U.S. Bank Business Platinum Card
Best For: Extended 0% APR period on purchases and balance transfers
|Intro APR ?0% APR for 20 billing cycles on purchases and balance transfers||Regular APR||Annual Fee||Credit Needed|
|0%*||9.99% - 17.99% Variable||$0||Excellent|
The U.S. Bank Business Platinum Card is an excellent card for businesses that want to limit the cost of carrying a balance without having to pay an annual fee. This business credit card allows owners to customize and control their employees’ cards. A free online tool is also available to make expense monitoring more easily accessible.
Who U.S. Bank Business Platinum Card is Best For
- Owners who frequently carry a balance: U.S. Bank Business Platinum Card offers a low ongoing annual percentage rate (APR) that could help businesses save hundreds to thousands of dollars in financing payments annually, especially if they carry a significant balance.
- Owners looking to finance a large purchase for free: U.S. Bank Business Platinum Card offers a 0% introductory APR for the first 20 billing cycles, which means you can charge a large purchase without having to pay APR as long as you pay it in full before the promotion period ends.
How We Evaluate Low-interest Business Credit Cards
When grading a low-interest business credit card like the U.S. Bank Business Platinum Card, we weigh the introductory and ongoing APR the heaviest. We also take into account introductory and ongoing rewards as well as additional features, like purchase protection and extended warranty protection.
Highest Possible Score
U.S. Bank Business Platinum Card Fees
- Introductory APR: 0% on purchases and balance transfers for the first 20 billing cycles
- Ongoing APR: 9.99% to 17.99% variable, which will adjust with the prime rate
- Annual fee: None
- Balance transfer fee: $5 or 3% of the transfer during application, whichever is greater
- Foreign transaction fee: 3% of each foreign transaction
- Cash advance fee: $10 or 5% of the advance, whichever is greater; cash advance APR is 23.99% variable
U.S. Bank Business Platinum Card Rewards
The U.S. Bank Business Platinum Card offers no introductory or ongoing rewards, which is rare, even among credit cards that charge low APR. The key benefits of having a U.S. Bank Business Platinum Card include its competitive introductory and ongoing rate while enjoying full purchasing power and business control.
U.S. Bank Business Platinum Card Features
Auto Rental Collision Damage Waiver
Car rentals paid with U.S. Bank Business Platinum Card are covered up to the cash value of the vehicle in case of accident or theft. Coverage is secondary if you have personal auto insurance, which means you’ll have to file a claim with your insurance company first. U.S. Bank will refund your insurance deductible. Physical damage, loss due to theft, towing charges, and charges imposed by the vehicle rental company are included with the coverage.
Items that are damaged and stolen within 90 days of purchase are covered with purchase protection. The items must be purchased with your U.S. Bank business credit card to be eligible. Coverage is limited to $500 per claim, up to $50,000 per cardholder. Some items are not included with the coverage, such as animals, automobiles, collectibles, jewelry, and items for resale.
Extended Warranty Protection
Manufacturer warranties of three years or less are covered with extended warranty protection up to an additional one year from expiration. U.S. Bank will replace the item or reimburse you up to the amount charged on your U.S. Bank card, up to a maximum of $10,000. Purchases that are not covered by extended warranty protection include motorized vehicles, real estate, computer software, medical equipment, and items for resale.
Travel and Emergency Services
Visa will provide a concierge service that offers travel, emergency, medical, and legal assistance 24 hours a day. This service is available to the cardholder, the cardholder’s spouse, and dependent children age 22 and younger. While the number is toll-free, you will be responsible for the cost of any assistance provided.
Account Management Tools
The U.S. Bank Business Platinum Card comes with a number of account management tools that can help your business manage risk. This includes payment controls, which allows you to customize your employees’ business credit card so that you can manage when, where, and how your employees use their cards. It comes with a liability waiver that covers eligible transactions made 75 days prior to or up to 14 days after you terminate an employee. The online reporting tool also makes it easier to track and monitor expenses.
U.S. Bank Business Platinum Card Alternatives
Bank of America® Platinum Plus® Mastercard® Business Card
Bank of America® Platinum Plus® Mastercard® Business card
Best For: Low-interest financing on business purchases
|Intro APR||Regular APR||Annual Fee||Credit Needed|
7 billing cycles
|10.24% - 21.24% Variable APR on purchases||$0.00||Excellent|
American Express Blue Business® Plus
The Blue Business® Plus Credit Card from American Express
Best For: Pocketing 2x points per $1 and 0% introductory APR for 12 months
|Intro APR ?0% introductory APR for 12 months on purchases||Regular APR||Annual Fee||Credit Needed|
|0% on purchases||13.24% - 19.24% Variable||No annual fee||Good, Excellent|
Bank of America® Business Advantage Cash Rewards Mastercard®
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Best For: Up to 3% cash back in a spending category of your choice
|Intro APR ?0% APR for nine billing cycles on purchases||Regular APR||Annual Fee||Credit Needed|
9 billing cycles
|12.24% - 22.24% Variable APR on purchases||$0.00||Excellent|
The U.S. Bank Business Platinum Card is best designed for businesses that need to charge a large purchase or transfer a balance because it offers 0% introductory APR for 20 billing cycles. This low-interest credit card does not charge an annual fee. However, it also does not offer rewards. Compare other business credit cards if you need a card that offers a rewards structure.