| Last updated on March 6th, 2024
U.S. Bank Business Leverage® Visa Signature® Card
U.S. Bank Business Leverage® Visa Signature® Card
U.S. Bank Business Leverage® Visa Signature® Card
- 21.24% to 26.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 21.24% to 26.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
At a Glance
The U.S. Bank Business Leverage Visa Signature Card is a rewards card that changes with your business. Unlike other rewards credit cards, the U.S. Bank Business Leverage Card allows you to earn 2x points for every dollar spent on purchases in categories where your company’s spend is the highest, and these 2X rewards change monthly with your business’ spending habits – meaning you get the most rewards with the least effort.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Limited time offer: Earn $750 in rewards when you spend $7,500 in eligible purchases on the account owners' card within the first 120 days of opening your account
- Earn 2% back in the top two categories where you spend the most each month automatically
- 1% cash per dollar spent on all other eligible purchases
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center
- $0 introductory annual fee for the first 12 months. After that $95 for the first year and every year after it will be $95 for Account Owners and $0 for Authorized Employees
- No reward caps or limits on the total rewards your business can earn. Redeem for your choice of cash back, gift cards, merchandise and travel
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Regular Purchase APR: 21.24% to 26.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: N/A
- Balance Transfer APR: 21.24% to 26.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 5% of each transfer amount (introductory). After that, either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater
- Penalty APR: 29.99%
- Annual Fee: $0 for the first 12 months. After that, $95
- Late Payment Penalty Fee: $39
- Return Payment Penalty Fee: $39
- You want free employee cards
- You want to earn two points for every dollar spent on the purchases they make the most
- You want the flexibility of a rewards program that changes with spending habits
- You have excellent credit
In-Depth Review: U.S. Bank Business Leverage® Visa Signature® Card
When running a company, low-maintenance solutions are always best. U.S. Bank understands the difficulties many business-owners tackle and offer the U.S. Bank Business Leverage® Visa Signature® Card as a simple and stress-free way to earn bonus cash back for every day – and uncommon – expenses companies often face.
Who Can Benefit from the Card?
The U.S. Bank Business Leverage® Visa Signature® Card is designed specifically for business owners who are looking to optimize their financial management and streamline their expenses. With this card, you can enjoy a wide range of benefits that are tailored to meet the unique needs of your business. From cash back rewards to travel benefits, the U.S. Bank Business Leverage® Visa Signature® Card offers a comprehensive package that can help you achieve your business goals.
$0 Annual Fee for First Year
The U.S. Bank Business Leverage® Visa Signature® Card has an annual fee of $95. However, U.S. Bank waives the annual fee for your first year of card membership. Moreover, this $95 fee can be offset by the cash back rewards you earn throughout the year.
How to Earn Rewards
Welcome Bonus
The Leverage® Visa Signature® Card comes with a very lucrative welcome offer worth up to $750 cashback. New accounts can earn $750 in rewards when you spend $7,500 in eligible purchases on the account owner’s card within the first 120 days of account opening. That bonus requires approximately $1,900 in monthly spending for the first four months, which is very feasible for companies that plan to issue multiple employee cards (free of charge).
Earn Up to 5X Points On Purchases.
The U.S. Bank Business Leverage® Visa Signature® Card specializes in unlimited cash back. Cardholders earn an impressive 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
Additionally, Leverage cardholders earn 2% cash back in the top two categories where you spend the most each month automatically, plus 1% cash back on all other purchases made with the card. With the U.S. Bank Business Leverage Visa Signature Card, there are no limits on the number of rewards that can be earned.
Eligible Bonus Categories
As mentioned, cardholders earn double rewards (2% cash back for every dollar spent on net purchases) on purchases made in the top two categories where they spend the most money. Categories available for double rewards include airlines, advertising, automotive repairs, computer services and stores, groceries, office supplies, hotels, insurance providers, and more.
How to Redeem Rewards
U.S. Bank cash back rewards offer a wide range of options for redemption. You have the flexibility to choose from different rewards, including cash back in $50 intervals, gift cards, travel expenses, and merchandise from a selection of top retailers. This allows you to maximize the value of your rewards and enjoy the benefits that suit your preferences and needs. Whether you prefer to receive cash back, treat yourself to a shopping spree with gift cards, or plan a vacation using your rewards to cover travel costs, U.S. Bank has you covered.
U.S. Bank Benefits
The U.S. Bank Business Leverage® Visa Signature® also provides several notable business features from U.S. Bank, including:
| ① Customer service | Like Discover, Chase, Amex, and other major issuers, U.S. Bank provides 24/7, U.S.-based customer service for all of its credit cardholders |
| ② EMV chip | While the bank states that “select cards” feature chip technology, in reality, all new U.S. Bank credit card products come with EMV chip technology. This technology provides an additional layer of security for point-of-sale purchases. |
| ③ Free TransUnion credit score access | All cardholders receive complimentary access to their TransUnion credit score each month. |
| ④ FlexControl™ | U.S. Bank also provides free card management tools via its FlexControl™ budgeting tools. These resources include automatic payment tools, account alerts, and more. |
| ⑤ No penalty APR | U.S. Bank cards don’t feature a penalty APR – a great feature that doesn’t penalize cardholders who miss payments. |
Complimentary Employee Cards
Another nice feature of the U.S. Bank Leverage is the availability of extra employee cards at no additional cost. This is a good savings over other business cards, which may charge a fee for additional cards.
Visa Signature® Benefits
Cardholders also enjoy Visa Signature benefits and protections, including the following:
| Zero Fraud Liability | Roadside Dispatch | Cardholder Inquiry Services |
| Lost/Stolen Card Reporting | Emergency Card Replacement | Auto Rental Collison Damage Waiver |
| Travel and Emergency Assistance Services | Purchase and Extended Protection | Lost Luggage Reimbursement |
Comparison
| U.S. Bank Business Leverage® Visa Signature® | American Express Blue Business Cash™ Card | Chase Ink Business Cash® | |
|---|---|---|---|
| Annual fee | $95 ($0 first year) | $0 | $0 |
| Rewards | Earn 5% back on eligible Capital One travel purchases, 2% back in the top two categories where you spend the most each month automatically, and 1% back on all else | Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% | Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year |
| Intro APR | N/A | 0% for 12 months on purchases | 0% for 12 months on purchases |
| Employee cards | Free | Free | Free |
What We Like About the Card
Solid Cash Back Rewards
The U.S. Bank Business Leverage® Visa Signature® Card is specifically designed to help business owners maximize their potential. With its cash back rewards program, you can earn money on every purchase you make, allowing you to reinvest in your business and fuel growth.
Automatic Bonus Categories
The Business Leverage Card’s great feature is the ability to add 2% cash back in your biggest spending categories. Bonus categories are great, but managing them (including activating categories each month) is frustrating and time-consuming. The Leverage streamlines this process and always gets your company the best possible rewards rate.
Things to Consider
The biggest downside with the U.S. Bank Business Leverage® Visa Signature® Card is its annual fee. Yes, U.S. Bank waives the fee for the first year and employee cards are free, but $95 is still a charge you can avoid. Chase’s Ink business cards, for example, provide similar benefits – plus 0% APR in many cases – with no annual fee.
U.S. Bank Ratings
How does the U.S. Bank rate as a lender? Here is a selection of expert reviews for U.S. Bank and its credit card products:
| BestCards | Better Business Bureau | TrustPilot |
|
3.5/5 |
N/A |
1.5/5 |
Should You Apply for the U.S. Bank Business Leverage Visa Signature Card?
Overall, the U.S. Bank Business Leverage Visa Signature Card is a no-nonsense business rewards card for businesses that want to make the most of their purchases while avoiding the headaches and monitoring of other rewards cards.
The flexible reward earning rate with the Business Leverage Visa Signature card is solid, but not spectacular, though U.S. Bank makes it very easy to redeem points for travel, merchandise, gift cards, and more. The card also features no annual fee for the first year, followed by a $95 fee each year after.
Other business credit cards to consider include Chase’s Ink cards, including the Chase Ink Business Cash and the Ink Business Unlimited—both excellent cash back options with no annual fee. The Ink Business Preferred also offers value but earns Ultimate Rewards points instead of cash back.
Browse Other Card Offers:
Editorial Disclosure – The opinions expressed on BestCards.com's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, BestCards.com lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.