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Top Business Credit Card Balance Transfer Offers

Advertiser Disclosure: Merchant Maverick has partnered with CardRatings for our coverage of credit card products. Merchant Maverick and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. The offers in this article may be expired.

Sometimes you’ll need to transfer a previous credit card balance when getting a new card. However, not every card is made equal when it comes to transferring in an old balance. Some add on extra transfer fees or put a cap on how much you can transfer. Others may even tack an APR onto balance transfers. Unfortunately, it’s not always easy to figure out the best credit card options when it comes to transferring a balance.

That’s why we’ve picked out some of the top balance transfer offers from credit cards for business owners. Read on through to find out which card could be best for you.

Learn More About Our Top Picks

CompanySummaryNext Steps
Best overall pick.

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Best for those with fair credit.

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Best with no balance transfer fee.

Read More

Best introductory APR offer.

Read More

Best for cash back.

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Read more below to learn why we chose these options.

1. Best Overall Pick

Blue Business® Plus Credit Card from American Express



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Blue Business® Plus Credit Card from American Express



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Annual Fee:


$0

 

Purchase APR:


14.74% - 20.74% (variable)

With a 0% intro APR for the first 12 months on purchases and balance transfers, this card from American Express offers one of the most extended introductory periods currently available. That means you’ll have plenty of time to pay your balance without racking up interest charges. For rewards, it provides two points per $1 on up to $50,000 spent and then one point per $1 after you hit that cap. Those points are usually worth $0.01 but may wind up higher or lower depending on how they are redeemed. Keep in mind that the balance transfer fee sits at 3% (with a minimum fee of $5), although that’s relatively normal.

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2. Best For Those With Fair Credit

Spark® Classic from Capital One®



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Spark® Classic from Capital One®



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Annual Fee:


$0

 

Purchase APR:


24.49% (variable)

Because Capital One markets this card towards average-credit applicants while packaging it with an unlimited 1% cash back on all purchases, Spark Classic is a solid choice for those with fair credit. As long as you manage your account responsibly, you’ll help build up your credit score. Increasing your credit score could potentially allow you to switch to a card with better rewards down the road. The Spark Classic card also comes with no balance transfer fee, no annual fee, and no foreign transaction fee.

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3. Best No Balance Transfer Fee

Capital One Spark Cash For Business



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Spark® Cash from Capital One®



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Annual Fee:


$95 ($0 the first year)

 

Purchase APR:


18.49% (variable)

With its unlimited 2% cash back on all purchases and no balance transfer fee, this card certainly appeals to those looking to transfer their debt. Capital One also includes an early spend bonus of up to $2,000 cash if you spend at least $50,000 in the first six months of opening your account. However, there is a $95 annual fee, although it gets waived for the first year. To qualify for this card, you’ll need to have excellent credit. You’re suggested to have had a loan or credit card for three-plus years with a credit limit above $5,000 before getting a Spark Cash card.

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4. Best Introductory APR Offer

U.S. Bank Business Cash Rewards World Elite™ Mastercard®



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U.S. Bank Business Cash Rewards World Elite™ Mastercard®



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Annual Fee:


 

Purchase APR:


13.99% - 24.99% (variable)

This offering from U.S. Bank offers a lengthy introductory rate that’s hard to beat: 0% APR for the first 15 billing cycles on both purchases and balance transfers. Note that transfers do, however, get hit with the standard 3% or $5 fee — whichever is higher. Beyond transfers, you can collect 3% cash back on eligible gas station, office supply store, and cell phone/service provider purchases (and 1% cash back on everything else). There’s also a 25% annual bonus of up to $250 and a $500 welcome offer that gets triggered once you spend $4,500 on purchases within the first 150 days.

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5. Best For Cash Back

American Express Blue Business Cash



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Blue Business Cash™ Card from American Express



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Annual Fee:


$0

 

Purchase APR:


14.24% - 20.24% (variable)

The cash back brother of the Blue Business Plus, the Blue Business Cash Card from American Express features the same 0% intro APR on both purchases and balance transfers for the first 12 months. Its rewards scheme is similar, too, but with cash back instead of points: You’ll get 2% cash back on the first $50,000 you spend each year and then 1% back after that. This could make the Blue Business Cash Card a viable option if you don’t want to mess around with redeeming points.

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Why Would I Need To Do A Balance Transfer?

Two worried friends having problems buying on line with credit card and a laptop sitting on a couch in the living room at home

The most obvious reason for doing a business credit card balance transfer is if you’ve found a card with a lower APR or better rewards. You may also only want to transfer a certain amount of your debt to lower your per-card utilization ratio — potentially increasing your credit score.

Can I Use A Personal Card For A Balance Transfer?

As we mentioned in our guide to using personal credit cards for business expenses, you’ll want to separate personal and business expenses whenever possible. However, if you’ve already accrued some business debt on a personal card, you can transfer that debt onto your new business card. Doing this will help completely separate your personal and business expenses.

What Do I Need To Qualify & Be Approved?

Approval is dependent on the card and the issuer. Each issuer has its own requirements, but they’ll primarily look at your debt service coverage ratio (DSCR) and — most importantly — credit score. Every financial institution has its own standards, but for the most part, a credit score of 580-639 is considered “fair,” 640-739 is considered “good” to “very good,” and a score of 740-850 is considered “excellent.”

Don’t know your credit score? Visit a comparison of our favorite sites to check your credit score for free. Unsure how to calculate your DSCR? Check out our calculation guide.

What If I Don’t Meet The Necessary Qualifications?

If you’re struggling with your credit score, visit the Merchant Maverick guide to improving your business credit score. You may also be able to consolidate your debt with a short-term loan; read up on the merchant’s guide to short-term loans for more information.

I Transferred My Balance To A New Business Credit Card: Now What?

Once you’ve got your new card, be sure to keep up-to-date on payments. Doing so will keep you from falling further into debt as well as increase your credit score.

If you’ve charged a large transaction — or transferred a large balance — you’ll also want to pay off as much as possible before the introductory APR expires. Staying ahead of payments and avoiding interest on your debt will save you money.

For those that want more tips for managing credit cards, visit the dos and don’ts of business credit cards to cover the basics.

A Last Look At Our Top Picks

  1. Blue Business® Plus Credit Card from American Express
    Summary - Best overall pick.
  2. Spark® Classic from Capital One®
    Summary - Best for those with fair credit.
  3. Capital One Spark Cash For Business
    Summary - Best with no balance transfer fee.
  4. U.S. Bank Business Cash Rewards World Elite™ Mastercard®
    Summary - Best introductory APR offer.
  5. American Express Blue Business Cash
    Summary - Best for cash back.
Jared Beilby

Jared Beilby

Jared is a writer hailing from the Pacific Northwest. Besides writing for Merchant Maverick, he has experience writing about sports and video games. He holds a Bachelor of Arts in Journalism from George Fox University.
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