Low Interest Business Credit Card refers to the Business Credit Cards which carry Low Interest Rates. In case of Low Interest Business Credit Cards, if a credit card balance exists in the credit card account even when the Grace Period is over, then the card balance is charged with a interest rate which is quite low. So, the customers who cannot afford the credit balance in full in every month, can go for the Low Interest Business Credit Cards. In a way, these Low Interest Business Credit Cards save a lot of money on interest payments and this money can be used for paying the principal credit amount.
Some Low Interest Business Credit Cards are discussed below:
1. Advanta Platinum Business Card with Rewards
This card carries interest rates as low as 0% on Balance Transfers for the first 16 months from the date of account opening.
After completion of 16 months, fixed 7.99% APR(Annual Percentage Rate) is charged on Balance Transfers and 7.99% variable APR is charged on purchases made with the Business Credit Card.
There are many Low Interest Business Credit Cards available in the market. Here we will discuss two Low Interest Business Credit Cards which are counted among the most popular ones.
2. Platinum Business Credit Card from American Express
This card carries low introductory APR of 0% on purchases for the first 12 months from the date of account opening.
When the period of Introductory APR is over, fixed APR of 4.99% is charged on the Balance Transfers.
3. Discover Business Card
This card offers 0% APR on both Balance Transfers and Purchases made with the card for the first 12 months from the account opening date.
This card involves no Annual Fee.
4. Citi Business Card
Card holders are offered low APR of 0% on the Balance Transfer and Card purchases for the first 12 months from the account opening date.
Within this offer period the card holders are not required to pay any Balance Transfer Fee.