How Does LendingTree Get Paid?
| Advertising Disclosure
| American Express Disclosure

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.

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).

American Express Disclosure

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

U.S. Bank Business Platinum Card Review

U.S. Bank Business Platinum Card Review

Annual Fee
$0
Intro APRs
0% intro APR on purchases for 18 billing cycles & 0% intro APR on balance transfers for 18 billing cycles
Ongoing APR
14.99% - 23.99% (Variable)
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the U.S. Bank Business Platinum Card best for?

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 14.99% - 23.99% (variable), it may be the perfect fit your business.

U.S. Bank Business Platinum Card overview

    • Limited time offer: 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 14.99%-23.99%.
    • 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 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
    • Terms and conditions apply
  • Credit needed:
    780 850
    Excellent/Good
  • Use with Apple Pay, Google Pay or Samsung Pay
  • Set card controls to manage employee card spending
  • Zero fraud liability
  • Expense management through Visa Spend Clarity

Intro Purchase APR

0% intro APR on purchases for 18 billing cycles

Regular Purchase APR

14.99% - 23.99% (Variable)

Intro BT APR

0% intro APR on balance transfers for 18 billing cycles

Regular BT APR

14.99% - 23.99% (Variable)

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

Pros and cons

Pros

  • Long intro APR on purchases and balance transfers
  • Reasonable ongoing APR
  • $0 annual fee

Cons

  • No rewards program
  • Limited benefits
  • Foreign transaction fee

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

  • 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 14.99% - 23.99% (variable) 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 14.99% - 23.99% (variable) 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 14.99% - 23.99% (variable).

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

  • 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.

Alternate business card

Compare it to the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

 

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 Rewards Center. No limit on total cash back earned.

This $0 annual fee card also offers a sign-up bonus: 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 17.74% - 26.74% (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 17.74% - 26.74% (variable) APR applies.

Compare the U.S. Bank Business Platinum Card to similar cards

Comparison of four different credit cards
U.S. Bank Business Platinum Card U.S. Bank Business Triple Cash Rewards World Elite Mastercard<sup>®</sup> Ink Business Cash<sup>®</sup> Credit Card PNC Visa® Business Credit Card
U.S. Bank Business Platinum Card U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Ink Business Cash® Credit Card PNC Visa® Business Credit Card
Read Review
Read Review
Apply Now
on Chase's secure site
Read Review
Annual Fee
$0 $0 $0 $0
Rewards Rate
N/A 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 Rewards Center. No limit on total cash back earned. 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. N/A
Welcome Offer
N/A Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account. LIMITED TIME OFFER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening N/A
Intro Balance Transfer APR
0% intro APR on balance transfers for 18 billing cycles 0% Intro on balance transfers for 15 billing cycles 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"
Regular Balance Transfer APR
14.99% - 23.99% (Variable) 17.74% - 26.74% (Variable) 16.24% - 22.24% Variable 12.99% to 22.99% variable
Balance Transfer Fee
Either 3% of the amount of each transfer or $5 minimum, whichever is greater Either 3% of the amount of each transfer or $5 minimum, whichever is greater Either $5 or 5% of the amount of each transfer, whichever is greater. Either $5 or 3% of the amount of each balance transfer, whichever is greater.
Intro Purchase APR
0% intro APR on purchases for 18 billing cycles 0% Intro APR for 15 billing cycles on purchases 0% Intro APR on Purchases for 12 months N/A
Regular APR
14.99% - 23.99% (Variable) 17.74% - 26.74% (Variable) 16.24% - 22.24% Variable 12.99% to 22.99% variable
Card Details
U.S. Bank Business Platinum Card U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Ink Business Cash® Credit Card PNC Visa® Business Credit Card

The information related to 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.

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

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.