| Last updated on March 4th, 2024
U.S. Bank Triple Cash Rewards Visa® Business Card
U.S. Bank Triple Cash Rewards Visa® Business Card
U.S. Bank Triple Cash Rewards Visa® Business Card
- 19.24% to 28.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 19.24% to 28.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
- 0% for 15 months Intro Purchase APR
At a Glance
The U.S. Bank Triple Cash Rewards Visa® Business Card offers a decent cash back sign-up bonus, up to 3% back on eligible purchases, and two 0% intro APR periods, all for no annual fee.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- 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
- Introducing the U.S. Bank Business Triple Cash Rewards, the card that gives back on all your eligible business needs
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants
- 1% cash back on all other eligible net purchases
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center
- 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 purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 15.49% to 24.49%
- No annual fee
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Intro Purchase APR: 0% for 15 months
- Regular Purchase APR: 19.24% to 28.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 15 months for balances transferred within 30 days from account opening.
- Balance Transfer APR: 19.24% to 28.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either 5% of the amount of each advance or $10 minimum, whichever is greater
- Penalty APR: 29.99%
- Foreign Transaction Fee: 3% of each foreign transaction in U.S. dollars
- Late Payment Penalty Fee: $40
- Return Payment Penalty Fee: $40
- Over Limit Penalty Fee: $40
- You own a small business and want to invest in its infrastructure or software
- You have an existing credit card balance you want to pay down at a lower rate
- You spend frequently on categories like gas stations, dining, or office supplies
- You do't want to pay an annual fee
In-Depth Review: U.S. Bank Triple Cash Rewards Visa® Business Card
The U.S. Bank Triple Cash Rewards Visa® Business Card is an impressive cash back rewards business card that provides an exceptional earning rate, statement credits, and more – all for a $0 annual fee.
Who Can Benefit from the Triple Cash Business Card?
The Triple Cash Rewards Visa® is an intriguing cash back card that benefits businesses of all sizes. But small businesses that want streamlined rewards in critical categories will get the best value with the card. That’s because the triple cash back categories are expansive enough to rewards even the smallest of businesses with generous cash back, intro APR on purchases, and no hidden fees.
How to Get the Card
Credit Needed
Most U.S. Bank business cards, including the Triple Cash Business Card, require a good to excellent credit score, typically a FICO score of 670 or higher or a VantageScore of 661 or higher, for approval.
Application Information
When applying for the U.S. Bank business credit cards, you will need to provide the following information:
- Personal Information:Name, address, date of birth, Social Security number/ITIN, and personal income.
- Business Information:Business structure, Employer Identification Number (EIN), legal business name, country business was formed in, year business started, business physical mailing address, business gross annual revenue, and industry type.
- Co-Owners Information:Name, address, date of birth, and Social Security Number/ITIN of individuals with at least 25% controlling and/or financial interest in the business.
- Employee Cards Information:If applicable, information for each additional employee card requested, including name, date of birth, Social Security Number/ITIN, and anticipated monthly spend on the card.
Introductory APR Benefit
Beyond no annual fee, the car Triple Cash Rewards Visa® Business Card also provides the ideal platform for companies looking to finance significant purchases or eliminate an existing debt at a lower rate. The Triple Cash Rewards comes with two promotional 0% intro APR periods: purchases and balance transfers.
New accounts enjoy 15 billing cycles of no interest on purchases and balance transfers made within 30 days of opening an account. This bonus APR period offers exceptional value and can help a growing company invest in the software and infrastructure it needs—and then pay off that balance over time without additional interest.
Once the introductory APR periods expire, businesses can anticipate a competitive purchase APR that varies based on your creditworthiness and the Prime Rate.
Software Statement Credit
Another excellent feature of the U.S. Bank Triple Cash Rewards Visa is the annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks. This statement credit is automatically added to the account after 11 consecutive months of eligible software service purchases made directly with a software service provider.
This feature is a great perk for a company that relies on expense management software. Sure, it likely won’t offset the entire subscription price for whatever option you choose, but it can significantly reduce that cost without additional fees (like an annual fee).
How to Earn Rewards
Welcome Offer
The Triple Cash Rewards Business Card also comes with a decent sign-up bonus that further accelerates the card’s cash-back potential. New accounts earn $500 cash back after spending $4,500 on qualifying purchases in the first 150 days of opening the account.
Earn Up to 3% Cash Back
As the name implies, the Triple Cash Rewards Card from U.S. Bank earns 3% cash back on select categories. Those categories are exceptional and provide the savings small companies need to help keep costs at a minimum while conducting business.
Businesses earn 3% cash back on the following eligible purchases:
- Gas stations
- Office supply stores
- Cell phone service providers
- Restaurants
These 3% back categories are unlimited, which is a great feature considering many card issuers cap those top-tier rewards at $15,000 per year for some of their cards. However, that’s not to say that there are no restrictions with those bonus categories. Purchases of gasoline greater than $200 are not eligible for 3% back—instead, they only earn 1% back, for instance.
All other purchases with the U.S. Bank Triple Cash Rewards Visa® Business Card earn an unlimited 1% cash back. There are no caps on the total number of rewards a business can earn, and rewards never expire.
Earn Additional Rewards with the U.S. Bank Rewards Center Earn Mall
Companies also have access to the Rewards Center Earn Mall. The Earn Mall offers an easy way to earn additional points while shopping online at over 1,100 stores using your U.S. Bank business credit card.
How to Redeem Rewards
Redeeming rewards with U.S. Bank is a simple and straightforward process that allows you to make the most of your accumulated points. With a wide range of options available, you can choose from various rewards, including merchandise, gift cards, cash back, travel, and more. To claim your rewards with a U.S. Bank Rewards Card, you only need a minimum of $25 in cash back rewards. This ensures that you have enough points to enjoy the benefits of your hard-earned rewards.
U.S. Bank Benefits
The U.S. Bank Triple Cash Rewards Visa® offers several notable features, including the ones listed below:
| 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. |
Visa® Business Benefits
| Zero Fraud Liability | Roadside Dispatch | Cardholder Inquiry Services | Purchase and Extended Protection |
| Lost/Stolen Card Reporting | Emergency Card Replacement | Auto Rental Collison Damage Waiver | Travel and Emergency Assistance Services |
Comparison
| U.S. Bank Triple Cash Rewards Visa® Card | BILL Divvy Corporate Card | Ink Business Cash® | |
|---|---|---|---|
| Annual fee | None | None | None |
| Foreign transaction fee | 3% | See terms | 3% |
| Rewards | Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants, and 1% back on all else | Earn up to 7X on dining purchases, up to 5X on hotels, up to 2X on recurring software subscriptions, and up to 1.5X on all other purchases | Earn 3X on travel, shipping, internet, cable and phone services and advertising purchases made with social media sites and search engines on the first $150,000 in combined purchases each account anniversary. |
| Employee cards | Free | Free | Free |
What We Like About the Card
Impressive Rewards
One of the Triple Cash Rewards Card’s best features is the 3% back businesses earn on eligible bonus categories. Those rewards are in critical business spending categories like gas and EV charging, office supplies, phone plans, and more.
No Annual Fee
There is no annual fee for the card is another great benefit. And since employee cards are free of charge, there is no limit to the total amount of cash back your company can earn.
Things to Consider
Foreign Transaction Fee
However, one thing to keep in mind is that the U.S. Bank Triple Cash Rewards Visa® Business Card does charge a foreign transaction fee of 3% of each foreign transaction in U.S. dollars. This is not a deal-breaker – just something to consider.
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 Triple Cash Rewards Visa® Business Card?
Overall, the U.S. Bank Triple Cash Rewards Visa® Business Card is an extremely exciting credit card for small businesses that want plenty of perks but no annual fee. The card offers an unlimited 3% back on select purchases – but those categories are broad enough to provide significant everyday value.
With additional savings thanks to two introductory 0% APR periods (both lasting 15 months), a suite of U.S. Bank and Visa business tools and offers, and an easy-to-achieve cash back sign-up bonus, there is plenty to love with the U.S. Bank Triple Cash Rewards. Oh, did we mention that the card charges no annual fee?
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 that feature no annual fee. The Ink Business Preferred also offers value but earns Ultimate Rewards points and not cash back.
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