U.S. Bank Business Credit Cards: What You Need to Know
Looking into your U.S. Bank business credit card options? Although their branch locations are mostly focused in the Midwest, U.S. Bank offers small business owners all over the country five business credit cards to choose from, each with different ways to make the most of your spending. (Additionally, U.S. Bank provides a variety of other business-specific services including business banking, payment processing, and payroll.)
In this U.S. Bank business credit card review, we’ll break down each of their five credit card options, discussing their features, rewards, and additional perks—so that you have all the information to decide which, if any, of the U.S. Bank small business credit cards is right for you.
U.S. Bank Business Credit Card Review
- U.S. Bank Business Cash Rewards World Elite™ MasterCard®
- U.S. Bank Business Leverage® Visa Signature® Card
- U.S. Bank Business Platinum Credit Card
The next option, the U.S. Bank Business Cash Rewards World Elite™ card (formerly called the U.S. Bank Business Edge credit card) is well-suited for business owners looking for a card with no annual fee, but prefer straight cash back rewards as opposed to points.
With this U.S. Bank business cash credit card, you’ll earn cash back based on where you spend in typical business purchase categories—making this a great credit card for business expenses. This being said, the Business Cash Rewards World card earns:
- 3% cash back for every dollar you spend on cell phone services, office supplies, and gas purchases
- 1% cash back for every dollar spent on other purchases
Unlike many other business credit cards, there are no limits on the amount of rewards you can earn in either the 3% cash back or 1% cash back category. However, the cash back you earn on this U.S. Bank business cash credit card does not expire and can be redeemed at a minimum of $25 and in additional increments of $25. You can redeem your cash back as a deposit into a U.S. Bank account, as a U.S. Bank Rewards Card, or as a statement credit to your account.
This being said, you’re also eligible for a $500 welcome bonus with this U.S. Bank business credit card if you spend $4,500 in eligible net purchases on your card within the first 150 days after opening your account. In addition to this new cardmember bonus, the Business Cash Rewards card also offers an account anniversary bonus—25% of your prior year’s cash rewards, up to $250.
Moreover, this card also offers a 0% intro APR period of 15 months on purchases. After this period ends, your APR will set in at a variable rate that will vary based on the market and your creditworthiness.
With this in mind, however, this U.S. Bank business cash credit card also includes free employee cards, online spending tracking, fraud monitoring, zero fraud liability, and 24/7 dedicated customer service.
Therefore, if you’re looking for an unlimited cash back rewards card with a welcome bonus and no annual fee, the U.S. Bank Business Cash Rewards World card might be the right option for you. Plus, if you need a business credit card for your new business to make large purchases and pay them off over time, or to consolidate previous debt, the 0% intro APR period on this card will make it an even more valuable choice.
Although the other U.S. Bank small business credit cards on our list can offer substantial rewards on your spending, if you truly want to earn the most points possible, you’ll want to think about the U.S. Bank Business Leverage Visa Signature card.
With this U.S. Bank Visa business credit card, you’ll have access to a unique rewards program—with the ability to earn 2x rewards points automatically for your top two spending categories every month. For all other purchases, you’ll earn 1x rewards points per dollar you spend. There are no caps or limits on the total points you can earn in either category and, your top-tier categories will automatically adjust every month based on your spending.
Additionally, through the welcome offer you can earn 75,000 points worth $750 cash back if you spend $7,500 in eligible net purchases within the first four months of account opening.
Moreover, this card will allow you to redeem your points in whatever way you choose, including cash back, travel, gift cards, and merchandise. However, rewards you earn with the U.S. Bank Visa business credit card will expire at the end of the calendar quarter five years from the date on which they were earned.
With this in mind, unlike the other two U.S. Bank small business credit cards we’ve discussed so far, this card will have a $95 annual fee. U.S. Bank will, however, waive the fee for your first year as a cardholder. The U.S. Bank Business Leverage Visa card will also include free employee cards, as well as the same business tools and protections as Cash Rewards card.
Therefore, if you’re willing to pay an annual fee to access a very high-earning potential business credit card rewards program, this U.S. Bank Visa business credit card might be the best option for you.
Finally, for a business card you can simply use as a line of credit—without having to manage an ongoing rewards program—you might consider the U.S. Bank Business Platinum credit card.
Although this U.S. Bank business credit card won’t offer a rewards program or welcome bonus, it will include a lengthy 0% intro APR period. With the U.S. Bank Business Platinum credit card, you’ll have access to 0% APR for 20 months, applicable to both purchases and balance transfers. Therefore, if you need to transfer a balance from a previous credit card to another card with lower-interest to recover from business credit card debt, this is a particularly noteworthy option.
Along these lines, if you’re a new business looking for your first credit card—and want to make large purchases and pay them off interest-free over time—the U.S. Bank Business Platinum credit card is also a great option.
This being said, however, after the intro period is up, an APR will set in on this card that will vary based on the market and your creditworthiness, so you’ll want to make sure you pay off any existing balance before the 20-month period ends.
Moreover, this U.S. Bank business credit card has no annual fee, free employee cards, 24/7 dedicated service, fraud monitoring, zero fraud liability, and additional business account tools.
All in all, if you need a simple, no-frills business credit card, the U.S. Bank Business Platinum may very well be the right option for you.
Get a U.S. Bank Business Credit Card If:
Considering everything we’ve discussed in regard to the five different U.S. Bank business credit card options, it’s possible that one of these cards is the right choice for you. Specifically, you might choose a U.S. Bank small business credit card if:
- You’re looking for a cash back or general rewards card with no earning limits.
- You’d prefer a business credit card with a signup bonus.
- You’re looking for a 0% intro APR card that applies to purchases and balance transfers.
- You have a pre-existing banking relationship with U.S. Bank.
Skip These U.S. Bank Business Credit Cards If:
On the other hand, a U.S. Bank business credit card will not be the best option for everyone. Therefore, you might continue to explore your options if:
- You want branch access to your credit card issuer and are not located near U.S. bank branches.
- You’d prefer a flat-rate rewards business credit card for either cash back or rewards points.
- You’re looking for a non-travel rewards card that has no foreign transaction fees.
- You’d prefer a rewards card with luxury perks.
- You’re looking for a co-branded card with an airline or other retailers.
- You have fair or poor personal credit.
Choosing the Best U.S. Bank Business Credit Card for You
At the end of the day, it’s up for you to decide which credit card is best for your business. This being said, if you think a U.S. Bank business credit card might be right for you, you’ll want to be sure it’s the card that will best fulfill your needs—not only compared to other U.S. Bank business cards, but also to other cards on the market.
To simplify your search, therefore, you’ll want to think about what you need or want in a business credit card, considering factors like—annual fee, foreign transaction fees, rewards structure, rewards type, welcome bonus, intro APR, and any additional features that are important to your business. After you’ve developed a set of qualifications for your ideal business credit card, you’ll be able to compare all of your options—U.S. Bank cards or otherwise—against these requirements.
By doing this, you’ll be able to determine how well any business credit card you’re looking at can meet your needs, and if you’re not convinced a particular card is best for you, then you can continue to explore your options. Through this process, you’ll be able to narrow down your choices and ultimately, choose the business credit card that’s right for your business.
Randa Kriss is a senior staff writer at Fundera.
At Fundera, Randa specializes in reviewing small business products, software, and services. Randa has written hundreds of reviews across a wide swath of business topics including ecommerce, merchant services, accounting, credit cards, bank accounts, loan products, and payroll and human resources solutions.