U.S. Bank Triple Cash Rewards Visa® Business Card
- Best for: Small businesses whose card spending centers on gas, office supplies, phone service, and restaurants
- What Sets It Apart: Uncapped 3% back in four everyday business categories, plus a yearly $100 software credit
- Welcome Offer: $750 cash back after $6,000 in purchases on the owner’s card within 180 days
- Rewards: 3% at gas stations and EV chargers (up to $200 a transaction), office supply stores, cell phone carriers, and restaurants; 5% on hotels and car rentals prepaid in the Travel Center; 1% on the rest; no cap
- Features: $100 yearly credit after 11 straight months of software subscriptions; free employee cards with Spend Management; rental car, purchase, and warranty coverage
- Annual Fee: $0
- Intro APR: 0% for 12 billing cycles on purchases and on balances transferred within 30 days of opening
- APR: 17.49% - 26.49% variable
- Cost: 5% balance transfer fee ($5 minimum); 3% foreign transaction fee
- Eligibility: U.S. business owners 18 or older, sole proprietors included
- Pros: No cap on the 3% categories; $100 software credit; same 0% intro as the Business Shield
- Cons: 1% outside the four categories; 1% on gas or charging over $200; no 3% at wholesale clubs or supercenters; 3% foreign transaction fee
Get the U.S. Bank Triple Cash Rewards Visa® Business Card if more than half of your business’s card spending goes to gas, office supplies, cell phone service, and restaurants. It pays 3% there with no annual fee or cap, but just 1% elsewhere, where a flat 2% card earns more.
You can apply as a sole proprietor, so a side business doesn’t need to become a company first. The application asks for an employer identification number (EIN), a tax ID the IRS issues free online, and U.S. Bank checks your personal credit and holds you liable for the balance.
Key Features
- 3% cash back at gas and EV charging stations, office supply stores, cell phone carriers, and restaurants
- 1% on everything else, and 5% on hotels and car rentals prepaid through U.S. Bank’s Travel Center
- $750 cash back after $6,000 in purchases on the owner’s card within 180 days of opening
- Intro annual percentage rate (APR) of 0% for 12 billing cycles on purchases and on balances transferred within 30 days of opening, then 17.49% - 26.49% variable
- $0 annual fee and free employee cards
Pros
- No cap on the 3% categories or on the cash back you can earn
- $100 statement credit every 12 months after 11 straight months of software subscriptions, such as QuickBooks, bought directly from the provider
- A 0% intro period that matches the one on the Business Shield, the card U.S. Bank markets for its low intro APR
- Spend Management tools to monitor and manage what employees charge
Cons
- Only 1% outside the four categories, half what a flat 2% card pays
- Gas or EV charging over $200 in one transaction earns 1%
- No 3% at wholesale clubs or at discount stores and supercenters such as Target and Walmart
- 3% foreign transaction fee
- 5% balance transfer fee, $5 minimum
A business that puts more than half its card spending in the four categories earns more with this card’s 3% and 1% than with a flat 2% card. For owners whose costs run mostly elsewhere, U.S. Bank’s no-fee Business Essentials card earns more cash back than this one, at 2% on every purchase, or up to 2.5% with $10,000 in U.S. Bank business checking.
Learn more about the U.S. Bank Triple Cash Rewards Visa® Business Card or see how it compares to the best small business credit cards.
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