2 New US Bank Business Card Offers – $1250 In Welcome Offers
US Bank is kind of the forgotten bank among the 5 or 6 big banks. They have a couple of very solid card offerings in the personal and business sector but they usually fly under the radar. Well they just launched two new welcome offers last night for their business cards and they are pretty good. These are two cards I wasn’t really aware of until now and I grabbed one of them last night. Let’s take a look at the new US Bank business card offers and my application experience and data.
U.S. Bank does not report business spend to the personal credit bureaus and this should not count towards Chase 5/24.
U.S. Bank Business Cash Rewards World Elite MasterCard
Man that is a long name 🤣. The U.S. Bank Business cash rewards is the card I applied for last night.
Here are the welcome offer details:
- Earn $500 after spending $4,500 within the first 150 days of account opening
- 0% APR for the first 15 billing cycles
- No annual fee
- Learn More
The 150 days is pretty generous for the minimum spending requirement. That is pretty much 5 months which is very helpful in times like these. I am sure businesses will find the 0% APR helpful in our current situation too.
Here is the card’s earning structure:
- 3% cash back on gas, office supply stores and on your cell phone/service.
- 1% back everywhere else.
- Earn a 25% Annual Cash Rewards bonus, up to $250.
- $25 minimum redemption
- Learn More
That 25% annual cash reward bonus is a nice little bump at the end of the year. I am not sure if it applies to the base earn rate or if the 3% categories would get a multiple making the earn rate 3.75% back.
U.S. Bank Business Leverage Visa Signature Card
The other new card offer is for the U.S. Bank Business Leverage Visa. This card earns via a points system and they appear to be worth 1 cent each for cash back. It doesn’t appear the points can be used for anything other than cash back.
Here are the welcome offer details
- Earn 75,000 points ($750) after spending $7,500 within the first 4 months of account opening.
- The $95 annual fee IS waived.
- Learn More
The Leverage card actually offers less of a time from for a larger spend requirement compared to the Business Cash card. But it is rare to see cash welcome offers for more than $500 so this is a unique on aimed at big spenders.
Here is the card’s earning structure:
- Earn 2X points per dollar spent in the top two categories where you spend the most each month – automatically. Here is a list of the categories and sub categories.
- Earn 1X points per dollar on everything else
- 5,000 point ($50) minimum redemption
- Learn More
My Application Experience
I applied for the U.S. Bank Business cash rewards last night when these offers were first introduced. I was 8/24 before applying with 5 business cards in that time frame as well. It was not an immediate approval, I got the 7-10 message. This morning I received an email that I was approved with a $3,000 limit.
I also currently have two U.S. Bank personal cards.
Final Thoughts
I think both the U.S. Bank Business cash rewards and the U.S. Bank Business Leverage Visa are interesting for different reasons.
The Cash Rewards card has a pretty good bonus earning structure, especially if the 25% bonus stacks with them. That would be 3.75% back in some high spend areas and all with no annual fee.
The Leverage Visa card could be very useful for a business that has a high spend in some lessor known / normally non bonus areas. Although there are better options out there for $95 a year very few come with such a rewarding welcome offer.
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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
TAX ID is required
I applied as a sole prop with my social security number.
Thank u Mark for the quick reply!
Any time JB
US Bank cards are underrated. Wonder if they pay out commissions to people touting them?
Radisson cards are great if you ever stay in US cities with a Radisson during busy times. NYC, Chicago, certain CA hotels. Free US night per $10k spend, up to 3x a year, on top of normal points. A family could get several and string together nights for a nice long city visit.
I think they have some under the radar gems. Altitude Reserve if you use mobile wallet a lot and the Radisson cards are highly underrated. I tried to get one when at 120K but got denied :(. The Flexperks cards used be great too but have lost some of their luster the last few years.
Do you have to have a bank relationship to apply for either card?
Usually a previous relationship with US Bank helps but I think only the Altitude Reserve requires it.