U.S. Bank Business Platinum Card
Pay over time APR
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Pay over time APR
The plain-vanilla card Business Platinum Card offered by U.S. Bank is about as stripped down as it gets. There’s no annual fee and also no rewards.
This card comes with an introductory 0% APR offer on purchases and balance transfers for the first 18 billing cycles. After that it’s a variable 16.99% to 25.99% .
Additional employee cards are free.
You’ll earn no rewards.
There’s no sign-up bonus.
Balance transfers will be assessed a 3% fee ($5 minimum).
It’s challenging to find a reason to pick the Business Platinum card over one of U.S. Bank’s other business cards.
Each of the four cards offers a discount on select retailers through the Visa Savings Edge Program. Visa’s program has a wide range of retailers 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 right for you.
But unlike the Business Platinum Card, the other U.S. Bank Business cards all offer rewards on spending.
One thing that the Business Platinum has is a 0% APR intro offer on purchases and balance transfers for 18 billing cycles (16.99% to 25.99% variable APR after that). Other small business cards may have a slight edge over the Business Platinum Card, like sign-up bonuses, no foreign transaction fees and rewards rates but this generous and lengthy intro APR offer cannot be overlooked, especially for a business card.
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.
The card offers online access to a breakdown of your spending by category.
Offers ExtendPay™ allowing you to split up purchases of $100+ into equal monthly payments
There are no points or rewards with this card.
Someone who spends a lot at one of the discounted merchant categories and would like a long break on interest charges for purchases and balance transfers may benefit from this card.
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.