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U.S. Bank Business Cash Rewards World Elite Mastercard Card Review

U.S. Bank Business Cash Rewards World Elite Mastercard Card Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Sep 24, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re a small business owner looking for a credit card with a $0 annual fee that offers cash back on gas station and office supply purchases, the U.S. Bank Business Cash Rewards World Elite™ Mastercard® might be what you’re looking for.

This card also comes with an excellent intro offer of 0% introductory APR for the first 9 billing cycles on purchases and N/A. After, it’s 11.99%-22.99%* (Variable) APR on purchases and 11.99%-22.99%* (Variable) APR on balance transfers.

Read on for a full breakdown of where this card excels, and where it falls short.

In this article:

Where the U.S. Bank Business Cash Rewards World Elite™ Mastercard® stands out

Cash back. Earn 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases, 1% cash back on all other eligible net purchases. This is a competitive cashback rate for these categories. Plus, there are no limits on the total rewards you can earn, and your cash back does not expire. Finally, you can get a 25% annual bonus based on your prior year’s cash rewards, up to $250.

0% intro APR. This card offers 0% introductory APR for the first 9 billing cycles on purchases and N/A. That’s longer than many competing small business cards, and if you’re planning a big purchase or are trying to pay down debt from another card, this offer could help you save on interest charges. After the intro period ends, the APR is 11.99%-22.99%* (Variable) for purchases and 11.99%-22.99%* (Variable) for balance transfers.

Sign-up bonus. The sign-up bonus is competitive — earn $500 cash back after you spend $4,500 in eligible net purchases on the account owner's card in the first 150 days. But it’s the time you have to earn it that stands out on this card. Many credit cards require you to hit a certain spend amount within 90 days of account opening to get a sign-up bonus. By contrast, this card gives you 150 days. If your business isn’t a big spender, it’s nice that you have a longer period of time in which to earn the bonus with the U.S. Bank Business Cash Rewards World Elite™ Mastercard®.

Read The Best Small Business Credit Cards

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

Balance transfer fee. The balance transfer fee is 3% This is fairly standard compared to other balance transfer deals. However, it is lower than some of its competitors: the Bank of America® Business Advantage Cash Rewards Mastercard® credit card charges a balance transfer fee of either $10 or 4% of the amount of each transaction, whichever is greater. And the Ink Business Cash℠ Credit Card charges a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.

Where the U.S. Bank Business Cash Rewards World Elite™ Mastercard® falls short

If purchases in the gas station, office supply store and cellphone/service provider categories aren’t big spending categories for your business, this might not be the card you need. You could go with a flat-rate cashback or travel card, such as the Capital One® Spark® Cash for Business or Capital One® Spark® Miles for Business. Or you could go with the American Express® Business Gold Card, which lets you Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*.

  • Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.

  • Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*

  • No foreign transaction fees & many helpful business tools*

Highlights
  • Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • PAY OVER TIME OPTION: A flexible payment option with interest to help manage cash flow on purchases of $100 or more.*
  • *Terms Apply
  • See Rates & Fees

See additional details for American Express® Business Gold Card

More Info

Compare it with the Ink Business Cash℠ Credit Card

If you’re looking for a higher cashback rate at office supply stores, the Ink Business Cash℠ Credit Card could be the answer. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

However, note that the Ink Business Cash℠ Credit Card has a spending maximum on the first $25,000 spent in combined purchases each account anniversary year. For example, if you spend $25,000 each account anniversary year, you’ll earn a maximum of $1,250 in the 5% categories and $500 in the 2% categories, for a total of $1,750. Then you drop down to 1% cash back.

Read: Which Chase Ink Business Credit Card is Right for You?

The U.S. Bank Business Cash Rewards World Elite™ Mastercard® doesn’t have a spending maximum. So you can keep on earning 3% on eligible purchases no matter how much you spend. If you spend $58,335 on eligible purchases in a year, you should earn $1,750 in cash back. This means for heavier spenders who surpass the Ink Business Cash℠ Credit Card’s spending cap, the U.S. Bank Business Cash Rewards World Elite™ Mastercard® could end up earning more cash back.

U.S. Bank Business Cash Rewards World Elite™ Mastercard® Ink Business Cash℠ Credit Card
Annual fee $0 $0
Regular purchase APR 11.99%-22.99%* (Variable) 13.24% - 19.24% Variable
Rewards 3% Cash Back on eligible gas station, office supply store and cell phone/service provider net purchases, 1% cash back on all other eligible net purchases. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
Sign-up bonus Earn $500 Cash Back after you spend $4,500 in eligible net purchases on the Account Owner's card in the first 150 days. Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
Foreign transaction fee 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars; 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency. 3% of each transaction in U.S. dollars

Be aware there are some restrictions on the U.S. Bank Business Cash Rewards World Elite™ Mastercard®’s gas station rewards. The card’s terms and conditions say this about gas:

“Fuel dispensed at a warehouse club, superstore, supermarket or convenience store is not eligible for the 3% earn reward and instead will earn at the 1% reward. Purchases of gasoline in excess of $200 will not be deemed to be a purchase of automobile gasoline and as such will earn a reward of 1%.”

Both cards charge foreign transaction fees, meaning you should probably leave them at home and use a different card if you’re planning a business trip outside the United States.

The bottom line

The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is a solid choice for a small business card. It truly shines if you’re looking for a long 0% introductory APR period on purchases and balance transfers to save money on a big purchase or pay down debt from another card. Plus, you get more time to earn the sign-up bonus than some competing cards offer, which is great if your business isn’t going to spend a lot as soon as you get this card.

Finally, you can get an annual cashback bonus, based on the cash back you earned the prior year (up to a limit of a $250). If you use this card regularly, that’s an easy way to earn a little extra cash back every year.

However, if you’re not sure a cashback card is the right choice for you, we’ve got you covered. Take a look at our recommendations for best business travel cards and see if one of those might be better suited to what your business needs.

The information related to the Ink Business Cash℠ Credit Card has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication.


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