Rating: 5 Stars
Bottom Line:
High Travel Rewards on Category of your Choice
TABLE OF CONTENTS
Card Details
| Regular APR: | 13.99% – 24.99% (Variable) |
| Intro APR (Purchases): | 0% for 9 billing cycles |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | 3 points on day-to-day expenses, automotive or travel and entertainment, depending on the bonus category you choose 1 point everywhere else |
| Credit Needed: | (740 – 850) Excellent |
| Annual Fee: | None |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Choose your 3X points category: day-to-day expenses, automotive or travel and entertainment
- Earn 20,000 extra points when you spend $1,000 in eligible net purchases within the first 90 days after opening your account
- Enjoy a 0% Intro APR on purchases for the first nine billing cycles
- No annual fee and free employee cards
Is U.S. Bank Business Select Rewards Card worth it?
U.S. Bank Business Select Rewards is a solid card for people who want flexibility to choose a 3X points category. The options are day-to-day expenses, automotive, or travel and entertainment.
Day-to-day expenses include shipping, advertising, utilities, office supply, telecom and professional services businesses. Automotive includes gas and service stations, tire shops, car dealerships, car wash facilities, toll gates and car repair establishments. Travel and Entertainment includes airline, hotel, car rental, restaurant and travel agencies. Note that if you are considering a large purchase and expecting to earn rewards, make sure you check their Merchant Classification Code to confirm that they fall in the category you have selected. U.S. Bank Business Select Rewards is very similar to U.S. Bank Business Leverage Visa Signature, which allows business owners 2X rewards on the two categories in which they spent the most and also has no annual fee.
In terms of redemption, U.S. Bank Business Select hotel, car rental, and airfare rewards are worth $0.009 per point. In other words, 50,000 points gets you up to $450 in airfare, and 25,000 points gets you up to $225 in hotel cost or car rental cost. Gifts cards will get a lower redemption value. While you can purchase points, it’s not recommended because each point is priced at 3 cents, more than 3 times the value of earning points via purchases.
U.S. Bank Business Select Rewards also comes with Encore Relationship Rewards, which gives you rewards for taking payments. If you spend $1,000 in the first 90 days on the card, you earn 20,000 points, worth up to $180 in travel. You can choose to redeem points as cash back and statement credit, although reports from consumers have indicated this gets you significantly lower value.
If you don’t want to pay an annual fee for a business card and you have one predominant category of expenses that you would like to earn 3X travel rewards on, U.S. Bank Business Select Rewards is a solid card for you.
Pros
- Earn 20,000 extra points when you spend $1,000 in eligible net purchases within the first 90 days
- Choose your 3X points category: day-to-day expenses, automotive or travel and entertainment
- No annual fee
Cons
- Gift cards and cash back have lower redemption value than travel, which includes airfare, hotels, and car rentals
Why 5 Stars?
Regular APR
4 Stars
Intro APR
5 Stars
Fees
4 Stars.
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | 2% |
| Balance Transfer Fee | Either 3% of the amount of each transfer or $5 minimum, whichever is greater |
| Cash Advance Fee | Either 5% of the amount of each advance or $10 minimum, whichever is greater |
| Penalty APR | 29.99% |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Extended Warranty Program |
| Lost Luggage Reimbursement |
| Purchase Protection |
| Roadside Assistance |
| Travel Accident Insurance |
| Travel Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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