Selecting the right business credit card can be tricky. With so many options out there, how do you know which one is the best fit for your company? In this comprehensive guide, we’ll walk you through the top US Bank business credit cards and how to choose the right one based on your business needs. Whether you’re looking to earn rewards, get 0 APR, or maximize specific category spend, we’ve got you covered. Let’s dive in!
An Overview of US Bank Business Credit Cards
US Bank offers several business credit cards to meet different business needs. Here is a quick overview of the cards we’ll cover in this guide:
- US Bank Business Platinum Credit Card – This card offers a 0% introductory APR on purchases and balance transfers for 12 months. It earns 1 point per dollar on eligible net purchases with no limit on the points you can earn.
- US Bank Triple Cash Rewards Business Credit Card – This card offers 3% cash back on eligible net purchases in your choice of category, 2% cash back on dining purchases, and 1% cash back on other eligible net purchases.
- US Bank Business LeverageTM Visa Signature Card – This card offers 5% cash back on prepaid air, hotel and car reservations booked directly in the US Bank Rewards Portal. You’ll earn 2 points per dollar on dining purchases and 1 point per dollar on other eligible net purchases.
- US Bank Business EdgeTM Platinum Card – This card offers 5X points per dollar on prepaid air, hotel and car reservations booked directly in the US Bank Rewards Portal. You’ll earn 2X points on gas station, office supply store and cell phone service purchases and 1X point per dollar on other eligible net purchases.
Now let’s take a deeper look at each of these cards and their benefits.
US Bank Business Platinum Credit Card
The US Bank Business Platinum Credit Card is a great option if you want an intro 0% APR offer. This can give your business some breathing room to pay off large purchases over an extended period. Here are some of the main benefits:
- 0% intro APR on purchases and balance transfers for 12 months – After that, a variable APR of 16.24% – 27.24% applies. This introductory offer can help you save on interest if you have large purchases to make for your business.
- No limit on the points you can earn – You’ll earn 1 point per dollar spent on all eligible net purchases. And there is no cap on the total points you can accumulate.
- Redeem points for cash back, gift cards, merchandise and more – Points are worth 1¢ each when redeemed for cash back, gift cards, brand-name merchandise and airline tickets. Get the most value from your points.
- No annual fee – This card has no annual fee, so you don’t have to worry about paying every year just to have the card.
With no annual fee, flexible redemption options, an intro 0% APR offer and unlimited point-earning potential, the US Bank Business Platinum Credit Card is a solid choice for many small businesses.
US Bank Triple Cash Rewards Business Credit Card
The US Bank Triple Cash Rewards Business Credit Card allows businesses to earn cash back in categories that are relevant for many companies. Here are some of the main benefits:
- 3% cash back – Earn 3% cash back on eligible net purchases in your choice of category like gas stations, office supply stores, restaurants and more. The 3% back can really add up.
- 2% cash back – You’ll earn 2% cash back on dining purchases like restaurants, cafes and catering services. These expenses often add up for businesses.
- 1% cash back – All other eligible net purchases earn 1% cash back as a base rate. Even your miscellaneous expenses get rewarded.
- No annual fee– There is no annual fee to worry about paying just for having the account open. This helps keep costs down.
- Flexible redemption – Cash rewards can be redeemed as a statement credit, check, or deposit into a US Bank account. Redeem however is most convenient.
Choosing a 3% cash back category relevant to your business like gas or office supplies can help maximize this card’s rewards potential. The additional 2% back on dining is helpful for meal expenses too.
US Bank Business LeverageTM Visa Signature Card
The US Bank Business LeverageTM Visa Signature Card provides strong rewards rates in categories like travel and dining. Here’s an overview of its top benefits:
- 5% cash back on travel – Earn 5% cash back on prepaid air, hotel and car reservations when you book through the US Bank Rewards Portal. This can add up quickly.
- 2 points per $1 spent on dining – All your restaurant, café and catering expenses will earn 2 points per $1 spent. Dining is often a big expense.
- 1 point per $1 on other purchases – All other eligible net purchases earn 1 point per dollar spent. Even your smaller expenses get rewarded.
- No foreign transaction fee – The card has no foreign transaction fees when used internationally, which is useful for businesses that incur expenses abroad.
- Annual fee waived first year– The $100 annual fee is waived for the first year, so you don’t have to pay it just to get the card.
For businesses with significant travel and dining expenses, the 5% and 2X rewards rates from this card can really add up over time. And the initial annual fee waiver helps offset the cost.
US Bank Business EdgeTM Platinum Card
The US Bank Business EdgeTM Platinum Card offers increased rewards potential in categories like gas, office supplies, cell phone plans and travel. Here are some key details about this card:
- 5X points on travel – You’ll earn 5X points per $1 spent on prepaid air, hotel and car reservations booked directly through the US Bank Rewards Portal.
- 2X points at gas stations – All gas station purchases will earn 2X points per $1 spent. With fluctuating gas prices, these expenses can add up.
- 2X points at office supply stores – For office supply runs you’ll earn 2X points per $1 spent, so stocking up can really pay off.
- 2X points on cell phone plans – Your monthly cell phone bill also earns 2X points per $1 spent. This applies to cell service for your whole team.
- 1X points per $1 on other purchases – All other everyday purchases earn 1X points per dollar spent.
- No annual fee – There is no annual fee to worry about paying year after year.
With bonus categories relevant for many businesses like gas, office supplies, cell service and travel, the US Bank Business EdgeTM Platinum Card can maximize your rewards.
How to Choose the Best US Bank Business Credit Card?
With this overview of top US Bank business credit card options, how do you choose the right one for your company? Here are some key factors to consider:
Your credit history
Think about your business’s credit score and history. Cards like the US Bank Triple Cash Rewards Business Credit Card generally require good to excellent credit for approval. If your credit score is fair or average, a card like the US Bank Business Platinum Credit Card may be easier to qualify for.
Your biggest expense categories
Consider what your business spends the most money on. Do you frequently book travel that could earn 5X points with the US Bank Business LeverageTM or Business EdgeTM card? Is dining a big expense that would earn 2X from the Business LeverageTM card? Pick a card that aligns with your largest spending categories.
Introductory APR offers
If you need to finance major purchases or transfers, the 0% intro APR from the US Bank Business Platinum Credit Card can save on interest. Just be sure to pay off balances before the regular APR applies.
Some cards have annual fees while others don’t. The US Bank Business Platinum Credit Card and Business EdgeTM Platinum Card have no annual fee. But the Business LeverageTM card’s $100 fee is waived the first year. Consider fee cost vs. potential rewards.
Think about how you want to use earnings from the card. Options like cash back, gift cards or travel redemptions all provide different benefits. Pick a card with redemption options that match your needs. Once you consider these key factors, you can zero in on the best US Bank business credit card for your company. Apply for the card that offers the most relevant rewards opportunities, account terms and benefits.
Getting the Most from Your US Bank Business Credit Card
To maximize the rewards and benefits from your new US Bank business credit card, here are some tips to make the most of your card:
Use it for all relevant purchases – Be sure to use your new card for expenses that align with bonus rewards categories instead of other payment methods. This way you can maximize the points or cash back earned.
Selecting the right US Bank business credit card takes some consideration – you need to evaluate spending categories, account terms, fees, and redemption options. But taking the time to pick the card designed for your business can really pay off through rewards, earnings and benefits. The US Bank Business Platinum Credit Card, Triple Cash Rewards Business Credit Card, Business LeverageTM Visa Signature Card, and Business EdgeTM Platinum Card all offer great features like intro 0% APR offers, bonus category rewards, travel redemptions, and no annual fees. Once you’ve chosen the best card for your company, be sure to use it for relevant purchases, set payment reminders, track rewards, and leverage card benefits. Doing so will help you maximize the value you get from your new US Bank business credit card. At the end of the day, finding the right card is just the first step. Utilizing it fully allows you to really capitalize on all the perks and optimize your business spending. So do your research, pick the ideal card, and then use it smartly. Your company’s bottom line will thank you! 5 Stars Processing is the best platform that provides all kinds of online payments. They have seamless integrations, top security, great support and pricing to fit business of all sizes. If you’re looking to accept payments online and maximize the benefits from your new credit card, 5 Stars Processing is worth exploring. Their customized solutions can meet your business payment needs.