MoneyGeek’s Take

U.S. Bank Triple Cash Rewards Visa® Business Card Review

The U.S. Bank Triple Cash Rewards Visa® Business Card is unlike any other business credit card we have seen. It's the no-annual-fee card for small business owners, with a generous welcome bonus that rewards you for all of your eligible business expenses.

By Doug Milnes, CFA

Reviewed by Alene Laney

Updated: November 10, 2024

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U.S. Bank Triple Cash Rewards Visa® Business Card

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

Earn 3% on eligible purchases at gas and EV chargi...

APR

18.99% – 27.99% Variable

Annual Fee

Recommended Credit

670-850 (Good to Excellent)

PROS
- No annual fees
- Generous welcome bonus
- Bonus cash back categories
- Introductory 0% APR on purchases and balance transfers for 15 billing cycles, then a variable APR of 19.24% – 28.24%.
CONS
- Foreign transaction fees
- Balance transfer fees
- No complimentary insurance coverage
- $0 annual fee
- Cash back rate of up to 5%
- 3% foreign transaction fee
- 3% or $5 (higher of the two) balance transfer fee
- 0% intro APR on purchases and balance transfers for 15 billing cycles, then a variable APR of 18.99% – 27.99%

WHY TRUST OUR REVIEWS

MoneyGeek's methodology is based on a holistic and standardized process that allows us to get accurate data about multiple card categories. We take a multi-step method that highlights data collection, analysis and ranking calculations. Following an in-depth look at average spending profiles and other benefits offered by different credit card companies, MoneyGeek’s procedure is concluded by an approximation of a card's three-year value and a regular re-ranking process.

The U.S. Bank Triple Cash Rewards Visa® Business Card features a 0% introductory APR on purchases and balance transfers, followed by a relatively high variable APR. In spite of this, the card offers you cash back on eligible purchases at office supply stores, cellphone service providers, gas stations, restaurants and on other net purchases.

The only additional advantage offered by the business card, in addition to the usual Mastercard World Elite Benefits, is a $100 annual statement credit for use on qualified software subscriptions.

U.S. Bank Triple Cash Rewards Visa® Business Card Overview

The U.S. Bank Triple Cash Rewards Visa® Business Card is a good no-annual-fee card if you prefer earning straight cash back. MoneyGeek highlights a few perks and bonuses to help you better understand how they work.

Quick Take

$0 annual fee
Cash back rate of up to 5%
3% foreign transaction fee
3% or $5 (higher of the two) balance transfer fee
0% intro APR on purchases and balance transfers for 15 billing cycles, then a variable APR of 19.24% – 28.24%

U.S. Bank Triple Cash Business Cash Back Estimator

Estimate the value of the cash back rewards you could earn with the U.S. Bank Triple Cash Business card. Enter your estimated monthly spending in the categories below to see how much cash back you can earn annually.

Important Disclaimers:

This calculator is for planning and evaluation purposes and not sponsored or endorsed by U.S. Bank.
Some of your purchases may not be eligible for earning points.
The value of points at redemption will vary.

How much do you spend on gas and EV charging stations per MONTH? (3% cash back

How much do you spend at office supply stores per MONTH? (3% cash back)

How much do you spend on cell phone service providers per MONTH? (3% cash back)

How much do you spend at restaurants per MONTH? (3% cash back)

How much do you spend on other eligible purchases per MONTH? (1% cash back)

Total Cash Back Earned:$0

Important Card Details

The U.S. Bank Triple Cash Rewards Visa® Business Card is a viable option for a business card because of the numerous perks and features it provides. However, it's critical to read and understand the fees and fine print before you apply.

Purchase Intro APR

The introductory 0% APR for your U.S. Bank Triple Cash Rewards Visa® Business Card applies to your purchases and balance transfers. After 15 billing cycles, the APR changes to a variable rate currently ranging from 19.24% – 28.24%. MoneyGeek has also noted that this APR will vary with the market based on the Prime Rate.

Cash back Reward Rate

You may want to focus on the 3% cash back categories to get the most out of the card. The spending categories include qualified cellular service, gas stations, office supply shops and restaurants. All other purchases are eligible for a 1% cash back rate.

Balance Transfer APR and Fees

For balance transfers made within 30 days of account opening, the card offers you a 0% introductory APR for the first 15 billing cycles. After that, depending on your creditworthiness when you open your account, you could have a variable APR of 19.24% – 28.24%.

Penalty APR

If you are five calendar days late twice or 30 calendar days late once, made a payment that is returned or if you exceed your U.S. Bank Triple Cash Rewards Visa® Business Card credit limit two times in 12 months, the penalty APR of 29.99% may be imposed on your account.

Additional Benefits

The U.S. Bank Triple Cash Rewards Visa® Business Card is a great choice for spending a lot of money in the card's bonus categories. Other noteworthy features of the U.S. Bank Triple Cash Rewards Visa® Business Card are worth mentioning. The following are some that you might find useful.

No fraud liability: You will not be held responsible for unauthorized charges such as with lost or stolen cards. If you report your card's status immediately, any subsequent transactions will not affect you or your U.S. Bank Triple Cash Rewards Visa® Business Card credit score.
Global Emergency Services: You can rely on Mastercard Global Services no matter where you are. Its representatives can assist you with various issues, including lost and stolen card reporting, emergency cash advances and more.
Real-time rewards: After signing up for the bank’s service, you may instantly redeem your points for qualified purchases by sending a text message. When you make a purchase, you will get a message asking if you want to redeem your points right away.
Mastercard World Elite Benefits: All benefits that you can enjoy in terms of travel insurance, exclusive savings on various travel services, and special nightclub access are included in your World Elite Mastercard advantages.

How the U.S. Bank Triple Cash Rewards Visa® Business Card Compares To Other Cards

The U.S. Bank Triple Cash Rewards Visa® Business Card competes well with other business credit cards, and it can earn significant points for the right user. It is only right to compare it with another business credit card on the market.

MoneyGeek ran a quick comparison between the U.S. Bank Triple Cash Rewards Visa® Business Card and The Business Platinum Card from American Express regarding relevant fees and features.

How the U.S. Bank Triple Cash Rewards Visa® Business Card Compares

U.S. Bank Triple Cash Rewards Visa® Business Card

Annual Fee: 0$
Regular APR: 19.24% – 28.24% (Variable)
Welcome bonus: None
Foreign Transaction Fee: 3%
Mini Verdict: Best for small business owners who want cashback for eligible business needs

The Business Platinum Card® from American Express

Annual Fee: $695 See Rates and Fees
Regular APR: 18.74%-27.74% variable See Rates and Fees
Welcome Bonus: 150,000 Membership Rewards after spending $20,000 on eligible purchases within the first three months of card membership
Foreign Transaction Fee: None See Rates and Fees
Mini Verdict: Best for bigger businesses with high expenses that can maximize travel benefits

Frequently Asked Questions

What is the average credit score needed to get approved for U.S. Bank Triple Cash Rewards Visa® Business Card?

You need a good to excellent credit rating to qualify for the U.S. Bank Triple Cash Rewards Visa® Business Card.

Does U.S. Bank Triple Cash Rewards Visa® Business Card report to all three credit bureaus?

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard reports to all three credit bureaus, so your reports will reflect any general score improvements.

Is the U.S. Bank Triple Cash Rewards Visa® Business Card application process lengthy? Can you prequalify?

You will be redirected to an online application form after clicking the apply now button on the card’s page, and you can complete the form in under 15 minutes. Once you have specified your business structure, the form will ask you to provide relevant information needed to continue the process.

What information is needed to apply for U.S. Bank Triple Cash Rewards Visa® Business Card?

Typically, you will be required to provide information about your business structure, the legal business name, the country your business is formed in, the year you opened your business, phone number and your annual business revenue.

Does U.S. Bank Triple Cash Rewards Visa® Business Card have good customer service or satisfaction?

While it's difficult to obtain specific U.S. Bank Triple Cash Rewards Visa® Business Card customer service reviews, U.S. Bank has a 1.67-star rating on Sitejabber, indicating that many customers are disappointed with their service. Consumers have expressed dissatisfaction with the bank’s customer service, credit cards and local branch locations.

Does U.S. Bank Triple Cash Rewards Visa® Business Card have a mobile app or the option to pay or manage your account online?

You may download the U.S. Bank Mobile App to access your money anywhere. The app’s features include mobile check deposit, transfers between accounts, managing and paying bills and sending, receiving and requesting money.

Does U.S. Bank Triple Cash Rewards Visa® Business Card raise credit limits automatically or charge for limit increases?

The U.S. Bank Triple Cash Rewards Visa® Business Card may increase or decrease the credit limit based on its credit guidelines, credit report information, account history or the cardholder's financial circumstances.

Does U.S. Bank Triple Cash Rewards Visa® Business Card offer the option to freeze your credit/account or other security features?

The security features of the U.S. Bank Triple Cash Rewards Visa® Business Card are standard for the industry. With zero fraud liability, chip technology and 24/7 fraud monitoring, you can help safeguard your business from fraudulent purchases.

Does U.S. Bank offer other credit cards besides U.S. Bank Triple Cash Rewards Visa® Business Card?

U.S. Bank offers other credit cards such as U.S. Bank Altitude® Go Visa Signature® Card, U.S. Bank Altitude® Connect Visa Signature® Card and U.S. Bank Visa® Platinum Card.

For rates and fees of The Business Platinum Card® from American Express, please click here.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

Read Full Bio »

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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