Advertiser & Editorial Disclosure
A business credit card can be one of the most expensive ways to get capital for your company. But while the average interest rate is 19.67%, some credit cards offer rates much lower than that — if you qualify.
Some cards even offer an introductory 0% APR promotion, giving you time to finance a large expense or pay off a balance from another business credit card interest-free. Read on to learn about our top picks for business credit cards with low interest rates and why they’re worth considering.
1.
If you want a great introductory 0% APR promotion, a below-average ongoing interest rate, and great rewards, the Blue BusinessSM Plus Credit Card from American Express is for you.
For starters, the card offers an APR of , after which the APR is . So regardless of which rate you qualify for, it’s lower than the average of 19.67%.
The card doesn’t charge an annual fee, but you’ll pay the greater of $5 or 3% on balance transfers.
2.
If you prefer travel rewards to cash back, the is a solid choice. When you first get the card, you’ll enjoy an APR of .
You’ll also receive great rewards for a card with no annual fee. For starters, you’ll earn .
You’ll also get Finally, if you’re planning on traveling abroad, the card doesn’t charge a foreign transaction fee.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
3.
The Bank of America® Platinum Visa® Business credit card combines the benefit of an introductory 0% APR promotion and a low ongoing rate after it’s over. You’ll enjoy an APR of , after which it changes to .
While the card’s 0% APR promotion is shorter than others on our list, qualifying for the low end of the card’s APR range can keep interest costs low as you use the card regularly.
The card also offers a . It doesn’t, however, offer ongoing rewards on your everyday purchases. The card doesn’t charge an annual fee.
Bank of America® Platinum Plus® Mastercard® Business card
Which card is best for you?
There’s no single business credit card out there that’s best for everyone. As you compare these and other top business credit cards, it’s important to know your priorities and preferences.
For example, the chance to earn great rewards could be worth giving up some other perks, and vice versa. Regardless of which card you choose, it’s important to use the card wisely to avoid high interest costs.
In general, using a business credit card for operating expenses is best because it’s easier to pay off your balance each month. If you need to make a large purchase, a card with a 0% APR promotion can be helpful, but paying your card’s regular APR may not be worth it.
This article was originally written on November 16, 2018 and updated on February 6, 2020.
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