U.S. Bank Business Leverage® Visa Signature® Card Review

U.S. Bank Business Leverage® Visa Signature® Card allows you to earn 2% cash back on eligible purchases made in the top two categories where you spend the most each month and 1% on all other eligible purchases. This small business credit card has no annual fee for the first year and offers a welcome bonus of $750 after meeting specific purchase requirements.

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How We Evaluate Cash Back Business Credit Cards

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Who the U.S. Bank Business Leverage® Visa Signature® Card Is Best For

• Those with expenses in several categories: It offers ongoing rewards in 48 eligible categories and lets you earn 2x points per dollar spent in the top two categories where you spend most.
• Those who need employee credit cards: It provides free employee cards with no annual fee.

U.S. Bank Business Leverage® Visa Signature® Card Fees

APR

• Introductory APR: None
• Ongoing APR on purchases and balance transfers: 20.49% to 25.49% variable, which will adjust with the prime rate
• Cash advance APR: 30.49% variable, which will adjust with the prime rate
• Penalty APR: 29.99% and will be applied to your account if you
  • Made payments 5 calendar days late twice or 30 calendar days late once;
  • Made a returned payment, or;
  • Exceeded your credit limit 2 times in 12 consecutive months

Note that this APR will apply until you make 6 consecutive minimum payments when due and don’t exceed your credit limit during that period

• Due date: Around 24–30 days after the close of each billing cycle
• Minimum interest charge: $1

Fees

• Annual: None for the first year; $95 thereafter and $0 for authorized employees
• Balance transfer: An introductory fee of either 5% of each transfer amount or $5 minimum, whichever is greater for balances transferred with this application. After that, either 3% of the amount of each transfer or $5 minimum, whichever is greater.
• Cash advance, cash advance ATM, and cash equivalent advance: Either 5% of the amount of each advance or $10, whichever is greater
• Convenience check: 5% of each check amount or $5 minimum, whichever is greater
• Overdraft protection, foreign transaction, and overlimit: None
• Late and returned payments: $39 each

U.S. Bank Business Leverage® Visa Signature® Card Rewards

• $750 in rewards after spending $7,500 in eligible purchases within the first 120 days of opening an account
• 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center
• 2% cash back in the top two categories where you spend the most each month automatically.
• 1% cash back points on all other eligible purchases

You can redeem earned points through U.S. Bank’s online Rewards Center. Earned points can be used at the Rewards Center Earn Mall—which is the easiest way to earn additional points while shopping online at over 1,100 stores. To use the Earn Mall option with your U.S. Bank Business Leverage® Visa Signature® Card, you’ll need to log in at usbank.com and click “Earn Mall” in the Rewards Center.

How to Make Payments on the U.S. Bank Business Leverage® Visa Signature® Card

• ATM: You can pay your credit card bills at any U.S. Bank ATM.
• Mail: Send a check or money order through either regular mail or overnight delivery using the following addresses:

• Online banking: You can pay your bill online at usbank.com.
• U.S. Bank mobile app: Cardholders can also pay their credit card bills through the U.S Bank mobile app, available on the App Store and Google Play.
• Phone: Call either the number found on the back of your card or call (800) 285-8585.
• Third-party: There are several third-party payment methods accepted by U.S. Bank, such as bill pay, wire transfers, and others.
• In-person: You can go to the nearest US Bank branch to pay off your credit card bills. Take note that branch hours have changed, masks are still required, and you may need to make an appointment prior to visiting a branch.

U.S. Bank Business Leverage® Visa Signature® Card Features

Visa Features

• Auto Rental Collision Damage Waiver: Receive auto rental coverage when you charge your entire rental amount to this card and decline the extra collision insurance (or loss damage waiver) from the rental company. You’re also covered if your rental car is damaged or stolen while traveling (specific terms and conditions may apply).
• Purchase Security: Items purchased with this card are protected in cases of theft or damage for the first 90 days from the date of purchase. Purchase Security will replace, repair, or reimburse you for eligible items that were purchased with your credit card. Note that specific terms, conditions, and exclusions may apply.
• Extended Warranty Protection: For eligible items purchased with the card, U.S. Bank Business Leverage® Visa Signature® Card will double the time of the original manufacturer’s warranty up to one additional year on warranties of three years or less (up to a maximum of $10,000 per claim).
• Travel Accident Insurance: You’ll receive automatic accidental death and dismemberment insurance for both you and your family for trips purchased with this card. Specific terms, restrictions, and exclusions may apply.
• Travel and Emergency Assistance Services: You can enjoy your trip with the knowledge that you’ll have a wide range of emergency services available 24 hours a day when you’re away from home. You can get help with medical, legal, and travel services when you need them. Note that you’ll be responsible for the cost of any services provided.
• Roadside Dispatch: Cardholders can get emergency roadside assistance, with services such as towing, fuel delivery, and more, by calling (800) VISA-TOW or (800) 847-2869. Note that cardholders will be responsible for the service fees and that specific terms, conditions, and exclusions may apply.
• Visa SavingsEdge®: This complimentary program allows you to save up to 15% on business purchases from participating merchants. These savings will appear as automatic credits on your account statement.
• Visa Signature® Luxury Hotel Collection: Booking through the Visa Signature Luxury Hotel Collection site with this card lets you enjoy a unique set of VIP perks at select luxury hotels worldwide, such as a $25 food or beverage credit, room upgrade upon arrival (if available), and much more.

U.S. Bank Features

• Pay Over Time: You can divide large purchases into fixed monthly payments through the U.S. ExtendPay^TM plan. Pay no interest and keep your rewards, all for a small monthly fee
• Employee card controls: You can set up customizable spending rules for your employees, giving you control of where, when, and how they use the cards through Visa Spend Clarity
• Spend tracking: Can get a clear picture of your total card spend with Spend Analysis, an online reporting tool exclusive to U.S. Bank customers

Pros & Cons of the U.S. Bank Business Leverage® Visa Signature® Card

U.S. Bank Business Leverage® Visa Signature® Card Alternatives

American Express Blue Business Cash^TM

• American Express Blue Business Cash^TM offers 2% cash back on all eligible purchases of up to $50,000 every calendar year, then 1% cash back after that
• Our top-recommended cash back business credit card and one of our best business credit cards for nonprofits
• Has an interest-free financing option of 0% on purchases for the first 12 billing cycles
• No minimum reward is needed to redeem cash back, and it’s credited automatically to your account

Chase Ink Business Unlimited®

• Chase Ink Business Unlimited® has straightforward cash back rewards with a fixed rate of 1.5% for every $1 spent on any business purchase
• Our best small business credit card and top card for new businesses with no credit history and one of our leading cash back business credit cards
• Has an interest-free financing option of 0% on purchases for the first 12 billing cycles
• Welcome offer of $900 cash back after spending $6,000 on purchases within the first three months of opening an account

Bank of America® Business Advantage Customized Cash Rewards

• Bank of America® Business Advantage Customized Cash Rewards provides an interest-free financing option of 0% on purchases for the first 9 billing cycles after account opening
• One of our top-recommended cash back business credit cards
• Introductory bonus of $300 statement credit after spending $3,000 in net purchases within 90 days of opening an account
• 3% cash back on the category of your choice, including gas stations, office supply stores, travel, TV or telecommunication services, computer services, or business consulting services, and 2% cash back on dining on the first $50,000 in your combined choice category and dining purchases each calendar year
• If you have a checking account with Bank of America and qualify for its Preferred Rewards for Business tier, you can earn up to 75% more cash back on every purchase compared to what’s above.

Bottom Line

U.S. Bank Business Leverage® Visa Signature® Card is a great business credit card if you have significant expenses in several categories and are in need of giving out employee credit cards. While it doesn’t have an interest-free financing option, you can still earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center, 2% cash back on eligible net purchases in the top two categories where you spend the most each month, with no limit on the total points you can earn, and 1% cash back points on all other eligible purchases.

If this isn’t the right card for your business, compare these top credit cards to find one that’s a better fit.