	You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.

Advisor
Credit Cards
Best Balance Transfer Business Credit Cards

Advertiser Disclosure Published: Apr 24, 2024, 3:22pm

Best Balance Transfer Business Credit Cards Of May 2024

Becky PokoraCredit Card Rewards Expert

With more than 50 million redeemed miles under her belt, Becky Pokora is a rewards travel expert. She's been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor, BoardingArea, The Points Guy and more. Her redemptions have helped her travel to more than 50 countries and all seven continents.

Becky Pokora

Becky PokoraCredit Card Rewards Expert

Credit Card Rewards Expert

Caroline LupiniManaging Editor, Credit Cards & Travel Rewards

Caroline Lupini has been traveling the world with the help of credit card rewards since 2011. She has visited over 110 countries and is able to utilize her knowledge of credit cards and to make travel both less expensive and more luxurious. Caroline has over 50 credit cards in her wallet and has previously covered credit cards and travel for Business Insider, The Points Guy, USA Today, Lonely Planet, Orbitz and many others.

Fact Checked

Caroline Lupini

Caroline LupiniManaging Editor, Credit Cards & Travel Rewards

Managing Editor, Credit Cards & Travel Rewards

Fact Checked

Published: Apr 24, 2024, 3:22pm

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

A balance transfer card can be a powerful tool to help you save money. Instead of siphoning away a large part of your payment toward interest, this card puts more of your hard-earned cash toward paying down the principal balance. If you’re a business owner looking for one of these cards for your business, know there aren’t many options.

Keep in mind: Although you’ll be paying 0% interest for a limited time with a balance transfer credit card, you will likely have to pay a balance transfer fee—a percent of the amount being transferred. This fee is likely less than the purchase APR on your credit card and will thus save you money in the long run.

Show Summary

Best Balance Transfer Business Credit Cards

U.S. Bank Triple Cash Rewards Visa® Business Card *: Best for Ongoing Card Rewards Earning
U.S. Bank Business Platinum Card *: Best for No-Frills Long Balance Transfer Period
State Farm Business Cash Rewards Visa Signature® Card *: Best for Businesses With State Farm Insurance
PNC Visa® Business Credit Card *: Best for Low Ongoing APR After the Introductory Period
Edward Jones Business Plus Mastercard® *: Best for Additional Benefits

Top Business Cards

Best Balance Transfer Business Credit Cards of 2024

Best for Ongoing Card Rewards Earning

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

Up to 5% Reward Rate

Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center; Earn 3% cashRead More

Welcome Bonus

$500 cash back

Annual Fee

Regular APR

19.24% - 28.24% variable

Credit Score

Good, Excellent (700 - 749)

Editorial Review

Even without the balance transfer option the U.S. Bank Triple Cash Rewards is an attractive option with a generous welcome bonus and enhanced earnings in categories that align with many businesses’ spending. The extended introductory 0% APR period is icing on an already tasty cake.

Pros & Cons

No annual fee
Earn 3% cash back on eligible purchases at gas stations, EV charging stations, office supply stores, cell phone service providers and restaurants.
Introductory APR on purchases and balance transfers

Reward categories may not align with how some businesses spend
Foreign transaction fee
There’s a balance transfer fee which can eat into your savings when transferring a balance

Card Details

Earn $500 cash back after spending $4,500 in the first 150 days of opening the account
Earn 5% cash back on prepaid hotels and car rentals booked directly in the travel rewards center, 3% cash back on eligible purchases at gas and EV charging stations, office supply stores, cell phone service providers and restaurants. Plus, earn 1% cash back on all other eligible purchases
No annual fee
$100 annual software credit for recurring software subscription expenses

Best for No-Frills Long Balance Transfer Period

U.S. Bank Business Platinum Card *

No Rewards

The U.S. Bank Business Platinum does not offer rewards on purchases.

Welcome Bonus

N/A

Annual Fee

Regular APR

17.24% - 26.24% (Variable)

Credit Score

Excellent/Good (700 - 749)

Editor's Take

There are no rewards, but a long intro APR period can give your business serious wiggle room to pay down debt or self-finance larger purchases.

Pros & Cons

Extra-long introductory APR on both purchases and balance transfers
$0 annual fee

No reward earning
No major benefits
High balance transfer fee

Card Details

Generous intro APR offer on purchases and balance transfers
Low annual fee
Domestic service center providing 24/7 support
Visa Spend Clarity – track spending and manage expenses

Best for Businesses With State Farm Insurance

State Farm Business Cash Rewards Visa Signature® Card *

Up to 3% Reward Rate

Earn 3% cash back on insurance premium payments, up to $4,000 spent annually; 3% cash back at gas stations, cellRead More

Welcome Bonus

N/A

Annual Fee

Regular APR

19.24% - 28.24% variable

Credit Score

Excellent/Good (700 - 749)

Editor's Take

Earn rewards on insurance premiums (up to $4,000 each year) and uncapped 3% cash back in popular business categories like gas, dining and office supply stores. This no annual fee card also comes with cellphone and purchase protection benefits.

Pros & Cons

No annual fee
3% cash back earned in a variety of categories
Auto deductible reimbursement up to $200

No welcome offer
Limited redemption options

Card Details

Earn 3% cash back on insurance premium payments, up to $4,000 annually
Earn 3% cash back at gas stations, cell phone service providers, office supply stores and on dining, including takeout and food delivery service purchases
Earn 1% cash back on all other eligible purchases
$100 annual software subscription credit

Best for Low Ongoing APR After the Introductory Period

PNC Visa® Business Credit Card *

No Rewards

The PNC Visa® Business Credit Card does not earn rewards.

Welcome Bonus

N/A

Annual Fee

Regular APR

15.24% - 25.24% variable

Credit Score

Good/Excellent (700 - 749)

Editor's Take

If you want a great 0% APR offer with a low ongoing APR for carrying a balance—and you’re not interested in earning rewards for your business spending—you might consider this card to invest in your business.

Pros & Cons

No annual fee
Longer-than-usual window for balance transfers at 0% APR
Potential for lower-than-average APR

Charges foreign transaction fees
Doesn’t earn rewards
Introductory APR doesn’t apply to purchases

Card Details

No annual fee
Keep personal and business purchases separate by using a suite of online account management tools
Offers an introductory APR offer

Best for Additional Benefits

Edward Jones Business Plus Mastercard® *

Up to 6X Reward Rate

Earn 4X bonus loyalty points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center;Read More

Welcome Bonus

15,000 bonus loyalty points

Annual Fee

$0 annual fee every year with at least one purchase to the account, otherwise $25

Regular APR

20.24% - 29.99% variable

Credit Score

Good (700 - 749)

Editor's Take

If you like to invest your business rewards—or want to—you can do so with the Edward Jones Business Plus Mastercard®*. There’s no annual fee for account owners, and you can redeem your points for a variety of rewards.

Pros & Cons

Intro APR offer
Extended warranty and travel protection benefits
No foreign transaction fees

Have to be an Edward Jones client to apply
Only offers 2% rewards on annual spending above $40,000
There’s an annual fee if you don’t use the card at least once a year

Card Details

Earn 15,000 bonus loyalty points after spending $1,000 in eligible purchases on your card within 90 days of opening your account
Earn 4 bonus loyalty points on prepaid hotels and car rentals booked directly in the Edward Jones rewards travel center
Earn 2 loyalty points for every $1 spent on eligible net purchases over $40,000 and 1.5 loyalty points for every $1 spent on eligible net purchases up to $40,000
Introductory APR offer
Annual fee is waivable

Here’s a Summary of the Best Balance Transfer Business Credit Cards

Credit Card

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

U.S. Bank Business Platinum Card

State Farm Business Cash Rewards Visa Signature® Card

PNC Visa® Business Credit Card

Edward Jones Business Plus Mastercard®

Credit Card

Best For

Credit Score

Annual Fee

Welcome Bonus

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

Best for Ongoing Card Rewards Earning

Good, Excellent

$500 cash back

U.S. Bank Business Platinum Card

Best for No-Frills Long Balance Transfer Period

Excellent/Good

N/A

State Farm Business Cash Rewards Visa Signature® Card

Best for Businesses With State Farm Insurance

Excellent/Good

N/A

PNC Visa® Business Credit Card

Best for Low Ongoing APR After the Introductory Period

Good/Excellent

N/A

Edward Jones Business Plus Mastercard®

Best for Additional Benefits

Good

$0 annual fee every year with at least one purchase to the account, otherwise $25

15,000 bonus loyalty points

Read More About the Best Balance Transfer Business Credit Cards

The U.S. Bank Triple Cash Rewards Visa® Business Card* offers the best of multiple worlds: A 0% intro APR on purchases and balance transfers, solid rewards earning, a sizable welcome bonus and a few valuable perks for businesses.

Who it’s best for: Small business owners looking for benefits long after the intro balance transfer period ends.

Balance transfer offer: 0% intro APR on purchases and balance transfers for 15 billing cycles, followed by a regular APR of 19.24% - 28.24% variable. A balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, applies.

Annual fee: $0

Other benefits and drawbacks: U.S. Bank Triple Cash Rewards Visa® Business Card* cardholders can earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cell phone service providers and restaurants and 1% cash back on all other eligible purchases, giving it a reason to stay in your wallet beyond the introductory APR period.

New cardholders can also earn $500 cash back after spending $4,500 in the first 150 days of opening the account and an up to $100 annual software credit. But the main event with this card is the relatively hard-to-find intro offer combined with the ability to earn ongoing rewards.

The U.S. Bank Business Platinum Card* offers one of the lengthiest intro APR periods you’ll find on a business balance transfer card.

Who it’s best for: Businesses looking for the longest runway to pay off balances and no annual fee.

Balance transfer offer: 0% intro APR on purchases and balance transfers for 18 billing cycles, followed by a regular APR of 17.24% - 26.24% variable. A balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, applies.

Annual fee: $0

Other benefits and drawbacks: The U.S. Bank Business Platinum Card* doesn’t earn rewards but does come with some basic Visa Business perks including Visa Offers and access to travel and emergency services and roadside assistance.

The State Farm Business Cash Rewards Visa Signature® Card* is a fit for small businesses looking to save money, both on existing debt and on their insurance premiums.

Who it’s best for: Businesses seeking to earn rewards on their common expenses and pay off their existing debt with a balance transfer offer.

Balance transfer offer: 0% intro APR on purchases and balance transfer for the first 12 billing cycles, then a standard APR of 19.24% - 28.24% variable applies. Balance transfer fee of 3% of the amount of each transfer, $5 min. applies.

Annual fee: $0

Other benefits and drawbacks: The State Farm Business Cash Rewards Visa Signature® Card* earns 3% cash back on insurance premium payments, up to $4,000 spent annually, 3% cash back at gas stations, cell phone service providers, office supply stores and on dining, including takeout and food delivery service purchases and 1% cash back on all other purchases. It also comes with cellphone protection, purchase protection and reimbursement of up to $200 of your auto policy deductible when you experience a covered loss, if you make a minimum of eight net purchases in the prior month.

The PNC Visa® Business Credit Card* is best for business owners who are interested in receiving a low ongoing APR rather than earning rewards. Keep in mind that even low APRs on credit cards are high. There are less expensive ways to borrow money for your business like small business loans.

Who it’s best for: Business owners who tend to carry a balance and prioritize low interest over earning rewards.

Balance transfer offer: 0% introductory APR for the first 13 billing cycles on balance transfers made within the first 90 days of opening an account, followed by a regular variable APR of 15.24% - 25.24% on purchases and balance transfers. A balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies.

Annual fee: $0

Other benefits and drawbacks: The PNC Visa® Business Credit Card* comes with basic Visa Business perks including Visa Offers and access to travel and emergency services and roadside assistance.

For small business owners who invest with Edward Jones, the Edward Jones Business Plus Mastercard®*’s balance transfer offer plus hard-to-find $0 introductory balance transfer fee merits consideration.

Who it’s best for: A business that invests with or is willing to open an account with Edward Jones and can benefit from the balance transfer offer and the ongoing rewards.

Balance transfer offer: 0% intro APR for the first 12 billing cycles on balance transfers followed by a variable APR of 20.24% - 29.99% on purchases and balance transfers. 0% introductory fee for balances transferred within the first 60 days of account opening. A balance transfer fee of 3% of each transferred amount ($5 minimum) will apply after that

Annual fee: $0 annual fee every year with at least one purchase to the account, otherwise $25

Other benefits and drawbacks: The card earns 4 points per dollar on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center, 2 points per dollar on eligible net purchases over $40,000 and 1.5 points per dollar on eligible net purchases up to $40,000. You’ll also get Mastercard Business perks like extended warranty, protection against loss or theft of new purchases, trip cancellation/interruption insurance, ID theft protection, extended warranty coverage and no foreign transaction fees. But, other business credit cards come with balance transfer offers and rewards without requiring a relationship with an investment firm.

Methodology

To find the best business credit cards for balance transfers we looked across the spectrum of business cards with 0% APR offers for balance transfers. We considered a variety of criteria to determine which ones are best, including the following factors:

Length of the balance transfer period
Balance transfer fees
Annual fee
Rewards earned
Welcome bonus
Any other card perks and benefits

We selected the best cards based on what made them stand out from the pack. Keep in mind what is best for the majority of people might not be right for you. Do your research before deciding which card will best help you achieve the goals your specific business needs.

Can You do a Balance Transfer on a Business Credit Card?

Yes, you can do a balance transfer on a business credit card. Balance transfers on business credit cards work much the same as the ones on personal cards. Once you have found the right business card for your needs, all you have to do is apply for the card. During the application process you can select to transfer a balance, or you can make the balance transfer after opening the account.

Keep in mind you won’t know what credit limit you’ll receive on the new card until after you’re approved and it may not meet the total amount you’re looking to transfer. When you shift debt to your new card, also be mindful that any balance transfer fees will also be charged to your new card. For example, if you’re approved for a $10,000 credit limit on a card with a 2% balance transfer fee, your balance on the new card will be $10,200.

How Do Balance Transfer Business Credit Cards Work?

Balance transfer business credit cards work just like any other business credit card, but offer a low or no APR intro period to help you pay off your existing debt faster. Keep in mind that, with most business credit cards, you provide a personal guarantee when you apply using your Social Security number, so you will be personally liable for any debt incurred with that business credit card.

Find the Best Balance Transfer Credit Cards Of 2024

Learn More

Frequently Asked Questions (FAQs)

Is it a good idea to do a balance transfer?

Doing a balance transfer can be a good idea if you can save on interest by leveraging a 0% APR period on a new credit card. It’s worthwhile to look at the debt you have, what interest rate you are currently paying on your debt and compare that with how much it would cost you in fees to transfer the debt to a card with a 0% APR period. Calculate the interest you would pay over the course of the 0% period with your current balance and compare it to the fee. Fortunately, Forbes Advisor has created a balance transfer calculator to help with your analysis.

What is the interest rate for a balance transfer?

Interest rates for balance transfers vary, but it’s possible to find credit cards—both personal and business—offering an introductory 0% APR on balance transfers. After the promotional period expires, your card’s variable APR will apply. You can find the balance transfer interest rate on the ongoing interest rate for your credit card on your card’s rates and fees sheet, which is also known as a Schumer Box.

Which bank offers the best business credit cards for balance transfers?

Not many banks offer a business credit card for balance transfers. U.S. Bank offers many of our top choices for business balance transfer credit cards.

Next Up In Credit Cards

*The information for the following card(s) has been collected independently by Forbes Advisor: U.S. Bank Triple Cash Rewards Visa® Business Card, U.S. Bank Business Platinum Card, State Farm Business Cash Rewards Visa Signature® Card, PNC Visa® Business Credit Card, Edward Jones Business Plus Mastercard®. The card details on this page have not been reviewed or provided by the card issuer.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Becky Pokora

Credit Card Rewards Expert

Was this article helpful?

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. This compensation comes from two main sources. First, we provide paid placements to advertisers to present their offers. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. Second, we also include links to advertisers’ offers in some of our articles; these “affiliate links” may generate income for our site when you click on them. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Here is a list of our partners who offer products that we have affiliate links for.

lorem

Are you sure you want to rest your choices?