U.S Bank Business Edge™ Platinum
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The plain-vanilla card Business Edge Platinum Card offered by U.S. Bank is about as stripped down as it gets. There’s no annual fee and also no rewards. What is does offer is the Visa Savings Edge program, which gives discounts ranging typically from 1% to 5% at select merchants.
It’s challenging to find a reason to pick the Business Edge Platinum card over one of U.S. Bank’s three other business cards: U.S. Bank Business Edge Cash Rewards World Elite MasterCard, U.S. Bank FlexPerks Business Edge Travel Rewards Card and the U.S. Bank Business Edge Select Rewards Card. All three have more to offer.
Each of the four cards offers a discount on select retailers through the Visa Savings Edge Program — a direct competitor to American Express’ much-hyped OPEN Savings Program. Visa’s program has a much wider range of retailers, compared to the OPEN program, but how much of an advantage it is comes down to the merchants you typically use. If you spend big on hotels, MailChimp or gas stations, for example, then this program might be better for you than the OPEN program, which only offers discounts on four retailers: FedEx, Hertz, 1-800-Flowers and HP.
But unlike the Business Edge Platinum Card, the other U.S. Bank Business cards all offer rewards on spending — ranging from 1 to 3 points in various categories.
The only thing the Business Edge Platinum has that the other cards don’t is a slightly longer 0% APR offer on purchases and balance transfers and the opportunity to qualify for a slightly lower APR.
This doesn’t even take into account the advantages other small business cards may have over the Business Edge Platinum Card, like sign-up bonuses, no foreign transaction fees and higher rewards rates.
We judge this card pretty harshly, but only because it doesn’t stand up to most business credit cards on the market today. Business owners with good credit have come to expect a card that offers a good combination of APR and rewards/sign-up bonus. This card isn’t it.
Who should own this card
Someone who spends a lot at one of the discounted merchant categories and would like a one-year break on interest charges may benefit from this card.
Fees and APR
- Enjoy 0% APR for the first 12 billing cycles on purchases and balance transfers.
- After the intro period expires, your regular APR will be a variable 11.74% to 19.74%.
- You’ll pay a 3% fee (or $5 minimum) on balance transfers.
- You’ll be charged a 3% foreign transaction fee on all purchases made outside the U.S.
- If you pay late or miss a payment, you may be subject to a variable 29.9% penalty APR, which will apply for a minimum of six months, plus a late payment fee of up to $39.
Extras and perks
The card offers online access to a breakdown of your spending by category.
You may enroll in Visa Savings Edge discounts, which offers savings at dozens of partners, including hotels, rental cars, dining and technology services.
There are no points or rewards with this card.
How this card compares
Of course, this card is only a great choice if your spending habits align with the rewards categories of this card. If most of your spending is on office supplies or gas, for example, you may be better off with a different card.
If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Business Cash Credit Card is like a small rectangular mentor. The no-fee card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers. Who couldn’t use a little breathing room when launching a new venture?
The only reasons to shy away from this card would be if your work requires significant overseas travel or if your biggest expenses don’t match up with the bigger cash-back savings categories.