Popular 0% APR business credit cards in 2023
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A 0% APR business credit card gives you the opportunity to make purchases and pay no interest for a period of 9, 12, or even 15 months. This means you don't need to pay the balance in full every month to avoid interest during this time.
At Ramp, we know a thing or two about business credit cards. In this guide, we'll cover the top business credit cards with 0% APR, along with how to choose the right one for your business. Plus, we'll offer some tips for increasing your chances of qualifying.
Why choose 0% APR business credit cards?
Business credit cards with a 0% APR period can be a great tool for large purchases or balance transfers. The extended grace period can help you grow your business or lower your interest on existing debt.
For example, a business might take advantage of a 0% APR business credit card with an introductory period to finance the purchase of new inventory. This would allow them to make interest-free payments over the upcoming period, offering them the chance to manage their expenses more easily and foster business expansion.
On the other hand, a business could opt for a 0% APR business credit card with an introductory period to facilitate the transfer and settlement of a costly high-interest business loan. This wise decision allows them to avoid interest fees throughout this time, making it easier to get rid of their debt.
Can you get a business credit card with no revenue?
Typically, you don’t need revenue or a business plan to qualify for a business credit card. Usually, you’ll qualify if your personal FICO score is at least 690. If your business isn’t incorporated under an LLC, you'll just have to apply using your social security number (SSN) instead of your EIN.
Do business credit cards have APR?
Business credit cards typically have annual interest rate you'll pay if you carry a balance on your card. You usually can't get 0% interest on a business credit card long-term, though many come with an introductory 0% APR period.
In addition to the annual rate, there are a few other forms of APR that you should be aware of:
- Monthly APR: This is calculated by dividing your APR by 12 and then multiplying that number by your credit card balance.
- Daily Periodic Rate (DPR): Instead of dividing your interest per month or year, DPR spreads it out over the course of the month.
- Variable APR: Most APR rates are fixed, but some credit cards offer variable APRs that fluctuate based on what’s happening in an index fund or other financial markets.
Balance transfers on business credit cards
You might consider doing a balance transfer if most of your debt from one card can be paid off on the other before its interest-free period ends, or if one card has a lower interest rate.
Some business credit cards allow balance transfers during their introductory APR period. You'll need to read through their terms to check if balance transfers are allowed.
Here are some pros and cons of balance transfers:
- Lower interest rates. If you’re currently paying 22% in APR, transferring your balance to a card that charges even a tiny percentage less in fees can help cut costs substantially.
- Added convenience. If you have multiple credit cards with different providers, consolidating them into just one or two cards can help you more easily track payments and save on fees.
- Lower credit utilization. Increasing your amount of available credit through a balance transfer can help build your credit score.
- Balance transfer fees. While some credit card companies offer free balance transfers, others can charge between 3–5%.
- Reduced average account age. A long credit history will reflect positively on your credit score. Reducing it through a balance transfer could have a negative impact.
- Hard inquiry on your credit report. Applying for any new credit card will result in a hard inquiry on your credit report. Hard inquiries can temporarily reduce your score, so consider limiting yourself to one new card for a balance transfer.
5 low and zero-interest business credit card options in 2023
1. Ramp Corporate Card
At Ramp, we're here to help businesses simplify spending while maximizing savings. Our Visa charge cards come with built-in spend management software to save you time and money through expense management, accounting automation and reporting, as well as AI-powered savings insights.
Our business budgeting software gives you control over your finances so you can focus on what really matters—growing your business.
- Annual fee: $0
- APR: Always 0%
- Rewards: 1.5% cashback on all purchases
- Spend management software
- No foreign transaction fees
- Cashback rewards are never capped
- Currently not available to freelancers or sole proprietors
Take a closer look at some of our card's best features:
- Digitalize spend management with virtual business credit cards for employees with recurring spend limits
- Actionable AI savings insights to help your business eliminate unnecessary spending
- Negotiation services ensure you don’t overpay for software
- Create custom spend workflows to streamline the management of big expenses
- Tap into AI-powered invoice processing to easily pay vendors by check, ACH, or card
- Gain access to Ramp’s expense tracker tool to keep track of business expenses contributing towards metrics like operating profit, gross profit, and net profit
- Integration with over 100 platforms, ranging from accounting software to HRIS platforms
Ramp works for any company looking to maximize their cash and create a sustainable business. If your business is looking to increase its sustainability through intelligence and automation, Ramp can help you spend smart and save more.
2. U.S. Bank Business Triple Cash Rewards World Elite Mastercard
U.S Bank’s Business Triple Cash Rewards World Elite Mastercard offers a 0$ annual fee, 0% APR for 15 billing cycles, and 3% cashback on select purchases. However, when stacked up against other 0% APR business cards, it leaves a lot to be desired in rewards.
- Annual fee: $0
- APR: 0% APR for 15 billing cycles, then variable APR between 18.49% - 27.49%
- Welcome bonus: Earn $500 in cashback after spending $4,500 in the first 150 days after account opening.
- Earn 3% cashback on eligible purchases at gas stations/EV charging stations, restaurants, cell phone service providers, and office supply stores
- 1% cashback on all other business purchases
- No limit on cashback earned
- Intro APR applied to purchases and balance transfers
- Lacks benefits outside of cashback rewards
- Requires high credit score for lackluster rewards
3. Chase Ink Business Unlimited Credit Card
Chase’s Ink Business Unlimited Credit Card is a no-frills 0% APR credit card. With a flat rate of 1.5% cashback on every business purchase, you earn cash whether you’re spending money on office supplies, gas, or business outings. However, if the majority of your business takes place overseas, this isn’t the card for you. High foreign transaction fees make it a pain to travel internationally.
- Annual fee: $0
- APR: 0% APR for 12 months on purchases after account opening, then variable APR of 17.74% - 23.74% for purchases and balance transfers.
- Welcome bonus: $900 cashback after spending $6,000 on purchases within 3 months of account opening.
Rewards: 1.5% cashback rewards on business purchases
- Unlimited 1.5% cashback on all business purchases
- Rewards never expire
- No bonus reward categories
- Not the best card for balance transfers
4. Capital One Spark Cash Select
Businesses that spend lots of time in the air will enjoy the travel cashback opportunities with this card. But while the 0% APR intro period is 12 months, you might find yourself struggling to keep up with payments once the higher regular APR kicks in each month.
- Annual fee: $0
- APR: 0% APR on purchases for 12 months, then regular APR of 17.49% - 23.49% on purchases and balance transfers
- Welcome bonus: Earn a $500 cash bonus if you spend $4,500 on purchases in the first three months from your account opening
- 1.5% cashback rewards on all business purchases
- 5% cashback on hotels and rental cars booked through Capital One Travel
- Free employee cards
- Ability to set up spend control limits for employee cards
- No foreign transaction fees
- Lacks variety of bonus rewards categories
- 0% intro APR doesn’t apply to balance transfers
5. Bank of America Business Advantage Customized Cash Rewards Mastercard
The card is fairly standard. The lack of bonus features and rewards spending cap don’t make this card a standout option for big spenders.
- Annual fee: $0
- APR: 0% Introductory APR for 9 billing cycles, then a variable APR of 16.74% to 26.74%.
- Welcome bonus: $300 statement credit online bonus after making at least $3,000 in net purchases during the first 90 days of your account opening
- 3% cashback in the rewards category of your choice (choose from gas stations, office supply stores, travel, TV, telecom, wireless, computer services and business consulting services) default category is gas stations
- 2% cashback on dining purchases (Earn 3% and 2% cashback in the combined choice category and dining purchases up to $50,000)
- Unlimited 1% cashback on all other purchases
- 3% cashback rewards can be in the category of cardholder’s choosing
- Cardholders with a Bank of America checking account can earn up to 75% more rewards
- Foreign transaction fee makes it difficult to take this card overseas
- 9 months 0% intro APR period is shorter than competing cards
- 0% Intro APR doesn’t apply to balance transfers
0% introductory APR vs. low-interest business credit cards
If you plan to carry a balance for several months, you may be better off choosing a card with no introductory zero-APR period if it has a lower interest rate.
Some business credit cards are known for offering relatively low ongoing interest rates. Credit unions also typically offer business credit cards with competitive interest rates.
What to consider when selecting a 0% APR business credit card
To pick the best 0% APR card for your company, consider these factors:
- Rewards: The card you choose should offer rewards on purchases you actually make, whether that's in categories like travel, office supplies, or software. Or, consider a card with universal cashback on all purchases.
- The 0% APR period length: Figure out how long you'll need 0% APR if you plan to initiate a balance transfer.
- Balance transfer option: Does the card apply the 0% introductory APR to balance transfers? If not, how much is the balance transfer fee?
- Additional fees: Look at the card's fixed and annual costs. Some cards have annual fees, but these may come with impressive rewards programs. Most cards have late fees and spending limits, so examine these to avoid overpaying.
- Variable APR: Cards with a 0% APR period will eventually transition to a standard APR, so try to choose one with a lower interest range.
Tips for maximizing your chances of obtaining a 0% APR business credit card
Smaller businesses with a shorter credit history can have a hard time applying for certain business credit cards. Here's some steps you can take to maximize your chances of qualifying:
- Check and maintain your credit score. When applying for a business credit card, your personal credit score is also looked at, especially for newer businesses. Make sure you're not maxing out any cards you already have to maintain your credit score.
- Limit your credit card applications to avoid impacting your credit score. Remember that no matter the amount of APR on the card, applying for new credit cards will result in a hard inquiry of your credit. Multiple inquires could result in a short-term negative impact on your business credit score.
- Look for cards that approve based on sales. If you run an ecommerce business, you may qualify for a Ramp card based on your sales history, even if you don't qualify for other cards.
Get 0% APR with Ramp’s business card
0% APR business credit cards can lead to overspending and debt if not used responsibly.
Ramp's corporate charge cards have 0% APR and 1.5% cashback on all purchases. Our cards are also connected to expense management software to help you cut costs and automate your business finances.
Discover our corporate card for startups and start scaling your business without any interest.