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Who is US Bank Business Edge Cash Rewards World Elite Mastercard Designed For?

US Bank Business Edge Cash Rewards World Elite Mastercard is designed for business owners with good to excellent credit who want to earn cash back rewards on their business expenses without paying an annual fee or outrageous rates. It is a particularly attractive card for business that spend a lot on phones, gas and office supplies. Its 0% APR intro rate on new purchases also make it a good deal for business owners planning to make large purchases.

What are the Rates for US Bank Business Edge Cash Rewards World Elite Mastercard?

- US Bank Business Edge Cash Rewards World Elite Mastercard's rates range from 12.49% APR to 18.49% APR on balance transfers and new purchases depending on the credit history of cardholders. These are low rates for a cash back rewards card with no annual fee. There is also a 9-month 0% APR introductory rate on new purchases, which offers cardholders interest-free access to a business loan. Cash advances have a 24.49% APR and there is a 28.99% APR penalty rate on new transactions when cardholders are late on their payments.

What Are the Fees for US Bank Business Edge Cash Rewards World Elite Mastercard?

- US Bank Business Edge Cash Rewards World Elite Mastercard doesn't have an annual fee. However, it does have a 3% fee on foreign transactions and balance transfers ($5 minimum on balance transfers). It also charges 3% to 4% fee on cash advances, depending on the withdrawal method used. Late payments incur a penalty fee of up to $39, returned payments trigger a $35 fee, and exceeding the accounts credit limit comes with a $39 fee.

What Is US Bank Business Edge Cash Rewards World Elite Mastercard's Rewards Program Like?

US Bank Business Edge Cash Rewards World Elite Mastercard cardholders earn 3% cash back on cellular, gas and office supply store purchases. All other purchases earn a 1% cash back rate. Cardholders receive an additional 25% annual bonus based on their prior year's cash rewards. For instance, if a business owner spends $30,000 in gas, she will earn $900 in cash back plus an extra $225 annual bonus.

What about US Bank Business Edge Cash Rewards World Elite Mastercard's Signup Bonus?

US Bank Business Edge Cash Rewards World Elite Mastercard does not offer a signup bonus at this time.

Does US Bank Business Edge Cash Rewards World Elite Mastercard Have Any Other Benefits?

US Bank Business Edge Cash Rewards World Elite Mastercard doesn't have any of the shopping and travel benefits offered by prime travel and cash back cards. There is no purchase protection, travel insurance or complimentary car rental insurance. It does offer free employee cards, which helps earn cash back points faster, and has a zero fraud liability service included with the card.

How Is US Bank Business Edge Cash Rewards World Elite Mastercard Better Than Other Credit Cards?

US Bank Business Edge Cash Rewards World Elite Mastercard offers a high cash back rate on everyday purchases for a business, such as phones, gas and office supplies. Although the benefits and perks it includes are underwhelming, the $0 annual fee and competitive rates make this card a catch for business owners looking for a simple no-nonsense cash back card that rewards them on the products and services they buy the most.

On the other hand, its 3% fee on foreign transactions and high penalty rates may put off regular travelers and business with cash flow issues.

  • Card Type
    • Cash Back
    • Rewards
  • Customer Type
    Business
  • Card Network
    Mastercard
  • Minimum Age
    18
  • Grace Period / Deferred Interest
    24
  • Late Payment Penalty
    $39
  • Minimum Interest Charge
    $2
  • Over-Limit Fee
    $39
  • Returned Payment Fee
    $35
  • Foreign Currency Transaction Fee
    3%
  • No Annual Fee
  • Fraud Liability
  • Cashback
  • Penalty APR
    28.99%
  • Purchases APR
    12.24% - 18.24%
  • Transfer Fee
    3% ($5 minimum)
  • Balance Transfer APR
    12.24% - 18.24%
  • 0% Introductory APR
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There is a lot to like about this card: $0 annual fee 0% APR on new purchases, plus you don't necessarily need excellent credit to qualify. On the other hand, it does have foreign transaction fees, so it's best for people who don't travel abroad on business.


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