7 Best Business Credit Card Balance Transfer Offers for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
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 offer lucrative rewards on everyday purchases.
To see how this card stacks up against others that we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
Here are our choices for the best business credit card balance transfer offers:
- U.S. Bank Business Platinum Card: Best overall for business credit card balance transfer offers
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: Best for ongoing rewards
- Wells Fargo Business Platinum Card: Best for choosing between cash or points rewards
- PNC Visa® Business Credit Card: Best for low ongoing APR
- M&T Business Rewards Credit Card: Best for easy unlimited rewards
- Edward Jones Business Plus MasterCard®: Best for no balance transfer fee
- Citi Simplicity® Card: Best for longest 0% introductory APR for a personal card
How We Evaluated the Best Balance Transfer Business Credit Cards
To select the best business card balance transfer offers, we first chose credit cards that offer an introductory 0% APR on balance transfers and purchases. Then we considered the length of the introductory term, transfer fees, annual fees, ongoing APRs, and rewards.
When Should You Do a Balance Transfer?
A balance transfer credit card is best for business owners who have existing debts from other credit cards. Transferring your balance from another credit card is a good idea if you need a longer period to pay off high-interest debts. If you can qualify for small business credit cards that offer 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.
When you’re setting your goals for reducing business credit card debt, be sure to include balance transfer and annual fees and consider the card’s regular APR once the introductory rate ends. It’s also important to note that some balance transfer business credit cards offer rewards to incentivize users to spend more. You need to be careful in using your card especially if your purpose is to pay off your existing debt and not accumulate new ones.
While balance transfers won’t directly affect your credit score, opening a new credit card may harm your credit. Before deciding to apply for any of the best business credit cards for balance transfer, make sure that the advantages of opening a new card outweigh the possible damage it can do to your credit.
U.S. Bank Business Platinum Card: Best Overall for Business Credit Card Balance Transfer Offers
U.S. Bank Business Platinum Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
0% for first 20 billing cycles
Regular APR
12.74% - 21.74% (Variable)
Annual Fee
$0
Credit Needed
Good/Excellent
- Limited time offer: 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 12.74% to 21.74%.
- U.S. Bank Business Platinum Card
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay ™Plan.
- 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
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Intro APR
0% for first 20 billing cycles
Regular APR
12.74% - 21.74% (Variable)
Annual Fee
$0
Credit Needed
Good/Excellent
- Limited time offer: 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 12.74% to 21.74%.
- U.S. Bank Business Platinum Card
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay ™Plan.
- 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
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Why we like it: If your top goal is to transfer over high balances, the U.S. Bank Business Platinum Card should be your first choice. It offers 0% introductory APR on both balance transfers and purchases that lasts for an entire 20 billing cycles. You need to transfer your balance within 30 days after opening an account to qualify for 0% APR. The best way to use this card is to help pay down debt or to finance large purchases for your business.
While this card doesn’t offer any introductory bonuses or ongoing rewards, it comes with no annual fee. Moreover, you can monitor expenses with the Visa Business Reporting tool. The U.S. Bank Business Platinum Card is also part of the best 0% APR business credit cards because it has a long introductory 0% APR offer, low ongoing APRs, and no annual fees.
Balance transfer fee: $5 minimum or 3% of the transfer, whichever is greater
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: Best for Ongoing Rewards
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone 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 Travel 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 purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- 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
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No 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 1 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.
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone 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 Travel 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 purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- 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
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No 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 1 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.
Why we like it: With the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®, you’ll benefit from an introductory 0% APR on balance transfers and purchases for 15 months. To take advantage of the 0% APR on balance transfers, you should transfer your balance within 30 days after opening an account.
This small business credit card also offers a substantial rewards program. Earn 3% cash back at gas stations, office supply stores, and mobile phone service providers, and 1% cash back on all other eligible purchases. Plus, you’ll earn $500 cash back when you spend $4,500 in the first 150 days—and there’s no annual fee. This card is best for those who usually spend more on fuel and dining, making it one of our choices for the best small business credit cards.
Balance transfer fee: $5 minimum or 3% of the transfer, whichever is greater
Wells Fargo Business Platinum Card: Best for Choosing Between Cash or Points Rewards
Wells Fargo Business Platinum Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Choosing cash back or points rewards with no annual fee
Intro APR
0%
Regular APR
12.74% - 22.74% Variable
Annual Fee
$0
Credit Needed
Excellent
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Excellent introductory bonus offer
- No-interest financing period
- Ongoing bonus rewards for meeting monthly spending requirements
- Register employee cards with no additional fees
Cons
- Low ongoing rewards
- Airline ticket redemption fees
- Points have an expiration
- Purchase security: Wells Fargo offers coverage for purchased items that have been damaged or stolen within 90 days of purchase. They may repair, replace, or reimburse you for the items. Coverage is limited to $10,000 per item and up to $50,000 per year.
- Wells Fargo design studio: Wells Fargo allows you to design your card by uploading an image that represents your company. For example, the image could be your business logo or storefront.
Intro APR
0%
Regular APR
12.74% - 22.74% Variable
Annual Fee
$0
Credit Needed
Excellent
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Excellent introductory bonus offer
- No-interest financing period
- Ongoing bonus rewards for meeting monthly spending requirements
- Register employee cards with no additional fees
Cons
- Low ongoing rewards
- Airline ticket redemption fees
- Points have an expiration
- Purchase security: Wells Fargo offers coverage for purchased items that have been damaged or stolen within 90 days of purchase. They may repair, replace, or reimburse you for the items. Coverage is limited to $10,000 per item and up to $50,000 per year.
- Wells Fargo design studio: Wells Fargo allows you to design your card by uploading an image that represents your company. For example, the image could be your business logo or storefront.
Why we like it: The Wells Fargo Business Platinum Card offers 0% APR for only nine months, which is less than half compared to what the U.S. Bank Business Platinum Card offers. However, unlike the U.S. Bank Business Platinum Card, which doesn’t have a rewards program, the Wells Fargo Business Platinum Card allows you to earn either cash back or points-based rewards. Plus, you can also earn a one-time $300 cash back bonus or 30,000 bonus points when you spend $3,000 in the first three months after opening an account.
If you choose to earn cash back, you’ll receive 1.5% cash back on qualifying purchases. For points-based rewards, you’ll earn 1x point per dollar spent, and receive an additional 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases. This card is also a good option if you prefer a business credit card that won’t affect your personal credit. The Wells Fargo Business Platinum Card is one of our top choices for the best business credit cards that don’t report to personal credit bureaus.
Balance transfer fee: Varies, depending on your specific offer
PNC Visa® Business Credit Card: Best for Low Ongoing APR
PNC Visa® Business Credit Card
Intro APR
0% for the first 13 billing cycles after opening an account on balance transfers
Regular APR
9.99% to 19.99% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- No annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- No annual fee
- Low ongoing APR
- 0% APR period on balance transfers
Cons
- No 0% APR on purchases
- No rewards
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan you budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- All benefits of a Visa® card: This card comes with all the benefits of a Visa® credit card, including worldwide acceptance and fraud protection.
Intro APR
0% for the first 13 billing cycles after opening an account on balance transfers
Regular APR
9.99% to 19.99% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- No annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- No annual fee
- Low ongoing APR
- 0% APR period on balance transfers
Cons
- No 0% APR on purchases
- No rewards
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan you budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- All benefits of a Visa® card: This card comes with all the benefits of a Visa® credit card, including worldwide acceptance and fraud protection.
Why we like it: Aside from offering 0% APR on balance transfers for the first 13 billing cycles after opening an account, the PNC Visa® Business Credit Card comes with a low ongoing APR that ranges from 10.24% to 20.24% variable. This is an excellent option for business owners who plan to carry a balance after the introductory period.
The PNC Visa® Business Credit Card has no annual fee—however, similar to the U.S. Bank Business Platinum Card, it doesn’t offer introductory and ongoing rewards. It’s also important to note that interest-free financing is only available to balance transfers and doesn’t apply to regular purchases.
Balance transfer fee: $5 or 3% of the amount of each transfer, whichever is greater
M&T Business Rewards Credit Card: Best for Easy Unlimited Rewards
M&T Business Rewards Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Fixed-rate cash back rewards on all purchases
Intro APR
0%
Regular APR
12.24% - 19.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 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
- 0% introductory APR
- Introductory rewards
- No annual fee
Cons
- No sign-up bonus
- Low ongoing rewards
- Extended warranty protection: Visa will double the original manufacturer’s warranty up to an additional year on warranties of three years or less up to a maximum of $10,000 per claim.
- Purchase security: Visa may repair, replace, or offer reimbursement for items purchased with your M&T Business Rewards Credit Card that are damaged or stolen within 90 days of purchase. Purchase security is limited to $10,000 per claim.
Intro APR
0%
Regular APR
12.24% - 19.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 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
- 0% introductory APR
- Introductory rewards
- No annual fee
Cons
- No sign-up bonus
- Low ongoing rewards
- Extended warranty protection: Visa will double the original manufacturer’s warranty up to an additional year on warranties of three years or less up to a maximum of $10,000 per claim.
- Purchase security: Visa may repair, replace, or offer reimbursement for items purchased with your M&T Business Rewards Credit Card that are damaged or stolen within 90 days of purchase. Purchase security is limited to $10,000 per claim.
Why we like it: The M&T Business Rewards Credit Card offers a 0% introductory APR on both purchases and balance transfers for 12 months after opening an account. It comes with no annual fees and a low ongoing APR that ranges between 12.24 and 19.24%.
You’ll also get 2% cash back on all eligible purchases for the first year, then 1.5% cash back after that. This card is best for those who want a simple rewards program because there’s no need to keep track of spending categories or tiers. However, this card doesn’t offer any sign-up bonus.
Balance transfer fee: $10 minimum or 4% of the transfer, whichever is greater
Edward Jones Business Plus MasterCard®: Best for No Balance Transfer Fee
Edward Jones Business Plus MasterCard®
Intro APR
None
Regular APR
15.24% to 26.24% variable
Annual Fee
None with at least one purchase to your account each year, otherwise $25
Credit Needed
Good to excellent
- 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/mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Intro APR
None
Regular APR
15.24% to 26.24% variable
Annual Fee
None with at least one purchase to your account each year, otherwise $25
Credit Needed
Good to excellent
- 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/mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Why we like it: The Edward Jones Business Plus MasterCard® is the only business credit card in this list that offers a 0% introductory balance transfer fee for balances transferred within the first 60 days from opening an account. This is on top of the 0% introductory balance transfer APR for the first 12 billing cycles. This card offers a $0 annual fee for the first year, and your annual fee is waived as long as you make at least one purchase using your card each year, otherwise, a $25 annual fee is charged.
Further, during a 12-month billing cycle, you can earn 1.5x points for every dollar spent on eligible purchases up to $40,000, then 2x points per dollar on purchases of more than $40,000. Plus, you’ll receive 4x points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center. It’s important to note that there’s no interest-free financing option on purchases.
Balance transfer fee: $0 for balances transferred within the first 60 days from the date the account is opened, then 3% of the balance transfer amount or a minimum of $5 thereafter
Citi Simplicity® Card: Best for Longest 0% Introductory APR for a Personal Card
Citi Simplicity® Card
BEST FOR:
Startups who need a lengthy 0% APR period fund business expenses
Intro APR
0% for 12 months
Regular APR
14.74% - 24.74% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 0% Intro APR on balance transfers for 21 months from date of first transfer.
- 0% Intro APR on purchases for 12 months from date of account opening.
- No annual fee
Pros
- One of the longest 0% APR periods available
- No annual fee
Cons
- No rewards
- Doesn’t build business credit
- Purchase protection: Citi will repair or reimburse you for items that were damaged or stolen within 90 days of purchase up to $10,000 per incident, $50,000 per year.
- Extended warranty: Get additional an 24 months on top of the manufacturer’s warranty, up to $10,000 per claim.
Intro APR
0% for 12 months
Regular APR
14.74% - 24.74% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 0% Intro APR on balance transfers for 21 months from date of first transfer.
- 0% Intro APR on purchases for 12 months from date of account opening.
- No annual fee
Pros
- One of the longest 0% APR periods available
- No annual fee
Cons
- No rewards
- Doesn’t build business credit
- Purchase protection: Citi will repair or reimburse you for items that were damaged or stolen within 90 days of purchase up to $10,000 per incident, $50,000 per year.
- Extended warranty: Get additional an 24 months on top of the manufacturer’s warranty, up to $10,000 per claim.
Why we like it: If you’ve used personal credit cards for business expenses and want another card dedicated to business use, the Citi Simplicity® Card gives you a 0% introductory APR for balance transfers for an impressive 21 months. It also offers zero-interest financing on purchases for 12 months. Moreover, this card doesn’t charge an annual fee, late fee, and penalty rate in case you missed a payment.
There are no rewards or sign-up bonuses, so the true value of this card is to pay down debt. This card is easy to use, and you can even select the due date for each billing cycle. Keep in mind that this is a personal credit card, so any activity or history won’t go toward building your business credit score.
Balance transfer fee: $5 minimum or 5% of the transfer, whichever is greater
Bottom Line
Whether you’re self-employed or a small business owner, the best business credit card balance transfer offer gives you an adequate amount of time to pay down your debt interest-free. To maximize the 0% introductory offer, budget your monthly payment so you’ll have paid off those high balances when the card switches to its regular APR. For other ways to settle credit card balances, check out our tips on how to pay off credit card debts.
