U.S. Bank Triple Cash Rewards Visa Business Card Review

Written by Dayana Yochim
Edited by Carolyn Kimball
Fact-checked by Andrea Coombes

March 12, 2024

Need a cheap financing option ASAP? The 0% intro APR on purchases and balance transfers for 15 months is 🎂. Earning an unlimited 3% cashback on office supplies, cell phone expenses, gas and restaurants is like getting the corner piece of cake with extra frosting.

The U.S. Bank Triple Cash Rewards Visa offers a trifecta of temptations for business card shoppers. There’s a $500 welcome bonus with a long runway (150 days) to reach the $4,500 spending requirement, a lengthy 15 months of 0% interest on purchases and balance transfers, and unlimited rewards earning potential on business basics. (Specifically, the card pays 3% cashback — no spending caps — on gas/electric vehicle charging stations, office supplies, cell bills, restaurants.) Outside of those purchase categories, however, you’ll have to settle for just 1% cashback.

For comparison, the U.S. Bank Business Leverage Visa Signature Card offers a rotating rewards setup where you earn 2% cashback on your top two monthly spending categories. However, it behooves you to read the fine print (we dig into the details in our review) to suss out the caveats. (TL;DR: There are lots.)

The basics: Earn 3% cash back on eligible purchases at gas and EV charging stations, office supply stores, cell phone service providers and restaurants. Plus, earn 1% cash back on all other eligible purchases. Introductory 0% intro APR on purchases and balance transfers for 15 billing cycles. Earn $500 in cash back after spending $4,500 on the account owner’s card in the first 150 days of account opening.

U.S. Bank Triple Cash Rewards Visa Business Card pros and cons

U.S. Bank Triple Cash Rewards Visa Business Card cashback rewards spending categories

The following table shows the cashback rewards rate per $1 spent in the six most common spending categories. The “Bonus Rate” refers to the amount you can earn in excess of the card’s standard rewards rate.

Some cashback cards limit the spending amount eligible for the bonus rate (aka the “Spend Cap”). Once you hit that cap (e.g., $1,500 spending in a particular category during a defined time period), the rewards rate on future purchases in that category reverts to the lower “Default Rate.”

What we like

On the whole, the U.S. Bank Triple Cash Rewards Visa Business Card makes sense for businesses with large purchases on the horizon where you can nab that welcome bonus and pay no interest for more than a year.

With no annual fee and an unlimited 3% cashback rate on a range of spending categories, this could be a top-of-wallet card for businesses with primary expenses that are aligned.

The $4,500 spending requirement (on the account owner’s card) to earn $500 may feel steep, but you have leisurely 150 days to do it.

For 15 billing cycles you’ll pay 0% in interest on new purchases, which is a unique opportunity among business credit cards that charge no annual fee.

The same 0% intro APR applies to balance transfers made in the first month of opening the account, though a 3% balance-transfer fee applies.

Got software subscriptions? The U.S. Bank Triple Rewards Visa will credit your account $100 a year if you use it to pay for recurring subscriptions directly to QuickBooks, FreshBooks or other software service providers. It all comes down to the MCC — or merchant category code. So ask, don’t assume.

Earn 5% cashback total (1% base rate and 4% extra) on prepaid rental car and hotels booked via U.S. Bank’s travel rewards center.

This is one of the few business credit cards that offers real-time rewards. Meaning, if you’ve got enough in your rewards piggybank, you can apply your earnings to cover the cost of a purchase (it’ll show up as an account credit) in real time on your mobile device.

Redemptions are available as a card statement credit, deposit into a U.S. Bank checking, savings or money market account, or using it for a U.S. Bank rewards card.

Employee cards are free, as with most business cards, and the account owner can set spending controls.

Comes with zero fraud liability for unauthorized transactions, and 24/7 fraud monitoring. And that’s about it.

What we don't like

Key fine print on the $500 sign-up bonus: Only purchases on the account owner’s card (not those of authorized employees) count toward the requirement. Guess you’re picking up the tab, boss!

Outside of the 3% cashback categories, your spending earns just 1%, making this a card best paired with a cashback biz card that pay more on things like travel, shipping, internet, etc. There are plenty to choose from.

Weird restriction on gas purchases: There’s a $200 per-transaction limit on gas station purchases. Go over that amount and you’ll earn just 1% on the entire amount. We note this for readers who operate tour buses and fleets of stretch Hummer limos.

The 3% foreign transaction fee isn’t a good look if you need to use the card for international transactions. FWIW, the U.S. Bank Business Leverage Visa Signature Card doesn’t charge this, but it does have a $95 annual fee after year one.

This also isn’t the card to use for cash advances, unless you relish the thought of paying 5% ($10 minimum) cash advance fee and a high variable APR from the moment you get your mitts on the money.

Penalty fees for late payments, returned payments or charging over your limit will cost you $40 a pop and may trigger a higher penalty APR.

Protections on purchases and car rental damage insurance aren’t perks you get with the U.S. Bank Triple Cash Rewards Visa Business Card — something to consider when buying big-ticket, fussy items (where a card that offers extended warranties is a welcome plus), traveling (no accident insurance here) or renting a car for business.

The bottom line

Is the U.S. Bank Triple Cash Rewards Visa Business Card the best rewards card for your wallet? The answer depends entirely on your spending patterns. Let the numbers speak for themselves: Use the investor.com Cashback Credit Card Calculator to see which credit card pays back the highest rewards based on how much you spend each month.

U.S. Bank Triple Cash Rewards Visa Business Card fine print

All the fees and rewards program deets for the U.S. Bank Triple Cash Rewards Visa Business Card.

Does the U.S. Bank Triple Cash Rewards Visa Business Card charge an annual fee?

No, there is no annual fee for the U.S. Bank Triple Cash Rewards Visa Business Card.

Does the U.S. Bank Triple Cash Rewards Visa Business Card offer a welcome bonus?

Yes, the U.S. Bank Triple Cash Rewards Visa Business Card has a welcome bonus of $500.

How much cash back can I earn with the U.S. Bank Triple Cash Rewards Visa Business Card?

The average business that spends $2580 per month will earn $712.08 in cash back per year using the U.S. Bank Triple Cash Rewards Visa Business Card. For comparison, the average annual rewards payout from the business credit cards in the investor.com database is $483.97, and $464.40 is the median.

These calculations are based on average consumer spending data from the Bureau of Labor Statistics (BLS) and the reward payout rates from the providers we track. Of course, you’re so much more than an average data point (aka “consumer unit,” in BLS parlance). The amount you can earn in cashback rewards using the U.S. Bank Triple Cash Rewards Visa Business Card depends entirely on your unique spending habits.

Find out exactly how much you’ll rake in with the U.S. Bank Triple Cash Rewards Visa Business Card by tailoring the spending inputs in the calculator above.

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Methodology

The results of the investor.com Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.

To calculate the amount of cash back you could earn per year, we factored in:

• Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
• Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
• Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
• Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
• Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.

What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)

About the Editorial Team

Dayana Yochim

Dayana Yochim has been writing (articles, books, podcasts, stirring speeches) about personal finance and investing for more than two decades, focusing on bringing clarity and the occasional comedic aside to what is often a murky, humorless topic. She’s written for NerdWallet, The Motley Fool, HerMoney.com, Woman’s Day, Forbes, Newsweek and others, and been a guest expert on "Today," "Good Morning America," CNN, NPR and wherever they’ll hand her a mic.

Carolyn Kimball

Carolyn Kimball is Managing Editor for Reink Media Group and the lead editor for content on investor.com. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Andrea Coombes

Andrea Coombes has 20+ years of experience helping people reach their financial goals. Her personal finance articles have appeared in the Wall Street Journal, USA Today, MarketWatch, Forbes, and other publications, and she's shared her expertise on CBS, NPR, "Marketplace," and more. She's been a financial coach and certified consumer credit counselor, and is working on becoming a Certified Financial Planner. She knows that owning pets isn't necessarily the best financial decision; her dog and two cats would argue this point.