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Credit Cards
Best Balance Transfer Business Credit Cards

Advertiser Disclosure Updated: Oct 24, 2024, 11:45am

Best Balance Transfer Business Credit Cards Of November 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 redemptio...

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Becky Pokora

Becky PokoraCredit Card Rewards Expert

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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...

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Caroline Lupini

Caroline LupiniManaging Editor, Credit Cards & Travel Rewards

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Fact Checked

|Managing Editor, Credit Cards & Travel Rewards

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Updated: Oct 24, 2024, 11:45am

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

The best business credit cards for balance transfers can significantly reduce interest payments during the introductory period, allowing you to allocate more funds toward reducing debt. While these cards usually offer a 0% intro APR for a limited period, it’s important to note that they also typically include a balance transfer fee—often a percentage of the transferred amount. Despite this fee, the overall cost is often less than the ongoing APR on standard credit cards, making it a cost-effective option for managing and reducing high card balances.

Show Summary

Best Balance Transfer Business Credit Cards

State Farm Business Cash Rewards Visa Signature® Card *: Best Credit Card for Businesses With State Farm Insurance
PNC Visa® Business Credit Card *: Best Credit Card for Low Ongoing APR After the Introductory Period
Edward Jones Business Plus Mastercard® *: Best Credit Card for Additional Benefits

Find the Best Credit Card

Best Balance Transfer Business Credit Cards

Best Credit Card 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 and EVRead More

Welcome Bonus

N/A

Annual Fee

Regular APR

18.74% - 27.74% variable

Credit Score

Excellent/Good (700 - 749)

Our Expert Take

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.

Why We Like It

The State Farm Business Cash Rewards Visa Signature® Card* offers a 0% intro APR on purchases and balance transfers for the first 12 billing cycles, then a standard APR of 18.74% – 27.74% variable applies. Balance transfer fee of 3% of the amount of each transfer, $5 min. applies. 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.

What We Don’t Like

Those who don’t have insurance through State Farm might find that the rewards categories offered by this card aren’t that useful.

Who It’s Best For

The State Farm Business Cash Rewards Card is best for State Farm-insured businesses seeking to earn rewards on their everyday expenses and pay off their existing debt with a balance transfer offer.

Expert Commentary

Albert Hsieh

Credit Cards and Reward Points Expert

Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.

Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.

With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.

His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.

Albert Hsieh

Credit Cards and Reward Points Expert

Niche businesses under high-risk or asset-heavy services could find the most value from the State Farm Business Cash Card. Key benefits include cash back on insurance premium payments, auto protections and deductible rebates. But business owners who can’t use these unique benefits or an intro APR offer will find less value from this card.

Pros & Cons

No annual fee or foreign transaction fees
3% cash back in a variety of categories, including insurance premiums
Intro APR offer that includes balance transfers
Up to $200 auto deductible reimbursement

No welcome offer
Limited redemption options

Card Details

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

Best Credit Card 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

17.24% - 27.24% variable

Credit Score

Good/Excellent (700 - 749)

Our Expert Take

The PNC Visa® Business Credit Card* is best for business owners who prefer a lower ongoing APR rather than earning rewards.

Why We Like It

The PNC Visa® Business Credit Card* offers a 0% introductory APR for the first 13 billing cycles on purchases and balance transfers made within the first 90 days of opening an account, followed by a regular variable APR of 17.24% – 27.24% on purchases and balance transfers. A balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies. It also comes with basic Visa Business perks including Visa Offers and access to travel and emergency services and roadside assistance.

What We Don’t Like

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. This card also doesn’t earn rewards, so its value will be short-lived.

Who It’s Best For

The PNC Visa® Business Credit Card* is best for business owners who tend to carry a balance and prioritize low interest over earning rewards.

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 Credit Card 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

19.74% - 29.74% variable

Credit Score

Good (700 - 749)

Our Expert Take

For small business owners who invest with Edward Jones, the Edward Jones Business Plus Mastercard®*’s balance transfer offer plus hard-to-find 0% intro fee for balances transferred within the first 60 days of account opening merits consideration.

Why We Like It

The Edward Jones Business Plus Mastercard®* offers a 0% intro APR for the first 12 billing cycles on balance transfers followed by a variable APR of 19.74% – 29.74% 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. 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.

What We Don’t Like

Other business credit cards come with balance transfer offers without requiring a relationship with an investment firm.

Who It’s Best For

The Edward Jones Business Plus Mastercard is best for businesses that invest with or are willing to open an account with Edward Jones and can benefit from the balance transfer offer and ongoing 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

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

State Farm Business Cash Rewards Visa Signature® Card

Best Credit Card for Businesses With State Farm Insurance

Excellent/Good

N/A

PNC Visa® Business Credit Card

Best Credit Card for Low Ongoing APR After the Introductory Period

Good/Excellent

N/A

Edward Jones Business Plus Mastercard®

Best Credit Card for Additional Benefits

Good

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

15,000 bonus loyalty points

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

Forbes Advisor re-evaluates each credit card list at least every 12 months to determine if any cards need to be added and/or removed. However, a list could be updated sooner if significant changes are made to the mentioned cards or if a new credit card is announced that’s likely to impact the category.

To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates credit cards.

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 on personal cards. Once you find the right business card for your needs, you simply apply for the card. Depending on the issuer, you may be able to request a balance transfer during the application process or you may need to make the balance transfer after opening the account.

Remember you won’t know your new card’s credit limit until you’re approved. Depending on your creditworthiness, your limit may not be sufficient to cover the total amount you’re looking to transfer. Before transferring debt to a new card, be mindful that any balance transfer fees and transfer requirements to qualify for the intro APR. For example, if you’re approved for a $10,000 credit limit on a card with a 3% balance transfer fee, your balance on the new card will be $10,300.

How Do Balance Transfer Business Credit Cards Work?

You should understand a few key things about balance transfer business credit cards before you apply.

Introductory offer. These cards often feature a low or zero percent APR period, specifically to assist in paying down existing debts more quickly and affordably.
Personal guarantee. Applying for these cards usually requires a personal guarantee, meaning you use your Social Security number and become personally liable for any debts, even though they’re business credit cards.
Balance transfer fees. While facilitating debt consolidation and reduction, these cards generally charge a fee based on the amount transferred, typically ranging from 3% to 5%.
Credit impact. Using a balance transfer card can affect your credit score. Initially, it might dip due to the hard inquiry from applying, and you may also see a decrease due to increased credit utilization on the card. However, responsible use over time can improve your credit.

Pro Tip

If your current card balances are high, keep in mind that the amount you can transfer is limited by your credit line. Prepare a backup plan in case you can’t transfer the total amount.

Should You Get a Business Balance Transfer Credit Card?

If you’re considering a business balance transfer credit card, you must weigh the benefits of introductory 0% APR periods against potential balance transfer fees and the requirement for a personal guarantee. These cards are ideal for businesses looking to reduce interest on existing debt and free up cash flow.

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 and compare how much it would cost you in fees to transfer the debt to a card with a 0% APR period.

It may be possible to save more by making higher payments over a shorter period on your current card. If cash flow is not an issue, taking this course and choosing a more rewarding business credit card may make more sense long term. 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?

Only a few banks offer a business credit card for balance transfers. The banks on this list were selected because they provide some of the best options available.

Next Up In Credit Cards

*The information for the following card(s) has been collected independently by Forbes Advisor: 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

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