U.S. Bank Business Platinum Card Review

U.S. Bank Business Platinum credit card Review

For small business owners, the U.S. Bank Business Platinum is a great credit card that allows them to finance large purchases with no interest for 18 months. Not only that, but business owners can also transfer balances off of high-interest credit cards to pay down debt as well. This card offers the longest intro APR for business credit cards from U.S. Bank, all for no annual fee. Cardholders can also get credit cards for employees at no additional charge. This card is ideal for business owners who want to focus on building their business without spending excessive amounts on interest.

U.S. Bank Business Platinum: pros and cons

U.S. Bank Business Platinum: rewards system in a nutshell

The U.S. Bank Business Platinum card does not have a rewards system. The card's main function is a 0% intro APR on balance transfers and new purchases. This means you can transfer debt from a high-interest card onto this card within 30 days after account opening, and that debt will not accrue any interest for 18 billing cycles. Note that there is a balance transfer transaction fee of 3% of each transfer or $5, whichever is greater.

A huge convenience for business owners is being able to make large purchases at 0% APR for the same period of 18 months. For small business owners that are just starting, getting office equipment, supplies and other necessities interest-free can make a difference.

Apart from the low APR, this card has no other rewards. This is ideal for someone who does not want to fuss with learning a rewards system and wants to get debt under control.

Who can benefit from getting the U.S. Bank Business Platinum credit card?

The U.S. Bank Business Platinum credit card is an easy-to-use business balance transfer card. Small business owners value its ease of use and interest rates over anything. You will need good to excellent credit to get approved for the card, so you should hope to have a score over 670. U.S. Bank mainly uses your TransUnion credit report but might pull Experian or Equifax when running your application.

Are there any other benefits?

This credit card is very straightforward, but that does not mean there are no additional benefits. You can enjoy:

• Pay with your phone – Besides tapping to pay at checkout with your card, you can add your card to your phone’s wallet and use Apple Pay, Google Pay, or Samsung Pay to complete your purchase.
• Control your employee’s credit card use – You get to decide where, when, and how your employees use their credit card through controls on dollar amounts, places, and times of the day.
• Keep your business purchases secure – You are never held responsible for unauthorized purchases on your card. Enjoy zero fraud liability, chip technology, and 24/7 fraud monitoring.
• Expense management – Visa Spend Clarity is a dream for small business owners and lets you go over expenses, set employee card controls, and analyze spending reports.
• Pay over time – U.S. Bank offers ExtendPay, which lets you divide large purchases into smaller monthly payments with no interest, just a fixed monthly fee.
• 24/7 dedicated service – U.S. Bank is there no matter when you need assistance.

Conclusion

For small business owners that want a no-frills, easy-to-use credit card, the U.S Bank Business Platinum might be the one for you. Although you will not earn substantial rewards with this card, it shines in the ability to transfer balances away from high-interest credit cards, so you can pay down debt at 0% APR for 18 months and not accrue any interest on new purchases within the same period.

However, it is essential to note that there are credit cards out there that business owners can use to get much more significant benefits. If you travel frequently, you might want a card that offers points or miles to be used on travel purchases or things like rental car protection. But, if you stay put in your hometown and want a simple, no annual fee, primary business card, then the U.S. Bank Business Platinum works excellently.