The U.S. Bank Triple Cash Rewards Visa® Business Card lets business owners earn cash back in popular categories each year, plus cash back on all other spending. There’s no annual fee, and the card even comes with an intro APR offer for purchases and balance transfers.
About the U.S. Bank Triple Cash Rewards Visa® Business Card
The U.S. Bank Triple Cash Rewards Visa® Business Card is pretty attractive when you consider all it has to offer with no annual fee.
Small business owners and entrepreneurs can earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cellphone service providers and restaurants and 1% cash back on all other eligible purchases. Note that there are no caps that limit bonus rewards with this card, whereas many other business cards limit how much you can earn in rewards in certain spending categories.
Cardholders can also earn $500 in cash back after spending $4,500 in purchases within 150 days of account opening. While this isn’t the biggest bonus among all business credit cards available today, it’s pretty generous for a card with no annual fee.
Business owners who opt for the U.S. Bank Triple Cash Rewards Visa® Business Card can also enjoy something that’s rarely available with the best business credit cards — an intro APR offer.
Specifically, the card comes with 0% APR on purchases and balance transfers for 15 billing cycles (followed by a variable APR of 18.99% to 27.99%). It’s worth noting that balance transfers have to be completed within 30 days of account opening to qualify for the intro rate, but this is still an impressive (and rare) offer among business credit cards.
As an added bonus, cardholders get an annual credit worth up to $100 when they charge certain business software services to their card, including Freshbooks or Quickbooks.
While the above perks are all good ones, the U.S. Bank Triple Cash Rewards Visa® Business Card is unimpressive when it comes to cardholder benefits.
The U.S. Bank Triple Cash Rewards Visa® Business Card also charges 3% in foreign transaction fees if you decide to use it for business spending in other countries.
U.S. Bank Triple Cash Rewards Visa® Business Card basics
- Annual fee: $0.
- Welcome bonus: $500 in cash back after spending $4,500 on purchases within 150 days of account opening.
- Rewards: 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cellphone service providers and restaurants and 1% cash back on all other eligible purchases.
- Intro APR: 0% APR on purchases and balance transfers for 15 billing cycles.
- Regular APR: 18.99% to 27.99% variable APR.
- Balance transfer fee if any: Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
- Other perks and benefits: $100 credit toward eligible business software service purchases, including Freshbooks or Quickbooks.
- Does the issuer offer a preapproval tool? No.
- Recommended credit score: Good or excellent credit.
U.S. Bank Triple Cash Rewards Visa® Business Card details
U.S. Bank Triple Cash Rewards Visa® Business Card rewards
The U.S. Bank Triple Cash Rewards Visa® Business Card offers unlimited rewards in a few different tiers.
First, cardholders earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cellphone service providers and restaurants and 1% cash back on all other eligible purchases.
When it comes time to redeem rewards, this business credit card keeps the process relatively simple. You can redeem rewards for a statement credit to your account, or opt for a deposit to a U.S. Bank checking, savings or money market account.
U.S. Bank Triple Cash Rewards Visa® Business Card rewards potential
Using government data and other publicly available information, we estimate that a household in the U.S. that might be in the market for this card has an annual income of $84,352 and $25,087 in expenses they are likely to be able to charge to a credit card.
If a business spent $10,000 of its regular purchases in the card’s 3% cash back bonus categories and the rest at the 1% cash back rate, the cardholder would earn $450.87 in rewards over the course of 12 months. The cash back haul would break down as follows:
- $10,000 at 3% cash back = $300
- $15,087 at 1% cash back = $150.87
When you add in the $500 welcome bonus that’s available for cardholders who spend $4,500 within 150 days of account opening, the total first-year rewards estimate works out to $950.87.
U.S. Bank Triple Cash Rewards Visa® Business Card APR details
The U.S. Bank Triple Cash Rewards Visa® Business Card is unique because it offers an introductory APR that applies to both purchases and balance transfers for more than a year.
Specifically, cardholders can enjoy a 0% intro APR on purchases and balance transfers for 15 billing cycles, followed by a variable APR of 18.99% to 27.99%. A balance transfer fee of either 3% of each transfer or $5 minimum, whichever is greater, applies.
This offer makes the U.S. Bank Triple Cash Rewards Visa® Business Card a solid choice for business owners who want to make a large purchase and pay it down over time. However, users can also consolidate other business debts with this card and pay down their balances interest-free for even more savings.
Note that a 3% balance transfer fee (minimum $5) applies for those who use the U.S. Bank Triple Cash Rewards Visa® Business Card to consolidate high-interest debt.
U.S. Bank Triple Cash Rewards Visa® Business Card pros
- Save money on interest for more than a year. This card’s introductory interest rate is very rare among business credit cards, especially when you consider the fact it applies to both purchases and balance transfers.
- No annual fee required. Not paying an annual fee means you can keep this card for the long haul without paying for the privilege.
- Simple, yet lucrative rewards. Earning cash back in popular business spending categories can help you rack up rewards in a hurry, and earning more cash back on eligible prepaid travel expenses through U.S. Bank is another promising perk.
- Big welcome bonus. The welcome bonus on this card is fairly easy to earn since it allows 150 days from account opening to meet the spending target. It’s also generous for a credit card with no annual fee.
U.S. Bank Triple Cash Rewards Visa® Business Card cons
- Mediocre benefits. Other than the $100 credit you get for Quickbooks or Freshbooks, this card offers almost no other benefits.
- Low earning rate on regular spending. It’s worth noting that some business cards offer a higher earning rate on everything you buy, although often without bonus categories.
- High ongoing APR. Introductory rates never last forever, and this card charges a high ongoing APR once the introductory period is over.
- Limited redemption options. You can only redeem your rewards for statement credits or a transfer to eligible U.S. Bank accounts.
How the U.S. Bank Triple Cash Rewards Visa® Business Card compares to other business cards
U.S. Bank Triple Cash Rewards Visa® Business Card vs. Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card* also comes with no annual fee, and it skips over bonus categories to offer unlimited 1.5% cash back on all purchases instead. The Ink Business Unlimited® also offers a $750 cash back after spending $6,000 on purchases in the first three months of account opening, which helps it stand out even more.
The Ink Business Unlimited carries an array of benefits, including an0% intro APR for 12 months on purchases, then a 17.99% to 23.99% variable APR for purchases and balance transfers. A balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies), primary rental car coverage when you rent a car for business purposes, roadside dispatch, purchase protection against damage or theft, extended warranty coverage on eligible items and more.
*The information for this card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
U.S. Bank Triple Cash Rewards Visa® Business Card vs. Capital One Spark Cash Select
The no-annual-fee Capital One Spark Cash Select offers a flat 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. New account holders can also rack up a welcome bonus of $500 cash bonus after spending $4,500 on purchases in the first three months of account opening.
While this business credit card doesn’t have an intro APR offer, the fact there’s no foreign transaction fees means it can be a great option for business travelers who want to use their card outside the United States.
U.S. Bank Triple Cash Rewards Visa® Business Card vs. American Express Blue Business Cash™ Card
If you prefer to earn a simple yet high rewards rate, look to a card like the American Express Blue Business Cash Card (terms apply). This business card comes with no annual fee, yet cardholders earn a flat 2% cash back on all eligible purchases, up to $50,000 per calendar year, then 1%. New cardmembers can also earn a welcome bonus of $250 statement credit after spending $3,000 on purchases in the first three months of account opening.
The Amex Blue Business Cash card also stands out due to its intro APR offer, which gives you 0% intro APR on purchases for the first 12 months, then a 18.24% to 26.24% variable APR).
Should you get the U.S. Bank Triple Cash Rewards Visa® Business Card?
If you are looking for a basic cash-back business credit card, the U.S. Bank Triple Cash Rewards Visa® Business Card could be a fit. Not only will you earn an unlimited 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cellphone service providers and restaurants and 1% cash back on all other eligible purchases. The welcome bonus can push your first-year rewards even higher, and there’s no annual fee to boot.
That said, you may want to look at other business credit cards if you want more perks or you prefer to earn a higher cash-back rate on all your spending. Compare all the best business cards on the market today side-by-side, and you’re bound to find the best option for your business needs.
U.S. Bank Triple Cash Rewards Visa® Business Card summary
Frequently asked questions (FAQs)
The U.S. Bank Triple Cash Rewards Visa® Business Card is geared to consumers with a good credit score or better. This typically includes FICO scores of 670 or higher.
Rewards earned with this card can be redeemed for statement credits or transfers to eligible accounts held with U.S. Bank.
The application for this card asks for an Employer Identification Number (EIN) and it does not list the option to include your Social Security number (SSN) instead.
