How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
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American Express Disclosure

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U.S. Bank Business Platinum Card Review

Updated on:
Content was accurate at the time of publication.
LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.5
U.S. Bank Business Platinum Card
Annual Fee
$0
Intro APRs
0% intro APR on purchases for 18 billing cycles & N/A
Ongoing APR
17.49% to 26.49%
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the U.S. Bank Business Platinum Card best for?

The U.S. Bank Business Platinum Card offers almost two years of no interest for a $0 annual fee, making it ideal if you’re a business owner looking for a long 0% intro APR on purchases and balance transfers.

If you need to finance a large purchase over time and are confident that the bulk of the cost can be repaid within the intro period, then you can avoid taking out a personal loan and the associated interest charges if you decide to apply for the U.S. Bank Business Platinum Card.

Or, if you are currently carrying high-interest debt that you’d like pay down more quickly by avoiding interest charges, the generous intro balance transfer promotion on the U.S. Bank Business Platinum Card can help you do that, too.

Just know that the U.S. Bank Business Platinum Card doesn’t offer a rewards program, but with its reasonable ongoing APR of 17.49% to 26.49%, it may be the perfect fit your business.

U.S. Bank Business Platinum Card overview

    • Limited time offer: 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.49% to 26.49%.
    • U.S. Bank Business Platinum Card
    • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
    • Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
    • Great Offer from U.S. Bank, a 2024 World's Most Ethical Company® - Ethisphere Institute
    • Terms and conditions apply
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 660 720 850
    Good / Excellent
  • Use with Apple Pay, Google Pay or Samsung Pay
  • Set card controls to manage employee card spending
  • Zero fraud liability
  • Expense management through Visa Spend Clarity

Intro Purchase APR

0% intro APR on purchases for 18 billing cycles

Regular Purchase APR

17.49% to 26.49%

Intro BT APR

N/A

Regular BT APR

17.49% to 26.49%

Annual Fee

$0

Cash Advance Fee

Either 5% of the amount of each advance or $10 minimum, whichever is greater.

Foreign Transaction Fee

3% on each foreign transaction

Balance Transfer Fee

Either 3% of the amount of each transfer or $5 minimum, whichever is greater

Pros and cons

Pros

  • Long intro APR on purchases and balance transfers
  • Reasonable ongoing APR
  • $0 annual fee

Cons

  • No rewards program
  • Limited benefits
  • Foreign transaction fee

What we like about the U.S. Bank Business Platinum Card

  • Generous intro APR on purchases and balance transfers

    The U.S. Bank Business Platinum Card offers a very generous N/A; after, a 17.49% to 26.49% APR applies. The card’s balance transfer fee is Either 3% of the amount of each transfer or $5 minimum, whichever is greater.

    There’s also a lengthy 0% intro APR on purchases for 18 billing cycles, after which a 17.49% to 26.49% APR applies.

  • Annual fee

    When trying to save money on interest charges, it’s nice to know that the U.S. Bank Business Platinum Card also comes with a $0 annual fee.

  • Low ongoing APR

    Once you’ve taken advantage of the intro APR periods, know that you won’t be stuck with a high ongoing APR after the promotional APR expires. The U.S. Bank Business Platinum Card comes with a very reasonable APR of 17.49% to 26.49%.

What to watch out for with the U.S. Bank Business Platinum Card

  • No rewards program

    The U.S. Bank Business Platinum Card doesn’t offer a rewards program — but when your goal is to escape from interest charges for a time, it’s best to focus on paying off your balance in full within the promotional period rather than racking up rewards.

    However, know that there are other business cards that may have offer more ongoing value with generous rewards programs, but typically offer shorter intro APR periods.

  • Limited benefits

    If you’re looking for a business card that offers a slew of benefits, such as extended warranty, car rental insurance, travel benefits or cellphone insurance, know that the U.S. Bank Business Platinum Card does not offer these.

  • Foreign transaction fees

    In addition to offering limited benefits, the U.S. Bank Business Platinum Card is a card you’ll want to leave at home when traveling abroad as it assesses a fee of 3% on each foreign transaction.

Alternate business card

Compare it to the U.S. Bank Triple Cash Rewards Visa® Business Card

| Disclosures
U.S. Bank Triple Cash Rewards Visa® Business Card*
U.S. Bank Triple Cash Rewards Visa® Business Card
0% intro APR for 12 billing cycles on purchases
18.49% to 27.49% variable
$0
Earn 3% cash back on eligible purchases at gas stations and EV
  • Earn $750 in cash back. Just spend $6,000 on the Account Owner's card in the first 180 days of opening your account.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
  • No limit on total cash back earned.
  • Rewards never expire.
  • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
  • 0% Intro APR on purchases for 12 billing cycles. After that, a variable APR currently 18.99% - 27.99%. 
  • No annual fee.
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Terms and conditions apply
660 720 850
Good / Excellent
*The information related to the U.S. Bank Triple Cash Rewards Visa® Business Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you’re a business owner looking for a reasonable intro APR period on purchases and balance transfers that also offers strong ongoing value after the intro periods end, the U.S. Bank Triple Cash Rewards Visa® Business Card could be a good fit instead.

The card offers cash back rewards in popular business spending categories: Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center. No limit on total cash back earned.

This $0 annual fee card also offers a sign-up bonus: Earn $750 in cash back — just spend $6,000 on the Account Owner's card in the first 180 days of opening your account.

The U.S. Bank Triple Cash Rewards Visa® Business Card also comes with an APR of n/a, then a 18.49% to 27.49% variable APR applies. The card charges a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater.

In addition, cardholders receive a 0% intro APR for 12 billing cycles on purchases, then a 18.49% to 27.49% variable APR applies.

Is the U.S. Bank Business Platinum Card right for you?

Given its generous intro APR promotions for purchases and balance transfers, the U.S. Bank Business Platinum Card would be a great choice if your business is looking specifically for a card to help you avoid interest charges to either finance a large purchase or move high-interest debt via a balance transfer.

The intro offers are hard to beat when compared to competing business credit cards.

However, other than its intro APR deals, the U.S. Bank Business Platinum Card is a no-frills card with not much to offer in terms of ongoing value after the intro APR promotions expire. There is no rewards program, no sign-up bonus and very limited benefits for cardholders.

Check out our list of the best business rewards cards as well as our list of best business balance transfer cards before you apply.

The information related to the U.S. Bank Business Platinum Card, U.S. Bank Triple Cash Rewards Visa® Business Card and PNC Visa® Business Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.