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U.S. Bank has introduced a new business credit card to its lineup. Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®, a no-annual-fee card that earns triple cash back on select purchases that are used often (See Rates & Fees). There is also a $100 statement credit to enjoy as well as a signup bonus to earn. Here’s what you can expect from the U.S. Bank Business Triple Cash Rewards World Elite Mastercard.
The information for the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard
As mentioned above, cardholders can earn 3% cash back on select eligible purchases in the following categories:
- Gas stations and EV charging stations
- Office supply stores
- Cell phone service providers
- Restaurants
Also, earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Center.
Cardholders earn 1% cash back on all other eligible net purchases.
There are no limits on how much total cash back can be earned. Additionally, rewards won’t expire.
Signup Bonus
New U.S. Bank Business Triple Cash Rewards World Elite Mastercard® cardholders can earn $500 in cash back after spending $4,500 on the Account Owner’s card in the first 150 days of account opening.
$100 Annual Statement Credit
Another perk that can be helpful for business owners and employees is an annual $100 statement credit for recurring software subscription expenses. Such expenses include FreshBooks or QuickBooks.
Fees
This business credit card has no annual fee. So, that $100 annual statement credit for recurring software subscription expenses is essentially a free perk!
However, there is a 3% foreign transaction fee.
Credit Required
To get this card, good to excellent credit will be required.
Here’s more information on checking your business credit score.
Who Should Get The U.S. Bank Business Triple Cash Rewards World Elite Mastercard?
Is the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® right for your business? For one, having a $100 annual benefit for a no-annual-fee credit card is a very nice perk to enjoy, assuming you use an eligible software subscription service.
Additionally, earning triple cash back on everyday purchases is an easy way to rack up the rewards. Even better, unlike some small business credit cards, there are no limits on how much cash back can be earned. Some consumer and business cards cap the amount of cash back earned annually. Plus, earning is automatic. You don’t have to worry about activating reward categories.
Consider this card if your business can enjoy the perks, spend in the reward categories, and prefer earning cash back over travel rewards. 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.
Speaking of U.S. Bank Business Checking…
If you’re interested in business options, there are the U.S. Bank Business Checking accounts. There are several accounts available to fit a variety of needs. Accounts can be opened with a deposit as low as $100 or as much as $3,000. After you’ve got your account, you can add funds in several ways, including a check deposit at a U.S. Bank branch, ATM, or through the U.S. Bank app. Funds can also be added by completing an online transfer from another account or wiring money into your account.
Silver Business Checking Package
There’s the Silver Business Checking account option, designed for businesses with limited transaction activity. Members get 125 free transactions per month and a $0.50 fee for each additional transaction. There is a $0 monthly maintenance fee. Member FDIC.
Gold Business Checking Package
For businesses with moderate transaction activity, there is the Gold Business Checking package. Businesses get 300 free transactions per month, and each additional transaction is $0.45. There are also 100 free cash deposits per statement cycle plus a 50% discount on the first check order of up to $100. There is a $20 monthly maintenance fee. However, it can be waived. Member FDIC.
Platinum Business Checking Package
As you may have guessed, this package is for businesses with many transactions. Businesses get 500 free transactions per month, with a $0.40 fee for each additional transaction. There’s also a 50% discount on the first check order of up to $100, plus free Mobile Check Deposit. There is a waivable $30 monthly maintenance fee. Member FDIC.
Earn Up To $900 Bonus With A U.S. Bank Business Checking Account
Additionally, there’s an exciting promotional offer.
Promo code Q1AFL25 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts. Business Essentials is not available in all markets; contact a banker for more details.
Earn your $500 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
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Earn your $900 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $25,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $25,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC.
U.S. Bank Platinum Business Money Market Account
The U.S. Bank Platinum Business Money Market Account is another option worth considering. It comes with the ability to set aside excess cash from a checking account while getting paid the highest interest rate for your business. Additionally, you can link your savings to your U.S. Bank checking.
If you maintain a minimum balance of $10,000, you won’t have to pay the $15 monthly maintenance fee. You’ll also earn higher rates of interest the higher the balance. You will need a $100 minimum opening deposit.
Other features of the U.S. Bank Platinum Business Money Market Account include the following:
- ATM access
- Accrues interest daily and pays interest monthly
- FDIC Insurance up to $250,000
- Free U.S. Bank Internet Banking
Plus, your account can be linked to your U.S. Bank business checking account for overdraft protection.
Receive up to a 3.50% bonus interest rate
Open a new U.S. Bank Platinum Business Money Market Account and receive a bonus interest rate from the opening date. All Bonus interest rates may change without notice at any time. The following bonus interest rate is accurate as of today:
- 3.50% bonus interest rate when your account balance tier is between $50,000 to $2,999,999.99
This offer is limited to the Business Platinum Money Market account only. Standard variable interest rates are determined at the bank’s discretion and are subject to change at any time without notice. Speak to a banker about current deposit rates, rate disclosures, compounding and crediting, and other balance information. The minimum deposit to open a Platinum Business Money Market account is $100.
However, you must maintain the minimum balance needed for each tier to earn the interest rate. Interest will be compounded daily and credited to your account monthly at the end of the statement cycle. Fees could reduce earnings on the account, and other restrictions may apply.
For Platinum Business Money Market accounts with balances of $3 million or greater, the bonus interest rate does not apply, and the full account balance will earn the standard variable interest rate in effect until the balance is $2,999,999.99 or below.
Summary of The U.S. Bank Business Triple Cash Rewards World Elite Mastercard Review
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard is a viable no-annual-fee business credit card thanks to a $100 annual statement credit for recurring software subscription expenses (See Rates & Fees). Additionally, cardholders can earn 3% cash back on eligible purchases at restaurants, gas stations, office supply stores, and cell phone service providers.
