The U.S. Bank Business Leverage Visa Signature Card is not one of our top-rated rewards credit cards. You can review our list of the best rewards credit cards for what we think are better options.
Full Review of U.S. Bank Business Leverage Visa Signature Card
Your highest-earning rewards categories adjust, based on monthly spending
Bonus worth $750
U.S. Bank's small-business credit card service is below par
Points expire after five years
- Your Highest-Earning Rewards Categories Adjust, Based on Monthly Spending: The U.S. Bank Business Leverage Visa Signature has unusual flexibility to optimize rewards to your spending. You earn 2 points per dollar spent in the top two categories in which your business happened to spend the most in any single month. Points are worth 1 cent apiece when applied as a statement credit. Since the list is long (at 48 categories), this feature automatically maximizes rewards on even relatively infrequent expenses—like a major car repair to a company vehicle or a hefty annual order from a wholesaler.
- Bonus Worth $750: A one-time bonus of 75,000 is available after spending $7,500 in the first four months of account opening. These bonus points are worth $750 when redeemed for a statement credit or deposited into an account at U.S. Bank.
- No Limit On Points Earned: Some business cards cap points rewards once you reach a certain level of spending, such as $25,000 each year. This card has no such limit.
- U.S. Bank's Card Service to Businesses Is Below Par: Businesses don't necessarily interact with their credit card issuer very often. But when that's necessary, it’s often a matter of some urgency and even stress, and you want a satisfying experience. Unfortunately, that’s less likely to be the case for businesses who deal with U.S. Bank than with most other card issuers scored in the J.D. Power Small-Business Credit Card Customer Satisfaction Study. In its 2020 survey, U.S. Bank ranks in the lowest group, as the least-satisfying issuer of business credit cards among nine that are scored. U.S. Bank’s score of 814 out of 1,000 was 26 points below the national average.
- Minimal Benefits: To say the least, this card is light on features and benefits. It offers not only few benefits that are standard with business cards, such as tools to help track expenses but no travel benefits either, such as insurance coverage for rental cars.
- Points Expire After Five Years: As a rule, credit-card points don't expire. This card offers an exception. Its rewards expire at the end of the calendar quarter that occurs five years after the date you earned the points in question. While that provides a fairly long period in which to use points, it also imposes a need to pay attention to when rewards expire, to be sure they don't "age out."
This Card is Best For
Seeks to maximize points or miles earnings across spending categories
Earning a primary or side income from a small business
The U.S. Bank Business Leverage Visa Signature card best fits businesses whose spending ranges over a number of different categories, depending on the month. Such a spending pattern aligns well with this card’s rewards structure, which automatically adjusts to spending by automatically awarding the highest rate every month to the two categories with the heaviest spending.
U.S. Bank Business Leverage Visa Signature Card's Bonus
You’ll earn 75,000 points after spending $7,500 in the first four months of account opening. These points are worth $750 if you redeem them for a statement credit, gift cards, travel or deposit them in a U.S. Bank account.
Rewards Earning Details
You’ll earn 2 points per dollar spent on eligible purchases in your top two of 48 eligible spending categories each month. The categories encompass virtually every major expense type a small business might incur, from travel (airlines and hotels) through infrastructure and basic overhead (telecom, utilities, construction supplies, insurance, healthcare) to shipping (freight, postals and courier services) and promotion (advertising and marketing). The full list of eligible vendors:
- Advertising Firms
- Apparel and accessory stores
- Auto rental and transport providers
- Automotive dealers
- Automotive parts stores
- Automotive repair shops
- Cable, satellite, TV, and radio providers
- Charitable, civic, and religious organizations
- Commercial and home furniture stores
- Commercial equipment, parts and supplies
- Computer service providers
- Computer stores
- Construction material suppliers
- Dental, lab, and medical equipment providers
- Department, book, and novelty stores
- Direct marketers
- Discount stores and wholesale clubs
- Drug stores and pharmacies
- Durable-goods providers
- Entertainment places
- Florist, nursery, and garden stores
- Freight and transport services
- Funeral homes and crematories
- Gas stations and fuel dealers
- Grocery stores and supermarkets
- Healthcare providers
- Home improvement service and supply
- Industrial suppliers
- Insurance providers
- Membership organizations
- Non-durable goods providers
- Non-medical testing labs
- Personal service providers
- Pet supply stores
- Plumbing and HVAC suppliers
- Postal and courier service providers
- Professional service providers
- Publishers and printers
- Schools and government
- Stationery and office-supply stores
- Telecom equipment suppliers
- Telecom service providers
- Utility companies
- Wholesale goods providers
You’ll earn 1 point per dollar spent on all other eligible purchases. There are no limits to the number of total points you can earn, but points earned do expire at the end of the calendar quarter that occurs five years from the date the points were earned. You will also automatically lose your points if your account is closed to future transactions.
Rewards Redemption Details
You can redeem the points you earn at a value of a penny each for a statement credit, deposit to a U.S. Bank account, gift cards, or travel.
You can also redeem your points for merchandise. U.S. Bank does not specify the value per point for such redemptions, but with most cards it yields less than the most lucrative options.
How to Maximize Your Rewards
To make the most of the U.S. Bank Business Leverage Visa Signature card, arrange your business’s spending, if you can, so that any one bill you pay will be big enough to qualify as among the top two expenses for the month, and thus earn 2 points per dollar spent. You could accomplish that by, for example, arranging to make (or at least bill) certain expenditures every two or three months rather than every 30 days. Further, be sure to take advantage of the one-time bonus of 75,000 points by spending $7,500 in the first four months the account is open.
- Free employee cards
- Spend tracking with U.S. Bank's Spend Analysis reporting tool
U.S. Bank received a score of 814 in the J.D. Power’s 2020 U.S. Small Business Credit Card Study, and so ranked last place of nine national companies scored. The industry average score of 840 was 26 points higher than that of U.S. Bank.
You can reach U.S. Bank’s customer service team for the U.S. Bank Business Leverage Visa Signature card at 866-485-4545.
The security features for this credit card are standard for the industry.
Fees to Watch Out For
While this card waives its annual fee in the first year, it is $95 each year thereafter. The card also charges a higher balance transfer fee when you make a balance transfer request with the application than it does for balance transfer requests made after the application.
The calling card, so to speak, of the U.S. Bank Business Leverage Visa Signature is how simply it adjusts its rewards to business spending. Where competitors either bake in categories on which you earn the best rewards, or require you to actively pick these, this card automatically awards its best rewards to the two categories on which you’ve spent the most in the past month. And there’s no limit on the rewards you can earn at the best rate, in contrast to cards that limit spending for their optimal rate to as little as $25,000 in spending every year.
Those pluses, though, do not alone make this card a standout choice for all or even most businesses. For all the flexibility of its best rewards, businesses can get the same rewards return (of 2% of spending) on all purchases with other cards, some of which charge no annual fee. And with no travel benefits, this card all but begs company in your wallet from another card that has pluses it lacks, like rental-car coverage and the absence of foreign-transaction fees. Some such cards also provide a period of 0% APR on purchases or balance transfers (or both), which the U.S. Bank Business Leverage Visa Signature does not offer.