5 Business Credit Cards With Low Interest Rates

5 Business Credit Cards With Low Interest Rates

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A business credit card can be one of the most expensive ways to get capital for your company. But while the average interest rate is 19.67%, some credit cards offer rates much lower than that — if you qualify.

Some cards even offer an introductory 0% APR promotion, giving you time to finance a large expense or pay off a balance from another business credit card interest-free. Read on to learn about our top picks for business credit cards with low interest rates and why they’re worth considering.

1. Ink Business Unlimited℠ Credit Card

When you first get approved for the Ink Business UnlimitedSM, you’ll get a 0% Intro APR on Purchases for 12 months. After that, you’ll have a variable APR of 15.24% - 21.24% Variable, depending on your creditworthiness.

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. Earn unlimited 1.5% cash back on every purchase.. You can redeem your rewards for cash back, travel, gift cards and shopping on Amazon.com.

If you’re looking for a card with great rewards and a decent introductory 0% APR period, the Ink Business UnlimitedSM is worth considering. Keep in mind, though, that the interest rate can be relatively high once the promotion is over.

Keep in mind that if you want to transfer a balance to the card, you’ll pay a balance transfer fee of 5% with a $5 minimum. You won’t be on the hook for an annual fee, though.

Ink Business Unlimited℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account Learn More

2. The Blue Business℠ Plus Credit Card from American Express

If you want a great introductory 0% APR promotion, a below-average ongoing interest rate, and great rewards, the Blue BusinessSM Plus Credit Card from American Express is for you.

For starters, the card offers an APR of 0% on purchases for 15 months, after which the APR is 13.24% - 21.24% Variable. So regardless of which rate you qualify for, it’s lower than the average of 19.67%.

Earn 2X points on everyday business for the first $50,000 in purchases per year, 1 point per dollar thereafter.

The card doesn’t charge an annual fee, but you’ll pay the greater of $5 or 3% on balance transfers.

The Blue Business℠ Plus Credit Card from American Express
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Terms, Rates & Fees

The Blue Business℠ Plus Credit Card from American Express

Get rewarded for business as usual. Earn 2X points on everyday business purchases such as Learn More

3. Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

If you prefer travel rewards to cash back, the Bank of America® Business Advantage Travel Rewards Mastercard® credit card is a solid choice. When you first get the card, you’ll enjoy an APR of 0% for 9 billing cycles.

You’ll also receive great rewards for a card with no annual fee. For starters, you’ll earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases.

You’ll also get 1.5 rewards points for every $1 on all purchases and 25,000 bonus points when you spend $1,000 in net purchases within 60 days and 3 points for every $1 spent for travel booked through the Bank of America® Travel Center - powered by Expedia®. Finally, if you’re planning on traveling abroad, the card doesn’t charge a foreign transaction fee.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much Learn More

4. Bank of America® Platinum Visa® Business credit card

The Bank of America® Platinum Visa® Business credit card combines the benefit of an introductory 0% APR promotion and a low ongoing rate after it’s over. You’ll enjoy an APR of 0% for 7 billing cycles, after which it changes to 11.24% - 22.24% Variable APR on purchases.

While the card’s 0% APR promotion is shorter than others on our list, qualifying for the low end of the card’s APR range can keep interest costs low as you use the card regularly.

The card also offers a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening.. It doesn’t, however, offer ongoing rewards on your everyday purchases. The card doesn’t charge an annual fee.

Bank of America® Platinum Visa® Business credit card

Get a $200 statement credit when you make at least $500 in net purchases within 60 days of Learn More

5. U.S. Bank Business Platinum

If you want a longer 0% APR promotion and still get a low ongoing rate, consider the U.S. Bank Business Edge™ Platinum. The card offers 0% Intro APR* on purchases and balance transfers for the first 12 billing cycles. After that, you’ll get an APR of 11.99%-19.99%* (Variable).

If you want to do a balance transfer, there’s a fee of $5 or 3%, whichever is greater. Unfortunately, the card doesn’t have much else in the way of benefits; it doesn’t even offer rewards. There is, however, no annual fee.

U.S. Bank Business Platinum

0% Intro APR* on purchases and balance transfers for the first 12 billing cycles. No annual fee*. Learn More

Which card is best for you?

There’s no single business credit card out there that’s best for everyone. As you compare these and other top business credit cards, it’s important to know your priorities and preferences.

For example, the chance to earn great rewards could be worth giving up some other perks, and vice versa. Regardless of which card you choose, it’s important to use the card wisely to avoid high interest costs.

In general, using a business credit card for operating expenses is best because it’s easier to pay off your balance each month. If you need to make a large purchase, a card with a 0% APR promotion can be helpful, but paying your card’s regular APR may not be worth it.

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