Business Credit Cards

In today's world, small businesses are the backbone of the economy. They provide jobs, products, and services that are essential to the daily lives of people. However, running a small business can be expensive, and sometimes, business owners need to borrow money to keep their businesses afloat. This is where credit cards come in handy. In this article, we will discuss the lowest interest rate small business credit cards of 2021.

What is a small business credit card?

A small business credit card is a credit card specifically designed for small business owners. It offers a variety of benefits such as rewards programs, cash back, and other incentives. These cards often have a higher credit limit than personal credit cards, making it easier for business owners to manage their expenses.

Why is the interest rate important?

The interest rate is the annual percentage rate (APR) charged by the credit card company for borrowing money. It is important to choose a credit card with a low interest rate because it can save you money in the long run. If you carry a balance on your credit card, you will be charged interest on that balance. The lower the interest rate, the less you will pay in interest charges.

Lowest Interest Rate Small Business Credit Cards of 2021

1. American Express Blue Business Cash Card The American Express Blue Business Cash Card offers a 0% introductory APR on purchases for the first 12 months. After that, the APR is a variable rate of 13.24% - 19.24%. There is no annual fee for this card, and it offers cashback on eligible purchases. 2. Chase Ink Business Cash Credit Card The Chase Ink Business Cash Credit Card offers a 0% introductory APR on purchases for the first 12 months. After that, the APR is a variable rate of 13.24% - 19.24%. There is no annual fee for this card, and it offers cashback rewards on eligible purchases. 3. Capital One Spark Cash Select for Business The Capital One Spark Cash Select for Business offers a 0% introductory APR on purchases for the first 9 months. After that, the APR is a variable rate of 13.99% - 23.99%. There is no annual fee for this card, and it offers cashback rewards on eligible purchases. 4. Bank of America Business Advantage Cash Rewards Mastercard The Bank of America Business Advantage Cash Rewards Mastercard offers a 0% introductory APR on purchases for the first 9 billing cycles. After that, the APR is a variable rate of 12.24% - 22.24%. There is no annual fee for this card, and it offers cashback rewards on eligible purchases.

Conclusion

In conclusion, a small business credit card can be a valuable tool for business owners who need to manage their expenses. Choosing a credit card with a low interest rate can save you money in the long run. The American Express Blue Business Cash Card, Chase Ink Business Cash Credit Card, Capital One Spark Cash Select for Business, and Bank of America Business Advantage Cash Rewards Mastercard are all great options for small business owners looking for a credit card with a low interest rate.