US Bank Business Essentials Plus
$1,000 welcome bonus · 10% on hotels & car rentals (via portal) · $295/yr
The Business Essentials Plus suits a business that spends heavily in one category each month: it automatically pays 5% cash back on your top eligible category, from a list that includes dining, airlines, cell phone service, office supply stores, shipping, utilities, and entertainment, on up to $200,000 a year. Everything else earns 2%, rising as high as 3.5% if you hold large balances in qualifying U.S. Bank business checking, and prepaid hotels and car rentals in the U.S. Bank Travel Center earn 10%. The welcome offer is $1,000 cash back after $15,000 in spend within 150 days, and there is no foreign transaction fee. The catch is the $295 annual fee, which a light spender will struggle to earn back, and the best base rates require parking serious cash with U.S. Bank. For a business with high, concentrated spending that already banks there, the returns can be strong; smaller operations should look at no-fee options first.
Earn rates & credits
| Category | Rate |
|---|---|
Hotels & Car Rentals (via Portal) Prepaid hotels and car rentals booked directly in the U.S. Bank Travel Center | 10% |
Top spend category Automatically on your top eligible spend category each month from 8 eligible (accounting & tax services, airlines, cell phone service providers, dining, entertainment, office supply stores, postal & shipping services, utilities), up to $200,000 a year on first $200,000/yr, then 2% Eligible: Airlines, Phone Services, Dining, Entertainment, Office Supply Stores, Shipping, Utilities | 5% |
Everything Else Up to 3.5% on $200,000 a year with qualifying U.S. Bank business checking balances: 2.5% at $15,000 to $74,999, 3% at $75,000 to $149,999, 3.5% at $150,000+ (Business Essentials, Gold, Gold with Interest, or Platinum Business Checking); 2% otherwise | 2% |
Card details
Regular APR | 17.99%–27.99% variable |
Foreign transaction fee | None |