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U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Review for 2022

U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Review for 2022

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a great option for businesses with recurring subscription expenses for software

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The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a great option for businesses with recurring subscription expenses for software like FreshBooks or QuickBooks. This small business credit card allows you to earn unlimited cash back rewards on your purchases and charges no annual fee. It also offers a 0% introductory annual percentage rate (APR) on purchases and balance transfers for the first 15 billing cycles.

If you wish to compare one card to another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

0% APR for 15 billing cycles


Apply Now

On US Bank’s Secure Website

Intro APR

0% for first 15 billing cycles

Regular APR

15.49% to 24.49% (Variable)

Credit Needed

Excellent/Good

  • Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the account owner’s card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
  • No limit on total cash back earned
  • Rewards never expire
  • Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
  • 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 15.49% to 24.49%.
  • No annual fee
  • Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
  • Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR

0% for first 15 billing cycles

Regular APR

15.49% to 24.49% (Variable)

Credit Needed

Excellent/Good

  • Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the account owner’s card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
  • No limit on total cash back earned
  • Rewards never expire
  • Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
  • 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 15.49% to 24.49%.
  • No annual fee
  • Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
  • Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
  • Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.

When grading cash back business credit cards like the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®, we weigh ongoing rewards first. We rate introductory rewards as slightly less important, but they are still considered the second-biggest factor in our evaluation. We also take into account the annual fee, introductory and ongoing APRs, and other card benefits.


Who U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Is Best For

  • Business owners with frequent expenses on gas, office supplies, and cellphone services: You can earn 3% cash back rewards from eligible purchases, including gas, office supplies, and cellular phone services.
  • Business owners who spend on software subscriptions: The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® becomes more valuable if your business has recurring subscription expenses for software, such as FreshBooks and QuickBooks, as it offers an annual statement credit of $100 for these subscriptions.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Fees

APR

  • Introductory APR: 0% on purchases and balance transfers for the first 15 billing cycles
  • Ongoing APR: 15.49% to 24.49% variable, which will adjust with the prime rate
  • Cash advance APR: 27.49% variable, which will adjust with the prime rate
  • Balance transfer APR: 0% introductory APR for the first 15 billing cycles within 30 days from account opening. After that, an APR of15.49% to 24.49% will be applied, based on your creditworthiness
  • Penalty APR: 29.99% and will be applied until you’ve made six consecutive minimum payments when due and did not exceed your credit limit during that time period
  • Grace period: Due date is 24 to 30 days after the close of each billing cycle

Fees

  • Minimum interest charge: No less than $2
  • Annual fee: None
  • Balance transfer fee: $5 or 3% of the transfer during the application, whichever is greater
  • Convenience check cash advance: $5 or 3% of the transfer during the application, whichever is greater
  • Cash equivalent advance: $5 or 3% of the transfer during the application, whichever is greater
  • Foreign transaction fee: 3% of each foreign transaction
  • Cash advance fee: $10 or 5% of the advance, whichever is greater
  • Overdraft protection: None
  • ExtendPay fees: Monthly fee that didn’t exceed 1.6% of the original principal amount in an ExtendPay Plan or ExtendPay Loan
  • Late payment fee: $40
  • Returned payment: $40
  • Overlimit: $40

Penalty APR will be applied to your account if one of these instances occurs:

  1. Made payments five calendar days late twice or 30 calendar days late once.
  2. Made a returned payment.
  3. Exceeded your credit limit two times within the past 12 months.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Rewards

  • 5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center
  • 3% cash back on eligible purchases at gas and electric vehicle (EV) charging stations, office supply stores, cellphone service providers, and restaurants
  • 1% cash back on all other net purchases.
  • $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks, within two statement billing cycles following 11 consecutive months of eligible software service purchases made directly with a software service provider
  • Welcome offer: Earn $500 in cash back after you spend $4,500 on eligible purchases (on the account owner’s card) within the first 150 days of opening your account.

You may redeem your cash back rewards as a statement credit, a credit to your U.S. Bank Rewards card, or as a deposit to your U.S. Bank business checking, savings, or money market account. The number of rewards that may accumulate for your account is unlimited. Accumulated rewards won’t expire as long as your credit card account remains open.

How To Make Payments on the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

  • Visit a branch: You can go to the nearest U.S. Bank branch to pay your credit card bill. To find a U.S. Bank ATM or branch location near you, visit usbank.com.
  • Third-party: U.S. Bank accepts payments through a variety of third-party payment methods, such as bill pay, wire transfers, and others.
  • Mail: You can mail your check or money order through regular mail or overnight delivery:
  • Online/mobile banking: You can make your payment electronically by setting up either autopay or a one-time payment through the U.S. Bank website or mobile app.
  • Phone: You can call the number found on the back of your card or call (800) 285-8585.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Additional Features

Pay With Your Phone

You can add your U.S. Bank Business Triple Cash Rewards World Elite Mastercard® to your phone as a payment option. You can make secure and convenient contactless purchases easily using Apple Pay, Google Pay, or Samsung Pay.

Account Management Tools

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® features a free online tool that can access reporting to help track spending. Automatic payment tools are also available to give you the flexibility to pay off everyday purchases in full.

U.S. Bank ExtendPay™ Plan

The “buy now, pay later” feature allows you to divide large purchases into fixed monthly payments with the U.S. Bank ExtendPay™ Plan. You’ll be charged a small monthly fee for this service.

24/7 Dedicated Service

U.S. Bank offers a 100% domestic servicing center that is dedicated to catering to your needs 24/7

Pros & Cons of the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Alternatives

Chase Ink Business Preferred®

Chase Ink Business Preferred® is an excellent option for business owners who frequently travel and would prefer to earn travel rewards as it offers 3 points per dollar on the first $150,000 spent in combined purchases among four categories for each account anniversary year, namely travel, shipping purchases, advertising on search engines and social media sites, and expenses on internet, cable, and phone services. While it doesn’t have an interest-free financing scheme, it doesn’t charge foreign transaction fees. We included this business credit card as one of our top picks for the best credit cards for real estate agents and the best limited liability company (LLC) credit cards.

Ink Business Preferred® Credit Card

?Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.

Maximizing travel rewards at a lower annual fee


Apply Now

On Chase’s Secure Website

Regular APR

16.74% – 21.74% Variable

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Pros
  • Opportunity to boost the value of reward points
  • Offers cellphone protection and trip cancellation insurance
Cons
  • Doesn’t offer an interest-free financing period
  • Charges an annual fee
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
  • Cellphone protection: You and the employees named on the phone bill you pay for with your card are covered for up to $600 in theft or damages per claim. You are limited to three claims per 12-month period, with a $100 deductible per claim.
  • Trip cancellation and delay insurance: If your trip is canceled, you can be compensated up to $15,000 for prepaid expenses such as airfare or hotels. If your trip is delayed for 12 hours or more, you can be reimbursed up to $500 for your hotel room, meals, and transportation.
Regular APR

16.74% – 21.74% Variable

Credit Needed

Good, Excellent

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Pros
  • Opportunity to boost the value of reward points
  • Offers cellphone protection and trip cancellation insurance
Cons
  • Doesn’t offer an interest-free financing period
  • Charges an annual fee
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
  • Cellphone protection: You and the employees named on the phone bill you pay for with your card are covered for up to $600 in theft or damages per claim. You are limited to three claims per 12-month period, with a $100 deductible per claim.
  • Trip cancellation and delay insurance: If your trip is canceled, you can be compensated up to $15,000 for prepaid expenses such as airfare or hotels. If your trip is delayed for 12 hours or more, you can be reimbursed up to $500 for your hotel room, meals, and transportation.

Chase Ink Business Cash®

The Chase Ink Business Cash® card is a good alternative if you can spend $7,500 on purchases in the first three months after opening an account as it offers a $750 welcome bonus. This is also a good alternative if you don’t need to transfer a balance from another credit card because its 12-month 0% introductory APR only applies to purchases. Lastly, it offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each anniversary year, then 1% afterward. As such, this is our top pick for the best limited liability company (LLC) credit cards.

Ink Business Cash® Credit Card

Ink Business Cash® Credit Card

?Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.

Office-based businesses that want top cash back rewards


Apply Now

On Chase’s Secure Website

Intro APR

0% Intro APR on Purchases

Regular APR

13.99% – 19.99% Variable

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • 0% introductory APR for 12 months on purchases
Pros
  • Top rewards for office supply spending
  • Introductory APR on purchases
  • Cash sign-up bonus
Cons
  • 0% APR doesn’t apply to balance transfers
  • High balance transfer fee of 5%
  • Designed mainly for office-oriented companies
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
  • Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
  • Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Intro APR

0% Intro APR on Purchases

Regular APR

13.99% – 19.99% Variable

Credit Needed

Good, Excellent

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • 0% introductory APR for 12 months on purchases
Pros
  • Top rewards for office supply spending
  • Introductory APR on purchases
  • Cash sign-up bonus
Cons
  • 0% APR doesn’t apply to balance transfers
  • High balance transfer fee of 5%
  • Designed mainly for office-oriented companies
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
  • Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
  • Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.

Bank of America® Business Advantage Customized Cash Rewards Credit Card

If you have an existing banking relationship with Bank of America, you may want to consider applying for the Bank of America® Business Advantage Customized Cash Rewards Credit Card as it has interest-free financing on purchases for the first nine billing cycles from account opening and it doesn’t charge any annual fees. In addition, this business credit card offers 3% cash back on the category of your choice, including gas stations, office supply stores, travel, TV or telecommunication services, computer services, or business consulting services.

Business Advantage Cash Rewards Mastercard® credit card

?Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.

Up to 3% cash back in a spending category of your choice


Apply Now

on Business Advantage Cash Rewards Mastercard® credit card’s secure website.

Regular APR

12.24% – 22.24% Variable APR on purchases

  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening―with no annual fee and cash rewards don’t expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
  • You’ll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first nine billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
  • Flexible redemption options
  • No annual fee
  • Sign-up bonus
Cons
  • Premium rewards are capped at $50,000 each year
  • Earns top rewards in only one spending category only
  • Short 0% APR period
  • Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Regular APR

12.24% – 22.24% Variable APR on purchases

  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening―with no annual fee and cash rewards don’t expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
  • You’ll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first nine billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
  • Flexible redemption options
  • No annual fee
  • Sign-up bonus
Cons
  • Premium rewards are capped at $50,000 each year
  • Earns top rewards in only one spending category only
  • Short 0% APR period
  • Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.

Bottom Line

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® has no annual fee and is best for businesses that often spend money on eligible categories such as office supplies, gas, and cellphone services. This card also offers a $100 statement credit for recurring software subscription services. To find other cards that may be a better fit for you, check out our Credit Card Marketplace.

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