Top 5 Small Business Credit Cards with 0% APR for Balance Transfers and Purchases

For small businesses, managing expenses is key to success. Having a credit card can be extremely beneficial, not only for making purchases, but also for obtaining a line of credit that can help a business through lean periods. However, with so many credit cards on the market, choosing the right one can be daunting. This article will review the top 5 small business credit cards with 0% APR for balance transfers and purchases.

1. Chase Ink Business Cash

The Chase Ink Business Cash card is one of the best options for small business owners. The card offers 0% APR on purchases and balance transfers for 12 months, as well as an introductory bonus of $750 cash back after you make $7,500 in purchases within the first 3 months. The card also offers 5% cash back on office supplies, internet, cable, and phone services, 2% cash back on gas and dining, and 1% cash back on all other purchases. There is no annual fee for this card and additional employee cards are free.

2. American Express Blue Business Cash Card

The American Express Blue Business Cash Card is another great option for small business owners. The card offers 0% APR on purchases and balance transfers for 12 months, as well as a 2.7% foreign transaction fee. The card also offers 2% cash back on all purchases up to $50,000 per year and 1% cash back on all purchases after that. There is no annual fee for this card and additional employee cards are free.

3. Bank of America Business Advantage Cash Rewards Mastercard

The Bank of America Business Advantage Cash Rewards Mastercard is a solid choice for small business owners. The card offers 0% APR on purchases and balance transfers for 9 billing cycles, as well as a $300 statement credit after making at least $3,000 in purchases within the first 90 days of opening the account. The card also offers 3% cash back on purchases made in one of six categories (gas, office supply stores, travel, TV/telecom & wireless, computer services, or business consulting services), 2% cash back on dining, and 1% cash back on all other purchases. There is no annual fee for this card and additional employee cards are free.

4. Capital One Spark Cash for Business

The Capital One Spark Cash for Business is a great option for business owners who are looking for a flat-rate cash back card with no categories to track. The card offers 0% APR on purchases and balance transfers for 12 months, as well as an introductory bonus of $500 cash back after you spend $4,500 in the first 3 months. The card also offers unlimited 2% cash back on all purchases. There is a $95 annual fee for this card after the first year, but additional employee cards are free.

5. Wells Fargo Business Platinum Credit Card

The Wells Fargo Business Platinum Credit Card is a good option for small business owners who are looking for a simple card with a long introductory period for balance transfers. The card offers 0% APR on purchases and balance transfers for 18 months, as well as a $500 cash back bonus after you spend $5,000 in purchases within the first 3 months. There is no annual fee for this card, but there is a 3% balance transfer fee (with a minimum of $5).

Conclusion

Choosing the right credit card for your small business can be a daunting task, but it’s worth the time and effort to find a card that fits your business’ needs. The five cards discussed in this article are a great starting point and should be considered based on their individual features and perks. Remember to read the fine print and compare the fees and rewards offered by each card before making a decision.