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20,000
Points as welcome offer
Up to 3x
Points
$0
Annual fee
0%
Intro Purchase APR
for the first 9 billing cycles (then 14.24% to 25.24% variable)
| Product Name | U.S. Bank Business Select Rewards |
|---|---|
| Card type | Visa |
| Annual fee | $0 |
| Purchase APR | 0% intro for the first 9 billing cycles (then 14.24% to 25.24% variable) |
| Balance transfer APR | 14.24% to 25.24% variable |
| Balance transfer fee | $5 or 3% of the transaction, whichever is greater |
| Cash advance rate | 26.24% variable |
| Cash advance fee | $10 or 5% of the cash advance amount, whichever is greater |
| Penalty APR | 29.99% fixed |
| Foreign transaction fee | 3% of the transaction value |
| Interest free period | Up to 30 days |
| Late payment fee | Up to $39 |
| Returned payment fee | $35 |
| Rates & fees | rates & fees |
If you like flexibility and a card tailored to your business’s needs, U.S. Bank Business Select Rewards is worth considering. As its name suggests, you select a rewards category that’s most attractive to your business, earning accelerated points in that category in addition to a flat rate on all purchases.
The U.S. Bank Business Select Rewards could be a good fit for small business owners. It has no annual fee, a signup bonus that’s relatively easy to get and an attractive intro APR rate on purchases.
In addition, monitor employee spending with peace of mind that purchases are protected with zero fraud liability and fraud monitoring.
No businesses have the same needs, so this card maximizes rewards in a category that fits your spending — day-to-day expenses, automotive or travel and entertainment — with no limits on rewards. Earn 1 point for every dollar you spend outside your selected category.
Spend just $1,000 on purchases in the first 90 days your account is open to earn 20,000 bonus points.
If you’re planning a large purchase, use your new card to enjoy a 0% intro APR on purchases for the first 9 billing cycles. After that, you’re charged a variable APR of 25.24% to 25.24%.
You won’t pay an annual fee for the life of the card.
The U.S. Bank Business Select Rewards offers three categories to match your business’s needs:
Add employees to your account at no extra fee and earn rewards across all cards.
You’re protected against unauthorized purchases with zero fraud liability and 24/7 fraud monitoring.
Redeem points for cash, travel, gift cards and merchandise at variable point values.
The card extends an intro APR on purchases only. If you’re looking to transfer balances to pay down existing debt at a lower rate, this might not be the card for you.
Late payments can result in an indefinite revert rate of up to 29.99% APR. And you’ll pay 26.24% variable APR on cash advances from the date of your transaction.
If you travel abroad often, you may want to leave this card at home. Otherwise, you’ll pay 2% for purchases made using US dollars and 3% for purchases in foreign currency.
This card may be best for business owners looking to earn easy rewards on everyday purchases without having to pay an annual fee.
It’s unusual for business rewards cards to offer points for car washes and repairs, which might help if your business supports a fleet of vehicles.
To apply for a U.S. Bank Business Select Rewards, you must be a US citizen who’s at least 18 years old or age of majority in your state. To open a credit card, you must also live in a state where a U.S. Bank is located.
Generally, business rewards cards require a good to excellent credit score. You’ll have a better chance of approval with an excellent credit score of 740 or higher.
Most credit card providers prefer customers with high incomes and good to excellent credit scores. The higher you score, the higher the odds of approval.
Always consider your options and your financial situation before you apply for a credit card.
Of the 110 customer reviews with the Better Business Bureau as of this writing, an overwhelming 98% are negative. But few directly relate to U.S. Bank’s credit card products. Those that do cite unexpected credit limit decreases, confusion over payment deadlines and poor customer service.
Accredited with the Better Business Bureau since 1970, U.S. Bank earns a B from the BBB based on its years in business and responsiveness to customers, among other internal criteria.
U.S. Bank doesn’t say how long it takes to decide on your application, but most credit cards send a decision in a few days.
After application approval, you’ll likely receive your card by mail within a few weeks.
If you’re a small business owner looking for a rewards card with no annual fee, take a look at U.S. Bank Business Select Rewards. It’s not the strongest rewards card out there, but you can choose from among three categories of spending to earn 3x points on your purchases, including an automotive category that includes gas, dealerships, car washes and more.
You’ll also earn a bonus 20,000 miles by spending $1,000 — an easily attainable goal.
For more robust rewards or cards that waive foreign transaction fees while you travel, compare other options with our guide to travel rewards credit cards.
Images: usbankedge.com
