Top 5 Small Business Credit Cards with 0 APR for the First 12 Months
Are you looking for a credit card for your small business? One that offers an interest-free period of 12 months? You’re in luck! In this article, we have gathered information on the top 5 small business credit cards with 0 APR for the first 12 months.
1. Chase Ink Business Cash
This credit card offers 0% APR for the first 12 months on purchases and balance transfers, which makes it an attractive option for small business owners. The card also comes with a sign-up bonus of $750 after spending $7,500 in the first three months. Besides, the card offers rewards on every purchase, including 5% cash back on office supply stores and internet, cable, and phone services, and 2% cash back on gas stations and restaurants. Moreover, this card has no annual fee, which is a considerable relief for businesses on a tight budget.
2. American Express Blue Business Cash Card
The American Express Blue Business Cash Card offers 0% APR for the first 12 months on purchases and balance transfers, making it a viable option for startup businesses with no established credit. The card offers a welcome bonus of $250 after spending $3,000 in the first three months. Additionally, it provides a 2% cash back on all purchases up to $50,000 in a year, and after that, the cashback drops to 1%. This card has no annual fee, and the cashback earned can be redeemed as a statement credit.
3. Capital One Spark Cash for Business
This credit card offers 0% APR for the first 12 months and rewards small business owners with unlimited 2% cash back on all purchases, making it an attractive option for businesses that spend a lot on their expenses. The Capital One Spark Cash for Business provides a sign-up bonus of $500 after spending $4,500 within the first three months of account opening. Moreover, it carries a $95 annual fee, which is waived the first year.
4. Wells Fargo Business Platinum Credit Card
This credit card offers 0% APR for the first 12 months on purchases and balance transfers. It is a no-frill card that carries no rewards program. But it is an attractive option for businesses that just need a credit card for financing their purchases and paying off their debts at no interest for the first year. This card has no annual fee and provides free employee cards, which can help businesses keep track of their expenses.
5. Discover it Business Credit Card
Discover it Business Credit Card offers 0% APR for the first 12 months on purchases and balance transfers. The card also has a unique cashback rewards program, where small business owners can earn 1.5% cash back for every dollar they spend on purchases, up to $1,200 per quarter, and unlimited 1% cash back after that. The card also offers a sign-up bonus of an automatic dollar-for-dollar match of all cashback earned in the first year. Besides, this card has no annual fee and provides free employee cards.
Conclusion
Choosing the right credit card for your small business has never been easy. It is essential to consider various factors, such as APR, rewards, fees, and benefits, before making a decision. The aforementioned credit cards provide small business owners with interest-free financing options for the first 12 months, along with other exciting incentives. Evaluate your business’s expenses and choose a credit card that best suits your needs.
