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Best business balance transfer credit cards for 2022

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Business credit cards come with plenty of valuable perks, from the rewards you can earn on business spending to consumer protections and travel benefits. Cards with balance transfer offers give new cardholders the chance to consolidate debt at 0 percent APR for a limited time. Credit cards, in general, tend to be a poor long-term borrowing option due to the high APRs they charge. With that in mind, business owners would normally want to think twice before using a credit card as a short-term loan.

Fortunately, there are some business credit cards that work especially well for debt consolidation as well as for saving money with a 0 percent APR on purchases. However, card options and zero-interest offers vary widely, so it’s important to do your research.

If you’re a business owner searching for a business credit card that makes it easier to consolidate and pay down debt, here’s what you need to know about the best cards in this niche and how they compare.

Best business balance transfer cards for 2022

Wells Fargo Business Platinum Credit Card: Best for earning rewards

  • 0 percent intro APR on purchases and balance transfers for 9 months, followed by a variable APR of 11.24 percent to 21.24 percent
  • Balance transfer fee varies
  • No annual fee

In addition to saving on interest charges for a transferred balance, the Wells Fargo Business Platinum also gives you two different options to earn rewards on your spending going forward. With the Cash Back option you can earn 1.5 percent cash back for each dollar you spend. You can also opt for the Rewards Points option to get 1 point for every $1 spent as well as a 1,000-point bonus (or $10 cash back) when your company spends $1,000 or more in any monthly billing period.

In addition to earning cash back on regular spending, new cardholders can also qualify for a one-time cash bonus of $300 (cash back option) or 30,000 points (rewards option) after spending $3,000 within three months of account opening. The Business Platinum also has no additional card fee for up to 99 employees.

U.S. Bank Business Platinum: Longest 0 percent APR offer

  • 0 percent intro APR on purchases and balance transfers for 20 billing cycles, followed by a variable APR of 12.74 percent to 21.74 percent
  • 3 percent balance transfer fee (minimum $5)
  • No annual fee

The U.S. Bank Business Platinum doesn’t offer any rewards, but it does have a notably lengthy promotional APR period for a business card. You’ll have 20 billing cycles to pay off your transferred balance before the regular APR kicks in (12.74 percent to 21.74 percent, depending on your creditworthiness).

PNC Visa® Business Credit Card: Runner-up for balance transfer offer

  • 0 percent intro APR on balance transfers for 13 billing cycles for balances transferred within 90 days of account opening, followed by a variable APR of 9.99 percent to 19.99 percent.
  • 3 percent balance transfer fee (minimum $5)
  • No annual fee

The PNC Visa Business Credit Card is another business balance transfer card that doesn’t offer rewards, yet cardholders don’t have to pay an annual fee, either. PNC Bank offers quite a few features that can help you track your business spending, including online account management with spending reports. Business owners can even download transactions into Excel, Quicken or QuickBooks for accounting and expense tracking.

How do business balance transfers work?

Business balance transfers work similarly to balance transfers you make with a balance transfer credit card for consumers. If approved, you’ll get a specific credit limit, and you’ll get the option to use part or all of that limit for other debts you transfer to your new card. There’s usually a balance transfer fee of 3 percent to 5 percent added to the balance on your new credit card, so it’s important to factor that into your balance transfer calculations.

You should know that your personal credit will be considered when you apply for a business credit card and that any business debt you carry can affect your personal credit, as well. Not only can high balances be reported to the credit bureaus—causing your overall credit utilization to surge—but any delinquencies or late payments on your business credit card can affect your personal credit.

With these details in mind, business balance transfers work best for people who are serious about paying off their bills. While transferring balances among cards can temporarily impact your credit due to changes in utilization and hard inquiries on your credit report, paying off debt should ultimately improve your credit score in the long run.

When is transferring a balance a good idea?

Business balance transfer cards that offer an introductory 0 percent APR can help you save money when you consolidate debt, yet we all know these offers won’t last forever. To get ahead with a balance transfer credit card, you should have a plan to pay your debt off during the introductory period.

Also, keep in mind that debt consolidation and rewards shouldn’t necessarily mix, mostly because credit card rewards can incentivize you to spend more, thus derailing your debt repayment efforts. If you want to transfer a balance solely to pay off debt, you’re probably better off with a business credit card that doesn’t offer any rewards.

Business balance transfer credit cards FAQ’s

Balance transfer credit cards for businesses work similarly to personal balance transfer credit cards, yet there are plenty of additional details to keep in mind.

The bottom line

If you’re hoping to consolidate debt and save money in the process, then a business credit card balance transfer is worth considering. The best business cards in this space offer an introductory 0 percent APR for 12 months or longer and other valuable perks, although you’ll pay an upfront balance transfer fee to take advantage of the low-interest period.

Also, remember that even the best small business balance transfer credit cards won’t help you out of debt unless you’re dedicated to paying as much as you can during your card’s introductory offer. Make sure you compare the options available right now and have a plan in place to pay down debt before you take the leap.

The information about the Wells Fargo Business Platinum Credit Card and PNC Visa® Business Credit Card has been collected independently by The card details have not been reviewed or approved by the card issuer.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
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