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U.S. Bank has introduced a new business credit card to its lineup. Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®, a no-annual-fee card that earns triple cash back on select purchases that are used often (See Rates & Fees). There is also a $100 statement credit to enjoy as well as a signup bonus to earn. Here’s what you can expect from the U.S. Bank Business Triple Cash Rewards World Elite Mastercard.
The information for the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard
As mentioned above, cardholders can earn 3% cash back on select eligible purchases in the following categories:
- Gas stations and EV charging stations
- Office supply stores
- Cell phone service providers
- Restaurants
Also, earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Center.
Cardholders earn 1% cash back on all other eligible net purchases.
There are no limits on how much total cash back can be earned. Additionally, rewards won’t expire.
Signup Bonus
New U.S. Bank Business Triple Cash Rewards World Elite Mastercard® cardholders can earn $500 in cash back after spending $4,500 on the Account Owner’s card in the first 150 days of account opening.
$100 Annual Statement Credit
Another perk that can be helpful for business owners and employees is an annual $100 statement credit for recurring software subscription expenses. Such expenses include FreshBooks or QuickBooks.
Fees
This business credit card has no annual fee. So, that $100 annual statement credit for recurring software subscription expenses is essentially a free perk!
However, there is a 3% foreign transaction fee.
Credit Required
To get this card, good to excellent credit will be required.
Here’s more information on checking your business credit score.
Who Should Get The U.S. Bank Business Triple Cash Rewards World Elite Mastercard?
Is the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® right for your business? For one, having a $100 annual benefit for a no-annual-fee credit card is a very nice perk to enjoy, assuming you use an eligible software subscription service.
Additionally, earning triple cash back on everyday purchases is an easy way to rack up the rewards. Even better, unlike some small business credit cards, there are no limits on how much cash back can be earned. Some consumer and business cards cap the amount of cash back earned annually. Plus, earning is automatic. You don’t have to worry about activating reward categories.
Consider this card if your business can enjoy the perks, spend in the reward categories, and prefer earning cash back over travel rewards. Cash Rewards may be redeemed as a statement credit, U.S. Bank Rewards Card, or deposited to your U.S. Bank business checking, savings, or money market account.
Speaking of U.S. Bank Business Checking…
If you’re interested in business options, there are the U.S. Bank Business Checking accounts. There are several accounts available to fit a variety of needs. Accounts can be opened with a deposit as low as $100 or as much as $3,000. After you’ve got your account, you can add funds in several ways, including a check deposit at a U.S. Bank branch, ATM, or through the U.S. Bank app. Funds can also be added by completing an online transfer from another account or wiring money into your account.
Silver Business Checking Package
There’s the Silver Business Checking account option, designed for businesses with limited transaction activity. Members get 125 free transactions per month and a $0.50 fee for each additional transaction. There is a $0 monthly maintenance fee. Member FDIC.
Gold Business Checking Package
For businesses with moderate transaction activity, there is the Gold Business Checking package. Businesses get 300 free transactions per month, and each additional transaction is $0.45. There are also 100 free cash deposits per statement cycle plus a 50% discount on the first check order of up to $100. There is a $20 monthly maintenance fee. However, it can be waived. Member FDIC.
Platinum Business Checking Package
As you may have guessed, this package is for businesses with many transactions. Businesses get 500 free transactions per month, with a $0.40 fee for each additional transaction. There’s also a 50% discount on the first check order of up to $100, plus free Mobile Check Deposit. There is a waivable $30 monthly maintenance fee. Member FDIC.
Earn Up To $800 Bonus With A U.S. Bank Business Checking Account
Additionally, there’s an exciting promotion available for Silver, Gold, and Platinum U.S. Bank Business Checking packages. New account holders can earn up to an $800 bonus when they open a new, eligible U.S. Bank business checking account online with the promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 16, 2024. Member FDIC. Complete these steps to earn the offer:
Earn a $300 Bonus by completing $5,000 in new money deposits within 30 days of account opening and maintaining the amount for 60 days after account opening.
Earn an $800 Bonus by completing $30,000 in new money deposits within 30 days of account opening and maintain the amount for 60 days after account opening.
Summary of The U.S. Bank Business Triple Cash Rewards World Elite Mastercard Review
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard is a viable no-annual-fee business credit card thanks to a $100 annual statement credit for recurring software subscription expenses (See Rates & Fees). Additionally, cardholders can earn 3% cash back on eligible purchases at restaurants, gas stations, office supply stores, and cell phone service providers.
Another perk of this card is the ability to pay over time. Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
