Credit Cards Business Credit Cards

U.S. Bank Business Platinum Card Review

overall rating

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The U.S. Bank Business Platinum card offers no rewards or one-time offers, other than an introductory 0% APR on purchases and balance transfers for the first 20 billing cycles. This card could be a good choice for business owners who want to pay off large purchases or balance transfers over time without accruing interest charges.

U.S. Bank Business Platinum Card

Overall Rating
U.S. Bank Business Platinum Card
On U.S. Bank's Secured Site.
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) 16.24% - 25.24% variable
Annual Fee $0
Rewards Earning Rate This card does not offer a rewards program.
INTRO PURCHASE APR 0% for 18 Billing Cycles
INTRO BALANCE TRANSFER APR 0% for 18 Billing Cycles
Balance Transfer Fee Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
Cash Advance APR (%) 30.24%
Cash Advance Fee Either $10 or 5% of the amount of each cash advance, whichever is greater.
how this card stacks up
When compared among all business cards in our database:
Low Fees
Security/Customer Experience
Low Interest
worst best

Currently rated one of our

Full Review of U.S. Bank Business Platinum Card

  • Generous 0% APR offer, plus possibly low ongoing APR

  • No annual fee

  • No rewards or bonus

  • Minimal benefits

  • U.S. Bank's small business credit card customer service is below par

Pros Explained

  • Generous 0% APR Offer, Plus Low Ongoing APR: The U.S. Bank Business Platinum distinguishes itself mostly, if not solely, for how well it accommodates businesses that want or expect to carry a balance on the card for some time. It's not easy to find a business card that offers 0% APR for a year on both purchases and balance transfers, yet this card goes beyond that and offers it for 20 billing cycle. Ideally, of course, you should pay off a balance you accumulate under a 0% APR offer before the deal expires, so as to avoid interest charges. If you can’t do so, however, the U.S. Bank Business Platinum card offers an unusually low ongoing APR after its 20 month 0% APR introductory period elapses. You would then pay interest in a range of 16.24% to 25.24%, a range that’s well below the ongoing rates of most other cards. In all, this is an attractive option indeed if you’re seeking a card to help with cash-flow and provide comparatively affordable APRs. However, you'll need good credit to land in the favorable end of the range.
  • No Annual Fee: There’s no annual cost for the U.S. Bank Business Platinum. There’s also no charge for additional employee cards, as is the case with almost all other business cards.

Cons Explained

  • No Rewards or Bonus: Numerous business rewards cards offer miles, points, or cash back on purchases. The U.S. Bank Business Platinum isn't among that group. The card has no rewards program, nor does it offer an introductory bonus. This card goes in a different direction, with its primary purpose to serve as a low-interest purchase and balance transfer option for business owners.
  • Minimal Benefits: To say the least, this card is light on features and benefits. It offers only some of the benefits that are standard with business cards, such as free cards for employees and tools to help track expenses. There are none of the travel benefits offered by some cards, such as insurance coverage for rental cars.
  • U.S. Bank's Small-Business Credit Card Customer Service is Below Par: Businesses don't necessarily interact with their credit card issuer very often. But when that’s necessary, it's often a matter of some urgency and even stress, and you want a satisfying experience. Unfortunately, that's less likely to be the case for businesses who deal with U.S. Bank, according to J.D. Power's research. In the 2021 J.D. Power U.S. Small Business Credit Card Customer Satisfaction Study, U.S. Bank ranked last out of eight national card issuers and, at 819 points, scored significantly below the average of 852.

This Card is Best For

  • Avatar for Annual Fee Averse Persona
    Resists or refuses an annual fee on principle or due to cost
    Annual Fee Averse
  • Avatar for Business Owner Persona
    Earning a primary or side income from a small business
    Business Owner

The U.S. Bank Business Platinum card is best for business owners who are planning to spend heavily soon or have a balance on another credit card for which they'd like to transfer to a lower-interest account. The promotional APR offer for this card extends 0% interest for 20 months on both purchases and balance transfers. If you still have a balance at the end of that period, the card's ongoing APR should be notably lower than that of other cards you own as long as your credit gets you in the lower end of the APR range.

Standard Benefits

  • Free additional employee cards
  • Customize employee card use with spending controls
  • Online expense tracking
  • Pay with mobile wallets

Cardholder Experience

U.S. Bank ranked last out of eight card issuers in J.D. Power’s 2021 U.S. Small Business Credit Card Satisfaction Study. The bank scored 819 which was well below the average of 852 points.

As a U.S. Bank customer enrolled in online banking, you can receive free access to your TransUnion credit score which is updated once a month through the CreditView dashboard. You can speak to a U.S. Bank customer service representative at any time by calling 866-485-4545.

Security Features

The U.S. Bank Business Platinum card has the security features you'd expect in a business credit card. That includes:

  • Zero fraud liability
  • Chip technology
  • 24/7 fraud monitoring

You can also set up alerts to receive transaction notifications for your account. This can make managing your account and monitoring for fraud or suspicious activity easier.

Fees to Watch out For

Some cards waive both a balance-transfer fee and one for foreign transactions but the U.S. Bank Business Platinum is not among that group. Balance transfers will cost you 3% or $5, whichever is greater, while foreign transactions cost 3%.

Our Verdict

The U.S. Bank Business Platinum is worth a look mainly—or perhaps solely—if you're interested in a no-frills business credit card that offers an introductory 0% APR on both purchases and balance transfers for a very long period. Such an offer isn’t easy to find with a card that has no annual fee. 

On the other hand, if those conditions don’t apply to you, you'll probably want to consider other business credit cards. Even other business cards from U.S. Bank might be better choices, although keep in mind the bank’s below-par rating for customer satisfaction. 

The U.S. Bank Triple Cash Rewards Visa Business Card offers 3% cash back on eligible gas, EV charging, restaurant, office-supply store, and cell phone provider purchases, along with 1% cash back on all other purchases. But that card, like the U.S. Bank Business Platinum, charges foreign transaction fees, which makes either card a dubious choice for traveling or ordering from abroad.

Next Steps
For U.S. Bank Business Platinum Card
on U.S. Bank's Secured Site.
Compare This Card
See how this card compares to similar cards
U.S. Bank Business Platinum Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) 16.24% - 25.24% variable
Annual Fee $0
Rewards Earning Rate This card does not offer a rewards program.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.