I hate it when I just plain forget to post things, which is I’m glad I did that survey 😉 One of the main reasons why I brought up the fact that anyone can apply for business credit cards is that you can take out 0% APR balance transfers (see my detailed posts on how I do this first) and because business accounts and balances don’t show up on your consumer credit report, it won’t dink your personal credit score. The only problem is that business credit card offers tend not to be as juicy as the best consumer card offers. Still, here are some of the better ones. Again, I’m looking for 0% APR for the longest time, applying to both purchases and balance transfers, no annual fees, and lowest balance transfer fees.

Advanta Platinum Rewards BusinessCard MasterCard – No annual fee, 0% APR fixed for 15 months on balance transfers, balance transfer fee of 3% (min $5, max $50). This probably the longest one I’ve seen. There is also a cashback program, but don’t use this when you have a balance transfer.

Chase Platinum Business Rebate Card – No annual fee, 0% APR fixed for 12 months on purchases and balance transfers, balance transfer fee of 3% (min $5, max $75). 3% Cash Back on for purchases at restaurants, gas stations, office supply stores, building supply stores, hardware and home improvement stores

Chase Business Cash Rewards Card – Similar to above; No annual fee, 0% APR fixed for 12 months on purchases and balance transfers, balance transfer fee of 3% (min $5, max $75). Somewhat confusing tiered cashback program up of to 5% back. May be worth it for big spenders.

CitiBusiness Card with ThankYou Network – No annual fee, 0% APR fixed for 12 months on purchases, see application for balance transfer fee detail. There is also a $100 Gift Card after you make $250 in purchases!

Update: The below promotion is now expired. The New Business Gold Rewards Card® from American Express OPEN now offers 3X points on airfare, 2X points on advertising, gas, and shipping and 1X point on everything else. The annual fee for this card is $175 but it is waived for all new cardholders. You can also get unlimited additional gold cards for an extra annual fee of $50 but this fee is waived for the first year as well.

Thanks to Aruna for pointing out in my Two $100 Business Credit Card Bonuses post that on top the $100 statement credit for the New Business Gold Rewards Card® from American Express OPEN, you can also get a boatload of Membership Rewards points during the first year. It starts at 5,000 free points for doing nothing, and goes all the way up to 100,000 points with enough spending. That’s 100,000 not just 10,000!

It’s a bit hidden – if you click on the ‘Learn More’ link on the application page, you’ll see the bonus points offer, which works out to:

5,000 free points for doing nothing.
10,000 free points total for spending $20,000 in the first year
30,000 free points total for spending $50,000
90,000 free points total for spending $60,000 ($5,000 avg x 12 mo)

(The last 10,000 points for the one-year card renewal, which you’ll be charged $125 for, so you’ll have to decide if it’s worth it. The first year’s annual fee is already waived.)

Membership Rewards points are similar to Citi ThankYou points, but you can also transfer them into frequent flyer miles with many programs like Delta and Southwest Airlines. You get 1 point per dollar spent on your AmEx card, although there are occasional ‘Double Mile’ promotions. Overall, I would value them at about 1 cent per point, as you can either go for airline miles or things like gift cards (10,000 points = $100 gift card at stores like Banana Republic or Home Depot). In the past, I used to transfer my points into Southwest Airlines credits, and then sell the flight vouchers on eBay to get more like 1.5 cents/mile.

At 1 cent/point x 5,000 points, you are getting $50 for doing nothing. So in essence with one purchase you get the $100 statement credit and $50 in points for $150 total.

If you can spend $60,000 in one year, things get interesting. You get 60,000 points directly for the spending, and then you get 90,000 bonus points, for a total of 150,000 points on $60,000 of spending. That works out to a healthy 2.5% cashback, again at 1 cent per point. On top of that you also still get the $100 statement credit.

Remember, anyone can apply for a business credit card!