5 Best Business Credit Cards for Balance Transfer 2021

We evaluated balance transfer fees, APR, promotions, and more to find the best balance transfer cards for your business.
Best overall
US Bank
U.S. Bank Business Cash Rewards World Elite Mastercard
$0.00 annual fee
  • Icon Pros  Dark
    Mastercard
  • Icon Pros  Dark
    Cash back rewards
  • Icon Pros  Dark
    0% starting APR
Best ongoing APR
Wells Fargo
Wells Fargo Platinum Credit Card
$0.00 annual fee
  • Icon Pros  Dark
    Visa
  • Icon Pros  Dark
    Cash or points rewards
  • Icon Pros  Dark
    0% starting APR
Best intro APR
US Bank
U.S. Bank Business Platinum Card
$0.00 annual fee
  • Icon Pros  Dark
    Visa
  • Icon Pros  Dark
    No rewards
  • Icon Pros  Dark
    0% starting APR
Lowest balance transfer fees
Capital One
Spark Cash Select/Spark Miles Select from Capital One
$0.00 annual fee
  • Icon Pros  Dark
    Capital One
  • Icon Pros  Dark
    Cash or points rewards
  • Icon Pros  Dark
    13.99% starting APR

A balance transfer credit card can save you lots of money. That’s because a business credit card balance transfer lets you take existing debt (usually from a high-interest card) and transfer it to a new account (usually with a low-interest card). That way, you can repay your debt at a lower interest rate.

But a business credit card balance transfer will only save you money if you pick the right card. You don’t want to go from one expensive card to another, after all.

That’s why we compared transfer fees, transfer APR, and more to find the best cards for all your business balance transfer needs―and your everyday credit needs too.

The best balance transfer credit cards for business

Compare the best business credit cards for balance transfer

Credit card
Balance transfer fee
Min./max. balance transfer APR
Promotional balance transfer APR
Get a card
U.S. Bank Business Cash Rewards World Elite Mastercard$5 or 3%13.99%/22.99%0% for 12 cycles
Wells Fargo Platinum Credit Card$10 or 4%Prime + 20.74%0% for 9 cycles
U.S. Bank Business Platinum Card$5 or 3%11.99%/20.99%0% for 15 cycles
Capital One Spark Cash SelectNone13.99%/23.99%N/A
Capital One Spark Miles SelectNone13.99%/23.99%N/A

Data effective 4/20/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Choosing a balance transfer credit card

When you choose a balance transfer card (whether it’s a business credit card or personal credit card), you want to make sure you’re choosing a card that makes it easier to pay off your credit card debt.

That means you should look for a low APR (annual percentage rate) on your new balance transfer card. Otherwise, you may end up shuffling your debt around without making much of a dent in it.

Fortunately, good balance transfer cards offer low rates, with many even offering 0% interest for a certain time after your account opening. That gives you an opportunity to pay off your debt without worrying about new interest charges.

Interest aside, you also want to look at balance transfer fees. Most cards come with a balance transfer fee that’s either a flat dollar amount or a percentage of your transferred debt―whichever is higher. So if you’re transferring a lot of debt, you may end up paying a surprising amount in transfer fees if you’re not careful.

Of course, we also recommend looking for a small-business credit card that works for more than just balance transfers. You may want to look for a card that offers robust rewards (like cash back or miles), a low purchase APR, free employee cards, and other perks that help your business.

U.S. Bank Business Cash Rewards World Elite Mastercard: Best overall balance transfer credit card

US Bank
U.S. Bank Business Cash Rewards World Elite Mastercard
  • $0.00 annual fee
  • Check
    0% purchase APR for 12 cycles
  • Check
    1–3% cash back rewards
  • Check
    $500 bonus cash back after spending $3,000 in 3 mos.

Meet our favorite balance transfer credit card: the U.S. Bank Business Cash Rewards World Elite Mastercard.

While it may have an overly complicated name, this card offers simple benefits that make it a clear standout.

It all starts with the promotional balance transfer APR, which gives you one year of 0% APR on your transferred credit card balance. That’s not quite the longest introductory APR period we’ve seen (you’ll want U.S. Bank’s other card for that), but it still gives you plenty of time to pay off your debt before worrying about interest charges. After that, you get a competitive (though not amazing) balance transfer APR range.

Even setting aside its balance transfer offer, the World Elite Mastercard offers a great credit card experience. It earns cash back rewards on all your purchases, with a reward rate between 1% (on most purchases) and 3% (on gas, office supply, and cell phone expenses).

And if you spend $3,000 in your first three months, you get a sizable $500 bonus reward. Plus, you get an annual cash back bonus of up to $250. In other words, you have plenty of opportunities to get rewarded for your business purchases. Not bad for a card with no annual fee.

Put simply, the U.S. Bank Business Cash Rewards World Elite Mastercard has great perks for balance transfers and everyday use alike―making it our pick for the best small-business credit card for balance transfers.

Pros
Pro Bullet 12-month promotional APR
Pro Bullet Cash back rewards
Pro Bullet Above-average welcome bonus
Cons
Con Bullet Lower reward rate on most purchases

Wells Fargo Business Platinum Credit Card: Best ongoing APR

Wells Fargo
Wells Fargo Business Platinum Credit Card
  • $0.00 annual fee
  • Check
    0% purchase APR for 9 cycles
  • Check
    1–1.5% cash back or 1–1.5x points
  • Check
    $300 bonus cash back or 30,000 bonus points after spending $3,000 in 3 mos.

You don’t want to make a business credit card balance transfer only to rack up debt on your new credit card―which is why the low ongoing APR on the Wells Fargo Business Platinum Credit Card comes in handy.

This card from Wells Fargo offers the lowest ongoing purchase APR of any credit card on this list. Its interest rates start at the Prime rate plus 7.99%―or 11.24% as of this writing. That makes the Platinum Credit Card an affordable option for your regular purchases. And that low interest rate only kicks in after an introductory APR period that gives you 0% on both balance transfers and new purchases.

Keep in mind, though, that the Business Platinum Credit Card may not be your best bet for later balance transfers. It comes with higher than average balance transfer fees, and balance transfers after your introductory APR period will get assigned a surprisingly high rate for an otherwise affordable card. In other words, this card works best for balance transfers immediately after your account opening.

Even so, the Wells Fargo Business Platinum Credit Card can work well for balance transfers―and even better for an affordable interest rate on your new purchases.

Pros
Pro Bullet Very low starting purchase APR
Pro Bullet 9-month promotional balance transfer APR
Pro Bullet Choice of reward types
Cons
Con Bullet Above-average balance transfer fees
Con Bullet High ongoing balance transfer APR

U.S. Bank Business Platinum Card: Best intro APR for balance transfers

US Bank
U.S. Bank Business Platinum Card
  • $0.00 annual fee
  • Check
    0% purchase APR for 15 cycles
  • Check
    No rewards
  • Check
    No new cardmember offers

Want the lowest possible interest rate for your balance transfer card? Check out the Business Platinum Card from U.S. Bank.

This card gets you the longest possible introductory APR, with a balance transfer offer of 0% for 15 billing cycles. That’s more than a year with no interest on your transferred credit card balance. And even when you enter billing cycle 16, you’ll get a great rate on future debt transfers, with interest charges starting under 12%.

The tradeoff? The U.S. Bank Business Platinum Card doesn’t earn any rewards―no cash back, bonus points, or travel rewards. Likewise, you don’t get a promotional offer for spending a certain amount after your account opening. So while you get an affordable balance transfer card, you don’t get to reap all the benefits of a rewards card―a pretty big downside for a business credit card.

Still, the U.S. Bank Business Platinum Card offers the best APR we’ve found on balance transfers―which may be worth the lack of rewards.

Pros
Pro Bullet Longest promotional APR period
Pro Bullet Low regular balance transfer APR
Cons
Con Bullet No way to earn rewards
Con Bullet No bonus offers for new cardmembers

Spark Cash Select/Spark Miles Select from Capital One: Lowest balance transfer fees

Capital One
Spark Cash Select/Spark Miles Select from Capital One
  • $0.00 annual fee
  • Check
    0% purchase APR for 9 cycles
  • Check
    1.5% cash back or 1.5x miles
  • Check
    $200 bonus cash back or 20,000 bonus miles after spending $3,000 in 3 mos.

Want your balance transfer transaction to be as cheap as possible? Get a balance transfer card with no transfer fee―like the Spark Cash Select or Spark Miles Select cards from Capital One.

All the other cards on this list charge transfer fees when you initiate a balance transfer. Since those fees are usually a percentage of the transferred credit card balance, they can add up really fast. But the Spark Cash Select and Spark Miles Select cards (which are the same, aside from earning cash rewards and travel rewards, respectively) don’t charge any transfer fee. So you can transfer your whole credit card balance for free.

Unfortunately, things get more expensive from there. Spark Cash Select and Spark Miles Select don’t offer any promotional interest rate on balance transfers, so you’ll start paying interest charges on your debt right away. But depending on your transfer amount and how quickly you plan to pay off your credit card debt, the lack of transfer fees may still make these Capital One cards the most affordable choice. You’ll have to do the math for yourself.

Simply put, Spark Cash Select and Spark Miles Select may not give you affordable rates, but their lack of transfer fees make them worth considering for your balance transfer card needs.

Pros
Pro Bullet No balance transfer fees
Pro Bullet Cash back and points rewards options
Cons
Con Bullet No promotional APR for balance transfers
Con Bullet High maximum balance transfer APR

An alternative for bad credit: Spark Classic

Capital One
Spark Classic
  • $0.00 annual fee
  • Check
    No promotional purchase APR
  • Check
    1% cash back rewards
  • Check
    No new cardmember offers

If you like the idea of no balance transfer fees but you’re worried about credit approval, you can go with a different Capital One card: Spark Classic.

The Spark Classic card doesn’t charge any balance transfer fee (or annual fee or employee card fee, for that matter). So like the Spark Cash Select or Spark Miles Select, it can make your balance transfer transaction cheaper. But the Spark Classic was designed for businesses with poor credit history (or no credit history). So it’s easier to qualify for than other cards on this list.

Unfortunately, that also makes it more expensive. The Spark Classic has a starting APR of 26.99%―higher than the maximum APR of many cards. So if you don’t plan to repay your credit card balance ASAP, you’ll probably end up deeper in debt.

That means we don’t recommend the Spark Classic for most balance transfer needs. But if you need easy credit approval and you can repay your transferred debt quickly (especially if you don’t have to pay a transfer fee), the Spark Classic might work for you.

Grow your business today

Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

Alternative business credit card options

Credit card
Balance transfer fee
Min./max. balance transfer APR
Promotional balance transfer APR
Get a card
Chase Ink Business Cash$5 or 5%13.24%/19.24%N/A
Chase Ink Business Unlimited$5 or 5%13.24%/19.24%N/A
Blue Business Cash Card from American Express$5 or 3%13.24%/19.24%N/A
Blue Business Plus Credit Card$5 or 3%13.24%/19.24%N/A
Chase Ink Business Preferred$5 or 5%15.99%/20.99%N/A
U.S. Bank Business Leverage Visa Signature Card$5 or 5%15.99%/20.99%N/A

Data effective 4/20/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Balance transfer credit card FAQ

Can you balance transfer a business credit card?

Yes, you can transfer a credit card balance from one business card to another. Not every business credit card allows for balance transfers, though, so you’ll need to make sure you pick one that does (like our recommended cards above).

Do balance transfers hurt your credit score?

A balance transfer can potentially hurt your credit score, at least for a while.

That’s because your credit score is based on factors like the age of your accounts, so a new credit card will temporarily ding your credit. Likewise, hard credit inquiries can hurt your credit score―and you’ll definitely get a hard credit check when you apply for a credit card.

That said, a balance transfer could help your credit score in the long run. If a new credit card offers a much lower interest rate than your old card, you’ll be able to pay off your debt sooner―and that can lead to an improved credit score.

So while a balance transfer can hurt your credit score, it may be worth taking the hit if it lets you repay your credit card debt.

What is the best credit card for small-business owners?

We think Chase Ink Business Cash is the best credit card for most small-business owners. It mostly comes down to its high earning potential, competitive rates, and low fees.

For more on why we like Ink Business Cash, check out our rankings of the best small-business credit cards.

Which bank offers the best business credit card?

Chase Bank offers our favorite business credit card, the Ink Business Cash card. Plus, it offers some of our runner-up business credit cards, like Ink Business Unlimited and Ink Business Preferred.

They all offer excellent rewards programs for business owners, plus competitive interest rates.

The takeaway

For most businesses, U.S. Bank is the best card issuer for balance transfers. Its Business Cash Rewards World Elite Mastercard offers a great promotional APR on balance transfers and has a strong rewards program, making it a great card for balance transfers and future business expenses.

And speaking of future business expenses, the Wells Fargo Platinum Credit Card offers the best ongoing purchase APR, so it can work for balance transfers and everyday spending. But if you’re mostly interested in balance transfers, the U.S. Bank Business Platinum Card offers the best APR on balance transfers―both during its long introductory period and after. Or, if you just want to save on balance transfer fees rather than APR, you can go with the Spark Cash Select or Spark Miles Select―neither of which charge balance transfer fees.

Whatever card you go with, we hope your balance transfer makes your debt more manageable.

Not sure if a balance transfer is the right move for your business? Learn more about when debt consolidation works―and doesn’t―in our guide to refinancing business loans.

Methodology

We created our ratings and rankings by comparing account offerings, bank account fees, and the availability of other banking services at online-only or online-mostly banks that offer business banking. We also took some other factors into account, like customer support hours and access, standout features, and customer reviews.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
Recent Articles
The 9 Best Virtual and Outsourced Accounting Services for Small Businesses in 2021
We considered bookkeeping features, payroll and tax add-ons, integrations and software, and price to bring...
A white woman with brown hair sits at a desk, typing on a white laptop
What Is a Performance Management System?
If you’re looking to invest in your staffers over the long-term, then performance management software...
businessman considering term loans
Forward Financing Review 2021: Confusing Cash Advances
Forward Financing offers just cash advances, one of our least favorite types of financing―but its...
Best Resource Management Software 2021
Most small businesses score with resource management software that slashes wasteful expenses while propelling productivity...