August 15, 2022

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US Bank Business Triple Cash Rewards Card Review: 0 Welcome Bonus

US Bank Business Triple Cash Rewards Card Review: $500 Welcome Bonus

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Regular APR

13.99% – 22.99%* (Variable)

Credit Score

Excellent/Good

Featured Reward

$500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details

  • Pros
    • Strong welcome bonus and bonus categories for a no-annual-fee card
    • Introductory 0% APR on both purchases and balance transfers for 15 billing cycles (then 13.99% – 22.99% (Variable))
    • World Elite Mastercard benefits including cell phone protection
    Cons
    • Foreign transaction fees
    • Relatively high minimum spending requirement to unlock bonus
    • Authorized user purchases don’t count toward minimum spending requirement
    • Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
    • Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
    • Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants.
    • 1% cash back on all other eligible net purchases.
    • No limit on total cash back earned.
    • Rewards never expire.
    • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
    • 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 13.99% – 22.99%.
    • No annual fee.
    • Great Offer from U.S. Bank, a 2021 World’s Most Ethical Company® – Ethisphere Institute, February 2021

    Review: Is the US Bank Business Triple Cash Rewards the best credit card for you?

    If you’re looking for a small business card that earns rewards in popular bonus categories, there are plenty of options for business owners. The U.S. Bank Business Triple Cash Rewards Card is one to consider, and will be attractive to those who spend a lot in the bonus categories this no-annual-fee card offers.  

    There’s a welcome offer of ​​$500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account. Note that US Bank does not count authorized user purchases toward the minimum requirement, so this spending must be on the account owner’s card.

    That’s a generous bonus for a card without an annual fee. And even though the spending requirement is rather steep, you’ll have roughly five months to complete it. 

    Read more: The best current credit card sign-up bonuses

    The U.S. Bank Business Triple Cash Rewards Card earns 5% cash back on prepaid hotels and car rentals booked through the US Bank Travel Rewards Center, 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants, and 1% cash back on all other eligible purchases. There’s also an annual $100 statement credit for recurring software subscription expenses like FreshBooks or QuickBooks that can come in handy for many business owners. 

    Who should and shouldn’t consider the US Bank Triple Cash Rewards business card

    Like we mentioned before, there are lots of cards for small businesses of all kinds, so it’s important to choose one that will reward the spending you’re already doing for your business.

    If you spend a lot in the bonus categories and want a card with no annual fee, the U.S. Bank Business Triple Cash Rewards Card could be ideal. To make the most of the rewards, your business spending should include purchases made at office supply stores, restaurants, gas stations/EV stations, and cell phone service providers because you’ll earn 3% back on all those eligible purchases. If you don’t spend a lot in these categories, this is essentially a 1% cash back card and there are better options out there. 

    There’s also an annual $100 software credit, which is a nice perk for a no-annual-fee card if you’ll use it for recurring subscriptions like FreshBooks or QuickBooks, which are business software subscriptions to help with receipts, taxes, and invoices. If you use accounting software for your business, getting a $100 discount every year is an added bonus. 

    If your business has other expenses, such as appliances, shipping, online advertising, or travel, this isn’t a good card for you because you’ll only earn 1% cash back and other cards offer better rewards for those purchases. 

    Read more: Guide to the best small-business credit cards

    The U.S. Bank Business Triple Cash Rewards Card is also a good choice if you want to earn a lucrative cash bonus. The $500 welcome offer is generous and an easy way to get a rebate for your business spending. This card also has an introductory 0% APR rate on purchases and balance transfer for the first 15 months (then a 13.99% – 22.99%* (Variable) APR), which is rare for a business card. If you need to make purchases for your business, having a 0% APR rate for over a year is a great way to float the cost for a while — just be sure to pay it off before the introductory rate ends to avoid interest. 

    Because the card has no annual fee, there’s no ongoing cost to think about, so you could open it and see if it’s worthwhile and rewarding for your business. The U.S. Bank Business Triple Cash Rewards Card could also be a nice complement to other cards with different bonus categories so you can more easily maximize all your business purchases.

    Comparison: US Bank Triple Cash Rewards vs other US Bank cards

    Triple Cash Rewards vs other cash-back business credit cards

    *5% cash back and 2% cash back on the Ink Business Cash® Credit Card on up to $25,000 in combined purchases each year, then 1% cash back.

    How to earn rewards from the US Bank Triple Cash Rewards card

    With the U.S. Bank Business Triple Cash Rewards Card, you’ll earn 5% cash back on prepaid hotels and car rentals booked directly through  the US Bank Travel Rewards Center, and you’ll earn 3% cash back on eligible purchases at: 

    • Gas stations and electric vehicle charging stations (purchases of gasoline or electric vehicle charging greater than $200 will not be deemed to be a purchase of automotive fuel and will only earn 1% cash back)
    • Office supply stores
    • Cell phone service providers
    • Restaurants

    You’ll earn 1% cash back on all other eligible purchases. 

    There are no limits to the rewards you can earn and your rewards never expire as long as your card is open. 

    Read more: Guide to the best cash-back credit cards

    How to use rewards 

    When you’re ready to redeem your rewards, you can log into your online account and request a statement credit, or deposit rewards to a qualifying US Bank account. Note that the minimum to redeem rewards is $25. 

    You can also set up Real-Time Rewards and use your points to instantly cover a purchase you’re making with your U.S. Bank Business Triple Cash Rewards Card via your mobile device. This allows you to use your rewards for a statement credit within seconds of making an eligible purchase.   

    You can save your cash rewards for a big purchase, or use them as you go along for statement credits toward eligible purchases. 

    Benefits and features

    The main benefit of the U.S. Bank Business Triple Cash Rewards Card is the bonus categories and welcome bonus, but there are a few other benefits you should know about. 

    0% introductory APR offer

    New U.S. Bank Business Triple Cash Rewards Card cardholders receive an introductory 0% APR on purchases and balance transfers for the first 15 months, followed by a 13.99% – 22.99%* (Variable) APR. The 0% introductory APR applies to balance transfers made within 30 days of account opening.

    Read more: The best low interest and 0% APR credit cards

    Getting 15 billing cycles with 0% APR is a great offer on any card, but especially rare for a small-business card. If you’re responsible with the offer, it can be a way to float business spending or acquire new equipment or promotion for your business. To make the most of it, be sure to pay off your balance before the introductory offer expires to avoid interest costs.

    $100 annual software credit 

    When you use the U.S. Bank Business Triple Cash Rewards Card to pay for an eligible software service for 11 consecutive calendar months, you’ll get a $100 credit applied to your account once per year. Eligible services are identified based on their merchant code, and FreshBooks and QuickBooks are included. This benefit resets every 12 months.

    World Elite Mastercard benefits

    Because the U.S. Bank Business Triple Cash Rewards Card is a World Elite Mastercard, it comes with additional travel and shopping benefits, including free Shoprunner membership, Lyft credits, and DoorDash credits.

    Access to the Rewards Center Earn Mall

    When you shop online and pay with your U.S. Bank Business Triple Cash Rewards Card at over 1,100 stores, you can earn additional points through the Rewards Center Earn Mall. You can access the portal through online banking. 

    Read more: Online shopping portals are an effortless way to earn bonus cash back and travel rewards — here’s how they work

    Real-Time Rewards

    US Bank is unique in that you can instantly redeem your points via text for eligible purchases. You’ll need to enroll in the service. Then, you’ll receive a text when you make a purchase asking if you want to instantly redeem your points. Simply reply with “REDEEM” to complete the redemption. Points will instantly be deducted from your balance. 

    Regular APR

    13.99% – 22.99%* (Variable)

    Credit Score

    Excellent/Good

    Featured Reward

    $500 cash back after spending $4,500 on purchases on the account holder’s card in the first 150 days of opening your account

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details

  • Pros
    • Strong welcome bonus and bonus categories for a no-annual-fee card
    • Introductory 0% APR on both purchases and balance transfers for 15 billing cycles (then 13.99% – 22.99% (Variable))
    • World Elite Mastercard benefits including cell phone protection
    Cons
    • Foreign transaction fees
    • Relatively high minimum spending requirement to unlock bonus
    • Authorized user purchases don’t count toward minimum spending requirement
    • Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
    • Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
    • Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants.
    • 1% cash back on all other eligible net purchases.
    • No limit on total cash back earned.
    • Rewards never expire.
    • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
    • 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 13.99% – 22.99%.
    • No annual fee.
    • Great Offer from U.S. Bank, a 2021 World’s Most Ethical Company® – Ethisphere Institute, February 2021

    Fees and costs

    The U.S. Bank Business Triple Cash Rewards Card doesn’t have an annual fee but there’s a 3% foreign transaction fee, so it’s not an ideal card to use abroad.

    Read more: The best credit cards with no foreign transaction fees

    Like most other cards, there are fees for balance transfers, cash advances, and late or returned payments.

    Featured business cards from our partners

    Featured Reward

    120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership

    Credit Needed

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    Featured Reward

    15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the card within your first 3 months of card membership

    Credit Needed

    Good to Excellent

    Featured Reward

    100,000 points after spending $15,000 on purchases in the first 3 months from account opening

    Credit Needed

    Good to Excellent