US Bank Business Triple Cash Rewards World Elite Mastercard Credit Card Review 2022 – Forbes Advisor
US Bank Business Triple Cash Rewards World Elite™ Mastercard® vs. Ink Business Cash® Credit Card
For those who don’t plan to spend lavishly on gas or restaurants, Chase Ink Business Cash will provide 5% cash back on the first $25,000 of combined spending with phone, internet and cable bills and at office supply stores. This exceeds the US bank card for most small business owners, but for those spending over $41,700 in these categories, the US bank card once again exceeds the maximum earnings due to the Ink Business card cap. Cash. The Chase Ink Business Cash also earns 5% cash back on the first $25,000 spent on combined purchases from office supply stores and internet, cable and phone services each account anniversary year and 2% cash back on the first $25,000 spent on combined gas station and restaurant purchases each account anniversary year. Earn 1% cash back on all other purchases.
For some whose business spending habits align well with Chase Ink’s rewards program, the card may make more sense. For others, the American bank could rather. US Bank offers an introductory APR on purchases and balance transfers, where the Chase Ink card offers an introductory APR of 0% on purchases for 12 months, then a standard APR of 13.49% – 19 .49% variable applies. Neither card has an annual fee, and the Chase card offers a number of superior benefits, such as damage waiver for car rental and purchase protection benefits. Ultimately, the decision between these two comes down to spending habits and benefit priorities.
US Bank Business Triple Cash Rewards World Elite™ Mastercard® vs. American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ card (conditions apply. See rates and fees.) doesn’t quite match the reward potential for spenders in the same categories, but its rewards may make sense for those who don’t fit into the restricted set of 3% cash back categories. US Bank card. Cardholders will receive the following rewards: 2% cash back on all eligible purchases up to $50,000 per calendar year, 1% thereafter. Those who can spend at least $33,334 on office supplies, gas, or restaurants or cell phone service providers with the US bank card will earn better cash back than those who spend $50,000 on anything. or with the American Express Blue Business Cash ™ card.
The American Express Blue Business Cash™ card offers an initial APR of 0% on purchases for 12 months from the date the account is opened, then a variable APR of 13.49% to 21.49% applies on purchases and balance transfers. Balance transfers must be made within 60 days of account opening and a fee of $5 or 3%, whichever is greater, applies. US Bank Business Triple Cash offers an introductory APR on purchases and balance transfers for a slightly longer period, so for those looking to make large purchases on the card and pay off balances slowly, the US Card Bank offers a few months of extra time.
Alternatively, additional Blue Business Cash benefits and perks offer extended warranties, purchase protection, and car rental loss and damage insurance waivers. The choice between these cards depends on a company’s spending habits, but the combination of these cards can also have advantages: where the American bank card does not offer more than 1%, the Blue Business Cash card can help maximize reward gains.
US Bank Business Triple Cash Rewards World Elite™ Mastercard® vs. Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
With the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card, cardholders can earn 3% cash back in the category of your choice, 2% cash back on restaurant purchases and 1% unlimited cash back on all other purchases. You’ll earn 3% and 2% cash back on the first $50,000 of choice category/restaurant combo purchases each calendar year and 1% thereafter.
For those with specific spending habits that can best utilize Bank of America Business Advantage cash rewards, there may be a good option here to earn 3% cash back in a single category, a category that can be changed once a month. For others, having a broader range of four categories may make more sense.
Introductory APR of 0% for the first 9 billing cycles on purchases, then a standard APR of 12.49% to 22.49% Variable applies on purchases and balance transfers. A balance transfer fee of $10 or 4% of each transaction amount, whichever is greater, applies offered by the Bank of America card does not compete well with the bank’s introductory APR offer American, but the Bank of America card offers a wide range of benefits, including travel accident insurance, collision damage waiver for rental vehicles, and emergency ticket replacement, among others. We think the US bank card is likely to make sense for more people except those with the right spending habits who can leverage the Bank of America card for travel benefits and category much narrower rewards.