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U.S. Bank Business Leverage® Visa Signature® Card review

Excellent

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What U.S. Bank says about this card

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  • Earn 75,000 points worth $750 cash back. Just spend $7,500 in eligible net purchases on the Account Owner's Card within the first four months of account opening.
  • Earn 2X points per dollar spent on eligible net purchases made in the top two categories where you spend the most each month - automatically.
  • Earn 1X points per dollar spent on all other eligible net purchases.
  • No caps or limits on the total points you can earn.
  • Earn even more rewards when you link your card to your U.S. Bank payment processing account. Only U.S. Bank rewards you for both taking payments and making purchases Learn more at usbrelationshiprewards.com.
  • Free employee cards

By Jennifer Doss CardRatings Editor  Updated Apr 21, 2020

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 introductory offer gives you a chance to cash in right out of the gate. You earn 75,000 bonus points when you make at least $7,500 in eligible purchases in the first four months after your card is activated. Those points are worth $750 in cashback.

The U.S. Bank Business Leverage® Visa Signature® Card rewards program features 48 categories of purchases. You earn 2X points for every dollar 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 1X point for each dollar on all other 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 cashback you can earn and no minimum "cash out" amount.

There is also an added feature not available with many business credit cards– If you accept payments through a U.S. Bank payments account, you can link your U.S. Bank Business Leverage® Visa Signature® Card and earn even more cashback rewards.

In addition, U.S. Bank Business Leverage® offers unlimited free employee cards.

There is no introductory interest rate but the regular rate of 16.49%* Variable is very competitive.

CardRatings Editor's Analysis: Pros & Cons

  • Earn 75,000 points, worth $750 cash back, once you spend $7,500 with the card within four months of opening an account.
  • This card rewards you for where you spend the most. Earn 2X points per dollar in the top two categories where you do the majority of your spending - automatically.
  • If you link your card to your U.S. Bank payment process account, you stand to earn even more! Only U.S. Bank rewards you for both taking payments and making purchases.
  • Earning 2X points 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 2X points on all purchases instead.

U.S. BANK BUSINESS LEVERAGE® VISA SIGNATURE® CARD POTENTIAL DOWNSIDES

The U.S. Bank Business Leverage® Visa Signature® Card has no annual fee for the first year, $95 thereafter.

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 introductory bonus of 75,000 points, and you will miss out on the full potential of cashback rewards available with this card, meaning the annual fee might not be worth it.

Similarly, if you don't accept payments through a U.S. Bank payment account, you miss out on some of the cashback rewards available.

If you tend to travel out of the country for business, it's important to know the U.S. Bank Business Leverage® Visa Signature® Card charges foreign transaction fees. It charges 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. dollars and 3% of each transaction in a foreign currency.

HOW U.S. BANK BUSINESS LEVERAGE® VISA SIGNATURE® CARD COMPARES TO OTHER CREDIT CARDS

U.S. Bank Business Leverage® vs. Citi® Double Cash Card

(this card is not currently available on cardratings)

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 - 18 month BT offer has no annual fee, compared to $95 (waived the first year) 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 0% interest for 18 months on all balance transfers (then 13.99% – 23.99% (Variable)). U.S. Bank Business Leverage® Visa Signature® Card offers 75,000 bonus points ($750 cashback value) if you spend at least $7,500 in the first four months after your card is activated.

U.S. Bank Business Leverage® has a flat 16.49%* Variable. Citi® Double Cash has a rate of 13.99% – 23.99% (Variable) depending on credit worthiness.

U.S. Bank Business Leverage® vs. CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® waives the annual fee for the first year and then jumps to $99 annually, which is similar to the U.S. Bank Busines Leverage® annual fee.

Neither card offers an introductory interest rate. U.S. Bank Business Leverage® has a flat 16.49%* Variable. CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® has a rate of 15.99% - 24.99% (Variable) 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 CitiBusiness® / AAdvantage® Platinum Select® World 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 sign-up bonus offers. U.S. Bank Business Leverage® Visa Signature® offers 75,000 bonus points ($750 cashback value) if you spend at least $7,500 in the first four months after your card is activated. CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® awards 70,000 American Airlines AAdvantage® bonus miles after spending $4,000 in purchases within the first four months after your card is activated.

The rewards programs of the two cards are very different. While U.S. Bank Business Leverage® has a simple cashback program (details above), CitiBusiness® / AAdvantage® Platinum Select® World 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.

One key difference for those who travel out of the country frequently on business– CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® charges no foreign transaction fees. U.S. Bank Business Leverage® Visa Signature® charges 2% on foreign transactions using U.S. dollars and 3% on transactions using foreign currency.

U.S. Bank Business Leverage® vs. U.S. Bank Cash+™ Visa Signature® Card

(This card is not currently available on CardRatings)

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. Neither card offers an introductory interest rate. U.S. Bank Business Leverage® has a flat 16.49%* Variable. U.S. Bank Cash+™ Visa Signature® Card has a rate of 13.99% - 23.99%* Variable depending on credit worthiness.

One feature U.S. Bank Cash+™ Visa Signature® Card offers that its sibling does not is an introductory 0% interest rate for 12 billing cycles on all balance transfers (then 13.99% - 23.99%* Variable).

Both cards have sign-up bonuses. U.S. Bank Business Leverage® Visa Signature® offers 75,000 points ($750 cashback value) when you spend at least $7,500 in the first four months after your card is activated. U.S. Bank Cash+™ Visa Signature® Card offers a $150 bonus when you spend just $500 within 90 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 2X points for every dollar in the two categories (out of 48) you spend the most in each month - automatically - and 1X point per dollar on all other 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 on certain "everyday" categories like gas and groceries, and 1% on all other purchases.

Top Features

Cash Back on Gas Cash Back on Groceries Cash Back on Other
Earn 2X points per dollar spent on eligible net purchases made in the top two categories where you spend the most each month - automatically. Earn 2X points per dollar spent on eligible net purchases made in the top two categories where you spend the most each month - automatically. Earn 1X points per dollar spent on all other eligible net 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 cashback 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. And if you happen to be a vendor taking purchases through U.S. Bank already, the chance to leverage your account for extra rewards makes this card a "must-have."

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 cashback rewards that can help your bottom line.

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