U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Review [2022]: Cash Back to Boost Your Business

See what the U.S. Bank Business Triple Cash Rewards World Elite Mastercard has to offer small business owners.
Last updated June 29, 2022 | By Ben Walker, CEPF | Edited By Melinda Sineriz

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Every business has its fair share of expenses, but not every small business owner knows that the right business credit card can help them save money on these expenses. With cashback cards such as the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®, you can earn cashback rewards on your typical business spending.

In this U.S. Bank Business Triple Cash Rewards World Elite Mastercard® review, we cover the card’s benefits and drawbacks as well as how cashback earning and redemptions work. This should give you insight into whether this card makes sense for your business.

Simple Cash Back for Business Owners

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

Intro Offer

Earn $500 cash back after spending $4,500 on purchases in the first 150 days of opening your account

Annual Fee

$0

Rewards Rate

5% cash back on hotels and car rentals booked in the Travel Rewards Center; 3% cash back at gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants; and 1% cash back on all other purchases

Benefits and Drawbacks

Benefits

  • $500 welcome bonus
  • Earn up to 5% cash back
  • $100 software credit
  • 0% intro APR on purchases and balance transfers for 15 billing cycles
  • No annual fee

Drawbacks

  • Has foreign transaction fee
Card Details
  • Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
  • No limit on total cash back earned.
  • Rewards never expire.
  • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 15.49% to 24.49% (variable).
  • No annual fee.
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay Plan.
  • Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
  • Terms and conditions apply

In this U.S. Bank Business Triple Cash Rewards World Elite Mastercard review

Who should get the U.S. Bank Business Triple Cash Rewards World Elite Mastercard?

The U.S. Bank Business Triple Cash Rewards is a small business credit card, which means you need to run a business to be eligible to qualify. If you’re looking for a personal consumer card, you have plenty of other U.S. Bank credit cards to choose from.

For business owners, this card hits many of the right notes. It offers a generous sign-up bonus and provides cash back for many common business expenses. If the bonus categories on this card align with your business expenses, it could be an excellent option for you — especially because there’s a $0 annual fee.

If your business expenses don’t align with the Triple Cash Rewards spending categories, it might not make as much sense. There are likely other credit cards that could potentially offer more rewards for your business purchases. Keep in mind that this card typically requires good or excellent credit for approval.

Card basics

Card type Cash Back/Business
Credit card issuer U.S. Bank
Credit card network Mastercard
Annual fee $0
Intro bonus Earn $500 cash back after spending $4,500 on purchases in the first 150 days of opening your account
Reward rate 5% cash back on hotels and car rentals booked in the Travel Rewards Center; 3% cash back at gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants; and 1% cash back on all other purchases
Recommended credit score Excellent, Good
Intro APR 0% on purchases for 15 billing cycles, and then 15.49% to 24.49% (variable)

0% on balance transfers for 15 billing cycles, and then 15.49% to 24.49% (variable)

Foreign transaction fee 3%

U.S. Bank Business Triple Cash Rewards World Elite Mastercard benefits and perks

  • Generous welcome bonus: Earn $500 cash back after spending $4,500 on purchases in the first 150 days of opening your account. It may take up to eight to 10 weeks after meeting the spending requirement to receive the bonus.
  • Bonus rewards: Earn 5% cash back on hotels and car rentals booked in the Travel Rewards Center; 3% cash back at gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants; and 1% cash back on all other purchases.
  • No annual fee: There’s a $0 annual fee, so you don’t have to offset an annual cost each year, even for employee cards.
  • Software credit: Receive an annual $100 statement credit for specific recurring software subscriptions, including with FreshBooks or QuickBooks. You receive the credit within two billing cycles of having 11 consecutive months of an eligible software subscription.
  • Introductory APR offers: Receive 0% intro APR on eligible purchases for 15 billing cycles, and then 15.49% to 24.49% (variable). Also, receive 0% intro APR on balance transfers for 15 billing cycles, and then 15.49% to 24.49% (variable). This applies to balance transfers made within 30 days of account opening. If you’re considering a balance transfer, remember to calculate the balance transfer fee to make sure it would be worth it for you.
  • Real-Time Rewards: U.S. Bank’s Real-Time Rewards program lets you immediately redeem your earned rewards for statement credits. Simply enroll in the program through your online account (on the website or mobile app) and you can start redeeming rewards for business purchases in real time.
  • World Elite perks: Cardholders automatically receive World Elite Mastercard perks, which are centered on offering everyday value and access to premium experiences. This typically includes access to Mastercard global emergency services, cell phone protection, and complimentary professional travel services.

Drawbacks to the U.S. Bank Business Triple Cash Rewards World Elite Mastercard

  • No travel rewards: The rewards earned on this card come in the form of cash back. This can be valuable, but travelers might prefer earning points or miles. For other options, check out our list of the best business credit cards for travel.
  • Foreign transaction fee: In addition to not earning travel rewards, this card also comes with a foreign transaction fee. If you’re making foreign purchases, consider using a different card that won’t charge you an additional fee.
  • Bonus categories: Bonus categories can be helpful if they align with your typical expenses. But if they don’t, a general cashback card, such as the Ink Business Unlimited® Credit Card, could make more sense.

Earning and redeeming cash back

If a cashback card doesn’t offer easy ways to earn and redeem rewards, it’s likely not worth the hassle. Fortunately, the U.S. Bank Business Triple Cash Card offers a simple and easily understood rewards system.

Best ways to earn

Earning cash back with this card is fairly straightforward — the more you use it on business expenses, the more cash back you’ll earn. However, if you want to earn as much cash back as possible, it’s best to use your card in the bonus categories when you can. 

Categories Rewards rate
Prepaid hotels and car rentals booked directly in the Travel Rewards Center 5%
Gas stations and EV charging stations, office supply stores, cell phone service providers, and restaurants 3%
All other purchases 1%

Maximizing your redemptions

If you compare credit cards, many rewards credit cards offer cashback-related redemption options. With the U.S Bank Business Triple Cash Rewards, this includes:

  • Statement credits
  • Deposits to U.S. Bank checking, savings, or money market accounts
  • Receiving a U.S. Bank rewards card

Statement credits and bank account deposits are common redemption options, but you might not recognize the option to receive a rewards card. This simply means you would receive a prepaid, nonreloadable card that can be used anywhere debit cards are accepted. These cards would typically be on the Visa or Mastercard networks.

You should expect all three of these redemption options to offer the same value, so choosing which one to use comes down to your preference.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard FAQs

Is it hard to get a U.S. Bank business credit card?

It’s typically said that U.S. Bank credit cards are generally harder to qualify for compared to products from some other major card issuers, such as Chase or American Express. The exact reasons behind this are unknown, but it might help to have an existing relationship with the company and to have a good or excellent credit score.

Is it worth it to get a World Elite Mastercard?

World Elite Mastercard benefits can offer loads of value on top of a credit card’s existing benefits. This may include receiving cell phone protection, complimentary travel services, access to premium experiences, and exclusive discounts. If you’re able to take advantage of these benefits, getting a World Elite Mastercard can be well worth it.

Do U.S. Bank business credit cards show up on your personal credit report?

U.S. Bank doesn’t typically report business credit card inquiries to the personal credit bureaus. Rather, their business credit cards report to two commercial credit bureaus: Dun and Bradstreet (D&B) and Small Business Financial Exchange (SBFE).

Other cards to consider

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® can offer plenty of value, including a generous welcome offer, depending on your business needs. But if it doesn’t seem like the right fit, consider other credit card offers on our list of the best business credit cards. In addition, consider the Capital One Spark Cash Select - $500 Cash Bonus and the Ink Business Cash® Credit Card.

The Capital One Spark Cash Select for Business doesn’t offer bonus categories like the U.S. Bank Business Triple Cash. Rather, it offers unlimited 1.5% cash back on all purchases on all cards attached to the account; plus 5% cash back on hotels and rental cars booked through Capital One Travel. This type of rate can be helpful if your business expenses don’t align with the bonus categories on the U.S. Bank Business Triple Cash. This card also has a $0 annual fee.

For more information, check out our Capital One Spark Cash Select Business review.

The Ink Business Cash Credit Card has a $0 annual fee and offers bonus categories similar to those found on the U.S. Bank Business Triple Cash. However, the bonus earning rate on the Ink Business Cash maxes out at 5% compared to the 3% of the Triple Cash. This means you could potentially earn more cash back on the Ink Business Cash if your business expenses fall within the bonus categories. The bonus categories that earn 5% on the Ink Business Cash include office supply stores and internet, cable, or phone services (up to $25,000 combined annually).

For more information, check out our Ink Cash Business Credit Card review.

Simple Cash Back for Business Owners

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

Special Offer

Earn $500 cash back after spending $4,500 on purchases in the first 150 days of opening your account

See rates and fees

See how these cards compare:

Capital One Spark Cash Select - $500 Cash Bonus
Capital One Spark Cash Select - $500 Cash Bonus
  • $500 cash bonus welcome offer
  • Unlimited 1.5% cash back
  • Free employee cards
  • No annual fee
Ink Business Cash® Credit Card
Ink Business Cash® Credit Card
  • $750 cash back sign-up bonus
  • No annual fee
  • 0% intro APR on purchases for 12 months
  • Up to 5% cash back

Author Details

Ben Walker, CEPF Ben Walker, CEPF, is a credit cards and travel writer at FinanceBuzz who loves helping others achieve their travel goals through financially sound decisions. For over a decade, he has been using credit card points and miles for the sole purpose of traveling the world. Ben is a Certified Educator of Personal Finance and has been featured in The Washington Post, MSN, Debt.com, and Finder.com.