Blue Cash® for Business Credit Card Review

Blue Cash® for Business Credit Card Online Application

0% Purchase APR for the first 6 months.
No Annual Fee.
Earn up to 5% Cash Rebate.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
0%*	6 months*	7.99%*	None.*	NA*	excellent / good*

This credit card by American Express is offering a zero annual percentage rate introductory rate for the first six months. With many cards such a low introductory rate often means an outrageous regular rate will kick in after the initial period. This one, however, has a very reasonable rate even after the first six months. If you have a good credit review, you can qualify for a 7.99% (prime plus 4.99%) rate after the introductory rate expires. Those who do not qualify for that low rate will be given higher rates up to (prime plus 9.99%) for purchases on this card.

The interest rate on this card is a variable rate. This means that your rate will vary depending on what the prime lending rate is each month. Many business owners like variable rate cards because they are not locked into a high rate even when rates fall. This allows them to use a lower rate to finance large purchases when needed. The Blue Cash card also allows you to transfer other credit card debt in a balance transfer at a good rate. You must request this balance transfer right at the time you apply for the card to take advantage of the low 7.99% rate. This low rate lasts for the entire life of this transferred balance too, so that is a good way to save money if you are carrying debt on a higher interest card.

This card is a good fit for people who own businesses and who may not have perfect credit but also don't have bad credit. They can still qualify for cash back rewards with the Blue Cash for Business Credit Card by American Express and take advantage of the other American Express services that come along with it. Travel insurance and purchase protection are among those other services. Purchases you make with this card will earn you 2.5% cash back rewards.

There is no spending limit on this card but the cash back rewards are not unlimited. If you spend over $15,000 in a year on the Blue Cash for Business Credit Card, the cash back rebate rate drops to 1% on anything over that first $15,000 spent. Generally, this is a good card for business owners who may not qualify for lower rate or higher reward point cards. It still allows for some decent rates and some not bad cash back rewards.