The Best Business Balance Transfer Credit Cards [2024]

If you run a small business and face paying interest on a credit card balance you haven’t been able to pay down for whatever reason, consider opening a business credit card with a 0% balance transfer intro APR offer.

In addition to allowing you to avoid accruing interest on your debt during the intro offer period, these types of cards often provide business-related benefits.

The Edward Jones Business Plus MasterCard^®, for example, currently offers 0% intro APR for 12 billing cycles for any qualifying balance transfers made in the first 60 days on balance transfers (then 19.49% to 29.49% (variable)). This is alongside business-friendly benefits like Spend Analysis, an online tool for tracking business expenses.

Even so, there just aren’t many business cards out there with noteworthy intro APR offers. But if you’re a business owner looking to consolidate and pay down high-interest debt, one of them might be the right choice for you.

Key takeaways

• A balance transfer could help you pay off existing credit card debt.
• Look for a long introductory period, a low annual fee, and no foreign transaction fees if employees travel internationally.

The best business credit cards for balance transfers

Card	Intro APR	Rewards rate	Annual fee
PNC Visa® Business Credit Card	0% intro APR for 13 billing cycles on balance transfers (then 17.24% to 27.24% (variable))	This card does not earn rewards	$0
Edward Jones Business Plus MasterCard®	0% intro APR for 12 billing cycles for any qualifying balance transfers made in the first 60 days on balance transfers (then 19.49% to 29.49% (variable))	1.5X per dollar spent on eligible net purchases up to $40,000, then 2X per dollar on eligible net purchases over $40,000. Plus, earn 4X on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center (this is on top of your regular earnings)	$0

PNC Visa^® Business Credit Card

Essentially, the PNC Visa^® Business Credit Card is only useful for its intro APR offers on balance transfers and purchases. Intro APR offers include:

• Intro APR on purchases: 0% intro APR for 13 billing cycles on purchases (then 17.24% to 27.24% (variable))
• Intro APR on balance transfers: 0% intro APR for 13 billing cycles on qualifying balance transfers (then 17.24% to 27.24% (variable))

Beyond that, the card doesn’t have much to offer. There’s little in the way of benefits, you can’t earn rewards, and there’s even a foreign transaction fee of 3%.

But with a $0 annual fee, it’s at least a no-cost option for managing your credit card debt, provided you can pay it off during the intro APR period.

Visit PNC to learn more.

Edward Jones Business Plus MasterCard^®

The Edward Jones Business Plus MasterCard® is pretty bare bones, but it outpaces the PNC business card by offering the opportunity to earn rewards on spending that can then be redeemed for a statement credit.

The Edward Jones card’s intro APR period, however, is one month shorter than the PNC card and only applies to balance transfers, not purchases:

• Intro APR on balance transfers: 0% intro APR for 12 billing cycles for any qualifying balance transfers made in the first 60 days on qualifying balance transfers (then 19.49% to 29.49% (variable))

The card has a $0 annual fee with at least one purchase to your account each year; otherwise $25. That should be an easy enough requirement to hit given the extra incentive of earning Edward Jones Loyalty Points on your spending.

Specifically, you could earn 1.5X per dollar spent on eligible net purchases up to $40,000, then 2X per dollar on eligible net purchases over $40,000. Plus, earn 4X on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center (this is on top of your regular earnings).

Visit Edward Jones to learn more.

What is a business credit card balance transfer?

A balance transfer consists of moving debt from one credit account to another. The goal is to move high interest debt onto a card that has a lower interest rate, so you end up paying less money overall as you pay off your debt.

For credit cards with intro APR offers, you typically have a certain number of months after account opening during which you won’t be charged any interest on balances you transfer from other credit accounts.

However, you likely have to pay a balance transfer fee. So to make sure it’s a good move for you, you would need to see if the money you save on interest payments is more than the transfer fee, or, you could open a card like the Edward Jones Business Plus MasterCard^® which currently offers a 0% introductory fee for balances transferred within the first 60 days of account opening; after that, 3% or $5 minimum, whichever is greater.

Personal balance transfer credit cards

It’s also important to note that balance transfers aren’t limited to business cards. If you compare credit cards, you’ll find there are balance transfer options available on both business and personal balance transfer credit cards.

How a balance transfer credit card could help your business

Credit cards with balance transfer offers could support your business efforts if you use them strategically. Here are a few ways a balance transfer card might help you:

Savings and cash flow

By taking advantage of a card’s 0% intro APR offer you can transfer existing debt on another card and not have to worry about interest charges for a while, thereby freeing up more cash flow.

If you’re not having to worry about paying interest on your debt, that’s more money you can put toward other things, such as inventory and additional business expenses.

However, don’t completely ignore your debt. You still want to pay it off, so making regular monthly payments before your due date is a smart move during this intro APR period. Otherwise, the 0% intro APR offer will eventually end, and you’ll be back to paying large amounts of interest on your debt.

Credit card rewards

Many credit cards offer rewards for new purchases you make. Some may even offer bonus points or rewards for specific bonus categories related to your business.

It makes sense to use rewards credit cards for business expenses because you’re getting something back for purchases you were already planning on making. Whether those rewards can be redeemed for travel, cash back, or simply statement credits, you’re at least getting a little extra for your spending.

Bookkeeping

It’s essential to stay organized as a business owner, including separating your business expenses from your personal expenses. A business credit card makes it easy to keep all your business expenses in one place.

Additionally, some cards come with complimentary access to software tools that help you track and manage your business spending.

FAQs

Bottom line

Balance transfer credit cards aren’t for everyone, but they can be a lifeline if you’re struggling with debt while trying to run a business or need additional cash flow. Still, make sure you do the math to see if a balance transfer would be right for you and your business.

And do further research before choosing a credit card offer to make sure you select the best business card option for your business situation. Putting in the time to plan and prepare for a balance transfer can help you avoid costly balance transfer mistakes.

And of course, be sure to understand how a balance transfer might impact your credit score before proceeding. Some business credit cards report to personal credit, but others don’t.

Up to 5% Cash Back

Ink Business Cash^® Credit Card

4.8

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

Ink Business Cash^® Credit Card

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Current Offer

Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening

Annual Fee

$0

Rewards Rate

5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases

Benefits and Drawbacks

Benefits

• Solid rewards on office supply, telecom spending, gas, and dining
• Generous welcome offer
• Intro APR on purchases
• $0 annual fee
• Valuable purchase and travel protections

Drawbacks

• Bonus rewards capped after $25,000 annual spend in each category
• No bonus rewards for travel or advertising purchases
• Foreign transaction fee of 3% of each transaction in U.S. dollars

Card Details

• Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
• Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
• Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
• With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
• No Annual Fee
• Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
• 0% introductory APR for 12 months on purchases
• Member FDIC