U.S Bank Business Edge™ Platinum

Bankrate Score
Learn about the Bankrate score

No sign-up bonus and no rewards sinks this card.

Advertiser Disclosure: This post contains references to products from one or more of our advertising partners.

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.

Review

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.

Advantages
  • This card comes with an introductory 0% APR offer on purchases and balance transfers for the first 12 billing cycles. After that it’s a variable 11.74% to 19.74%*.
  • This card is part of the Visa Savings edge program, which gives automatic discounts at select retailers including hotels, computer supplies, gas stations and mailing services.
  • Additional employee cards are free.
Disadvantages
  • You'll earn no rewards.
  • There's no sign-up bonus.
  • Balance transfers will be assessed a 3% fee.

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

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®
  • Earn a new cardmember bonus of $200 after you spend $1000 in net purchases on your card within the first 90 days of account opening.
  • 3% cash back on cellular, gas stations and office supply store net purchases
  • 1% cash back on other net purchases
  • No cap on total rewards and they never expire!
  • Plus, a 25% Annual Cash Rewards bonus, up to $250
  • No annual fee*
  • Net purchases are purchases minus credits and returns
Credit Needed

Excellent Credit

Regular APR

13.74%-24.74%* (Variable)

Annual Fee

$0*

Purchase Intro APR

0%* for 9 billing cycles on purchases*

Balance Transfers Intro APR

N/A

Business owners who spend big on mobile phone service, gas and office supplies can save big with unlimited 3% cash-back rewards on the U.S. Bank Business Edge Cash Rewards World Elite MasterCard. This is the only card we know of that offers high category rewards without a spending cap.

Ink Business Preferred℠ Credit Card
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

17.74% to 22.74%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

$95.

Balance Transfers Intro APR

The Ink Business Preferred Credit Card has one of the best sign-up bonuses of any small business card, worth well more than the annual fee. The ongoing perks are also excellent for tech and travel-heavy businesses.

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.

Ink Business Cash℠ Credit Card
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 14.99% to 20.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 14.99% to 20.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

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?

SimplyCash® Plus Business Credit Card from American Express
  • Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that your APR will be a variable rate, currently 13.99% - 20.99%
  • No annual fee
  • Reinvest in your business with automatic cash back in the form of a monthly statement credit. Plus take control by choosing the 3% category that best fits your business
  • Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases
  • With Expanded Buying Power you can spend beyond your credit limit* to make bigger purchases for your business plus earn cash back on those purchases too
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors
  • Terms apply
Credit Needed

Excellent Credit

Regular APR

13.99% - 20.99% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 15 months

Balance Transfers Intro APR

N/A

SimplyCash Plus Business Credit Card from American Express is among the very best business rewards credit cards on the market. In just about every respect — from rewards to the annual fee — this card stands tall among the elite business cards on the market.

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.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.