Managing your finances is one of the most difficult parts of running a business. That’s why many business owners find themselves with credit card debt—potentially on one or multiple cards and at a high interest rate. If you’re in this situation, a business credit card balance transfer may help.
A balance transfer is a form of refinancing where you transfer the balance on one (or multiple) of your business credit cards to another, ideally at a lower APR. This makes it easier and more affordable to pay off your debt on that single card. The best business balance transfer cards offer features like:
- A lengthy 0% intro APR. Your best option for balance transfers, 0% APR cards let you transfer your existing balance to a new card and potentially pay it off interest-free.
- No balance transfer charges. Balance transfer cards with 0% APR are rare. If you can’t qualify for one, or would prefer different features overall, look for cards that don’t charge a fee to transfer balances.
This guide breaks down the best business credit cards for balance transfers—discussing their balance transfer offers, as well as other features including reward programs, annual fees, and welcome bonuses—so you’ll have everything you need to decide which card is right for you.