Overview of US Banking Platinum Cards
this US Banking Platinum Card It is a practical option for business owners who focus on buying large numbers rather than earning rewards. The card is a reliable option with no annual fee, its introductory annual percentage is 0%, and then applies to 16.74% to 25.74% APR variables. This is ideal for managing cash flow without the trade-offs of rewards or travel allowances. Card rating*: ⭐⭐
*Card ratings are based on the opinions of TPG editors and are not affected by the card issuer.
One of the biggest obstacles for new or growing small businesses is funding and administrative expenses. This sometimes replaces the desire to earn cash refunds or reward commercial purchases. In times of high interest rates and higher spending, businesses need access to funds and a way to stabilize their financial situation.
this US Banking Platinum This is a currency-free option for business owners who need to make a large purchase or pay off their existing large balance. The main focus of this card is its introductory 0% APR (after which applies to variable APRs of 16.74% to 25.74%), so it lacks many of the benefits we see on the card for annual fees.
Approved applicants usually have a credit score of at least 670.
You should know about US banking platinum cards before applying.
Pros and cons of US banking platinum
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Platinum welcome offer for US banking business
Unfortunately, this is one of the biggest drawbacks US Banking Platinum It is a lack of welcome quotes.
On the other hand, unlike most commercial credit cards, US banking Platinum offers a primer for APR. New cardholders enjoy 0% of balance transfers and purchases in April for 12 billing cycles. After that, it is applicable to 16.74% to 25.74% of APR variables.
The balance transfer must be conducted within the first 30 days of the account opening and all transfers are subject to a 5% transfer fee.
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Related: Best Business Credit Cards
US Banking Platinum Benefits
Due to lack of annual fees, US Banking Platinum As far as benefits are concerned, cardholders don’t offer much to cardholders.
Cardholders have access to the Bank of America spending management platform, which can monitor and help manage business expenses. Its features include accounting, intuitive fee receipt capture and real-time business analysis.
Cardholders also have access to the Bank of America expansion program, which allows them to pay off their balances in a fixed monthly payment without incurring interest. New cardholders receive a $0 fee offer in the ExtendPay program that is open for the first 60 days after opening.
The primary cardholder may also be free of charge.
I have used 0% APR credit card in the past to pay off thousands of medical bills, and it’s a real lifeguard. It helped me avoid interest expenses and, most importantly, I don’t have to use a lot of savings, but also use my monthly cash flow to pay off my debts during the APR introductory APR.
Related: How to Get a Business Credit Card
Receive and redeemed rewards on US banking platinum
this US Banking Platinum There is no reward category or reward structure. The card’s value proposition is related to interest savings, its 0% introductory APR (after which, applicable to 16.74% to 25.74% APR variable) and expenditure management platform.
Related: How to Avoid and Reduce Credit Card Interest
Which cards compete with US banking platinum?
this US Banking Platinum This is a great option if you want to fund large purchases. If its features don’t appeal to you, here are some other options:
- If you want to make money on all purchases: If you want to get a 1.5% cashback on all purchases, consider Ink Business Unlimited® Credit Card (See rates and fees). There is no annual fee for this card, and if you also have a premium chase card, you can return cash to the Ultimate Reward Points. To learn more, read our full review of Ink Business Unlimited.
- If you want to earn flexible cashback:consider US Banking Advantage Customized Cash Rewards MasterCard® Credit Card In your qualified selection category, it returns 3% cash back and receives 2% cash back on purchasing catering products (in each calendar year, the first $50,000 combined selection category/food purchase, followed by 1%). There is no annual fee for this card either. To learn more, read our full review of the custom cash rewards for U.S. banking advantages.
- If you want to get rewards for regular business expenses: this Ink Business Cash® Credit Card (See rates and fees) Earn 5% cash back on wired, internet, office supplies stores and telephone services, plus 2% on gas stations and restaurants (up to $25,000 combined in each account anniversary year, then return 1%). If you also have an advanced chase card, you can convert cashback on this card into ultimate bonus points. There is no annual fee for this card. To learn more, read our full review of Ink Business Cash.
For additional options, check out our list of grade-free business cards.
Related: How to choose a credit card with 0% APR
Is US banking platinum worth it?
If your priority is financing rather than paying annual fees, US Banking Platinum Suitable for you. Its lengthy 12-month April period (after which variable variables applicable to purchases and balance transfers make it stand out from competitors.
Although you will give up on the rewards and won’t be able to get business or travel benefits, I recommend using it for the APR starter period and then transferring your daily expenses to the business rewards card.
Bottom line
For business owners, US Banking Platinum Helps save interest on purchases and balance transfers. While earning rewards is an important aspect of buying your business already made, this card can help smaller businesses work hard to fund the purchases necessary.
It makes sense to add this card to your wallet for those who need to manage cash flow and reduce interest costs. After the first year, the card may not be useful unless you target another 0% of your APR quote. But this card is a great tool for new businesses or people who need help with spending.
Apply here: US Banking Platinum Card
