Top 0% APR Introductory Rate Business Credit Cards
Getting your business a 0% APR introductory rate credit card could be helpful. Especially if you’re planning to make a big purchase that you can’t pay back right away. Unfortunately, credit cards come packed with complicated rules and regulations, and with so many options available, it can be time-consuming to figure out what’s best for your business. A card that works well for Sammy’s Sandwich Shop down the street might not be the right option for you.
That’s where Merchant Maverick comes in! We parsed through all your various options and have come up with a list of the top business credit cards with a 0% APR introductory rate. Besides offering that 0% APR introductory rate, these cards also provide savings via rewards and $0 annual fees, allowing you to stretch your dollar further.
So which one is right for you? Read on to find out!
Table of Contents
American Express Blue Business Plus
Blue Business Plus Credit Card from American Express
14.74% - 20.74% (variable)
This card leads the pack with a 0% APR introductory rate for 12 months on both purchases and balance transfers. It also boasts a rewards program of two points per $1 on all purchases up to $50,000 per year, and one point per $1 on all purchases after $50,000. You can redeem these points (which are worth $0.01 in many cases) via American Express’ Membership Rewards program in numerous ways. These include at checkout with major retailers, gift cards, cab fare in New York City, and booking travel through American Express Travel.
This card’s variable APR after those 12 months can run lower than average. It also grants you expanded buying power, which allows you to spend above your credit level without penalty.
Unfortunately, some redemptions dish out reward points at less than the standard $0.01. Rewards also start slowing down after spending $50,000 in a year, so this card might not be the best option if your business will break that threshold. International travelers should note that this card does carry a foreign transaction fee of 2.7%.
Want a full breakdown of Blue Business Plus? Check out Merchant Maverick’s comprehensive review to get the deets.
Chase Ink Business Unlimited
Chase Ink Business Unlimited
14.74% – 20.74%, Variable
Ink Business Unlimited is a cash back card featuring a 0% APR intro rate on purchases for 12 months and no annual fee. Chase has set the cash back reward amount to 1.5% on all purchases — no cap whatsoever. Those rewards can be redeemed via a deposit into your bank account or applied to Amazon purchases. Additionally, Ink Business Unlimited also provides a hefty welcome offer of $500 cash back after you spend $3,000 on purchases in the first three months.
Other benefits include additional employee cards at no extra cost as well as travel and roadside assistance. Chase also provides purchase protection to cover new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Once the 12 months of 0% APR run dry, this card offers a variable APR that sits right around the industry standard.
Marks against this card include a 3% foreign transaction fee, meaning business owners who need to travel overseas may want to think twice before dipping into Ink Business Unlimited.
If you need a further breakdown on Chase’s Ink Business Unlimited, we’ve got you covered with our comprehensive review.
American Express Blue Business Cash
American Express Blue Business Cash
14.24% - 20.24% (variable)
Amex recently introduced the Blue Business Cash card as a replacement for their discontinued SimplyCash Plus cash back business card. The Blue Business Cash features a 0% APR intro rate on purchases and balance transfers for the first 12 months along with no annual fee. As for cash back, you’ll earn 2% cash back on all eligible purchases on up to $50,000 in purchases per calendar year, then 1% cash back subsequently.
All the cash back you earn gets automatically credited to your statement. You won’t have to do a thing to redeem your cash back, giving you additional time to focus on more pressing matters — such as running your business!
A handy benefit of the Blue Business Cash card is the ability to spend above your credit limit. The amount you can spend above your credit limit depends on your card usage, payment history, credit record, and other factors. The amount above your credit limit is due in full each month as part of your minimum payment due.
Additional card benefits include car rental loss and damage insurance, employee cards at no extra cost, extended warranty, purchase protection, and dispute resolution. A word of warning for international travelers: The Blue Business Cash carries a 2.7% foreign transaction fee.
For a more in-depth exploration of the Amex Blue Business Cash card, go check out our review!
Capital One Spark Cash Select For Business
Spark Cash Select From Capital One
Spark Cash Select is the second card on our list that runs with a 0% APR on purchases for the first nine months. Its cash back rewards program features an unlimited 1.5% back on all purchases. Cash back rewards can be applied to your account as a statement credit or requested as a check. Those rewards won’t expire while your account is open and can be transferred between Capital One cards.
You can additionally collect a tidy $200 early spend bonus if you spend at least $3,000 within the first three months of opening your accounts. Spark Cash Select further provides extended warranty and purchase protection that covers eligible items for up to 90 days. You can also get employee cards at no extra cost, and Capital One charges no foreign transaction fees.
Drawbacks of the Spark Cash Select include a variable APR that may sit a tad higher than is industry standard once those nine months of 0% APR are up. Additionally, the flat-rate rewards program may not fit your business if you spend a lot within categories that can earn higher cash back rates with other cards.
Those who want to dig into the nitty-gritty on Spark Cash Select should take a gander at our in-depth review.
Bank Of America Business Advantage Cash Rewards
Bank Of America Business Advantage Cash Rewards Credit Card
14.49% - 24.49%, Variable
To round out our list of 0% APR introductory rate business credit cards, we’ll look at an entry that has a 0% intro APR on purchases for nine billing cycles. This card boasts 3% cash back on one category of your choice (options include gas stations, office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services), 2% back at restaurants, and 1% back for everything else. You’ll be able to redeem your cash rewards via statement credit, check, or have cash deposited into a Bank of America checking or savings account.
Besides its reward program, this card’s other benefits include travel and emergency services, zero liability protection on unauthorized purchases, and overdraft protection. Members of BofA’s Preferred Rewards for Business Platinum Honors tier can get a 75% rewards bonus on the base cash back rate. This bonus offer means you could earn up to 5.25% in the category of your choosing, 3.5% at restaurants, and 1.75% everywhere else. Additionally, there’s a $300 statement credit bonus after spending $3,000 on purchases in the first 90 days.
On the negative side, there’s a $50,000 combined purchase cap for the 3% and 2% cash back categories, after which you’ll earn 1% back. Also, for businesses that require international travel, BofA’s card does carry a 3% foreign transaction fee.
Want to learn more about BofA’s Business Advantage Cash Rewards card? Visit the Merchant Maverick review of the card.
That ends our look at five of the top 0% APR introductory rate business credit cards! Still can’t decide on the best option for your business? Check out our small business credit comparison page to compare some of our favorite credit cards and learn more about picking the best card for you.