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The new US Bank Triple Cash Rewards credit card offers a $500 welcome bonus and up to 3% cash back with no annual fee

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The new US Bank Triple Cash Rewards card earns 3% cash back in popular small-business spending categories.

  • The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is a new credit card for small businesses.
  • Cardholders can earn a welcome bonus of U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®.
  • The card has no annual fee and earns up to 3% cash back in select categories.
  • Read Insider’s guide to the best small-business credit cards.

U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®

There’s no shortage of new credit cards hitting the market, and now small-business owners have a new option to consider. US Bank has launched the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, and it’s worth considering if you’re looking for a no-annual-fee cash-back card.

New cardholders can earn U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®. Note that US Bank does not count authorized user purchases toward the minimum requirement, so this spending must be on the account owner’s card.

The card offers 3% cash back in popular business spending categories:

All other purchases earn 1% cash back, and there are no spending caps.

Read more: The best cash-back credit cards of 2021

The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is a World Elite Mastercard, so it offers decent benefits – especially considering it has no annual fee. It also comes with an introductory 0% APR offer on purchases and balance transfers, and $100 a year in statement credits toward eligible software subscription purchases.

Related Product Module: Small Business Credit Cards

US Bank Triple Cash Rewards credit card details

Earning a $500 cash back welcome bonus on a no-annual-fee card is a good deal, but keep in mind you’ll have to spend $4,500 in 150 days to unlock the offer. That said, if your business spends a lot in the 3% bonus categories (gas stations, office supply stores, restaurants, and cell phone service providers), the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® could prove quite lucrative.

If your business buys software subscriptions, like QuickBooks or FreshBooks, the card could put even more cash back in your pocket. After 11 consecutive months of eligible software service purchases made directly with a software service provider, you’ll receive a $100 statement credit – and this benefit resets every 12-month period.

For a no-annual-fee card, the other benefits on the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® are quite good. As with other World Elite Mastercards, you’ll get perks that include cell phone protection and merchant discounts with companies like DoorDash and Lyft.

Another good reason to consider the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is its generous introductory 0% APR offer. New cardholders receive a 0% APR on purchases and balance transfers (made within the first 30 days of account opening) for 15 months (then U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®).

Read more: The best low-interest and 0% APR credit cards of 2021

If your business has large purchases coming up you want to pay for over time, using a 0% APR offer is a good way to save on interest. Just be sure you have the means and a plan to pay off your balance before the introductory period expires, otherwise you could be on the hook for high interest charges.

Alternatives to the US Bank Triple Cash Rewards card

Depending on your spending habits and how you like to earn and redeem rewards, other small-business cards could be a much better fit for you. You’ll also want to consider if you can meet the minimum spending requirement in the specified timeframe, or conversely – if you have substantial expenses – if a different card with a heftier bonus is a better fit.

Read more: The best current credit card sign-up bonuses

If you want the flexibility of redeeming rewards for more than just cash back, a flexible rewards card like the no-annual-fee Ink Business Unlimited® Credit Card or The Blue Business® Plus Credit Card from American Express The Blue Business® Plus Credit Card from American Express – Rates & Fees may be a better bet.

Here are a few top alternatives:

Card Welcome bonus Earning rate

Ink Business Unlimited® Credit Card

Ink Business Unlimited card review

Ink Business Unlimited® Credit Card 1.5% cash back (1.5x Ultimate Rewards points) on all purchases with no cap

Ink Business Cash® Credit Card

Ink Business Cash card review

Ink Business Cash® Credit Card

5% cash back (5x Ultimate Rewards points) at office supply stores and on internet, cable, and phone services*

2% cash back (2x Ultimate Rewards points) at gas stations and restaurants*

1% cash back (1x Ultimate Rewards points) on all other purchases

American Express Blue Business Cash™ Card

Blue Business Cash card review

American Express Blue Business Cash™ Card 2% cash back on the first $50,000 in purchases each year, then 1% (cash back is received in the form of Reward Dollars)

The Blue Business® Plus Credit Card from American Express

Blue Business Plus card review

The Blue Business® Plus Credit Card from American Express 2x Membership Rewards points on the first $50,000 in purchases each year (then 1x)

*5% cash back and 2% cash back on the Ink Business Cash® Credit Card on up to $25,000 in combined purchases each year, then 1% cash back.

Related Content Module: More Credit Card Coverage

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