WalletHub Rating
4.3/5
U.S. Bank Business Platinum Card has a rating of 4.3/5 according to our proprietary credit card rating system. This rating reflects how appealing U.S. Bank Business Platinum Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Business - Lower Cost of Existing Debt'. To break it down further, U.S. Bank Business Platinum Card earned a score of 5.0/5 for Fees, 4.4/5 for Cost, 4.7/5 for APR, and 3.2/5 for User Reviews.Info about the U.S. Bank Business Platinum Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.2/5
187 reviewsRead and write reviews
Editor’s Review
3.5/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
4.6
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Business - Lower Cost of Existing Debt” for this card.
Fees
5.0
Cost
4.4
APR
4.7
4.6/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit
Annual Fee
$0
APR on Purchases
0% intro APR for 18 billing cycles, 17.24% - 26.24% (V) APR after that
Balance Transfer
0% intro APR for 18 billing cycles, 17.24% - 26.24% (V) APR after that
Balance Transfer Fee
U.S. Bank Business Platinum Card's Additional Info
0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24% - 26.24%.
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
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Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
September 13th, 2024
Fact Checked by Alina Comoreanu
Senior Researcher
U.S. Bank Business Platinum Card Pros & Cons
No membership fees
0% intro APR on purchases
0% intro APR on balance transfers
No rewards
No initial rewards bonus
Balance transfer fee
High regular APR
U.S. Bank Business Platinum Card Review
3.5 / 5
- No rewards. A business credit card’s two main attractions are helpful expense-tracking tools and business-oriented rewards that can be earned on employee spending, in addition to your own. With absolutely no rewards, the U.S. Bank Business Platinum card doesn’t bring nearly enough to the table.
- Great 0% intro period. The U.S. Bank Business Platinum Card’s 0% introductory APRs on purchases and balance transfers, which last for the first 18 billing cycles your account is open, are its most obvious benefits. However, business credit card issuers are allowed to increase the interest rate on a balance whenever they want, making such cards rather dangerous to carry a balance on. This is unlikely to happen during the 0% term, but since longer 0% periods are available from general-consumer cards, there’s really no reason to risk it. That’s especially true considering the Business Platinum Card’s regular APR of 17.24% - 26.24% (V) –themarket average for people with excellent credit is18.2%.
- No annual fee. The Platinum U.S. Bank Business Credit Card is roughly $22.22 per year cheaper than the average card, thanks to its lack of an annual fee. But there are more than 1,000 no annual fee credit cards currently available, including more than 125 branded for business use.
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Compare The U.S. Bank Business Platinum Card vs. Popular Alternatives
 U.S. Bank Business Platinum Card |  IHG One Rewards Premier Business Credit Card |  Ink Business Cash® Credit Card |
|---|---|---|
4.3WalletHub Rating WalletHub Rating 4.3 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 3.5 User Reviews 3.2 Market Comparison 4.6 fees: 5.0 cost: 4.4 APR: 4.7 | 4.4WalletHub Rating WalletHub Rating 4.4 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Airline Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 Market Comparison 4.3 fees: 2.9 rewards: 4.8 cost: 4.7 Other Features: 0.0 | 4.0WalletHub Rating WalletHub Rating 4.0 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Finance New Purchases." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.7 Market Comparison 3.9 fees: 4.0 rewards: 5.0 cost: 3.8 APR: 3.9 |
annual fee$0 | annual fee$99 | annual fee$0 |
Purchase Intro APR0%for18 billing cycles | Purchase Intro APRNot Offered | Purchase Intro APR0%for12 months |
transfer intro apr0% for 18 billing cycles|Transfer Fee: 3% (min $5) | transfer intro aprNot Offered | transfer intro aprNot Offered |
Regular APR17.24% - 26.24% (V) | Regular APR21.49% - 28.49% (V) | Regular APR18.49% - 24.49% (V) |
rewards rate | rewards rate | rewards rate |
bonus offer | bonus offer | bonus offer |
Sponsored Apply Now | Sponsored Apply Now |
Questions & Answers
Can't find what you are looking for? Submit your question about U.S. Bank Business Platinum Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
Upvotes
What is the U.S. Bank Business Platinum credit limit?
Reply
Chip Lupo, Credit Card Writer
@CLoop
The U.S. Bank Business Platinum Card credit limit is usually around $5,000to start, according to forum posts, and some cardholders report limits as high as $35,000. U.S. Bank does not include any specific U.S. Bank Business Platinum Card credit limit information in the card's terms, though.
For the most part, U.S. Bank Business Platinum Card credit limits depend on each applicant's overall creditworthiness. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.
That said, the U.S. Bank Business Platinum Card credit limit that you start with isn't necessarily your credit line forever. You can ask to get a credit limit increase by calling the U.S. Bank customer service number on the back of your card, but it's best not to ask more than once a year. U.S. Bank will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with U.S. Bank.
Upvotes
What is the U.S. Bank Business Platinum Card credit score requirement?
Reply
Chip Lupo, Credit Card Writer
@CLoop
The U.S. Bank Business Platinum Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the U.S. Bank Business Platinum Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the U.S. Bank Business Platinum Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment...
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7
Upvotes
What credit score is needed for the U.S. Bank Business Platinum credit card?
Reply
7
Elias Chambers
@elias_chambers
You need to have excellent credit (i.e. a credit score of at least 750) to get the U.S. Bank Business Platinum credit card.
2
4
Upvotes
What credit bureau does US Bank Business Platinum Card use for approval?
Reply
4
Hannah Copley
@hannah_copley
The U.S. Bank Business Platinum card mainly uses the TransUnion credit bureau for approval.
That doesn't mean that the other major credit bureaus, Experian and Equifax are not used. U.S. Bank might pull your credit from either (or all) of them.
As for reporting, U.S. Bank reports its small business credit cards to Dun and Bradstreet (D&B) and Small Business Financial Exchange (SBFE).
2
View more answers
3
Upvotes
What happens if it's not paid off in the 12 months?
Reply
3
WalletHub
@WalletHub
If you carry a balance on the card after the promotional offer, that outstanding balance would be subject to the card's regular APR. Hope this helps.
3
1
Does the U.S. Bank Business Platinum card report to the business credit bureaus?
Reply
2
Maxine Phillips
@maxine_phillips
Yes, the U.S. Bank Business Platinum card reports to the business credit bureaus.
U.S. Bank reports their small business credit cards to Dun and Bradstreet (D&B) and Small Business Financial Exchange (SBFE).
1
2
Upvotes
Does the U.S. Bank Business Platinum card report to the personal credit bureaus?
Reply
2
Lilliam Ivory
@lilliam_ivory
Your U.S. Bank Business Platinum card activity is reported to the consumer credit bureaus on a monthly basis.
2
2
Upvotes
Does this card accept co-applicants?
Reply
2
1
Upvote
How much is the starting U.S. Bank Business Platinum credit limit?
Reply
1
WalletHub
@WalletHub
US Bank does not disclose the minimum credit limit assigned to the US Bank Business Edge Platinum applicants once approved.
Your credit limit will be determined based on your creditworthiness and will be disclosed when your account is opened.
Upvotes
How can I cancel a U.S. Bank Business Platinum Card application?
Reply
Chip Lupo, Credit Card Writer
@CLoop
You can cancel a U.S. Bank Business Platinum Card application directly by calling U.S. Bank's customer service line at 1 (866) 485-4545. You will need to act quickly to ensure your cancellation request is accepted before U.S. Bank approves or rejects your application.
Credit card issuers are required to respond to applications within 30 days, but U.S. Bank often processes online applications immediately. Unfortunately, this doesn't leave you with a lot of time to cancel a U.S. Bank Business Platinum Card application after you...
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2024 WalletHub Awards
U.S. Bank Business Platinum Card is an Editor's Pick for:
Best Credit Card Rates
Best Business Credit Cards
Best Startup Business Credit Cards
Best Business Credit Cards for an LLC
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U.S. Bank Business Platinum Card Reviews
Share your insights and review for the U.S. Bank Business Platinum Card
5
14%
4
30%
3
34%
2
15%
1
7%
3.2
187 reviews
187 reviews
What's Your Rating?
Hh Du
@review111
1 Star Rating
As a small business owner, you should consider other options. They are extremely difficult to work with. I just wasted two hours talking to three or four customer service representatives to get one question answered and make a single payment. I found myself repeatedly having to correct their answers as multiple people calculated incorrectly and gave me the wrong payment info. Finally, I just tallied it up for them because they couldn't figure out simple math. This has been a consistent experience each time I call in. I'm very conscious of time as a small business owner. Simple tasks should be able to be done with competence and efficiently. I do not have the time to guide other businesses on how to perform their jobs while working 80 hours a week for my own business. Secondly, I was instantly approved by Chase for a credit line significantly higher for my new business. When I inquired with US Bank as to why they gave me such a subpar credit line that I can barely do anything with as a business owner, they had no explanation, and my credit is excellent—800. Thirdly, I applied for a Visa, and they sent me a Mastercard instead. When I questioned the bait and switch, they also had no explanation. It was a waste of a hard credit inquiry. Go with the larger banks that are more willing to work with small business owners and able to support you through start up. Their online portal also has technical issues.
Comment
Andrei Grant
@dreisus
1 Star Rating
After reading all the reviews, I decided to give it a try. I have a credit score over 800 with established credit, so I unfroze my credit and applied. They said my application was in the review process. I called in to find out if this is normal, as all the other business credit cards I have were instantly approved. After being transferred repeatedly, I was told that I was denied because the business hasn't established any credit. I asked, "Isn't that why I'm a guarantor?" I detected an attitude in the underwriter's voice, so I just let it go. It was a wasted inquiry. I'll just stick with the big three: Chase, Wells Fargo, and Bank of America.
Comment
Neal Boyd
@NBorsh
2 Star Rating
I received a letter in the mail an approval letter. I had another credit card on 0% expiring with over 40,000 dollars on it. After seeing this was a platinum card and how it gave me a 7 day window to apply. I checked to see if EIN was all that was needed. It stated they needed my SSN to prove who I was only nothing to do with a credit check on my own credit. I applied and it not only checked my personal credit, it gave me only 3,000 dollars! I called a representative before I sent it in, who told me it would be at least 20,000. After all it states apply so you can transfer your bigger bills for 15 mo. Interest free savings. What a slap in the face, I have never been given such a small amount of credit in 15 years of running my business. Last time on my personal credit was 20 years ago when Home Depot first started 2500, but later went up to 60,000. My personal credit is 835 and this is how you get treated by US bank, maybe it’s just me but this sucks.
Comment
2
Sarah Martin
@lopsidedly
1 Star Rating
allows extreme over the credit line charges and then charges you forever. changes cardholder agreement terms every other month. unethical business practices. expects a business to keep track of credit line with multiple users
Comment
3
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