Reviews U.S. Bank Business Edge Cash Rewards World Elite MasterCard review
U.S. Bank Business Edge Cash Rewards World Elite MasterCard review

U.S. Bank Business Edge Cash Rewards World Elite MasterCard review

Published: April 24, 2017
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Ratings Policy
Business Rating:
3.8 rating
3.8 rating
3.8 / 5
Rewards Value 3.9
Annual Percentage Rate 0.5
Rewards Flexibility 3.4
Features 4.0

In a nutshell:

Business owners will appreciate the generous earning scheme of this no-annual-fee World Elite credit card, as well as the simplicity of earning and redeeming cash back.

Rewards Rate

  • 3% cash back on cellphone, gas and office supplies
  • 1% cash back on general purchases
  • 25% annual bonus of prior year’s cash rewards, up to $250

Sign-up Bonus
None

Annual Fee
$0

Average Yearly Rewards Value ($4,000 monthly spend)
$906

APR
12.74-18.74%

Rewards Redemption
Pros

  • No blackout dates
  • Redeem rewards as bank deposit, U.S. Bank Rewards Visa card or statement credit
  • Rewards don’t expire
  • No limit to how much you can earn
  • No annual fee

Cons

  • $25 redemption threshold

Other Notable Features: Free employee cards, shopping discounts through MasterCard Easy Savings, excellent business management tools, travel assistance, airport concierge, purchase assurance, MasterCard travel services, identity-theft protection, foreign VAT reclaim service

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While the U.S. Bank Business Edge Cash Rewards World Elite MasterCard doesn’t offer a sign-up bonus, its earning scheme makes up for that. You get 3 percent cash back in three popular categories and an annual bonus of 25 percent of the previous year’s cash rewards. In addition, getting your cash back is easy. You can deposit it into your U.S. Bank account or apply it toward a statement credit.

Earning cash back

You get unlimited 3 percent cash back for gas, cellphone and office supply purchases. In addition, you get a 25 percent bonus on the previous year’s cash back up to $250. You might think of this as a delayed sign-up bonus.

Relatively low Interest rate

The U.S. Bank Business Edge Cash Rewards World Elite MasterCard offers 0 percent APR on purchases for the first nine months, followed by a 12.74 percent to 18.74 percent variable APR after that. While this interest rate is lower than average, you can find a better APR if you intend to carry the balance.

Rewards redemptions and pooling

You can redeem your cash back in $25 thresholds by depositing it into your U.S. Bank business account, applying it toward a statement credit or receiving a prepaid Visa card. The rewards earned from your employee cards will usually be automatically pooled to your central bill account.

Business management tools

The U.S. Bank Business Edge Cash Rewards World Elite MasterCard offers a suite of business tools to help you easily manage your account. You get FlexControl budgeting tools that allow you to automate your payments; ScoreBoard online reporting to track and monitor your expenses; and the innovative mobile app that lets you send or request money, and deposit and pay checks using the U.S. Bank PhotoBanking feature.

World Elite benefits

Getting World Elite MasterCard benefits with no annual fee is an excellent perk of its own. Some of the perks are very enticing, such as exclusive offers through the Priceless Cities program, MasterAssist Travel Assistance Services, upgrades and special deals at luxury hotels and resorts, and many others.

Reasons to get it:

  • You’re looking for a business credit card with a high earning rewards program.
  • You prefer a rewards program that is simple in earnings and redemption.
  • You want a card that allows you to have multiple employee cards with no fee.
  • You want a card with a low APR and 0 percent introductory APR that you can use for cash flow.

How to use it:

  • Maximize your 3 percent cash back by using the card for gas, cellphone and office supply purchases.
  • Try to earn at least $1,000 in cash back annually to take the full advantage of the 25 percent cash back bonus.
  • Avoid using the S. Bank Business Edge Cash Rewards World Elite MasterCard abroad, since it adds a 2 to 3 percent foreign-transaction fee.

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