U.S. Bank launched its new U.S. Bank Commercial Rewards Card for emerging middle market companies, especially for those whose employees travel.
U.S. Bank Commercial Rewards Card
Rewards
Companies can choose rewards as follows: Qualify for 1% cash back after spending $150,000 per quarter or earn 1x+ points. Terms apply.
Welcome bonus
None
Annual fee
$0
Intro APR
N/A
Regular APR
N/A
Balance transfer fee
N/A
Revenue requirements
$10 to $150 million annually
Terms apply.
Pros
- Flexibility in what type of rewards you earn
- No annual fee
Cons
- Quarterly spending requirement to qualify for some rewards
Powered by TravelBank technology, the Commercial Rewards Card is essentially a credit card and travel management platform all in one. With TravelBank, cardholders can book flights, hotels and rental cars with set budgets and approvals — plus they'll get TravelBank-exclusive rates and waived booking fees.
On top of controlling the company's spending, Commercial Rewards Card business owners can also automate expenses, customize their travel policies and even earn rewards on business expenses with low spending requirements. And the platform's reporting model allows business owners to stay on top of their employees' expenses and the company's overall business costs.
The U.S. Bank Commercial Rewards Card is just one of the latest company credit cards to enter the market as there are plenty of credit cards designed for small business owners. Below are some of CNBC Select's favorites.
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For travel, we'd also recommend taking a look at the Ink Business Preferred® Credit Card (see rates and fees), which is currently offering a generous welcome bonus of 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
The Ink Business Preferred® Credit Card is an excellent business card with useful benefits, valuable rewards and a generous welcome bonus.
- Earns flexible travel rewards you can transfer to airline and hotel loyalty programs such as World of Hyatt, Southwest Rapid Rewards and many more
- Valuable welcome bonus worth $1,125 in travel when redeemed through Chase Travel
- Strong travel and shopping protections
- No intro APR offer
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Earn 5x total points on Lyft rides through 9/30/27.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Go further when you book with Chase TravelSM. Enjoy competitive rates, seamless booking and premium benefits.
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Receive complimentary access to DashPass by DoorDash.
- Member FDIC
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
The Ink Business Preferred Credit Card offers cards to employees at no additional cost and provides helpful travel perks, such as no foreign transaction fees, auto rental collision damage waiver and trip cancellation/trip interruption insurance.
Most business credit cards (such as the Ink Business Preferred) will typically require having a good or excellent credit score, but business owners with not-so-great credit also have options. Consider, for example, the *Capital One Spark 1% Classic. This business card sets lower "average credit" requirements, has no annual fee and no fee for employee cards.
The Capital One Spark 1% Classic is a good fit for business owners who want to build their credit because it's available if you have fair credit and there's no annual fee.
- No annual fee
- Good for building credit history because it only requires a fair credit score
- Low rewards rate and no bonus spending categories
- High APR
The Spark Classic also offers a straightforward cash-back program, along with the option to set up automatic redemption at a set time each calendar year or when a specific cash-back balance is reached. Cardholders can count on Capital One business benefits, including account management tools (choose your due date, view recurring transactions, download purchase records to Quicken®, QuickBooks® and Excel®), extended warranty and price protection, auto rental damage waiver and more.
Bottom line
The new U.S. Bank Commercial Rewards Card can be a great addition to a business owner's wallet if their employees travel often and they're looking for a better way to manage all those expenses plus everyday costs.
Otherwise, choose a top business credit card that rewards you for travel and comes with an attractive welcome bonus, or one that doesn't require having top-notch credit.
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Information about the U.S. Bank Commercial Rewards Card and Capital One Spark 1% Classic Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
