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).

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
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

U.S. Bank Business Platinum Card Review: Is It Worth It?

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.

Key Takeaway

The U.S. Bank Business Platinum Card is a no-frills business credit card with a rare feature among business cards: a long intro offer on purchases and balance transfers.

Pros and cons

  • $0 annual fee
  • Long intro APR on purchases
  • Long intro APR on balance transfers
  • Reasonable ongoing APR
  • No rewards program or sign-up bonus
  • Limited benefits
  • Foreign transaction fee

Is the U.S. Bank Business Platinum Card a good card?

The U.S. Bank Business Platinum Card is one of the best business credit cards for financing a balance transfer or a new purchase. It offers business owners one thing that most business credit cards do not: an intro APR on balance transfers. The card also offers an identical offer on new purchases. Even better is that the intro period is 18 months, which gives you well over a year to pay down your balance.

As for the downsides of this $0 annual fee card, there is no sign-up bonus or rewards program, so the card is most valuable during the first year and a half after account opening. The ongoing APR is on the lower end, so you’ll save a bit on interest if you need to carry a balance from month to month.

Quick facts

    • 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
  • Zero fraud liability
  • Manage employee spending with card controls
  • 100% domestic 24/7 service
  • 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

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

  • Intro APR on purchases and balance transfers

    The U.S. Bank Business Platinum Card is our top pick for the best balance transfer credit card among the small business credit cards because it offers one of the longest intro APRs:

    • Cardholders enjoy a generous N/A, followed by an APR of 17.49% to 26.49%.
    • It features an equally long 0% intro APR on purchases for 18 billing cycles, followed by an APR of 17.49% to 26.49%.

    Note that there is a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater. However, this fee is a fairly standard fee for balance transfers. There are no-fee balance transfer cards but they’re hard to come by, and most are not business credit cards.

  • Low ongoing APR

    You never know when an emergency will hit or if you’ll get an amazing opportunity to make a significant purchase that helps your business. For times like these, it’s nice to have easily accessible credit. The low ongoing 17.49% to 26.49% APR means you will pay close to, or below, the average credit card APR of 24.71%.

    Business loans or business lines of credit are potentially lower-cost options but require sufficient lead time.

    Find more balance transfer cards

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

  • No sign-up bonus or rewards program

    The U.S. Bank Business Platinum Card lacks both a sign-up bonus and a rewards program, making it less valuable long-term. However, the card’s highlight is its intro APR offer. Paying no interest while getting out of debt or paying off a large purchase will save you far more than a 2% cash back rate.

    If you aren’t looking specifically for a card that offers an intro APR, consider another business credit card that offers more ongoing value.

  • Limited ongoing benefits

    Many business cards offer travel perks, extended warranties, car rental insurance or cellphone insurance, but the U.S. Bank Business Platinum Card does not. The benefits it does offer — mobile payments, card control, 24/7 fraud monitoring — are pretty standard across credit cards. While useful, they don’t bring additional value to the card.

  • Foreign transaction fees

    When your business activities require travel abroad, you should leave the U.S. Bank Business Platinum Card at home — it charges 3% on each foreign transaction of each foreign transaction.

U.S. Bank Business Platinum Card vs. Ink Business Unlimited® Credit Card

| Disclosures
Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card
apply-now-icon Apply Now
on Chase's secure site
0% Intro APR on Purchases for 12 months
18.49% - 24.49% Variable
$0
Earn unlimited 1.5% cash back on every purchase made for your business
  • Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
  • Round-the-clock monitoring for unusual credit card purchases
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • 0% introductory APR for 12 months on purchases
  • Member FDIC
660 720 850
Good / Excellent

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.

While it doesn’t have a balance transfer offer, the Ink Business Unlimited® Credit Card does give cardholders a 0% Intro APR on Purchases for 12 months, followed by an 18.49% - 24.49% Variable APR. This offers some flexibility if you know you’ll need a revolving line of credit. Since it has a $0 annual fee, it won’t cost you anything to keep after the intro period.

Plus, you can put money back in your bank account with the Ink Business Unlimited® Credit Card. You’ll get a sign-up bonus that lets you earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. You’ll also earn unlimited 1.5% cash back on every purchase made for your business.

U.S. Bank Business Platinum Card vs. The American Express Blue Business Cash™ Card

| Disclosures
The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card
apply-now-icon Apply Now
on American Express's secure site
Rates & Fees
| Terms Apply
0% on purchases for 12 months from date of account opening
17.99% - 25.99% Variable
No annual fee
Earn 2% cash back on all eligible purchases on up to $50,000
  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.99% - 25.99%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, 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.
  • No Annual Fee
  • Terms Apply.
660 720 850
Good / Excellent

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.

Like the Ink Business Unlimited® Credit Card, The American Express Blue Business Cash™ Card offers an intro APR of 0% on purchases for 12 months from date of account opening then an 17.99% - 25.99% Variable APR. It has a welcome offer and a simple rewards program that lets you earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. If you spend more than $50,000 you could pair it with another business card, like the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card, to earn elevated rewards on select purchases.

Like the other cards mentioned above, it has no annual fee but does come with a foreign transaction fee. You can get free employee cards to maximize your cash back and track spending with alerts and spending reports.

*To see rates & fees for The American Express Blue Business Cash™ Card, please click here.

U.S. Bank Business Platinum Card vs. Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

| Disclosures
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card*
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
0% Introductory APR on purchases for the first 9 billing cycles
18.49% - 28.49% Variable APR
$0
Earn 3% cash back in the category of your choice (for the
  • Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
  • Earn 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases. 
  • You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter. 
  • You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases. 
  • No annual fee 
  • Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire. 
  • To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same. 
  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% - 28.49% Variable APR will apply. 
  • Contactless Cards - The security of a chip card, with the convenience of a tap. 
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
720 850
Excellent
*The information related to the Bank of America® Business Advantage Customized Cash Rewards Mastercard® 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

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.

Keeping with the theme of 0% intro APRs on new purchases, the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card offers a 0% Introductory APR on purchases for the first 9 billing cycles, then a 18.49% - 28.49% Variable APR. It’s not as long of an offer as the previously mentioned cards have, but it does have a solid rewards program that allows you to earn a high rate of cash back on the first $50,000 you spend in the category of your choice.

Additionally, every purchase earns cash back, it has a $0 annual fee, and the sign-up bonus lets you get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.

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

The U.S. Bank Business Platinum Card is a solid option if you’ve got some business debt to pay off and want to save on interest. Even though there is a balance transfer fee, the extra long intro period of 18 months easily outweighs the fee. It’s also worth getting if you have an upcoming purchase that you’d like to finance. You won’t pay a cent of interest as long as you pay off the entire amount before the intro period ends.

However, if you run a debt-free business or pay off your credit card in full each month, a business credit card that offers cash back like the Ink Business Unlimited® Credit Card or The American Express Blue Business Cash™ Card may be a better option.

Want to compare business credit cards?

To see rates & fees for American Express cards mentioned on this page, visit the links provided below:

The information related to the U.S. Bank Business Platinum Card and Bank of America® Business Advantage Customized Cash Rewards Mastercard® 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.