If you are a small business owner interested in earning cash back in popular spending categories, like office supplies and phone services, the recently launched  U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® may be what you’re looking for.

Along with cashback on every purchase, the card comes with a competitive signup bonus: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.

The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® also lets cardholders carry a balance without paying interest for more than a year — thanks to its generous intro APR offer on purchases and balance transfers.

Read on for a full breakdown of the pros and cons of U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^®, and to see how it compares to similar business credit cards.

• Rewards rate

  Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center. No limit on total cash back earned.

  Cash back can be redeemed for statement credit or deposited to your U.S. Bank business checking, savings or money market account.

• Sign-up bonus

  Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.

  The amount of this card’s sign-up bonus is on par with similar business credit cards that offer cashback rewards and a $0 annual fee, but what stands out is the generous amount of time you have to earn the bonus.

  By contrast, many cards require you to reach the spend threshold within the first 90 days or first three months of card membership to earn the bonus. For example, with the Capital One Spark Cash Select for Excellent Credit, cardholders earn $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening.

• Intro APR on purchases and balance transfers

  The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® offers a 0% Intro APR for 15 billing cycles on purchases, then a 18.49% - 27.49% (variable) APR will apply.

  Plus, get an APR of 0% Intro on balance transfers for 15 billing cycles, after which a 18.49% - 27.49% (variable) will apply.

  These offers can help you finance a large business purchase and pay it off over time, or if you have a large amount of high interest debt that you want to transfer.

• Annual fee

  The U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® charges a $0 annual fee.

• Modest rewards rate on general purchases

  While the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® offers a generous amount of cashback on purchases at gas stations, office supply stores, cell phone service providers and restaurants, all other purchases only earn 1% cash back.

  So if your company spends a large amount in other categories, like travel, you may be able to get more bang for your buck with a flat-rate cashback card or a travel card, such as the Capital One Spark Cash Plus or the Capital One Spark Miles for Business.

• Balance transfer fee

  Although the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® comes with a long intro APR on balance transfers, know that you will be charged the following balance transfer fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater.

• Some restrictions on gas rewards

  Be aware that purchases of gasoline in excess of $200 will not be deemed to be a purchase of automobile gasoline and as such will earn a reward of 1%.

Compare it to the Ink Business Cash^® Credit Card

 

If you’re interested in a $0 annual fee business card with an even higher sign-up bonus and cashback rate at office supply stores and on internet, cable and phone services, the Ink Business Cash^® Credit Card may be a better fit. Just know, the card also comes with a higher spend requirement to earn the bonus and offers a slightly lower rewards rate at restaurants and gas stations.

Ink Business Cash^® Credit Card holders can earn the following sign-up bonus: Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Additionally, earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. earn 1% cash back on all other card purchases with no limit to the amount you can earn.

We should note, the Ink Business Cash^® Credit Card limits the amount of rewards you can earn at the higher rates to the first $25,000 spent on office supply store, internet, cable and phone service purchases and the first $25,000 spent on restaurant and gas station purchases each account anniversary year. So if you max out the $25,000 spend cap, you’ll earn a maximum of $1,250 in the 5% categories and $500 in the 2% categories, for a total of $1,750. Once you reach the spend cap, the rate drops to 1% cash back.

By comparison, the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® does not limit the amount of cash back you can earn at the higher rate. For example, if your company spends $58,335 on gas station, office supply store and cell phone service providers in a year, you’ll also earn $1,750 in cash back on those purchases, but if your business spends more than that, you could end up earning more cash back on the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^®.

Also, if you’re planning to finance a large purchase, the Ink Business Cash^® Credit Card lets you do so interest-free for less time than the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^®. The Ink Business Cash^® Credit Card  offers a 0% Intro APR on Purchases for 12 months, then an ongoing APR of 18.24% to 24.24% variable. Additionally, the card does not offer an introductory APR on balance transfers.

If you’re in the market for a small business credit card, the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^® is a solid choice. In addition to offering cashback rewards in popular business spending categories, the $0 annual fee card comes with a long introductory APR on purchases and balance transfers.

Plus, you receive more time to earn the sign-up bonus than some competing cards — which is great if you’re not planning to spend a large amount on business purchases right away.

But if you want to earn an even higher cashback rate in some popular business spending categories as well as a higher sign-up bonus, the Ink Business Cash^® Credit Card may be a better fit. Just know, the Ink Business Cash^® Credit Card’s introductory APR period on purchases and balance transfers is slightly shorter than that of the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard^®.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

The information related to the Ink Business Cash^® Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.