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  US Bank Business Select Rewards

US Bank Business Select Rewards

in Business Credit Cards from US Bank

Unaffiliated

US Bank Business Select Rewards

Unaffiliated

in Business Credit Cards from US Bank

Net Recommendation Score +50

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 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

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Purchase APR  (Variable APR) 15.99% - 20.99%
Balance Transfer APR  (Variable APR) 15.99% - 20.99%
Credit Score Range 650 - 850
Annual Fee $95

US Bank Business Select Rewards Review

Key Takeaways
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 9 months.
  • Competitive APRs. US Bank Business Select Rewards has a variable purchase APR that ranges from 15.99% up to 20.99%.
  • Annual fee waived the first year. US Bank Business Select Rewards gives you the chance to have the card for a year without paying the $95 annual fee.
  • 5% Balance transfer fee. US Bank Business Select Rewards charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 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 Select Rewards card
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers .
  • 0% APR on new purchases during the first 9 months.
  • Annual fee waived during the first year.
  • Cardholders can earn rewards on their purchases.
  • US Bank Business Select Rewards reports to multiple credit bureaus.
  • Charges an annual fee of $95
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 3%.
  • You don't earn rewards on every purchase.
  • Charges a 5% balance transfer fee.
  • Does not include many credit card benefits.
US Bank Business Select Rewards card FAQ

Who is US Bank Business Select Rewards card 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 15.99% up to 20.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 20.99%.

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%

This business card does offer an introductory APR rate on new purchases of 0% for a period of 9 months.

US Bank Business Select Rewards card Rates & Terms
Purchase APR 15.99% - 20.99%
Balance Transfer APR 15.99% - 20.99%
Cash Advance APR 25.99%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $95.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $39.
  • There is no overlimit fee

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 Select Rewards card Fees
Fees Amount
Annual Fee $95
Foreign Transaction Fee 3%
Balance Transfer Fee 5%
Minimum Balance Transfer Fee $5
Returned Payment Fee $39
Late Payment Fee $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Advertising Services
  • Airfare
  • Car Rentals
  • Internet, Cable and Phone Services
  • Gas stations
  • Hotels
  • Office Supply Stores
  • Restaurants
  • Shipping
  • Utilities

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

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 strongly recommended based on community reviews that rate customer service and user experience.

Does US Bank Business Select Rewards report your account activity to credit bureaus?

Yes, US Bank Business Select Rewards 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.
View US Bank Business Select Rewards's published terms & conditions.
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.

Feature Breakdown

Every Purchase (Points) Earn 2% cash back in the top two categories where you spend the most each month automatically and 1% cash back per dollar spent on all other eligible purchases
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 9 months
No Annual Fee
No Annual Fee First Year
No Interest Grace Period for Late Payment 24 days
Over-Limit Fee $0
Annual Fee $95
Cash Advance Fee (%) Starting at 5%
Cash Advance Fee Minimum $15
Foreign Currency Transaction Fee 3%
Late Fee Amount $39
Minimum Cash Advance Fee ($) Starting at $15
Minimum Interest Charge $2
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Bonus Rewards Earn $750 cash back when you spend $7,500 in eligible purchases on the account owner’s card within the first four months
Rewards Categories
  • Travel
  • Advertising Services
  • Airfare
  • Car Rentals
  • Internet / Cable / Phone Services
  • Gas
  • Hotels
  • Office Supplies
  • Restaurants
  • Shipping
  • Utilities
  • Entertainment
Signup Bonus Up to $750
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) 15.99% - 20.99%
Balance Transfer Fee % 5%
Balance Transfer Fee % After Intro Period Starting at 5
Balance Transfer Fee Minimum $5
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 15.99% - 20.99%
Card Network Visa
Card Type
  • Rewards
  • Balance Transfer
  • Low Interest

US Bank Business Select Rewards Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 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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