Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
In the midst of this crazy Corona Virus Pandemic, U.S. Bank came out with not one, but TWO brand new BUSINESS bank credit cards. I am actually pretty pumped about these offers and I’ll get into the details on why.
Business cards and Chase 5/24
Some of you may know I have been trying to get under Chase 5/24 for SOME time now. I FINALLY was back under early March and I have 2 more falling off in May. I was holding out on applying for any new credit to just work with Chase for a bit. Well, then the COVID-19 decided to bring its ugly virus around and messed up pretty much everyone in the world’s plans.
So, I quickly was able to apply and get approved for a Chase Ink Cash card the other day. I was planning on playing the sitting game again.
U.S. Bank surprised me with these two new offers that i’ll break down below. The good news about these offers though is that they are business card offerings, and U.S. Bank does not report business spend to personal credit bureaus. What does that mean for you? These two card offerings will not count against you for Chase’s 5/24 rule. Yay! Now you just have to decide which one will work best for you.
New US Bank Offerings
U.S. Bank Business Cash Rewards World Elite(TM) MasterCard(R)
- Earn $500 after you spend $4,500 in the first 150 days of card opening
- 0% intro APR for the first 15 billing cycles
- No Annual Fee
- 3% cash back on select purchases
- 1% on all other eligible net purchases
- Annual 25% Cash Rewards Bonus, up to $250
- Learn More
The 3% Select Purchases category includes Gas Station, Office supply store and Cell Phone Provider net purchases.
I’m actually super impressed with this business card. Offering 0% on introductory purchases for 15 months essentially will be huge for businesses needing to get by during these tough times. No annual fee, and even a $500 welcome offer. I really have no negatives to say! Even the annual 25% cash rewards bonus sounds awesome. I will be applying for this card today.
U.S. Bank Business Leverage(R) Visa Signature(R) Card
- Earn 75,000 points worth $750 cash back after spending $7,500 in eligible net purchases in the first 4 months of account opening
- Automatically earn 2x points per dollar on eligible net purchases in the top two categories where you spend the most each month.
- Earn 1x points per dollar on all other eligible net purchases
- No caps or limits on the total points you can earn
- $95 annual fee, waived the first year.
- Learn More
I like that you can automatically earn 2x points per dollar on your top two spending categories. This is great for any odds n ends business expenses you might not have but they do not qualify for any other ‘bonus categories’ Its also great that there are no caps or limits on the total points you can earn.
The U.S. Bank Business Leverage(R) Visa Signature(R) Card is definitely the better deal of the two for the ‘up front’ welcome offer of $750 vs the $500 you’d get from the U.S. Bank Business Cash Rewards World Elite(TM) MasterCard(R). However, I am leaning towards applying for the Business Cash Rewards card as it will net you the $500 welcome offer as well as a 25% Annual Cash Rewards Bonus at the end of the year, up to $250, which equals the same $750. It also has the 0% interest for 15 months.
Either way though, you can’t go wrong. Both seem to be great cards welcome offers. I will update the post with applying once I have a decision made!
Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers.Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.