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Credit card debt has been more affordable since the recession, but with a wave of credit card companies that offer 0% APR cards in various categories, consumers may start to rethink their interest-free spending.
By financing interest-free purchases before the usual variable rate APR kicks in, you may save money with a 0% introductory annual percentage rate (APR) credit card. Some cards even offer 0% interest on balance transfers, which might help you stay on top of your debt. Consider it an interest-free loan for the duration of the promotional period. To get the most out of this deal, plan your monthly payments so that you have a zero amount on your card by the time the 0% rate expires.
The following are the top 0% APR business credit cards:
Business Platinum from U.S. Bank
Overview Details Pros & Cons Features
BEST FOR
Purchases and balance transfers that have a longer 0% APR term.
- For the first 20 billing cycles, there is a 0% Intro APR on purchases and debt transfers. Then there’s the variable APR, which ranges from 11.99 percent to 17.99 percent right now.
- There is no yearly charge.
- Employee cards are available at no cost.
- You’re protected against illegal transactions with zero fraud liability.
Pros
- One of the longest 0% APR periods available.
- There is no yearly charge.
- For warranties of three years or less, U.S. Bank will double the original manufacturer’s warranty and provide an extra year of coverage. The amount of coverage is capped at $10,000 per item.
- Purchase protection: Within 90 days of purchase, U.S. Bank provides purchase protection for things that are damaged or stolen. The coverage is restricted to $500 per claim and $50,000 per year per cardholder.
Why we like it:
This card wins big for the best 0% APR business credit card for a few reasons: You pay zero interest on purchases for 18 billing cycles, and you can transfer high balances from other cards, also at 0% APR. Once the introductory rate ends, the starting APR (11.99%) is the lowest of all the cards on this list—and there’s no yearly charge.
Although there are no rewards with this card, it might help you achieve your business objectives if you need to make substantial purchases or consolidate debt from other cards. This is one of the finest credit cards for small businesses.
Blue Business® Plus by American Express
BEST FOR
2x points per $1 and a 0% introductory APR for the first 12 months
- Spend $3,000 in qualifying purchases on the Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
- On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
- With Expanded Buying Power, you have the ability to spend your Card above its credit limit.
- There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
- For the first 12 months from the date of account establishment, you’ll get an on purchase, there is a 0% introductory APR, followed by a variable rate of 13.24 percent to 19.24 percent, dependent on your creditworthiness and other characteristics at account opening.
- There is no yearly charge.
- Terms and Conditions apply.
Pros
- Purchases and balance transfers get a 0% APR for 12 months.
- Earn 2x points on all purchases.
Cons
- There is no enticing welcome offer.
- The amount of money you may spend to get 2x points is restricted to $50,000.
- Extended warranty protection: American Express will match the length of the original manufacturer’s warranty if it’s less than 2 years. It provides an additional 2 years if the original manufacturer’s warranty is between 2 and 5 years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: The issuer will repair, replace, or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.
Why we like it:
The American Express Blue Business Plus® card comes with a 0% introductory APR for the first 12 months and earns you 2x points on all transactions. Plus, if you spend $3,000 on qualifying purchases during the first three months of card membership, you’ll get 15,000 points.
When it comes to redeeming your points, you have a lot of options. This card provides a variety of benefits, including travel, gift cards, Amazon and other retail purchases, and automatic bill credits.
Blue Business CashTM from American Express
BEST FOR
Every swipe and a 0% introductory annual percentage rate (APR) for the first 12 months.
- After you spend $3,000 on your Card in the first three months, you’ll get a $250 statement credit.
- Earn 2% cashback on all qualifying purchases up to $50,000 per calendar year, after which you’ll get 1%. Earned cash back is immediately added to your account.
- Your company is continuously evolving, from workflow to inventory to floor layouts. As a result, with Expanded Buying Power, you have the ability to spend over your credit limit.
- Always keep in mind that the amount you may spend above your credit limit is restricted. It changes based on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
- For the first 12 months after account creation, you’ll get an on purchase, there is a 0% introductory APR, followed by a variable rate of 13.24 percent to 19.24 percent, dependent on your creditworthiness and other variables assessed at the time of account opening.
- There is no yearly charge.
- Terms and Conditions apply.
Pros
- For the next 12 months, there is no interest.
- On every purchase, get a constant 2% cash back incentive.
Cons
- There is no sign-up incentive in the form of money.
- The 2% cashback category has a limit of $50,000 in yearly expenditure.
- Extended warranty protection: American Express provides up to an additional year of coverage on warranties of up to 5 years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: The issuer will repair, replace, or reimburse you for an item purchased with the card that was damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.
- Baggage insurance: If your luggage is damaged or lost when you travel on a common carrier, such as a plane, trip, ship, or bus, American Express will reimburse you for losses not covered by your own personal insurance.
Why we like it:
This card offers 0% APR for the first 12 months, a low-interest rate, and there is no yearly charge. It offers easy cashback rewards, with 2% cashback on all eligible purchases up to $50,000 per calendar year, then 1% after that.
You’ll get a $250 statement credit if you spend $3,000 on qualified items in the first three months. If you prefer cashback to points, this is the card for you.
Mastercard® U.S. Bank Triple Cash Rewards World EliteTM
- Introducing the Mastercard® U.S. Bank Business Triple Cash Rewards World EliteTM the card that gives back on all your eligible business needs.
- Earn $500 in cashback for a limited time. Simply spend $4,500 on the Account Owner’s card during the first 150 days of your account being opened.
- Earn 3% cashback at petrol stations, office supply retailers, and telephone service providers on qualified purchases. as well as eateries
- All other qualified net purchases will earn you 1% cashback.
- There is no limit to the total amount of cashback that may be received.
- Reward points never run out.
- For regular software subscription fees like FreshBooks or QuickBooks, you may get a $100 statement credit per year.
- For 15 payment cycles, get an on purchase, there is a 0% introductory APR. and debt transfers. Then there’s a variable APR ranging from 13.99 percent to 22.99 percent.
- There is no yearly charge.
Pros
- On purchases and debt transfers, there is a 0% APR period.
- 3 percent cash back at petrol stations, office supply retailers, cellular service providers, and restaurants on qualified purchases
Cons
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that is damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of 5 years or less. An item with a 6-month warranty would be backed for an additional 6 months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Why We like it:
The U.S. Bank Triple Cash Rewards Visa® Business Card is a card that rewards you for everything you do. Both purchases and balance transfers get an introductory 0% APR for the first 15 billing cycles. You’ll get $500 back if you spend $4,500 in the first 150 days. You may also get 3% cashback at participating petrol stations, office supply retailers, telephone and service providers, and restaurants with this card.
You’ll earn 1% cashback on all other eligible purchases, plus an annual $100 software credit on recurring subscription expenses such as FreshBooks or QuickBooks. In addition, there’s There is no yearly charge, no limit on the total cash back earned, and Reward points never run out. It’s one of the best business credit cards for balance transfers.
Chase Ink Business Unlimited®
- After spending $7,500 on purchases in the first three months after creating your account, you’ll get $750 extra cashback.
- Earn an unlimited amount of 1.5 percent cash back on all purchases made for your company.
- There is no yearly charge.
- With Chase Ultimate Rewards®, you may get cashback, gift cards, travel, and more.
- Employee cards allow you to earn rewards quicker and at no extra expense. To get more control over your spending, set specific spending limitations.
- Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
- You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
- On purchases, there is a 0% introductory APR for the first 12 months.
Pros
- On purchases, there is a 0% introductory APR.
- On all purchases, you’ll get unlimited cash back incentives.
Cons
- Balance transfers are not eligible for the introductory APR period.
- 5% Fee for transferring funds
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Why we like it:
Keep things simple and easy with this card. As the name suggests, it offers unlimited 1.5% cashback on any purchase, with no cap and there is no yearly charge., and 0% APR on purchases for the first 12 months. You’ll also get $750 back after spending $7,500 in the first three months.
Because it charges a foreign transaction fee, this card may be a decent alternative if you don’t have time to keep track of purchase categories and limits, and your business-related transactions don’t entail overseas travel.
How We Decided On The Best 0% APR Credit Cards
We assessed hundreds of cards for their buying and saving capacity and gave you the ones with the greatest incentives, fees, continuing interest rate, and overall value to propose the absolute best cards for your company with a 0% APR.
Conclusion
Because 0% APR deals don’t last long, it’s a good idea to prepare ahead of time the purchases you’ll make with your card. If you’re searching for the best 0% card to transfer a balance from another card, bear in mind that not all 0% cards allow balance transfers, and most issuers will impose an additional fee, generally between 3% and 5% of the transfer amount.
Before choosing a business credit card, be sure to evaluate all other elements, such as the interest rate, perks, and how you will use the card.
