The U.S. Bank Business Platinum Card is our top overall pick for best business credit card for balance transfers, since it offers one of the longest intro APR promotions on balance transfers that’s currently available for a business credit card.
If you’ve ever used credit cards to help fund your business expenses, you probably know how easy it is to quickly rack up a large amount of debt. A balance transfer credit card can provide a great opportunity to transfer high-interest debt to a card with a lower interest rate — helping you save money and pay off debt faster.
While there are a good handful of business credit cards that allow balance transfers, there are very few that offer 0% intro APRs on balance transfers. Here is our list of the best business credit cards for balance transfers for the following categories:
How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.Long 0% intro APR
N/A, then 17.49% to 26.49% APR
The U.S. Bank Business Platinum Card is our pick for the best overall business balance transfer card because of its long interest-free period, during which you can pay off other high-interest debt. In addition, the card charges a $0 annual fee.
The card doesn’t come with a rewards program — however, when your goal is to pay down debt, it’s best to focus on paying off your transferred balance in full within the promotional period rather than racking up rewards. Still, this may be a good card to keep around even after you’ve taken advantage of the balance transfer promotion, as it carries a very reasonable APR once the promotion expires.
How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.Earn a valuable sign-up bonus
The U.S. Bank Triple Cash Rewards Visa® Business Card lets business owners earn a generous cash back rate on company expenses. It offers cash back rewards in popular business spending categories: Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center. No limit on total cash back earned.
As for its balance transfer credentials, it boasts a reasonable intro APR period — N/A (18.49% to 27.49% variable after the intro period ends) — in addition to its aforementioned strong ongoing value.
Further, this $0 annual fee card also offers a valuable sign-up bonus: Earn $750 in cash back — just spend $6,000 on the Account Owner's card in the first 180 days of opening your account.
How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.Low ongoing APR
Intro APR of 17.24% to 27.24% Variable on purchases and 17.24% to 27.24% Variable APR on balance transfers, followed by a 17.24% to 27.24% Variable APR
The PNC Visa® Business Credit Card offers one of the lowest ongoing APRs of any card out there — currently 17.24% to 27.24% Variable APR. It’ll also handle your balance transfer needs, since it comes with an Introductory 0% APR for the first 13 billing cycles following account opening on balance transfers.
And if there’s a chance you won’t be able to pay off the entire transferred amount before the introductory period ends, the PNC Visa® Business Credit Card may still be a good fit. This card offers the lowest ongoing balance transfer APR of the cards listed in this post: 17.24% to 27.24% Variable.
In addition, the PNC Visa® Business Credit Card charges a $0 annual fee. However, it doesn’t currently offer a sign-up bonus or rewards for the purchases you make.
How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.Save on fees: No annual fee, foreign transaction fee or balance transfer fee
While there are business credit cards available that offer intro APRs on balance transfers, the Edward Jones Business Plus MasterCard Credit Card may be the only one that doesn’t charge a balance transfer fee for balances transferred during the first 60 days of account opening.
The Edward Jones Business Plus MasterCard Credit Card comes with a $0 annual fee and $0 in foreign transaction fees. You’ll also earn 1.5 Loyalty Points on every net $1 spent up to $40,000 and 2 Loyalty Points on every net $1 spent over $40,000. Plus, new cardholders can earn 15,000 loyalty points after you spend $1,000 in the first 90 days of account opening.
It’s important to note that the Edward Jones Business Plus MasterCard Credit Card is only available to current Edward Jones customers. To apply, you can either ask your Edward Jones financial advisor, or log in your account and visit the loans & credit section.
| Credit Cards | Our Ratings | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | |
|---|---|---|---|---|---|
|
U.S. Bank Business Platinum Card*
|
Winner
|
N/A | 17.49% to 26.49% | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | |
|
U.S. Bank Triple Cash Rewards Visa® Business Card*
|
Business expenses
|
N/A | 18.49% to 27.49% variable | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | |
|
PNC Visa® Business Credit Card*
|
Low ongoing APR
|
Introductory 0% APR for the first 13 billing cycles following account opening on balance transfers | 17.24% to 27.24% Variable | Either $5 or 5% of the amount of each balance transfer, whichever is greater. | |
|
Edward Jones Business Plus MasterCard Credit Card*
|
No balance transfer fee
|
0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening | 19.74%–29.74% Variable | 0% introductory fee for balances transferred within the first 60 days; after that, 3% of each transferred amount, $5 minimum |
If you’re carrying a large amount of high-interest debt on a business credit card, moving that debt to a card with a 0% intro APR can bring some relief. In addition to helping you pay down the balance faster, a business balance transfer card can save you hundreds — possibly thousands — of dollars in interest charges, since your monthly payments will go directly to the principal balance (instead of the balance plus interest charges) during the promotional period.
If you are a business owner looking to open a balance transfer business credit card, you should consider the following:
When looking for a business balance transfer card, it’s important to take into account the amount of time you’ll have to pay off the transferred balance before the card’s regular APR kicks in. Business balance transfer credit cards often offer 0% intro APRs on balance transfers for anywhere from nine to 18 months.
If you don’t pay off your transferred balance by the end of the introductory period, you’ll be charged interest on the balance. If you think that’s likely to happen, choosing a card with a low ongoing APR is ideal.
Most business balance transfer cards have a balance transfer window, the amount of time you’ll have to transfer a balance and take advantage of the card’s interest-free period. It’s important to familiarize yourself with this timeline — which is often within the first 60 days of account opening — so you don’t miss out on the card’s 0% intro APR.
It’s common for balance transfer credit cards to charge a balance transfer fee of 3% to 5% of the amount of each transfer. Because the balance transfer fee is added to the card balance at the time of the transfer, it reduces the amount you’re able to transfer. Therefore, you’ll want to make sure that the amount you’re eligible to transfer to your new card is high enough to accommodate your existing credit card debt as well as the balance transfer fee.
While it can make sense to pay an annual fee if the value of the card’s benefits outweigh the cost, there are many business balance transfer credit cards that don’t have an annual fee.
The exact process to transfer your balance will vary slightly depending on what issuer and card you have, but the good news is that it’s usually a fairly straightforward process. If you want to transfer a balance to a new credit card, you can usually request the transfer during the application process. If you want to transfer a balance to an existing card, you can typically request the transfer from your online account or by calling the number on the back of your card.
Either way, you should be prepared to provide basic information, like the account number of the card you want to transfer a balance from and the amount you want to transfer. In addition — to avoid racking up late charges and/or delinquencies on your existing accounts — be sure to continue making payments until the transferred amount has been posted and the balance has been paid in full.
Learn how to do a U.S. Bank balance transfer.Balance transfers can impact your credit in a number of different ways. While simply transferring your balance from one credit card to another generally won’t impact your credit score, there are some scenarios where it can. Opening new credit cards can temporarily lower your credit score, and your credit score can also be impacted if you continue spending on your cards and increase your credit utilization ratio.
Yes, it is possible to do balance transfers on business credit cards — and there are several business credit cards that offer introductory 0% APRs on balance transfers.
The amount you can transfer will depend on a number of different factors. The biggest is the credit limit that you’re approved for on your new credit card, which you won’t know until you’re approved. You generally won’t be able to go above your credit limit with a balance transfer. Your credit card may also have a separate balance transfer limit — if you’re not sure how much you can transfer, contact your card’s customer service department.
Yes, you can generally transfer a balance from a business credit card to a consumer card, as long as your card’s terms and conditions allow it. However, there may be tax or legal consequences from moving debt from a business’s balance sheet to a personal credit card. Make sure to contact a tax or financial advisor to make sure that you understand all of the ramifications.
To select the best card for each of these categories, our credit card experts compared balance transfer credit cards on LendingTree.com and major issuer and credit union sites. We should note the following: While the number of credit cards that offer 0% intro APRs on balance transfers is currently very limited, the amount of balance transfer cards that charge a $0 balance transfer fee is even less.
We chose our top picks primarily based on factors like the length of the intro APR period on balance transfers and the balance transfer fee.
Other factors that come into play when making our selection may include the annual fee, rewards program and benefits offered by the card.
The information related to the U.S. Bank Business Platinum Card, U.S. Bank Triple Cash Rewards Visa® Business Card, PNC Visa® Business Credit Card and Edward Jones Business Plus MasterCard Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
