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No matter how valuable miles & points can be for travel, they’ll never be as useful and versatile as cash money.
That’s where the U.S. Bank Business Cash Rewards World Elite™ MasterCard® comes in. Are you looking for a very simple small business credit card that earns up to 3.75% cash back? Do you spend a lot at gas stations or on office supplies and cellular services? Do you want a decent welcome bonus without an intimidating spending requirement?
You’re looking at the right review! And I’ll share why this card is an outstanding deal if your small business has employees!
Let’s have a look at the US Bank Business Cash and see if it’s a good pick for you!
The US Bank Business Cash Card Sign-Up Bonus Is Worth $200
The US Bank Business Cash Rewards is a straightforward small business cash back card. No transfer partners and no complicated travel angles to figure out.
You’ll earn a welcome bonus of $200 cash after you spend $1,000 on purchases in the first 90 days of account opening. Lots of folks may appreciate the flexibility of cash instead of miles & points. Especially if you’re looking to grow your small business!
But here’s the card’s superpower: The terms and conditions for the US Bank Business Cash Rewards say, with respect to the bonus:
Each card meeting the spend requirements will earn cash back. Spend on multiple cards may not be combined to meet the requirement.
So, the caveat is you can’t combine spending among multiple cards to earn the bonus. But each employee card (free to add) will earn its own bonus if the spending requirement is met.
We reached out to US Bank for confirmation and they responded:
Each individual account under that business, whether the Authorized Officer or Authorized Employee(s), will independently participate in the offer based on their individual spend. We will not combine spend across all accounts under that business. So, yes, each employee account would also be able to earn up to $200 if they meet the spend threshold.
So if your small business has several authorized employees, this is an outstanding deal! Because you’ll earn a sign-up bonus from their business purchases on each of their cards, assuming they reach the minimum spending requirement.
How to Earn Cash Back With the US Bank Business Cash
The US Bank Business Cash earns 3% cash back on eligible net purchases at:
- Cellular services
- Gas stations
- Office supply stores
You’ll earn 1% cash back on all other purchases.
Note: You’ll only earn 3% at gas stations when your transaction is $200 or less.
You’ll also get a 25% bonus on your prior year’s cash back, up to $250! And the terms don’t seem to exclude the initial $200 welcome bonus you’ll earn when you open the card and meet minimum spending. So next year, you should get an automatic $50 bonus ($200 welcome bonus X 25% annual bonus)!
And US Bank confirms that each employee card will also earn an individual 25% bonus (with the same limit) on cash back earned the previous year.
How to Redeem Your Cash Back
This card earns cash back, so you can use the rewards for whatever on earth your heart desires!
You can redeem your cash back as a statement credit, U.S. Bank Rewards MasterCard card, or a deposit to your U.S. Bank business checking, savings or money market account.
There’s a minimum $25 redemption amount.
Benefits of the US Bank Business Cash
Annual 25% Bonus
Probably the greatest ongoing benefit of the US Bank Business Cash is its 25% annual bonus on all cash back earned from the previous year. It means you’ll get effectively 3.75% back on bonus categories (3% X 1.25), and 1.25% back on regular purchases (1% X 1.25) on up to $1,000 in cash back earned each year.
Employee Spending Controls
You can customize your employee business credit cards to control where, when and how your employees use them. For example, you can:
- Set controls by time, place, and dollar amount
- Customize payment due dates
- Set up account alerts and interest-saving tools
Secure Business Purchases
Your business is protected from unauthorized purchases with:
- Zero fraud liability
- Chip technology
- 24/7 fraud monitoring
Easy Way to Track Spending
The US Bank Business Cash card gives you access to a free online tool that provides instant access to reporting that is designed to give you a more clear picture of your credit card spending.
Is the US Bank Business Cash Worth the Annual Fee?
The US Bank Business Cash has NO annual fee. So you have nothing to lose by opening the card!
Does the US Bank Business Cash Card Have a Foreign Transaction Fee?
Who Should Sign-Up for the US Bank Business Cash?
This is a solid no annual fee small business card with NO caps on 3% bonus cash back.
If you think you’ll do a lot of spending in the card’s bonus categories, this could be a great fit for you! Especially if you find travel miles & points to be a bit of a headache, and prefer hard cash. Plus, the card has a relatively low minimum spending requirement to earn its $200 bonus.
And because this is a small business card, opening the card won’t hurt your chances of being approved for other more valuable cards later!
Because this is a small business card, you’ll need a for-profit venture to qualify.
But you don’t have to be working full-time at the business to qualify for a small business credit card. You could have only a part-time side hustle or freelance gig and still be approved!
And again, because authorized employees can also earn the sign-up bonus, this is an excellent card to consider if you need to issue business cards for employee spending.
Credit Cards Similar to the US Bank Business Cash
There are lots of no-annual-fee small business cards to choose from! If the US Bank Business Cash doesn’t feel like a good fit, here are our top recommendations.
1. Ink Business Unlimited
Apply Here: Ink Business Unlimited℠ Credit Card
The no-annual-fee Chase Ink Business Unlimited card is a great option for folks whose business expenses don’t fall into the spending bonus categories other cards have. Because it earns 1.5% cash back on all purchases with no limit to the amount of rewards you can earn!
And it currently earns a $500 bonus (50,000 Chase Ultimate Rewards points) after you spend $3,000 on purchases within the first 3 months of account opening! That bonus can be worth MUCH more in travel if you have an annual-fee Chase Ultimate Rewards card. Because then you’ll be able to transfer the points you earn to Chase’s travel partners!
2. Ink Business Cash
Apply Here: Ink Business Cash℠ Credit Card
With the no-annual-fee Chase Ink Business Cash, you’ll earn a $500 cash bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases in the first 3 months of account opening. This is the highest bonus we’ve ever seen on this card!
With the Ink Business Cash Credit Card, you’ll earn:
- 5% cash back (5X Chase Ultimate Rewards points per $1) on the first $25,000 spent in combined purchases at office supply stores and on phone, internet, and cable TV services each account anniversary year
- 2% cash back (2X Chase Ultimate Rewards points per $1) on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- 1% cash back (1X Chase Ultimate Rewards point per $1) on all other purchases
A little more complicated than the other cards, but potentially much more profitable, too! And similar to the Ink Business Unlimited, you can get much more value if you have an annual-fee Chase Ultimate Rewards card. Because you can transfer the points you earn to Chase’s travel partners!
The U.S. Bank Business Cash Rewards World Elite™ MasterCard® is a good pick for small business owners who prefer the simplicity of cash back and an easy-to-earn welcome bonus. You can earn a $200 cash back bonus after spending $1,000 on purchases in the first 90 days after account opening.
But here’s where this card really shines! Your authorized employees (free to add) can each qualify for the sign-up bonus if they meet the minimum spending requirement on their card. But you can’t combine spending across multiple cards to reach the minimum spending threshold.
You’ll also earn 3% cash back on eligible net purchases on cellular services, gas stations, and office supply stores, and 1% cash back on everything else. Plus you’ll a 25% bonus on the cash back you’ve earned (up to $250 bonus) each year.