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US Bank offers four small business credit cards, each of which is targeted at fulfilling different needs of a company. We'll highlight the value proposition for each US Bank business card for different kinds of companies, and compare how the offers from US Bank stack up against competing business cards from Bank of America or American Express.
US Bank Business Credit Cards
Before choosing a credit card for your business, it is important to consider and be informed as to all your available options, and then figure out which one will be the best fit for your company's financing or purchasing needs. If you are willing to consider options outside of US bank, we advise to look to our comparison tool below. It will allow you to compare different business credit cards at a glance, and see which ones provide the most rewards or savings based on your company's expenditures.
U.S. Bank Business Select Rewards Card: Best For Businesses With High Shipping or Advertising Expenditures
The Select Rewards business credit card from U.S. bank has a flexible rewards program, which can lend itself to a variety of different businesses. Users can earn 3 points per $1 on purchases in a category of their choosing, which are summarized in the following table.
|Shipping, advertising, utilities, office supplies, telecom and professional services|
|Gas, service, tires, tolls, dealerships, car washes and repairs|
Travel and Entertainment
|Airlines, auto rental, hotels, restaurants and travel agencies|
Shipping and advertising, in particular, are two of the more unique categories we've seen credit card companies issue bonus points for. A number of credit cards, both business and personal, reward extra points for spending on office supplies and road or air travel. Therefore, if your monthly expenses are heavily weighted towards shipping products or goods to customers, this can be a worthwhile card to have. Perhaps a good chunk of your operational expenses is running ads in local newspapers or on television, U.S. Bank Business Select Rewards Card is a good option to keep around. Just check that US Bank recognizes those vendors as advertising and shipping companies.
The reward points you earn through this card are best spent on travel redemptions - there they can average a rate of $0.01 per point. Using them for statement credit, on the other hand, would result in just $0.007. If the points are used for travel redemptions, shopping in one of the above categories will yield a rewards rate of 3% - significantly higher than average. Businesses can earn unlimited points with no caps by using the U.S. Bank Business Select Rewards Card.
- 10,000 bonus points when you spend $500 during the first 90 days after opening your account
- 3% rewards rate on category of choice: day-to-day expenses, automotive, or travel and entertainment
- No annual fee
U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®: Best Cash Back Offer
The Cash Rewards Edge business credit card from US bank is a decent cash back credit card for businesses with heavy gas, office, and cellular expenditures. Since the rewards are in the form of cash back, businesses using the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® can enjoy greater freedom in how to use their credit card rewards - as opposed to, for example, the U.S. Bank Business Select Rewards Card which forces you into travel redemptions for the highest value. The two Chase business credit cards also provide rewards in similar categories, at a far better rewards rate (5%). However, both the Ink Plus® Business Credit Card and the Ink Business Cash℠ Credit Card have spending caps, after which the rewards earn rate is knocked down to just 1%. The rewards earned through the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® are unlimited. Therefore, if you spend at least $95,200 annually in these 3% categories, we heavily recommend getting the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® for your business.
This card also earns users a 25% bonus on annual rewards – up to $250 annually. That means for the first $6,667 in spending on gas, office supplies, and cell phone bills the actuall rewards rate on this card will be 3.75%.
- 3% cash back on all cellular, gas and office supply net purchases
- 25% bonus based on your prior year’s Cash Rewards, up to $250
- 0% intro APR on purchases for the first 9 billing cycles
U.S. Bank FlexPerks® Business Travel Rewards: Best For Businesses with Variable Expense Categories
The FlexPerks Business Edge credit card is best for businesses with expenditures that vary throughout the year. The card earns users 2 FlexPoints per $1 on gas, office supply or airline purchases - whichever you spent most on, in a given billing cycle. Through this, you are not locked into a single reward category, allowing you to optimize rewards month-to-month, based on your firm's spending. This works great if you're on the road for client meetings in certain periods in the year, or you concentrate buying your paper or printing needs seasonally. We value a single FlexPoint at $0.017, meaning the rewards rate on these purchases comes out to 2.4%. All other spending results in 1 point per $1, or a 1.7% rewards rate.
Whenever you redeem your points earned through the U.S. Bank FlexPerks® Business Travel Rewards on travel, you will also be granted a $25 airline allowance per ticket. This can be used to pay down things such as baggage fees or in-flight food. This benefit can be a big money saver for companies that need to fly employees out for long business trips, which require them to check bags.
- 20,000 bonus FlexPoints after you spend $3,500 in net purchases within the first four months of account opening (estimated value: $338)
- Rewards rate between 1.7% and 2.4%
- $55 annual fee credit every year you spend more than $24,000
Business Edge™ Platinum: Best For Consolidating Credit Card Debt
The Business Edge Platinum card from US Bank is an excellent choice for companies that need to carry a balance month to month, or those that want to consolidate their previous credit card debt into a lower interest offer. Perhaps your company made a large equipment or capital investment in the beginning of the year that needs future sales to help pay off. Business Edge™ Platinum helps to lighten the load. This is one of the few small business credit cards to come with a '0% intro APR' benefit on balance transfers.
The one caveat to saving money on interest is that the Business Edge™ Platinum doesn't have any rewards program. Therefore, once your company's financials become more stable, and you can consistently pay down your balance in full each month, it will be financially more rewarding to sign up for a rewards credit card. That way, you will optimize every dollar you spend on credit.
- 0% intro APR on purchases and balance transfers for the first 12 billing cycles
- No annual fee
One of the important decisions a business owner makes is what credit card to pick for their company – that is what kind of control and management options are provided? American Express and Chase Business credit cards are particularly good at allowing businesses to track how their money is being spent, by making spending exportable into programs such as Quicken. US Bank business credit card lack such features.
However, US Bank does allow business owners to set control over how employee cards are used. They may restrict the time of day/week, geographic area, merchant type, credit limit, and transaction type per card. This can be especially helpful for mid-sized businesses, with many employee cards out in circulation.
Compare US Bank Small Business Cards To Other Options
If you wish to simultaneously compare many different small business credit cards, our interactive tool below allows you do so. Enter your company's estimated monthly expenditures by category, and the tool will calculate for you the rewards that spending can translate to, giving you a custom sorted list that's based specifically on your budget.