Last updated on March 1st, 2023
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At a Glance
A low-APR option for business owners, the Union Bank Business Platinum™ Visa® Credit Card offers the basics when it comes to funding a company on a day-to-day basis.
Ideal for Those Who:
- Own or operate a business
- Already bank with Union Bank
- Are looking for a business credit card with a low interest rate to help you cover regular and extraordinary expenses
- Have a large purchase planned that you’ll need to pay off over time
- Are thinking about transferring existing balances to save money on interest charges
Union Bank Business Platinum™ Visa® Credit Card Review
The Union Bank Business Platinum™ Visa® Credit Card is a no-frills business credit card. Its spotlight feature is an introductory 0% APR for six months on purchases and balance transfers. If you’re currently working to erase balances on other accounts, you could save a significant amount in interest charges by migrating those debts to this card. Even if you’re not able to completely pay off your transferred balance by the end of the promotional rate period, you’ll likely still come out winning with the Union Bank Business Platinum™ Visa® Credit Card’s regular purchase APR, which is lower than much of the competition’s.
Beyond its signup offer, the Union Bank Business Platinum™ Visa® Credit Card won’t offer you much in the way of perks. You do have access to useful tools like being able to set spending limits and alerts, as well as automatic payments and downloadable transaction history that can be integrated with your company’s accounting software.
As this is a simple credit card without many additional benefits, there is no annual fee to keep an account open. You will be charged other penalties when applicable, however, like late payments fees and foreign transaction fees. In addition, the promotional 0% APR grace period may be voided if you’re not careful. Missing due dates and going above your spending limits run you the risk of not only losing the 0% APR offer, but also being hit with a penalty APR.
If a low interest rate – and an even lower initial rate – is what you’re looking for in a business credit card, the Union Bank Business Platinum™ Visa® Credit Card will get the job done. If you’re looking for a card with more incentives, however, you’ll have to consider other options.