Editor’s note: This is a recurring post with regularly updated card details.

The U.S. Bank Business Platinum Card is designed for businesses needing a long interest-free financing option without paying an annual fee. It offers a 0% introductory annual percentage rate (APR) on purchases and balance transfers for the first 20 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.

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.

Extended 0% APR period on purchases and balance transfers



Apply Now

On US Bank’s Secure Website

Intro APR

0% Intro APR on purchases and balance transfers for 20 billing cycles.

Regular APR

14.24% – 23.24% (Variable)

Credit Needed

Excellent/Good

  • Limited time offer: 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 14.24% – 23.24%.
  • U.S. Bank Business Platinum Card
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • Offers a long 0% APR introductory  period
  • 0% APR applies to both purchases and balance transfers
  • No annual fee
Cons
  • No introductory and ongoing rewards
  • Balance transfer fee is charged even during the introductory period
  • Excellent/good credit score needed to qualify
  • Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
  • Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Intro APR

0% Intro APR on purchases and balance transfers for 20 billing cycles.

Regular APR

14.24% – 23.24% (Variable)

Credit Needed

Excellent/Good

  • Limited time offer: 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 14.24% – 23.24%.
  • U.S. Bank Business Platinum Card
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • Offers a long 0% APR introductory  period
  • 0% APR applies to both purchases and balance transfers
  • No annual fee
Cons
  • No introductory and ongoing rewards
  • Balance transfer fee is charged even during the introductory period
  • Excellent/good credit score needed to qualify
  • Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
  • Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.

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.


Who the U.S. Bank Business Platinum Card Is Best For

  • Business owners looking to finance a large purchase or transfer a balance: The card offers a 0% introductory APR for the first 20 billing cycles on both purchases and balance transfers. It’s an excellent choice for making a large purchase or transferring a balance without having to pay any interest when paying a balance in full before the promotional period ends.
  • Business owners who frequently carry a balance: It comes with a low ongoing APR, which is beneficial if you need to carry a balance from time to time.
  • Business owners 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.

U.S. Bank Business Platinum Card Fees & Rates

APR

  • Introductory APR: 0% on purchases and balance transfers for the first 20 billing cycles
  • Ongoing APR: 14.24% to 23.24% variable, which will adjust with the prime rate
  • Cash advance APR: 28.24% variable
  • Penalty APR: 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

Specific Fees

  • Annual fee: None
  • Minimum interest charge: $1
  • Balance transfer fee: $5 or 3% of the transfer during the application, whichever is greater
  • Convenience check cash advance: $5 or 3%, whichever is greater
  • Cash advance ATM: $10 or 5%, whichever is greater
  • Cash advance fee: $10 or 5%, whichever is greater
  • Cash equivalent advance: $10 or 4%, whichever is greater
  • Foreign transaction fee: 3% of each foreign transaction
  • ExtendPay fees: Monthly fee not to exceed 1.6% of the original principal amount in an ExtendPay Plan or ExtendPay Loan
  • 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 U.S. Bank Business Platinum Card

  • In person: Go to the nearest U.S. Bank branch to pay your credit card bill. To find a U.S. Bank ATM or branch location near you, visit usbank.com.
  • Mail: Mail your check or money order through regular mail or overnight delivery.
  • Online/mobile banking: Set up either autopay or a one-time payment through the U.S. Bank website or mobile app.
  • Phone: Call the number found on the back of your card or (800) 285-8585.
  • Third-party: U.S. Bank accepts payments through a variety of third-party payment methods such as bill pay and wire transfers.

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 having this card is that you can take advantage of a 0% APR on purchases and balance transfers for the first 20 billing cycles, which is one of the longest interest-free periods available.

U.S. Bank Business Platinum Card Additional Features

Mobile & Online Banking

U.S. Bank offers multiple digital platforms and tools that can help you manage payments and stay ahead of cash flow needs. It offers access to a mobile app and a banking website, where cardholders can manage bank-related transactions anytime, anywhere. Cardholders can view their statement and transaction details, initiate bill payments and account transfers, and manage existing credit cards.

SinglePoint® Essentials

SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments. You can also set up messages and alerts, and you can add multiple user profiles to provide access to your partners or employees.

Fraud Protection

The 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

If you need to pay off a significant balance, you can take advantage of the U.S. Bank 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 those purchases over $100 that are made within 60 days prior to signing up for ExtendPay are eligible.

Pros & Cons of the U.S. Bank Business Platinum Card

U.S. Bank Business Platinum Card Alternatives

PNC Cash Rewards® Visa Signature® Business Credit Card

The PNC Cash Rewards® Visa Signature® Business Credit Card is one of this year’s leading small business credit cards, as it offers a low starting APR of 13.24%. In addition, it’s one of the few that offers fixed-rate rewards and 1.5% cash back on all eligible purchases, with no limit to how much you can earn. This is a great choice if the 9-month 0% APR period on purchases is enough and if you don’t need an interest-free financing option on balance transfers.

PNC Cash Rewards® Visa Signature® Business Credit Card

PNC Bank account holders who want to earn cash back rewards



Apply Now

On PNC’s Secure Website

Intro APR

0% for 9 billing cycles

Regular APR

13.24% to 22.24% Variable

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
  • No annual fee
  • Sign-up bonus
  • Low ongoing APR
Cons
  • Short 0% APR period
  • No 0% APR period on balance transfers
  • Online application not available for nonaccount holders
  • Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.  
  • Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
  • Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
Intro APR

0% for 9 billing cycles

Regular APR

13.24% to 22.24% Variable

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
  • No annual fee
  • Sign-up bonus
  • Low ongoing APR
Cons
  • Short 0% APR period
  • No 0% APR period on balance transfers
  • Online application not available for nonaccount holders
  • Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.  
  • Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
  • Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a great option if you want to earn rewards and take advantage of a 15-month 0% APR period on both balance transfers and purchases. It offers up to 5% cash back rewards on various spending categories, including hotel stays, travel, gas, dining, and more. Because of its generous rewards on gas purchases, it’s our overall best fuel business credit card.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

0% APR for 15 billing cycles



Apply Now

On US Bank’s Secure Website

Intro APR

0% for first 15 billing cycles

Regular APR

16.24% – 25.24% (Variable)

Credit Needed

Excellent/Good

  • Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner’s card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and electric vehicle charging stations, office supply stores, cellphone 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 Travel 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
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 16.24% to 25.24%.
  • No annual fee
  • Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • 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.
Intro APR

0% for first 15 billing cycles

Regular APR

16.24% – 25.24% (Variable)

Credit Needed

Excellent/Good

  • Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner’s card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and electric vehicle charging stations, office supply stores, cellphone 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 Travel 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
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 16.24% to 25.24%.
  • No annual fee
  • Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • 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.

American Express Blue Business CashTM

The American Express Blue Business CashTM is our top-recommended cash back business credit card because it provides a straightforward 2% cash back on up to $50,000 in purchases per calendar year, then 1% cash back thereafter, without the need to monitor spending categories. You can also earn a $250 statement credit after spending $3,000 with your card in the first three months as a welcome bonus. It features expanded buying power, allowing you to go over your credit limit based on your card usage, payment history, credit record, financial resources, and other factors. Plus, you can take advantage of the 12-month 0% APR period on purchases.

American Express Blue Business Cash™ 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.



Apply Now

on American Express Blue Business Cash™ Card’s secure website.

Intro APR

0% on purchases

Regular APR

16.24% – 24.24% Variable

Credit Needed

Good, Excellent

  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • 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.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% – 24.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
Pros
  • 0% intro APR
  • Welcome bonus
  • Fixed rate rewards
  • No 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.
Intro APR

0% on purchases

Regular APR

16.24% – 24.24% Variable

Credit Needed

Good, Excellent

  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • 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.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% – 24.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
Pros
  • 0% intro APR
  • Welcome bonus
  • Fixed rate rewards
  • No 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.

Bottom Line

The U.S. Bank Business Platinum Card is best for businesses needing to make a large purchase or transfer a balance since it offers a 0% introductory APR for 20 billing cycles. While this low-interest credit card doesn’t charge an annual fee, it doesn’t offer rewards. If you need a card with a rewards structure, you can find other options in our Credit Card Marketplace.

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