Popular 0% APR business credit cards in 2023

Are you on the hunt for a corporate card? Chances are you’ve seen countless offers for 0% APR. Some offer lucrative cashback rewards, other business credit cards have no annual fees, and still, others try to lure you in with enticing welcome offers. Of course, while all of these rewards programs seem exciting, what do they really have to offer your business?

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At Ramp, we know a thing or two about business credit cards. We'll go over the best business credit cards with 0% APR on the market today. We’ll also cover how to pick the right 0% interest business credit card and what you can do to increase your chances of qualifying for a 0% APR business credit card. 

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What is 0% introductory APR?

APR stands for annual percentage rate or interest rate. Credit card issuers apply this rate to transactions, purchases, or balance transfers made with your credit card. 

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Many credit cards will offer a promotion of a 0% intro APR period. This introductory offer allows new cardholders to make payments on their balance for a period of time without paying interest. The minimum time for an intro APR offer is six months, but some can last up to 21 months. 

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When the introductory APR period ends, the card issuer will apply your regular APR rate to your card. 

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Why choose 0% APR business credit cards?

Small businesses with limited initial capital may choose a business credit card with 0% introductory APR to finance large purchases. For example, making a $7,000 purchase on a card that has a 15-month introductory APR period means you’ll have 15 months to pay it off without paying additional interest. 

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Some companies apply for a credit card with 0% APR to pay down debt faster. Many of these cards offer the intro APR period to balance transfers. Transferring a higher balance from a card with a regular APR to one with 0% APR could result in you paying off your balance faster. 

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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. In most cases, you’ll qualify for most business credit cards if your personal FICO score is at least 690. Additionally, if your business isn’t incorporated under an LLC, you can apply for a business credit card using your social security number. 

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Do business credit cards have interest rates?

Typically, APR is charged annually based on your outstanding monthly balance. However, there are several other forms of APR that you should be aware of:

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• 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.

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Can you balance transfer on a business credit card?

There are a few reasons you might consider transferring a business credit card balance from one card to another.

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Pros:

• Lower interest rates. If you’re currently paying 22% in APR, it can be a huge cost savings over time to transfer your balance to a card that charges even a small percentage less in fees.
• Added convenience. It’s not uncommon for businesses to have multiple credit cards with multiple companies. Consolidating into just one or two cards can help you more easily track payments and save on fees.
• Lower credit utilization. Increasing the amount of credit available to you through a business credit card balance transfer can improve your credit score.

Cons:

• Balance transfer fees. While some credit card companies offer free balance transfers, others may charge between 3-5%. 
• Reduced average account age. A long credit history can have a positive impact on your credit score. Reducing it through a business credit card business transfer could reduce your credit score.
• Hard inquiry on your credit report. While a hard inquiry on your credit report is a minor infraction, it’s something to consider if you’re exploring a balance transfer.

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Introducing Ramp: the best 0% APR business card in 2023

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At Ramp, we are here to help businesses simplify spending while maximizing savings. Our Visa charge card comes equipped with integrated finance automation software. This built-in spend management platform saves you time and money through expense management, accounting automation and reporting, and AI-powered savings insights.

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Our business budgeting software gives companies of all ages control over their finances so they can focus on what really matters—growing their business.

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• Annual fee:$0
• APR: Always 0% 
• Welcome offer: $250 upon approval with no minimum spend required 
• Rewards: 1.5% cashback on all purchases 

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Pros:

• Welcome offer doesn’t require any minimum spend 
• No foreign transaction fees
• Cashback rewards are never capped 

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Cons: 

• Currently not available to freelancers or sole proprietors 

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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, net profit, etc 
• Integration with over 100 platforms, ranging from accounting software to HRIS platforms 

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Ramp works for any company looking to maximize their dollars and create a sustainable business. Businesses looking to increase their lifespan through intelligence and automation will find that Ramp helps them spend smart and save more.

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4 other low and zero interest business credit card options in 2023

There aren’t many providers that offer 0% APR business credit card options longer than 9 months. But there is such thing as a no interest business credit card 0% n. 

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Let’s break them down.  

1. 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. 

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Rewards:

• 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 

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Pros:

• No limit on cashback earned
• Intro APR applied to purchases and balance transfers

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Cons:

• Lacks benefits outside of cashback rewards 
• Requires high credit score for lackluster rewards 

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2. 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. 

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Rewards: 1.5% cashback rewards on business purchases 

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Pros: 

• Unlimited 1.5% cashback on all business purchases 
• Rewards never expire

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Cons: 

• No bonus reward categories 
• Not the best card for balance transfers 

3. 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. 

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• 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

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Rewards:

• 1.5% cashback rewards on all business purchases 
• 5% cashback on hotels and rental cars booked through Capital One Travel 

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Pros:

• Free employee cards 
• Ability to set up spend control limits for employee cards 
• No foreign transaction fees 

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Cons:

• Lacks variety of bonus rewards categories 
• 0% intro APR doesn’t apply to balance transfers 

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4. 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. 

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• 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

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Rewards: 

• 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

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Pros:

• 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 

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Cons: 

• 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 

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Low interest business credit cards vs 0% APR business credit cards 

At times, it may seem that a low-interest business credit card serves your company better than one with  0% APR. While most cards that offer low-interest rates begin with 0% APR, the period of introductory APR will vary.  

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A business credit card with 0% intro APR may save you money in the short term. However, if your business plans to carry a balance for several months, a low-interest business credit card is more advantageous for the long term. You can try requesting a lower APR from your current issuer, or look for low-interest cards that offer balance transfers to continue building positive credit while saving money. 

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How to select the best 0% APR business credit card for your needs

No two companies are alike. Startups might focus on cards that offer cashback to earn cashback for future purchases, while companies with international clientele may be more interested in travel miles. Other businesses may find that they stand to gain more from low-interest business credit cards than those with 0% APR. 

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For example, let’s say Startup Z is a company of 50 people and wants to finance several large purchases over the year without paying interest. They should look for a corporate card that has a longer 0% APR period, allowing them to roll over balances without paying interest. 

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On the other hand, Startup X is in the technology industry and will spend most of its money on travel.  To get the most rewards, they choose a card that offers more travel benefits and a higher percentage of cashback on travel purchases. 

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In yet another scenario, let’s say your business may have unpredictable monthly spending. In this case, a card with a preset limit may result in financial problems and fees for spending past the limit. This company should look for a 0% APR card without a spending limit that adapts to your spending and payment history. 

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What to consider when selecting a 0% APR  business credit card 

To pick the best 0% APR business credit card for your company, consider these factors: 

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1. Your business expenses: What category do the majority of your business expenses fall in? Will you be spending most of your budget at office supply stores? Or do your employees spend lots of time on the road visiting clients? The card you choose should have spending categories that align with your business spending habits. 
2. The 0% APR period length: Decide how long you need the 0% APR introductory period to be. Compare this time period with the perks offered by each card. It may be that a card with a shorter APR period has better benefits for your business. 
3. Balance transfer option: Does the card apply the 0% introductory APR to balance transfers? If not, how much is the balance transfer fee? 
4. Additional fees: Look at both the fixed and annual costs of the card. Some cards have annual fees, but these may come with impressive rewards programs. Cards lacking travel rewards may have high foreign transaction fees. Most cards have late fees and fees for exceeding the limit, so examine these carefully to avoid overpaying. 
5. Rewards: Check out the rewards that each business 
6. Variable APR: The 0% APR period will eventually turn into a standard APR. Although you may try to avoid carrying a balance, you’ll want to try and secure a low APR. Should you need to carry a balance or forget to pay, you won’t be stuck making hefty interest payments each month. 
7. Welcome offer: What is the welcome offer given by the card issuer? Does it come in the form of points or rewards? If a card offers a generous welcome bonus but requires you to spend big to get it, it might not be the best fit for younger businesses lacking capital. 

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Tips for maximizing your chances of obtaining a 0% APR business credit card

Obtaining a 0% APR business credit card can be a crucial part of your business success. While smaller companies may feel they lack the financial history or credit score needed to obtain a 0% APR corporate card, you can take steps to maximize your chances.  

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• 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. Check your credit before applying to understand where you fall.If you realize that your business credit score needs improvement, work on building positive business credit. Once you improve your score, maintain it by making regular payments and keeping your credit balance low. 

• See if your current provider runs a retention offer by letting them know you’re considering a replacement. If a card issuer has spent several hundred dollars in cashback or points to get you to open a card, they want to see a return on their investment. If you close your card or cease to use it soon after opening your account, the card issuer will lose money on you. To avoid this, issuers may extend retention offers to get you to keep your card open longer. Ask if your current card issuer would consider giving you a card with 0% APR for a period.
• Research options before you fill out applications so as not to negatively impact your credit score. Remember that no matter the amount of APR on the card, applying for new credit cards will result in a hard pull of your credit. Multiple pulls could result in a short-term negative impact on your business credit score.
• Keep existing credit utilization rate low. Most businesses like to charge large businesses a 0% APR credit card to pay back the debt without interest. However, keeping your credit utilization rate under 30% is best to avoid negatively impacting your credit score. 

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Get 0% APR with Ramp’s business card 

While many 0% APR cards can give you exciting perks and rewards, the right corporate card should go further. Along with a generous rewards program, your business card should equip your company with tools to improve your yearly financial performance. 

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Ramp supplies small business entrepreneurs with the business budgeting software they need to get control of their finances and manage their spending. Instead of encouraging spending to qualify for rewards points, you may never use, Ramp looks for ways your business can save big. 

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Fast-growing startup WizeHire saw firsthand how beneficial Ramp could be for young businesses. Before implementing Ramp’s spend management platform, WizeHire had employees sharing a single AmEx card. This made it difficult to empower its employees with decision-making and slowed company growth. After setting up Ramp, they could distribute employee credit cards and set spending limits on individual cards to control spending efficiently. Ramp was also able to help them save money on expensive Saas products through negotiating additional discounts to enjoy savings of 100k in seven months. 

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We believe your business card needs to support your company’s growth—not work against it. That’s why all our corporate cards come with integration capabilities for over 100 programs, all with no strings attached. 

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Discover our corporate card for startups and start scaling your business without interest today.