U.S. Bank Business Leverage® Visa Signature® Card Review

As a financial expert with years of experience in credit card analysis, I am thrilled to review the U.S. Bank Business Leverage® Visa Signature® Card. This card has garnered attention primarily due to its attractive 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center and a 2% cash back in the top two categories where you spend the most each month automatically. In this comprehensive review, I will delve into the various facets of this credit card, including its key takeaways, pros and cons, benefits, and my expert conclusion.

U.S. Bank Business Leverage® Visa Signature® Card Review

The U.S. Bank Business Leverage® Visa Signature® Card is designed to cater to business owners who are looking for a robust rewards program and travel benefits. With its competitive cash back structure and a lucrative bonus offer, it stands out in the crowded field of business credit cards. Here’s a detailed look at what this card has to offer.

Key Features

– 5% Cash Back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
– 2% Cash Back in the top two categories where you spend the most each month automatically.
– 1% Cash Back per dollar spent on all other eligible purchases.
– $750 Bonus Offer when you spend $7,500 in eligible purchases within the first 120 days of opening your account.
– Annual Fee: $0 for the first year, $95 thereafter.
– APR: Variable rates ranging from 21.24% to 26.24%.
– No Foreign Transaction Fees.
– Penalty Fees: $39 for late and return payments, 29.99% penalty APR for cash advances.
– Credit Score Requirement: Excellent (740-799).

U.S. Bank Business Leverage® Visa Signature® Card Key Takeaways

High Cash Back on Travel

One of the standout features of this card is the 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center. This is an exceptional rate, making it highly attractive for business owners who frequently travel.

Flexible Cash Back Categories

The 2% cash back in the top two categories where you spend the most each month automatically is a significant advantage. This feature allows the card to adapt to your spending habits, ensuring you maximize your rewards without having to manually select categories.

Competitive Bonus Offer

The $750 bonus offer for spending $7,500 in eligible purchases within the first 120 days is substantial. This bonus can provide a significant boost to your rewards earnings, especially in the initial months of card ownership.

Reasonable Annual Fee

The card comes with no annual fee for the first year, and a $95 fee thereafter. Given the potential for high rewards, this fee is quite reasonable and can easily be offset by the cash back earned.

No Foreign Transaction Fees

For business owners who travel internationally, the lack of foreign transaction fees is a major perk. This feature can save you a considerable amount of money on overseas purchases.

U.S. Bank Business Leverage® Visa Signature® Card Pros and Cons

Pros

1. High Cash Back Rates

The card offers up to 5% cash back on certain travel-related purchases and 2% on your top spending categories, which is higher than many competing cards.

2. Substantial Bonus Offer

The $750 bonus for spending $7,500 within the first 120 days is one of the more generous sign-up bonuses available.

3. No Foreign Transaction Fees

This feature is particularly beneficial for businesses that have international dealings, as it eliminates the extra costs associated with foreign purchases.

4. Flexible Spending Categories

The automatic adjustment to provide 2% cash back in your top two spending categories each month ensures you are always maximizing your rewards.

5. No Annual Fee for the First Year

The $0 annual fee for the first year allows you to try out the card without any initial cost.

Cons

1. High APR

The APR ranges from 21.24% to 26.24%, which is relatively high. This card is best suited for those who plan to pay off their balance in full each month.

2. Annual Fee After the First Year

While the $95 annual fee after the first year is reasonable given the rewards, it is still an ongoing cost to consider.

3. No Introductory APR

The lack of an introductory APR offer for purchases or balance transfers can be a drawback for those looking to finance large purchases or transfer existing balances.

U.S. Bank Business Leverage® Visa Signature® Card Benefits

Travel Benefits

The 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center is a standout feature for frequent travelers. This can lead to significant savings on business travel expenses.

Cash Back Flexibility

The card’s structure of offering 2% cash back in the top two spending categories each month automatically is highly beneficial. This ensures that your rewards are tailored to your spending habits, maximizing your earnings without any extra effort.

Bonus Offer

The $750 bonus for spending $7,500 in the first 120 days is a significant incentive. This can provide a substantial boost to your rewards, especially useful for new cardholders.

No Foreign Transaction Fees

For businesses with international dealings, the absence of foreign transaction fees is a major advantage. This can lead to considerable savings on overseas purchases.

Reasonable Annual Fee

The $0 annual fee for the first year and $95 thereafter is quite reasonable considering the potential rewards. This fee can easily be offset by the cash back earned through the card’s rewards program.

Customer Service

U.S. Bank is known for its reliable customer service, which is an essential factor for business owners. Having access to responsive and helpful customer support can make managing your credit card account much easier.

Conclusion

The U.S. Bank Business Leverage® Visa Signature® Card is an excellent choice for business owners looking for a high-rewards credit card with travel benefits. Its 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center and 2% cash back in the top two spending categories each month automatically make it a highly competitive option.
The substantial $750 bonus offer for spending $7,500 in the first 120 days, combined with no foreign transaction fees and a reasonable annual fee, adds to its appeal. However, the high APR and the lack of an introductory APR offer may be a drawback for some.
Overall, if you are a business owner with significant travel expenses and are looking for a card that adapts to your spending habits, the U.S. Bank Business Leverage® Visa Signature® Card is a strong contender. Its robust rewards program and travel benefits make it a valuable addition to your financial toolkit.
As always, it is essential to consider your specific business needs and spending habits when choosing a credit card. This card offers excellent benefits for the right user, and understanding its features can help you make an informed decision.
In conclusion, the U.S. Bank Business Leverage® Visa Signature® Card offers a comprehensive rewards program and valuable travel benefits, making it an attractive option for business owners. With the potential to earn significant cash back and a generous bonus offer, this card can provide substantial value to your business.