Choosing a business credit card involves weighing many factors. Do you prefer cash back or transferable rewards? Should you opt for a card with a flat earning rate or one that offers bonuses in specific spending categories? The U.S. Bank Triple Cash Rewards Visa® Business Card aims to simplify this choice for business owners by offering elevated cash-back earnings in several popular categories, all without an annual fee.
This review will explore the card’s features, benefits, and earning potential to help you decide if it’s the right fit for your business needs. We’ll cover everything from its welcome offer to its redemption options, providing a clear picture of what you can expect.
An Overview of the U.S. Bank Triple Cash Card
The U.S. Bank Triple Cash Rewards Visa® Business Card is designed for business owners who want to earn straightforward cash back on their everyday expenses.
With no annual fee, it provides a cost-effective way to get rewarded for spending in categories like gas, office supplies, and dining.
To increase your chances of approval, it’s generally recommended to have a credit score of at least 670. For those who value simplicity and want to avoid extra costs, this card presents a compelling option.
Pros and Cons at a Glance
| Pros | Cons |
| No annual fee | Charges a foreign transaction fee |
| Strong bonus categories for business spending | Limited redemption options (cash back only) |
| Annual software subscription credit | Basic travel protections and perks |
| Unlimited cash-back earning potential | Rewards can expire after 12 months of inactivity |
A Solid Welcome Offer
New cardholders can earn a one-time cash-back bonus of $750 after spending $6,000 within the first 180 days of opening an account. This is a competitive offer, especially for a card that doesn’t charge an annual fee.
It provides a significant initial boost to your rewards and adds immediate value for new users who can meet the spending requirement.
Key Benefits and Perks
While the U.S. Bank Triple Cash Business Card focuses on rewards rather than premium perks, it still offers some valuable benefits for business owners.
Annual Software Credit
The card’s most notable perk is an annual $100 statement credit for recurring software subscription purchases.
This credit applies to popular services like QuickBooks and FreshBooks, making it a valuable benefit for businesses that already use or plan to use this type of software.
Standard Visa Protections
As a Visa Business card, it comes with a standard suite of protections that add a layer of security to your purchases and travels. These include:
- Auto rental collision damage waiver: Provides coverage for damage or theft when you rent a vehicle with your card.
- Purchase security: Protects your new purchases against theft or damage for a limited period.
- Extended warranty protection: Doubles the manufacturer’s warranty on eligible items.
- Travel and emergency assistance services: Offers support and referrals when you’re traveling.
It’s important to note the card charges a 3% foreign transaction fee, so it’s not ideal for international travel. If you frequently travel abroad, consider a card that waives these fees.
Earning Cash Back on Your Business Spending
The card’s name hints at its primary strength: earning 3% cash back across multiple business-focused categories. Cardholders earn:
- 3% cash back on eligible purchases at gas stations, EV charging stations (for transactions of $200 or less), office supply stores, cellphone service providers, and restaurants (including delivery).
- 5% cash back on prepaid hotels and car rentals booked through the issuer’s Travel Rewards Center.
- 1% cash back on all other eligible purchases.
There is no cap on the amount of cash back you can earn, which makes these rates particularly appealing for businesses with significant spending in the bonus categories.
The wide range of 3% categories covers many common expenses for small businesses, from filling up the company car to taking clients out for lunch.
Redeeming Your Rewards
Redeeming the cash back you earn is a simple and flexible process. You have several options:
- Statement Credit: Apply your rewards directly to your card balance.
- Direct Deposit: Deposit the cash into a qualifying U.S. Bank account.
- U.S. Bank Rewards Card: Transfer your rewards to a U.S. Bank Rewards Card.
- Real-Time Rewards: Redeem your rewards instantly for purchases via text message.
While you can’t transfer your rewards to airline or hotel partners to maximize their value, the simplicity of cash back is a major draw for many.
Just be aware that your cash rewards will expire if your account is inactive for 12 months, so make sure to make at least one purchase per year to keep them.
How It Compares to Other Business Cards
Several other cash-back business cards compete with the U.S. Bank Triple Cash. Here’s how it stacks up against a few popular alternatives:
- For Bank of America Customers: The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card offers a flat 1.5% cash back on all purchases. However, members of the Bank of America Preferred Rewards® for Business program can earn up to 2.62% back, making it an excellent choice for those with substantial balances at the bank.
- For High-Spending Businesses: The Capital One Spark Cash Plus earns an unlimited 2% cash back on every purchase. While it comes with a $150 annual fee, high-spending businesses may find the flat 2% rate more rewarding than bonus categories.
- For Capped, High-Earning Categories: The Ink Business Cash® Credit Card from Chase earns 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. It also offers 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants.
The best card for you will depend on your business’s specific spending patterns.
Is This the Right Card for Your Business?
The U.S. Bank Triple Cash Rewards Visa® Business Card is a strong contender if you’re looking for a straightforward, no-annual-fee card that rewards common business expenses. The 3% bonus categories are well-suited for many small businesses, and the annual $100 software credit adds tangible value.
If your spending is concentrated in the card’s bonus categories and you prefer the simplicity of cash back over travel points, this card could be an excellent fit.
However, if your expenses are more varied or you need robust travel perks, you might be better served by a flat-rate rewards card or a premium travel card.
Final Thoughts on the U.S. Bank Triple Cash Card!
Ultimately, the U.S. Bank Triple Cash Business Card delivers on its promise of rewarding business owners with generous cash back in key spending areas.
With no annual fee, a solid welcome offer, and valuable bonus categories, it provides a low-cost way to get more from your business expenses.
Before applying, review your business’s spending habits to ensure the card’s structure aligns with your needs!