U.S. Bank Business Cash Rewards World Elite™ Mastercard® review

U.S. Bank Business Cash Rewards World Elite™ Mastercard® review

Published: April 29, 2020
Published: April 29, 2020
Ratings Policy
Business Rating:
3.1 rating
3.1 rating
3.1 / 5
Rewards Value 2.5
Annual Percentage Rate 0.3
Rewards Flexibility 3.4
Features 3.0
Customer Experience 3.5

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. 

*All information about the U.S. Bank Business Cash Rewards World Elite Mastercard has been collected independently by CreditCards.com and has not been reviewed by the issuer. This card is no longer available through CreditCards.com.

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
$500 if you spend $4,500 in first 150 days

Annual Fee
$0*

Average Yearly Rewards Value ($4,000 monthly spend)
$905

APR
11.99-22.99%* (variable)

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

Customer Experience

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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The U.S. Bank Business Cash Rewards World Elite Mastercard offers a great earning scheme: You get 3% cash back in three popular categories and an annual bonus of 25% 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.

Great sign-up bonus

The Business Cash Rewards card offers a $500 cash back for spending $4,500 in the first 150 days. This is a very generous bonus for a cash back business rewards card, matching that of the Capital One® Spark® Cash for Business* card and the Chase Ink Business Cash cards (though the Ink Business card requires a lower spend).

Earning cash back

You get unlimited 3% cash back for gas, cellphone and office supply purchases. In addition, you get a 25% 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 Cash Rewards World Elite Mastercard offers a 0% introductory APR on both purchases and balance transfers for the first 15 billing cycles, followed by a 11.99% to 22.99% 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 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.

Why get the Business Cash Rewards World Elite Mastercard?

  • 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% introductory APR on purchases that you can use for cash flow.
  • You need to transfer an existing balance.

How to use the Business Cash Rewards World Elite Mastercard:

  • Maximize your 3% 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% cash back bonus.
  • Avoid using the U.S. Bank Business Cash Rewards World Elite Mastercard abroad, since it adds a 2% to 3% foreign-transaction fee.
  • Spend at least $4,500 in the first 150 days to earn the sign-up bonus.

*All information about the Capital One Spark Cash for Business has been collected independently by CreditCards.com and has not been reviewed by the issuer. 

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