U.S. Bank Business Triple Cash Rewards Review: A Comprehensive Guide

Features

• Annual Fee: $0, making it accessible for all business sizes.
• APR: Variable 19.24%-28.24% after an introductory 0% APR for the first 15 billing cycles on purchases and balance transfers.
• Sign-Up Bonus: Earn $500 cash back after spending $4,500 in the first 150 days.
• Rewards:
  • 3% cash back on gas stations, office supply stores, cell phone service providers, and restaurants.
  • 5% cash back on prepaid hotels and car rentals booked through U.S. Bank’s Rewards Center.
  • 1% cash back on all other eligible purchases.
• Other Benefits:
  • $100 annual statement credit for software subscriptions.
  • A long intro APR period applies to purchases and balance transfers.

Benefits

• No Annual Fee: Encourages cost savings and maximizes rewards.
• Extended 0% APR Period: Offers financial flexibility, especially for new businesses or those looking to manage cash flow effectively.
• Diverse Rewards Categories: Caters to common business expenses, enhancing earning potential.
• Generous Sign-Up Bonus: Provides immediate value back to the business.

Drawbacks

• Requires Good/Excellent Credit: May not be accessible to all business owners.
• Lower Rewards Rate Outside Bonus Categories: Diminishes earning potential on non-category spending.
• Foreign Transaction Fee: This fee adds a 3% cost to international transactions, which could be a concern for businesses with overseas expenditures.

Product Summary

The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is a standout option for businesses looking to maximize cash back on everyday expenses. With no annual fee and a broad array of cash-back categories, it suits various spending patterns. The card's long intro APR period on purchases and balance transfers is a boon for businesses aiming to manage or reallocate debts efficiently. While it shines in providing bonus rewards on common business expenses and offers a substantial sign-up bonus, businesses with significant non-category spending or those that frequently engage in international transactions might find it less advantageous. It offers a solid foundation for businesses to earn rewards on their expenditures while enjoying additional perks.