Money Analysed

Maximize Your Business Cash Flow: Top 0% Intro APR Credit Cards

When it comes to running a successful business, having a credit card that meets your needs is essential. Business credit cards offer a range of benefits, such as helping to manage cash flow, earning rewards and perks, and building credit.

If you’re looking for a credit card with a 0% introductory APR, there are several factors to consider when choosing the right one. In this article, we’ll discuss the factors you should consider when selecting a 0% intro APR business credit card and provide a list of the best cards on the market.

Choosing a 0% Intro APR Business Credit Card

When selecting a 0% intro APR business credit card, it’s essential to consider your business needs, rewards program, annual fee, and any additional perks.

Business Needs

Consider how you will use your business credit card. Are you looking for a card that will help you manage cash flow?

Do you plan on making large purchases in the near future that you need more time to pay off? Understanding your business needs will help you determine which card is right for you.

Rewards Program

Many 0% intro APR business credit cards offer rewards programs. These programs vary by card, so it’s essential to consider which rewards program meets your business needs.

Some cards offer cashback on purchases, while others offer travel rewards. If you plan on using your credit card frequently, choosing a card with a rewards program can be a great way to earn benefits for your business.

Annual Fee

Some 0% intro APR business credit cards come with an annual fee. When considering a card with an annual fee, you need to weigh the cost of the fee against the benefits you will receive.

Many cards that come with annual fees offer more significant rewards and perks. If you plan on using your credit card frequently and earning rewards, a card with an annual fee may be beneficial.

Business Perks

Finally, think about any additional perks that come with the card. Some cards offer perks like travel insurance, rental car insurance, and access to airport lounges.

If these perks are important to your business, be sure to consider them when selecting a 0% intro APR business credit card. Best 0% Intro APR Business Credit Cards

With so many options on the market, it can be challenging to determine which card is right for you.

Here are five of the best 0% intro APR business credit cards available. 1.

The Blue Business Plus Credit Card from American Express

The Blue Business Plus Credit Card from American Express is an excellent choice for businesses that want to earn rewards while enjoying a 0% introductory APR. With this card, you can earn 2X membership rewards points on eligible purchases for your business, up to $50,000 per year.

The card comes with a 0% intro APR on purchases for 12 months, followed by a variable APR based on your creditworthiness. Plus, there is no annual fee with this card.

2. American Express Blue Business Cash Card

The American Express Blue Business Cash Card is a great choice for businesses that want to earn cashback on purchases.

With this card, you can earn 2% cashback on all eligible purchases, up to $50,000 per year. The card also comes with a 0% intro APR on purchases for 12 months, followed by a variable APR based on your creditworthiness.

There is no annual fee with this card. 3.

Ink Business Cash Credit Card

The Ink Business Cash Credit Card from Chase is an excellent option for businesses that want to earn cashback on purchases. You can earn 5% cashback on the first $25,000 spent on office supplies, internet, cable, and phone services each account anniversary year.

You also earn 2% cashback on the first $25,000 spent on gas stations and restaurants each account anniversary year. The card has a 0% intro APR on purchases for 12 months, followed by a variable APR based on your creditworthiness.

There is no annual fee with this card. 4.

Ink Business Unlimited Credit Card

The Ink Business Unlimited Credit Card from Chase is an option for businesses that want to earn cashback with a simple rewards program. You earn 1.5% cashback on every purchase, with no limit to the amount you can earn.

The card has a 0% intro APR on purchases for 12 months, followed by a variable APR based on your creditworthiness. There is no annual fee with this card.

5. Capital One Spark Cash Select for Good Credit

If you have excellent credit, the Capital One Spark Cash Select for Good Credit is a great option for earning rewards.

With this card, you earn 1.5% cashback on all purchases. The card has a 0% intro APR on purchases for nine months, followed by a variable APR based on your creditworthiness.

There is no annual fee with this card.

Conclusion

Selecting the right 0% intro APR business credit card can help you manage cash flow, earn rewards, and build credit. By considering your business needs, rewards program, annual fee, and additional perks, you can choose a card that meets your unique needs.

The five cards outlined in this article are some of the best options on the market, offering a range of rewards programs and additional perks.

3) American Express Blue Business Cash Card

The American Express Blue Business Cash Card is a fantastic choice for businesses that want to earn cashback on their purchases while also enjoying a 0% introductory APR for 12 months. With this card, you can earn a statement credit instead of traditional rewards points.

You can earn 2% cashback on all eligible purchases, up to $50,000 per year. After spending $50,000, you will receive 1% cashback.

The rewards you earn can be redeemed as statement credits, which can be applied to your account balance and help offset the cost of future purchases. Additionally, this card has no annual fee, which makes it a great option for businesses with lower budgets.

The American Express Blue Business Cash Card also comes with several additional benefits and perks. One of them is rental car insurance, which can save you money on your next business trip.

This coverage is provided at no additional cost and covers damage to the rental vehicle, theft, and towing. Another valuable feature of this card is the Global Assist Hotline.

This service is available 24/7 and provides medical, legal, and general travel assistance to cardholders while traveling more than 100 miles from home. This service is also free of charge and can give you peace of mind while on business trips.

4) Ink Business Cash Credit Card

The Ink Business Cash Credit Card from Chase offers a competitive cashback rewards program for businesses, making it an excellent option for those looking to earn rewards while managing their cash flow. The card also has a 0% introductory APR on purchases for the first 12 months, making it easier for businesses to make large purchases and pay them off over time.

The rewards program for the Ink Business Cash Credit Card is centered on cash back. You can earn up to 5% cashback on the first $25,000 spent on office supply stores, internet, cable, and phone services each account anniversary year.

Additionally, you can earn 2% cashback on the first $25,000 spent at gas stations and restaurants each account anniversary year. This card also has a sign-up bonus of $750 cashback after spending $7,500 on purchases within the first three months of opening your account.

This bonus can be a significant boost for businesses looking to maximize their rewards in the first few months of card ownership. In addition to the rewards program, the Ink Business Cash Credit Card comes with several valuable additional benefits.

One of the most notable is rental car insurance. When you charge your car rental on your card, you’ll be covered for theft and collision damage at no additional cost.

The card also provides purchase protection, which covers your purchases for up to 120 days against damage or theft. It also extends the manufacturer’s warranty on eligible items by an additional year.

Additionally, if you have any car trouble while on a business trip, you can use the roadside dispatch service provided by the card.

Conclusion

Selecting the right business credit card can be an essential part of building a successful business. By choosing a card with a 0% introductory APR, businesses can benefit from managing their cash flow while earning valuable rewards.

The American Express Blue Business Cash Card and the Ink Business Cash Credit Card are two excellent options that offer cashback rewards programs and additional benefits. Each card offers unique benefits, so be sure to consider the rewards program, annual fee, and additional perks when selecting which card is right for your business.

5) Ink Business Unlimited Credit Card

The Ink Business Unlimited Credit Card from Chase is a great option for businesses that want to earn cashback rewards with a simple rewards program. This card has a 0% intro APR on purchases for the first 12 months, making it easier for businesses to make necessary purchases and pay them off over time.

The rewards program for the Ink Business Unlimited Credit Card is straightforward: you earn unlimited 1.5% cash back on purchases. Additionally, this card has a sign-up bonus of $750 cashback after spending $7,500 on purchases within the first three months of opening your account.

One of the benefits of this card is that you can issue employee cards for your staff at no additional cost. This can be a great way to ensure that your team has access to the funds they need to keep your business running smoothly.

In addition to the rewards program, the Ink Business Unlimited Credit Card comes with several valuable additional benefits. One of them is rental car coverage.

When you rent a car with your card, you’ll be covered for theft and collision damage at no additional cost.

The card also provides purchase protection, which covers your purchases for up to 120 days against damage or theft.

Additionally, it extends the manufacturer’s warranty on eligible items by an additional year.

6) Capital One Spark Cash Select for Good Credit

The Capital One Spark Cash Select for Good Credit is an excellent option for businesses looking to earn a high rate of cash back on their purchases. This card also has a 0% intro APR on purchases for the first 12 months, making it easier for businesses to make necessary purchases and pay them off over time.

The rewards program for the Capital One Spark Cash Select for Good Credit is centered on cashback rewards. You can earn 5% cash back on the first $2,000 spent on purchases each quarter in categories such as office supplies and internet services.

Additionally, you can earn unlimited 1% cash back on all other purchases.

One of the benefits of this card is that you can get employee cards for your staff at no additional cost.

You can even set spending limits, so you don’t have to worry about overspending.

Capital One also offers several tools and features that can help businesses manage their accounts more efficiently.

For example, you can set up free automatic payments to ensure that your payments are always made on time. If you’re on a business trip and have car trouble, you can use the roadside assistance service provided by the card.

Furthermore, you’ll be provided with rental collision coverage and travel assistance, saving you money on future trips.

Finally, there is no foreign transaction fee for this card.

This is great if you have to travel abroad for business since you won’t be hit with any extra fees. Finally, the card has an early spend bonus of $200 cash back after spending $3,000 in the first three months, making it a great option for businesses that need to make larger purchases at the outset.

Conclusion

When choosing the right business credit card, it’s essential to consider factors such as the rewards program, annual fee, and additional benefits. The Ink Business Unlimited Credit Card and Capital One Spark Cash Select for Good Credit are two excellent options, each offering unique benefits for businesses.

By considering the rewards program and additional benefits of each card, businesses can choose a card that helps them manage their cash flow while earning valuable rewards.

7) FAQs

How Opening a Business Credit Card Affects Your Credit Score

Opening a business credit card can affect your credit score, but it will depend on how the credit card company evaluates your creditworthiness. When you apply for a business credit card, the credit card company will likely do a hard inquiry on your credit report.

A hard inquiry can have a temporary negative impact on your credit score, but it is typically minor and lasts a short period. Your payment history on the business credit card can also impact your credit score.

If you make on-time payments each month and keep your balance low, it can have a positive impact on your credit score. Late payments or carrying a high balance can harm your credit score.

Paying off a 0% Intro APR Credit Card

When you have a 0% intro APR credit card, you won’t be charged interest on your balance for a specific period. However, it’s still important to make your payments on time and have a plan for paying off your debt before the introductory period ends.

If you don’t pay off your balance by the end of the 0% intro APR period, you’ll be charged interest on the remaining balance. One strategy for paying off your balance is to aim to pay off the full balance by the end of the intro period.

If that isn’t possible, you can divide your remaining balance by the number of months in the remaining period and make equal payments each month to pay off the balance before the intro period ends. It’s important to have a plan in place and to stick to it to avoid paying interest on your balance.

Using EIN to Apply for a Credit Card

An employer identification number (EIN) is a unique nine-digit number issued by the IRS that is used to identify a business entity for tax purposes. When applying for a business credit card, you’ll typically need to provide either your EIN or your Social Security number (SSN).

If you have an EIN for your business, you can use it to apply for a business credit card instead of using your SSN. Using your EIN can help keep your personal and business finances separate and may also help protect your personal credit score since the credit card company won’t do a hard inquiry on your personal credit report.

However, if your business is new, you may need to provide your personal guarantee to apply for a business credit card, which means that you will be personally responsible for any debt incurred on the card. Be sure to read the terms and conditions carefully before applying for a business credit card.

8)

Conclusion

A business credit card can offer a variety of benefits for businesses of all sizes. One of the most significant advantages of a business credit card is increased spending power, which can help businesses make the purchases they need to keep their operations running smoothly.

Additionally, business credit cards typically offer lower interest fees and travel coverage, as well as purchase protection. They also offer the ability to issue employee cards, which can help businesses manage their finances more efficiently.

Finally, many business credit cards offer rewards programs, allowing businesses to earn valuable benefits like cashback or travel rewards. By choosing a business credit card that meets your needs and using it responsibly, you can help your business thrive.

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