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.
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 17.24% to 26.24%, it may be the perfect fit your business.
Intro Purchase APR
0% intro APR on purchases for 18 billing cycles
Regular Purchase APR
17.24% to 26.24%
Intro BT APR
0% intro APR on balance transfers for 18 billing cycles
Regular BT APR
17.24% to 26.24%
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
Generous intro APR on purchases and balance transfers
The U.S. Bank Business Platinum Card offers a very generous 0% intro APR on balance transfers for 18 billing cycles; after, a 17.24% to 26.24% 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 17.24% to 26.24% 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 17.24% to 26.24%.
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.
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 Business Triple Cash Rewards World Elite Mastercard® 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: Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® also comes with an APR of 0% intro on balance transfers for 15 billing cycles, then a 19.24% - 28.24% 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 15 billing cycles on purchases, then a 19.24% - 28.24% variable APR applies.
| Credit Cards | Annual Fee | Rewards Rate | Welcome Offer | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | Intro Purchase APR | Regular APR | |
|---|---|---|---|---|---|---|---|---|---|
|
U.S. Bank Business Platinum Card
|
$0 | N/A | N/A | 0% intro APR on balance transfers for 18 billing cycles | 17.24% to 26.24% | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | 0% intro APR on purchases for 18 billing cycles | 17.24% to 26.24% | |
|
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
|
$0 | 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. | Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account. | 0% Intro on balance transfers for 15 billing cycles | 19.24% - 28.24% variable | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | 0% Intro APR for 15 billing cycles on purchases | 19.24% - 28.24% variable | |
|
Ink Business Cash® Credit Card
|
$0 | 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. | Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening | N/A | 18.49% to 24.49% Variable | Either $5 or 5% of the amount of each transfer, whichever is greater. | 0% Intro APR on Purchases for 12 months | 18.49% to 24.49% Variable | |
|
PNC Visa® Business Credit Card
|
$0 | N/A | N/A | Introductory 0% APR for the first 13 billing cycles following account opening when the balance is transferred within the first 90 days following account opening | 15.24% to 25.24% | Either $5 or 3% of the amount of each balance transfer, whichever is greater. | N/A | 15.24% to 25.24% |
The information related to the Ink Business Cash® Credit Card and the PNC Visa® Business Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
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 has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
