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A balance transfer credit card can help you pay down existing high-interest debts from another credit card. The best business credit cards for balance transfers are those that offer introductory 0% Annual Percentage Rate (APR) periods and have $0 or low balance transfer fees. Consider the annual fees, ongoing interest rates, and rewards when deciding which card is right for you. We include personal and regular business credit cards in our recommendations.
Here are the seven best business credit cards for balance transfer transactions:
- U.S. Bank Business Platinum Card: Overall best business credit card with 0% introductory balance transfer APR for 18 months
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard: Best for earning up to 5% cash back with 0% APR for 15 months
- BMO Business Platinum Credit Card: Best for 0% balance transfer APR for 18 months and rebates through Mastercard Easy Savings®
- Edward Jones Business Plus Mastercard: Best for $0 balance transfer fee and 0% APR for 12 months
- Capital One Spark Cash Select for Good Credit: Best for $0 balance transfer fee and unlimited 1.5% cash back
- Citi Simplicity® Card: Best personal card with interest-free balance transfers for 21 months
- PNC Visa Business Credit Card: Best for low ongoing APR and 0% balance transfer APR for 13 months
If you want to see how a credit card stacks up against others, click Add to Compare on the cards. You can compare up to three credit cards on this page or a credit card here against two other cards on our site.
U.S. Bank Business Platinum Card: Overall Best Business Credit Card With 0% Introductory Balance Transfer APR for 18 Months
U.S. Bank Business Platinum Card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
On US Bank’s Secure Website
Intro APR
0% intro on purchases for 18 billing cycles
Regular APR
17.24% – 26.24% Variable
Credit Needed
Good, Excellent
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24% – 26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee. Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Intro APR
0% intro on purchases for 18 billing cycles
Regular APR
17.24% – 26.24% Variable
Credit Needed
Good, Excellent
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24% – 26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee. Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Why We Like It
We chose this as our overall best business credit card for balance transfer because it offers a 0% APR period for the first 18 billing cycles, applicable to both purchases and balance transfer transactions. To be eligible, you must transfer your balance within 30 days after opening an account.
Other Benefits
- Charges $0 annual fee
- Lets you monitor expenses with the Visa Business Reporting tool
- Offers a 0% introductory period on purchases for the first 18 billing cycles
- Allows you to divide eligible purchases into equal monthly payments without interest through U.S. Bank’s ExtendPay® Plan; note that a fixed monthly fee will be added to your credit card bill
Who Should Consider It
- Those intending to transfer a significant balance and pay it over a longer-than-usual period without interest
- Those who are not after earning rewards on purchases
U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard: Best for Earning up to 5% Cash Back With 0% APR for 15 Months
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those wanting to earn up to 5% cash back with long 0% APR period
On US Bank’s Secure Website
Intro APR
0% intro on purchases for 15 billing cycles
Regular APR
19.24% – 28.24% Variable
Credit Needed
Good, Excellent
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
- 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 Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
0% intro on purchases for 15 billing cycles
Regular APR
19.24% – 28.24% Variable
Credit Needed
Good, Excellent
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
- 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 Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Why We Like It
It offers a 0% introductory APR period on purchases and balance transfers for the first 15 billing cycles. It also lets you earn the following cash back rewards on your purchases:
- 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center
- 3% cash back at gas stations, office supply stores, and mobile phone service providers
- 1% cash back on all other eligible purchases
Other Benefits
- Earn $500 cash back when you spend $4,500 in the first 150 days
- Divide eligible purchases into equal monthly payments without interest through the U.S. Bank’s ExtendPay® Plan—just pay a small monthly fee
- Get a $100 credit for recurring software subscription expenses, such as FreshBooks and QuickBooks
- Enjoy a $0 annual fee
Who Should Consider It
- Those with recurring software subscriptions
- Those who need a long 0% APR and want to earn rewards
BMO Business Platinum Credit Card: Best for 0% Balance Transfer APR for 18 Months and Rebates Through Mastercard Easy Savings®
BMO Business Platinum Credit Card
BEST FOR:
Those with existing BMO checking accounts intending to make large purchases or transfers
on BMO Business Platinum Credit Card’s secure website.
Regular APR
16.49% to 25.49% variable
Credit Needed
Good to Excellent
- 0% introductory APR on purchases for 18 months from date of account opening
Pros
- Has a 0% introductory period on purchases and balance transfers
Cons
- Does not offer rewards for its new and existing cardholders
- BMO bank is located in only located in the following states: Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
- Extended warranty: Get double the original manufacturer’s―or United States store brand―warranty for up to one year on most new items you buy with your card. Note that these items must have an original manufacturer’s warranty of one year or less.
- Cellphone protection: Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to your card. Note that terms and restrictions apply.
- Discounts on Intuit QuickBooks® and TurboTax®: Enjoy discounts on both Intuit QuickBooks® and TurboTax®, which can help streamline your accounting and simply your taxes. Note that terms and restrictions apply.
Regular APR
16.49% to 25.49% variable
Credit Needed
Good to Excellent
- 0% introductory APR on purchases for 18 months from date of account opening
Pros
- Has a 0% introductory period on purchases and balance transfers
Cons
- Does not offer rewards for its new and existing cardholders
- BMO bank is located in only located in the following states: Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
- Extended warranty: Get double the original manufacturer’s―or United States store brand―warranty for up to one year on most new items you buy with your card. Note that these items must have an original manufacturer’s warranty of one year or less.
- Cellphone protection: Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to your card. Note that terms and restrictions apply.
- Discounts on Intuit QuickBooks® and TurboTax®: Enjoy discounts on both Intuit QuickBooks® and TurboTax®, which can help streamline your accounting and simply your taxes. Note that terms and restrictions apply.
Why We Like It
Business owners with active BMO business checking accounts intending to make significant purchases or balance transfers may consider this card. You can take advantage of a 0% introductory period on balance transfers and purchases for the first 18 months and up to 25% savings at over 40,000 merchants through the Mastercard Easy Savings®.
Other Benefits
- Add up to 20 employee cards at no additional cost
- Get up to $600 in cell phone protection after charging your monthly wireless telephone bill to the card
- Enjoy discounts on Intuit QuickBooks and TurboTax to help streamline your accounting and taxes
Who Should Consider It
- Businesses based where there are BMO branches Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida
- Those with BMO business checking accounts (read our review of BMO business checking)
- Registered corporations (S or C), limited liability companies (LLC), or sole proprietorships; nonprofit organizations are ineligible
Edward Jones Business Plus Mastercard®: Best for $0 Balance Transfer Fee & 0% APR for 12 Months
on Edward Jones Business Plus MasterCard®’s secure website.
Regular APR
20.24% to 29.99% variable
Annual Fee
None with at least one purchase to your account each year, otherwise $25
Credit Needed
Good to excellent
- 1.5 Loyalty Points for every $1 spent on eligible net purchases up to $40,000
- 2 Loyalty Points for every $1 spent on eligible net purchases over $40,000 in the same year
- 4 Bonus Loyalty Points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Pros
- Welcome offer
- Introductory 0% APR and $0 fee on balance transfers
- $0 annual fee option
Cons
- No 0% APR on purchases
- High purchase requirements to earn higher rewards
- Worldwide travel accident insurance
- Free credit score access
- Online and mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Regular APR
20.24% to 29.99% variable
Annual Fee
None with at least one purchase to your account each year, otherwise $25
Credit Needed
Good to excellent
- 1.5 Loyalty Points for every $1 spent on eligible net purchases up to $40,000
- 2 Loyalty Points for every $1 spent on eligible net purchases over $40,000 in the same year
- 4 Bonus Loyalty Points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Pros
- Welcome offer
- Introductory 0% APR and $0 fee on balance transfers
- $0 annual fee option
Cons
- No 0% APR on purchases
- High purchase requirements to earn higher rewards
- Worldwide travel accident insurance
- Free credit score access
- Online and mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Why We Like It
This is the only card on our list that charges $0 for balances transferred within the first 60 days of account opening. It offers a 0% introductory period on balance transfers for the first 12 billing cycles. Also, the more you spend, the higher the rewards you can earn—you’ll receive 1.5% cash back (or 1.5 Loyalty Points®) for up to $40,000 worth of purchases in a 12-month cycle, then 2% cash back (or 2 Loyalty Points®) on your purchases over $40,000.
Other Benefits
- Earn 4 bonus Loyalty Points® per dollar spent on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
- Get 15,000 bonus Loyalty Points® after spending $1,000 in eligible net purchases within the first 90 days of opening your account
- Get the annual fee waived after making at least one purchase to your account each year; otherwise, you will be charged $25
- Enjoy $0 foreign transaction fees
- Manage your account through Spend Analysis, which is a free online tool that can help track business expenses
Who Should Consider It
- Those wanting to save on balance transfer APR and balance transfer fees
- Those who usually spend more than $40,000 per year to take advantage of the premium rewards rate
Capital One Spark Cash Select for Good Credit: Best for $0 Balance Transfer Fee & Unlimited 1.5% Cash Back
card_name
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Businesses with good credit that want a 0% introductory APR and fixed 1.5% cash back rewards
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Credit Needed
credit_score_needed
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere – with no limits or category restrictions
Pros
- Charges $0 annual, balance transfer, and foreign transaction fees
- With intro 0% APR on purchases
- Free employee cards
Cons
- No intro 0% APR on balance transfers
- No welcome offer for new cardholders
- High cash advance and penalty APRs
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards. In addition, you can set customized spending limits for employee cards and see transactions as soon as they post
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Credit Needed
credit_score_needed
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere – with no limits or category restrictions
Pros
- Charges $0 annual, balance transfer, and foreign transaction fees
- With intro 0% APR on purchases
- Free employee cards
Cons
- No intro 0% APR on balance transfers
- No welcome offer for new cardholders
- High cash advance and penalty APRs
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards. In addition, you can set customized spending limits for employee cards and see transactions as soon as they post
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
Why We Like It
This card is designed for those with good credit standing who want to take advantage of $0 balance transfer fees at any time. It also lets you earn unlimited 1.5% cash back on all purchases and 5% cash back on hotels and rental cars booked through Capital One Travel.
Other Benefits
- Pay $0 annual and foreign transaction fees
- Take advantage of 0% APR on purchases for the first 12 months
- Enjoy more lenient credit requirements
Who Should Consider It
- Those wanting to save on credit costs
- Those who have good credit standing and could not qualify for other credit cards that require a higher credit score
It is one of our leading business cards for self-employed because of its simple rewards program and few fees. Note that while it comes with $0 balance transfer fees, it doesn’t have a 0% APR period on balance transfers.
Citi Simplicity® Card: Best Personal Card With Interest-free Balance Transfers for 21 Months
Citi Simplicity® Card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Startups who need a lengthy 0% APR period fund business expenses
On Citi’s Secure Website
Intro APR
0% for 12 months
Regular APR
19.24% to 29.99% variable
Credit Needed
Good – Excellent
- Citi Simplicity® Card doesn’t offer any rewards for its new and existing cardholders.
Pros
- One of the longest 0% APR periods available
- $0 annual fee
Cons
- No rewards for new and existing cardholders
- Cannot build business credit
- Flexible payment due date: You can choose your preferred due date at the beginning, middle, or end of the month. In addition, you have the flexibility of paying either the full balance or just the minimum payment due every month.
- Mastercard® Identity Theft Protection program: If you’re a victim of identity theft, this can help you resolve the matter.
- Zero liability protection: Zero liability protects you against unauthorized charges on your account. You won’t be responsible for a charge that you didn’t authorize.
- No additional fees: Citi® does not charge additional fees, such as late fees or penalty rate, on the Citi Simplicity® Card.
Intro APR
0% for 12 months
Regular APR
19.24% to 29.99% variable
Credit Needed
Good – Excellent
- Citi Simplicity® Card doesn’t offer any rewards for its new and existing cardholders.
Pros
- One of the longest 0% APR periods available
- $0 annual fee
Cons
- No rewards for new and existing cardholders
- Cannot build business credit
- Flexible payment due date: You can choose your preferred due date at the beginning, middle, or end of the month. In addition, you have the flexibility of paying either the full balance or just the minimum payment due every month.
- Mastercard® Identity Theft Protection program: If you’re a victim of identity theft, this can help you resolve the matter.
- Zero liability protection: Zero liability protects you against unauthorized charges on your account. You won’t be responsible for a charge that you didn’t authorize.
- No additional fees: Citi® does not charge additional fees, such as late fees or penalty rate, on the Citi Simplicity® Card.
Why We Like It
Business owners who could not yet qualify for a business credit card would want this personal credit card as it gives a 0% introductory APR for balance transfers for the first 21 months—the longest period among the listed cards. It also offers a 0% introductory period on purchases for the first 12 billing cycles from the date of account opening.
Other Benefits
- Enjoy $0 annual and late fees
- Get a 0% penalty rate in case you miss a payment
- Choose to pay your bill on any available due date, letting you enjoy the flexibility of paying your balance in full or just the minimum payment due each month
Who Should Consider It
- Those who don’t mind not earning rewards on purchases
- Those who don’t need to build business credit
PNC Visa® Business Credit Card: Best for Low Ongoing APR & 0% Balance Transfer APR for 13 Months
PNC Visa® Business Credit Card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Existing PNC Bank account holders that need to carry a balance
on PNC Visa® Business Credit Card’s secure website.
Intro APR
0% for the first 13 billing cycles after opening an account on balance transfers
Regular APR
15.24% to 25.24% variable
Credit Needed
Good to Excellent
- No annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- Does not charge an annual fee
- With an interest-free financing option on balance transfers
Cons
- No interest-free financing option on purchases
- No rewards for new and existing cardholders
- Can only apply online if you have an existing online bank account with PNC Bank
- With a high penalty interest rate
- Cash Flow Insight®: Helps you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables.
- Travel accident insurance: You’re covered by travel accident insurance if you die or are seriously injured while traveling.
- Roadside Dispatch®: A pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services.
- Overdraft protection: You can set up your PNC Visa® Business Credit Card as overdraft protection for your PNC business checking account to ensure that you have funds when needed.
Intro APR
0% for the first 13 billing cycles after opening an account on balance transfers
Regular APR
15.24% to 25.24% variable
Credit Needed
Good to Excellent
- No annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- Does not charge an annual fee
- With an interest-free financing option on balance transfers
Cons
- No interest-free financing option on purchases
- No rewards for new and existing cardholders
- Can only apply online if you have an existing online bank account with PNC Bank
- With a high penalty interest rate
- Cash Flow Insight®: Helps you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables.
- Travel accident insurance: You’re covered by travel accident insurance if you die or are seriously injured while traveling.
- Roadside Dispatch®: A pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services.
- Overdraft protection: You can set up your PNC Visa® Business Credit Card as overdraft protection for your PNC business checking account to ensure that you have funds when needed.
Why We Like It
This business credit card for balance transfer comes with a low starting APR—the lowest among all other credit cards featured in this article. It offers 0% introductory APR on balance transfers for the first 13 months when the balance is transferred within the first 90 days following account opening.
Other Benefits
- Enjoy a $0 annual fee
- Get access to Cash Flow Insight®, which lets you monitor your and your employees’ spending habits and plan and budget future business needs
- Benefit from robust controls, which let you set individual spending limits for your employee cards
Who Should Consider It
- Those who are okay with not earning ongoing rewards
- Those who may need to carry a balance from time to time
This card does not let you earn rewards and charges a high penalty interest rate, so ensure you settle at least the minimum required payment on time.
How We Selected the Best Balance Transfer Business Credit Cards
To select the best business card balance transfer offers, we first considered the length of the introductory 0% balance transfer APR. We also took into account transfer fees, annual fees, ongoing APRs, rewards, other features, and whether the card has a 0% APR offer on purchases.
Frequently Asked Questions (FAQs)
It’s a good idea if you need a longer period to pay off high-interest debts. So, a balance transfer credit card is best for business owners with existing debts from other cards. If you can qualify for small business credit cards with a zero-interest period on balance transfers, it can help you save money on interest while giving you ample time to settle your full balance. Note that you need to be careful using your card, especially if you intend to pay off your existing debt and not accumulate new ones.
When deciding which balance transfer business credit card is right for you, consider factors like the length of the introductory APR period, balance transfer fees, annual fees, and the card’s regular APR once the introductory period ends. You should also check whether you will benefit more from balance transfer business credit cards that offer rewards on your purchases.
No, they won’t, but while that is the case, opening a new credit card may harm your credit, as most card issuers will perform a hard inquiry on your credit score. Before deciding to apply for any of the best business credit cards for balance transfers, ensure that the advantages of opening a new card outweigh the possible damage it can do to your credit.
Yes, you can, as most business credit card issuers allow you to do so. However, you need to keep your business and personal financial transactions separate to avoid accounting and tax issues. If you have previously used your personal credit card for business-related expenses, make sure to keep a record of those transactions so you won’t get into trouble come tax time.
Bottom Line
Whether you’re self-employed or a small business owner, the best business credit card with a balance transfer offer gives you adequate time to pay down your debt from other credit cards without paying interest or a balance transfer fee. To maximize the 0% introductory offer, budget your monthly payment so that you’ll have paid off any high balances when the card switches to its regular APR.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
