Application Link
Benefits
- $500 offer: spend $5,000 within 150 days of account opening to earn $500.
- Unlimited 2% cash back on every purchase.
- Maintain a qualifying balance of at least $10,000 in an eligible U.S. Bank Business Checking account to earn 2.5% cash back on up to $10,000 in eligible purchases per billing cycle.
- No annual fee.
Disadvantages
- Money held in U.S. Bank Business Checking earns little to no interest, so the opportunity cost can be substantial.
- Foreign Transaction Fee (FTF) 是存在的，所以出了美国就不要刷了。
When to Apply
- We recommend waiting until you have at least two years of credit history, a solid understanding of credit cards, and most of the worthwhile cards you qualify for before bothering with U.S. Bank.
Summary
Let’s consider the monthly opportunity cost of keeping $10,000 in a checking account that earns no interest. Assuming you could earn 4% APY in a competitive savings account, you would be giving up roughly $33.33 per month in interest. The deposit boosts your cash back rate by 0.5 percentage points on up to $10,000 in monthly spending, which works out to a maximum of $50 in additional cash back. Rather than complicating things with all this math, it may be simpler to skip the deposit and just treat this as a straightforward 2% cash back card.
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