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What credit score is needed for a U.S. Bank business credit card

You do not need to include alimony, child support, or separate maintenance income unless you want to have it considerd as a basis for repaying a loan. Increase non-taxbile income or benefits included by 25%. After determining which card is the correct fit for your business and going through the application process, you may receive a decision instantly. However, if the issuer needs to take a closer look at your application, you’ll most likely receive a decision within two weeks. If approved, your card may take up to 10 business days to arrive.

  • This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories.
  • If you need breathing room to pay off debt you’re currently carrying on another business card, this card merits your consideration.
  • U.S. Bank Business Platinum Card is best for businesses needing to make a large purchase or transfer a balance since it offers a 0% introductory APR for 18 billing cycles.
  • But if you’re looking for a low interest rate, this card offers the chance to get a lower one than you’d find on many competing business cards.

According to Sullivan, the majority of creditors do not mind credit line increases. If they believe you will use it and pay for it, they will welcome it as well. If you are having difficulty obtaining an increase, Sullivan recommends speaking with your card issuer. I would not recommend this card They give you the lowest credit limit and is lower your general credit score. It’ll make bookkeeping more difficult and encourage a bad habit of using your business’s resources for personal spending.

Alternatively, you can also check our list of best U.S. Bank business credit cards for more options on credit cards offered by U.S. Let’s say you spend about $3,000 on internet and mobile phone bills and about $1,000 on office supplies per year for your business, plus $5,000 at restaurants and $4,000 at gas stations. Earning 3% cash back on all of these purchases would result in $390 in annual cash back.

Common Small Business Banking Questions, Answered

The compensation we receive may impact how products and links appear on our site. Earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year and 1% thereafter. EDITORIAL DISCLOSURE All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information. In general, the higher your credit score, the better your approval chances.

  • Although U.S. Bank will likely consider many aspects of your creditworthiness when deciding whether to approve your application, one important factor is usually your credit score.
  • This card’s bonus categories are optimized for running errands, buying groceries, and taking road trips.
  • Business credit cards often earn rewards for popular business categories, like office supplies, travel, dining and some utilities.
  • Rewards can also help offset any annual fee the card might have.

Learn more in our Capital One Spark Miles for Business review. For more information about the rewards program and other features, see our Capital One Spark Cash Plus review. You can also set up alerts to receive transaction notifications for your account. This can make managing your account and monitoring for fraud or suspicious activity easier. Please visit for more details.

Does Us Bank Business Platinum Card Report Your Account Activity To Credit Bureaus?

Business credit cards often earn rewards for popular business categories, like office supplies, travel, dining and some utilities. U.S. Bank Business Platinum Card doesn’t offer introductory or ongoing rewards, which is rare, even among credit cards with no annual fee and a low APR. The key benefit of this card is that you can take advantage of a 0% APR on purchases and balance transfers for the first 18 billing cycles—one of the longest interest-free periods available.

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where we list advertisers that we work with, and how we make money. You can also review our credit card rating methodology.

To see rates & fees for The Business Platinum Card® from American Express please click here. Don’t worry about a foreign transaction fee; you’ll be charged none. The Capital One Spark Cash Plus charges a $150 annual fee.

But if you also have expenses for restaurants and office supplies, you might want another credit card that offers more than 1% back on all other eligible purchases. At this time, it is a good idea to inquire about increasing your credit line. If you can improve your credit utilization ratio, increasing your credit limit may also increase your credit score. Credit card companies use waiting periods to monitor how responsibly you use your credit limit. Credit card companies will examine your account history and credit history in order to approve a credit limit increase request. A few points may be deducted from your credit score each time you open a new account.

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Additionally, earn 2% cash back on dining purchases (on up to $50,000 in combined choice category/dining purchases per calendar year, then 1%) and unlimited 1% cash back on all other purchases. It’s somewhat hampered by its spending limit, but if your business spends less than $50,000 in combined choice category/dining purchases each calendar year, it’ll be a lucrative choice.