Compare top U.S. Bank business cards – November 2018
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Discover the best cards for travel perks, cashback rewards, intro APR periods and more.
U.S. Bank operates in 25 states and is the fifth largest bank in the US. If you live in an area where the bank has branches, you can apply for their business credit cards and enjoy the benefits that come along. Unfortunately, if you don’t reside in any of the states where the bank operates, you’ll have to check out other business credit cards.
Businesses that spend heavily on gas, office supplies or cell phone expenses could find the card’s increased cash back on these categories of great use. Furthermore, you get an easy-to-earn signup bonus and an annual cashback bonus based on your previous year’s spending.
Signup bonus.
Get $200 cash back after you spend $1,000 in the first 90 days of card membership. This bonus is relatively easy to obtain, especially when compared to other cards where you have to spend anywhere from $2,500 to $5,000 during the same period.
Cash back.
Earn 3% cash back on cell phone expenses, gas and office supplies, and 1% back on all other purchases. Keep in mind that gas purchases of $200 or less will earn you 3% back, and purchases of more than $200 will earn you 1% back. To redeem your rewards, you’ll need a minimum of $25.
Intro APR on purchases.
Enjoy a 0% intro APR period on purchases for the first nine billing cycles. After that, a variable APR of 13.74% to 24.74% will apply. This could be useful for your business if you’re planning to make a large purchase.
Annual cashback bonus.
Get a 25% annual cashback bonus based on your previous year’s spending — up to $250.
No annual fee.
You won’t pay anything to own this card for yourself and your employees.
Penalty APR.
This card has a penalty APR of 29.99%. It applies if you make a 30-day late payment or returned payment, or if you exceed your credit limit twice in 12 consecutive months. To revert the rate back to a lower level, you’ll need to make six consecutive payments of at least the minimum amount by the due date without exceeding your credit limit.
Cash back forfeiture.
If you fail to make the minimum payment when it’s due for two consecutive billing cycles or if your account is inactive for at least 18 months, U.S. Bank will forfeit all of your remaining rewards.
Foreign transaction fees.
You’ll pay a foreign transaction fee of of the transaction when you pay abroad in US dollars, or 3% of the transaction if you pay in a foreign currency.
Best business card for financing options: U.S. Bank Business Edge™ Platinum Card
If you’re looking for a business credit card that has a long intro APR period for balance transfers and purchases, and a low APR after that, this could be the right card for you. Unfortunately, these are the only perks you get. There’s no signup bonus or rewards on your spending.
Intro APR period.
Get a 0% intro APR period on balance transfers and purchases for the first 12 billing cycles after opening your account. After that, a variable rate of 11.99% to 19.99% will apply.
Low APR.
This card has a relatively low APR on balance transfers and purchases of 11.99% to 19.99% variable, which depends on your creditworthiness. If you have an excellent credit score, you may enjoy the lowest APR.
No annual fee.
This card comes with no annual fee.
Penalty APR.
Making two payments that are late by five calendar days or just one payment that’s late by 30 calendar days will get you saddled with a penalty APR of 29.99% for at least six months. You’ll also get stuck with this penalty rate if you make a returned payment or if you exceed your credit limit twice in 12 consecutive months.
Loss of intro APR.
U.S. Bank may end your intro APR period if you make a late or returned payment, or if you exceed your credit limit.
Foreign transaction fees.
Try to avoid using this card when traveling abroad or you’ll pay a fee of 3% of each transaction.
Best business card for travel rewards: U.S. Bank FlexPerks® Business Edge™ Travel Rewards Card
U.S. Bank FlexPerks® Business Edge™ Travel Rewards Card
Earn 25,000 bonus FlexPoints worth $375 on airfare, hotel stays, car rentals and more. Just spend $2,000 in eligible Net Purchases on your card within the first four months of account opening.
Business owners who travel often will like the perks this card offers. You can earn double points for a category you spend the most on every month — which you can redeem for travel rewards, statement credit, gift cards and more. It also comes with a decent signup bonus and an airline allowance for every flight ticket you redeem.
Signup bonus.
Get $400 to redeem for airfare, hotels and car rentals when you spend $2,000 in the first four months of card membership. This is one of the more generous signup offers you’ll get compared to other cards.
Earn FlexPoints.
Earn 2x points on a category you spend the most on each month — either gas, office supplies or airlines. You’ll also get 2x points for cell phone expenses and 1x points for all other purchases. Redeem points for travel rewards, your annual fee, statement credit, merchandise and gift cards.
Annual fee credit.
If you spend $24,000 in a calendar year, your $55 annual fee and $10 fee for each employee card will be credited back to your account. By spending $2,000 per month, you can carry this card at no additional cost.
Airline allowance.
Get $25 with each redeemed airline ticket to spend toward baggage fees, in-flight food and beverages or seat upgrades.
No foreign transaction fees.
Use this card freely when traveling abroad without worrying about foreign transaction fees. Other cards come with fees of up to 3% of every transaction.
Penalty APR.
You can get slapped with a penalty APR of 29.99% if you make late payments, returned payments or if you exceed your credit limit twice in 12 consecutive months. You’ll pay the penalty APR until you make six consecutive payments of at least the minimum amount by the due date.
Points expiry.
Your points expire five years after the date you earned them.
Annual fee.
Pay nothing for the first year — but starting the second year, there’s an annual fee of $55 for the account owner, plus $10 for each authorized employee. However, if you spend at least $2,000 per month, U.S. Bank will credit these fees back to your account.
Best business card for airline rewards: SKYPASS Visa Business Card
SKYPASS Visa Business Card
30,000 miles after $3,000 spend in the first 90 days
If you often fly with Korean Air, the SKYPASS Visa Business Card could help you earn miles that you can redeem for flights and seat upgrades with Korean Air and its partners. Furthermore, it comes with a signup bonus, and you can combine your SKYPASS Visa miles with SKYPASS flight miles for more redemption options.
Signup bonus.
Get 30,000 bonus miles after spending $3,000 in the first 90 days of card membership.
Earn miles.
Get 2x miles on Korean Air ticket purchases, gas and hotel bookings, and 1x miles on all other purchases. Redeem miles for airline tickets, seat upgrades, hotel stays and merchandise.
No foreign transaction fees.
For any purchase you make with this card abroad, you won’t pay any fees. Other cards come with fees of up to 3% of each transaction.
Combine miles.
You can combine your SKYPASS Visa miles with SKYPASS flight miles to make the most of your rewards. To get maximum benefits with Korean Air, you may want to enroll in SKYPASS Club.
Annual Korean Air lounge coupons.
Get two Korean Air lounge coupons every year after you pay your annual fee.
Annual coupon for Korean Air tickets.
Every year on the anniversary of your account opening, you’ll receive a $50 discount coupon to use toward Korean Air ticket purchases made within 90 days.
Annual fee.
Pay a single fee of $75 for the first year, and then every year after that you’ll be charged a $75 fee for both the account owner and every authorized employee who has a card.
Penalty APR.
You’ll pay a penalty APR of 28.99% variable if you make a single payment that’s 15-calendar days late, if your payment is returned or if you exceed your credit limit twice in 12 consecutive months. You’ll pay the penalty APR until you make six consecutive payments of at least the minimum amount by the due date.
Can lose out on earning miles.
If your account is five days past due or you exceed your credit limit at the close of your billing period, you won’t earn any miles during the next billing period.
Best business card for hotel rewards: Radisson Rewards™ Business Visa® Card
Radisson Rewards™ Business Visa® Card
Up to 85,000 Bonus Points - earn 50,000 Points after your first purchase plus 35,000 points once you spend $2,500 on your card within the first 90 days.
With more than 1,100 hotels worldwide, you’ve likely stumbled across a hotel that belongs to the Radisson group at some point. If not, you may want to consider other hotel cards. But if you often stay at Radisson properties, this could be a great card for you.
It lets you earn points with every purchase, plus you could qualify for two signup bonuses. And if you spend enough annually, you could earn additional free nights.
Signup bonus.
Earn 50,000 bonus points after making your first purchase. And you’ll get an additional 35,000 bonus points when you spend $2,500 within 90 days of your account opening. That’s enough for nine stays in a standard room at a Category 1 hotel, or one night in a premium room at a Category 6 hotel.
Earn points.
Earn 10x points for every purchase at the Radisson family of hotels and 5x points for all other purchases. Redeem points for award nights, gift cards and more, or convert them to flight miles at 20 airline partners.
Card renewal bonus points.
Each year when you pay your annual fee, you’ll receive 40,000 bonus points.
Earn free nights.
For every $10,000 spent in a calendar year, earn one free night stay at a Radisson property — up to three nights per year.
Gold status.
Get a complimentary Gold status upgrade and earn more points per dollar spent. You’ll also receive a 15% discount on food and beverages at participating hotels along with other membership benefits.
Annual fee.
This card comes with a $60 annual fee for the account owner, but no fee for authorized employees.
Penalty APR.
A single payment that’s 15-calendar days late or a returned payment will land you a penalty APR of 28.99% variable. The penalty APR may also be applied if you exceed your credit limit twice in 12 consecutive months. To get it removed, you’ll need to make six consecutive payments of at least the minimum amount when they’re due.
Foreign transaction fees.
When traveling abroad, you’ll pay a 2% fee for purchases made in US dollars and a 3% fee for transactions made in other currencies.
How to compare U.S. Bank credit cards
When deciding on which credit card is best for your business, you need to take several aspects into consideration.
Do you live in a state with a U.S. Bank branch? If you don’t, you won’t be able to get any of their business credit cards.
Does your business spend on gas and office supplies? In that case, the best card for your company could be the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®. You’ll get to earn higher cash back on these categories, plus you’ll get a bonus — based on your spending — of up to $250 every year. And what’s better is you get everything without having to pay an annual fee.
Do you want a low APR? For businesses with cashflow difficulties, a card with an intro APR for balance transfers and purchases and an overall low APR after that could be the right choice. The U.S. Bank Business Edge™ Platinum Card offers a long intro APR period and, depending on your creditworthiness, you could get an APR as low as 11.74%.
Does your business require frequent travel? If it does, the U.S. Bank FlexPerks® Business Edge™ Travel Rewards Card could be a good pick. You get to earn points on a category you spend the most on each month, and you can redeem your points for travel rewards, shopping or cash back. Plus, if you spend at least $24,000 a year, U.S. Bank will credit your card’s annual fee.
Do you often fly with Korean Air? For frequent Korean Air flyers, the SKYPASS Visa Business Card could be most useful. It lets you earn SKYPASS miles with every purchase, plus you get two Korean Air lounge coupons every year.
Do you stay at Radisson hotels? If your business travels often lead you to Radisson hotels, the Radisson Rewards™ Business Visa® Card could be the best choice. You’ll earn points on every purchase, and the signup bonus alone is enough for nine Category 1 standard room redemptions.
Spending controls. Set controls on your employees’ cards based on time, amount and location. You can also customize due dates and set alerts.
Fraud liability protection. You won’t be held liable for any unauthorized charges made with your card.
Travel and car rental insurance. You’re covered against accidental death and dismemberment when traveling on a common carrier when you pay the ticket entirely with your card. You also get coverage against theft and damage when you rent a car.
Online banking. Log on to your online banking account at the U.S. Bank website to pay bills and manage your spending.
Relationship rewards. Earn more rewards whenever your customers pay you with a credit card.
U.S. Bank mobile app. Download the mobile app and send payments, set alerts, find nearby ATMs and more.
These perks may not be available for all U.S. Bank business credit cards.
Bottom line
U.S. Bank has a wide range of business credit cards, whether you’re looking for cashback or travel rewards. The downside — you need to live in one of the 25 states where they currently operate.
If you happen to live in one of those states, you can choose from several cards with a variety of perks to meet your individual business’s needs. In addition to the specific benefits of the card you choose, you get zero liability for unauthorized charges, car rental and travel insurance, access to online and mobile banking and more.
Kliment Dukovski is a writer who specializes in global financial markets and personal finance, with a focus on credit cards. His main goal is to deliver honest and accurate information to help you make the right financial decision. When he's not writing about finance-related subjects, he writes sci-fi stories.
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