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  US Bank Business Cash Rewards World Elite Mastercard

US Bank Business Cash Rewards World Elite Mastercard

in Business Credit Cards from US Bank

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US Bank Business Cash Rewards World Elite Mastercard

Unaffiliated

in Business Credit Cards from US Bank

Net Recommendation Score -50

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Purchase APR  (Variable APR) 13.99% - 22.99%
Balance Transfer APR  (Variable APR) 13.99% - 22.99%
Credit Score Range 650 - 850
Annual Fee $0

US Bank Business Cash Rewards World Elite Mastercard Review

Key Takeaways
  • Business credit card with generous reward rate. You will get a cashback rewards rate of up to 3%.
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
  • Signup bonus. Offers a signup bonus of $500 if you spend $3000.
  • Competitive APRs. US Bank Business Cash Rewards World Elite Mastercard has a variable purchase APR that ranges from 13.99% up to 22.99%.
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, but you don't have to pay an annual fee for the privilege.
  • 3% Balance transfer fee. US Bank Business Cash Rewards World Elite Mastercard charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Fair or better credit required. You will have good approval oods if your credit score is above650.
Pros & Cons of US Bank business World Elite Mastercard
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 12 months.
  • 0% APR on new purchases during the first 12 months.
  • No annual fee.
  • Cardholders can earn rewards on purchases everywhere US Bank Business Cash Rewards World Elite Mastercard is accepted.
  • US Bank Business Cash Rewards World Elite Mastercard reports to multiple credit bureaus.
  • Charges a foreign transaction fee of 3%.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.
US Bank business World Elite Mastercard FAQ

Who is US Bank business World Elite Mastercard designed for?

This is a credit card issued by US Bank. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 13.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 22.99%.

It also has a variable cash advance APR of 25.99%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 12 months from account opening.

This business card does offer an introductory APR rate on new purchases of 0% for a period of 12 months.

US Bank business World Elite Mastercard Rates & Terms
Purchase APR 13.99% - 22.99%
Balance Transfer APR 13.99% - 22.99%
Cash Advance APR 25.99%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $35.
  • An overlimit fee of $39.

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.

US Bank business World Elite Mastercard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $5
Returned Payment Fee $35
Late Payment Fee $19 to $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Internet, Cable and Phone Services
  • Every Purchase
  • Gas stations
  • Office Supply Stores

Does it have a sign up bonus?

Yes, it offers card users a signup bonus worth up to $500 after you spend $3000.

Does it offer an annual loyalty bonus?

Yes, this business credit card offers users an annual bonus worth up to $250.

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

  • Fraud Liability
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 872-2657.

What is the support contact email?

The support contact email for this business credit card is customer.support@usbank.com.

How do people rate the customer service and user experience?

Overall, this business credit card is mostly not recommended based on community reviews that rate customer service and user experience.

Does US Bank Business Cash Rewards World Elite Mastercard report your account activity to credit bureaus?

Yes, US Bank Business Cash Rewards World Elite Mastercard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the US Bank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From US Bank Business Cash Rewards World Elite Mastercard

Business credit cards. Add or manage employee accounts. View monthly statements and pay your account. View and redeem rewards (if applicable). Manage account alerts. Lock and unlock your account or report it lost or stolen. U.S. Bank Business Cash Rewards World Elite™ MasterCard® 877-351-8406

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by US Bank

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View all business credit cards offered by US Bank

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 12 months
Annual Fee $0
No Annual Fee
No Interest Grace Period for Late Payment 24 days
Cash Advance Fee (%) Up to 5%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Late Fee Amount $19 - $39
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $2
Over-Limit Fee $39
Returned Payment Fee $35
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Annual Loyalty Bonus $250
Bonus Rewards Earn an additional $500 in cash back when you spend $3000 in the first 90 days of opening your account
No Reward Expiration Period
Rewards Rates
  • Internet / Cable / Phone Services
  • Gas
  • Office Supplies
  • Every Purchase
Signup Bonus Starting at $500
Balance Computation Average daily balance (including new purchases)
Cash Advance APR (Variable APR) 25.99%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 13.99% - 22.99%
Balance Transfer Fee % 3%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer Fee Minimum $5
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 13.99% - 22.99%
Card Network Mastercard
Card Type
  • Rewards
  • Cashback
  • Zero Percent

US Bank Business Cash Rewards World Elite Mastercard Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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