Chip Lupo, Credit Card Writer
@CLoop
Yes, the U.S. Bank Business Platinum Card has a grace period of at least 24, lasting from the end of each billing cycle until the payment due date. If cardholders pay their U.S. Bank Business Platinum Card statement balance in full every month, U.S. Bank will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining U.S. Bank Business Platinum Card balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.
It’s also important to note that grace periods do not apply to cash advances or balance transfers.
People also ask
How long is the US Bank credit card grace period?
The US Bank credit card grace period is 24-30 days. It's the time between the end of a billing cycle and when your bill is due. You won't be charged interest during this period if you pay your bill in full by the due date each month.
You can, however, lose your grace period when you miss paying your entire bill. You can get it back by paying in full 2 months in a row.
Keep in...
read full answerWhat are the U.S. Bank credit card interest rates?
The U.S. Bank credit card interest rate is 19.24% (V) to 29.99% (V), depending on an applicant’s credit standing and the card they’re applying for. Some U.S. Bank cards may also offer new cardholders introductory 0% interest rates on purchases or balance transfers for a set number of months. After a card’s intro rate expires, the regular interest rate applies to any remaining balance.
U.S. Bank Credit Card Interest Rate By Card
- U.S. Bank Secured Visa® Card: 29.24% (V)
- U.S. Bank Altitude® Go Visa® Secured Card: 29.99% (V)
- ...
What credit bureau does U.S. Bank Business Platinum use for approval?
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).
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