Transferring Balanced from Personal to Business Cards?

I run a couple of small business and have traditionally used personal credit cards for the expenses. I would like to get my utilization down on my personal cards so I can increase my score and refi a couple of cars at lower rates. Is there anything wrong with transferring debt from my personal cards to my business cards (where utilization doesn't matter)?





Conversely, if after the score raise I increase my personal credit lines, can I transfer the balances back over from my business to take advantage of 0% offers?

Transferring Balanced from Personal to Business Cards?
Eliminating high interest credit cards by transferring to a card with a lower rate can help you save a great deal of money, allowing you to regain control of your finances. However, it is important that you understand all of the terms and conditions of your new credit card before committing enrollment. You want to make certain that the card offer is fair and that you are truly going to benefit from it. Featured are tips that will help you choose and use the right credit card for transferring balances.





Pre-determining interest rates





Most balance transfer offers are good for only the first 6-9 months of enrollment. At the conclusion of the introductory rate, the card will convert to a more standard rate, typically between 14-20%. It is important that you determine what the interest rate is going to be once the intro rate is over. If you are not sure what interest rate the card is going to be charging at the conclusion of the intro offer, call the issuer and find out. Read more about it at: http://www.credit-card-gallery.com/artic...