How to Calculate Your Business Credit Card Payment?

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How to Calculate Your Business Credit Card Payment?

Businesses should consider using a business credit card. This financing option provides them with flexible capital for monthly costs in addition to perks like points and cash back. 

Before applying for a business credit card, utilize the Lendzero Business Credit Card payment calculator to see your monthly payments. Insert the information below:

  • Requested credit card balance: The cap is at $100K.
  • Interest rate: Rates for working capital loans provided by Lendzero’s partners begin at 1.00% but can be as high as 34.00%.
  • Percentage of balance to be paid: For each payment, you’ll need to pay a portion of your credit card balance in addition to the interest that is owed. The portion will vary between 1-5%.

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