U.S. Bank Business Edge Cash Rewards World Elite MasterCard

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There’s a lot to like about this card, starting with the unlimited earnings potential.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

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Business owners who spend big on mobile phone service, gas and office supplies can save big with unlimited 3% cash-back rewards on the U.S. Bank Business Edge Cash Rewards World Elite MasterCard. This is the only card we know of that offers high category rewards without a spending cap.

That being said, we didn’t give this card a particularly high grade. There’s one big reason: Unlike the top business credit cards, Business Edge Cash Rewards offers no sign-up bonus. We favor cards that offer some enticement. The cards that win the highest marks from us offer upward of $500 after meeting certain spending requirements.

Review

The best thing about the U.S. Bank Business Edge Cash Rewards World Elite MasterCard is the unlimited earning potential. Most business credit cards set a spending cap on the highest cash-back rewards categories, but not this one.

And there’s no annual fee. There’s also a nice 25% annual bonus of your prior year’s rewards. Employees also get get free cards, but the main cardholder accrues the rewards. Ka-ching.

If the lack of a bonus bothers you, consider this: The unlimited cash-back rewards may be worth more in the long run than a first-year sign-up bonus, especially if your business spends heavily on gas, office supplies and cell phones. We still think this is a card worth considering if it aligns with your spending patterns.

We also love the included business management tools and Mastercard Elite perks. But big thumbs-down to a few of this card’s less desirable attributes. The foreign transaction fee means this card isn’t a smart choice for international travel. We also wish there was airport lounge access included.

Who should get this card

This card could be a good fit for business owners whose biggest expenses are on mobile phone service, gas and office supplies.

Advantages
  • There's no cap on rewards, even on the highest earning categories.
  • There's no annual fee.
  • Additional employee cards are free and accrue rewards.
Disadvantages
  • There's no sign-up bonus, something offered by most other business cards.
  • You'll pay a foreign transaction fee on purchases made outside the U .S., which makes this card a poor choice for international spending.
  • If your business' spending habits don't align with this card's bonus categories, another card may be a better choice.

Fees and APR

• Enjoy an introductory 0% APR offer on purchases for nine billing cycles. After that, it’s a variable 12.99% to 23.99% based on creditworthiness.
• There’s no annual fee.
• A penalty APR of 29.99% will apply if you make two or more late payments and will last for at least six months, plus a late fee of up to $39.
• There’s a balance transfer fee of 3%.
• You’ll pay a foreign transaction fee of 2% for U.S. dollars and 3% when the transaction is in a foreign currency on purchases made outside the U.S.

Extras, perks and using points

Receive a 25% annual bonus based on your prior year’s annual rewards, up to $250.

Additional employee cards are free and they earn cash rewards,too. This card also comes with online business management and accounting tools.

This card comes with Mastercard World Elite benefits including luxury travel upgrades and discounts, concierge service and access to exclusive events.

Rewards can be redeemed online and must be in $25 increments.

How this card compares

Ink Business Preferred℠ Credit Card
  • Earn 3X on travel, shipping purchases, advertising purchases made with search engines and social media sites, and Internet/cable/phone services, on up to $150,000 per year.
  • Earn 1X on all other purchases.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

16.99% to 21.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

$95.

Balance Transfers Intro APR


The Ink Business Preferred Credit Card has one of the best sign-up bonuses of any small business card, worth well more than the annual fee. The on-going perks are also excellent for tech and travel-heavy businesses.

Of course, this card is only a great choice if your spending habits align with the rewards categories of this card. If most of your spending is on office supplies or gas, for example, you may be better off with U.S. Bank’s Business Edge Cash Rewards World Elite MasterCard.

Ink Business Cash℠ Credit Card
  • 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • 2% cash back on the first $25,000 spent annually at gas stations and restaurants.
  • 1% cash back on all other card purchases with no limit to the amount you can earn.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Credit Needed

Excellent

Regular APR

0% fixed Intro APR for the first 12 billing cycles that your Account is open. After that, 14.24% to 20.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate..

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

0% fixed Intro APR for the first 12 billing cycles that your Account is open. After that, 14.24% to 20.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.


If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Business Cash Credit Card is like a small rectangular mentor. The no-fee card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers. Who couldn’t use a little breathing room when launching a new venture?

SimplyCash® Plus Business Credit Card from American Express
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
Credit Needed

Excellent

Regular APR

13.24% - 20.24% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 9 months

Balance Transfers Intro APR

N/A


The SimplyCash Plus Business Credit Card from American Express is among the very best business rewards credit cards on the market. In just about every respect — from rewards to the annual fee — this card stands tall among the elite business cards on the market.

The only reasons to shy away from this card would be if your work requires significant overseas travel or if your biggest expenses don’t match up with the bigger cash-back savings categories.

Bank of America® Business Advantage Cash Rewards Mastercard® credit card
  • Get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening – with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% on purchases at restaurants, and 1% on all other purchases.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
Credit Needed

Excellent

Regular APR

12.24% - 22.24% Variable APR on purchases and balance transfers

Annual Fee

$0

Purchase Intro APR

0% for 9 billing cycles

Balance Transfers Intro APR

N/A


Business Advantage Cash Rewards Mastercard from Bank of America has a similar rewards structure to the U.S. Bank Business Edge Cash Rewards World Elite MasterCard 3% but it’s capped at $250,000 and 1% on all other spending. The no-fee card offers a sign-up bonus worth $200 after $500 in spending but also has that 3% foreign transaction fee attached.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.