Credit Suite Blog

Get current information on getting credit and loans to grow your business

CLICK HERE TO LEARN MORE

Balance Transfer Business Credit Card

Published By Janet Gershen-Siegel at June 2nd, 2018

A Balance Transfer Business Credit Card Is Within Your Reach

Written by Janet Gershen-Siegel

Do you need a balance transfer business credit card? For that and any other sort of reward, we’ve got you covered.

According to the SBA, corporate credit card limits are 10 – 100 times those of personal cards! This means you can get a lot more cash with business credit. And it also means you can have personal charge cards at shops, and now have an alternate card at the same shops for your small business. And you won’t have to put up collateral, cash flow, or financial information in order to get company credit.

Card Features

Features vary, so make sure to select the reward you prefer from this array of possibilities, in the event that a better reward works for you.

Low APR and Balance Transfers Business Credit Card Options

For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee.

After that, the purchase APR is a variable 10.49% – 18.49%, which depends upon creditworthiness. There is no yearly fee.

Hence this card is just offered to people with great or outstanding credit. Unfortunately, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do

Balance Transfer Business Credit Card from American Express

Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. There is no annual fee. Right now corporations can earn double points on the first $50,000 in purchases per year.

Get it here: https://creditcard.americanexpress.com/blue/

There are other types of cards than a balance transfer business credit card, and other rewards may be better for you.

Corporate Credit Cards with 0% APR

For a 0% APR time frame, we like the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free time period. It has flexible cash-back rewards. There are spending limits for your employees. You will need to have a credit score of 690 or higher.

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash

0% Introductory APR Credit Card from American Express

For an introductory 0% APR period, we also go for the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn twice the points on daily business expenses up to a yearly cap. The standard APR is 12.24% – 20.24% (variable).

Get it here: https://creditcard.americanexpress.com/blue/

Corporate Credit Cards for Fair Credit

For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will need a credit score of 690 or higher. KEEP IN MIND: the standard APR is 23.99% variable APR.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Small Business Credit Cards for Travel Points

For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases on your new card within your first three months.

Terms and limitations apply. In addition earn a $50 statement credit after you make a Delta purchase with your brand new card during your first 3 months. Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile on each eligible dollar spent on purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279

American Express Business Credit Card for Travel Points

Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:

  • Priority Pass Select
  • Delta SkyClubs
  • American Express Centurion Lounges

You also get Gold Status when you sign up for the Starwood Preferred Guest program. In addition, there is also a $200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. You get one point per dollar spent on the majority of purchases.

Also, you get 1.5 times the points on charges of $5,000 or more on qualifying purchases, up to one million added points each year. You get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel site.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Chase Business Credit Card for Travel Rewards

Also, be sure to have a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points after you spend $5,000 on purchases within your first three months from account opening. Earn three points for each dollar on the first $150,000. However, it must be spent in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines each account anniversary year.

Also earn one point per dollar on all of the other purchases. There is no restriction to the amount you can earn.

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred

Credit Builder Small business Credit Cards

Have a look at the Wells Fargo Business Secured Credit Card, since it lets cardholders get a credit limit of $500 – $25,000. However, the amount available corresponds to the amount of cash you offer to secure the line. Your purchase APR rate can be as low as a variable 13.15%. The yearly fee is $25. The more cards you have, then the higher your annual fee will be.

This card lets company owners with bad personal credit get a card to make purchases and create business credit. The card will only report to the personal credit bureaus if you default or are overdue on payments.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Cards for Cash Back

Consider the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Earn a $200 statement credit after spending $5,000. In addition you get 5% cash back at US office supply stores and on wireless phone services purchased directly from US service providers (this applies to the first $50,000 of yearly spending).

You also get 3% cash back on spending category of your choice, from eight distinct categories, such as airfare, gas, advertising and computer purchases (applies to first $50,000 of yearly spending). Additionally you get 1% cash back on all other purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Bank of America MasterCard for Cash Back

Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. Because with it, you can get a $200 statement credit after $500 in purchases within 60 days of account opening. You also get 3% cash back on purchases at gas stations and office supply stores (as much as $250,000 yearly).

And you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. Also, there is no annual fee. However, it is available to applicants with exceptional credit. Also, your cash back can only be redeemed in $25 increments.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/

Capitol One Spark Cash Select for Cash Back

Furthermore, take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without any limits. New cardholders can also get a $200 cash bonus once they spend $3,000 on new purchases during the first three months of account opening.

New customers also get introductory APR of 0% on purchases for nine months. There is no yearly fee.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

Cards for Rewards

Consider the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points after $5,000 in purchases on the card during first three months. You get three points on your choice of five categories. Also, two times the points on the remaining categories, and one point per dollar on all other purchases.

It has a $0 yearly fee for the first year, then afterwards your yearly fee increases to $175.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards

American Express Card for Rewards

Also, check out the Business Platinum ® Card from American Express OPEN. You can get as many as 75,000 Membership Rewards points upon account opening. You can also earn 50,000 Membership Rewards points subsequent to spending $10,000 and an extra 25,000 points after spending an additional $10,000 all on qualified purchases in the first three months.

Also you can get five times the Membership Rewards points on flights and pre-paid hotels on amextravel.com. However, keep in mind, it has a $450 annual fee.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Your Best Balance Transfer Business Credit Cards

So your very best balance transfer business credit card hinges on your credit history and scores. Just you can make a decision on which perks you want and need. So make sure to do your due diligence. And, as always, make sure to build credit in the recommended order for the highest, fastest benefits. Check out how this will help your company get business credit cards.

Leave a Reply

Your email address will not be published. Required fields are marked *