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If you’re looking to earn a fat stack of cash for your business, the U.S. Bank Business Leverage® Visa Signature Card could do the trick. It’s got a 75,000-point welcome offer (worth $750) that you’ll earn after spending $7,500 in the first four months after opening the card. That’s an excellent small business credit card deal that can be redeemed for travel or just straight cash.
This card earns 2x points in the two bonus categories you spend the most in each month and there are nearly 50 categories that qualify. So not matter what your business expenses are, you’re likely to be able to take advantage of the bonus categories.
The information for the U.S. Bank Business Leverage card has been collected independently by Million Mile Secrets and has not been reviewed by the card issuer.
US Bank Business Leverage Visa Signature review
Earn 75,000 bonus points after spending $7,500 in the first four months from opening the account.
Benefits and perks
With this card you’ll earn:
- 2x points per dollar in the top two categories where you spend the most each month
- One point per dollar on all other eligible net purchases
What’s so interesting about this car is that you can earn bonus points in the top two categories you spend in each month and there are nearly 50 categories that qualify. This includes many bonus categories you won’t find on other top rewards credit cards. Here’s a list of the qualifying bonus categories (you can expand the list here to see all the subcategories, as well):
- Apparel and accessory stores
- Auto rental and transport providers
- Automotive dealers
- Automotive parts stores
- Automotive repair shops
- Cable, satellite, TV, and radio providers
- Charitable, civic, and religious organizations
- Commercial and home furniture stores
- Commercial equipment, parts and supply
- Computer service providers
- Computer stores
- Construction material suppliers
- Dental, lab, and medical equipment providers
- Department, book and novelty stores
- Direct marketers
- Discount stores and wholesale clubs
- Drug stores and pharmacies
- Durable goods providers
- Entertainment places
- Florist, nursery, and garden stores
- Freight and transport services
- Funeral homes and crematories
- Gas stations and fuel dealers
- Grocery stores and supermarkets
- Healthcare providers
- Home improvement service and supply
- Industrial suppliers
- Insurance providers
- Membership organizations
- Non-durable goods providers
- Non-medical testing labs
- Personal service providers
- Pet supply stores
- Plumbing and HVAC suppliers
- Postal and courier service providers
- Professional service providers
- Publishers and printers
- Schools and government
- Stationary and office supply stores
- Telecom equipment suppliers
- Telecom service providers
- Utility companies
- Wholesale goods providers
For example, if your top purchases in a single month are on accounting and new furniture for your home office, you’ll earn 2x points on those purchases for that month. But if the following month your highest expenses are on vehicle repair and clothing, you’ll earn double points in those categories instead.
Encore Relationship Rewards
You can earn up to 240,000 bonus points per year through the Encore Relationship Rewards program. The way it works is, if you have a U.S. Bank payment processing account you can earn extra bonuses by linking your card to the account. For every $2,000 in debit or credit card payments you accept and process through U.S. Bank you’ll receive 100 points, up to 20,000 points per month.
That’s a nice little extra $200 in rewards a month, but I don’t know much about U.S. Bank’s payment processing rates and you’ll want to shop around to make sure you’re getting the best rate and services for your business.
How to redeem rewards
This is essentially a cash-back credit card because the points you earn are worth one cent each for a few different redemptions. You can redeem your points for cash back, travel, gift cards or merchandise.
Is the annual fee worth it?
There’s a $95 annual fee, waived the first year. So it’s definitely worth trying the card out for the first year and because the bonus categories are automatically selected based on your spending, it’s an easy card to get the most out of. After the first year you’d need to spend an average of $4,750 in the card’s bonus categories each year in order to break even when paying the annual fee.
Who is the US Bank Business Leverage card for?
If you qualify for a business card and most of your expenses fall outside of the traditional bonus categories (office supplies, telecom, travel, etc.) then this card is worth considering. Also, it has one of the best bonuses offers currently available and you have a full four months to meet the minimum spending requirement.
The simplicity of this card is nice and it’s a good deal if you can get it, but there are other business cash-back credit card options that are better overall.
Business credit cards issued by U.S. Bank won’t appear on your personal credit report. The advantage of this is that this card won’t add to your Chase 5/24 count.
Alternatives to the US Bank Business Leverage card
While the this card’s wide range of 2x bonus categories sounds impressive, you can actually do better with several cards that cost the same to keep every year.
For example, the Capital One® Spark® Miles for Business earns 2x miles on every purchase (worth one cent per point toward travel) and Capital One® Spark® Cash for Business earns 2% cash back everywhere. Both cards have a $95 annual fee that is waived the first year. So for the exact same annual fee you aren’t limited to earning double rewards only in two categories each month. Anyway you slice it that’s a better deal long-term, however these Capital One credit cards do have smaller intro offers.
If you’re looking for a credit card with no annual fee, the Citi® Double Cash Card earns an unlimited 2% back everywhere (1% when you buy and 1% as you pay), although it isn’t a business credit card.
The information for the Capital One Spark Miles and Capital One Spark Cash has been collected independently by Million Mile Secrets and has not been reviewed by the card issuer.
The U.S. Bank Business Leverage Visa card has an excellent introductory offer worth $750 and you have a full four months to meet the card’s $7,500 minimum spending requirement. It also earns 2x points in the top two categories you spend the most in each month and there are tons of categories that qualify. Overall, it’s a solid card with a reasonable $95 annual fee that is waived the first year.
However, there are other cards with the exact same annual fee that earn double rewards on every purchase, regardless of category. So long term it’s not likely to be the best card for your business.
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