U.S. Bank BUSINESS Cash Rewards World Elite MasterCard (Old Review NOT being Updated)
Updated August 24, 2019.
The Facts
The Math
For general spending, US Bank Business Cash's 1.25% cashback won't come close to the rewards offered by Amex Blue Business Cash (2% cashback, up to $50K spent) or Amex Blue Business Plus (2x points, ~3% equivalent travel rewards, up to $50K spent). For bonus category spending, Chase Ink Cash which offers 5% cashback on office supplies & telecommunication (including cellphone) and 2% on gasoline & dining seems like a better card to have for most consumers.
The Conclusion
Other than the signup bonus, US Bank Business Cash pales by comparison to the best business rewards cards.
The Facts
- Annual Fee: none
- Signup Bonus: $500 after you spend $4,500 within the first 5 months of new account opening.
- Rewards: 3% cash back on gas, office supplies, and cellphone service, and 1% on everything else. You also receive an annual bonus of 25% of previous year's cash rewards upon each anniversary, up to $250 in bonus. This essentially makes the card a 3.75% & 1.25% cashback rewards card before you hit the $250 bonus cap.
- World Elite MasterCard Benefits: MasterCard Luxury Hotels & Resorts (a collection of 2,000+ luxury hotels worldwide that offer complimentary breakfasts for two, room upgrades upon availability, early check-in, late check-out, and a special amenity such as a certain amount of hotel credit up to $100 per stay, free internet, or welcome gift, etc.), MasterCard Travel & Lifestyle Services (savings on airfare, private jets, airport concierge, car rentals, chauffeured cars, cruise lines, tours, vacation packages, etc.), complimentary ShopRunner membership (free two-day shipping and returns at participating stores), 10% discount with onefinestay (high-end home sharing service), monthly $10 Lyft credit after five rides each month, double Fandango points for movie tickets, 5% rewards for Boxed purchases, $5 off every order of $25 or more on Postmates, the Dining Program (special amenities at participating restaurants), the Nightlife Program (exclusive access to and recognition at participating night clubs), Priceless Cities, Priceless Surprises, Priceless Causes, Priceless Golf, MasterCard Cellular Wireless Telephone Protection (up to $800 for a stolen or damaged phone as long as you charge your monthly cellphone bills to the card), MasterCard ID Theft Protection, etc.
The Math
For general spending, US Bank Business Cash's 1.25% cashback won't come close to the rewards offered by Amex Blue Business Cash (2% cashback, up to $50K spent) or Amex Blue Business Plus (2x points, ~3% equivalent travel rewards, up to $50K spent). For bonus category spending, Chase Ink Cash which offers 5% cashback on office supplies & telecommunication (including cellphone) and 2% on gasoline & dining seems like a better card to have for most consumers.
The Conclusion
Other than the signup bonus, US Bank Business Cash pales by comparison to the best business rewards cards.