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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 18.24% to 27.24%).

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 18.24% to 27.24% 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 (17.49%-23.49% 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 for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site

Rewards

1 - 10X points
10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases

Intro offer

Earn 10,000 Bonus Points
Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

Annual Fee

$95

Recommended Credit

Fair/Good
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

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site
Terms & restrictions apply. See rates & fees
Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases
  • Intro Offer
    Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

    Earn 10,000 Bonus Points
  • Annual Fee

    $95
  • 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.

    Fair/Good

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees