If you want to move existing business credit card debt onto a new card at a lower rate, it helps to know that business balance transfer deals are far less common in the UK than the personal ones you'll see advertised. Your options are limited, and the long 0% promotional periods familiar from personal cards are hard to find for businesses. 

This guide covers what a balance transfer business credit card is, how common they are, how a transfer works and what it costs, and the alternatives for managing a business card balance.

Note: this guide does not constitute financial advice or debt support. Business owners should do their own research before committing to a financial product.

What is a balance transfer business credit card?

A balance transfer moves existing credit card debt from one card to another, usually to take advantage of a lower or 0% interest rate for a set promotional period. A balance transfer business credit card would apply that idea to business borrowing: you'd shift an existing business card balance onto a new card and, for a time, pay less interest or none at all, so more of each repayment clears the debt itself.

How a balance transfer works (and the costs)

Where a balance transfer is available, the mechanics are broadly the same as on a personal card. 

• You apply for the new card, and once you're approved you request a transfer of the balance from your existing card. 

• The debt moves across, and you start repaying it on the new card's terms. 

The appeal is the interest saving during any promotional period. The catch is that a transfer is rarely free, and the sums don't always work in your favour.

Transfer fees and revised rates

Two costs decide whether a transfer is worth it. 

• The transfer fee, usually a percentage of the amount you move, is charged upfront. On a large balance, that can be a meaningful sum that eats into any saving. 

• The revised rate once any promotional period ends: the balance then reverts to the card's standard APR, which can be higher than you expect.

So a balance transfer only pays off if the fee plus the new rate genuinely leave you better off than staying put. It's worth doing the maths before you apply, and being honest about whether you can clear the balance within any interest-free window. Miss a payment or keep spending on the card, and the benefit can disappear quickly.

Alternatives for managing business card balances

If the real goal is to get on top of a business card balance, a balance transfer isn't the only route, and often isn't the most practical one.

• Clearing within an interest-free period: The simplest approach is to avoid carrying interest at all. Many business credit cards give you an interest-free period on purchases, so if you can clear the balance in full each month, you don't pay interest in the first place. 

• Alternative business finance: A small business loan, for example, gives you a lump sum with set monthly repayments over an agreed term, which some businesses find easier to plan around than open-ended card borrowing.

If your business is genuinely struggling with debt, it's worth getting proper support. This article is general information, not financial, debt or legal advice, and a qualified accountant or a free, impartial service such as Business Debtline can help.

How Funding Circle's card and FlexiPay can help

Funding Circle doesn't offer a balance transfer card, but two of its products are built around exactly what owners are usually trying to solve: avoiding unnecessary interest, and spreading the cost of business payments. Both are for UK limited companies, and only limited companies can apply without affecting their credit score.

• The Funding Circle Cashback business credit card gives you up to 42 days interest-free credit when you clear your balance in full each month, so you can avoid carrying interest, and it earns cashback on what you spend. It isn't a balance transfer product, but used this way it helps you keep card costs down rather than build them up. 

• FlexiPay from Funding Circle is a flexible credit line that lets you spread the cost of a business payment over 1 to 12 months for one flat fee from 1.99% per use. It's designed for new costs, such as a tax bill, stock or a supplier invoice, rather than for transferring an existing balance, but it can ease cash flow without draining your reserves

Figures and market details are correct as of July 2026. Product terms and rates change, so check the current details before you apply.

FAQs

Can you do a balance transfer on a business credit card?

Most UK business credit cards don't offer the long 0% promotional transfers you'll see on personal cards, so a like-for-like business balance transfer is hard to find. If moving existing debt is your priority, other funding options may serve you better.

Is a balance transfer worth it for a business?

Only if the transfer fee and the revised rate genuinely lower your overall cost, so it's worth doing the maths before you apply. Work out the upfront fee on the amount you'd move, and check what rate applies once any promotional period ends. It only pays off if you have a realistic plan to clear the balance within the interest-free window.

What are the alternatives?

Clearing your balance within a card's interest-free period avoids interest without moving debt at all. Beyond that, other business finance options, such as a fixed-rate business loan or a flexible credit line like FlexiPay, may suit better depending on what you're trying to do. If debt is becoming hard to manage, free impartial advice is available.

Disclaimer

03/08/26 – While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. All information is correct at time of publishing, and customers should do their own research before making financial decisions. If you have any questions, please speak to your professional adviser or seek independent legal advice.