U.S. Bank FlexPerks® Business Edge™ Travel Rewards Card

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If your business spends big on charitable donations and cell service, pick this card. Otherwise, skip it.

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

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The U.S. Bank FlexPerks Business Edge Travel Rewards Card offers a just-OK rewards rate for travel purchases, and the rewards you collect are a bit cumbersome to track. But this card does offer one rare reward — incentive to make charitable donations.

Review

If your corporate credo is philanthropic, the U.S. Bank FlexPerks Business Edge Travel Rewards Card will reward you for it. FlexPerks branded cards offer triple rewards for charitable and social services donations. While that’s a nice incentive, it may not make the best sense financially compared to a different type of rewards program. We should also point out that reward rate is scheduled to fall to double the FlexPoints for every dollar spent from triple the points.

This card pays a respectable 2 FlexPoints for every $1 spent on cellular service provider charges. Then it gets confusing. When it comes to spending at gas stations, airline tickets or on office supplies, the card pays 2 FlexPoints for every $1 spent, but only on the category you spend the most on for that month. All other spending earns 1 FlexPoint per $1 spent.

Let’s say in January your business spent $1,000 at the gas station, $800 on office supplies and $200 on airline tickets. In this scenario you’d get double the FlexPoints on that $1,000 spent at the pump and only 1 FlexPoint per dollar on the rest. But now it’s February, and your company sends a team of people on a trip where the airfare for the group is $2,000, and gas station and office supply spending remain the same at $1,000 and $800 respectively. Since your business spent the most on airline charges that month, you’d earn double FlexPoints on the $2,000 in airfare charges and 1 FlexPoint per dollar on gas station, office supplies and all other spending.

We think these terms are a bit confusing, and there are other cards that are likely to offer higher overall rewards.

If you spend at least $24,000 annually on this card, you’ll get the $55 annual fee (waived the first year) plus the $10 for each additional employee card fee reimbursed. Although it’s a nice offer, there are several other business credit cards that offer employee cards at no additional cost.

You’ll also receive a sign-up bonus of 20,000 FlexPoints, worth $300 in airfare, if you spend $2,000 on the card within four months of opening the account.

Unless you plan on pairing this card strategically with another card, it’s probably best to take a pass in favor of a card that has more overall to offer.

Who should get this card

A company whose biggest outlays are on charitable donations may want to use this card for spending in that category.

Advantages
  • You may never have to pay an annual fee if you spend at least $24,000 annually.
  • The card pays the highest rewards available on a business card for charitable donations.
  • FlexPoints take on 50% more value when used for airfare redemptions.
Disadvantages
  • FlexPoints expire five years after the end of the calendar quarter in which they were earned.
  • Other cards offer higher rewards potential on office supplies and travel purchases.

Fees and APR

  • The APR on purchases and balance transfers is a variable 12.99% to 23.99% based on creditworthiness.
  • Annual fee is $55 for the primary cardholder and $10 for each additional cardholder, waived the first year.
  • Pay no foreign transaction fees on purchases made outside the U.S.
  • Late or missed payments may subject you to a penalty APR of 29.99%, which will apply for a minimum of six months, plus a late payment charge of up to $39.

Extras, perks and using points

All FlexPoints can be pooled to one Central Bill account. To redeem your rewards, log into your account online and select “Redeem Rewards.” A FlexPoint is worth approximately 1.5 cents when redeemed for airfare and 1 cent when redeemed for other merchandise. Airline ticket redemptions start at 20,000 FlexPoints, select merchandise and gift cards start at 1,000 FlexPoints and cash back in the form of a statement credit starts at 5,000 FlexPoints.

Each FlexPerks redemption for a round-trip airline ticket will receive an airline incidental credit of $25.

Get a complimentary membership to the Andrew Harper Travel Club, a travel reviews site, by opting in through your U.S. Bank account online.

Cardholders receive up to 25% off and a free rental day each year when booking through National Car Rental using the U.S. Bank Visa FlexPerks cardholder code.

This card comes with Visa Business auto and travel insurance and protections. It also qualifies you for discounts with participating merchants in the Visa Savings Edge program and extended warranty protections up to one year.

How this card compares

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®
  • Earn a new cardmember bonus of $200 after you spend $1000 in net purchases on your card within the first 90 days of account opening.
  • 3% cash back on cellular, gas stations and office supply store net purchases
  • 1% cash back on other net purchases
  • No cap on total rewards and they never expire!
  • Plus, a 25% Annual Cash Rewards bonus, up to $250
  • No annual fee*
  • Net purchases are purchases minus credits and returns
Credit Needed

Excellent Credit

Regular APR

13.74%-24.74%* (Variable)

Annual Fee

$0*

Purchase Intro APR

0%* for 9 billing cycles on purchases*

Balance Transfers Intro APR

N/A

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.

SimplyCash® Plus Business Credit Card from American Express
  • Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that your APR will be a variable rate, currently 13.99% - 20.99%
  • No annual fee
  • Reinvest in your business with automatic cash back in the form of a monthly statement credit. Plus take control by choosing the 3% category that best fits your business
  • Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases
  • With Expanded Buying Power you can spend beyond your credit limit* to make bigger purchases for your business plus earn cash back on those purchases too
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors
  • Terms apply
Credit Needed

Excellent Credit

Regular APR

13.99% - 20.99% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 15 months

Balance Transfers Intro APR

N/A

In just about every respect — from rewards to the annual fee — the SimplyCash Plus Business Credit Card from American Express 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.

Capital One® Spark® Cash for Business
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Credit Needed

Excellent, Good

Regular APR

18.74% (Variable)

Annual Fee

$0 intro for first year; $95 after that

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

The Capital One Spark Cash for Business card pays an unlimited 2% cash back on all spending and waives the annual fee the first year. If you find it cumbersome to track which categories you’re spending or your expenditures exceed the bonus category caps set by some cash-back business credit cards, this might be a more favorable choice for you.

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

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

Credit Needed

Excellent

Regular APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 14.99% to 20.99%, 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, 14.99% to 20.99%, 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?

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.