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Best Balance Transfer Credit Cards for Business

March 18, 2020
Balance Transfer Credit Cards, Business Credit Cards, Credit Cards
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Zero-percent balance transfer offers are fairly common on consumer credit cards, but not so much on cards designed for small-business operators and other entrepreneurs. With most business credit cards, if you can transfer a balance at all, you’ll be paying the card’s ongoing interest rate, in addition to a transfer fee that typically ranges from 3% to 5% of the amount transferred.

Still, a few business credit cards do offer an introductory 0% period on transfers. Below are the best business balance transfer cards.

» MORE: NerdWallet’s best credit cards for small business

U.S. Bank Business Platinum

  • Interest rate: An introductory 0% introductory APR on purchases and balance transfers for the first 20 billing cycles, and then the ongoing APR of 9.99% - 17.99% Variable APR.
  • Balance transfer fee: 3% or a $5 minimum.

The U.S. Bank Business Platinum offers the longest 0% intro APR period on balance transfers that you’re likely to find, either among small-business cards or anywhere else. It doesn’t earn rewards, nor is it a good choice for international spending, thanks to its 3% foreign transaction fee. But if you need a lot of time to pay down an existing balance, it’s one of the best options available. The annual fee is $0*.

U.S. Bank Business Platinum

U.S. Bank Business Platinum

Apply Now on US Bank's secure site
  • Recommended Credit Score
  • 720
    850
    Excellent
  • Card Details
  • Pros

    • No annual fee
    • Intro APR period on Purchases and Balance Transfers

    Cons

    • No rewards
    • Needs excellent credit

    Annual Fees

    $0*

    APR

    • APR: 9.99% - 17.99%* Variable APR
    • Cash Advance APR: 23.99%, Variable

    Bonus Offers

    None

    Intro APR

    • 0% introductory APR* on purchases and balance transfers for the first 20 billing cycles
  • Additional Information
    • 0% Intro APR* on purchases and balance transfers for the first 20 billing cycles. After that variable APR currently 9.99% - 17.99%*
    • No annual fee*
    • Free employee cards
    • Zero fraud liability* protects you against unauthorized transactions
    • View Rates and Fees

American Express Blue Business Cash™ Card

  • Interest rate: An introductory 0% APR for 12 months on purchases and balance transfers, and then the ongoing APR of 13.24% - 19.24% Variable APR.
  • Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

In addition to its excellent 0% introductory period, the American Express Blue Business Cash™ Card pays 2% cash back on the first $50,000 in eligible purchases each year, and 1% after that. Terms apply. Cash back is automatically applied to your statement as a credit each month. The annual fee is $0. Read our review.

American Express Blue Business Cash™ Card

American Express Blue Business Cash™ Card

Apply Now on American Express's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • No annual fee

    Cons

    • Annual spending cap
    • No welcome offer

    Annual Fees

    $0

    APR

    • APR: 13.24% - 19.24% Variable APR
    • Penalty APR: 29.24%, Variable

    Bonus Offers

    None

    Intro APR

    • 0% on Purchases and Balance Transfers for 12 months
  • Additional Information
    • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
    • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.
    • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
    • 0.0% intro APR on purchases and balance transfers for 12 months from the date of account opening, then a variable rate, 13.24%, 16.24%, or 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
    • No Annual Fee
    • Terms Apply

The Blue Business® Plus Credit Card from American Express

  • Interest rate: An introductory 0% APR for 12 months on purchases and balance transfers, and then the ongoing APR of 13.24% - 19.24% Variable APR.
  • Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

The Blue Business® Plus Credit Card from American Express is nearly identical to the American Express Blue Business Cash™ Card, except that it gives you American Express Membership Rewards points instead of cash back. You earn 2 points per dollar spent on the first $50,000 in eligible purchases each year, and 1 point per dollar after that. Terms apply. The annual fee is $0. Read our review.

The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express

Apply Now on American Express's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • No annual fee

    Cons

    • No welcome bonus

    Annual Fees

    $0

    APR

    • APR: 13.24% - 19.24% Variable APR
    • Penalty APR: 29.24%, Variable

    Bonus Offers

    None

    Intro APR

    • 0% on Purchases and Balance Transfers for 12 months from date of account opening
  • Additional Information
    • Get rewarded for business as usual. Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners.
    • 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
    • Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
    • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
    • More buying power for your business means more opportunities to earn points. That’s everyday business with the Blue Business Plus Card.
    • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
    • 0.0% intro APR on purchases and balance transfers for 12 months from the date of account opening, then a variable rate, 13.24% - 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
    • No Annual Fee
    • Terms Apply


To view rates and fees of the American Express Blue Business Cash™ Card, please visit this page.

To view rates and fees of the The Blue Business® Plus Credit Card from American Express, please visit this page.

Methodology

NerdWallet’s credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.