Great Card If
- You want a card whose bonus rewards adapt to your monthly spend.
- You want a card with a low annual fee.
Don’t Get If
- You prefer a card that earns transferable travel rewards.
- You’d rather have a card that earns uncapped 2x rewards on all purchases or more.
U.S. Bank Business Leverage Card: Is It Worth It?
For business owners who want a card that adapts to the varied needs of their business expenses, the U.S. Bank Business Leverage card can be an excellent tool.
This is because one key benefit of the card is the ability to earn 2x points on the top 2 spending categories each month from 48 different eligible categories, including advertising spending, computer stores and service providers, freight and transportation services, gas stations, and more.
In addition to these rewards, it also has a large welcome bonus offer, free employee cards, and no foreign transaction fees.
U.S. Bank Business Leverage Card Top Benefits and Perks
The U.S. Bank Business Leverage card offers a handful of useful perks, like:
- Free employee cards: Add cards for your employees to earn rewards for their purchases at no additional cost to you.
- No foreign transaction fees: Need to purchase products or services from overseas suppliers? Use your U.S. Bank Business Leverage card for these purchases and earn rewards with no added fees.
Best Ways To Earn and Redeem Your Rewards
In addition to earning an uncapped 2x points in the top 2 categories where you spend the most each month automatically, you also earn 5x points on prepaid hotels and car rentals booked directly in the U.S. Bank Travel Reward Center. You earn 1x points on all other purchases.
This setup should work well for business owners who frequently make purchases that are represented in one of the 48 different categories that qualify for 2x rewards. The fact that it adjusts month to month based on your spending, without any action or planning required from you, adds significant convenience.
Once you’re ready to redeem the rewards you’ve earned using your U.S Bank Business Leverage card, you have the choice of depositing into an eligible U.S. Bank account or redeeming for travel via the U.S Bank Travel Reward Center, merchandise, gift cards, or statement credit.
Alternative Cards to the U.S. Bank Business Leverage Card
If you’re willing to pay a higher annual fee in exchange for more benefits and stronger rewards, the Capital One Venture X Business card might be perfect for you.
With the Capital One Venture X Business card, you earn an uncapped 2x miles on all business expenses, not just your top 2 eligible spend categories each month. Plus, you earn 10x miles on hotels and rental cars purchased through Capital One Travel and 5x miles on flights booked through Capital One Travel.
The Capital One Venture X Business card is also loaded with useful benefits, like a $300 annual travel credit on bookings made through Capital One Travel, 10,000 bonus miles awarded on your account anniversary each year, a Global Entry or TSA PreCheck credit, complimentary access to Capital One Lounge and Priority Pass lounge locations, access to the Capital One transfer partners, and more.
If you prefer a card with a relatively similar annual fee to the U.S Bank Business Leverage card and your preference is cash-back rewards, then the Capital One Spark Cash Plus card should suit you well.
It earns an unlimited 2% cash-back on all purchases, plus 5% cash-back on hotels and rental cars purchased through Capital One’s travel booking site.
You also receive benefits, including extended warranty coverage, no preset spending limit, no foreign transaction fees, and a refund of your annual fee every year that you spend at least $150,000 on the card.
