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The Best Business Balance Transfer Credit Cards

If you're looking to consolidate some business debt, our list of the best business credit cards for balance transfers will help give you some options.

    Jason Vissers
  • UPDATED

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The best business balance transfer credit cards will give you a good deal on balance transfers, offering an intro 0% APR period on balance transfers, a $0 balance transfer fee, or both. The best business credit cards for balance transfers will also offer common business benefits, such as free employee cards and special deals on typical business expenses (travel, recurring software subscriptions, and more).

However, not every balance transfer credit card is the same when it comes to transferring an old balance to your card. Some add extra transfer fees, cap the amount you can transfer, or tack a high APR onto balance transfers made after the initial interest-free grace period. That’s why we’re highlighting the all-around best balance transfer credit card offers for business owners.

Read on to find the business credit card balance transfer offer that best fits your operation.

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  • 15-month 0% intro APR for balance transfers and purchases
  • 3% balance transfer fee (minimum $5)
  • Good/excellent credit required
  • 15-month 0% intro APR for balance transfers and purchases
  • 3% balance transfer fee (minimum $5)
  • Good/excellent credit required

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  • 18-month 0% intro APR for balance transfers and purchases
  • 3% balance transfer fee (minimum $5)
  • Good/Excellent credit required
  • 18-month 0% intro APR for balance transfers and purchases
  • 3% balance transfer fee (minimum $5)
  • Good/Excellent credit required

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  • 21-month 0% intro APR for balance transfers, 12-month 0% intro APR for purchases
  • 3% balance transfer fee (minimum $5) for balances transferred within four months, 5% fee (minimum $5) thereafter
  • Good/excellent credit required
  • 21-month 0% intro APR for balance transfers, 12-month 0% intro APR for purchases
  • 3% balance transfer fee (minimum $5) for balances transferred within four months, 5% fee (minimum $5) thereafter
  • Good/excellent credit required

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  • Nine-month 0% intro APR for balance transfers and purchases
  • 4% balance transfer fee (minimum $10)
  • Good/Excellent credit required; must be a current Wells Fargo checking or savings account holder with at least one year of account history
  • Nine-month 0% intro APR for balance transfers and purchases
  • 4% balance transfer fee (minimum $10)
  • Good/Excellent credit required; must be a current Wells Fargo checking or savings account holder with at least one year of account history

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  • 13-month 0% intro APR for balance transfers
  • 3% balance transfer fee (minimum $5)
  • Good/Excellent credit required; must have a PNC Online Banking account to qualify
  • 13-month 0% intro APR for balance transfers
  • 3% balance transfer fee (minimum $5)
  • Good/Excellent credit required; must have a PNC Online Banking account to qualify

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  • 12-month 0% intro APR for balance transfers
  • No balance transfer fee for all balance transfers made within 60 days of getting your card
  • Good/Excellent credit required; must have an Edward Jones account to qualify
  • 12-month 0% intro APR for balance transfers
  • No balance transfer fee for all balance transfers made within 60 days of getting your card
  • Good/Excellent credit required; must have an Edward Jones account to qualify

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Read more below to learn why we chose these options.

The Best Business Credit Card Balance Transfer Offers

The best business balance transfer credit cards combine transfer-friendly features (such as an introductory 0% APR period on balance transfers) with a rewards program that gives you points or cash back for your business spending. Let’s detail your best options.

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U.S. Bank Triple Cash Rewards Visa Business Card: Best Overall Balance Transfer Credit Card

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


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Pros

  • 15-month 0% intro APR on balance transfers and purchases
  • No annual fee
  • Elevated cash back on various business expenses
  • $500 welcome offer when you spend $4,500 in your first 150 days

Cons

  • 3% fee ($5 minimum) on all balance transfers

The U.S. Bank Triple Cash Rewards Visa Business Card is a great business credit card in its own right, but it's a great balance transfer card as well, making it our pick for the best overall balance transfer business credit card.

The card's 15-month 0% intro APR period applies to both balance transfers and purchases, and the 0% intro APR applies to balance transfers made within 30 days of opening your account. A 3% balance transfer fee ($5 minimum) applies to each transfer.

U.S. Bank Triple Cash Rewards Visa Business Card Rewards

As for the card's rewards and benefits, business owners will like what they see:

  • Welcome Offer: $500 in cash back after you spend $4,500 with the account owner's card within 150 days of opening your account
  • Spending Rewards:
    • Unlimited 5% cash back on prepaid hotels and car rentals booked through U.S. Bank's Travel Rewards Center
    • Unlimited 3% cash back on eligible purchases at gas and EV charging stations, office supply stores, cell phone service providers, and restaurants
    • 1% cash back on everything else
  • Other Business Benefits:
    • Free employee cards
    • $100 annual statement credit for software service purchases
    • Expense management/tracking
    • Divide large purchases into fixed monthly payments with the U.S. Bank ExtendPay Plan

U.S. Bank Triple Cash Rewards Visa Business Card Eligibility Requirements

To qualify for the U.S. Bank Triple Cash Rewards Visa, you'll need good credit (640+).

When To Choose The U.S. Bank Triple Cash Rewards Visa Business Card

Businesses with spending needs that match the generous rewards-earning categories of the Triple Cash Rewards should absolutely consider transferring a balance to this card. Considering all this card has to offer, from the annual statement credit for software services (up to $100) to the 5% cash back you'll earn on travel purchases made through U.S. Bank's travel portal to the ability to spread out a large purchase into multiple fixed monthly payments, this balance transfer card has earned its place at the top of our list.

Did I mention that this card has no annual fee?

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

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U.S. Bank Business Platinum Card: Best Credit Card For Intro 0% Offer On Balance Transfers

U.S. Bank Business Platinum Card


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Pros

  • 18-month 0% intro APR on balance transfers and purchases
  • No annual fee
  • Free employee cards with spend controls
  • Expense management and tracking

Cons

  • No rewards for spending
  • 3% fee ($5 minimum) on all balance transfers

The U.S. Bank Business Platinum Card sports an outstanding 18-month 0% intro APR period for both balance transfers and purchases. For any balances transferred within 30 days of opening your account, you'll have 18 months to pay them off before interest is charged. A 3% balance transfer fee ($5 minimum) applies to each transfer.

U.S. Bank Business Platinum Card Rewards

When compared to U.S. Bank's other balance transfer card, the Business Platinum offers a longer 0% APR period and a lower ongoing APR but does not offer spending rewards:

  • Welcome Offer: None
  • Spending Rewards: None
  • Other Business Benefits:
    • Free employee cards
    • Expense management/tracking
    • Divide large purchases into fixed monthly payments with the U.S. Bank ExtendPay Plan
    • Spend controls on employee credit cards

U.S. Bank Business Platinum Card Eligibility Requirements

To qualify for the U.S. Bank Business Platinum Card, you'll need good credit (640+).

When To Choose The U.S. Bank Business Platinum Card

This card may be for you if you're looking for a business credit card with a lengthy 0% intro APR on balance transfers and purchases. It doesn't offer the spending rewards of the U.S. Bank Triple Cash Rewards card, but the longer 0% APR period and the lower ongoing APR that kicks in after the introductory rate expires may make the trade-off worth it for your business.

Get Started With U.S. Bank Business Platinum Card

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Citi Simplicity Card: Best No Fee Balance Transfer Credit Card

Citi Simplicity Card


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Pros

  • 0% intro APR for 21 months on balance transfers
  • 0% intro APR for 12 months on purchases
  • No late fees or penalty rate
  • No liability for unauthorized charges

Cons

  • No rewards for spending
  • 3% fee ($5 minimum) on all balance transfers (5% after four months)

It's not specifically a business credit card, but if you're looking for an excellent balance transfer card, the appropriately-named Citi Simplicity Card offers an eye-popping 21-month introductory 0% APR period on balance transfers (12 months for purchases). What's more, you have four months to transfer a balance and have it qualify for the 0% APR period -- many competing cards only give you 30 days to make such a transfer.

As for the balance transfer fee, it is 3% ($5 minimum) if you make the transfer within four months of getting the card and 5% ($5 minimum) if you make the transfer after four months. Additionally, not only is there no annual fee -- there are no late fees or penalty rates either.

Citi Simplicity Card Rewards

Let's review what the Citi Simplicity Card offers in terms of rewards:

  • Welcome Offer: None
  • Spending Rewards: None
  • Other Business Benefits:
    • No late fees or penalty rate
    • Flexible payment due date
    • No liability for unauthorized charges

Citi Simplicity Card Eligibility Requirements

To qualify for the Citi Simplicity Card, you'll need good credit (640+).

When To Choose The Citi Simplicity Card

If you'd like to be able to transfer a balance (or balances) to a business credit card that lets you take a full 21 months to pay off the balance without interest charges, the Citi Simplicity Card is worth considering. It's also a good card for those who'd like to avoid the possibility of paying late fees or a penalty rate.

Get Started With Citi Simplicity Card

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Wells Fargo Business Platinum: Best Balance Transfer Card For Rewards Flexibility

Wells Fargo Business Platinum


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Annual Fee

$0

Minimum Recommended Credit

Excellent

Rewards Rate

1.5% cash back or 1 point per $1 spent

Pros

  • Nine-month 0% intro APR on balance transfers and purchases
  • No annual fee
  • Free employee cards for up to 99 employees
  • Cash management tools and spending reports

Cons

  • Only Wells Fargo savings/checking account holders qualify
  • 4% fee ($10 minimum) on balance transfers

The Wells Fargo Business Platinum card offers a nine-month introductory 0% APR on balance transfers and purchases, so you'll have some time to pay off any balances transferred without incurring interest charges. Unfortunately, there's a 4% balance transfer fee with a minimum charge of $10, which is higher than many competing balance transfer credit cards.

Undoubtedly, the card's biggest drawback is this: Only business owners with a Wells Fargo checking or savings account that has been open for at least one year will qualify.

Wells Fargo Business Platinum Rewards

Here's a rundown of the Wells Fargo Business Platinum card's business rewards:

  • Welcome Offer: $300 cash back or 30,000 bonus points when you spend $3,000+ in your first three months
  • Spending Rewards: Earn 1.5% cash back on all purchases (Cash Back option) OR 1 point per dollar spent + 1,000 points every billing cycle after spending $1,000+ (Rewards Points option)
  • Other Business Benefits:
    • Up to 99 employee cards for no additional fee
    • Cash management tools
    • Spending reports, available online
    • Online banking and bill payment tools

Wells Fargo Business Platinum Eligibility Criteria

To qualify for the Wells Fargo Business Platinum card, you'll need good credit (640+) and a Wells Fargo checking or savings account. Your account must be at least one year old.

When To Choose The Wells Fargo Business Platinum Card

If you're a current Wells Fargo account holder looking to transfer a credit card balance to a card that gives you two different rewards packages to choose from, the Wells Fargo Business Platinum Card is a great option.

Get Started With Wells Fargo Business Platinum

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PNC Visa Business Credit Card: Best Balance Transfer Card For Low Ongoing APR

PNC Visa Business Credit Card


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Pros

  • 0% intro APR for 13 months on balance transfers
  • Low ongoing APR
  • Free employee cards with spend controls
  • Expense management

Cons

  • No spending rewards
  • Must have a PNC Online Banking account to qualify

The PNC Visa Business Credit Card is a no-frills business credit card that offers an introductory 0% APR for 13 months on balance transfers (not on purchases) made within 90 days of getting your card. Each balance transfer will incur a 3% fee ($5 minimum). Applying businesses must use PNC Online Banking to qualify.

PNC Visa Business Credit Card Rewards

Here's what businesses will get with the PNC Visa Business Credit Card:

  • Welcome Offer: None
  • Spending Rewards: None
  • Other Business Benefits:
    • Free employee cards
    • Integrates with popular accounting software
    • Free employee cards with spend controls
    • Expense management

PNC Visa Business Credit Card Eligibility Requirements

To qualify for the PNC Business Credit Card, you'll need good credit (640+) and a PNC Online Banking account.

When To Choose The PNC Visa Business Credit Card

Though the PNC Visa Business card's 0% APR period doesn't apply to purchases, the card's relatively low ongoing APR makes it a solid choice for PNC business users who want a credit card on which they intend to run a balance month-to-month.

Get Started With PNC Visa Business Credit Card

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Edward Jones Business Plus Mastercard: Best Credit Card For No Balance Transfer Fee

Edward Jones Business Plus Mastercard


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Pros

  • 0% intro APR for 12 months on balance transfers
  • No annual fee if you charge at least one purchase per year
  • Extra points for travel purchases made through Edward Jones’ travel portal
  • Special discounts and offers from partner companies

Cons

  • Must have an Edward Jones account to qualify
  • No 0% intro APR on purchases

The Edward Jones Business Plus Mastercard is a great value proposition for business owners looking for a great balance transfer credit card. Not only will you get a 12-month intro 0% APR on all balances transferred within 60 days of opening your account, but you'll also pay no balance transfer fees on these balance transfers. It's the only card on our list that lets you avoid balance transfer fees.

Just know that you'll need an Edward Jones account before you can get this card.

Edward Jones Business Plus Mastercard Rewards

Here's the Edward Jones Business Plus Mastercard's full list of rewards:

  • Welcome Offer: None
  • Spending Rewards:
    • 1.5% cash back (or 1.5 Loyalty Points) on every dollar spent up to $40,000
    • 2% cash back (or 1.5 Loyalty Points) on every dollar spent above $40,000
    • Four bonus Loyalty Points per $1 spent on prepaid hotels and car rentals booked through the Edward Jones Rewards Travel Center
  • Other Business Benefits:
    • Special discounts and offers with partner companies
    • No foreign transaction fee
    • Spend analysis
    • Mobile receipt management

Edward Jones Business Plus Mastercard Eligibility Requirements

You will need good credit (640+) and an Edward Jones account to qualify for this credit card.

When To Choose The Edward Jones Business Plus Mastercard

Edward Jones account holders looking for a balance transfer credit card with impressive points-earning rates would do well to consider the Edward Jones Business Plus Mastercard. The lack of balance transfer fees is a rare perk as well.

Get Started With Edward Jones Business Plus Mastercard

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What Is A Balance Transfer?

To put it simply, a balance transfer occurs when existing debt is transferred from one credit card to another. The transfer won’t eliminate the debt. While the first credit card will be paid off, the balance will simply be applied to the new card.

What Is A Balance Transfer Fee?

A balance transfer fee is a one-time fee charged by the issuer of a credit card for completing the transfer. This fee varies by company but typically runs 3% to 5% of the total transferred balance. When compared to long-term savings on interest, these fees are quite minimal for many business owners.

How Long Do Balance Transfers Take?

Once you have a balance transfer card, the process of completing the transfer is quite simple. All you need to initiate the transfer is information such as account numbers and the balance amount. Once all of the information has been submitted, the transaction should be completed in about two weeks.

Different Types Of Balance Transfer Offers

Balance transfer credit cards generally offer two different types of incentives for borrowers looking to transfer a balance. The first is the no-fee offer. These balance transfer cards do not require you to pay the typical 3% to 5% transfer fee, which could add up to big savings on larger balances.

The other common balance transfer offer type is the 0% APR offer. These balance transfer cards offer a 0% introductory rate, making it easier to pay down or pay off debt. These offers do expire, so it’s important to be aware of standard APR rates and try to pay down as much of the debt as possible during the introductory period.

Also, be aware that balance transfer credit cards often stipulate that these favorable terms will only apply to balance transfers made within 30 or 60 days of opening your account. If you get one of these credit cards intending to transfer a balance to it, it’s best to initiate the balance transfer immediately upon getting the card.

Why Would I Need To Do A Balance Transfer?

The most common reason for doing a business credit card balance transfer is that you’ve found a card with a lower APR or better rewards than your current credit card. You may only want to transfer a certain amount of your debt to lower your per-card utilization ratio, potentially improving your credit score.

Can I Use A Personal Card For A Balance Transfer?

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

When You Transfer A Balance On A Credit Card, What Happens?

Once you’ve got your new card, be sure to make all your payments on time. 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 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.

FAQs: The Best Business Balance Transfer Credit Cards

What is a balance transfer credit card?

A balance transfer credit card is a credit card with terms that are enticing to consumers looking to make a balance transfer, such as a lengthy 0% intro APR on balance transfers, a lack of balance transfer fees, or both.

Does a balance transfer affect your credit score?

When you apply for credit cards, including balance transfer credit cards, it does show up as an inquiry on your credit report, which can lower your score. However, the balance transfer itself won’t hurt your credit score — in fact, transfers can be great for your credit score over the long term.

In addition to potentially improving your credit utilization ratio, moving your debt to a card with a lower interest rate allows you to pay off your debt more quickly, which can also boost your score.

Does transferring a balance between credit cards automatically close your old credit account?

No, a balance transfer does not automatically close your old credit account. To close your old account, you’ll have to contact your creditor after transferring the balance.

Can you make a balance transfer to a business credit card?

Yes, you can make a balance transfer to a business credit card. Both personal and business credit cards typically allow balance transfers, though you may not be allowed to transfer a balance to another credit card from the same issuer.

Is there a downside to balance transfers?

A balance transfer card can see you paying interest fees if you don’t make sure to pay off the amount transferred within the card’s 0% intro APR period. Moving your debt to yet another balance transfer credit card once your 0% APR period ends can hurt your credit score.

However, a balance transfer’s positives far outweigh its negatives when done responsibly.

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Jason Vissers

Jason Vissers

Senior Staff Writer at Merchant Maverick
Jason has been writing about small business software platforms, services, and financing since 2015. Jason’s expertise has been featured in Yahoo Finance, Time/NextAdvisor, Home Business Magazine, CreditCards.com, GoBankingRates, TheLadders.com, and other publications. He has a bachelor’s degree in Political Science from San Diego State University and currently lives in Philadelphia, Pennsylvania.
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