The Capital One Business platinum card offers small businesses the ability to save money by utilizing a 0% APR for at least the first nine months of having the card. Unlike many other business credit cards, the Capital One Business Platinum is able to offer an introductory rate of 0% APR while also having a lower annual fee than many other business cards.
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Although there are no additional rewards, the savings from a 0% annual percentage rate can save small businesses a lot of money, especially during the initial start up of the business.
Capital One Business Platinum Credit Card Benefits
Currently, the Capital One Business Platinum offers an introductory rate of 0% APR until June of 2012. Beginning in July of 2012, the Annual Percentage Rate increases from 0% to 19.99 variable APR.
The annual fee, while not waived for the first year like other Capital One Business Cards, is only $39. Additional cards for employees can be obtained with no cost and no additional annual fee.
In addition, if the card needs to be used for both personal and business use, the cardholder is able to request a detailed year-end and month end statement that has all the charges categorized.
All Capital One Visa Business Cards offer the following benefits:
- Waiver program for damage resulting from a car rental collision
- Additional security and protection
- Available emergency and travel assistance
- Dining discounts courtesy of Visa
Capital One Platinum Credit Card customers can also request a credit line increase based on a positive payment history. The APR can be increased if any monthly payments are missed.
Businesses are not liable for unauthorized purchases made if the card was stolen or lost.
Capital One Business Platinum Bottom Line
The 0% introductory Annual Percentage Rate is a positive, although the rate does go up to nearly 20% after less than a year. With a lower annual fee, this card may be best for businesses that are able to pay the majority of their balance each month.
Many online credit card choices exist; just use the simple credit card chaser tool now!