U.S. Bank Business Cash Rewards World Elite™ MasterCard®

Robin Saks Frankel  in  Business Advertising Disclosure
U.S. Bank Image

Recommended Credit Score

Excellent (740 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On U.S. Bank's secure website
Annual Fee:
$0*
Purchase Intro APR:
0%* for 15 billing cycles on purchases*
Balance Transfer Intro APR:
0%* intro on BTs for 15 billing cycles
Regular APR:
14.24%-25.24%* (Variable)
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 72 out of 100

Commonly used for: 0% APR, Business, Cash Back, Excellent Credit, No Annual Fee, Rewards.

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 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: Like some top business credit cards, Business Cash Rewards does offer a sign-up bonus. But 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 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 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
  • 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 and balance transfers for the first fifteen billing cycles. After that, it’s a variable 14.24% to 25.24% 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 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
Credit Needed

Regular APR

18.24% to 23.24%, 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 Cash Rewards World Elite MasterCard.

Ink Business Cash℠ Credit Card
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
Credit Needed

Regular APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 15.49% to 21.49%, 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 months that your Account is open. After that, 15.49% to 21.49%, 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?

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.
  • Plus, if you're a Business Advantage Relationship Rewards client, you can get up to a 75% rewards bonus on the base earn of every purchase you make. Your rewards bonus is based on your enrolled tier – Gold 25%; Platinum 50%; or Platinum Honors 75%.
Apply Now On Bank of America's secure website
Credit Needed

Excellent Credit

Regular APR

13.49% - 23.49% 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 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 is spent in the first 60 days of account opening, but also has that 3% foreign transaction fee attached.