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Introduction

The coronavirus pandemic has impacted businesses across the United States, with many fearing a recession. If your business is being affected, managing cash flow becomes crucial. A powerful tool at your disposal is a 0% APR credit card, which can help you navigate through tough times without incurring additional interest costs.

0% APR Credit Cards

A friend of mine needed $15,000 to purchase new equipment for his store. With a tight budget, he applied for the Blue Business Plus card, which offers an introductory 0% APR for 12 months on purchases. He used the card to finance the equipment and paid it off gradually over the year, effectively securing an interest-free loan. Plus, he earned two points per dollar spent, making the deal even sweeter.

Many businesses, including real estate investors and vendors, use 0% APR offers to manage cash flow during slow periods. Whether you're dealing with delayed payments or just need to bridge a gap, these cards can be a lifeline.

Be Proactive

If you have good credit, it's wise to keep a business credit card with a 0% APR offer in your wallet. This way, when a slow month hits, you'll be prepared to roll over expenses and pay them off gradually once business picks up. These cards can be a crucial tool in managing your business cash flow without incurring interest.

Business Credit Cards Offering 0% APR

Here’s a list of some of the best business 0% APR credit card offers available now:

US Bank Business Platinum: Intro 0% APR for 20 months on purchases and balance transfers (approvals are rare).
US Bank Business Cash: Intro 0% APR for 15 months on purchases and balance transfers (approvals are rare).
Chase Ink Business Cash: Intro 0% APR for 12 months on purchases.
Chase Ink Business Unlimited: Intro 0% APR for 12 months on purchases.
Amex Blue Business Plus: Intro 0% APR for 12 months on purchases.
Amex Blue Business Cash: Intro 0% APR for 12 months on purchases.
Bank of America Business Travel Rewards: Intro 0% APR for 9 months on purchases.
Bank of America Business Cash Rewards Card: Intro 0% APR for 9 months on purchases.

What You Need to Know Before Taking Advantage of These Offers

Penalty APR: If you miss a payment, not only will you lose the 0% APR offer, but you could also be hit with a high penalty APR. Make sure you're aware of this before you take advantage of the offer.
Grace Period: When you make a balance transfer, you’ll lose the credit card grace period on new purchases. This means interest will accrue on new purchases from the date of the purchase, so it’s best to avoid making new purchases on the card.
Minimum Payment: Be sure you can afford the minimum payment on your new credit card. Understanding how the minimum payment is calculated can help you avoid any surprises.
Balance Transfer Limitations: You can’t transfer a balance from one card to another issued by the same bank. For example, you can’t transfer a balance from one Chase credit card to another Chase credit card.

For more details, you can read about balance transfers here.

Have a great day and stay safe!

Frequently Asked Questions

Q: If I want to max out my 0% APR cards, is there an order I should follow to avoid being shut down?
A: I recommend using Bank of America cards first, as they are more likely to shut down your account if they see you maxing out other cards.

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