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

Update 2/11/21: Deal is back, this time the spend requirement is lower at $3,000. Timeframe for spend is 90 days this time. Hat tip to dankirk0

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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phew
phew

Another DP that card is churnable – approved march, cancel june, approved jul

For “business” 5 years $5K, have USB personal checking relationship

Bertha
Bertha

5/12 applied
5/21 email notify that card is approved. $10k CL. Called and asked for expedite shipping of card, CSR said it’d be $15 fee.
5/28 Card finally arrived in the mail. Slow but fairly smooth process.

*Now interestingly I see this plastiq promo at the bottom of the statement (yes 1st statement, dated 5/27, already issued even before the card arrived).

plastiq.com/USBCoupon

LIMITED TIME OFFER
The Plastiq fee is waived on your first $5,000 in Plastiq payments – a savings of up to $142*.

Enroll by 12/31/2021

*Savings will be automatically reflected when making a Plastiq payment for new Plastiq customers only.

Too good to be true? Anyone knows about this I would love to hear your opinions.

Taylor
Taylor

Confirmed. This IS churnable. First card opened 01/24/19, closed 2/12/21.
New card 3/11/21. Bonus posted 05/21/21 when new statement came out.

John
John

I was approved on Feb 26 (for the $500 offer with $3000 minimum spend). I exceeded my minimum spend (by a substantial amount) on May 10. That’s the date that the purchase posted. My last statement was May 6 — as of May 7 I had not yet met my minimum spend.

QUESTION: How long has it taken for other people to get the bonus?

Does it typically happen on the next statement, which in my case would be June 6?

PCED
PCED

Similar situation here. After hitting the spending limit, under “rewards details” I see $500 “bonus rewards since last statement”. I expect it to be posted and redeemable at my next statement closing.

Enrico
Enrico

This is not on the list for best bonus for Business cards. Is there a bug because further down in the log it is listed as being added?

cameron
cameron

This used to be on the best list. Its a better offer now than it was before, so I think it probably deserves being on the list again.

frogatomic
frogatomic

Turned down for lack of business credit history. Well I have had a lot of business credit cards. So not sure about that.

PCED
PCED

3/1 Applied and went pending
3/2 Email notification of approval
3/8 Received card and followed instruction to activate

Strangely, received an automated phone call claiming from U.S. Bank saying I need to activate the new card, and asked me to enter the credit card number. Never had this happened for any credit card, I hang up at that point thinking it was a phishing attempt. If true, this means there’s likely a data breach. Anyone has similar experience?

James Bond
James Bond

No, super strange. I would call US Bank and report the incidence. No bank should call a customer to activate a card.

James Bond
James Bond

Did you call to ask US Bank about this automated phone call?

Drimen
Drimen

I had this happen to me too. Activated the card as soon as I got it, but then a couple of days later got a phone call, then an email and got a message about activation in online banking. Went through online activation to get rid of it. Clearly there is a disconnect between the actual status of activation and queued up batch alerts that go out automatically.

David
David

Has anyone tried having this card rushed to them – did they do it and did it cost anything?

beat2def
beat2def

Anyone get the bonus twice?

James Bond
James Bond

Technically, this card is churnable. The challenge is getting an approval from US Bank, LOL.

beat2def
beat2def

I literally just got the approval email today! haha. Cross your fingers that I get the bonus.

James Bond
James Bond

Congratulations! I would be surprised if you do not receive the bonus. Post an update here after you get the bonus.

Taylor
Taylor

Did you get the bonus?

Beat2Def
Beat2Def

I’m still working on the spend. I’ll report back.

beat2def
beat2def

I got the bonus today. My second time.
DP – is churnable.

Taylor
Taylor

I got mine a few days ago as well. Definitely churnable. Thanks!

Asteroid
Asteroid

Did you guys cancel the previous card? How long ago you had it? Could you share your dp? Thank you.

Ben
Ben

Asteroid Received a second Business Cash Rewards bonus while still holding a Business Cash Rewards and a Business Leverage.

Asteroid
Asteroid

Thank you! How long ago you had the previous business cash?

Asteroid
Asteroid

Reason I asked is I received twice a pre-approved application in mail for the same card even though I already have this card currently and got bonus months ago.

Ben
Ben

Asteroid I had my first Business Cash for 10 months before applying for the second one