U.S. Bank Business Leverage® Visa Signature® Card review
This card offers attractive rewards that are easily attainable with a system that is both simple and personalized. You can earn 2% back in the top two categories where you spend the most.
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Key Features
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- Earn $750 cash back when you spend $7,500 on card purchases within 120 days of opening an account.
- This card rewards you for where you spend the most. Earn 2% cash back in the top two categories where you do the majority of your spending each month - automatically.
- Spend confidently with merchants abroad or take your business travel overseas – this card doesn't charge foreign transaction fees.
- Earning 2% back in the two categories where you spend the most is a great offering, but if you tend to spend all over the place, you might be better off with a card that earns a 2% on all purchases instead.
U.S. Bank Business Leverage® Visa Signature® Card BENEFITS
As a small business owner, the chance to earn rewards or cashback with your business credit card can be a huge asset; however, if those rewards are hard to achieve or the rewards system is too complicated, it can be more trouble than its worth.
The U.S. Bank Business Leverage® Visa Signature® Card offers attractive rewards that are easily attainable and a system that is both simple and personalized.
An attractive welcome offer gives you a chance to cash in right out of the gate. You earn $750 cash back when you make $7,500 in eligible purchases in the first 120 days after opening your account.
The U.S. Bank Business Leverage® Visa Signature® Card rewards program features 48 categories of purchases. You earn 2% cash back in the two categories you spend the most in each month – automatically. No need to choose categories or try to guess about future spending habits.
You earn 1% back on all other eligible purchases. If U.S. Bank Business Leverage® is your primary business credit card, that cash back can add up quickly. There is no limit on the amount of cash back you can earn and no minimum "cash out" amount.
In addition, U.S. Bank Business Leverage® offers unlimited free employee cards.
There is no introductory interest rate but the regular rate of RegAPR is very competitive.
U.S. Bank Business Leverage® Visa Signature® Card POTENTIAL DOWNSIDES
The U.S. Bank Business Leverage® Visa Signature® Card has a AnnualFees annual fee (waived the first 12 months). It isn’t a deal-breaker, but should be taken into consideration.
If you don’t intend to make U.S. Bank Business Leverage® your primary business credit card you might have trouble reaching the $7,500 expenditure threshold to earn the welcome bonus of $750, and you will miss out on the full potential of cash back rewards available with this card, meaning the annual fee might not be worth it.
HOW U.S. Bank Business Leverage® Visa Signature® Card COMPARES TO OTHER CREDIT CARDS
U.S. Bank Business Leverage® vs. Citi Double Cash® Card
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Either card would be an excellent choice as a primary business credit card for a small business but there are some notable differences.
Citi Double Cash® Card has no annual fee, compared to AnnualFees (waived the first 12 months) annually for the U.S. Bank Business Leverage® Visa Signature® Card.
The Citi Double Cash® Card offers 2% cash back on all purchases (1% cash back when you buy, plus an additional 1% as you pay for those purchases – to earn cash back, just be sure to pay at least the minimum due on time) and not just the top two spending categories each month, as with U.S. Bank Business Leverage®.
The introductory offers are quite different. Citi Double Cash® Card offers $200 cash back after you spend $1,500 on purchases in the first six months of account opening. U.S. Bank Business Leverage® Visa Signature® Card offers $750 cash back if you spend at least $7,500 in the first 120 days from account opening.
U.S. Bank Business Leverage® has a RegAPR APR. Citi Double Cash® has a rate of RegAPR on balance transfers depending on credit worthiness. Citi is a CardRatings advertiser.
U.S. Bank Business Leverage® vs. Citi® / AAdvantage Business™ World Elite Mastercard®
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Citi® / AAdvantage Business™ World Elite Mastercard® also has an annual fee: AnnualFees, which is similar to the U.S. Bank Business Leverage® annual fee.
Neither card offers an introductory interest rate. U.S. Bank Business Leverage® has RegAPR APR. Citi® / AAdvantage Business™ World Elite Mastercard® has a rate of RegAPR depending on credit worthiness.
Each card has certain benefits specific to business loyalties. U.S. Bank Business Leverage® offers additional cash back rewards if you link to your U.S. Bank payment account. With Citi® / AAdvantage Business™ World Elite Mastercard® your first checked bag is free on domestic American Airlines flights, you’ll receive 25% savings on American Airlines inflight Wi-Fi and preferred boarding on American Airlines flights.
Both cards have welcome bonus offers. U.S. Bank Business Leverage® Visa Signature® offers $750 cash back if you spend at least $7,500 in the first 120 days from account opening. With Citi® / AAdvantage Business™ World Elite Mastercard®, earn signup_reward American Airlines AAdvantage® bonus miles after spending signup_bonus_spend_amount in purchases within the first four months of account opening.
The rewards programs of the two cards are very different. While U.S. Bank Business Leverage® has a simple cash back program (details above), Citi® / AAdvantage Business™ World Elite Mastercard® gives you the chance to earn AAdvantage® miles. You earn two miles per $1 spent on eligible American Airlines purchases, purchases at telecommunications merchants, cable and satellite providers, car rental merchants and gas stations. You earn one mile per $1 spent on all other purchases. Miles can be redeemed for airline tickets and other travel related expenses, as well as gift certificates or statement credits.
U.S. Bank Business Leverage® vs. U.S. Bank Cash+® Visa Signature® Card
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These sibling cards have many similarities, as one might expect, but there are some key differences.
To start, the U.S. Bank Cash+® Visa Signature® Card does not charge an annual fee, while the Leverage® does have an annual fee. U.S. Bank Business Leverage® has a flat RegAPR. While the U.S. Bank Cash+® Visa Signature® Card offers an intro 0% APR on purchases and balance transfers for 15 billing cycles (then, RegAPR).
Both cards have welcome bonuses. U.S. Bank Business Leverage® Visa Signature® offers $750 cash back when you spend at least $7,500 in the first 120 days from account opening. U.S. Bank Cash+® Visa Signature® Card offers a $200 bonus when you spend just $1,000 within 120 days of account opening.
The rewards programs of the two cards feature a category system, but the U.S. Bank Business Leverage® Visa Signature® program is markedly simpler. You earn 2% cash back in the two categories (out of 48) you spend the most in each month – automatically – and 1% back on all other eligible purchases. With the U.S. Bank Cash+® Visa Signature® Card you must choose two "bonus" categories (out of 12) each quarter. You then earn 5% cash back on the first $2,000, combined, you spend in those categories each quarter ($100 bonus cap), but you also earn 2% cash back in one "everyday" category like gas and groceries, and 1% on all other eligible purchases.
IS THE U.S. Bank Business Leverage® Visa Signature® Card A GOOD CARD?
As a small business owner, especially in the historically unique climate of 2020, the ability to earn cash back is always welcome and the ability to do so in a simple, low-maintenance format is truly a gift.
The U.S. Bank Business Leverage® Visa Signature® Card is an excellent addition to the wallet of a small business owner.
Don’t let the annual fee scare you. If you make this your primary company card, you can cover that expense in short order and quickly start enjoying cash back rewards that can help your bottom line.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
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