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A $500 welcome bonus and no annual fee: The new U.S. Bank Business Triple Cash Rewards card

Aug. 03, 2021
6 min read
Woman looks at credit card while going over business expenses
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It seems like new and revamped rewards cards are appearing on the scene every day, and the latest entrant is the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® (see rates & fees).

The new U.S. Bank Business Triple Cash Rewards card earns up to 3% cash back on a variety of purchases, but does not charge an annual fee, making it a solid choice for some small-business owners. That said, you might do better with one of its competitors depending on where your business spends the most money, or if you’re looking for rewards beyond simple cash back.

Here are the details on the new U.S. Bank Business Triple Cash Rewards card, and how it stacks up against the competition.

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U.S. Bank Business Triple Cash Rewards card details

The new U.S. Bank Business Triple Cash Rewards World Elite Mastercard has launched with an interesting welcome offer and earning rates many small-business owners should appreciate.

Current welcome offer

Earn $500 cash back after spending $4,500 on purchases in the first 150 days of opening your account. Plus, get 0% introductory APR on purchases and balance transfers for the first 15 billing cycles (after that it adjusts to a variable APR of 17.74% to 26.74%).

Annual fee

$0

Earning rates

The U.S. Bank Business Triple Cash Rewards card earns 3% cash back on eligible purchases at:

It earns 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center and 1% cash back on all other eligible purchases, and there are no spending caps.

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$100 software credit

Cardholders earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.

World Elite Mastercard benefits

As a World Elite Mastercard, the U.S. Bank Triple Cash Rewards card offers various perks standard, including:

  • Cellphone protection of up to $800 per claim, two claims per year, and $1,000 per year in coverage against theft or damage.
  • A $5 Lyft credit when you take at least three rides in a month.
  • A complimentary three-month DoorDash DashPass membership.
  • ShopRunner membership for free two-day shipping from over 100 retailers.
  • Bookings through the Mastercard Luxury Hotel & Resorts portfolio.
  • World Elite Mastercard concierge service.
Cellphone protection is a World Elite Mastercard benefit. (Photo by Irina Dobrolyubova/Getty Images)

Is the U.S. Bank Business Cash Triple Cash Rewards card worth it?

For a card with no annual fee, the U.S. Bank Business Triple Cash Rewards card has a lot going for it.

First, that introductory financing of 0% APR for the first 15 billing cycles (then 17.74% to 26.74% variable APR) can come in handy if you have purchases or balance transfers that you need to pay off over time. Just be wary of doing so since your business credit score might take a hit for carrying a balance.

The card is a decent earner, too, raking in 3% cash back on some pretty broad categories including office supply stores, restaurants, gas stations and cellphone service providers.

If your business uses software subscriptions like QuickBooks, then earning a $100 annual statement credit is just icing on the cake. You also might want to consider applying for this card if you already carry business credit cards from other major issuers, such as Amex or Chase, but are looking to branch out.

That said, the card’s welcome bonus isn’t very compelling. You have to spend $4,500 to get a mere $500 cash back. It’s still a lower spending requirement than the high-end business cards out there, but something to consider.

Finally, if your business doesn’t spend much in the card’s bonus categories, you’re probably not going to find much value here either since it only earns 1% cash back beyond them.

Alternatives to the U.S. Bank Business Triple Cash Rewards card

If you’re in the market for a small-business credit card, you might want to consider some of the other options currently available, because of higher welcome offers, better ongoing earning or superior benefits.

Ink Business Cash Credit Card

Depending on your spending habits, this card might be a more natural fit. Like the U.S. Bank Business Triple Cash Rewards World Elite Mastercard, the Ink Business Cash does not charge an annual fee.

It’s currently offering $900 cash back after you spend $6,000 on purchases in the first three months of account opening, and is offering 0% introductory APR on purchases for the first 12 months (16.24%-22.24% variable APR after that).

It earns 5% cash back on the first $25,000 spent in combined purchases each account anniversary year at:

  • Office supply stores.
  • Internet, cable and phone services.

It earns 2% each back on the first $25,000 spent in combined purchases each account anniversary year at:

  • Gas stations.
  • Restaurants.

It earns 1% cash back on everything else.

The bonus categories are eerily similar to those offered by the U.S. Bank Business Triple Cash Rewards card, and though there are spending caps, if you can max out those 5% categories and the introductory bonus with this card, you might come out ahead.

Also remember that points earned with the Ink Business Cash can be combined with those from a card that earns transferable Ultimate Rewards points, such as the Ink Business Preferred Credit Card, and you can then transfer the points to the program’s airline and hotel partners, which opens up all kinds of opportunities simple cash back might not.

Bottom line

It’s never a bad thing when a new rewards credit card appears on the scene. The U.S. Bank Business Triple Cash Rewards card offers a strong earning formula, great introductory financing and the appeal of charging no annual fee. That said, depending on your typical business expenses and the types of rewards you’re interested in earning, you might be better off with one of its competitors.

Featured image by Getty Images/Hero Images
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best premium travel card for value
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

1 - 10X points
10xEarn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
5xEarn 5x total points on flights through Chase Ultimate Rewards®.
3xEarn 3x points on other travel and dining.
1xEarn 1 point per $1 spent on all other purchases

Intro offer

80,000 bonus points
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®

Annual Fee

$550

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

Pros

  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Access to Chase Ultimate Rewards hotel and airline travel partners
  • Unlimited 3x points on the broad category of travel and dining
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards®
  • Broad definitions for travel and dining bonus categories

Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
Best premium travel card for value
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10xEarn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
5xEarn 5x total points on flights through Chase Ultimate Rewards®.
3xEarn 3x points on other travel and dining.
1xEarn 1 point per $1 spent on all other purchases
  • Intro Offer
    Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®

    80,000 bonus points
  • Annual Fee

    $550
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

Pros

  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Access to Chase Ultimate Rewards hotel and airline travel partners
  • Unlimited 3x points on the broad category of travel and dining
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards®
  • Broad definitions for travel and dining bonus categories

Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more