Update 3/31/22: Readers are reporting a new mailer offer being sent out with a higher $750 bonus, but it has a higher $9,000 spend requirement. (ht Scoobs and Paola)
Original Post 8/2/21:
As expected, U.S. Bank has launched a new business card – the U.S. Bank Triple Cash Rewards Business Card. Card has no annual fee and comes with a $500 signup bonus, $100 annual software credit, and 3% cash back on gas, restaurants, office supply, and cell service.
Signup Bonus
- Get $500 signup bonus when you spend $4,500 within the first 150 days.
U.S. Bank is weird and does does not count spend on employee cards toward the minimum spend requirement.
Rewards
Card earns the following cash back rates:
- 3% on select categories:
- restaurants/restaurant delivery
- gas stations (“purchases of gasoline greater than $200 will not be deemed to be a purchase of automotive gasoline and as such will earn a reward of 1%”)
- office supply stores
- cell phone service providers
- All other purchases earn 1%
No limit to the amount of rewards you can earn in the 3% or 1% categories. Rewards never expire.
Cash Rewards may be redeemed as a statement credit, U.S. Bank Rewards Card, or deposited to your U.S. Bank business checking, savings or money market account.
$100 Software Credit
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
An automatic statement credit of $100 per 12-month period will be applied to your Account within two statement billing cycles following 11 consecutive months of eligible software service purchases made directly with a software service provider. Eligible software service providers are identified by their Merchant Category Code (MCC) and purchases made at discount/retail stores or online retailers may not qualify.
I interpret this to mean that if you have a monthly QuickBooks or Excel subscription for $10 each month, then when the 12th monthly consecutive $10 charge posts to your account you’ll get $100 credit. I’m not sure what happens if your monthly charge is, say, $6 – would you still get the $100 credit, or get $72 credit, or get no credit (my guess is $100).
Other Card Details
- No annual fee
- No fee to add employee cards
- 3% foreign transaction fee
- 0% APR on purchases and balance transfers. After 15 billing cycles, it adjusts to a variable APR, currently ranging from 13.99% to 22.99%.
- Card works with with Apple Pay, Google Pay and Samsung Pay
Our Verdict
The card looks interesting for the $500 signup bonus, the $100 software credit, and some will find the 3% categories worthwhile as well. Check out these Things to Know about U.S. Bank Credit Cards before applying, including the fact that U.S. Bank does not report business cards to the credit bureaus.
There’s apparently two versions of this card – a Visa and a World Elite Mastercard. Seems the public links are for the Visa card and the affiliate links are for the Mastercard. So strange. All other details are the same. If you want the Mastercard version, don’t use the link in the post (above), instead find an affiliate link with the Mastercard link. If anyone has a non-affiliate Mastercard link, let me know and I’ll add it in.
Proton Mail (Unlimited Plan) no longer works for the software credit. It codes as 7372 (Computer Programming, Data Processing, and Integrated Systems Design Services).
It needs to be MCC 5734 for it to work.
Any chance we could possibly get a DP post for the software credit? Chuck William Charles
The old reddit threads that had some of this information are archived and can’t be commented on anymore.
How to find out the MCC code? I do not see it in the transaction history.
I called this morning and asked.
Good to know, thank you!
For US Bank, you can download your transactions in the CSV format, which has a memo column with the MCC code in it. Phil favo🔗
Just tried the trick and it worked! Thank you! ShawntheShawn👈🏾
I stopped by at my local US Bank branch and got the flyer for $600 cash back on Triple Cash!
You can see the exclusive offer in the link below. I highly recommend checking out this offer. The application process was easy and quick approval was a pleasant surprise.
Here’s the link I used: http://creditcardapply.usbank.com/126lex
Altitude – 75K Points
https://creditcardapply.usbank.com/ar/business-altitude-connect?bankercode=126lex
Triple Cash – $600 bonus
https://creditcardapply.usbank.com/ar/business-triplecash-rewards?bankercode=126lex
Leverage – $900
https://creditcardapply.usbank.com/ar/business-leverage-card?bankercode=126lex
Applied 3/25/2024, initially rejected. Called recon, had to send in my EIN letter with same address I entered when applying. Sent 3/28, processed 4/1. Approved 4/1.
Got approved for this card a week ago and yesterday I got the card in mail. However, I don’t see a progress tracker on the app similar to Cash+. Is this normal? I chatted with them and was told it may or may not show up?! What response is that
Don’t think I saw it on mine last year (already got bonus) or on P2’s (still working on bonus)
Thanks so much for responding
No worries and good luck!
Shows up as ding on personal credit
All credit cards result in a hard pull. It just won’t show up as a card on your personal credit report.
Recently got this card and seems tough to figure out what codes for software credit. Reddit thread about it: https://www.reddit.com/r/CreditCards/comments/15nz0em/us_bank_triple_cash_business_card_100_software/
DP: Currently still have a Triple Cash card opened 7/2022. Applied for the same card on 3/3/2024 using a mailer and received an approval email midnight 3/9/2024. We’ll see what happens with the SUB.
DP: No instant approval but was approved w/i 24 hrs via email. 25k limit
Applied at midnight, TU was pulled in the next morning, not at the time of application.
Called recon and they said to wait, nothing they can do or need from me. Approved with $3,000 limit after 5 days.
Sole Prop, used both SSN and EIN, $15k biz revenue (1099-NEC). EIN is optional.
Previous log in credential (closed checking account) is revived automatically .
Same issue here. TU was unlocked, but no hard inquiry after I submitted the application at midnight.
“Sorry, this wasn’t supposed to happen. A technical issue on our end interrupted your application, but there’s a good news! We have enough info to review your application, and you’ll hear from us within two business days.”
Also applied for this card as sole prop and it went pending saying ‘I will be notified of the status in mail in 7 to 10 days. Will post if approved.