US Bank announces 2 new credit card bonuses for businesses

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US Bank announced new welcome offers for its business credit cards, the U.S. Bank Business Leverage® Visa Signature® Card and the US Bank Corporate Platinum Card. Each card offers valuable purchasing power and benefits to help business owners. However, their characteristics vary widely, so be sure to read on to find out which card and bonus would benefit you the most.

Select has analyzed the card’s benefits and features to see if they’re worth a place in your wallet and how you can select the best business credit card for your needs.

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US Bank introduces two new bonuses

US Bank tends to get overlooked when it comes to credit cards, but its products can add real value. The two business cards below have discounted welcome bonuses, including a $750 welcome offer and an interest-free introductory period on purchases and balance transfers.

Here’s what you need to know about each card.

U.S. Bank Business Leverage® Visa Signature® Card

The U.S. Bank Business Leverage® Visa Signature® Card is for business owners who want to earn cash back on business expenses. By spending on the card, you will earn:

  • 5% cashback on prepaid hotels and car rentals booked directly through the Travel Rewards Center.
  • 2% back in your top 2 categories where you spend the most each month, automatically.
  • 1% cashback on all other qualifying purchases

The 2% cash back categories are automatically chosen based on your spending habits: you don’t need to pre-select them and they automatically adjust each month to where you spend the most. There are 48 categories where you can earn 2% cash back, including advertising and office supply stores, you can find the complete list here.

And for starters, you can earn $750 in rewards when you make $7,500 in qualifying purchases on the account holder card within the first 120 days of opening your account. Including the expenses to get there, you’ll earn at least $825 in cash back in the first four months. And the best part is that the cash back you earn with the card is completely tax free.

With the card, you also have access to US Bank’s in-house buy now, pay later product — US Bank ExtendPay™. With qualifying purchases, you can spread payments over multiple months with no interest charges. You’ll still earn the same rewards and only pay a small monthly fee.

Finally, the card has an annual fee of $95, waived the first year. All employee cards are also free and there are no foreign transaction fees.

If you’re looking for a business credit card with a big welcome bonus and flexible spending categories, the U.S. Bank Business Leverage® Visa Signature® Card is a worthy competitor.

U.S. Bank Business Leverage® Visa Signature® Card

On the secure site of US Bank

  • Awards

    5% back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 2% back in your top 2 categories where you spend the most, automatically, and 1% back on all other purchases eligible

  • welcome bonus

    $750 in rewards when you spend $7,500 in qualifying purchases on the account owner’s card within the first 120 days of opening your account.

  • Annual subscription

    $95, waived the first year.

  • Introduction AVR

  • Regular APR

    16.74% – 21.74% (Variable)

  • Balance Transfer Fee

    An introductory fee of 5% of each transfer amount or $5 minimum, whichever is greater for balances transferred with this app. After that, either 3% of each transfer amount or $5 minimum, whichever is greater.

  • Foreign transaction fees

  • Credit needed

US Bank Corporate Platinum Card

The US Bank Corporate Platinum Card is a solid choice for business owners who need flexible repayment terms for purchases or existing balances on other credit cards.

With this card, you’ll get 0% introductory APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR from 12.74% to 21.74%. It’s a great way to make a significant investment in your business or transfer existing credit card debt and pay no interest for the introductory period.

Additionally, the card offers the option to use US Bank ExtendPay to split qualifying purchases over $100 into equal monthly payments.

The card has no annual fee.

If you’re not concerned about rewards, but want a business card that can fund certain purchases without interest, the US Bank Corporate Platinum Card is an excellent choice. In fact, this APR intro period is currently the best among all business credit cards.

US Bank Corporate Platinum Card

On the secure site of US Bank

  • Awards

  • welcome bonus

  • Annual subscription

  • Introduction AVR

    0% Intro APR on purchases and balance transfers for the first 20 billing cycles, then a variable APR, currently 12.74% to 21.74%.

  • Regular APR

    12.74% – 21.74% (Variable)

  • Balance Transfer Fee

    Either 3% of the amount of each transfer or $5 minimum, whichever is greater.

  • Foreign transaction fees

  • Credit needed

How to choose a business credit card

Business credit cards come in many shapes and sizes. Some may have modest benefits and no annual fee, up to having to pay close to $1,000 a year for a card with flashy features.

But, when you start analyzing different business credit cards, keep these few factors in mind:

Annual subscription

There’s nothing wrong with paying an annual fee for a credit card, as long as you earn more rewards and perks along the way. And as a small business owner, the annual fee can be deducted from your taxes as a business expense.

Regardless of delisting, it is imperative to check your budget to see if you can afford the annual fee.

Usable Perks

Some business credit cards come with a ton of features, but it’s important to sift through them to understand which ones are actually useful for your business. For example, the Business Platinum Card® from American Express has a long list of benefits for business owners, including statement credits at: Dell Technologies, Indeed, Adobe Creative Solutions, and wireless phone services.

But if your business doesn’t need any of these services, it’s harder to extract value from the card. So while more perks are always a good thing, make sure you’re realistic about the perks you can enjoy. Otherwise, you could be wasting money on annual fees for benefits you wouldn’t otherwise use.

The Business Platinum Card® from American Express

On the secure site of American Express

  • Awards

    Earn 5X the Membership Rewards® points on prepaid flights and hotels on amextravel.com and 1X the points for every dollar you spend on qualifying purchases. Also earn 1.5x the points on qualifying purchases from US building materials and hardware suppliers, electronics retailers, and software and cloud system vendors, and shipping providers, as well as purchases of $5,000 or more everywhere else, up to $2 million of those. purchases per calendar year.

  • welcome bonus

    Earn 120,000 Membership Rewards® points after spending $15,000 on qualifying purchases within the first 3 months of card membership

  • Annual subscription

  • Introduction AVR

    0% Intro APR for 12 months from date of account opening on purchases eligible for Pay Over Time

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

At the end of the line

For rates and fees for the Business Platinum Card from American Express, click here.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

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