Discover Business Credit Card Balance Transfer

Business credit cards are an essential financial tool for any company.

Discover business credit card balance transfer. If you have a high balance on a store credit card with a 21 percent apr you may be able to transfer that debt to a credit card with a lower rate during the introductory period saving money on interest and possibly helping pay debt faster. Balance transfer fee of either 10 or 4 whichever is greater will apply on each balance transfer and credit card check. You would pay off your old balance of 3 000 and would incur a new balance of 3 000 plus 90 in balance transfer fees on your new 0 percent balance transfer credit card. A low rate balance transfer can save you money on interest.

Because of the 0 percent balance transfer offer you could pay off your new balance in 14 months and save over 400 in interest assuming that you make no additional purchases and make monthly payments of 221. You can withdraw your consent for future disclosures update your e mail address or request a paper copy of a disclosure by calling 1 888 discover 1 888 347 2683. Please note that if you do not agree to receive disclosures electronically you will not be able to apply for a discover it business card. To be approved for a discover business card you ll need to own 100 of a business older than one year and have significant responsibility for managing it.

Small business owners in particular will find that a business credit card can be a total game changer for the bottom line enabling savings on both office and personal expenses while earning rewards like cash back. Save money on interest. A balance transfer is when you pay off the balances on existing credit cards or loans by transferring them to another credit card account. There s no annual fee no foreign transaction fee and no penalty apr.