U.S. Bank Launches Cards to Meet Small Business Rewards Demand

U.S. Bank has introduced two new small business credit cards aimed at providing straightforward rewards for everyday business purchases. The U.S. Bank Business Essentials Visa Card has no annual fee and offers unlimited 2% cash back on everyday business purchases, with up to 2.5% total cash back when paired with a qualifying balance in a qualified business checking account.

The U.S. Bank Business Essentials Plus Visa Signature Card, with a $295 annual fee, provides enhanced rewards, including unlimited 2% cash back on everyday business purchases, up to 3.5% total cash back when paired with a qualifying balance in a qualified business checking account, 5% cash back on the business’s top spend category (up to $200,000 annually), and Visa Signature Business benefits.

Both cards also include access to U.S. Bank’s Spend Management platform and its ExtendPay fixed-fee payment plan for large purchases. Jessica Alba, an actress and entrepreneur, will serve as the new small business spokesperson for these cards. According to a PYMNTS Intelligence report, 35.5% of small to mid-sized businesses consider "best rewards/cashback features" when choosing their primary card, with 14.1% citing it as the main reason.

Brief written by urgent.news from PYMNTS's own syndicated text. Machine-written — may contain errors; check the original before relying on it.