much of a priority as saving interest on purchases, the Blue Business Cash Card from American Express may be a better fit for your needs.
This card will give you a 0% APR for 12 months on purchases. This card also offers a welcome bonus: Spend beyond your credit limit fee-free with Expanded Buying Power. Terms apply. If you maximize this opportunity, it could mean an extra $1,000 in cash back for your business.
This card is nearly identical to the Blue Business Plus Credit Card from American Express in its benefits, except you will earn cash back instead of points. You will have rental car insurance, access to the Global Assist Hotline, and a $0 annual fee for the primary cardholder and all additional cardholders.
Chase Ink Business Cash Card
With the Chase Ink Business Cash Card, you will be able to earn cash back in different spending categories in addition to having interest-free spending. The card comes with an introductory 0% APR for 12 months on purchases.
This card also comes with great rewards on your business purchases. You will earn 5% cash back at office supply stores and on internet, cable, or phone services (up to $25,000 combined annually); 2% cash back at gas stations and restaurants (up to $25,000 combined annually); and 1% cash back on everything else. This card also offers 5% cash back on each dollar spent on Lyft rides. If your business purchases align with the categories of this card, you may want to consider it as a tool for your business to save money each month.
To get your cash back earnings off to a great start, you can earn $500 bonus cash back after spending $3,000 in the first 3 months.
Along with opportunities to earn great cashback for your business, the card also provides rental car insurance, purchase protection, extended warranty protection, and roadside dispatch.
Chase Ink Business Unlimited
The Chase Ink Business Unlimited is an outstanding card to take advantage of both an introductory APR along with respectable cash back earnings as you use the card. When you are approved for the card, you will have an introductory 0% APR for 12 months on purchases.
As you use the card, you will earn 1.5% cash back on all spending. The rewards you earn are in addition to the sign-up bonus, where you can earn $500 bonus cash back after spending $3,000 in the first 3 months. So if your business is in need of $10,000 of new office supplies and you sign up for this card, you will earn a total of $650 back when you combine the sign-up bonus and cash back earned on the purchase. This is a remarkable savings that you can then reinvest into your business.
You will also have the ability to add employees to the account at no additional cost, rental car coverage while you travel, purchase protection, and extended warranty protection.
If you are interested in a cashback card with an excellent sign-up bonus and perks to help you save more on your purchases, the Chase Ink Business Unlimited is a great pick.
Bank of America Business Advantage Cash Rewards Mastercard
The Bank of America Business Advantage Cash Rewards Mastercard is a great option for a business owner looking for an introductory interest rate along with cashback savings.
The Bank of America Business Advantage Cash Rewards Mastercard will give you an introductory 0% APR on purchases for the first 9 months of card ownership. In addition, you will earn 3% cash back on your category of choice and 2% cash back on dining (on up to $50,000 in combined 3% and 2% category purchases); and unlimited 1% cash back on everything else. You will be able to select a category of your choice (gas stations, office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services).
To get you started with earning cashback, you can earn a $300 statement credit after spending $3,000 on purchases in the first 90 days.
If you plan on using this card regularly, it is helpful to know that you will earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, and 1% thereafter. If you intend on spending more than that each calendar year in this expense categories, you may want to switch to a different card once you meet that threshold as the subsequent 1% cash back is a low rate for purchases.
In addition, as a holder of this card, you can earn up to 75% more cashback when you are a part of Preferred Rewards for Business. This program is designed to reward business owners that bank with Bank of America with discounts. Potential benefits include interest discounts on loans, waived ATM fees, and bonus cashback on eligible business credit cards. To see if you qualify for the program, you can sign into your Bank of American online banking portal.
The bottom line on the best 0% APR business credit cards
0% APR business credit cards are a great way to expand your spending power without increasing your interest fees. While all the cards mentioned above have an introductory APR offer, be sure to analyze the details of each card to find the one that fits your business's needs the best. Whether you need travel coverages, purchase protection, or fee-free employee cards, one card may fit your business needs more than another.
A business credit card can become a great tool for your business. While making sound business decisions is important, so is making informed financial decisions for your business. So with the information above about 0% APR business credit cards, you can make the right selection for your needs and continue driving your business forward.