As expected, U.S. Bank has launched a new business card – the U.S. Bank Triple Cash Rewards Business Card. Card has no annual fee and comes with a $500 signup bonus, $100 annual software credit, and 3% cash back on gas, restaurants, office supply, and cell service.
- Get $500 signup bonus when you spend $4,500 within the first 150 days.
U.S. Bank is weird and does does not count spend on employee cards toward the minimum spend requirement.
Card earns the following cash back rates:
- 3% on select categories:
- restaurants/restaurant delivery
- gas stations (“purchases of gasoline greater than $200 will not be deemed to be a purchase of automotive gasoline and as such will earn a reward of 1%”)
- office supply stores
- cell phone service providers
- All other purchases earn 1%
No limit to the amount of rewards you can earn in the 3% or 1% categories. Rewards never expire.
Cash Rewards may be redeemed as a statement credit, U.S. Bank Rewards Card, or deposited to your U.S. Bank business checking, savings or money market account.
$100 Software Credit
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
An automatic statement credit of $100 per 12-month period will be applied to your Account within two statement billing cycles following 11 consecutive months of eligible software service purchases made directly with a software service provider. Eligible software service providers are identified by their Merchant Category Code (MCC) and purchases made at discount/retail stores or online retailers may not qualify.
I interpret this to mean that if you have a monthly QuickBooks or Excel subscription for $10 each month, then when the 12th monthly consecutive $10 charge posts to your account you’ll get $100 credit. I’m not sure what happens if your monthly charge is, say, $6 – would you still get the $100 credit, or get $72 credit, or get no credit (my guess is $100).
Other Card Details
- No annual fee
- No fee to add employee cards
- 3% foreign transaction fee
- 0% APR on purchases and balance transfers. After 15 billing cycles, it adjusts to a variable APR, currently ranging from 13.99% to 22.99%.
- Card works with with Apple Pay, Google Pay and Samsung Pay
The card looks interesting for the $500 signup bonus, the $100 software credit, and some will find the 3% categories worthwhile as well. Check out these Things to Know about U.S. Bank Credit Cards before applying, including the fact that U.S. Bank does not report business cards to the credit bureaus.
There’s apparently two versions of this card – a Visa and a World Elite Mastercard. Seems the public links are for the Visa card and the affiliate links are for the Mastercard. So strange. All other details are the same. If you want the Mastercard version, don’t use the link in the post (above), instead find an affiliate link with the Mastercard link. If anyone has a non-affiliate Mastercard link, let me know and I’ll add it in.