[Expired] U.S. Bank Business Cash Rewards $500 Sign Up Bonus

Deal has now ended and is no 3% back up to $500 maximum.

Update 4/2/20: Deal is back. Hat tip to reader Ryan

The Offer

Direct link to offer

  • U.S. Bank is offering a bonus of $500 after $4,500 in spend within the first 150 days on the U.S. Bank Business Cash Rewards World Elite Mastercard

Card Details

  • No annual fee
  • Card earns 3% cash back on cellular, gas and office supply store
  • Card earns 1% cash back on all other purchases
  • An annual bonus equal to 25% of your prior year’s Cash Rewards will be awarded following your Cash Rewards enrollment anniversary date, up to $250
  • Free employee cards
  • No cash back maximum, no expiration on the cash back

Our Verdict

Previously this card was called the Business Cash Edge card and you could get a bonus of $200 on each employee card for a total of $2,200. That bonus was obviously much better, but I don’t think we will ever see anything like that again. The standard bonus on this card is $200, so this $500 offer is significantly higher than that. , U.S. Bank does not report business cards to the personal bureau, so this is useful for people trying to stay under 5/24. Check out these 22 Things Everybody Should Know About US Bank Credit Cards before applying.

I’ll be adding this to our list of the best business credit card bonuses because I do think this is a strong cash offer and I doubt we see any repeat of the massive $2,200 bonus that had been possible.

Hat tip to bambinone

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Justlearningcc
Justlearningcc

Not sure when this happened or if it was mentioned yet but the US Bank business cash rewards card changed SUB from $500 for MSR $4500, to 3% on up to $500 on first 180 days.

Mtek
Mtek

Instant approval 10k. Had to accept their offer never saw that before Final screen stated they would contact me if they needed any additional information .. ? 17 years in biz 35k sales have churned Raddison bus and personnel cards a few years ago. long business credit history thru chase and Barclays under 5/24

SeaLarus
SeaLarus

DP

Applied in early Sept as sole prop with SSN – 0 years, $1k revenue. 10+ year US Bank relationship in footprint, did not freeze anything. 1/6, 3/12, 4/24.

Automated line said declined after 4 days and I went to move on as I didn’t want to BS with recon. Got a snail mail letter 2 weeks later saying my application couldn’t be processed without “business ownership percentage” info. Called in with that and was approved later that day. 3k limit.

Greg
Greg

So I’ve been reading they are sticklers to get approved, but I just got a successful application.

Had prior US Bank History
– Checking Bonus | Opened 03/02/2020
– Altitude Reserve | Opened 04/08/2020

Applied as a Sole Proprietorship and it took about 5 days to approve, confirmed via email and by calling into the status line.

Thus bottom line, in my opinion, I think having prior history with them is the key. Very similar to WF.

E
E

Is this considered the same or a different product than the U.S. Bank Business EDGE Cash Rewards? If not, how churnable is it?

I got the EDGE Cash Rewards in April 2018 and the US Bank Business Leverage card on 7/29/20. Want to go for the Cash Rewards again.

chowfun
chowfun

What are the rules for churning this card? Close existing card? Wait a certain amount of time before reapplying?

James Bond

Usually can keep the card open and churn. No hard and fast rules for churning USB. USB in general does not like many new account openings within USB. In general wait 6 months or more before applying again for a new USB card. YMMV. Good luck.

westside
westside

Would this card qualify me for out-of-foot-print checking account? I know a personal card would, but how about this business card?

Justin
Justin

Applied 3/5, 10K sales, 760 credit. Initially not approved but called reconsideration and was told to send in EIN letter + business license. I called them back saying that I only had EIN letter since my state didn’t require business license. They said it’s probably fine, approved next day!

jpv
jpv

DP: You can get approved for multiple of the same card with dif. EIN/SSN. Less than a year apart, awarded the bonuses on both.

Did you know you can apply for an IRS EIN for a sole prop, so technically you can have multiple sole props? (Works for Chase Ink and USBank).

Jon
Jon

Got the 7-10 day notice. How long does it usually take for an answer for approved or rejected.
CS 775 w/ existing checking account & “business”

anne
anne

Did you get approved?

Jon
Jon

Yup.
Did not freeze Sagestream or ARS.
First auto line said denied, spoke to someone and faxed EIN in, then was approved next day.

anne
anne

I guess I am not approved then because I am just a sole proprietor. Thanks! It has been a week and the automatic line still says “in process”!

MW
MW

Any updates? I was also considering applying as a sole proprietor since things still look far from good with chase

anne
anne

No just called them and they insisted on business documents! They even tried to validate with the state webiste. I have wasted two hard pulls in the last 8 months with Wells Fargo and US Bank business credir cards!