U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Review

Small Business Card

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

Top Features

• Rewards
• Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center. 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.
• Welcome Bonus
• Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
• Annual Fee
• $0

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Credit Score: Excellent/Good

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The CardName gives business owners a high rate of cash-back rewards on many everyday expenses. This no-fee business credit card also offers an easy rewards redemption process, various card protections, and an introductory bonus offer for new cardholders.

Here’s a look at what’s included with the CardName, how it compares to other business credit cards, and what kind of business owner would benefit from it the most.

U.S. BANK BUSINESS TRIPLE CASH CARD REWARDS

The CardName offers cash-back rewards for business expenses in three distinct categories:

• 3% cash back on eligible purchases made on gas (and EV charging stations), at office supply stores, with cell phone providers, and at restaurants
• 5% cash back on eligible prepaid hotels and rental cars, when booked through the Rewards Center
• 1% cash back on all other eligible purchases

Earned rewards never expire, as long as your account is open and in good standing. There are no limits on the cash back you can earn, either.

Once you accrue $25 or more, cash back rewards can be redeemed for statement credit or a U.S. Bank rewards card. You can also have them deposited directly into your U.S. Bank business checking, savings, or money market account.

U.S. BANK BUSINESS TRIPLE CASH CARD BENEFITS

The CardName also offers additional benefits and protections beyond cash rewards. Here are a few of these benefits and what they provide to business owners:

• Introductory bonus offer: If you spend $4,500 or more on your card in the first 150 days of opening an account, you’ll earn a $500 bonus.
• Introductory APR offer: Enjoy 0% intro APR on new purchases and balance transfers for 15 billing cycles (then RegAPR).
• No annual fee.
• $100 software credit. Enjoy an annual $100 software credit for recurring software subscriptions, like Quickbooks, Freshbooks, and more.
• Extended warranty protection. Purchases made with this card may be eligible for double the original manufacturer’s warranty, up to an additional year and for a maximum coverage amount of up to $10,000.
• Rental car coverage. If you use your card to book a rental car, it will be covered for any loss or damage during the rental period. Simply use the card to charge the entire rental amount and decline the rental car company’s optional collision or damage coverage.
• Travel and emergency assistance. If you need help while traveling, a range of emergency medical, legal, and travel services are available to you 24 hours a day.

WHAT ARE THE POTENTIAL DOWNSIDES OF THE U.S. BANK BUSINESS TRIPLE CASH CARD?

With no annual fee, competitive introductory offers, and three beneficial cash back rewards categories, the CardName is a good choice for many small business owners. At the very least, it can be worth trying out just to see how well it integrates with your business… especially since there is no cost for holding the card.

That said, it might not be the right credit card for businesses that make significant purchases on travel, postage, machinery, or appliances, just to name a few. While it offers 5% back on prepaid hotels and rental cars, those have to be booked through the Travel Center platform to qualify – and things like flights are not covered. There also aren’t notable travel protections, such as lost or delayed baggage coverage, or trip cancellation coverage.

Other categories, like postage or machinery, earn just 1% back in the "other" category. If a bulk of your business’ expenses fall into this category, it might be worth seeing if another business credit card can earn you more cash back through the year.

HOW DOES THE U.S. BANK BUSINESS TRIPLE CASH CARD COMPARE TO OTHER CARDS?

Not sure if the CardName is right for you and your business? Here’s how it measures up against some other popular business credit cards.

U.S. Bank Business Triple Cash Card vs. CardName

Instead of earning between 1% and 5% in different cash-back rewards categories, the CardName offers a flat 1.5% cash back on all business purchases, regardless of category. Like the U.S. Bank Business Triple Cash Card, the Ink Business Unlimited® has no annual fee. Chase Ink Business Unlimited® also offers a $900 introductory bonus – $400 more than the bonus offered by the U.S. Bank card – but you’ll also have to spend more money in a shorter period of time if you want to earn it. With the Chase Ink Business Unlimited® card you must spend $6,000 or more in the first three months of opening an account to earn the bonus.

This card also offers an introductory 0% APR on purchases made within the first 12 months (then RegAPR). However, unlike the U.S. Bank Business Triple Cash Card, there is no introductory APR offer on balance transfers. The purchase APR offer is also shorted by three months.

U.S. Bank Business Triple Cash Card vs. CardName

There are two versions of the Spark Cash Select card from Capital One: the one we’ll talk about here, the CardName, and another version (CardName) that offers a 0% introductory APR but no bonus offer. Depending on what you need most, one version may be more lucrative for you and your business than the other.

With this version of the CardName, new cardholders can enjoy unlimited cash back and no annual fee, just like with the U.S. Bank card. Both cards also offer a $500 introductory bonus offer when you spend $4,500 or more after opening the card. The difference is that the Capital One Spark Cash Select gives you just three months to make those purchases, while the U.S. Bank Business Triple Cash Rewards card gives you 150 days.

With the Capital One Spark Cash Select, you’ll earn 1.5% cash back on all purchases for your business, regardless of category. There is no introductory APR offered with the CardName, however, either with new purchases or balance transfers.

U.S. Bank Business Triple Cash Card vs. CardName

The CardName card doesn’t earn cash back, but it does earn points that can then be converted into cash, travel, statement credits, gift cards, and more in the Chase Ultimate Rewards portal. This card offers 90,000 points to new cardholders who spend $8,000 or more in the first three months of card ownership. While this is a much higher spend requirement than any of the other cards in this list, it’s also more valuable: 90,000 points can be worth up to $1,125 when used to pay for travel expenses, or $900 when converted to cash.

Cardholders have the ability to earn unlimited points. You’ll earn 3X points on every $1 spent on travel, shipping, advertising services, internet/cable/phone services, or social media sites and search engines. This 3X cash back is limited to the first $150,000 spent each year, however. After that – and for every $1 you spend elsewhere – you’ll earn 1X point per dollar.

There is a AnnualFees annual fee with the CardName, so it’s more costly than the U.S. Bank card. There also isn’t an introductory APR with this card, so you won’t have an opportunity for 0% interest on either new purchases or balance transfers.

IS THE U.S. BANK BUSINESS TRIPLE CASH CARD A GOOD CARD?

So, is the CardName right for you? Well, it depends on what your business needs and how you operate.

The card offers a good bonus for new cardholders, with a relatively low required spending threshold. An introductory 0% APR is available for both new purchases and balance transfers, potentially saving you money on new and previous spending.

If your business spending fits pretty well into the 3% and 5% categories, it can also be a great option for cash-back rewards, especially since these rewards are unlimited and never expire. When you factor in the $100 software credit each year, the card can be pretty valuable… and it doesn’t even charge an annual fee.