U.S. Bank Business Platinum Card is designed for businesses that need a long interest-free financing option without an annual fee. It offers a 0% introductory annual percentage rate (APR) on purchases for the first 18 billing cycles. However, it doesn’t have rewards on purchases.
To see how these cards stack up against others we reviewed on our site, click Add to Compare on a card below and select up to two additional cards for comparison.
BEST FOR:
Extended 0% APR period on purchases
U.S. Bank Business Platinum Card
Intro APR
0% intro on purchases for 18 billing cycles
Regular APR
17.49% - 26.49% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
Pros
Cons
Intro APR
0% intro on purchases for 18 billing cycles
Regular APR
17.49% - 26.49% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
Pros
Cons
When evaluating a low-interest business credit card like the U.S. Bank Business Platinum Card, we consider the introductory and ongoing APRs first. Then, we evaluate introductory and ongoing rewards, annual fees, and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Introductory APR | 30 | 30 |
Ongoing APR | 25 | 30 |
Annual Fee | 10 | 10 |
Features | 8 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 73 | 100 |
Who the U.S. Bank Business Platinum Card Is Best For
- Those looking to finance a large purchase or transfer a balance: The card offers a 0% introductory APR for the first 18 billing cycles on both purchases.
- Those who don’t need to earn rewards: This card doesn’t offer rewards, and its significant benefit is its long introductory 0% APR without an annual fee.
See our recommended alternatives below if this card isn’t the best fit for your business. Alternatively, you can also check our list of best U.S. Bank business credit cards for more options on credit cards offered by U.S. Bank.
U.S. Bank Business Platinum Card Rewards
The U.S. Bank Business Platinum Card doesn’t offer introductory or ongoing rewards, which is rare, even among credit cards with no annual fee and a low APR. The key benefit of this card is that you can take advantage of a 0% APR on purchases for the first 18 billing cycles—one of the longest interest-free periods available.
U.S. Bank Business Platinum Card Features
- Mobile and online banking: Cardholders can view their statement and transaction details, initiate bill payments and account transfers, and manage existing credit cards through their online banking site or mobile app.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch. Should you suspect fraudulent activity with your U.S. Bank Business Platinum Card, call (877) 595-6256 for immediate assistance.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee. Note that only purchases over $100 that are made within 60 days before signing up for ExtendPay are eligible.
- Visa Spend Clarity: This is an alternative spending management system to SinglePoint Essentials® where cardholders can track spending and manage finances. Not only does it let you control and categorize all transactions but also notifies you of transactions happening in real-time.
- Dedicated service: U.S. Bank ensures that its servicing center is available 24 hours a day, seven days a week.
U.S. Bank Business Platinum Card Fees
APR
- Introductory: 0% on purchases for the first 18 billing cycles.
- Ongoing and balance transfers: 17.49% – 26.49% variable, which will adjust with the prime rate (with a minimum interest charge of $1)
- Cash advance: 31.74% variable
- Penalty
Penalty APR will apply until you make six consecutive minimum payments when due and do not exceed your credit limit during the time period.
: 29.99% will be applied to your account if you:
- Pay the bill five calendar days late twice
- Pay the bill 30 calendar days late once
- Make a payment that’s returned
- Exceed the credit limit twice in 12 consecutive months
Fees
- Annual: None
- Convenience check cash advance and balance transfer: Either $5 or 3%, whichever is greater
- Cash advance ATM and cash advance: Either $10 or 5%, whichever is greater
- Cash equivalent advance: Either $10 or 4%, whichever is greater
- Foreign transaction: 3% of each foreign transaction
- ExtendPay: Monthly fee not to exceed 1.6% of the original principal amount in an ExtendPay Plan or ExtendPay Loan
- Late payment: $41
- Returned payment: $35
- Overlimit: $39
Your due date is within 24-30 days after the close of each billing cycle.
- In-person: To find a U.S. Bank ATM or branch location near you, visit usbank.com.
- Online: Make payments electronically via autopay or a one-time payment through the U.S. Bank website.
- Mobile app: Pay your credit card bills through the U.S. Bank Mobile App.
- Phone: Call the number found on the back of your card or call (866) 485-4545.
- Mail: Send your check or money order through regular mail or overnight delivery:
Regular mail:
Cardmember Service
PO Box 790408
St. Louis, MO 63179-0408
Overnight delivery:
Cardmember Service
ATTN: 790408
3180 Rider Trail S.
Earth City, MO 63045-1518
U.S. Bank Business Platinum Card Alternatives
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back with long 0% APR period
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.49% - 27.49% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- 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.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.49% - 27.49% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- 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.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
When To Consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
- You are looking for an alternative U.S. Bank business credit card: It offers a long 0% introductory period for purchases and will let you earn rewards on selected spending categories.
Other Benefits
- Get a sign-up bonus of $750 cash back after spending at least $6,000 on purchases within the first 180 days from the date of account opening
- Also pay off balances over time through the ExtendPay® Plan
- Be charged $0 annual fees
This card is included in our lists of the best small business credit cards and the best credit cards for new businesses with no credit history due to its long 0% introductory period and premium cash back rewards.
American Express Blue Business CashTM
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.99% - 25.99% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- 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.
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
17.99% - 25.99% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- 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.
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
When To Consider the American Express Blue Business Cash
- You intend to spend beyond your credit limit: It offers Expanded Buying Power—allowing you to spend beyond your credit limit after meeting certain criteria.
- You want to earn fixed-rate cash back rewards: It lets you earn 2% cash back on the first $50,000 in eligible purchases
Other Benefits
- Receive a $250 statement credit after spending $3,000 in purchases within the first three months from the date of account opening
- Connect with QuickBooks, which can help categorize your transactions.
- Get access to a Year-End Summary of charges so that you can review your annual spending.
This card is also our top small business credit card and one of our best business credit cards for consultants. Check our guide to the best American Express business credit cards for more options from the issuing bank.
Bank of America® Business Advantage Customized Cash Rewards
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those who want to earn 3% cash back in a spending category of their choice
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- 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 & EV charging 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% cash back on purchases in the category of your choice and 2% cash back on dining purchases 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 Preferred Rewards for Business Platinum Honors 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 as long as your account remains open.
- 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% to 28.49% 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.
Pros
- Offers flexible redemption options
- $0 annual fee
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- 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 & EV charging 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% cash back on purchases in the category of your choice and 2% cash back on dining purchases 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 Preferred Rewards for Business Platinum Honors 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 as long as your account remains open.
- 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% to 28.49% 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.
Pros
- Offers flexible redemption options
- $0 annual fee
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
When To Consider the Bank of America® Business Advantage Customized Cash Rewards
- You wish to earn rewards in your chosen category and dining: It lets you earn 3% cash back in a spending category of your choice and 2% cash back on dining on the first $50,000 combined category/dining purchases each calendar year. 1% cash back will apply after the cap is met.
Other Benefits
- Earn a $300 online statement credit bonus offer after spending at least $3,000 within the first 90 days from the date of account opening
- Be charged $0 annual fees
- Redeem earned cash back as a deposit into your Bank of America checking or savings account, as a card statement credit, or as a check mailed to you
This card is included in our roundups of the best fuel cards for small business and the best business credit cards for consultants. For more options, consider checking our list of the best Bank of America business credit cards.
Frequently Asked Questions (FAQs)
The U.S. Bank Business Platinum Card can be a viable option if you are only looking for a business credit card that has a long 0% introductory period on purchases and balance transfers from an issuing bank that has branches in 25 states.
The U.S. Bank Business Platinum Card requires at least good standing (or a credit score requirement of 700 and above) to qualify for the card.
U.S. Bank has branches in the following states:
- Arizona
- Arkansas
- California
- Colorado
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Minnesota
- Missouri
- Montana
- Nebraska
- Nevada
- New Mexico
- North Dakota
- Ohio
- Oregon
- South Dakota
- Tennessee
- Utah
- Washington
- Wisconsin
- Wyoming
Bottom Line
U.S. Bank Business Platinum Card is best for businesses needing to make a large purchase since it offers a 0% introductory APR for 18 billing cycles. While this low-interest credit card doesn’t charge an annual fee, it doesn’t offer rewards.
