US Bank Business Platinum Review
The U.S. Bank Business Platinum Card is tailored for business owners. This review provides insights into the card's features, annual fees, and how it can benefit your business expenses.
The U.S. Bank Business Platinum credit card is a straightforward business credit card designed for businesses that want simplicity and cost-effectiveness. Here's a review of the U.S. Bank Business Platinum card, highlighting its key features, benefits, and drawbacks:
Key Features:
No Annual Fee: The U.S. Bank Business Platinum card does not have an annual fee, making it a budget-friendly option for small businesses.
Introductory 0% APR: This card often comes with a 0% introductory APR on purchases for an extended period (typically for the first 12 billing cycles), which can be helpful for financing business expenses or carrying a balance without incurring interest charges.
Employee Cards: Business owners can request additional employee cards at no extra cost, which can simplify expense tracking and help manage team spending.
Expense Management Tools: U.S. Bank provides various tools and resources to help businesses manage their expenses, including expense tracking, reporting, and account management features.
Benefits:
No Annual Fee: The absence of an annual fee makes this card a cost-effective choice for businesses looking to minimize expenses.
Introductory 0% APR: The introductory 0% APR on purchases can be advantageous if you need to finance significant business expenses or carry a balance without interest for the initial period.
Employee Cards: The ability to provide employee cards at no additional cost can be beneficial for business owners who want to streamline expense tracking and maintain control over team spending.
Drawbacks:
Limited Rewards: The U.S. Bank Business Platinum card does not offer a rewards program, so you won't earn cashback or points for your business spending. If rewards are a priority, this card may not be the best choice.
Limited Features: This card is fairly basic and lacks some of the advanced features and perks that you might find with other business credit cards, such as travel rewards or premium benefits.
No Introductory Bonus: Unlike many other business credit cards, the U.S. Bank Business Platinum card typically does not offer an introductory bonus for new cardholders.
Credit Approval: As with any credit card, approval is based on your creditworthiness, and not all applicants may be approved.
In conclusion, the U.S. Bank Business Platinum credit card is a straightforward choice for businesses that prioritize cost-effectiveness and simplicity over rewards. It's a no-frills card with no annual fee and an introductory 0% APR on purchases, which can be useful for managing business expenses. However, it doesn't offer any rewards, and it lacks some of the features and benefits you might find with other business credit cards. If you're looking for a basic, no-fuss card for your business, the U.S. Bank Business Platinum card could be a suitable option.
A detailed examination of the U.S. Bank Business Platinum Card..
The U.S. Bank Business Platinum Card is a business credit card that offers a variety of features and benefits, including:
- 0% intro APR on purchases for 12 months, then a variable APR of 15.49% - 22.49% applies. This is a generous 0% intro APR offer, which can be helpful for businesses that need to carry a balance for a short period of time.
- 1.5% cash back on all purchases. This is a competitive cash back rate, especially for a business credit card.
- No annual fee. This is a great feature, as it means that you can keep all of the rewards that you earn.
- Business benefits. These benefits include purchase protection, extended warranty protection, travel accident insurance, auto rental collision damage waiver, cell phone protection, and trip cancellation/interruption insurance. These benefits can provide you with peace of mind when you're traveling or making purchases with your credit card.
Here is a more detailed examination of the card's features and benefits:
0% intro APR on purchases for 12 months
This is a generous 0% intro APR offer, which can be helpful for businesses that need to carry a balance for a short period of time. For example, if you need to purchase new equipment for your business, you could use this card to take advantage of the 0% intro APR offer and pay off your balance over time without incurring any interest charges.
1.5% cash back on all purchases
This is a competitive cash back rate, especially for a business credit card. Many business credit cards offer lower cash back rates, or they may only offer cash back on certain types of purchases. With the U.S. Bank Business Platinum Card, you can earn 1.5% cash back on all of your purchases, regardless of the merchant or category.
No annual fee
This is a great feature, as it means that you can keep all of the rewards that you earn. Many business credit cards have annual fees, which can eat into your rewards earnings.
Business benefits
The U.S. Bank Business Platinum Card offers a variety of business benefits, including purchase protection, extended warranty protection, travel accident insurance, auto rental collision damage waiver, cell phone protection, and trip cancellation/interruption insurance. These benefits can provide you with peace of mind when you're traveling or making purchases with your credit card.
Overall
The U.S. Bank Business Platinum Card is a great option for businesses of all sizes. It offers a generous 0% intro APR offer, a competitive cash back rate, no annual fee, and a variety of business benefits.
Here is a summary of the card's pros and cons:
Pros:
- 0% intro APR on purchases for 12 months
- 1.5% cash back on all purchases
- No annual fee
- Business benefits
Cons:
- Variable APR can be high after the intro period
- 3% foreign transaction fee
Overall, the U.S. Bank Business Platinum Card is a great option for businesses of all sizes. It offers a generous 0% intro APR offer, a competitive cash back rate, no annual fee, and a variety of business benefits.