U.S. Bank Business Cash Rewards Review: Ideal for Specific Spending

This card is no longer accepting applications. It offered 3% back on eligible gas station, office supply store and cell phone/service provider net purchases, plus 1% back on other spending.

Sara RathnerAug 3, 2021
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This page includes information about the U.S. Bank Business Cash Rewards World Elite™ MasterCard® currently unavailable on NerdWallet.

Our Take

3.9

NerdWallet rating 

The bottom line: This card has been effectively replaced by the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, which offers the same 1% to 3% rewards rates but a longer intro APR period.

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®

U.S. Bank Business Cash Rewards World Elite™ MasterCard®

Annual Fee

$0*

Regular APR

13.99% - 22.99%* Variable APR

Intro APR

0% intro APR* on purchases and balance transfers for the first 12 billing cycles

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • Bonus cash back categories

  • No annual fee

  • Intro APR period on purchases and balance transfers

Cons

  • None

Alternate Pick: 2% cash back on everything

Capital One Spark Cash Credit Card
NerdWallet rating 

Capital One Spark Cash for Business

No foreign transaction fee

No need to remember where to use this card — earn 2% cash back on every purchase. Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. The annual fee is $0 intro for the first year, then $95.

Read our review

Compare to Other Cards

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®

U.S. Bank Business Cash Rewards World Elite™ MasterCard®

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual Fee

$0*

Annual Fee

$95

Annual Fee

$0

Regular APR

13.99% - 22.99%* Variable APR

Regular APR

15.99% - 20.99% Variable APR

Regular APR

13.24% - 19.24% Variable APR

Rates & Fees

Intro APR

0% intro APR* on purchases and balance transfers for the first 12 billing cycles

Intro APR

N/A

Intro APR

0% intro APR on purchases for 12 months from the date of account opening

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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Full Review

As of August 2021, the U.S. Bank Business Cash Rewards World Elite™ MasterCard® is no longer available.

The card was essentially replaced by the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, which earns the same robust rewards in certain popular spending areas (gas stations, office supply stores and cell phone service providers) as the U.S. Bank Business Cash Rewards World Elite™ MasterCard®.

Both cards also offer a generous 0% intro APR period on both purchases and balance transfers.

Key features of the U.S. Bank Business Cash Rewards World Elite™ MasterCard®

Card type: Small business.

Annual fee: $0*.

Sign-up bonus: Limited Time Offer: Earn $500 cash back after spending $3,000 in the first 90 days of opening your account.

Ongoing rewards:

  • Earn 3% cash back on eligible gas station, office supply store and cell phone/service provider purchases.

  • Earn 1% cash back on other eligible purchases.

Interest rate: 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.

Foreign transaction fees: 3% if the purchase is made in a foreign currency; 2% if it's in U.S. dollars.

Additional benefits: 25% Annual Cash Rewards bonus, up to $250.

Benefits of the U.S. Bank Business Cash Rewards World Elite™ MasterCard®

The U.S. Bank Business Cash Rewards World Elite™ MasterCard® has been replaced by the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, but many of its benefits remain the same.

A 0% intro APR period: Running a business sometimes requires purchasing expensive equipment, and you don’t always have the cash on hand to pay for everything at once. With the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®, you'll pay a 0% intro APR on Purchases for 15 billing cycles and 0% intro APR on Balance Transfers for 15 Billing Cycles, and then the ongoing APR of 13.99% - 22.99% Variable APR. That's an improvement on the U.S. Bank Business Cash Rewards World Elite™ MasterCard®, which offered a 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. Among small-business cards, it's hard to find a 0% intro APR offer that long, and even harder to find one that also covers balance transfers.

A generous sign-up bonus: The U.S. Bank Business Cash Rewards World Elite™ MasterCard® offered this welcome bonus: Limited Time Offer: Earn $500 cash back after spending $3,000 in the first 90 days of opening your account. The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® matches that bonus amount, but requires you to spend more (over a longer period of time) to obtain it: Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account..

Drawbacks of the U.S. Bank Business Cash Rewards World Elite™ MasterCard®

A low cash-back rate for most purchases: The possibility of 3% cash back is exciting, but most purchases will earn you only 1%. If you don’t spend much on gas, cell phone plans or office supplies, your earnings will be meager. The Capital One Spark Cash for Business earns an unlimited 2% cash back on all purchases. There’s also a sign-up bonus: Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. The annual fee is $0 intro for the first year, then $95. In the second year of card membership when the fee kicks in, you’ll offset it with cash-back rewards if you spend more than $4,750.

No travel rewards: If running your business involves less time at a desk and more time on the road, consider a travel rewards card that can convert your spending into discounted travel. The $0-annual-fee $0-annual-fee Bank of America® Business Advantage Travel Rewards World Mastercard® credit card earns:

  • 3 points per $1 when you book your rental cars, hotel stays or airline tickets through the Bank of America® Travel Center.

  • 1.5 points per $1 everywhere else.

  • Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.

There’s also a sign-up bonus: Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining-related purchases.

High spenders can get larger bonuses elsewhere: Earn big rewards for your big business expenses with the Ink Business Preferred® Credit Card. This $95-annual-fee card offers a decidedly premium sign-up bonus: Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®. You’ll also earn:

  • 3 points per $1 on the first $150,000 spent each anniversary year in combined purchases in these categories: travel, shipping purchases, internet, cable and phone services, and on advertising purchases made with social media sites and search engines.

  • 1 point per $1 on all other purchases.

Points are worth 1.25 cents each when redeemed for travel through Chase Ultimate Rewards®.

You’ll pay foreign transaction fees: The U.S. Bank Business Cash Rewards World Elite™ MasterCard® charges a 3% fee if an overseas purchase is made in a foreign currency, and 2% if it's in U.S. dollars. If you frequently travel internationally, it's not an ideal choice.

It requires excellent credit: Entrepreneurs with fair credit (a FICO score of 630-689) are more likely to qualify for a card like the Capital One® Spark® Classic for Business, which can help you build business credit. While there’s no sign-up bonus, you’ll earn 1% cash back on all purchases. The annual fee is $0, but the interest rate is on the high side. The ongoing APR is 26.99% Variable APR.

Should you get the U.S. Bank Business Cash Rewards World Elite™ MasterCard®?

The highlights of the U.S. Bank Business Cash Rewards World Elite™ MasterCard® are its introductory 0% APR period — a plus for anyone who plans to carry a balance — as well as its business-friendly cash-back categories and 25% annual bonus. But other small-business credit cards offer higher bonuses, more flexible cash-back categories and travel rewards, which may better suit your particular business.