The U.S. Bank Business Platinum Card is a business credit card designed with the needs of small businesses in mind. Offering customers an array of benefits, this card offers an excellent way to manage cash flow and expenses while also earning rewards for doing so. This review will provide an overview of the features offered by the U.S. Bank Business Platinum Card as well as discuss some potential advantages and disadvantages associated with it.
The U.S. Bank Business Platinum Card provides customers with numerous benefits that can be leveraged to help increase their purchasing power and savings opportunities. These include access to up to 15 flexible reward categories from which customers can choose to earn rewards on eligible purchases, 0% introductory APR for 12 billing cycles on all balance transfers made within 60 days of opening account, no annual fee, travel accident insurance coverage up to $500,000 per person when travelling via common carrier tickets purchased through USAA bank and more. Furthermore, this card offers complimentary employee cards as well as easy-to-use tools such as automatic payments and online banking services which make managing finances easier than ever before.
Overall, the U.S. Bank Business Platinum Card has been created with the intention of providing customers with convenience and flexibility when it comes to managing their finances – from maximizing spending power and minimizing costs to easily tracking expenses using advanced technology solutions – offering businesses a comprehensive suite of financial management options at competitive rates compared to other products in its category. The following review will explore these aspects in more detail along with providing insight into how effective the U.S Bank Business Platinum Card may be for meeting customer needs overall.
Benefits And Features
The U.S. Bank Business Platinum Card provides a range of features that are beneficial for businesses and their owners. The card offers free employee cards to ensure business expenses can be tracked, as well as various travel benefits such as car rental collision damage waiver insurance, discounts on select hotels, baggage delay insurance and more.
Additionally, the card has no annual fee and is offered with up to 0% intro APR on purchases in the first 12 billing cycles after account opening—including balance transfers made within 60 days of account opening. With this card, customers can also take advantage of special savings programs including fuel rewards at Shell gas stations and online shopping through ShopRunner with two-day shipping from merchants like Neiman Marcus and Saks Fifth Avenue. Furthermore, cash back rewards earned never expire so long as your account remains open and active.
Eligibility Requirements
To be eligible for the U.S. Bank Business Platinum Card, applicants must meet certain criteria. Applicants must have a valid Social Security number or Taxpayer Identification Number and an individual credit score of 700 or higher. The applicant must also have either a business account with U.S. Bank or a minimum annual revenue of $150,000 in their most recent fiscal year to qualify. Additionally, applicants may not already have another existing U.S. bank small business card or hold more than three U.S. Bank consumer cards at any given time as part of their application approval process.
Furthermore, those applying for this card should provide required documents such as proof of ownership, tax returns from the last two years, financial statements and/or balance sheets that demonstrate their ability to pay off the debt accrued with the credit card each month on time and in full amount due if approved for the product’s benefits and features..
Fees And Rates
The U.S. Bank Business Platinum Card offers competitive fees and rates for business owners looking to make their expenses more manageable. The card does not charge an annual fee, making it a cost-effective option in comparison to other credit cards with similar features. In addition, there is no foreign transaction fee when purchases are made outside of the United States. With regards to interest rate, this card has a variable APR on purchases of 13.99% – 23.99%, which can vary depending on market conditions as well as the Prime Rate.
Cash advances have slightly higher APRs at 21.49%-25.24%. Balance transfers also have an introductory 0% APR offer that lasts up to six billing cycles; after those six months, however, the standard purchase rate will apply unless otherwise specified by the company or bank issuing the card. All these factors should be taken into account when assessing whether or not the U.S Bank Business Platinum Card is right for one’s business needs.
Rewards Program
Moreover, the U.S. Bank Business Platinum Card offers a comprehensive rewards program that can be tailored to meet your business needs. It features:
- 5 points for every dollar spent on qualifying purchases at office supply stores and wireless telephone services purchased directly from US service providers.
- 2 points for every dollar spent on gas stations and car rentals.
- 1 point for all other eligible net purchases and.
- A bonus of 10,000 points after spending $500 in the first 90 days of account opening.
The accumulated points can then be redeemed as statement credits against travel expenses or gift cards. Additionally, cardholders are offered exclusive access to special events such as sports games, concerts and more through the U.S. Bank Rewards Center website, which is available 24/7 and easy-to-use. Furthermore, the card’s fraud protection tools help protect businesses’ bottom lines with real-time fraud alerts sent via text message when suspicious activity is detected on their accounts. In sum, this rewards program provides businesses with an array of options to create customized rewards experiences that suit their individualized needs while providing them with peace of mind knowing they have secure transactions and reliable customer support whenever needed.
Security And Fraud Protection
The U.S. Bank Business Platinum Card offers a variety of security and fraud protection features to protect cardholders from potential fraudulent activity. The card is equipped with Visa’s Zero Liability policy, which protects against unauthorized purchases made by others using the cardholder’s account without permission. This feature provides reimbursement for any unauthorized charges that may appear on their statement.
In addition to this, the card comes with an EMV chip technology-enabled to provide added layers of protection when making purchases in store or online. When used in conjunction with a personal identification number (PIN), it creates a unique code each time it is used so that information remains secure. Furthermore, the U.S. Bank Business Platinum Card has built-in fraud monitoring services that continuously monitor transactions and alert users if suspicious activities are detected on their accounts.
Customer Service
The U.S. Bank Business Platinum Card offers excellent customer service to its customers. The company provides 24/7 access to account information and services via the U.S. Bank app, allowing users to manage their accounts from anywhere in the world with ease. Additionally, cardholders can manage their accounts online or by contacting a dedicated customer service representative for assistance on any issue related to their cards.
| Pros | Cons | |
| Customer Service Accessibility | 24/7 availability through the U.S. Bank App Dedicated customer service representatives available for help over phone Online account management options provided |
Long wait times reported while trying to reach customer care over phone No live chat support available as an alternative option for contact |
Overall, the U.S Bank Business Platinum Card’s customer service is reliable and accessible, but there are some drawbacks such as long wait times and lack of other communication options like live chat support that could be improved upon in order to enhance user experience further.
Conclusion
The U.S. Bank Business Platinum Card offers a wide range of benefits and features that make it an attractive option for business owners. It is important to note the eligibility requirements, fees and rates as well as rewards program associated with this card. Additionally, security and fraud protection are top notch while customer service is reliable should any issues arise.
All in all, the U.S. Bank Business Platinum Card provides businesses with quality services at competitive prices and gives them access to great rewards programs so they can maximize their earning potentials on everyday purchases or travel expenses. Moreover, its high-level security measures provide peace of mind when making transactions online or abroad. The combination of beneficial features makes this card a highly recommended choice for businesses looking for a comprehensive credit solution tailored to fit their needs.