The Best Low Interest Credit Cards For Business

When it comes to finding a business credit card there tends to be fewer options than general credit cards, which can be a blessing or a curse. Variety often means greater competition, but fewer cards also makes it easier to compare different offers.

Another way to have a more focused approach is to look at specific credit card features and find business credit cards that stand out.

For example, if considering business expenses a low fee credit card is one of the best options because it gives more flexibility while still offering easier financial management.

As a starting point for the search for a good business card, the comparison between the Citibank Business credit card and the American Express Business Gold credit card below highlights what kind of rates and other features make these options perfect for different businesses.

Citibank Business Credit Card

With an interest rate of 20.74% p.a. and up to 55 days interest free, the Citibank Business card is the third-lowest rate card that they offer.

The annual fee of $149 is the same as their standard Gold credit card, but the added benefits of a concierge and point rates of a Platinum credit card make this card a great mix of business and pleasure.

The Citibank Business credit card also comes with a credit limit option of up to $60,000 to help you cover a range of business expenses, so it is definitely one worth considering.

American Express Business Gold Credit Card

With no pre-set spending limit, the American Express Business Gold credit card is ideal for businesses that expect to regularly pay by card.

The annual fee is slightly higher than Citibank’s at $169 and it does not have an advertised interest rate, but offers 51 days interest free so that there is time to organise finances between purchase dates and statements.

One of the best features of the American Express Business Gold credit card is that you can complete Business Activity Statements more easily using their GST itemisation features. All you have to do is download card account details directly to any Quicken, Microsoft Money, MYOB or Excel financial software.

From these two options it is clear to see that low rate business credit cards are made to suit a variety of different business situations. Comparing different cards and looking for features that tick most, or all, of the boxes will help you get a card that can be used easily time and time again.