U.S. Bank Business Cash Rewards World Elite™ Mastercard® review

Bankrate Staff  in  Business How we rate our cards  | 

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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.

Annual Fee:
$0*
Purchase Intro APR:
0%* for 15 billing cycles on purchases
Balance Transfer Intro APR:
0%* for 15 billing cycles on transfers
Regular APR:
11.99% - 22.99%* (Variable)
Terms and Restrictions Apply

Bankrate Rating

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

 

Best for cash back on business expenses

  • Rewards rate: 3 percent cash back at gas stations, office supply stores and cellphone/service providers; 1 percent cash back on everything else
  • Welcome offer: Earn $500 cash back when you spend $3000 in the first 90 days of opening your account
  • Annual fee: $0
  • Purchase intro APR: 0 percent for 12 billing cycles
  • Balance transfer intro APR: 0 percent for 12 billing cycles
  • Regular APR: 13.99 percent to 22.99 percent variable

The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is geared toward small business owners who want to earn cash back without an annual fee. Plus, the dual low-interest introductory APR offer on purchases and balance transfers is great if you need more payment flexibility.

Current welcome offer

Earn $500 cash back when you spend $3000 in the first 90 days of opening your account

Cash back

If you’re interested in earning cash back without an annual fee, the U.S. Bank Business Cash Rewards World Elite Mastercard is worth considering. Unlike many cash back cards, you can earn unlimited rewards in the qualifying categories.

Earning cash back

To get the most from the U.S. Bank Business Cash Rewards World Elite Mastercard, you’ll want to use the card at gas stations, office supply stores and cellphone/service providers. You’ll earn an unlimited 3 percent in these categories.

Get 25% of your prior year’s cash rewards, up to $250, on the anniversary of opening your account.

Redeeming cash back

A major upside to the U.S. Bank Business Cash Rewards World Elite Mastercard? Your rewards will never expire. The downside? They must be redeemed in increments of $25.

To cash in rewards, simply log in to your U.S. bank account and choose to redeem under the “My Rewards” tab. Or, you can call U.S. Bank and redeem over the phone.

How much are points worth?

You accrue rewards on a dollar basis, as a percentage of what you spend. So, at 3 percent cash back, you’re earning $3 for every $100 you spend. Outside the bonus categories, you will earn $1 for every $100 you spend. Your account will reflect your rewards as dollars.

Benefits

The U.S. Bank Business Cash Rewards World Elite Mastercard is one of the best U.S. Bank business credit cards. The rewards structure is amplified by an intro APR offer and a $0 annual fee, so you can get the most bang for your buck.

Free employee cards

If you have employees who are responsible for business purchases, you can get them a card at no additional cost. Their purchases will help you earn rewards. And U.S. Bank offers 24/7 customer service and fraud monitoring so you don’t have to worry about your additional cards.

Extra coverage

As with any World Elite Mastercard, you’ll get the added benefits of cellphone protection, auto rental insurance coverage, airport concierge assistance and more.

Annual bonus

Each year, you’ll receive an additional 25 percent on the cash you earn from the year prior, up to $250.

Rates and fees

With the U.S. Bank Business Cash Rewards World Elite Mastercard, you get a 0 percent intro APR for the first 12 billing cycles on both purchases and balance transfers. The balance transfer fee is 3 percent or $5, whichever is greater. If you have any large upcoming purchases, this window can be an ideal time to finance them. Otherwise, the regular APR is a variable rate of 13.99 percent to 22.99 percent variable.

Additionally, there is no annual fee.

How the U.S. Bank Business Cash Rewards World Elite™ Mastercard compares to other business cash back cards

The U.S. Bank Business Cash Rewards World Elite Mastercard holds its own against other business credit cards. The Ink Business Unlimited® Credit Card, for example, has unlimited cash back at a rate of 1.5 percent. The Ink Business Cash® Credit Card offers rewards in similar categories at a slightly higher rate; but the cash back is curbed by a spending limit of $25,000.

Card Annual fee Rewards rate
Ink Business Unlimited® Credit Card $0 Unlimited 1.5% cash back on all business purchases.
Ink Business Cash® Credit Card $0 5% cash back on first $25,000 spent at office supply stores and internet, cable and phone services each year. 2% cash back on first $25,000 spent at gas stations and restaurants each year. Unlimited 1% cash back on regular purchases.

Best cards to pair the U.S. Bank Business Cash Rewards card with

If you’re looking to make the most of the U.S. Bank Business Cash Rewards card, consider filling the gaps this card doesn’t cover. Have travel expenses or spend lots of money on company meals? Pair your U.S. Bank Business Cash Rewards Elite Mastercard with one that rewards you for the expenses.

Bankrate’s Take—Is the U.S. Bank Business Cash Rewards World Elite Mastercard worth it?

Not only is this card one of the best U.S. Bank business credit cards, but it’s also one of the better cash back cards in the game. If you rack up a lot of business expenses in the right categories, there’s no limit on what you can earn. Get the most from the U.S. Bank Business Cash Rewards World Elite Mastercard by shopping at office supply stores, gas stations and phone companies.

Pros

  • Earn an unlimited 3 percent cash back on eligible purchases
  • Earn an extra 25 percent on prior year’s rewards
  • No annual fee, lengthy intro APR on both purchases and balance transfers and free employee cards

Cons

  • Rewards must be redeemed in $25 increments
  • Rewards can only be redeemed for statement credits, bank deposits or a rewards card

 

The information about the U.S. Bank Business Cash Rewards World Elite™ Mastercard® has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.