 TITLE: How Do Business Credit Card Balance Transfers Work? CONTENT: What Are the Benefits of Using a Business Balance Transfer Credit Card?\n-----------------------------------------------------------------------\nUsing a balance transfer card can benefit your business in several ways.\n*   **Less interest**: Transferring your balance to a business credit card with a lower APR can reduce the total amount of interest you pay. This frees up money you can use for other business needs or to pay off existing debt.\n*   **Greater convenience**: If you're carrying balances on multiple high-interest business credit cards, transferring all of the balances onto one balance transfer card helps consolidate your debt. This can make it easier to keep track of payment due dates and avoid missing a payment, which could hurt your credit score.\n*   **Lower credit utilization**: A balance transfer could lower your credit utilization rate, or the amount of debt you use compared with your available credit. A credit utilization ratio of more than 30% can negatively affect your credit score. Using our earlier example, if the card with a $10,000 balance has a credit limit of $20,000, your credit utilization rate on that card is 50%. Moving the debt to a balance transfer card with a $40,000 credit limit would reduce your credit utilization ratio on the first card to 0%, and the new card would have a credit utilization ratio of 25%. This could improve your credit score.\n*   **More available credit**: Getting a new business credit card increases the total amount of credit available to your business. This can offer the flexibility you need to cover unexpected business expenses or take advantage of opportunities quickly without having to apply for a business loan or line of credit. END