Money Analysed

Save Money and Boost Control with the US Bank Business Platinum Card

U.S. Bank Business Platinum Card Overview

Are you a small business owner looking for a credit card that can help your business thrive? The U.S. Bank Business Platinum Card might just be the solution you’re looking for.

This card offers an impressive intro APR period and a $0 annual fee, making it an attractive option for those who want to save money.

Intro APR Offer and $0

Annual Fee

The U.S. Bank Business Platinum Card offers a long intro APR period, which can be a huge benefit for small business owners who need to make large purchases. With this card, you’ll get 0% APR on purchases and balance transfers for the first 15 billing cycles, which is one of the longest intro APR periods available.

This can help you save money on interest charges and keep your cash flow healthy. In addition, the U.S. Bank Business Platinum Card comes with a $0 annual fee, which is a rare feature for a business credit card.

This means you can use the card for as long as you want without worrying about annual fees, which can add up quickly, especially if you have multiple employees using credit cards for business expenses.

No Welcome Bonus or Rewards Program

While the U.S. Bank Business Platinum Card offers many benefits, it doesn’t come with a welcome bonus or rewards program. This may be a drawback for some business owners who want to earn points or cash back on their purchases.

However, if you’re looking for a credit card that can save you money on interest charges and annual fees, the lack of rewards may not be a major issue. Who Should Get the U.S. Bank Business Platinum Card?

Small business owners looking for long intro APR periods and benefits such as purchase and extended warranty coverage should consider getting the U.S. Bank Business Platinum Card. This card can help you save money on interest charges, and the purchase coverage and extended warranty benefits can provide added peace of mind.

Small Business Owners

The U.S. Bank Business Platinum Card is a great option for small business owners who want to save money on their credit card expenses. With its $0 annual fee and long intro APR period, this card can help you keep more money in your business’s bank account.

Plus, since it’s specifically designed for businesses, you can get additional cards for your employees and set spending limits to help you manage expenses more effectively.

Intro APR

The long intro APR period on the U.S. Bank Business Platinum Card can be a major benefit for small business owners. With 0% APR on purchases and balance transfers for the first 15 billing cycles, you can buy the things your business needs without having to worry about high interest charges.

This can be a huge advantage if you need to make a large purchase, such as new equipment or inventory, and don’t have the cash on hand to pay for it upfront.

Purchase and Extended Warranty Coverage

The U.S. Bank Business Platinum Card also comes with purchase and extended warranty coverage, which can help protect your business’s assets. The purchase coverage offers protection for up to 120 days against theft or damage, which means you may not have to foot the bill if something you buy with the card is stolen or damaged.

The extended warranty coverage doubles the original manufacturer’s warranty, up to an additional year, on eligible items that you purchase with the card. This can save you money on repair costs if something goes wrong with your business’s equipment or other assets.

Annual Fee

One of the biggest benefits of the U.S. Bank Business Platinum Card is its $0 annual fee. Unlike many other business credit cards, this card won’t cost you anything to use every year.

This can be especially beneficial for small businesses that are just starting out and need to keep their expenses as low as possible. In conclusion, the U.S. Bank Business Platinum Card offers a number of benefits for small business owners, including a long intro APR period, purchase and extended warranty coverage, and a $0 annual fee.

While it doesn’t offer a rewards program or welcome bonus, the money you save on interest charges and annual fees can make up for it. If you’re in the market for a new business credit card, the U.S. Bank Business Platinum Card is definitely worth considering.

Card Basics: Everything You Need to Know About the U.S. Bank Business Platinum Card

When it comes to choosing a credit card for your business, there are many factors to consider from the type of card to the annual fee and rewards program, if offered. The U.S. Bank Business Platinum Card is a popular choice for business owners looking to save money on interest charges and annual fees.

Here’s everything you need to know about this card’s basics:

Type of Card

The U.S. Bank Business Platinum Card is a business credit card that also offers a balance transfer option. This means you can use the card for your business expenses while also transferring balances from other high-interest credit cards.

This can be a great way to consolidate your debt and save money on interest charges.

Issuer

The U.S. Bank Business Platinum Card is issued by U.S. Bank, a large financial institution based in Minneapolis. U.S. Bank is known for its business banking services, which include credit cards, loans, and cash management solutions.

Network

The U.S. Bank Business Platinum Card is a Visa credit card, which means it’s accepted at millions of locations worldwide. Visa is one of the most widely accepted credit card networks, making it a convenient option for business owners who travel frequently.

Annual Fee

One of the biggest advantages of the U.S. Bank Business Platinum Card is its $0 annual fee. This means you won’t have to pay anything to use the card every year.

This can save you hundreds of dollars in fees, especially if you have multiple employees using credit cards for business expenses.

Intro Bonus

The U.S. Bank Business Platinum Card offers an impressive intro bonus 0% intro APR for 18 billing cycles on purchases and balance transfers. This means you won’t be charged any interest on purchases or balance transfers for the first 18 billing cycles.

This can give you plenty of time to pay off your balances without accruing any interest charges.

Recommended Credit Score

To qualify for the U.S. Bank Business Platinum Card, you’ll typically need an excellent or good credit score. This means you should have a credit score of at least 670 to be considered for the card.

However, keep in mind that other factors such as your income, debt-to-income ratio, and credit history will also be taken into account.

Foreign Transaction Fee

If you plan on using the U.S. Bank Business Platinum Card for purchases outside of the United States, you should be aware of the foreign transaction fee. This fee is 3% of the purchase amount, which can add up quickly if you’re traveling frequently.

If you often travel overseas for business purposes, you may want to consider another card that doesn’t charge this fee. U.S. Bank Business Platinum Card Benefits and Perks

In addition to its low annual fee and intro bonus offer, the U.S. Bank Business Platinum Card offers a number of benefits and perks for business owners:

Free Employee Cards

With the U.S. Bank Business Platinum Card, you can get free employee cards for your employees. This can be a great way to manage your business expenses more effectively and keep track of your employees’ spending.

You can also set individual spending limits for each card, which can help you stay within your budget.

Introductory APR Offer on Balance Transfers and Purchases

As we mentioned earlier, the U.S. Bank Business Platinum Card offers an introductory APR offer on balance transfers and purchases. This can be a major benefit for small business owners who need to make large purchases or consolidate their debt.

With 0% intro APR for 18 billing cycles, you can save money on interest charges and keep your cash flow healthy. U.S. Bank ExtendPay Program

The U.S. Bank Business Platinum Card also offers the U.S. Bank ExtendPay program, which allows you to pay for large purchases over time by splitting them into smaller payments with a fixed monthly fee.

This can be a great option if you need to make a large purchase but don’t have the cash on hand to pay for it upfront.

Visa Benefits

As a Visa credit card, the U.S. Bank Business Platinum Card also comes with a variety of Visa benefits. These benefits can include travel and emergency assistance, extended warranty protection, auto rental collision damage waiver, and more.

Be sure to check with Visa to see which benefits are included with your card.

Final Thoughts

The U.S. Bank Business Platinum Card is a great option for small business owners who want to save money on interest charges and annual fees. With its $0 annual fee and 0% intro APR offer on purchases and balance transfers, this card can help you keep more money in your business’s bank account.

Plus, with benefits such as free employee cards and the U.S. Bank ExtendPay program, this card can help you manage your business expenses more effectively. Drawbacks to the U.S. Bank Business Platinum Card

While the U.S. Bank Business Platinum Card has many benefits, there are also some drawbacks that prospective cardholders should be aware of:

No Welcome Bonus

One of the biggest drawbacks of the U.S. Bank Business Platinum Card is the lack of a welcome bonus. Many other business credit cards offer sign-up bonuses that can be worth hundreds of dollars in cash back, points, or statement credits.

Without a welcome bonus, the U.S. Bank Business Platinum Card may not be as appealing to some business owners.

No Rewards Program

In addition to the lack of a welcome bonus, the U.S. Bank Business Platinum Card also doesn’t offer a rewards program. This means you won’t earn any cash back, points, or miles on your purchases.

If you’re looking for a credit card that can help you earn rewards on your business expenses, you’ll need to consider another card.

Foreign Transaction Fees

Another drawback of the U.S. Bank Business Platinum Card is the foreign transaction fee. If you plan on using the card for purchases outside of the United States, you’ll be charged a fee of 3% of the purchase amount.

If you frequently travel overseas for business purposes, you’ll want to look for a card that doesn’t charge foreign transaction fees. U.S. Bank Business Platinum Card FAQs

If you’re considering the U.S. Bank Business Platinum Card, you may have some questions about the card.

Here are some frequently asked questions that can help you make an informed decision:

What Credit Score is Required for the Card? To qualify for the U.S. Bank Business Platinum Card, you’ll typically need an excellent or good credit score.

This means your credit score should be at least 670 or higher. However, keep in mind that other factors, such as your income, your payment history, and your credit utilization rate, will also be considered.

Is It Difficult to Get Approved for the Card? While it can be challenging to get approved for any credit card, the U.S. Bank Business Platinum Card isn’t necessarily harder to get than other business credit cards.

However, if you have a low credit score or a limited credit history, you may have trouble getting approved. Is the U.S. Bank Business Platinum Card a Good Credit Card?

Whether or not the U.S. Bank Business Platinum Card is a good credit card depends on your individual needs. If you’re looking for a card that can help you save money on interest charges and annual fees, this card is a great option.

However, if you’re looking for a card with a rewards program or a welcome bonus, you’ll need to consider other cards. What Does the Card Cost?

The U.S. Bank Business Platinum Card is an affordable credit card, with a $0 annual fee. However, keep in mind that you may incur fees for balance transfers, late payments, and foreign transactions.

Be sure to read the card’s terms and conditions carefully to understand all the fees associated with the card.

Final Thoughts

The U.S. Bank Business Platinum Card is a great option for small business owners who want to save money on interest charges and annual fees. If you can overlook the lack of a welcome bonus and rewards program, this card can be a valuable tool for managing your business expenses.

However, if you plan on using the card for purchases outside of the United States, be sure to factor in the foreign transaction fee. And as always, be sure to read the card’s terms and conditions carefully before applying.

Other Cards to Consider

If the U.S. Bank Business Platinum Card isn’t the right fit for your business, there are other credit cards to consider. Here are two options to explore:

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

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard is a cashback credit card that can be a great option for small business owners who want to earn rewards on their purchases.

With this card, you’ll earn 3% cash back rewards on eligible gas, office supply, and cell phone/service provider purchases. You’ll also earn 1% cash back rewards on all other eligible purchases.

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard also comes with a sign-up bonus: earn a $500 cash back bonus after you spend $4,500 in eligible net purchases on the card within the first 150 days of account opening. In addition, the card offers a 0% intro APR on purchases and balance transfers for the first 15 months (after that, a variable APR of 14.24% – 24.24% applies).

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard has an annual fee of $0 for the first year and $95 thereafter. However, the rewards and sign-up bonus can help offset this fee.

Wells Fargo Business Platinum Credit Card

Similar to the U.S. Bank Business Platinum Card, the

Wells Fargo Business Platinum Credit Card offers a long intro APR period on purchases and balance transfers. With this card, you’ll get a 0% intro APR for the first 18 months on purchases and balance transfers.

After that, a variable APR of 13.15% – 25.24% applies. The

Wells Fargo Business Platinum Credit Card also comes with a rewards program.

You’ll earn 1.5% cash back rewards on all eligible purchases, with no caps or limits on the rewards you can earn. You can also earn bonus rewards on purchases made through Wells Fargo’s Earn More Mall.

In addition, the

Wells Fargo Business Platinum Credit Card offers free employee cards, purchase protection, and travel and emergency assistance services. The card has an annual fee of $0.

Final Thoughts

Choosing the right credit card for your business can be a daunting task, but there are many options available. The U.S. Bank Business Platinum Card is a solid choice for small business owners who want to save money on interest charges and annual fees, but if you’re looking for a card with rewards and sign-up bonuses, the U.S. Bank Business Triple Cash Rewards World Elite Mastercard and the

Wells Fargo Business Platinum Credit Card are both worth considering.

Be sure to read the terms and conditions of each card carefully to make an informed decision. In conclusion, choosing the right business credit card for your small business requires careful consideration and research.

The U.S. Bank Business Platinum Card can be a money-saving option for those looking for long intro APR periods and no annual fees. However, the lack of rewards and foreign transaction fees can be drawbacks.

Alternative options such as the U.S. Bank Business Triple Cash Rewards World Elite Mastercard and the

Wells Fargo Business Platinum Credit Card offer rewards and other benefits to consider. Ultimately, it’s important to read the terms and conditions and choose a card that fits your business’s financial needs.

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