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INSIDER SECRET: Small business credit cards issued by most of the major banks won’t add to your Chase 5/24 count (Discover and Capital One business cards are the exception), so you can apply for U.S. Bank business cards without limiting your options for earning Chase credit card bonuses in the future.
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® has a new $500 bonus you can earn after you spend $4,500 in the first 150 days of account opening. That’s a rock-solid offer for a no-annual-fee U.S. Bank credit card.
A $500 bonus is usually as good as it gets for a no-annual-fee cash back card, although the $500 offers for the Ink Business Unlimited℠ Credit Card and Ink Business Cash℠ Credit Card are more valuable. Those bonuses can be worth much more when paired with other Chase credit cards.
U.S. Bank Credit Card $500 Cash Back Offer
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® comes with the following perks:
- 3% cash back on eligible gas station, office supply store and cell phone/service provider purchases
- 1% cash back on everything else
- 25% annual bonus based on the prior year’s cash back (up to $250)
Fuel purchases from a warehouse club, superstore, supermarket or convenience store will only earn 1% cash back. Also, single gasoline purchases of $200+ will only earn 1% cash back.
You can redeem rewards in $25 increments with a $25 minimum.
Being able to earn a 25% bonus every year is a unique perk which essentially means you’ll be earning 3.75% cash back in the bonus categories and 1.25% cash back on everything else. Keep in mind that the $500 sign-up bonus won’t qualify for the 25% annual bonus.
Overall, this is a solid cash-back business card — and because it won’t show up on your personal credit report, it won’t add to your Chase 5/24 count. You will need to have some sort of for-profit operation to qualify for the card. However, it doesn’t have to be as complicated as you think to qualify for a small business card. Even a part-time gig could be enough to make you eligible, including driving for Uber or Lyft, dog walking or selling things on eBay for a profit. And if you’re a sole proprietor you can use your social security number as your business tax ID and your name as your business name.
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