What are the New Low Business Credit Card Rates? by Peter Carville

Sometimes the lowest credit card interest rates you can get are the introductory rates available on business credit cards. It is easy to find business credit cards that offer 6 or more months at 0% APR when you sign up. Some even offer free balance transfers and 0% interest on those for a certain period of time. Such balance transfers are a good idea when you know you could pay off the balances within the time frame given by the card issuer.



Keep in mind that the 0% teaser rates start when you activate the card - not when you transfer a balance. If you have a 0% APR on balance transfers, but wait 3 months to transfer a balance from another card, then you'll only have 3 months to pay it off. It's also important to know what the regular interest rate will be.



With the True Earnings Business Card from Costco and American Express, you get 0% APR for the first six months, with the regular interest rate equal to the prime rate plus 11.99%. This card offers 4% cash back on annual gasoline purchases, 3% for restaurant expenses, 2% for travel expenses, and 1% for everything else. It is intended for established businesses with excellent credit. There is no annual fee for those with Costco memberships.



The AT&T Universal Business Rewards Card offers 0% interest on purchases for 6 months, and you earn 5 "Thank You Points" for each dollar you spend on certain AT&T products and services. You also earn points for office supply purchases and other purchases. There is no annual fee, and the regular APR is 10.24%.



The Starwood Preferred Guest Business Credit Card from American Express has a regular interest rate of prime + 9.99% and has no annual fee for the first year ($45 after that). You earn Starpoints with each purchase that you can redeem at participating Starwood hotels and resorts, including Sheraton, Westin, and W hotels. You can also transfer frequent flier miles from other programs onto this card.



Like with any credit card program, the better your credit history, the better deal you'll get with credit card issuers. If you are within your first few years of business, then your business credit history will be intertwined with your personal credit history. After a few years of established good practices, you can sometimes get the card issuer to separate the two credit histories so that personal and business credit histories no longer mix.

Peter Carville is a freelance article writer who writes for Financial Facts about the current financial news and the credit crunch.

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