Associated Bank Visa® Business Platinum Credit Card Review for 2023
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This article is part of a larger series on Best Small Business Credit Cards.
The Associated Bank Visa® Business Platinum Credit Card is a nonrewards credit card that comes with no annual fee and a low ongoing annual percentage rate (APR). The best thing about this small business credit card is that it offers 0% introductory APR for 18 months on purchases and balance transfers.
To see how this card stacks up against others we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
Associated Bank Visa® Business Platinum Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who need to carry a balance
Intro APR
0% APR for the first 18 billing cycles
Regular APR
14.99% to 23.99%
Annual Fee
None
Credit Needed
Good to Excellent
- 0% APR for the first 18 billing cycles
- Free employee cards with individual credit limits
Pros
- No annual fee
- Long introductory APR on purchases and balance transfers
- Low ongoing APR
Cons
- No sign-up bonus
- No ongoing rewards
- No introductory balance transfer fee
- Protection against terminated employees’ misuse up to $100,000
- Free online reporting with Spend Analysis
- Visa-specific benefits including Extended Warranty, Purchase Protection, and Auto Rental Collision Damage Waiver Insurance
Intro APR
0% APR for the first 18 billing cycles
Regular APR
14.99% to 23.99%
Annual Fee
None
Credit Needed
Good to Excellent
- 0% APR for the first 18 billing cycles
- Free employee cards with individual credit limits
Pros
- No annual fee
- Long introductory APR on purchases and balance transfers
- Low ongoing APR
Cons
- No sign-up bonus
- No ongoing rewards
- No introductory balance transfer fee
- Protection against terminated employees’ misuse up to $100,000
- Free online reporting with Spend Analysis
- Visa-specific benefits including Extended Warranty, Purchase Protection, and Auto Rental Collision Damage Waiver Insurance
How We Evaluate Low-interest Business Credit Cards
When evaluating a low-interest business credit card like the Associated Bank Visa® Business Platinum Credit Card, we first consider the introductory and ongoing APR. We also evaluate the introductory and ongoing rewards as well as additional features like cash management tools and protection coverage.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Introductory APR | 35 | 35 |
Ongoing APR | 28 | 35 |
Features | 10 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 73 | 100 |
Who Is Associated Bank Visa® Business Platinum Credit Card Best For
- Business owners who need to carry a balance: It offers a low ongoing APR, making it ideal for those needing to carry a significant balance.
- Business owners looking to finance a large purchase or transfer a balance: It has a 0% introductory APR for the first 18 billing cycles on both purchases and balance transfers.
If this card isn’t the best fit for your business, see our recommended alternatives below.
Associated Bank Visa® Business Platinum Credit Card Fees
APR
- Introductory APR: 0% on purchases and balance transfers for the first 18 billing cycles
- Ongoing APR on purchases and balance transfers: 14.99% to 23.99% variable, which adjusts with the prime rate
- Cash advance APR: 28.99% variable
- Penalty APR: 30.24%; this may be applied to your account if
- You make payment five calendar days late twice
- You make payment 30 calendar days late once
- Your payment is returned
- You exceed the credit limit twice in 12 consecutive months
- Minimum interest charge: $1
Fees
- Annual fee: None
- Balance transfer: $5 or 3% of the transfer amount whichever is greater
- Convenience check cash advance: $5 or 3%, whichever is greater
- Cash advance ATM: $10 or 4%, whichever is greater
- Cash advance: $10 or 4%, whichever is greater
- Cash equivalent advance: $10 or 4%, whichever is greater
- Foreign transaction: 2% of each foreign transaction in US dollars or 3% of each foreign transaction in a foreign currency
- Late payment:
- $19 on balances up to $100
- $29 on balances from $100 to $250
- $39 on balances of $250 or more
- Returned payment: $35
- Overlimit: $39
How To Make Payments on the Associated Bank Visa® Business Real Rewards Card
- Online: Log in to your account at www.myaccountaccess.com to make an online payment
- Auto Pay: Schedule an automatic monthly withdrawal from a checking or savings account
- Phone: Call (866) 552-8855
Associated Bank Visa® Business Platinum Credit Card Rewards
Associated Bank Visa® Business Platinum Credit doesn’t offer introductory and ongoing rewards. This is rare, even among credit cards that charge a low APR. The key benefit of using this credit card is that you get a competitive ongoing APR while enjoying a 0% introductory rate on purchases and balance transfers for the first 18 billing cycles.
Associated Bank Visa® Business Platinum Credit Card Additional Features
Protection Coverage
- Auto rental collision damage waiver insurance: To be eligible, you need to charge your car rental to this card. You can decline the rental company’s collision damage waiver option and receive coverage through Visa for collision damage or theft.
- Fraud protection: You’ll be notified in case of any unusual card activity to prevent fraudulent transactions.
- Zero fraud liability: If your card is lost or stolen, this protects you from fraudulent use of your card or account information, and you won’t be responsible for any unauthorized purchases.
- Extended warranty: Visa will double the manufacturer’s warranty on purchases made with this card.
- Purchase protection: This covers your new purchases for 90 days in case they’re damaged or stolen.
- Employee misuse protection: Receive protection against terminated employees’ misuse of up to $100,000.
Cash Management
- Online reporting with spend analysis: You can access a free online tool that lets you generate reports on your credit card spending on a monthly, quarterly, annual, or year-to-date basis. You can also download an annual account summary of up to 36 months and view your expenses by total spending, average ticket, or merchant.
- Billing options: You can request to receive a consolidated central monthly bill for the whole company or individual bills for each card member (if you want your employees to pay for their own transactions).
Pros & Cons of The Associated Bank Visa® Business Platinum Credit Card
| PROS | CONS |
|---|---|
| No annual fee | No sign-up bonus |
| 0% APR on purchases and balance transfers for 18 months | No ongoing rewards |
| Low ongoing APR | Balance transfer fee is charged even with introductory 0% APR |
Associated Bank Visa® Business Platinum Credit Card Alternatives
Associated Bank Visa® Business Real Rewards Card
Associated Bank Visa® Business Real Rewards Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who prefer unlimited fixed-rate rewards
Intro APR
0%
Regular APR
17.74% to 26.74% variable
Annual Fee
None
Credit Needed
Good
- 2,500 bonus rewards Points awarded after first purchase
- Earn 1.5 points for every eligible net $1 you spend
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short interest-free financing option on purchases and balance transfers
- Rewards expire within 5 years
- Online reporting with spend analysis: Offers a free online tool that lets you generate credit card spending reports on a monthly, quarterly, annual, or year-to-date basis
- Fraud protection: Associated Bank will notify you of any unusual card activity to prevent fraudulent transactions
- Travel and emergency assistance: Call Visa’s 24-hour Visa Assistance Center at (800) VISA-911 to report a lost or stolen card and request an emergency card replacement.
Intro APR
0%
Regular APR
17.74% to 26.74% variable
Annual Fee
None
Credit Needed
Good
- 2,500 bonus rewards Points awarded after first purchase
- Earn 1.5 points for every eligible net $1 you spend
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short interest-free financing option on purchases and balance transfers
- Rewards expire within 5 years
- Online reporting with spend analysis: Offers a free online tool that lets you generate credit card spending reports on a monthly, quarterly, annual, or year-to-date basis
- Fraud protection: Associated Bank will notify you of any unusual card activity to prevent fraudulent transactions
- Travel and emergency assistance: Call Visa’s 24-hour Visa Assistance Center at (800) VISA-911 to report a lost or stolen card and request an emergency card replacement.
- Associated Bank Visa® Business Real Rewards Card lets you earn 1.5 points for every dollar you spend
- Offers 2,500 bonus points, redeemable for $25 cash back, when you make your first purchase using the card
- Does not charge annual fees
- Comes with 0% APR on purchases and balance transfers for the first six billing cycles
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
U.S. Bank Business Platinum Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
Intro APR
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
Pros
Cons
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Intro APR
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
Pros
Cons
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
- U.S. Bank Business Platinum Card offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles
- Comes with zero annual fees and low interest rates
- Lacks introductory and ongoing rewards
- Is our best business credit card for balance transfers and leading 0% APR card
PNC Cash Rewards® Visa Signature® Business Credit Card
PNC Cash Rewards® Visa Signature® Business Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
PNC Bank account holders wanting to earn fixed-rate rewards
Intro APR
0% for 9 billing cycles
Regular APR
15.99% to 24.99% variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- Doesn’t charge annual fees
- With sign-up bonus
- Has low ongoing APR on purchases and balance transfers
Cons
- Doesn’t offer 0% introductory APR on balance transfers
- Need to have an active PNC Bank account to qualify for the card
- Cash Flow Insight®: Designed to help you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables digitally.
- Lost luggage reimbursement: You and your immediate family members can be reimbursed up to $3,000 per covered trip if your luggage was lost or stolen when you charge your entire travel fare to this card.
- Travel and emergency assistance services: You can call the toll-free, 24-hour benefit administrator line at (800) 992-6029 to get assistance and referrals while traveling away from home.
- Trip delay reimbursement: Covers up to a maximum of $300 per purchased ticket for reasonable additional expenses incurred when a Covered Trip purchased was delayed for more than 12 hours.
Intro APR
0% for 9 billing cycles
Regular APR
15.99% to 24.99% variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- Doesn’t charge annual fees
- With sign-up bonus
- Has low ongoing APR on purchases and balance transfers
Cons
- Doesn’t offer 0% introductory APR on balance transfers
- Need to have an active PNC Bank account to qualify for the card
- Cash Flow Insight®: Designed to help you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables digitally.
- Lost luggage reimbursement: You and your immediate family members can be reimbursed up to $3,000 per covered trip if your luggage was lost or stolen when you charge your entire travel fare to this card.
- Travel and emergency assistance services: You can call the toll-free, 24-hour benefit administrator line at (800) 992-6029 to get assistance and referrals while traveling away from home.
- Trip delay reimbursement: Covers up to a maximum of $300 per purchased ticket for reasonable additional expenses incurred when a Covered Trip purchased was delayed for more than 12 hours.
- PNC Cash Rewards® Visa Signature® Business Credit Card is best for those wanting to earn ongoing rewards on their purchases
- Has no annual fee and a low ongoing APR ranging from 13.99% to 22.99%
- Lets you earn 1.5% cash back on all eligible purchases, with no caps or limit
- Provides a $400 welcome bonus after making at least $3,000 in qualifying net purchases
- Is one of our top cash back business credit cards
For more options, check out our guide to the best small business credit cards.
Bottom Line
Associated Bank Visa® Business Platinum Credit Card is designed for businesses needing to charge a large purchase or transfer a balance, as well as carry a balance from time to time. While it doesn’t charge an annual fee and comes with a low APR, it lacks rewards.
