Business credit cards are a popular option for making purchases for your business. But running up debt on a credit card that you can’t quickly pay back in full can be risky business because of the annual percentage rate (APR) associated with the card. This begs the question: are there 0% APR business credit cards?
Thankfully, there are several business credit cards that can offer interest-free promotional financing on new purchases, or zero percent APR on balance transfers, or even both. In addition, these cards allow you to earn valuable rewards from your business purchases.
First, let’s take a look at business credit cards that feature 0% APR promotional financing offers for new purchases.
5 Options for 0% APR Business Credit Cards
|Card name||Intro APR Offer||Annual Fee|
Should Your Small Business Apply for a 0% APR Business Credit Card?
All of the cards mentioned above offer great introductory APR offers, but they do have strict credit requirements. Make sure you know your credit scores before applying (you can check your personal and business credit and approval odds for these cards with with a free Nav account).
Additionally, new businesses need to be careful running up purchases on a business credit card, even one with 0% APR. Forecasting your revenue and expenses will be important to figuring out if you’ll be able to pay the credit card debt back before the full purchase APR kicks in.
Interest Free Business Credit Cards on New Purchases
1. The SimplyCash® Plus Business Credit Card
This card currently offers, a great offer for businesses needing to make new business purchases and carry a balance for a year or more. After the 15-month introductory period, the APR is .
While there’s no bonus offer for this card, it offers some of the best cash back rates:
This card features promotional financing, a cash rewards bonus and strong cash back on every purchase. New account holders will enjoy, followed by a standard interest rate of APR, depending on your creditworthiness. New customers also receive . And all purchases receive , with no limits. There is annual fee for this card, and no foreign transaction fees. (Editor’s Note: This card’s details were updated in March 2018.)
3. GM BuyPower Business Card from Capital One
This innovative card offers introductory financing and rewards that can be used for the lease or purchase of a new GM vehicle. You get a, followed by a standard interest rate of . (Editor’s Note: This article was updated in March 2018 to reflect new terms.)
You also getThere’s fee for this card and no foreign transaction fees.
Interest-Free Offers for New Purchases and Balance Transfers
Here are two business credit cards that offer limited-time 0% interest APRs for both new purchases and balance transfers.
With this card, new applicants get. After the promotional financing expires, you’ll have a APR of depending on your credit history.
New cardholdersThis card also offers business owners the chance to .
This card carries a strong financing offer and impressive rewards. New applicants receive. Following that, a APR will apply, depending on your creditworthiness. (See for current APR range.)
There is a annual fee for this card.
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This article was originally written in December of 2016 and updated on April 23rd, 2018.