The Offer
- U.S. Bank increased the signup bonus on their Triple Cash Rewards Business Card to $750 after spending $6,000 within 180 days.
Card Details
- No annual fee
- Card earns the following cash back rates:
- 3% on select categories:
- restaurants/restaurant delivery
- gas stations (“purchases of gasoline greater than $200 will not be deemed to be a purchase of automotive gasoline and as such will earn a reward of 1%”)
- office supply stores
- cell phone service providers
- All other purchases earn 1%
- 3% on select categories:
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- 3% foreign transaction fee
- Full review here
Our Verdict
Since launch the bonus has been $500 after $4,500 spend. This is a nice increased bonus, and also a higher spend requirement at $6,000 within 180 days. Nice, I’m considering giving this one a go, especially given the 12 months of 0% APR which I can float the $6,000 spend.
U.S. Bank does not report business cards to the personal bureaus (though you will get a hard pull on your personal report). Check out these Things To Know About U.S. Bank Credit Cards before applying. We’ll add this to our list of Best Credit Card Signup Bonuses.
Hat tip to DDG
“You’ll get the most value when you redeem your Cash Rewards as a statement credit, deposit into an eligible U.S. Bank account or as a cash donation to charity.”
If i open a US Bank brokerage account, can I redeem cash rewards there? I’m just planning put the final redemption once it’s time to sock drawer this (after SUB) and such. I assume I can’t do a statement credit and request a refund check if the account has a $0 balance.
Opened this card back in November and made some charges. Oddly, the autopayment didn’t process properly in January, so I was charged a late fee. Called in to fix everything, including waiving the late fee.
Just discovered for the February cycle that interest charges were assessed. I called in and the rep alerted me the late fee/missed payment had nullified the 0% APR promo… She said she escalated things to be reviewed, to both add the 0% APR back and to waive the interest charges. I asked if these would be fixed in my favor, but she just said they’re decided on an individual basis and didn’t know the time to needed to make the decision — any folks with experience know if such cases are usually decided in our favor? (i.e. USB reverses the interest charges?) And how long it might take?
Had no idea the missed payment would cause the 0% APR to be lost. I see from the comments that is the case from other comments in this thread…
Thanks
DP:
1/4/25 – applied, instant approval (sole prop)
2/19/25 – spending limit met
2/28/25 – Bonus showing as pending under Rewards
Did your sole prop have a D&B profile or did you have an existing relationship with US Bank before applying? Thx.
DP: For those of you planning on opening this card with immediate spend, keep this in mind – It took me 11 days to get approved for this card with a hard pull. I currently have a CD, Altitude Reserve and a Business checking account with US Bank. After calling the recon line almost every other day after applying, they told me that I needed to fax over my FEIN document for verification purposes. I received the approval email 2 days later. They would not expedite the delivery so the card may take a 6-10 days to get delivered. This will now take approximately 3-4 weeks just to use this card.
Thank you, this is helpful intel.
I applied and was instantly approved. Is there a way to expedite the card to get it faster? I called 800-947-1444 and they said they don’t expedite cards.
I just got approved for my second card. First one was opened 7/31/24. I still have a $7k balance on the first card at 0%.
When I applied for the second one a week ago it went pending and they stated that I would receive a final decision in the mail. I assumed this was a denial, but I got an approval email today!
I received the $750 rewards bonus in October 2024. Is this bonus considered “taxable income?” USB sent me a 1099 for $400 checking bonus, but nothing for the credit card spend bonus. Does the $750 get reported to the IRS?
Credit card rewards are considered rebates (due to necessary spend) so you will not get a 1099 for the Triple Cash SUB.
Thank you. Makes sense.
I just realized that I don’t believe I have any documentation about the $750 SUB and I’ve been spending away. Is there any way to see the SUB attached to my account?
Nope. I just tracked it all in my accounting software (GnuCash).
I don’t really need a spending tracker – I think it’s easy enough to figure out if I spent 6k in 6 months since I’m carrying a balance. It’s more that there’s seemingly no indication of a bonus being attached to the account.
My USB online account has a rewards tracker. I followed my Triple Cash bonus all the way.
May I ask where you see this
Andrew? In the mobile app or website?
And presumably with the central billing account? When I log in, I see the rewards balance underneath the balance, but nothing showing cumulative spend…
I’m used to the Chase tracker that shows spending towards the MSR, so would love to see the same with US Bank
Did I miss the fine print that cash rewards from this card can only be redeemed for deposit into a US Bank biz account? I kept getting an error msg when trying to deposit to my US Bank personal checking, said invalid email address when same address is on file WTF, but I was able to finalize a deposit into my biz checking.
This was happening to me all the way back in August. It seems to be intentional if they’re still doing it. I never found a work around. I ended up using the card to pay pills that I would pay anyway and then using the credit to pay it off.
Do you shop on Amazon? You can link your triple cash card and use points at check out, and there’s no minimum value you have to redeem with.
Is statement credit an option? I just requested to close my business checking. Bank deposit is ideal, but hopefully can at least redeem for statement credit.
Statement credit is an option, but I wanted to bank the cash rewards while I’m still at 0% APR. I did not look at Amazon, those shop-with-points redemption rates are usually shit, but I don’t know specifically here.
Following up, P2 does not have a biz deposit account, getting the same error when trying to deposit cash rewards into a personal account. Also cannot deposit P2 rewards into my biz account. Now have to consider statement credit as the only option here.
A better workaround for P2 might be to open US Bank biz checking for another $900 bonus.
The deposited reward $ won’t count as “new money” so you should drain it during the 30-day initial funding period, before pushing in the new money.
That would have been best option, but P2 applied and denied.
No issues here depositing to personal USB account. It asked for routing and account numbers.
Yes, deposit redemption does ask for US Bank routing & account numbers. Did you follow through and make a deposit from there, because that’s the point at which it fails on my end.
You deposited Triple Cash rewards — a business card — into a personal USB account?
I’m running into this now. Decided to do the $450 personal checking deal with the expected bonus of being able to deposit my Triple Cash rewards to cash. Got this error, I called in and they said it has to be a biz checking account. I tried not to be rude to the rep but I said that was disappointing as it doesn’t state that anywhere.
Is there any way to track the SUB on the USB cards?