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Who is US Bank Ace Rewards Visa Business Card Designed For?

US Bank Ace Rewards Visa Business Card is a credit card designed for business owners with good or excellent credit (above 720) who shop regularly at Ace Hardware and want a straightforward cash back business card that gives generous reward rates on their purchases.

What are the Rates for US Bank Ace Rewards Visa Business Card?

- US Bank Ace Rewards Visa Business Card's rates for purchases and balance transfers range from 13.99% APR to 22.99% APR depending on the credit history of cardholders. This are particularly low rates and the card does not offer a 0% APR intro rate, so this is probably not a card for business who carry or plan to carry a balance. Cash advances have a 23.99% APR and there is a 28.99% APR penalty rate when cardholders are late on their payments that will continue in place until the cardholder makes 6 consecutive payments on time.

What Are the Fees for US Bank Ace Rewards Visa Business Card Credit Card?

- The US Bank Ace Rewards Visa Business Card doesn't have an annual fee. It does have a 3% balance transfer fee ($5 minimum) and a 2% fee on foreign transactions in dollars, which goes up to 3% when the foreign transaction is also in a foreign currency. Cash advances have a 4% fee ($10 minimum). Late payments incur a $19 to $39 fee (depending on the size of the balance), returned payments trigger a $35 fee; and if you go over your credit limit, you get hit with a $39 over limit fee. However, additional employee cards and spending management tools are free to all users.

What Is US Bank Ace Rewards Visa Business Card's Rewards Program Like?

US Bank's Business Edge Platinum Visa Card rewards program is extremely simple. Cardholders receive 3% in Ace Reward points for purchases at Ace stores, 2% for purchases at gas stations and grocery stores and 1% for all other purchases. Once you hit 12,500 points US Bank automatically issues a $25 in Ace Rewards. That is the equivalent of 2 cents for every Ace Reward points.

What about US Bank Ace Rewards Visa Business Card's Signup Bonus?

US Bank Ace Rewards Visa Business Card doesn't offer new customers a sign up or enrolment bonus.

Does US Bank Ace Rewards Visa Business Card Have Any Other Benefits?

This card has a decent rewards rate schedule, but it's a little light on benefits and perk for a business credit card. However, US Bank's Ace Rewards Visa Business Card does manage to include zero fraud liability, $500,000 in travel accident waiver and auto rental collision damage waiver.

The US Bank Ace Rewards Visa Business Card also allows businesses to pay bills on the fly and monitor their spending through US Banks's FlexControl and ScoreBoard services.

How Is US Bank Ace Rewards Visa Business Card Better Than Other Credit Cards?

The US Bank Ace Rewards Visa Business Card manages to combine a generous business credit card rewards program with no annual fee, travel accident insurance, zero fraud liability and an auto rental collision damage waiver. The catch is that reward points can only be redeemed at Ace stores. Points cannot be used toward travel purchases or redeemed in exchange for cash or credit statements.

  • Card Type
    Rewards
  • Customer Type
    Business
  • Card Network
    Visa
  • Minimum Age
    18
  • Grace Period / Deferred Interest
    24
  • Late Payment Penalty
    $19
  • Minimum Interest Charge
    $2
  • Over-Limit Fee
    $39
  • Returned Payment Fee
    $39
  • Foreign Currency Transaction Fee
    3%
  • No Annual Fee
  • Car Rental Insurance
  • Fraud Liability
  • Travel Insurance
  • Points
  • Purchases APR
    Starting at 13.99%
  • Transfer Fee
    3% ($5 minimum)
  • Balance Transfer APR
    Starting at 13.99%
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