0%APR Business Credit Cards
0% intro APR credit card stacking enables you to leverage multiple approvals of 0% intro APR to cards to help pay for unexpected expenses or big-ticket purchases. Enjoy low intro APR on purchases during the eligibility period.
- Approval range: $15,000 - $200,000
- Maximum stack: Up to 8 cards, subject to approval
- Terms: 12-24 months
How Do 0% APR Business Credit Cards Work?
With these cards, credit card issuers typically offer 0% interest for a limited period of time: 12-24 months is typical. After that introductory period ends, the interest rate will revert to a higher variable rate APR. Any remaining balance, as well as new purchases, will accrue interest at that new rate as long as there is a balance on the card. (Most cards offer a grace period so you can pay the balance in full each billing cycle to avoid interest charges.)
Benefits of 0%APR Business Credit Cards
Provide startup financing
It’s often hard for new businesses to qualify for business loans, and these cards can provide crucial startup capital at a low cost.
Finance large purchases for a short period of time
Depending on the intro APR period, you may have several months or over a year to pay for a large purchase without incurring interest. This may give you time to earn revenue on that investment to help pay back the debt, or simply free up cash flow for other purposes.
Help build business credit
Almost all business credit cards report to at least one business credit reporting agency, and on time payments can help build good business credit scores.
Separate personal and business credit
Most business credit cards don’t appear on the cardholder’s personal credit reports unless they don’t pay back the balance. This can help protect the business owner’s personal credit from high debt utilization.
Track business expenses
Using a business credit card to pay for business expenses helps keep your business finances organized, and can make tax time easier.
Earn rewards and perks
If your 0% APR card also earns rewards, like cash back or rewards points, or perks like car rental insurance, you can really come out ahead.
Eligibility:
To be approved for this product, Riverhead requires a minimum credit score of 700 and below 30% credit utilization.
Tips to master your business finances
Prioritize Financial Education
Continuous learning is essential in the dynamic field of business finance.
Establish a Robust Accounting System
Accurate financial data is the foundation of sound decision-making.
Seek Professional Guidance
Engage with financial advisors, accountants, or consultants to gain valuable insights.
Your burning question, answered
Why should I care about financial planning?
What are the different types of investments?
How can I start saving for retirement?
What is the importance of emergency funds?
What can I use a personal loan for?
What is a personal loan?
What credit score is needed for a personal loan?
How much money can I get a personal loan for?
Ready to partner with Riverhead?
Apply in less than 5 minutes with no impact to your credit score.