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The U.S. Bank Business Cash Rewards World Elite™ MasterCard® is now offering a heftier sign-up bonus.
The updated offer is as follows: Limited Time Offer: Earn $500 cash back after spending $3,000 in the first 90 days of opening your account.
The previous bonus offered $200 after you spent $1,000 in eligible net purchases within the first 90 days of account opening.
The card's $0* annual fee and incentives will remain the same. Cardholders can expect:
Rewards: Earn 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases; and 1% cash back on all other qualifying purchases.
An annual cash rewards bonus: On your anniversary, get a bonus of 25% of the cash back you earned in the previous year (up to $250).
An introductory APR offer: 0% intro APR on purchases and balance transfers for the first 12 billing cycles, and then the ongoing APR of 13.99% - 22.99% Variable APR.
The U.S. Bank Business Leverage® Visa Signature® Card has also changed its sign-up bonus, which the issuer now phrases this way: Earn $750 in rewards when you spend $7,500 in eligible purchases on the account owners' card within the first 120 days of opening your account.
Previously, the card let you earn up to 100,000 bonus points in the first 365 days of account opening with an additional point per dollar on all eligible net purchases. Points are generally worth 1 cent each, so while that was a higher potential bonus ($1,000), you had to spend $100,000 in the first year to get the full amount. For many business owners, the new offer will be easier to snag, given the much lower required spending threshold.
All other features on this card remain the same, including its $0 intro for the first year, then $95 annual fee.