US Bank Business Triple Cash Rewards card review: Up to 5% cash back in popular categories and a $500 welcome offer with no annual fee

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Review: Is the US Bank Business Triple Cash Rewards the best credit card for you?

If you’re looking for a small business card that earns rewards in popular bonus categories, there are plenty of options for business owners. The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is one to consider, and will be attractive to those who spend a lot in the bonus categories this no-annual-fee card offers.

There’s a welcome offer of 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.

That’s a generous bonus for a card without an annual fee. And even though the spending requirement is rather steep, you’ll have roughly five months to complete it.

The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® earns 5% cash back on prepaid hotels and car rentals booked through the US Bank Travel Rewards Center, 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants, and 1% cash back on all other eligible purchases. There’s also an annual $100 statement credit for recurring software subscription expenses like FreshBooks or QuickBooks that can come in handy for many business owners.

Who should and shouldn’t consider the US Bank Triple Cash Rewards business card

Like we mentioned before, there are lots of cards for small businesses of all kinds, so it’s important to choose one that will reward the spending you’re already doing for your business.

If you spend a lot in the bonus categories and want a card with no annual fee, the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® could be ideal. To make the most of the rewards, your business spending should include purchases made at office supply stores, restaurants, gas stations/EV stations, and cell phone service providers because you’ll earn 3% back on all those eligible purchases. If you don’t spend a lot in these categories, this is essentially a 1% cash back card and there are better options out there.

There’s also an annual $100 software credit, which is a nice perk for a no-annual-fee card if you’ll use it for recurring subscriptions like FreshBooks or QuickBooks, which are business software subscriptions to help with receipts, taxes, and invoices. If you use accounting software for your business, getting a $100 discount every year is an added bonus.

If your business has other expenses, such as appliances, shipping, online advertising, or travel, this isn’t a good card for you because you’ll only earn 1% cash back and other cards offer better rewards for those purchases.

The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is also a good choice if you want to earn a lucrative cash bonus. The $500 welcome offer is generous and an easy way to get a rebate for your business spending. This card also has an introductory 0% APR rate on purchases and balance transfer for the first 15 months (then a U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® APR), which is rare for a business card. If you need to make purchases for your business, having a 0% APR rate for over a year is a great way to float the cost for a while — just be sure to pay it off before the introductory rate ends to avoid interest.

Because the card has no annual fee, there’s no ongoing cost to think about, so you could open it and see if it’s worthwhile and rewarding for your business. The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® could also be a nice complement to other cards with different bonus categories so you can more easily maximize all your business purchases.

Comparison: US Bank Triple Cash Rewards vs other US Bank cards

	U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®	U.S. Bank Altitude® Go Visa Signature® Card	U.S. Bank Altitude® Connect Visa Signature® Card
Annual fee	U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®	U.S. Bank Altitude® Go Visa Signature® Card	U.S. Bank Altitude® Connect Visa Signature® Card
Rewards rate	5% cash back on prepaid hotels and car rentals booked directly in the US Bank Travel Rewards Center 3% cash back at gas and EV charging stations 3% cash back at office supply stores 3% cash back on cell phone service providers 3% cash back at restaurants 1% cash back on all other eligible purchases	4x points on takeout, food delivery, and dining 2x points at grocery stores, grocery delivery, streaming services, and gas stations 1 point per dollar on all other eligible purchases	5x points on prepaid hotels and car rentals booked directly in the Altitude Rewards Center 4x points on travel and at gas stations 2x points at grocery stores, grocery delivery, dining, and streaming services 1 point per dollar on all other eligible purchases
Welcome bonus	U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®	U.S. Bank Altitude® Go Visa Signature® Card	U.S. Bank Altitude® Connect Visa Signature® Card
Card benefits	Introductory 0% APR offer on purchases and balance transfers for the first 15 months, then a U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® APR $100 annual software credit World Elite Mastercard benefits	Introductory 0% APR offer on purchases and balance transfers for the first 12 months, then a U.S. Bank Altitude® Go Visa Signature® Card APR $15 annual credit for streaming service purchases Roadside dispatch Travel and emergency assistance services Visa Signature benefits No foreign transaction fees	$30 annual credit for streaming service purchases Global Entry/TSA PreCheck application fee credit Cell phone protection Roadside dispatch Travel and emergency assistance services Visa Signature benefits No foreign transaction fees
Review		US Bank Altitude Go card review	US Bank Altitude Connect card review

Triple Cash Rewards vs other cash-back business credit cards

	U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®	Ink Business Cash® Credit Card	American Express Blue Business Cash™ Card
Annual fee	U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®	Ink Business Cash® Credit Card	American Express Blue Business Cash™ Card American Express Blue Business Cash™ Card – Rates & Fees
Rewards rate	5% cash back on prepaid hotels and car rentals booked directly in the US Bank Travel Rewards Center 3% cash back at gas and EV charging stations 3% cash back at office supply stores 3% cash back on cell phone service providers 3% cash back at restaurants 1% cash back on all other eligible purchases	5% cash back (5x points) at office supply stores and on internet, cable, and phone services* 2% cash back (2x points) at gas stations and restaurants* 1% cash back (1x points) on all other purchases	2% cash back on the first $50,000 in purchases each year, then 1% (cash back is received in the form of a statement credit)
Welcome bonus	U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®	Ink Business Cash® Credit Card	American Express Blue Business Cash™ Card
Card benefits	Introductory 0% APR offer on purchases and balance transfers for the first 15 months, then a U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® APR $100 annual software credit World Elite Mastercard benefits	0% APR on purchases for the first 12 months of account opening, then a Ink Business Cash® Credit Card Primary car rental insurance (when renting for business purposes) Extended warranty Purchase protection Travel and emergency assistance services Roadside dispatch	0% APR on purchases for the first 12 months, then a American Express Blue Business Cash™ Card American Express Blue Business Cash™ Card – Rates & Fees Extended warranty Purchase protection Secondary car rental insurance Global Assist Hotline Discounts and bonuses through Amex Offers**
Review		Chase Ink Business Cash card review	Amex Blue Business Cash card review

*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.

How to earn rewards from the US Bank Triple Cash Rewards card

With the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, you’ll earn 5% cash back on prepaid hotels and car rentals booked directly through the US Bank Travel Rewards Center, and you’ll earn 3% cash back on eligible purchases at:

Gas stations and electric vehicle charging stations (purchases of gasoline or electric vehicle charging greater than $200 will not be deemed to be a purchase of automotive fuel and will only earn 1% cash back)
Office supply stores
Cell phone service providers
Restaurants

You’ll earn 1% cash back on all other eligible purchases.

There are no limits to the rewards you can earn and your rewards never expire as long as your card is open.

How to use rewards

When you’re ready to redeem your rewards, you can log into your online account and request a statement credit, or deposit rewards to a qualifying US Bank account. Note that the minimum to redeem rewards is $25.

You can also set up Real-Time Rewards and use your points to instantly cover a purchase you’re making with your U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® via your mobile device. This allows you to use your rewards for a statement credit within seconds of making an eligible purchase.

You can save your cash rewards for a big purchase, or use them as you go along for statement credits toward eligible purchases.

Benefits and features

The main benefit of the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is the bonus categories and welcome bonus, but there are a few other benefits you should know about.

0% introductory APR offer

New U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® cardholders receive an introductory 0% APR on purchases and balance transfers for the first 15 months, followed by a U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® APR. The 0% introductory APR applies to balance transfers made within 30 days of account opening.

Getting 15 billing cycles with 0% APR is a great offer on any card, but especially rare for a small-business card. If you’re responsible with the offer, it can be a way to float business spending or acquire new equipment or promotion for your business. To make the most of it, be sure to pay off your balance before the introductory offer expires to avoid interest costs.

$100 annual software credit

When you use the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® to pay for an eligible software service for 11 consecutive calendar months, you’ll get a $100 credit applied to your account once per year. Eligible services are identified based on their merchant code, and FreshBooks and QuickBooks are included. This benefit resets every 12 months.

World Elite Mastercard benefits

Because the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® is a World Elite Mastercard, it comes with additional travel and shopping benefits, including free Shoprunner membership, Lyft credits, and DoorDash credits.

Access to the Rewards Center Earn Mall

When you shop online and pay with your U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® at over 1,100 stores, you can earn additional points through the Rewards Center Earn Mall. You can access the portal through online banking.

Real-Time Rewards

US Bank is unique in that you can instantly redeem your points via text for eligible purchases. You’ll need to enroll in the service. Then, you’ll receive a text when you make a purchase asking if you want to instantly redeem your points. Simply reply with “REDEEM” to complete the redemption. Points will instantly be deducted from your balance.

Fees and costs

The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® doesn’t have an annual fee but there’s a 3% foreign transaction fee, so it’s not an ideal card to use abroad.

Like most other cards, there are fees for balance transfers, cash advances, and late or returned payments.

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