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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U.S. Bank Business Leverage® Visa Signature® Card
- Rewards
- 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 Rewards Center.
- Welcome Bonus
- 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.
- Annual Fee
- $0 intro for 12 months, $95 after
Credit Score: Excellent/GoodKey Features
- 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 Rewards Center.
- No annual fee for the first year and $95 thereafter.
- 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
Editor Analysis:
- 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.
CardName 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 CardName 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 CardName 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.
CardName POTENTIAL DOWNSIDES
The CardName 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 CardName 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.
CardName has no annual fee, compared to AnnualFees (waived the first 12 months) annually for the CardName.
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. CardName 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 depending on credit worthiness. Citi is a CardRatings advertiser.
U.S. Bank Business Leverage® vs. CardName
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CardName 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. CardName 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 CardName 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 CardName earn 65,000 American Airlines AAdvantage® bonus miles after spending $4,000 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), CardName 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. CardName
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These sibling cards have many similarities, as one might expect, but there are some key differences.
To start, the CardName 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 CardName 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. CardName 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 CardName 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 CardName 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 CardName 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.
Our Methodology
Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.
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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