Looking for offers from top business Balance Transfer credit cards? This definitive guide examines the 6 best Business Balance Transfer Credit Cards of 2024 based on 0% APR periods, fees, rewards, and perks to save your company money.
- 1. U.S. Bank Business Triple Cash Rewards with 0% APR
- 2. Wells Fargo Business Platinum Card with 0% APR
- 3. Bank of America Business Advantage Cash Rewards with 0% APR
- 4. U.S. Bank Business Platinum Card with 0% APR
- 5. Citi Diamond Preferred Card with 0% APR
- 6. Capital One Spark Cash Plus with 0% APR
- Choosing the Best 0% APR Business Balance Transfer Card for You
- FAQs on 0 % APR business balance transfer credit cards:
Transferring a balance from a high-interest credit card to one with a lower rate can save your business money. The key is finding the right balance transfer business credit card that fits your needs. This comprehensive guide examines the top 6 best 0% APR business balance transfer credit cards for 2024 based on long 0% intro APR periods, low fees, flexibility in redemption options, and valuable rewards you can use.
1. U.S. Bank Business Triple Cash Rewards with 0% APR
The U.S. Bank Business Triple Cash Rewards card offers new cardholders 0% intro APR for 15 billing cycles on balance transfers made within 60 days of account opening. After that, a variable APR applies between 16.49% to 26.49% based on your creditworthiness.
This card also earns 3% cash back on eligible net purchases across these categories:
- Gas stations
- Office supply stores
- Cell phone providers
All other eligible net purchases earn 1% cash rewards. There’s no limit on how much cash back you can earn. Rewards don’t expire and can be redeemed for cash back, statement credits, gift cards, or travel.
Pros
- Generous intro 0% APR period for balance transfers
- Unlimited 3% and 1% cash back rewards
- No annual fee
Cons
- 3% cash back limited to select categories
- Foreign transaction fee applies
2. Wells Fargo Business Platinum Card with 0% APR
The Wells Fargo Business Platinum card provides new cardholders with an intro 0% APR for 18 billing cycles on purchases and any qualifying balance transfers made within 120 days from account opening. After the intro period, a variable APR of 16.49% to 26.49% applies.
This card has no annual fee. It also offers cell phone protection against covered damage or theft when you pay your monthly cell phone bill with the card.
Pros
- Generous intro 0% APR period
- No annual fee
- Cell phone protection benefit
Cons
- No rewards program
- Foreign transaction fee applies
3. Bank of America Business Advantage Cash Rewards with 0% APR
The Bank of America Business Advantage Cash Rewards card provides an intro 0% APR for 9 billing cycles on any balance transfers made within 60 days of opening your account. After the intro period, a variable APR between 12.24% to 22.24% applies.
This card earns unlimited 3% cash back on one category you choose each month from:
- Gas
- Office supply stores
- Phone services
Plus 2% cash back at restaurants and 1% on everything else. Cash rewards don’t expire and can be redeemed for statement credits, checks or deposit into eligible Bank of America accounts.
Pros
- Choose a 3% bonus category each month
- No annual fee
Cons
- Shorter 0% intro APR period for balance transfers
- Foreign transaction fee
4. U.S. Bank Business Platinum Card with 0% APR
The U.S. Bank Business Platinum Card provides an intro 0% APR for 20 billing cycles on balance transfers made within 60 days of opening your account . After the intro period ends, a variable 15.49% to 25.49% APR applies.
This card has no annual fee. Cardholders also get free employee cards, expanded 0% intro APR of 12 billing cycles on purchases, plus cell phone protection against damage or theft when cell phone payments are made with the card.
Pros
- Long 0% intro APR on balance transfers
- No annual fee
- Cell phone protection
Cons
- No rewards program
- Foreign transaction fee
5. Citi Diamond Preferred Card with 0% APR
Citi Diamond Preferred Card offers an intro 0% APR for 18 months on balance transfers made within 4 months of account opening. After the intro period, a variable 14.74% to 24.74% APR applies. The balance transfer fee is 5% of each transfer ($5 minimum).
This card comes with no annual fee, 24/7 concierge service and access to Citi Entertainment with special offers. It also includes complimentary 3-day early check-in to thousands of hotels when you book through Citi Concierge.
Pros
- Lengthy intro 0% APR on balance transfers
- No annual fee
- Travel and entertainment perks included
Cons
- 3% balance transfer fee
- No rewards offered
6. Capital One Spark Cash Plus with 0% APR
The Capital One Spark Cash Plus card provides an intro 0% APR for 9 months on purchases and balance transfers made in the first 3 months . After that, a variable APR between 17.24% to 23.24% applies. The fee for balance transfers is 3% ($10 minimum).
This card earns 5% cash back on hotel and rental car bookings made through Capital One Travel. It also offers 2% cash back on all other purchases with no category restrictions or spending caps. Rewards don’t expire and there’s no annual fee.
Pros
- 5% and 2% cash back rewards
- Generous redemption options
- No annual fee
Cons
- Short intro 0% APR period
- 3% balance transfer fee
Choosing the Best 0% APR Business Balance Transfer Card for You
With many excellent business credit cards offering intro 0% APR periods for balance transfers, it pays to find the right card for your spending habits and financial needs. Carefully weigh the length of the 0% term, fees, flexible rewards, and other perks offered. Checking your business credit score before applying also ensures you select a card that matches your qualifications.
Prioritizing paying off existing balances during the intro period can save substantially on expensive interest charges. Consistently making on-time payments going forward also helps strengthen your business credit standing over time.
FAQs on 0 % APR business balance transfer credit cards:
Why do we need business balance transfer credit cards?
To save money on interest charges by transferring higher-interest credit card balances to a card with a lower introductory APR
Consolidate multiple credit card payments into one lower monthly payment
Improve cash flow by reducing interest expenses each month
When do we need business balance transfer credit cards?
When your business has existing high-interest credit card debt
If you can pay off the balances by the end of the intro 0% APR timeframe
When you have good credit to qualify for the best card terms
Where do we need business balance transfer credit cards?
For any eligible business expenses where you currently use higher-rate cards
To take advantage of 0% intro APR offers and pay no interest temporarily
For flexibility in managing business cash flow month-to-month
Where to get business balance transfer credit cards?
Apply directly on bank websites.
Talk to your bank representative about best fits for your business.
Can you transfer the balance from a personal credit card to a business credit card?
Yes, the process works very similarly to balance transfers between personal cards. You initiate the request with the new business card provider.
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