Best U.S. Bank Business Credit Cards of 2023
This article is part of a larger series on Best Small Business Credit Cards.
Editor’s note: This is a recurring post with regularly updated card details.
U.S. Bank business credit cards are best for small business owners who prefer cards with low or zero annual fees and offer lucrative perks. Your options include cash back in various categories, fixed-rate rewards in your top two expenses, a long 0% annual percentage rate (APR) period, and a cobranded airline card with complimentary airport lounge access.
Here are the four business credit cards from U.S. Bank:
- U.S. Bank Triple Cash Rewards World Elite Mastercard®: Best for earning cash back on fuel, dining, and office supplies
- U.S. Bank Business Leverage® Visa Signature® Card: Best for earning cash back on top two spend categories
- U.S. Bank Business Platinum Card: Best for long 0% APR on balance transfers and purchases and a low ongoing APR
- SKYPASS Visa Signature® Business Card: Best for earning miles and airport lounge access
U.S. Bank Business Credit Cards of 2023 at a Glance
Best For | Annual Fee | Credit Score Needed | |
---|---|---|---|
U.S. Bank Triple Cash Rewards World Elite Mastercard® | Earning cash back on fuel, dining, and office supplies | None | Good to Excellent |
U.S. Bank Business Leverage® Visa Signature® Card | Earning cash back on top 2 spend categories | $95; waived for the first year | Good to Excellent |
U.S. Bank Business Platinum Card | Long 0% APR on balance transfers and purchases and a low ongoing APR | None | Excellent |
SKYPASS Visa Signature® Business Card | Earning miles and airport lounge access | $95 for account owners and each authorized employee | Good to Excellent |
To choose the right U.S. Bank business card, it’s vital to assess your business needs. Here are a few questions that can help you determine which of the U.S. Bank business credit cards would be the best fit for your business.
1. Do You Need to Earn Rewards?
If you own a business credit card to earn rewards on your purchases, U.S. Bank has three types of cards with cash back or travel rewards. You may consider any of the following options:
- U.S. Bank Triple Cash Rewards World Elite Mastercard®
- U.S. Bank Business Leverage® Visa Signature® Card
- SKYPASS Visa Signature® Business Card
2. Do You Need to Transfer a Balance or Make a Large Purchase?
If you want to consolidate debt from other credit cards or make a significant purchase for your business, you may prefer a card with a long interest-free financing period. In this case, consider getting the U.S. Bank Business Platinum Card, which offers 0% intro APR on balance transfers and purchases for the first 18 months of card ownership. It’s important to note that it doesn’t offer rewards on your purchases.
U.S. Bank Triple Cash Rewards World Elite Mastercard® also has a long 0% introductory APR on purchases and balance transfers for the first 15 billing cycles and high rewards on fuel, dining, and office supplies.
3. Do You Travel for Business Frequently?
If your business requires you to travel frequently, the SKYPASS Visa Signature® Business Card from U.S. Bank may be a good option. It offers travel rewards in the form of miles for Korean Air
Flights and other business-related purchases. You can use your miles for flights and seat upgrades on Korean Air and other SkyTeam partners.
U.S. Bank Triple Cash Rewards World Elite Mastercard®: Best for Earning Cash Back on Fuel, Dining & Office Supplies
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.99% - 27.99%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.99% - 27.99%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
When To Get the U.S. Bank Triple Cash Rewards World Elite Mastercard®
U.S. Bank Triple Cash Rewards World Elite Mastercard® is ideal if you travel regularly and have recurring expenses on office supplies, gas, and dining. It offers 5% cash back on prepaid hotels and car rentals booked through Travel Rewards Center and 3% cash back at restaurants, office supply stores, and gas stations. Plus, you can earn unlimited 1% cash back on all other purchases. It also offers a 15-month interest-free financing option for balance transfers and purchases.
U.S. Bank Triple Cash Rewards World Elite Mastercard is one of our top choices for the
- Best business cards with 0% APR
- Best cards for balance transfer
- Business credit cards that don’t report to personal credit
- Best fuel business cards
- Best business cards for limited liability company (LLC)
- Best business credit cards for nonprofits
- Best sole proprietorship business credit cards
- Best credit cards for new businesses with no credit history
- Best cash back credit cards
- Best credit cards for real estate agents
U.S. Bank Triple Cash Rewards World Elite Mastercard® also lets you enjoy the following features and benefits:
- Sign-up bonus: Earn a $500 cash back after spending $4,500 or more within the first 150 days of card membership.
- $100 software credit: Receive an annual statement credit of $100 if you have a recurring software subscription for QuickBooks or FreshBooks.
- No annual fee: Minimize your overall cost while earning rewards because it comes with no annual fees.
- Pay over time: Divide large purchases into fixed monthly payments with the U.S. Bank ExtendPay™ Plan with no interest.
If earning cash back rewards isn’t a priority as you’ll be making large purchases, consider the U.S. Bank Business Platinum Card. It offers a long 0% introductory APR on both purchases and balance transfers for the first 18 billing cycles. Meanwhile, if you wish to earn cash back on your top two spending categories, consider the U.S. Bank Business Leverage® Visa Signature® Card.
U.S. Bank Business Leverage® Visa Signature® Card: Best for Earning Cash Back on Top 2 Spend Categories
U.S. Bank Business Leverage® Visa Signature® Card
BEST FOR:
Expenses that shift from month to month
- Earn $750 in rewards when you spend $7,500 in eligible purchases on the account owners' card within the first 120 days of opening your account.
- Earn 2% back in the top two categories where you spend the most each month automatically.
- 1% cash per dollar spent on all other eligible purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No annual fee for the first year and $95 thereafter.
- No reward caps or limits on the total rewards your business can earn. Redeem for your choice of cash back, gift cards, merchandise and travel.
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- Personalized ongoing rewards
- Large sign-up bonus
- Unlimited points
Cons
- Requires excellent credit
- No introductory 0% APR
- Rewards have expiration
- Extended warranty protection: The issuer will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. The coverage is limited to $10,000 per item.
- Purchase protection: Protection for items that are damaged or stolen within 90 days of purchase. Coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
- Earn $750 in rewards when you spend $7,500 in eligible purchases on the account owners' card within the first 120 days of opening your account.
- Earn 2% back in the top two categories where you spend the most each month automatically.
- 1% cash per dollar spent on all other eligible purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No annual fee for the first year and $95 thereafter.
- No reward caps or limits on the total rewards your business can earn. Redeem for your choice of cash back, gift cards, merchandise and travel.
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- Personalized ongoing rewards
- Large sign-up bonus
- Unlimited points
Cons
- Requires excellent credit
- No introductory 0% APR
- Rewards have expiration
- Extended warranty protection: The issuer will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. The coverage is limited to $10,000 per item.
- Purchase protection: Protection for items that are damaged or stolen within 90 days of purchase. Coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
When To Get the U.S. Bank Business Leverage® Visa Signature® Card
U.S. Bank Business Leverage® Visa Signature® Card is an excellent choice if you make purchases with various expense categories as it lets you earn fixed-rate 2% cash back on the top two categories where you spend the most and 1% on other eligible purchases. What’s best about this card is that you don’t need to keep track of the categories where you can earn premium rewards, making it a great option if you have substantial expenses on different categories every month.
In addition, you can earn 5% cash back when you book prepaid hotels and car rentals directly through the Rewards Center, making it a viable option for those who travel abroad frequently because it doesn’t charge foreign transaction fees.
You can earn $750 in rewards after spending $7,500 in eligible purchases within the first 120 days of opening an account.
Similar to the U.S. Bank Triple Cash Rewards World Elite Mastercard®, it offers Pay Over Time, letting you divide large purchases into fixed and interest-free monthly payments. Note that you’ll need to pay a small transaction fee, which will vary depending on the transaction amount.
Consider the U.S. Bank Triple Cash Rewards World Elite Mastercard® if you want 0% intro APR on purchases and balance transfers for the first 15 billing cycles, given how it offers Pay Over Time. Alternatively, you can also consider the U.S. Bank Business Platinum Card as it has one of the longest interest-free financing options for both purchases and balance transfers, especially if you intend to make large purchases.
U.S. Bank Business Platinum Card: Best for Long 0% APR on Balance Transfers and Purchases & Low Ongoing APR
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
When To Get the U.S. Bank Business Platinum Card
Consider the U.S. Bank Business Platinum Card if you need to make a substantial purchase or transfer a balance from another credit card. After opening an account, you can enjoy an introductory 0% APR on purchases and balance transfers for the first 18 billing cycles. Once the zero-interest promotional period ends, you’ll be charged a low ongoing APR from 16.99% to 25.99% variable —the lowest among other U.S. Bank business credit cards on this list.
U.S. Bank Business Platinum Card is also one of our leading business credit cards with 0% APR, business cards for balance transfers, and business credit cards that don’t report to personal credit.
If you wish to secure a business credit card with a long 0% APR period on purchases and balance transfers on top of earning cash back rewards, consider the U.S. Bank Triple Cash Rewards World Elite Mastercard®.
SKYPASS Visa Signature® Business Card: Best for Earning Miles & Airport Lounge Access
SKYPASS Visa Signature® Business Card
BEST FOR:
Those who travel with Korean Air frequently
- 2 miles for every eligible $1 you spend on Korean Air ticket purchases
- 2 miles for every eligible $1 you spend at gas stations and hotels
- 1 mile for every $1 you spend on all other eligible purchases
Pros
- Charges low annual fee for a travel rewards business credit card
- Offers bonus miles upon renewal
- Doesn’t charge foreign transaction fees
Cons
- Doesn’t have 0% introductory APR
- With additional fees for employee cards
- Low ongoing rewards
- Morning Calm Club membership: Cardholders are entitled to exclusive check-in services, KAL lounge access, priority baggage handling, and SkyTeam Elite member status.
- Visa Business reporting: You can manage expenses made by your employees and set customizable spending rules through U.S. Bank’s Visa Business Spending.
- Auto rental collision damage waiver: You’ll receive auto rental collision damage waiver insurance when you rent a car using this card, letting you decline the rental company’s collision damage waiver option and receive coverage through Visa for collision damage or theft.
- Travel and emergency assistance services: Visa provides assistance and referrals 24/7 while you are traveling away from home. Restrictions and limitations may apply, so check your SKYPASS Visa Guide to Benefits for more information.
- 2 miles for every eligible $1 you spend on Korean Air ticket purchases
- 2 miles for every eligible $1 you spend at gas stations and hotels
- 1 mile for every $1 you spend on all other eligible purchases
Pros
- Charges low annual fee for a travel rewards business credit card
- Offers bonus miles upon renewal
- Doesn’t charge foreign transaction fees
Cons
- Doesn’t have 0% introductory APR
- With additional fees for employee cards
- Low ongoing rewards
- Morning Calm Club membership: Cardholders are entitled to exclusive check-in services, KAL lounge access, priority baggage handling, and SkyTeam Elite member status.
- Visa Business reporting: You can manage expenses made by your employees and set customizable spending rules through U.S. Bank’s Visa Business Spending.
- Auto rental collision damage waiver: You’ll receive auto rental collision damage waiver insurance when you rent a car using this card, letting you decline the rental company’s collision damage waiver option and receive coverage through Visa for collision damage or theft.
- Travel and emergency assistance services: Visa provides assistance and referrals 24/7 while you are traveling away from home. Restrictions and limitations may apply, so check your SKYPASS Visa Guide to Benefits for more information.
When To Consider Getting the SKYPASS Visa Signature® Business Card
SKYPASS Visa Signature® Business Card is best if you travel on Korean Air and other SkyTeam partners frequently. You can earn 2x miles on purchases made directly from Korean Air, gas, and hotels, and 1x miles on all other eligible purchases. You can redeem your Korean Air mileage for flights and seat upgrades on Korean Air and other SkyTeam partners, including AirEuropa, AirFrance, Aeroflot, and AeroMexico. Finally, it offers two KAL Lounge coupons each year, making it one of our suggested business credit cards with airport lounge access.
This card comes with an annual fee of $95 for owners and another $95 for each authorized employee.
While traveling, you can also get the following features and benefits when using the SKYPASS Visa Signature® Business Card:
- Sign-up bonus: Receive 30,000 bonus miles after you spend $3,000 within the first 90 days of card membership.
- Anniversary bonus: Get 2,000 bonus miles when you renew your card during each account anniversary year.
- Annual discount coupon: Get a $50 Off coupon for Korean Air ticket purchases each year.
SKYPASS Visa Signature® Business Card doesn’t offer an introductory APR on purchases and balance transfers. Also, its 2x rewards are only limited to purchases made with KoreanAir, gas stations, and hotels.
Consider the U.S. Bank Triple Cash Rewards World Elite Mastercard® if you both want an interest-free financing option and higher rewards at gas stations and hotel rewards. Also, you’ll be better off with the U.S. Bank Business Platinum Card for one of the longest interest-free financing periods among business credit cards or the U.S. Bank Business Leverage® Visa Signature® Card for earning more rewards on your top two spending categories.
See our lists of the best business credit cards for travel and business credit cards for miles for more options outside U.S. Bank business credit cards. Alternatively, you may also check out our list of best small business credit cards for additional cards.
Bottom Line
The best U.S. Bank business credit cards for your business will depend on how you use them —whether you need to earn rewards, transfer a balance, make a large purchase, or frequently travel for business. What’s great about U.S. Bank business cards is how they can help maximize your expenses and let you earn rewards.