Difference between revisions of "Us bank leverage card"

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(Collecting the Signup Bonus)
 
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{{DISPLAYTITLE: U.S. Bank Leverage Card}}
 
{{Page|card|US Bank cards}}
 
{{Page|card|US Bank cards}}
  
 
<div class="top" style="width: 3in; margin:auto;">
 
<div class="top" style="width: 3in; margin:auto;">
{{Card|BusinessEdgeSelect|3in}}
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{{Card|USBankLeverage|3in}}
 
</div>
 
</div>
  
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|ApplyLink=//applications.usbank.com/oad/apply.business.controller?method=start
 
|ApplyLink=//applications.usbank.com/oad/apply.business.controller?method=start
 
|BusinessVersion=Only
 
|BusinessVersion=Only
|Fee=0
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|Fee=95
|Waived=
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|Waived=yes
|FTF=
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|FTF=no
 
|Credit=
 
|Credit=
 
|CreditValue=
 
|CreditValue=
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|CurrentSpendCustom=
 
|CurrentSpendCustom=
 
|OfferLink=
 
|OfferLink=
|NormalOffer=20000
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|NormalOffer=75000
|NormalSpend=1000
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|NormalSpend=7500
 
|NormalSpendCustom=
 
|NormalSpendCustom=
|NormalValue = 290
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|NormalValue = 750
|NormalPer = .29
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|NormalPer = .10
|PointType=FlexPoints
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|PointType=points
|SignupBonusChart=
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|SignupBonusChart=//www.uscreditcardguide.com/us-bank-business-leverage-credit-card/#Historical_Offers_Chart
|BonusCategories=3x Your Choice of Day-to-day Business Expenses, Automotive Expenses, or Travel and Restaurant Expenses (4.5%)  
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|BonusCategories=2x on whichever 2 categories (out of 50) that you use most each month (2%)
  
1x Everything Else (1.5%)
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1x Everything Else (1%)
 
|CreditScore=
 
|CreditScore=
 
}}
 
}}
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{{Main|card}}
 
{{Main|card}}
 
<div class="middle">
 
<div class="middle">
{{Card|BusinessEdgeSelect|4in}}
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{{Card|USBankLeverage|4in}}
 
</div>
 
</div>
  
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{{TOC|All}}
 
{{TOC|All}}
 
*[[#Collecting the Signup Bonus|Signup Bonus]]
 
*[[#Collecting the Signup Bonus|Signup Bonus]]
*[[#Other Notable Benefits|Other Notable Benefits]]
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*[[#Notable Benefits|Notable Benefits]]
 
*[[#Bonus Categories|Bonus Categories]]
 
*[[#Bonus Categories|Bonus Categories]]
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*[[#Getting Rid of the Card|Getting Rid of the Card]]
 
{{/TOC}}
 
{{/TOC}}
  
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=== Collecting the Signup Bonus ===
 
=== Collecting the Signup Bonus ===
  
This card has a great signup offer of 75,000 points (with $4,500 initial spend).
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{{Signup Intro|high}} {{Signup Amount|$750}} You may even be able to get multiple versions of the card.
  
=== Other Notable Benefits ===
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=== Notable Benefits ===
  
 
None.
 
None.
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=== Bonus Categories ===
 
=== Bonus Categories ===
  
<ul class="bulletlist">
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The Leverage card is built around a compelling idea. You get bonus points on whichever two categories you spend the most on each month. There are almost 50 different categories, include potentially valuable categories like wholesale goods providers, construction supplies, and schools.  
<li>'''The Business Edge card offers good rewards on spending in the typical bonus categories'''.With this card you choose your own set of categories from three options. For that set, you'll earn 3x FlexPoints, worth 4.5 cents per dollar, without having to pay an annual fee.  
 
  
<ul class="checklist">
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The only problem is that the bonus rewards only amount to 2% cashback. You can do better with the "regular rewards" from other cards.
<li>'''Everyday business expenses''', such as advertising, office supplies, telecom services, and utilities</li>
 
  
<li>'''Automotive expenses''' including gas, service, tolls, and even car purchases</li>
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=== Getting Rid of the Card ===
  
<li>'''Travel and Restaurant expenses'''</li>
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<ul class="bulletlist">
</ul>
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<li>{{Cancel Cashout}}</li>
  
<li>'''Most people aren't going to want to choose the Travel and Restaurant option'''. There are plenty of cards that already earn good rewards on those categories. On the other hand, the Business Edge card's reward rates are slightly better than most of the alternative options. {{Link|Travel Spending}}.</li>
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<li>'''You can wait to cancel the card until after the annual fee shows up on your statement'''. As long as you cancel within 30 days of being charged the annual fee, U.S. Bank will refund it. </li>  
  
<li>'''The Automotive option is interesting for people who don't have a bunch of business expenses, or already have another card that earns good rewards on business purchases'''. It is one of the only cards that earns bonus rewards on a some of the expenses that fall into the automotive category.</li>
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<li>{{Cancel Retention}}</li>
 
 
<li>'''This card offers some of the best rewards on a very broad range of business expenses'''. It can complement or replace some of the other good business-oriented cards.</li>
 
 
 
<ul>
 
<li>The Ink Cash card earns much higher rewards on Telecom services, and Office supply stores, due to your ability to transfer the points to airline and hotel partners (when paired with a Sapphire or the Ink Preferred card). But, you may not be able to get the card because of the 5/24 rule.</li>
 
 
 
<li>The Ink Preferred card earns higher rewards on advertising, telecom services, and shipping. But it has an annual fee, and is also affected by the Chase 5/24 rule.</li>
 
 
 
<li>The AmexSimply Cash card earns slightly higher rewards (5%) on wireless service, and office supply stores, but offers much lower rewards on the other categories.</li>
 
 
 
<li>The FNBO Business Category card offers slightly higher rewards (5%) on a similarly broad set of categories, but is capped at $25,000 of expenses per year.</li>  
 
 
</ul>
 
</ul>
 
</ul>
 
  
 
{{/Main|card}}
 
{{/Main|card}}
  
 
{{/Page|card}}
 
{{/Page|card}}

Latest revision as of 18:58, 9 September 2021

  U.S. Bank Credit Cards

USBankLeverage.jpg

U.S. Bank Webpage
Business Card Only
Annual Fee

$95, waived first year

Typical Signup Offer

75,000 points

$7,500 initial spend

($750 net value, .10/$)

Signup Bonus Chart
Bonus Categories

2x on whichever 2 categories (out of 50) that you use most each month (2%)

1x Everything Else (1%)


No Foreign Transaction Fee


USBankLeverage.jpg

This card is only interesting for its signup bonus. While it offers "bonus rewards" on some very useful categories, they only amount to 2% back and you should be getting that much or more from other cards.


Collecting the Signup Bonus

It is worth signing up for this card just to collect the signup bonus. The typical signup bonus is $750. You may even be able to get multiple versions of the card.

Notable Benefits

None.

Bonus Categories

The Leverage card is built around a compelling idea. You get bonus points on whichever two categories you spend the most on each month. There are almost 50 different categories, include potentially valuable categories like wholesale goods providers, construction supplies, and schools.

The only problem is that the bonus rewards only amount to 2% cashback. You can do better with the "regular rewards" from other cards.

Getting Rid of the Card

  • Make sure to cash out your rewards balance before you cancel your card.
  • You can wait to cancel the card until after the annual fee shows up on your statement. As long as you cancel within 30 days of being charged the annual fee, U.S. Bank will refund it.
  • You might be able to receive a retention offer to keep your card. It could be enough to make it worthwhile to keep the card.



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