Editor’s note: This is a recurring post with regularly updated card details.
A balance transfer credit card is a great way to help you pay down existing high-interest debts from another credit card. The best business credit cards for balance transfers are those that offer a long introductory 0% annual percentage rate (APR) period, have low fees and ongoing interest rates, and let you earn lucrative rewards on everyday purchases. Our list includes regular credit cards, regional cards, and personal credit cards.
Here are the seven best business credit cards for balance transfer transactions:
- U.S. Bank Business Platinum Card: Overall best business credit card with 0% introductory balance APR for 18 months
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard: Best for earning up to 5% cash back with 0% APR for 15 months
- BMO Business Platinum Credit Card: Best for 0% balance transfer APR for 18 months and rebates through Mastercard Easy Savings®
- Edward Jones Business Plus Mastercard: Best for no balance transfer fee and 0% APR for 12 months
- M&T Business Rewards Credit Card: Best for 0% APR for 12 months with unlimited cash back
- PNC Visa Business Credit Card: Best for low ongoing APR and 0% balance transfer APR for 13 months
- Citi Simplicity® Card: Best personal card with interest-free balance transfers for 21 months
Best Business Credit Cards for Balance Transfers At a Glance
Best For | Annual Fee | Introductory Bonus | Ongoing Rewards | ||
---|---|---|---|---|---|
U.S. Bank Business Platinum Card | (Overall best) business credit card with 0% introductory balance APR for 18 months | $0 | None | None | |
U.S. Bank Business Triple Cash Rewards World Elite Mastercard | Earning up to 5% cash back with 0% APR for 15 months | $0 | $500 cash back | Up to 5% cash back | |
BMO Business Platinum Credit Card | 0% balance transfer APR for 18 months and rebates through Mastercard Easy Savings® | $0 | None | None | |
Edward Jones Business Plus Mastercard | No balance transfer fee and 0% APR for 12 months | $25 | 15,000 points | Up to 6x points | |
M&T Business Rewards Credit Card | 0% APR for 12 months with unlimited cash back | $0 | None | Up to 2% cash back | |
PNC Visa Business Credit Card | Low ongoing APR and 0% balance transfer APR for 13 months | $0 | None | None | |
Citi Simplicity® Card | Personal card with interest-free balance transfers for 21 months | $0 | None | None |
Note: All listed cards require at least good credit standing to qualify.
If you want to see how a credit card stacks up against others, click Add to Compare on the cards. You can compare up to three credit cards on this page or a credit card here against two other cards on our site.
U.S. Bank Business Platinum Card: Overall Best Business Credit Card With 0% Introductory Balance APR for 18 Months
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Who Should Consider the U.S. Bank Business Platinum Card
Those who intend to transfer a significant balance and pay it over a longer-than-usual period would want our top business credit card for balance transfer. You can transfer your balance within 30 days after opening an account and enjoy a 0% introductory APR for 18 billing cycles. These are why it is also our top 0% APR business credit card and one of our best business credit cards for startups.
Other benefits:
- Charges $0 annual fee
- Lets you monitor expenses with the Visa Business Reporting tool
- Offers a 0% introductory period on purchases for the first 18 billing cycles
- Allows you to divide eligible purchases into equal monthly payments without interest through U.S. Bank’s ExtendPay® Plan; note that a fixed monthly fee will be added to your credit card bill
Important considerations:
- It does not offer rewards.
- A balance transfer fee is applied even during the 0% introductory period.
U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard: Best for Earning Up to 5% Cash Back With 0% APR for 15 Months
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Who Should Consider the U.S. Bank Business Platinum Card
As one of our best business credit cards for balance transfers, this card offers a long 0% introductory period on balance transfers for the first 15 billing cycles, and the ability to earn cash back rewards. Providing a long 0% introductory period and earning premium cash back rewards on selected spending categories is why this card is included in our roundups of the leading small business credit cards, top business credit cards that don’t report to personal credit, and best credit cards for new businesses with no credit history.
Other benefits:
- Earn $500 cash back when you spend $4,500 in the first 150 days
- Receive the following cash back rewards:
- 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center
- 3% cash back at gas stations, office supply stores, and mobile phone service providers
- 1% cash back on all other eligible purchases
- Enjoy a 0% introductory period on purchases for the first 15 billing cycles from the date of account opening.
- Divide eligible purchases into equal monthly payments without interest through U.S. Bank’s ExtendPay® Plan. Note that a fixed monthly fee will be added to your credit card bill.
Important considerations:
- It does not have a 0% introductory period on cash advances.
- It charges balance transfer fees even during the 0% introductory period.
BMO Business Platinum Credit Card: Best for 0% Balance Transfer APR for 18 Months and Rebates Through Mastercard Easy Savings®
BMO Business Platinum Credit Card
BEST FOR:
Those with existing BMO checking accounts intending to make large purchases or transfers
- 0% introductory APR on purchases for 18 months from date of account openingfootnote
Pros
- Has a 0% introductory period on purchases and balance transfers
Cons
- Does not offer rewards for its new and existing cardholders
- BMO bank is located in only located in the following states: Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
- Extended warranty: Get double the original manufacturer’s―or United States store brand―warranty for up to one year on most new items you buy with your card. Note that these items must have an original manufacturer’s warranty of one year or less.
- Cellphone protection: Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to your card. Note that terms and restrictions apply.
- Discounts on Intuit QuickBooks® and TurboTax®: Enjoy discounts on both Intuit QuickBooks® and TurboTax®, which can help streamline your accounting and simply your taxes. Note that terms and restrictions apply.
- 0% introductory APR on purchases for 18 months from date of account openingfootnote
Pros
- Has a 0% introductory period on purchases and balance transfers
Cons
- Does not offer rewards for its new and existing cardholders
- BMO bank is located in only located in the following states: Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
- Extended warranty: Get double the original manufacturer’s―or United States store brand―warranty for up to one year on most new items you buy with your card. Note that these items must have an original manufacturer’s warranty of one year or less.
- Cellphone protection: Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to your card. Note that terms and restrictions apply.
- Discounts on Intuit QuickBooks® and TurboTax®: Enjoy discounts on both Intuit QuickBooks® and TurboTax®, which can help streamline your accounting and simply your taxes. Note that terms and restrictions apply.
Who Should Consider the BMO Business Platinum Credit Card
Business owners with active BMO business checking accounts intending to make significant purchases or balance transfers may consider this option. On top of offering a 0% introductory period on balance transfers for the first 18 months, you can save up to 25% on gas, meals, office supplies, hotels, and more through the Mastercard Easy Savings®.
Other benefits:
- Add up to 20 additional cards at no additional cost
- Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to the card
- Enjoy discounts on Intuit QuickBooks and TurboTax to help streamline your accounting and taxes
- Receive a 0% introductory period on purchases for the first 18 billing cycles from the date of account opening
Important considerations:
- Most of BMO Harris Bank’s branches are located in the following states: Illinois, Wisconsin, Indiana, Arizona, Minnesota, Missouri, Florida, and Kansas.
Edward Jones Business Plus Mastercard®: Best for No Balance Transfer Fee & 0% APR for 12 Months
- 1.5 Loyalty Points for every $1 spent on eligible net purchases up to $40,000
- 2 Loyalty Points for every $1 spent on eligible net purchases over $40,000 in the same year
- 4 Bonus Loyalty Points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Pros
- Sign up bonus
- Introductory 0% APR and $0 fee on balance transfers
- No annual fee option
Cons
- No 0% APR on purchases
- High purchase requirements to earn higher rewards
- Worldwide travel accident insurance
- Free credit score access
- Online and mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
- 1.5 Loyalty Points for every $1 spent on eligible net purchases up to $40,000
- 2 Loyalty Points for every $1 spent on eligible net purchases over $40,000 in the same year
- 4 Bonus Loyalty Points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Pros
- Sign up bonus
- Introductory 0% APR and $0 fee on balance transfers
- No annual fee option
Cons
- No 0% APR on purchases
- High purchase requirements to earn higher rewards
- Worldwide travel accident insurance
- Free credit score access
- Online and mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Who Should Consider the Edward Jones Business Plus Mastercard®
This is the only card on our list that charges $0 balance transfers for balances transferred within the first 60 days of account opening and a 0% introductory period on balance transfers for the first 12 billing cycles. It also lets you earn up to 6x points for every dollar spent on eligible net purchases.
Other benefits:
- Earn 15,000 bonus Loyalty Points® after spending $1,000 in eligible net purchases within the first 90 days of opening your account
- Receive up to 6x Loyalty Points® during each 12-month period, which are broken as follows:
- 1.5 Loyalty Points® (or 1.5% cash back) for every dollar spent on eligible net purchases for the first $40,000
- 2 Loyalty Points® (or 2% cash back) for every dollar spent on eligible net purchases for the first $40,000
- 4 bonus Loyalty Points® on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
- Get the annual fee waived after making at least one purchase to your account each year; otherwise, you will be charged $25
- Manage your account through Spend Analysis, which is a free online tool that can help track business expenses
Important considerations:
- It does not have a 0% introductory period on purchases.
- It requires you to meet high purchase requirements to earn higher rewards.
M&T Business Rewards Credit Card: Best for 0% APR for 12 Months With Unlimited Cash Back
M&T Business Rewards Credit Card
BEST FOR:
Those with existing M&T checking or savings account wanting cash back rewards
- Unlimited 1.5% cash back on every purchase
- 0% introductory APR on balance transfers and purchases for 12 billing cycles (a balance transfer fee will apply)
- Variable APR of 14.49% to 21.49% thereafter
- No annual fee
- Add employee cards at no additional cost, plus ability to manage spend limits for users
- Global acceptance with chip technology
- M&T Assurance® for fraud prevention, detection, and resolution
- Multiple convenient ways to make payments, transfer funds, or review account detail, such as online with M&T Online Banking for Business or via the M&T Mobile App, at an M&T Bank ATM, or in person at any local M&T branch.
- Pay for purchases conveniently with Apple Pay®, Google Pay™, and Samsung Pay at millions of stores around the world by adding your card to a supported iPhone®, Android®, or an eligible Samsung device
- Save with no foreign transaction fee
Pros
- With 0% introductory APR on purchases and balance transfers
- Welcome offer
- Doesn’t charge annual fees
Cons
- Charges high balance transfer fees
- Doesn’t offer unique features that make this business credit card stand out
- M&T Assurance®: M&T Bank helps prevent and detect card fraud, letting you use it confidently.
- Chip technology: Each M&T credit card contains an encrypted microchip. So, when your card is used at a chip-enabled terminal, you’re protected from fraudulent or counterfeit transactions.
- Digital wallet: Your M&T card can be linked to digital wallets like Apple Pay, Google Pay, Samsung Pay, and Garmin Pay. This feature lets you make purchases without your physical card at brick-and-mortar stores and your card details for online payments.
- Employee cards: You can add employee cards at no additional cost and manage each card’s spending limits.
- Unlimited 1.5% cash back on every purchase
- 0% introductory APR on balance transfers and purchases for 12 billing cycles (a balance transfer fee will apply)
- Variable APR of 14.49% to 21.49% thereafter
- No annual fee
- Add employee cards at no additional cost, plus ability to manage spend limits for users
- Global acceptance with chip technology
- M&T Assurance® for fraud prevention, detection, and resolution
- Multiple convenient ways to make payments, transfer funds, or review account detail, such as online with M&T Online Banking for Business or via the M&T Mobile App, at an M&T Bank ATM, or in person at any local M&T branch.
- Pay for purchases conveniently with Apple Pay®, Google Pay™, and Samsung Pay at millions of stores around the world by adding your card to a supported iPhone®, Android®, or an eligible Samsung device
- Save with no foreign transaction fee
Pros
- With 0% introductory APR on purchases and balance transfers
- Welcome offer
- Doesn’t charge annual fees
Cons
- Charges high balance transfer fees
- Doesn’t offer unique features that make this business credit card stand out
- M&T Assurance®: M&T Bank helps prevent and detect card fraud, letting you use it confidently.
- Chip technology: Each M&T credit card contains an encrypted microchip. So, when your card is used at a chip-enabled terminal, you’re protected from fraudulent or counterfeit transactions.
- Digital wallet: Your M&T card can be linked to digital wallets like Apple Pay, Google Pay, Samsung Pay, and Garmin Pay. This feature lets you make purchases without your physical card at brick-and-mortar stores and your card details for online payments.
- Employee cards: You can add employee cards at no additional cost and manage each card’s spending limits.
Who Should Consider the M&T Business Rewards Credit Card
Those with an active M&T business checking account would want to consider this option as it offers both 0% introductory period on balance transfers for the first 12 billing cycles and the ability to earn cash back rewards. It also provides security and protection through M&T Assurance® and Visa Zero Liability policy.
Other benefits:
- Earn 2% cash back on all purchases for your first year, then 1.5% cash back after that
- Enjoy a 0% introductory period on purchases for the first 12 billing cycles from the date of account opening
- Limit your overall credit costs as this card does not charge annual and foreign transaction fees
- Add employee cards to your account at no additional cost
Important considerations:
- It requires an existing M&T checking or savings account to qualify for the card.
- M&T Bank has locations in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and Washington, D.C.
PNC Visa® Business Credit Card: Best for Low Ongoing APR & 0% Balance Transfer APR for 13 Months
PNC Visa® Business Credit Card
BEST FOR:
Existing PNC Bank account holders that need to carry a balance
- No annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- Does not charge an annual fee
- With an interest-free financing option on balance transfers
Cons
- No interest-free financing option on purchases
- No rewards for new and existing cardholders
- Can only apply online if you have an existing online bank account with PNC Bank
- With a high penalty interest rate
- Cash Flow Insight®: Helps you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables.
- Travel accident insurance: You’re covered by travel accident insurance if you die or are seriously injured while traveling.
- Roadside Dispatch®: A pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services.
- Overdraft protection: You can set up your PNC Visa® Business Credit Card as overdraft protection for your PNC business checking account to ensure that you have funds when needed.
- No annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- Does not charge an annual fee
- With an interest-free financing option on balance transfers
Cons
- No interest-free financing option on purchases
- No rewards for new and existing cardholders
- Can only apply online if you have an existing online bank account with PNC Bank
- With a high penalty interest rate
- Cash Flow Insight®: Helps you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables.
- Travel accident insurance: You’re covered by travel accident insurance if you die or are seriously injured while traveling.
- Roadside Dispatch®: A pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services.
- Overdraft protection: You can set up your PNC Visa® Business Credit Card as overdraft protection for your PNC business checking account to ensure that you have funds when needed.
Who Should Consider the PNC Visa® Business Credit Card
This is another excellent business credit card for balance transfers, ideal for those with existing PNC Bank business checking accounts looking to make large balance transfers. It should be noted that this card is one of the few listed in our guide that does not offer a 0% introductory period on purchases.
Other benefits:
- Limit overall costs, as this card does not charge annual fees
- Check your current balance, view pending transactions, and set individual spending limits for your employee cards
- Cash Flow Insight®: This lets you monitor your and your employees’ spending habits and plan and budget future business needs
Important considerations:
- It does not have a 0% introductory period on purchases.
- It does not let you earn rewards.
- It charges a high penalty interest rate
- PNC Bank has branches in Washington, D.C., and 28 states.
Citi Simplicity® Card: Best Personal Card With Interest-free Balance Transfers for 21 Months
Citi Simplicity® Card
BEST FOR:
Startups who need a lengthy 0% APR period fund business expenses
- Citi Simplicity® Card doesn’t offer any rewards for their new and existing cardholders.
Pros
- One of the longest 0% APR periods available
- $0 annual fee
Cons
- No rewards for new and existing cardholders
- Cannot build business credit
- Flexible payment due date: You can choose your preferred due date at the beginning, middle, or end of the month. In addition, you have the flexibility of paying either the full balance or just the minimum payment due every month.
- Mastercard® Identity Theft Protection program: If you’re a victim of identity theft, this can help you resolve the matter.
- Zero liability protection: Zero liability protects you against unauthorized charges on your account. You won’t be responsible for a charge that you didn’t authorize.
- No additional fees: Citi® does not charge additional fees, such as late fees or penalty rate, on the Citi Simplicity® Card.
- Citi Simplicity® Card doesn’t offer any rewards for their new and existing cardholders.
Pros
- One of the longest 0% APR periods available
- $0 annual fee
Cons
- No rewards for new and existing cardholders
- Cannot build business credit
- Flexible payment due date: You can choose your preferred due date at the beginning, middle, or end of the month. In addition, you have the flexibility of paying either the full balance or just the minimum payment due every month.
- Mastercard® Identity Theft Protection program: If you’re a victim of identity theft, this can help you resolve the matter.
- Zero liability protection: Zero liability protects you against unauthorized charges on your account. You won’t be responsible for a charge that you didn’t authorize.
- No additional fees: Citi® does not charge additional fees, such as late fees or penalty rate, on the Citi Simplicity® Card.
Who Should Consider the Citi Simplicity® Card
Business owners who could not yet get qualified for a business credit card would want this personal credit card as it gives a 0% introductory APR for balance transfers for the first 21 months—the longest period among the listed cards. It also offers a 0% introductory period on purchases for the first 12 billing cycles from the date of account opening.
Other benefits:
- Limit your overall credit costs as this card does not charge annual and late fees or include a penalty rate in case you miss a payment
- Choose to pay your bill on any available due date, letting you enjoy the flexibility of paying your balance in full or just the minimum payment due each month
- Enjoy a 0% introductory period on purchases for the first 12 billing cycles from the date of account opening
- Rest assured that you’re completely protected against unauthorized charges made on your account
Important considerations:
- It does not let you earn rewards.
- It cannot help you build your business credit
- It charges balance transfer fees.
How We Selected the Best Balance Transfer Business Credit Cards
To select the best business card balance transfer offers, we first considered the length of the introductory 0% balance transfer APR. We also took into account transfer fees, annual fees, ongoing APRs, rewards, and whether the card has a 0% APR offer on purchases.
Frequently Asked Questions (FAQs)
It’s a good idea if you need a longer period to pay off high-interest debts. So, a balance transfer credit card is best for business owners with existing debts from other cards. If you can qualify for small business credit cards with a zero-interest period on balance transfers, it can help you save money on interest while giving you ample time to settle your full balance. Note that you need to be careful using your card, especially if you intend to pay off your existing debt and not accumulate new ones.
When deciding which balance transfer business credit card is right for you, consider factors like the length of the introductory APR period, balance transfer fees, annual fees, and the card’s regular APR once the introductory period ends. You should also check whether you will benefit more from balance transfer business credit cards that offer rewards on your purchases.
No, they won’t, but while that is the case, opening a new credit card may harm your credit, as most card issuers will perform a hard inquiry on your credit score. Before deciding to apply for any of the best business credit cards for balance transfers, ensure that the advantages of opening a new card outweigh the possible damage it can do to your credit.
Yes, you can, as most business credit card issuers allow you to do so. However, you need to keep your business and personal financial transactions separate to avoid accounting and tax issues. If you have previously used your personal credit card for business-related expenses, make sure to keep a record of those transactions so you won’t get into trouble come tax time.
Bottom Line
Whether you’re self-employed or a small business owner, the best business credit card with a balance transfer offer gives you an adequate amount of time to pay down your debt from other credit cards interest-free. To maximize the 0% introductory offer, budget your monthly payment so that you’ll have paid off any high balances when the card switches to its regular APR.