The
U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a good credit card for business owners with good credit or better who want to earn bonus rewards in popular business spending categories and avoid interest on company financing for well over a year.
U.S. Bank Business Triple Cash is easily worthwhile, given its
$0 annual fee.
U.S. Bank Business Triple Cash Review Highlights
Best for four types of purchases
The
U.S. Bank Business Triple Cash Card offers a base rewards-earning rate of 1% cash back, which is roughly the
market average for a cash back credit card. That rate applies to all purchases except for those in four specific spending categories: 1) Cellular phone service providers; 2) Gas purchases of $200 or less; 3) Purchases made at office supply stores and 4) Restaurant purchases. Such spending yields 3% cash back.
As a result,
U.S. Bank Business Triple Cash is best for small business owners whose biggest expenses include those four bonus categories. And ideally, you’ll use it only for such purchases, opting for a card with a higher base earning rate for other everyday spending.
Valuable initial bonus
The
U.S. Bank Business Triple Cash Card offers a rewards bonus of
$500 cash back for spending $4,500 in the first 150 days. That’s a pretty sweet deal, given that the average cash back bonus is
$228.
No annual fee to account for
The fact that the
U.S. Bank Business Triple Cash Card doesn’t charge an annual fee makes it
$22.29 per year cheaper than the average credit card, but that isn’t necessarily a good thing. Sure, all else being equal, not having to pay an annual fee is preferable. But you shouldn’t discount a card just because it charges a fee or automatically gravitate to those that don’t.
Many of the best credit cards have annual fees, but they still offer the most value thanks to especially generous rewards. You just have to take both sides of the equation – how much you’ll earn and how much you’ll have to spend – into account when comparing offers.
0% introductory APR
U.S. Bank Business Triple Cash offers
0% for 15 billing cycles on both new purchases and balance transfers. For context, other cards offer 0% for an average of
11 months on purchases and
13 months on balance transfers.
High regular APR
The card’s regular APR is above the
market average for cards that require excellent credit. And it also has the potential to be above average even for a good-credit credit card. So nothing special there.
Even more importantly, carrying a balance from month to month with a business credit card when the intro period ends is inherently risky. Because standard consumer protections don’t apply to business cards, a credit card company can increase the rate on your balance at any time.
Good personal credit is the key
Business really is personal as far as credit is concerned, seeing as all major issuers base business credit card approval on your personal credit history. And since it must be top-notch for you to qualify for the
U.S. Bank Business Triple Cash Card, you may want to
check your latest credit score for free on WalletHub before submitting an application.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.