Going into business is already fraught with risk, and when you throw high-interest credit card debt into the mix, financial risks are height...

Best business balance transfer credit cards for 2022 #1




Going into business is already fraught with risk, and when you throw high-interest credit card debt into the mix, financial risks are heightened. Despite your best intentions as a business owner, your credit card balances can grow, causing interest to cut into much-needed cash flow.

Fortunately, there are financial tools like balance transfer credit cards that are designed specifically for businesses. These cards can help you consolidate high-interest debt, and as a bonus, many of them also have a 0 percent APR promotion for new purchases.

A business balance transfer card works like a regular credit card, but the main benefit is that there’s a limited-time, interest-free term for transferred balances or new purchases. After opening an account, you’ll typically have a short window of time to transfer any balances and you’ll almost always pay a balance transfer fee on any transfers made.


Typically, there are little-to-no credit card rewards or perks with these types of cards since your “net gain” will be more along the lines of interest savings.


If you’re a business owner looking for a business credit card that makes it easier to consolidate and pay off credit card debt, here are some of the best cards in this niche and how they compare to one another, along with tips for choosing a card.


Wells Fargo Business Platinum Credit Card*: Best for rewards flexibility 0 percent intro APR on purchases and balance transfers for nine months, then a variable APR between Prime + 7.99 percent and Prime + 17.99 percent

4 percent balance transfer fee (minimum $10)

In addition to saving on interest charges for a transferred balance, the Wells Fargo Business Platinum Credit Card lets you choose which type of rewards you want to earn on your spending going forward — cash back or points. With the cash back option, you’ll earn 1.5 percent cash back for each dollar you spend. As for Rewards Points, you’ll earn 1X points for every dollar 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.
Besides earning cash back on regular spending, new cardholders can also qualify for a welcome bonus of $300 or 30,000 points (depending on the rewards program chosen) after spending $3,000 within three months of account opening. The Wells Fargo Business Platinum also has no annual fee and no additional card fee for up to 99 employees.

U.S. Bank Triple Cash Rewards Visa Business Card*: Best for cash back potential
0 percent intro APR on purchases and balance transfers for 15 billing cycles, then a variable APR of 16.99 percent to 25.99 percent

3 percent balance transfer fee (minimum $5)
The U.S. Bank Triple Cash Rewards Visa® Business Card is a great business balance transfer option for those looking to improve their cash back game. Not only does the card come with a zero-interest period on purchases and balance transfers for 15 billing cycles (then a variable APR of 16.99 percent to 25.99 percent), but you can also earn substantial cash back. You’ll earn 5 percent cash back on prepaid hotels and car rentals booked directly through the U.S. Bank Travel Rewards Center; 3 percent cash back on eligible purchases at gas and EV charging stations, office supply stores, cellphone service providers and restaurants; and 1 percent cash back on all other purchases.