The
U.S. Bank Triple Cash Rewards Visa® Business Card is a good credit card for business owners with good credit or better who want to earn bonus rewards in popular business spending categories and avoid interest on company financing for a year.
U.S. Bank Business Triple Cash is easily worthwhile, given its
$0 annual fee. I’ll break down the specifics for you below.
What I Like About U.S. Bank Triple Cash Business
Attractive rewards in popular spending categories
The U.S. Bank Triple Cash Business Card is best for small business owners whose biggest expenses include:
- Cellular phone service
- Gas and EV charging station transactions under $200 (excluding discount stores/supercenters and wholesale clubs)
- Purchases made at office supply stores
- Restaurant purchases
- Prepaid hotels and car rentals booked directly in the U.S. Bank Travel Center
The first four categories will get you 3% back. The final category yields 5% back. Both earning rates are excellent, allowing you to earn several times more than average.
Valuable initial bonus
The
U.S. Bank Business Triple Cash Card offers a rewards bonus of
$750 cash back for spending $6,000 in the first 180 days. That’s a pretty sweet deal, given that the average cash back bonus is
$236, according to our latest
Credit Card Landscape Report.
No annual fee to account for
The fact that the
U.S. Bank Business Triple Cash Card doesn’t charge an annual fee makes it
$27.85 per year cheaper than the average credit card, but that isn’t necessarily a good thing. Sure, all else being equal, not having to pay an annual fee is preferable. But you shouldn’t discount a card just because it charges a fee or automatically gravitate to those that don’t.
Many of the best credit cards have annual fees, but they still offer the most value thanks to especially generous rewards. You just have to take both sides of the equation – how much you’ll earn and how much you’ll have to spend – into account when comparing offers.
0% introductory APR on purchases and balance transfers
U.S. Bank Business Triple Cash offers an intro APR of
0% for 12 billing cycles on new purchases and balance transfers. For context, other cards offer 0% for an average of
12 months on purchases and
13 months on transfers. So, this offer isn’t mind-blowing, but it could still help you save a lot.
What I Don’t Like About U.S. Bank Triple Cash Business
High regular APR
The Triple Cash Card’s interest rate is above the
market average for cards that require excellent credit. And it also has the potential to be higher than average even for a good-credit credit card. So, nothing special there.
Even more importantly, carrying a balance from month to month with a business credit card when the intro period ends is inherently risky. Because standard consumer protections don’t apply to business cards, a credit card company can increase the rate on your balance at any time.
High balance transfer fee
If you want to reduce the cost of existing debt by transferring it to this U.S. Bank business credit card, you will have to pay a fee equal to
5% (min $5) of what you transfer. Better options are available, with lower transfer fees and longer 0% intro promotions.
Lackluster rewards for most types of purchases
The U.S. Bank Triple Cash Business Credit Card gives just
1% cash back on purchases that do not qualify for the bonus rewards. That’s just about average for a cash rewards card, and some cards offer 1.5% to 2% back at a minimum. As a result, this card is best for bonus category spending, and you might want to consider getting a card with a higher base earning rate for other everyday spending.
Good personal credit is a prerequisite
Business really is personal as far as credit is concerned, seeing as all major issuers base business credit card approval on your personal credit history. And since it must be top-notch for you to qualify for the
U.S. Bank Business Triple Cash Card, you may want to
check your latest credit score for free here on WalletHub before submitting an application.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
