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U.S. Bank Business Platinum review

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A small business credit card with a long intro APR on balance transfers and purchases.’s rating: 3.1 / 5


  • Get this card if you want an intro APR on balance transfers and purchases.
  • Pick something else if you want cash back.
  • Apply with an excellent credit score of 740 or higher.


Annual fee


Intro purchase APR

for the first 20 billing cycles (then 9.99% to 17.99% variable)


Intro balance transfer

for the first 20 billing cycles (then 9.99% to 17.99% variable)

9.99% to 17.99%

Balance transfer APR (variable)


Product NameU.S. Bank Business Platinum
Card typeVisa
Annual fee$0
Purchase APR0% intro for the first 20 billing cycles (then 9.99% to 17.99% variable)
Balance transfer APR0% intro for the first 20 billing cycles (then 9.99% to 17.99% variable)
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate23.99% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Penalty APR29.99% fixed
Foreign transaction fee3% of the transaction value
Interest free periodUp to 24 days
Late payment feeUp to $40
Returned payment fee$35
Rates & feesrates & fees

Expert review

Kliment Dukovski

Review by

Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The U.S. Bank Business Platinum card main perks are the $0 annual fee and 20 billing cycles of 0% intro APR period on balance transfers and purchases.

Unfortunately, you won’t get to earn any welcome offer or rewards on your purchases, and you’ll pay foreign transaction fees if you use your card abroad. You could also lose your 0% intro APR period if you make one late or returned payment or if you exceed your credit limit.

Despite that, if your business needs payment flexibility and you’re looking for a credit card to help you with that, this could be a card worth considering.

The perks

  • Intro APR period.

    Get a 0% intro APR period on balance transfers and purchases for the first 20 billing cycles following your account opening. After that, a variable APR of 9.99% to 17.99% will apply. This could be ideal if you want to stack up on inventories or if you’re paying a high APR on another card.

  • No annual fee.

    Own this card without having to pay an annual fee.

  • Dedicated support service.

    You get 24/7 dedicated support service by business specialists.

You’ll also like

  • Card security.

    You get a hard-to-counterfeit chip card, which also comes with zero liability and fraud monitoring.

    • Spending controls.

      Set spending controls on your employees’ business cards based on location, time and dollar amount. You can also customize their due date or set up account alerts.

    Compare similar business credit cards

    Data indicated here is updated regularly
    Name Product Rewards Purchase APR Annual fee
    Ink Business Preferred® Credit Card
    3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
    15.99% to 20.99% variable
    100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That's $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®
    Ink Business Cash℠ Credit Card
    5% at office supply stores, on Internet, cable and phone up to $25,000 combined annually (then 1%), 2% on gas and dining up to $25,000 combined annually then 1% after that and on all other purchases
    0% intro for the first 12 months (then 13.24% to 19.24% variable)
    $500 bonus cash back after you spend $3,000 in the first 3 months.
    Ink Business Unlimited℠ Credit Card
    1.5% cash back on all purchases
    0% intro for the first 12 months (then 13.24% to 19.24% variable)
    $500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.
    United℠ Business Card
    2x miles on United, transit and rideshares, and at gas stations, office supply stores and restaurants, and 1x miles on all other purchases
    16.49% to 23.49% variable
    $0 intro annual fee for the first year ($99 thereafter)
    Earn 60,000 miles once after spending $3,000 in your first 3 months.
    Universal Premium Mastercard®
    3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network
    27.24% variable
    Up to $120
    Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network.

    Compare up to 4 providers

    What to watch out for

    • No signup bonus.

      Most cards come with a bonus once you meet certain spending criteria. Unfortunately, this card doesn’t have any bonuses.

    • Foreign transaction fee.

      Limit your credit card spending when traveling abroad to avoid paying a fee of 3% of the transaction. It may not seem like much, but it can quickly add up.

    • Penalty APR.

      Making a returned payment, exceeding your credit limit twice in a year or being five days late on a payment twice in a year will land you with a fixed penalty APR of 29.99%. To revert your rate back to the standard APR, you’ll need to make timely payments of at least the minimum amount due for six consecutive months and not exceed your credit limit during this time.

    • Other fees.

      You’ll pay fees for late payments, returned payments, going over your limit, cash advances and convenience check advances.

    • Loss of intro APR period.

      If you make a single late or returned payment, or if you exceed your credit limit, U.S. Bank may end your intro APR period and apply the standard or penalty APR.

    What size business is the U.S. Bank Business Platinum good for?

    Small businesses that want to make a large purchase of inventories or supplies could find this card useful. You’ll get to carry your balance interest free for 20 billing cycles, giving you a significant amount of time to pay off your initial purchases.

    Also, if your business is stuck paying a high APR on another card, you can transfer your balance and use the intro APR period to pay it off without interest.

    What should I know before I apply?

    To apply for the U.S. Bank Business Platinum, you need to live in a state that has a U.S. Bank branch. Also, you’ll need to provide information, such as:

    • Business name and address
    • Years in business and type of business
    • Expected monthly transactions
    • Personal information of the company owner

    What credit score do I need?

    To increase your chances of approval, apply with an excellent business credit score of 740 or higher.

    Which credit bureau does U.S. Bank pulls my credit from?

    Most of the time, U.S. Bank will pull your credit from TransUnion. But sometimes, it may pull your credit from either Experian or Equifax.

    What do customers say about the U.S. Bank Business Platinum?

    Customers who own this card are generally happy with the size of the credit limit they received. And the main reason many cardholders choose this card is to make balance transfers.

    The Better Business Bureau rates the U.S. Bank with a B. Most of the negative feedback on the BBB website concerns poor customer service and hidden costs. To avoid unpleasant situations, make sure you read the card’s terms.

    How to apply for the U.S. Bank Business Platinum?

  1. Go to the provider's site and click Apply now.
  2. Complete the application form with information about yourself and your business.
  3. Review your application and submit it.

How long will it take to get my U.S. Bank Business Platinum?

U.S. Bank usually makes a decision within minutes. If you haven’t heard back in a few days, call 1-800-947-1444 and choose option 1 to get a status on your application.

Upon approval, your card should arrive in the mail within 7 to 10 business days.

I got the card. Now what?

  • Download the U.S. Bank mobile app Use it to monitor your accounts, make deposits or send money with Zelle®. You can also set up automatic payments, change your ATM PIN and more.
  • Make timely payments. Late payments could cost you $40 in fees — and U.S. Bank may impose a penalty APR of 29.99%, which can apply to your account for six months or more.
  • Set spending controls. Take advantage of employer resources to make sure your employees don’t spend more than they should. You can also set spending controls based on time and place, and you can track their spending online.
  • Contact customer service. For any questions, call U.S. Bank customer service at 1-800-374-7979.

Bottom line

The U.S. Bank Business Platinum could be a decent addition to any small business that’s looking to use an intro APR period on balance transfers and purchases without paying an annual fee.

However, if you’re not sure whether this card is the right one for your business, feel free to check out other business credit cards and find the best one that suits your needs.

Frequently asked questions

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