U.S. Bank Business Cash Rewards World Elite™ Mastercard®
Best For: 0% APR for 15 Billing Cycles
|Intro APR ?0% APR for 15 billing cycles on purchases and balance transfers||Regular APR||Annual Fee||Credit Needed|
|0%*||11.99% - 22.99% Variable||$0*||Excellent|
The U.S. Bank Business Cash Rewards World EliteTM Mastercard® is an excellent credit card because it offers a unique annual bonus that lets you earn 25% of your cash rewards from the previous year, or up to $250. This small business credit card also comes with several additional features like purchase assurance and extended warranty protection.
Who U.S. Bank Business Cash Rewards World EliteTM Mastercard® Is Best For
- Owners with frequent expenses on gas, office supplies, and cellphone services: You can earn 3% cash back rewards from eligible purchases, including gas, office supplies, and cellular phone services.
- Owners who spend up to $33,000 annually on eligible categories: The U.S. Bank Business Cash Rewards World EliteTM Mastercard® becomes more valuable if your business spends up to $33,000 annually on eligible categories as you can earn the maximum annual bonus of $250.
How We Evaluate Cash Back Rewards Business Credit Cards
When grading cash back business credit cards like the U.S. Bank Business Cash Rewards World EliteTM Mastercard®, we weigh ongoing rewards the heaviest. We rate introductory rewards as slightly less important, but they still are the second-biggest factor in grading a card. We also take into account the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Highest Possible Score
U.S. Bank Business Cash Rewards World EliteTM Mastercard® Fees
- Introductory APR: 0% on purchases and balance transfers for the first 15 billing cycles
- Ongoing APR: 11.99% to 22.99% variable, which will adjust with the prime rate
- Annual fee: None
- Balance transfer fee: $5, or 3% of the transfer during application, whichever is greater
- Foreign transaction fee: 2% of each foreign purchase transaction or foreign ATM transaction in United States dollars and 3% for each transaction in a foreign currency
- Cash advance fee: $10, or 3%, whichever is greater; cash advance APR is 23.99% variable
U.S. Bank Business Cash Rewards World EliteTM Mastercard® Rewards
- 3% cash back on eligible net purchases at gas stations, office supply stores, and cell phone/service providers
- 1% cash back on all other net purchases
- 25% annual bonus of your prior year’s cash rewards, capped at $250, on the anniversary of opening your account
Welcome offer: Earn $500 in cash back after you spend $4,500 in eligible purchases within the first 150 days of opening your account
You can redeem your cash back through a bank deposit to your U.S. Bank business checking, savings, or money market account. You can also redeem your rewards as a statement credit, which will reduce your balance but will not replace the required minimum payment. Another option is to receive your rewards through the U.S. Bank Rewards Mastercard debit card.
U.S. Bank Business Cash Rewards World EliteTM Mastercard® Features
Car Rental Collision Damage Waiver
When you rent a car using your U.S. Bank card, you’re covered up to $50,000 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 the insurance from the rental agency. Trucks, sport-utility vehicles, vans, recreational vehicles, antique vehicles and any vehicle with fewer than four wheels are not covered by this insurance.
U.S. Bank may repair or be reimbursed 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 incident, up to $25,000 per year for each account. Items that are not covered include motorized vehicles, collectibles, traveler’s checks, tickets, and losses due to wear-and-tear, misuse, and fraudulent, criminal acts.
Extended Warranty Protection
For purchased items with warranties of five years or less, U.S. Bank will double the manufacturer’s warranty up to one additional year. U.S. Bank will replace the item or reimburse the amount charged in your U.S. Bank card up to $10,000. Items that are not covered include motorized vehicles, real estate, medical equipment, preowned items, and items purchased for resale.
MasterAssist Travel Assistance Services
Mastercard provides travel, emergency, medical, and legal assistance 24 hours a day to the cardholder. This is a concierge service, and you will be responsible for the cost of any assistance. You can request assistance by calling 800-307-7309.
Account Management Tools
The U.S. Bank Business Cash Rewards World EliteTM Mastercard® features a number of spending controls and protections that can help your business manage risk. You will have the ability to set limits on the times and places employees can use their card. It also includes a reporting tool, which makes it easier to track and monitor expenses with a chart that shows your spending information at a glance.
Automatic payment tools are also available to give you the flexibility to pay off everyday purchases in full, accelerate payments to help pay down a balance faster, or pay off larger purchases over time.
U.S. Bank Business Cash Rewards World EliteTM Mastercard® Alternatives
Chase Ink Business Preferred®
Ink Business Preferred® Credit Card
Best For: Maximizing travel rewards at a lower annual fee
|Intro APR||Regular APR||Annual Fee||Credit Needed|
|N/A||15.99% to 20.99% Variable||$95||Good to Excellent|
Chase Ink Business CashSM
Ink Business Cash℠ Credit Card
Best For: Office-based businesses that want top cash back rewards
|Intro APR ?0% APR for 12 months on purchases||Regular APR||Annual Fee||Credit Needed|
|0% Intro APR on Purchases||13.24% - 19.24% Variable||$0||Good - Excellent|
Bank of America® Business Advantage Cash Rewards Mastercard®
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Best For: Up to 3% cash back in a spending category of your choice
|Intro APR ?0% APR for nine billing cycles on purchases||Regular APR||Annual Fee||Credit Needed|
9 billing cycles
|12.24% - 22.24% Variable APR on purchases||$0.00||Excellent|
The U.S. Bank Business Cash Rewards World EliteTM Mastercard® is a no annual fee credit card that is best for businesses that often spend in eligible categories like office supplies, gas, and cellphone services. This card also offers an annual bonus of 25% of the previous year’s rewards up to $250. To find other cards that may be a better fit for you, you may review the top credit cards on the market.