Nov 19, 2019

Best Low-Interest Business Credit Cards

Lendio sometimes receives compensation for credit card offers. This compensation may impact how products appear on this site (including, for example, the order in which they appear.) Lendio does not include all card companies or all card offers available in the marketplace. This editorial is from the viewpoint of Lendio, and not endorsed by any 3rd party. The information is accurate at the time of publication.

 

When using a credit card, it’s ideal to pay off any purchases in the cycle they were charged. But, especially when you’re a business owner, there are times when that’s not possible. 

Small businesses often rely on the financial cushion credit cards provide.  During those times, having a credit card with a low APR can save you a substantial amount in interest, allowing you more room to breathe in tight spots. Having a credit card with low interest allows you to use the money you would’ve spent paying off past purchases and reinvest it into your business.

Finding a credit card with a low interest rate isn’t a taxing task, but finding a low-interest credit card that actually fits your business can be trickier. There are dozens of low-interest credit cards to choose from. After reviewing many worthy options (such as The Blue Business Plus Credit Card by American Express and the Business Advantage Cash Rewards Mastercard Credit Card by Bank of America), we are going to highlight one in particular we think is exceptional.

Bank of America generally has low rates for their cards. Their Platinum Mastercard Business Credit Card has the lowest available rate of all their cards. As of the published date, here are the best features of the card: 

Outside of the introduction bonus, The Bank of America Platinum Mastercard Credit Card doesn’t come with rewards. Many businesses may see this as a turnoff. If earning rewards while you spend is the highest priority to you, Bank of America’s other business cards might entice you—they offer a Travel Rewards and a Cash Rewards option. However, while Bank of America is known for offering lower interest rates, those other cards still don’t offer an APR as low as the Platinum Mastercard Business Credit Card. 

It’s easy for rewards and bonuses to catch your eye, but when you focus on the root factors that will matter the most to your business, an advantageous APR becomes one of the most important. The Bank of America Platinum Mastercard Credit Card is our winner for best low-interest credit card.

 

Lendio sometimes receives compensation for credit card offers. This compensation may impact how products appear on this site (including, for example, the order in which they appear.) Lendio does not include all card companies or all card offers available in the marketplace. This editorial is from the viewpoint of Lendio, and not endorsed by any 3rd party. The information is accurate at the time of publication.

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