Having a credit card for a businessman has become a necessity nowadays. You should be really cautious while picking 0 interest credit cards for you.

A 0 interest credit card with an introductory offer on purchases, balance transfers, or both can help you avoid interest charges for a limited time and potentially save hundreds of dollars. Compare the best 0% intro APR credit cards available from our partners and get expert advice on debt management.

What Is A Credit Card?

Credit cards are notorious for charging higher interest rates than many other financial products, but some cards offer a 0% APR promotional period. Some 0% APR credit cards allow you to avoid paying interest on both purchases and balance transfers, while others only offer one or the other.

A credit card is a type of credit facility offered by banks that allows customers to borrow funds up to a predetermined credit limit. It permits consumers to make purchases of goods and services.

When comparing 0% APR cards, keep in mind that some may lack features, such as rewards and other perks, that will keep you using the card long after the promotional period has ended.

Benefits Of A Credit Card

1. Buying on credit facility: The credit limit granted to the cardholder is what makes a credit card appealing. You can buy whatever you want within that limit and pay later. Even if you buy expensive items on credit, your monthly budget will not be affected. The ability to convert the total amount of your purchases into low-cost EMIs, allowing you to repay it easily over time, is one of the most significant benefits of a credit card.

2. The most commonly used method of payment: If you have this card, you can travel anywhere without carrying much cash. You can use a credit card to pay for anything because it is the most widely accepted method of payment.

3. Withdrawal of interest-free cash: A few credit cards allow you to withdraw money up to a certain limit in an emergency, with no interest charged for 45 to 50 days. It is useful in times of financial emergency.

4. Infinite reward points: Business cards, like personal credit cards, offer loyalty points, cashback, and other perks for various transactions. Assume you have a business credit card that provides travel rewards. In that case, you can earn points and redeem them for discounted (or even free) hotel stays and airline tickets.

This helps to reduce your business travel expenses. Not only do business credit cards provide travel credits, but they also provide cashback offers on gas, dining, and shopping, among other things.

Capital one venture card is for all the travel reward seekers who love to have a stylish metal card in their collection.

Features And Applications Of Capital One Venture Card

If you want to earn easy-to-manage travel rewards on all purchases, this card is a great option. Even if you’re not traveling, the boosted miles on all spending can easily earn 1:1 value through most of the transfer partners available.

Introduction To Capital One Venture Card

Flat-rate travel rewards cards are a widely known option for people who want to earn rewards on all of their purchases in one place. Moreover, despite its $95 yearly fee, the Capital One Venture Credit Card is an outstanding example.

On all purchases, you can earn an unlimited number of 2X miles. When compared to many other travel rewards cards, which typically only earn rewards for travel spending, this is a valuable perk for people who want to maximize the number of rewards they earn.

The Advantages Of The Card

When compared to other travel rewards cards that only earn miles for specific flight and hotel bookings, the card offers unlimited, flat-rate travel miles on all purchases.

It has no foreign transaction fees, so you won’t have to worry about them if you use the card abroad.

It provides numerous benefits, including a $100 credit toward the application fee for Global Entry or TSA PreCheck (unlike the Capital One Venture One Rewards Card)

Read also: 5 Best Chase Business Credit Card

The Disadvantages Of The Card

Unlike the Capital One Venture X card, the $95 annual fee isn’t entirely offset by yearly benefits, so look elsewhere if you want to completely offset yearly fees with rewards or prefer a low-cost travel rewards card with no annual fee.

Unless you use certain airline transfer programs, miles are worth 1 cent or less, which can limit your overall earning potential.

This card has a high spending requirement to earn the full sign-up bonus, so if you’re currently budgeting your travel expenses or don’t travel frequently enough to spend $4,000 within three months, this card (and possibly its sibling cards) may not be the best fit for you.

Other Benefits Of The Card

A high rewards rate

While most branded airline credit cards earn only one point for every dollar spent on purchases other than those made with the airline, the Capital One Venture Credit Card keeps things simple. You’ll get 5 miles for every dollar spent on hotels and car rentals booked through Capital One Travel, and an unlimited 2 miles for every dollar spent on everything else.

A sizable sign-up bonus

With its bonus offer for new cardholders, the Venture Credit Card gives you a head start on your next trip: Enjoy a one-time bonus of 75,000 miles  after spending $4,000 on items purchased in less than three months of account opening, equivalent to $750 in travel.

Lounge Access

The Capital One Venture Rewards Credit Card includes two complimentary visits to Capital One Lounge locations or a partnering Plaza Premium Lounge per year. Following that, cardholders have access to a special entry rate of $45 per visit.

Capital One Venture Credit Card Rewards

Earning Rewards

The venture card earns 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases, putting it near the top of the flat-rate reward card rankings. Aside from the welcome bonus, it has no categories or other earning benefits.

The card comes with a welcome bonus of 75,000 miles after spending $4,000 on purchases within three months of account opening, which is equivalent to $750 in travel.

Redeeming Rewards

Most customers’ reward redemption options with the Venture card will be limited to travel rewards. Miles can be redeemed for purchases on Paypal.com or Amazon.com, but these will generally not earn the best value. Miles redemptions for purchases on these sites typically earn only 0.8 cents per dollar more than the 1 cent per dollar value for eligible travel redemptions.

The ability to transfer miles to travel partners is a great feature of Capital One Miles. Although these redemptions may necessitate more effort than redeeming points for previous travel, transferring miles to travel partners may provide the best value per point.

Tip: Buying travel with the card and then redeeming miles to cover the cost is a better financial move than booking through Capital One Travel with miles. You’ll earn miles on the reservation and be able to use your accumulated earnings to offset the purchase this way.

Rewards Potential

To determine the Venture card rewards potential, we look at bonus categories and calculate how much an average American household would spend in those categories.

We use data from various government agencies to calculate baseline income and spending averages across a variety of categories. We base our spending on the 70th percentile of wage-earning households, which earn $107,908 per year.

According to the data, the household has $32,072 in expenses that can be charged to a credit card, including $1,100 in hotel and $1,100 in rental car purchases. In addition to the first-year welcome bonus, the Venture would earn 70,744 miles per year at 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an infinite 2 miles for every dollar spent on other items purchased.

These miles can be redeemed for $707 in value toward eligible travel purchases or transferred to Capital One’s travel partners for potentially greater value.

Frequently Asked Questions

.

Having a business credit card is really helpful and has become a necessity these days. Chase business Credit Cards are the best practice in this manner.

The Best 5 Chase Business Credit Card

If you are a seeker of mind-blowing offers and rewards from your credit card company then you should really consider Chase Business Credit Cards. Whether you’re a corporate person or a soccer coach, they always have something under the sleeves to benefit your business.

Introduction

Chase is a consumer credit card behemoth, but it also dominates the business credit card market. Whether you’re coaching soccer on weekends for a few extra dollars or running a large software sales company, a Chase business credit card can provide a plethora of benefits to your company.

A financial relationship with Chase can be a valuable asset that can benefit your business in the long run, so obtaining a Chase credit card should not be taken lightly. Managing your credit wisely with Chase can reap long-term benefits.

We’ll have to say “trust us on this,” because it’s difficult to understand the validity of these claims until you’ve obtained one of its business cards, established a business relationship, and benefited directly.

Join us as we look at a few key Chase cards that offer cash-back, travel rewards, and other benefits that any business owner can appreciate.

Benefits Of Having a Business Credit Card

1.       Increasing Your Company’s Credit Score: When it comes to credit, new businesses have a completely blank slate. Isn’t that wonderful? Not at all. Lending institutions are unsure what to think in the absence of a credit history. They have no idea whether you will be able to repay a loan. This can make obtaining financing more difficult.

2.       Separating Business and Personal Finances: It’s a good idea to apply for a dedicated credit card as soon as your company has a business bank account.

3.       Obtaining Greater Financing and Better Terms: Personal credit cards are designed to cater to consumers’ spending habits, which typically means lower spending amounts on electronic items and home furnishings. This credit limit is simply sufficient for many businesses. Inventory purchases on a weekly or monthly basis can quickly deplete available funds. 

4.   Taking Advantage of Company-Specific Benefits: Personal credit cards may provide benefits such as miles redeemable for free flights. Business credit cards may provide greater travel rewards, more miles, higher cash-back percentages, or more appealing sign-up bonuses. This is due to the fact that business owners are likely to spend far more per month than the average consumer.

Top 5 Chase Business Credit Card

However, unlike some small-business credit card issuers, Chase does not offer a secured business card (or secured personal card), and you will typically need a good credit score (690+) to qualify.

Our favorite Chase business credit cards are listed below, along with everything you need to know to decide if one is right for your small business.

1.Ink Business Preferred Credit Card

With the Ink Business Preferred® Credit Card, you earn points for all of your purchases, plus bonus points in specific business categories where you are likely to spend the most.

In addition, the card provides flexible redemption options, such as access to Chase airline and hotel transfer partners. Business owners will also appreciate the card’s benefits, which include cell phone insurance, purchase protection, rental car insurance, and more.

2. Ink Business Cash Credit Card

The Ink Business Cash® Credit Card has many advantages that make it an appealing option for small business owners. Each account anniversary year, the card offers 5% back on up to $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services.

 When you consider that the card has no annual fee and 0% intro APR on purchases for 12 months (variable 15.49% – 21.49% thereafter), you could be adding significant value to your business at no cost.

Your card comes with Fraud Protection, your card transactions will be monitored in real time for possible signs of fraudulent activity.

3. Ink Business Unlimited Credit Card

As a business owner, you’re probably very busy and prefer a credit card that keeps things simple.

If so, then Ink Business Unlimited® Credit Card could be ideal for you. From the zero annual fee to the flat cash-back rate, the card is a no-frills option worth considering.

This card comes with a lot of benefits like you’ll get 1.5% cash-back on all your purchases and you don’t have to pay anything as an annual fee. Also, it has 0% introductory APR on purchases for 12 months; thereafter variable 15.49% – 21.49%

You can earn $750 in bonus cash after spending $7,500 on purchases within the first three months of account opening.

4. Chase Ink Business Premier

The Chase Ink Business Premier* is a rewarding card for certain businesses that have high annual spending and prefer to earn cash back over travel rewards. Those looking to transfer their reward points to airline and hotel programs and upgrade their travels, on the other hand, should look elsewhere.

The card comes with a $1,000 cash back welcome bonus after spending $10,000 on purchases within the first three months of account opening. This card is a good choice for those who want to earn cash back because of the high bonus and the impressive earning structure for high-spending businesses.

Although, to have all of this you have to pay a high three-figure annual fee of $195 for Chase Ink Business Premier.

5. United Business Card

For business owners who fly United Airlines, the United Business Card can be a useful travel companion with benefits that far outweigh the annual fee.

The card can help alleviate common business-travel issues when flying with United. That is perhaps most important when it comes to your luggage, whether checked or carried on.

In addition, when compared to other airline credit cards, its bonus-rewards categories are extremely beneficial, not only for business travel but also for everyday use. This makes it appealing to entrepreneurs with side businesses.

How Do You Pick a Perfect Credit Card For You?

Most business owners and operators will want to analyze their company’s spending before deciding on a rewards card to see which card will provide the best return on investment.

Read also: 7 Best Business Credit Cards Of 2022 | Review

Read also: 5 best debt consolidation loans in the USA

Read also: Best loans for Business | Best Banks for Business loans

Consider the following questions:

• Does your company spend money on things like office supplies?
• Is your company using an automatic bank transfer to pay other expenses such as utilities?

Many business vendors charge a credit card processing fee surcharge when paying invoices with a card, so paying your vendors by card may not make financial sense in some cases.