U.S. Bank Business Platinum Card Features and Fees

The U.S. Bank Business Platinum Card is a solid choice for business owners who want to earn rewards and benefits. It offers a generous 5x points on cell phone bills and internet services.

One of the standout features of this card is its cell phone protection benefit, which can cover up to $600 per claim in repairs or replacements. This can be a huge help in case your phone is damaged or stolen.

The card also offers a $0 annual fee for the first year, which can be a nice perk for businesses on a budget. After that, the fee is $595.

The U.S. Bank Business Platinum Card offers a range of benefits and features that can help you manage your business expenses effectively.

You'll enjoy 0% intro APR on purchases for 18 billing cycles, giving you time to pay off your balance without incurring interest charges.

The regular purchase APR ranges from 16.99% to 25.99% Variable, so be sure to pay off your balance before the intro APR period ends to avoid higher interest rates.

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One of the standout features of this card is its zero fraud liability, which means you won't be held responsible for any unauthorized charges.

The annual fee is $0, which is a great perk for businesses on a budget.

Here are some key fees to be aware of:

The U.S. Bank Business Platinum Card offers a range of benefits and features that make it an attractive choice for business owners.

One of the key benefits is the $0 annual fee for the first year, and then $195 after that. This can be a significant cost savings for businesses that use the card frequently.

You can earn 1.5% cash back on all purchases, which can add up quickly, especially for businesses with high expenses.

The card also offers a 25% points bonus when you redeem for travel, which can be a great way to get more value out of your rewards.

You can earn 25% more rewards when you redeem for travel, making it a great option for businesses that travel frequently.

The card also offers a 0% introductory APR for 12 billing cycles, which can be a big help for businesses that need to finance large purchases.

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The U.S. Bank Business Platinum Card has a welcome offer of $500 cash back after spending $4,500 on purchases in the first 150 days of opening your account.

You won't have to worry about an annual fee, which is a nice perk for small business owners on a budget. The card also allows you to add employee cards without any additional cost.

There is a foreign transaction fee of 3% of each foreign purchase or foreign ATM advance transaction in U.S. Dollars, so be mindful of that when traveling abroad.

If you're struggling to pay off a large purchase, the ExtendPay option is available, which allows you to pay a fixed monthly fee of up to 1.6% of the original balance each month without incurring interest charges.

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The APR on purchases can be 0% intro APR for 18 billing cycles, but after that, it's a range of 16.99% - 25.99% (V) APR.

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You'll have to pay a fee if you choose to transfer a balance of 3% of each transfer amount with a $5 minimum.

The intro APR on purchases is also sometimes referred to as a competitive introductory rate.

If you carry a balance on the card after the promotional offer, that outstanding balance would be subject to the card's regular APR, which is 16.24% - 25.24% Variable APR on outstanding balances.

In some cases, you might have to pay a fee if you choose to transfer a balance, but the APR on purchases is still 0% for the first 18 billing cycles.

The APR on purchases after the promotional offer can be a range of 16.24% - 25.24% Variable APR, which is the card's regular APR.

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All U.S. Bank business credit cards offer contactless chip technology, allowing for enhanced security and touch-free payments at millions of retail store locations that accept contactless payments.

You can use your U.S. Bank business credit card for contactless payments at retail store locations that accept this technology.

The U.S. Bank Business Platinum Card doesn't charge an annual fee, which is a significant cost savings for business owners.

If you're planning to add employee cards, you won't have to pay anything extra for them, which is a convenient perk.

To qualify for the $500 cash back welcome offer, you'll need to spend $4,500 on purchases within the first 150 days of opening your account, so be sure to plan accordingly.

The foreign transaction fee is a significant cost to consider when using your credit card abroad. U.S. Bank Business Platinum Card charges a 3% fee on each foreign purchase or foreign ATM advance transaction in U.S. Dollars.

It's essential to factor this fee into your travel budget to avoid any surprises. This fee is applied to every transaction made outside of the US, so it's crucial to be aware of it before making any purchases or withdrawals.

With the U.S. Bank Business Platinum Card, you can earn rewards and incentives that make your business expenses more manageable. You can earn up to $750 in cash back by spending $6,000 on the account owner's card in the first 180 days of opening your account.

Earning rewards is easy, with 3% cash back on eligible purchases at gas and EV charging stations, office supply stores, cell phone service providers, and restaurants. Plus, you'll get an annual $100 statement credit for monthly software service purchases like FreshBooks or QuickBooks.

One of the standout features of this card is Real-Time Rewards, which allows you to instantly redeem points toward a credit card purchase. Simply make a purchase and reply 'REDEEM' to the text message you'll receive to complete the redemption.

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Earning 75,000 bonus points is a great way to boost your rewards, and it's achievable with a specific spending goal. You'll need to spend $7,500 in eligible purchases on the account owner's card within the first 120 days of opening your account.

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The bonus points can be redeemed for up to $750 in rewards, which is a significant amount of cash back. This is a great incentive to get you started with your new card.

Earning 2X points in the top 2 categories where you spend the most is a great feature, as it automatically tracks your spending habits and rewards you accordingly. This means you'll earn double points on your regular purchases.

You won't have to worry about an annual fee for the first year, and employee cards also come with no annual fee. This is a great perk for small business owners or those with multiple cards.

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Earning 60,000 bonus points is a great incentive to spend $6,000 on the Account Owner's card in the first 180 days of opening your account.

This can be a significant reward, especially if you're already planning to make large purchases for your business.

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Earn 5X points on prepaid hotel and car rentals booked directly in the Rewards Center, which can add up quickly.

Travel, including airfare, hotels, gas and EV charging stations, earns 4X points, up to $150,000 in combined annual spend.

Dining, takeout, restaurant delivery and cell phone services earn 2X points, making it a great option for business owners who frequently dine out or have large cell phone bills.

All other purchases earn 1X point, so it's a good idea to make the most of the higher earning categories.

The U.S. Bank Business Platinum Card offers this reward, making it a great option for business owners who want to earn bonus points.

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Shopping Deals is a great way to earn extra rewards. You can use your U.S. Bank Business Credit Card to earn rewards at 1,100+ stores online.

This means you can earn rewards on your everyday purchases, not just at a few select stores. With so many options, it's easy to make the most of your rewards.

You can shop online at a wide range of stores, from big retailers to smaller specialty shops. Just use your U.S. Bank Business Credit Card and earn rewards as you go.

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To redeem Real-Time Rewards, you'll need to have enough points to cover the entire purchase, and your points will be deducted from your points balance and redeemed in the form of a credit to your monthly billing statement.

You can make a credit card purchase and receive a text message with the option to redeem points toward that purchase. Simply reply 'REDEEM' to complete the redemption.

Redemption is quick and easy, and you can use your mobile device to immediately redeem toward a credit card purchase.

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The American Express Blue Cash is a popular rewards credit card that offers cash back on everyday purchases.

It provides 6% cash back on groceries, 3% on gas, and 1% on everything else, making it a great option for those who spend a lot on these categories.

The card has no annual fee for the first year, and then it's $95 per year.

You can earn up to $200 in cash back in the first year, which is a nice bonus.

American Express offers a variety of rewards programs, but the Blue Cash is one of the most popular.

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To get approved for the U.S. Bank Business Platinum Card, you'll need to have good credit or better, which is typically a credit score of 700 or better. This means people with excellent credit have a shot at getting approved.

You'll also need to have a personal credit history that's in good standing, as the card requires a personal guarantee. This means you're personally liable for any debts the business can't pay.

U.S. Bank will perform a hard inquiry on your credit report when you apply, which can temporarily lower your credit score. The credit bureau they normally use for approval is TransUnion, although they may also use reports from Experian or Equifax in some cases.

Here are some key factors that impact your chances of being approved:

You can request additional cards for employees at no cost when applying for a U.S. Bank business credit card.

This means you don't have to worry about incurring extra fees for employee-issued devices.

To get approved for the U.S. Bank Business Platinum Card, you'll need a credit score of 700 or better. This means people with good credit or better have a shot at getting approved.

Your credit score is just one factor that will impact your chances of being approved, though. Other important criteria include your income, existing debt load, number of open accounts, recent credit inquiries, and employment history.

You'll need to have a credit score of at least 750 to get the U.S. Bank Business Platinum credit card. This is considered excellent credit.

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The U.S. Bank Business Platinum Card uses TransUnion for approval, though U.S. Bank sometimes uses reports from Experian or Equifax. This is based on anecdotal evidence.

To get approved, you'll need good credit or better. This means you'll need a strong personal credit history.

U.S. Bank will perform a hard inquiry on your credit report when you apply. This is a normal part of the approval process.

Here are the credit bureaus U.S. Bank may use for approval:

If you carry a balance on the card after the promotional offer, that outstanding balance would be subject to the card's regular APR.

The U.S. Bank Business Platinum Card has an Extended Pay Plan option, which allows you to pay a fixed monthly fee of up to 1.6% of the original balance each month without incurring interest charges.

This plan can be a lifesaver if you have upcoming purchases you can't fully pay off immediately, as it gives you more time to pay off your balance without getting hit with interest charges.

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If you don't pay off the balance within the 12-month promotional period, you'll be charged interest on the outstanding balance. The interest rate will be the card's regular APR.

Carrying a balance after the promotional offer ends means you'll be paying interest on top of the original amount. This can add up quickly and make it harder to pay off the debt.

The regular APR can be significantly higher than the promotional rate, so it's essential to make timely payments to avoid these extra fees.

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Extended Pay Plans can be a lifesaver for those with upcoming purchases they can't pay off immediately.

The U.S. Bank Business Platinum Card offers an ExtendPay option that allows you to pay a fixed monthly fee of up to 1.6% of the original balance each month without incurring interest charges. This can be a more manageable way to pay off large purchases over time.

This option can be especially helpful for business owners who need to make big purchases but don't have the cash flow to cover them right away.

The U.S. Bank Business Platinum Card lacks a sign-up bonus, making it less valuable long-term.

If you're looking for a card with ongoing rewards, consider another business credit card that offers more value. The U.S. Bank Business Platinum Card's intro APR offer is its highlight, but it's not enough to make up for the lack of rewards.

Limited ongoing benefits are another warning sign. Unlike many business cards, the U.S. Bank Business Platinum Card doesn't offer travel perks, extended warranties, or car rental insurance.

Foreign transaction fees are a major concern for businesses that travel abroad. The U.S. Bank Business Platinum Card charges 3% on each foreign transaction, which can add up quickly.

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